Shares of Azteca Gold Corp. (TSX: V.AZG, Stock Forum) soared more than 64% to 14 cents Wednesday, after the company announced first preliminary assays for diamond drill hole DDH-005A on its 50% owned Two Mile Project near Osburn, Idaho just before Tuesday’s market close.
Shares of Azteca were halted on Monday morning and resumed trading on Wednesday.
The Spokane, Washington-based company notes that 41 contiguous samples were assayed through the massive mineralization and the immediately adjacent stock-work type veining. The mineral averages of these samples over 85.5 FT are: 9.2% Zn, 2.0% Pb, and 33.0 g/tonne Ag, says the company, which reportedly included the following highlights: 15.5 FT of 40.0% Zn, 7.4% Pb, and 140.7 g/tonne Ag, which is included within the larger interval, 37.0 FT of 18.0% Zn, 3.6% Pb, and 61.9 g/tonne Ag.
Azteca says that the highest individual assays within this 15.5 FT massive zone include 55.9% Zn, 44.7% Pb, and 1,113 g/tonne Ag. The company says it is currently drilling at two locations within the Two Mile Project property in an effort to develop a mineral resource.
On the company’s Bullboard Wednesday, GreenShark said: “this intersection is a company maker people! today marks an entirely new direction for Azteca Gold Corp! should change their name to Azteka Zinc[sic]…”
