en.Wedoany.com Reported - New drilling progress has been made at the Tombstone project in Arizona, USA. Aztec Minerals Corp. (TSX.V:AZT; OTCQB:AZZTF) has discovered a thick, high-grade oxidized gold-silver orebody at the Contention target, with multiple drill holes returning excellent results, prompting analysts to issue a "Buy" rating. 
The results from five reverse circulation (RC) drill holes, released by the company on May 14, show that hole TR26-19 intersected 66.9 meters averaging 1.05 g/t gold and 23.21 g/t silver (1.47 g/t gold equivalent) starting from 13.7 meters below surface; this includes a 27.4-meter high-grade zone averaging 2.31 g/t gold and 43.23 g/t silver (3.10 g/t gold equivalent). Hole TR26-17 drilled through 121.9 meters of oxidized mineralization in sedimentary rocks of the Lower Bisbee Group, averaging 0.29 g/t gold and 11.3 g/t silver (0.5 g/t gold equivalent), including a 12.2-meter interval averaging 1.02 g/t gold and 14.54 g/t silver (1.28 g/t gold equivalent). This hole ended in mineralization, confirming the continuity of mineralization at the northern end of the Contention target. Hole TR26-18 also intersected mineralization from surface to a depth of 53.2 meters, averaging 0.77 g/t gold and 31.94 g/t silver (1.36 g/t gold equivalent), including an 18.2-meter section averaging 1.91 g/t gold and 79.07 g/t silver (3.35 g/t gold equivalent).
Concurrent core drilling in hole TC25-04 discovered retrograde skarn and hydrothermal breccia veins corresponding to an AMT anomaly at a depth of 579.3 meters. Hole TC25-03 identified three zones of moderate to weak CRD mineralization between 382.6 meters and 551.8 meters. Final geochemical assay results for these drill holes are still pending. CEO Simon Dyakowski stated that these near-surface, high-grade intercepts are extending the Contention zone westward and at depth, indicating that the historical open pit is merely the upper part of a much larger oxidized gold-silver system, with the project still having expansion potential in multiple directions.
On April 27, 2026, technical analyst Stuart Thomson gave Aztec a "Strong Speculative Buy" rating, with a short-term target price of US$0.33 and a long-term target price of US$0.50. On May 14, Jeff Wacks, Senior Analyst at The Gold Advisor, also issued a "Buy" rating, citing the expansion of oxidized gold-silver mineralization, Arizona's favorable jurisdictional environment, and pending assay results as supportive factors. As of May 14, 2026, Aztec's market capitalization was approximately C$49.1 million, with 188.84 million shares outstanding and management and insiders holding 52% of the shares. The company plans to commence exploration work at the Cervantes project in Mexico during the second quarter of 2026.
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