Aztec Minerals Corp. press release

Aztec Drills 1.08 gpt Au and 30.23 gpt Ag (1.63 gpt AuEq) over 155.4 meters, Expands Oxide Gold-Silver Zone at Tombstone Project, Arizona

2026-07-15

TSXV - TSX Venture Exchange · Gold · Copper · Silver · Molybdenum · Lead · Zinc · Antimony · Manganese · Canada · Drill Results

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Step-Out Drilling Continues to Expand the Contention Zone of Oxide Au/Ag Mineralization along Strike and at Depth

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Drill holes TR26-20 to TR26-30 have encountered multiple mineralized zones including an intersection of 155.4 m averaging 1.08 gpt Au and 30.23 gpt Ag (1.63 gpt AuEq) within 198.1 m averaging 0.86 gpt Au and 24.52 gpt Ag (1.30 gpt AuEq) in the Contention target area and other intersections on first pass test holes in the southwest and south of the Tombstone Property

VANCOUVER, BC / ACCESS Newswire/ July 15, 2026 / Aztec Minerals Corp. (TSXV:AZT)(OTCQB:AZZTF) ("Aztec" or the "Company")announces the results from 11 drill holes (TR26-20 to TR26-30) from its reverse circulation ("RC") portion of the 2025-2026 drilling program at the Tombstone Property in Southeastern Arizona. Step-out and first pass drilling has extended mineralization to the west, southwest and south of previously reported holes, and drilling in the central Contention area confirmed broad continuity of the mineralized zone and extended the oxide mineralization significantly to depth.

Aztec Minerals CEO Simon Dyakowski commented: "Our expanded drill program continues to demonstrate significant growth of the near-surface oxide gold-silver mineralized zone at Tombstone. We are now aggressively testing the North End area target. Drilling in the Contention zone continues to demonstrate consistently strong oxide gold and silver grades at shallow depths. The most recent drilling of the 21,000 meter 2025-2026 program has been successful in significantly expanding the Contention oxide mineralization vertically to depth as well as identifying new targets at Hard Up and Independence, immediately to the west, and at East Grand Central within the property."

Highlights from the RC drilling reported for the Tombstone Property include:

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Hole TR26-30intersected 198.1 m averaging 0.86 gpt Au and 24.52 gpt Ag (1.30 gpt AuEq)from surface to 198.1 m, approximately 98% of the drilled length, including 155.4 m averaging 1.08 gpt Au and 30.23 gpt Ag (1.63 gpt AuEq)from 6.1 m, which includes 44.2 m averaging 1.50 gpt Au and 60.51 gpt Ag (2.60 gpt AuEq) from 56.4 m and 6.1 m averaging 9.54 gpt Au and 35.03 gpt Ag (10.18 gpt AuEq)from 121.9 m.

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TR26-30 was collared in the central portion of the Contention pit adjacent to TR21-20 and fanned below it at -70 to a depth of 201.2m, and 45m east of TR21-17, reaching over 85m deeper vertically than TR21-20. The mineralized zone, hosted in hornfels, hydrothermal breccias and quartzites cut by quartz feldspar porphyry dikes, demonstrates continuity of oxidized mineralization between those holes and extends it vertically to depth in this portion of the Contention mineralization by 85 m, more than doubling the previously demonstrated depth.

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Hole TR26-21in the Independence Mine Target Area intersected 18.3 m averaging 0.05 gpt Au and 19.03 gpt Ag (0.39 gpt AuEq) from 18.3 m, including 4.6 m of 58.60 gpt Ag from 19.8 m.

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Also at the Independence Mine, TR26-20intersected 21.3 m averaging 0.08 gpt Au and 9.04 gpt Ag (0.24 gpt AuEq) from 51.8 m, including 4.6 m of 23.37 gpt Ag. Together these holes step out up to approximately 300 m west of previously reported drilling.

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Hole TR26-28 was collared in the southern portion of the Contention pit, just east of the Grand Central pit, 50m east-southeast from TR25-32. It was drilled at 196 Az, -70 to test observed surface mineralization. The drill hole intersected three zones in the quartzites and hornfels, the strongest being 19.8 m averaging 0.20 gpt Au and 20.28 gpt Ag (0.57 gpt AuEq)from 199.6 m, including 10.7 m averaging 0.34 gpt Au and 33.50 gpt Ag (0.95 gpt AuEq)from 208.7 m.

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Higher and adjacent in the drill hole, TR26-28 intersected 35.1 m averaging 0.04 gpt Au and 5.33 gpt Ag (0.13 gpt AuEq) from 155.4 m, and below at 239.3 m, 3.0 m averaging 0.05 gpt Au and 4.1 gpt Ag (0.13 gpt AuEq). This mineralization could lead to a larger discovery on the east side of the Contention zone.

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Hole TR26-23in the Hard Up area to the southwest intersected 22.9 m averaging 0.13 gpt Au and 13.04 gpt Ag (0.37 gpt AuEq) from 16.8 m.

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Hole TR26-26 was collared in the southern portion of the Contention pit, just east of the Grand Central pit, 100m east-southeast from the South Spoke. It was drilled at 276 Az, -65 to test observed surface mineralization. The drill hole intersected two zones in the quartzites and hornfels, the strongest being 10.6 m averaging 0.34 gpt Au and 19.36 gpt Ag (0.70 gpt AuEq)from 125.0 m. Higher in the drill hole, TR26-26 intersected 4.5 m averaging 0.16 gpt Au and 18.2 gpt Ag (0.49 gpt AuEq) from 13.7 m.

The Company also reports the first assay results from the core drilling program: core holes TC25-01, TC25-02, TC25-03 and TC25-04:

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First core program results: core hole TC25-03 returned two zones of CRD sulfide mineralization: 4.6 m averaging 0.16 gpt AuEq, 0.44% Pb and 0.28% Zn from 379.5 m, and 4.6 m averaging 0.69 gpt AuEq, 0.21% Pb and 0.02% Zn from 545.6 m at the historic T-8 CRD target horizon. TC25-04 returned 32.0 m averaging 0.26 gpt AuEq from 336.8 m within the retrograde skarn zone, including 3.0 m averaging 0.58% Pb and 35.50 gpt Ag (see Table 1A).

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Figure 1. Cross section of RC drill hole TR26-30 showing Au and Ag assay results.

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Figure 2. Plan map showing drill hole collars from the 2025-2026 drill campaign at the Tombstone Property, southeastern Arizona.

View drill sections here:

Link to section view hole TR26-20 Link to section view hole TR26-21 Link to section view hole TR26-22 Link to section view hole TR26-23 Link to section view hole TR26-24 Link to section view hole TR26-26 & TR26-27 Link to section view hole TR26-28 Link to section view hole TR26-29 Link to section view hole TR26-30

Table 1A: Drill Results Currently Reported

| Drill Hole | From (m) | To (m) | Interval (m)* | Au (gpt) | Ag (gpt) | AuEq (gpt) | Comments | | TR26-20 | 51.8 | 73.1 | 21.3 | 0.08 | 9.04 | 0.24 | Independence Mine | | Including | 51.8 | 56.4 | 4.6 | 0.24 | 23.37 | 0.67 | | | and | 94.5 | 100.6 | 6.1 | 0.03 | 7.98 | 0.18 | | | TR26-21 | 18.3 | 36.6 | 18.3 | 0.05 | 19.03 | 0.39 | Independence Mine | | Including | 19.8 | 24.4 | 4.6 | 0.06 | 58.60 | 1.13 | | | TR26-22 | 0.0 | 4.6 | 4.6 | 0.09 | 4.23 | 0.17 | Independence Mine | | and | 44.2 | 48.8 | 4.6 | 0.08 | 4.67 | 0.16 | | | TR26-23 | 16.8 | 39.7 | 22.9 | 0.13 | 13.04 | 0.37 | Hard Up | | and | 59.4 | 64.0 | 4.6 | 0.04 | 3.73 | 0.10 | | | and | 147.8 | 150.8 | 3.0 | 0.12 | 1.70 | 0.15 | | | TR26-24 | 12.2 | 19.8 | 7.6 | 0.06 | 15.46 | 0.34 | Hard Up | | and | 114.3 | 121.9 | 7.6 | 0.07 | 6.12 | 0.18 | | | and | 242.3 | 257.5 | 15.2 | 0.04 | 7.86 | 0.18 | | | and | 275.8 | 278.8 | 3.0 | 0.16 | 1.85 | 0.19 | | | TR26-25 | | | | | | | No results with values of interest | | TR26-26 | 13.7 | 18.3 | 4.6 | 0.16 | 18.2 | 0.49 | East side Grand Central Pit | | and | 125.0 | 135.6 | 10.6 | 0.34 | 19.36 | 0.70 | | | TR26-27 | | | | | | | No results with values of interest | | TR26-28 | 155.4 | 190.5 | 35.1 | 0.04 | 5.33 | 0.13 | East side Grand Central Pit | | and | 199.6 | 219.4 | 19.8 | 0.20 | 20.28 | 0.57 | | | Including | 208.8 | 219.4 | 10.7 | 0.34 | 33.50 | 0.95 | | | and | 239.3 | 242.3 | 3.0 | 0.05 | 4.10 | 0.13 | | | TR26-29 | 131.1 | 160.1 | 29.0 | 0.10 | 8.84 | 0.26 | Eastern side of the Little Joe area | | Including | 144.8 | 149.4 | 4.6 | 0.44 | 28.10 | 0.95 | | | and | 175.3 | 179.9 | 4.6 | 0.14 | 8.60 | 0.30 | | | TR26-30 | 0.0 | 198.1 | 198.1 | 0.86 | 24.52 | 1.30 | Working @ 112.8-114.3 m, no sample; 1.5 m excluded from interval | | Including | 6.1 | 161.5 | 155.4 | 1.08 | 30.23 | 1.63 | | | Including | 24.4 | 41.2 | 16.8 | 1.51 | 58.04 | 2.56 | | | Including | 56.4 | 100.6 | 44.2 | 1.50 | 60.51 | 2.60 | | | Including | 121.9 | 128.0 | 6.1 | 9.54 | 35.03 | 10.18 | | | | | | | | | | | | Core | | | | | | | | | TC25-01 | 256.0 | 268.2 | 12.2 | 0.01 | 4.70 | 0.10 | South AMT target | | TC25-02 | 341.7 | 344.7 | 3.0 | 0.03 | 10.60 | 0.23 | South AMT target | | TC25-03 | 183.5 | 193.6 | 10.1 | 0.16 | 12.72 | 0.39 | North CRD target | | and | 202.7 | 207.3 | 4.6 | 0.08 | 5.57 | 0.18 | | | and | 213.4 | 225.6 | 12.2 | 0.04 | 14.20 | 0.30 | | | and | 379.5 | 384.1 | 4.6 | 0.06 | 5.5 | 0.16 | CRD - 0.44 Pb, 0.28 Zn | | and | 545.6 | 550.2 | 4.6 | 0.64 | 2.65 | 0.69 | T-8 CRD target horizon-0.21 Pb, 0.02 Zn | | TC25-04 | 303.3 | 309.4 | 6.1 | 0.04 | 3.93 | 0.11 | South AMT target | | and | 317.0 | 323.1 | 6.1 | 0.03 | 4.53 | 0.12 | | | and | 336.8 | 368.8 | 32.0 | 0.08 | 9.96 | 0.26 | 0.15 Pb, 0.12 Zn | | Including | 338.3 | 341.3 | 3.0 | 0.53 | 35.50 | 1.18 | 0.58 Pb, 0.24 Zn | | and | 393.2 | 399.3 | 6.1 | 0.09 | 8.25 | 0.24 | | | and | 495.3 | 498.3 | 3.0 | 0.13 | 8.55 | 0.29 | |

Note 1: Gold and Silver equivalents are calculated using the recovery percentages from third party metallurgical testing of RC drill pulps completed January 21, 2026 (81.5% for Au and 75.9% for Ag) and the average prices from January 1, 2026 to May 1, 2026 (US$4,817/oz Au, US$81.36/oz Ag), a price ratio of 59.2:1. Adjusted for the difference in metal recoveries, a 55:1 silver:gold ratio was used for theholes reported in this release.AuEq has been reported at 70:1 for November 2025 to February 2026, 90:1 in 2025 prior to November, 80:1 in 2023 and 2024, and a 70:1 silver:gold ratio in 2021.

2025-2026 Drill Program

The 84 RC drill holes completed to date in the current 2025-26 program are primarily part of a "fan grid pattern" being drilled in the Contention zone. Most of the RC drill holes are oriented to test for extensions on the western, eastern borders, the southern extensions, and underneath the north-trending main Contention target zone which hosts the historic underground and open pit Contention mine. Several RC drill holes tested targets in the Westside and Hard Up areas on projected anticline, dike and fissure vein intersections under mineralized outcrops and historic shafts. The drill program has continued to identify to depth and horizontally pervasively oxidized and hematite-rich, silicified hydrothermal breccias composed of quartz feldspar porphyry dike and Bisbee Group clastic sedimentary fragments, typical of the material mined historically at the Contention Mine.

Additional mineralization types continued to be outlined by the current drilling including: manganese replacements in limestone beds and skarns, quartz veinlets, oxidized sulfide relicts as disseminations, silicification of altered hornfels, quartz feldspar porphyries and hydrothermal breccias.

The primary objectives of the 2025-26 drilling program were to: Expand the known mineralization horizontally to the west, north and south, and down dip beyond the holes drilled by Aztec in 2020-24 at the Contention Pit with step outs to enlarge the shallow, broad, bulk tonnage gold-silver mineralization discovered there; test by core drilling the initial deep CRD targets and also, to explore with first pass drilling new targets identified in the Westside area. The drilling results showed that the Contention area mineralization is still open at depth and the mineralized volume is expanding.

Table 1B: Tombstone 2026 Reported Results

| Drill Hole | From (m) | To (m) | Interval (m)* | Au (gpt) | Ag (gpt) | Au Eq (gpt) (1) | Comments | | TR26-01 | 51.7 | 72.9 | 21.3 | 0.038 | 11.76 | 0.208 | Working 71.4 - 73.0 m no sample | | | 86.6 | 110.9 | 24.3 | 0.039 | 13.37 | 0.230 | Last 4 samples in working, no recovery | | TR26-02 | 0.0 | 19.8 | 19.8 | 0.136 | 12.62 | 0.316 | | | | 54.7 | 60.8 | 6.1 | 0.088 | 13.67 | 0.284 | | | | 91.2 | 100.3 | 9.1 | 0.094 | 5.65 | 0.175 | | | | 130.7 | 147.4 | 16.7 | 0.076 | 2.76 | 0.115 | | | TR26-03 | 147.4 | 161.1 | 13.7 | 0.069 | 3.73 | 0.122 | | | | 167.2 | 177.8 | 10.6 | 0.103 | 7.21 | 0.206 | | | | 193.0 | 205.2 | 12.2 | 0.149 | 8.7 | 0.273 | | | TR26-04 | 53.2 | 63.8 | 10.6 | 0.057 | 8.17 | 0.173 | | | | 147.4 | 161.1 | 13.7 | 0.040 | 4.16 | 0.1 | | | | 168.7 | 188.5 | 19.8 | 0.220 | 13.75 | 0.416 | | | TR26-05 | 16.7 | 36.5 | 19.8 | 0.223 | 8.78 | 0.358 | | | | 60.8 | 73.0 | 12.2 | 0.117 | 3.85 | 0.172 | | | | 80.6 | 130.7 | 50.2 | 0.112 | 4.90 | 0.182 | | | | 136.8 | 158.1 | 21.3 | 0.117 | 11.44 | 0.280 | | | | 165.7 | 174.8 | 9.1 | 0.086 | 4.65 | 0.152 | | | | 182.4 | 217.4 | 35.0 | 0.119 | 5.95 | 0.204 | | | | 231.0 | 255.3 | 24.3 | 0.091 | 3.6 | 0.142 | TD in minz | | TR26-06 | 31.9 | 47.1 | 15.2 | 0.124 | 4.06 | 0.182 | | | | 62.3 | 69.9 | 7.6 | 0.223 | 11.66 | 0.390 | | | | 88.2 | 120.1 | 31.9 | 0.159 | 3.86 | 0.214 | | | | 130.7 | 158.1 | 27.4 | 0.057 | 29.22 | 0.474 | | | | 202.2 | 261.5 | 59.3 | 0.104 | 4.96 | 0.175 | TD in minz | | TR26-07 | 50.2 | 162.6 | 112.4 | 0.479 | 12.64 | 0.659 | Working 59.3 to 62.3 m | | | 173.2 | 185.4 | 12.2 | 0.127 | 8.11 | 0.243 | | | | 221.9 | 238.6 | 16.7 | 0.049 | 7.49 | 0.156 | TD in minz | | TR26-08 | 121.6 | 129.2 | 7.6 | 0.576 | 8.4 | 0.696 | | | TR26-09 | 35.0 | 45.6 | 10.6 | 0.069 | 9.06 | 0.199 | | | | 53.2 | 59.3 | 6.1 | 0.181 | 13.1 | 0.367 | | | | 158.1 | 164.1 | 6.1 | 0.041 | 7.37 | 0.147 | | | TR26-10 PC | 112.5 | 118.6 | 6.1 | 0.162 | 9.15 | 0.293 | | | TR26-11 | 100.3 | 200.6 | 100.3 | 0.173 | 11.46 | 0.337 | | | TR26-12 | 100.3 | 149.0 | 48.6 | 0.172 | 18.04 | 0.430 | | | TR26-13 | 18.2 | 27.4 | 9.1 | 0.056 | 8.27 | 0.174 | | | | 63.8 | 68.8 | 4.6 | 0.132 | 3.33 | 0.180 | | | | 85.1 | 91.2 | 6.1 | 0.039 | 5.00 | 0.110 | | | | 194.5 | 200.6 | 6.1 | 0.062 | 4.275 | 0.123 | | | TR26-14 | 0.0 | 10.6 | 10.6 | 0.195 | 13.00 | 0.381 | | | | 39.5 | 147.4 | 107.9 | 0.618 | 24.80 | 0.972 | | | | 176.3 | 225.0 | 48.6 | 0.091 | 8.11 | 0.206 | | | | 234.1 | 243.2 | 9.1 | 0.121 | 10.67 | 0.267 | TD in minz | | | | | | | | | | | TR26-15 | 92.7 | 139.8 | 47.1 | 0.214 | 13.26 | 0.456 | | | | 156.6 | 200.6 | 42.6 | 0.096 | 3.42 | 0.157 | TD in minz | | TR26-16 | 57.9 | 147.8 | 89.8 | 0.223 | 10.96 | 0.423 | | | | 164.6 | 179.8 | 15.24 | 0.069 | 5.68 | 0.157 | | | | 195.0 | 198.1 | 3.1 | 0.077 | 5.7 | 0.181 | TD in minz | | TR26-17 | 62.5 | 67.1 | 4.6 | 0.613 | 2.13 | 0.651 | | | | 82.3 | 204.2 | 121.9 | 0.294 | 11.3 | 0.499 | TD in minz, workings @ 111.2-114.3 m, 118.9-121.9 m | | Including | 85.3 | 97.5 | 12.2 | 1.017 | 14.54 | 1.281 | | | TR26-18 | 0.0 | 53.2 | 53.2 | 0.775 | 31.94 | 1.356 | | | Including | 25.8 | 44.1 | 18.2 | 1.909 | 79.07 | 3.346 | | | | 79.0 | 100.3 | 21.3 | 0.132 | 4.41 | 0.212 | | | | 111.0 | 164.2 | 53.2 | 0.084 | 6.246 | 0.198 | | | TR26-19 | 13.7 | 80.6 | 66.9 | 1.050 | 23.21 | 1.472 | | | Including | 30.4 | 57.8 | 27.4 | 2.309 | 43.23 | 3.095 | | | | 88.2 | 107.9 | 19.8 | 0.162 | 6.68 | 0.283 | | | | 114.0 | 135.3 | 21.3 | 0.395 | 12.37 | 0.620 | | | | 142.9 | 167.2 | 24.3 | 0.092 | 7.14 | 0.221 | | | | 174.8 | 199.1 | 24.3 | 0.105 | 10.0 | 0.286 | TD in minz |

Table 2 - 2026 Drillhole Coordinates

| Drill Hole | UTM East | UTM North | Azimuth | Inclination | Total Depth (m) | | TR26-20 | 587987 | 3507387 | 84 | -59 | 219.5 | | TR26-21 | 588038 | 3507523 | 106 | -60 | 146.4 | | TR26-22 | 588034 | 3507523 | 43 | -44 | 91.4 | | TR26-23 | 588160 | 3507618 | 118 | -49 | 213.4 | | TR26-24 | 588111 | 3507690 | 108 | -58 | 304.8 | | TR26-25 | 588291 | 3507364 | 101 | -61 | 201.2 | | TR26-26 | 588803 | 3507311 | 276 | -65 | 152.4 | | TR26-27 | 588804 | 3507311 | 282 | -85 | 91.4 | | TR26-28 | 588797 | 3507403 | 196 | -70 | 254.5 | | TR26-29 | 588856 | 3507549 | 272 | -60 | 243.8 | | TR26-30 | 588817 | 3507812 | 104 | -70 | 201.2 | | | | | | | | | TC25-01 | 588540 | 3507253 | 90 | -64 | 373.4 | | TC25-02 | 588716 | 3507534 | 125 | -60 | 348.4 | | TC25-03 | 588661 | 3508034 | 75 | -83 | 691.0 | | TC25-04 | 588856 | 3507422 | 123 | -75 | 831.5 | | TC26-05 | 588637 | 3508076 | 88 | -82 | 700.1 |

Core Drilling Update

The core drilling portion of the program in 2026 drilled five core holes on the Southwest AMT anomaly (TC26-02), the T-8 CRD target (TC26-05) in the north following up on a downhole EM survey of TC25-03, general exploration (TC26-01, 04) and metallurgical (TC26-03) holes. Nine core holes (TC25-01, 02, 03, 04 and TC26-01, 02, 03, 04, 05) have been attempted in 2025-2026. Core hole TC26-02 is the deepest in the program, drilled to 862m.

The core drilling program was designed to test the deep targets of the Project comprising the targeting of the large, southern and southwestern NSAMT targets and the historic T-8 drillhole CRD intercept, with some metallurgical core sample collection as well.

A synopsis for the core drilling follows:

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Drill hole TC26-05 was a follow up to a downhole EM survey of TC25-03 which targeted the historic T-8 CRD intercept in the northern portion of the Project. The drill hole was oriented 90 azimuth, -83, initially had RC pre-collar of 600 ft (182.9m) that intercepted zones of oxide mineralization. The core drill hole reached a depth of 700.1m. This entire zone is associated with notable argillic and occasional silicic alterations to 2297 ft (700.1m) depth. It is considered that significant CRD mineralization should be nearby due to the strong presence of argillic alteration. Final geochemical analytical results for this drill hole are pending.

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Drill hole TC25-03 targeted the historic T-8 CRD intercept in the northern portion of the Project. A high angle drill hole first had pre-collar of 600 ft (182.9m) that intercepted two zones of oxide mineralization and penetrated a historic mine working within 0.5m - 1.0m of estimated depth. The drill hole reached a depth of 690.9m, and it was in the stable Paleozoic carbonates from 228.6m depth onwards. Oxidation stopped by 320.1m. Three moderate to minor intensity zones of CRD mineralization were found at 1255-1275 ft (382.6-388.7m), 1350-65 ft (411.6-416.1m), and 1790 -1810 ft (545.7-551.8m). This later depth is equivalent to that of the T-8 CRD mineralization. This entire zone is associated with notable argillic and occasional silicic alterations to 1950 ft (594.5m) depth. Assay results returned 4.6 m averaging 0.64 gpt Au and 2.65 gpt Ag with approximately 0.2% Pb from 545.6 m, within the T-8 target horizon, together with three shallower zones between 183.5 m and 225.6 m grading up to 0.39 gpt AuEq. Individual samples returned up to 1.00% Zn with 35.3 gpt Ag (213.4 m - 214.9 m) and 0.59% Pb (548.6 m - 550.2 m) at the T-8 horizon.

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Drill hole TC25-04 targeted the southern NSAMT target by drilling from above at a high angle after a 91.4m pre-collar was made in the Lower Bisbee Formation sediments. While the drilling was difficult, steady advances were made and the drill hole reached a depth of 831.5m before being lost to caving. The NSAMT target was estimated prior to drilling to start at 503.0m depth while the potential NSAMT anomaly retrograde skarn zone was found lower in depth 579.3m. TC25-04 encountered mild to moderate strength retrograde exoskarns in the hornfels of the lower Cretaceous basal Bisbee siliciclastic sediments at 579.3 m depth and it continued for the rest of the drillhole. The skarns are typified by epidote and chlorite with associated hematite staining. The skarns are accompanied by several silicified hydrothermal breccia dikes with occasional Qfp clasts and with evidence of potential "B-type" porphyry veinlets over that thickness. The hydrothermal breccia (Hbx) dikes with occasional Qfp clasts within them were intercepted from 354.3m to 728.7m. It was notable that the oxidation was considerably deeper than found elsewhere in the Project with Sulfides starting to appear at 643m. The contact with underlying Paleozoic carbonates is also considerably deeper compared to the north CRD target area, finding the Naco Limestone at 778.9m. It is interpreted that the retrograde skarns and Hbx dikes are the origin of the AMT anomaly but there should be a source porphyry intrusive not too far away. Assay results returned six zones between 303.3 m and 498.3 m, the strongest being 32.0 m averaging 0.08 gpt Au and 9.96 gpt Ag (0.26 gpt AuEq) from 336.8 m within the retrograde skarn zone, including 3.0 m averaging 0.53 gpt Au and 35.50 gpt Ag.