Phase 2 RC Drill Program On Tombstone Property

VANCOUVER - Aztec Minerals Corp. reported that the Phase 2 reverse circulation (RC) drilling program has commenced at its 75% owned Tombstone project in Arizona. The 20-hole, 3,000 m reverse circulation (RC) program is designed to step along strike and down dip from the Phase 1 drill intercepts in 2020 to expand the shallow, broad, bulk tonnage gold-silver mineralization discovered around and below the Contention pit.

Phase 1 results in 2020 included 15.24m @ 6.18gpt Au and 77.2gpt Ag (7.15gpt AuEq) in hole TR20-09, 7.62m @ 4.18gpt Au and 174.2gpt Ag (6.36gpt AuEq) in hole TR20-18, and 12.2m @ 3.18gpt Au and 136.4gpt Ag (4.89gpt AuEq) in hole TR20-02. . True widths were estimated to range from 30% to 80% of intersected lengths. These holes encountered shallow oxide gold and silver mineralization associated with iron and manganese oxides, clay and silica alteration, quartz veins and porphyry dikes crosscutting brecciated Bisbee Group sandstone/siltstone along the Contention fault.

Drill holes will be collared on the western side of the Contention Pit and drilled to intersect the mineralized zone at approximate 50-meter vertical spacings. Hole sites will be spaced 50 to 100m laterally depending upon the existing drill hole configuration. Although 20 holes is not enough to completely drill off the mineralized zones, the Phase 2 program results will help guide the next phase of RC drilling.

CEO, Simon Dyakowski, said, "We and our partners are excited to commence this first follow-up drill program to Aztec's initial drill successes in 2020. This Phase 2 RC drill program is designed to infill between the Phase 1 drill patterns as well as step out along strike and down dip to expand the shallow, broad, bulk tonnage gold-silver mineralization discovered in, around and below the Contention pit."