Vancouver, Kgoing – 22. Februar 2021 – Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF – https://www.commodity-tv.com/ondemand/companies/profil/aztec-minerals-corp/) announces dass the company with Tombstone Gold & Silver Inc. und Tombstone Resources Inc. (together the “Tombstone Partners”) signed a joint venture agreement andnd formed a 75:25 joint venture to further develop the Tombstone property in Cochise County, Arizona, USA.
The Tombstone property includes die Mine Contentionwhich has historically been the largest active silver mine in the Tombstone Silver District, as well as many other historic mining and prospecting areas. Historical mining was concentrated to several high-grade epithermal E.gears with silver-gold-lead-zinc-copper enrichment and Carbonatverdrängungslagerstätten (CRD). In the course of more recent dismantling work in the late 1980s, dhe open pit / heap leach operation Contention in the area of the near-surface epithermal oxide-gold-silver mineralization with large tonnages Developed in the center of the Tombstone Property.
Aztec has his Earn-in obligations met and exercised its option to acquire a 75% interest in the Tombstone property. To do this, the company invested at least 1 million CAD in the Exploration, issued 1 million shares and paid a total of $ 100,000 over a three year period. The tombstone partners keep the remaining 25% stake in the Joint Venture.
Simon Dyakowski, CEO from Aztec, says: “We are very excited to be signing a joint venture agreement with the Tombstone partners and look forward to working with them on further exploration activities on the project. In the course of Aztecs first drill program last year w
The re is extensive, near-surface epithermal oxide-gold-silver mineralization in the area of the mine’s open pit Contention discovered including some of the highest grade gold and silver intercepts up to given bei Tombstone penetrated were. Aztec and the tombstone partners will now have a management committee for the joint venture set up, where Aztec will act as the operator of the joint venture.
The committee is expected to meet shortly to review and approve the exploration program and budget planned for 2021. Aztec plans to provide an update to shareholders when the exploration program and budget for 2021 is approved by the joint venture partners. ”
Joey Wilkins, B.Sc., P.Geo., Vice President of Exploration of Aztec Minerals Corp., ist the qualified expert responsible for thas reviewed and approved the technical information in this press release.
„Simon Dyakowski “
Simon Dyakowski, Chief Executive Officer
Aztec Minerals Corp.
The shares of Aztec are traded on the TSX Venture Exchange (symbol: AZT) and on the OTCQB in the USA (symbol: AZZTF).
Contact details – For more information, please contact:
Simon Dyakowski, CEO or Bradford Cooke, Chairman
Tel: (604) 619-7469
Fax: (604) 685-9744
E-mail: [email protected]
The TSXV and its regulatory bodies (referred to as the “Regulation Services Provider” in the TSXV Articles of Association) assume no responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or denied the information contained in this press release.
This press release contains statements that may qualify as “forward-looking statements” within the meaning of Canadian securities laws. In general, such forward-looking information can be identified by the use of forward-looking terms such as “expected” or “expected” or variations of such words and phrases or statements that certain actions, events or results “will” occur.
The se forward-looking statements are subject to various risks and uncertainties. Actual results could differ materially from the results contained in the forward-looking statements. Certain factors could cause actual results to differ materially from those in the forward-looking statements. Actual events could therefore differ materially from those expressed in the forward-looking statements. Investors and others should take into account the aforementioned factors and other uncertainties in making decisions based on forward-looking statements and should not place undue reliance on such forward-looking statements.
The company does not intend to update any forward-looking statements unless required by applicable securities laws.
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Aztec Minerals Signs Joint Venture Agreement Partners Tombstone Project Arizona