Aztec Minerals Inc. (AZT:TSX.V; AZZTF:OTCQB) was recently awarded two new mineral concessions of 3,149 hectares from a Mexican government land lottery. The land is adjacent to the company's Cervantes project in Sonora and expands its land package six-fold.
The company noted that the new concessions include six historical prospects: "The Jacobo and Purisima prospects are situated southwest of the California zone at Cervantes along part of a 7.5 kilometer (km) long, northeast-trending structural corridor; the El Tigre gossan zone lies south of California and Brasil zones along a north-south trending lineament; and the PS, RA and La Verde prospects straddle the California prospect along a northwest trending linear."
Joey Wilkins, president and CEO of Aztec Minerals, noted, "This major land acquisition substantially expands the upside potential of our Cervantes porphyry gold-copper project. Not only does it cover possible extensions of the outcropping California zone gold-copper mineralization now being drilled, it also covers six other gold-copper-molybdenum prospects and/or gossan zones related to porphyry intrusions. We plan to map and sample these areas this year after completion of the current Phase 1 drill program."
Aztec Mining is a young company that IPO'd last May. Read more about it in a Streetwise Reports article, "Cervantes Drilling Demonstrates There Is Nothing Quixotic About Gold Project," here.
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