Generalist investors haven’t been giving Aztec Minerals (AZT.V; AZZTF.OTC) and its two district-scale, North America-based exploration projects their due.

But with an array of drilling-based catalysts on the way, a lucrative re-rating could be imminent.

Dear Fellow Investor,

In a way, investing in exploration stocks isn’t complicated.

If you like the investment case for the metals an explorer is chasing, focus on explorers with the best chance of making a big discovery.

Since drilling a project is the way the big discoveries get made, you’ll want to gravitate toward companies with active drill programs.

And while no program comes with a guarantee of success, news flow from ongoing drilling is the best way for companies to serve up potential share price catalysts.

By that measure, now is a near-ideal time to consider investing in Aztec Minerals (AZT.V; AZZTF.OTC).

Between recent high-grade gold hits from its Tombstone project, the prospect of a company-making silver discovery at depth there and drilling on the horizon for its district-scale Cervantes project, Aztec Minerals is serving up exactly the type of catalysts that can deliver big shareholder returns.

Catalyst #1:
High-Grade Gold & Silver From Near-Surface Drilling At Tombstone

Located in southeast Arizona near the historic mining town of Tombstone, Aztec’s eponymously named Tombstone project is a target-rich environment.

The area produced 32 million ounces of silver between 1878 and 1939 and was mined as an open-pit gold-silver operation in the late 1980s.

Aztec’s just-completed, 20-hole drill program on the Contention pit’s North and Central areas has already generated two impressive rounds of gold-rich assays.

Highlights include:

• 32.0 meters of 5.7 g/t gold and 40.5 g/t silver (6.3 g/t gold-equivalent)

• 96.0 meters of 1.4 g/t gold and 56.4 g/t silver (2.2 g/t gold-equivalent)

• 21.3 meters of 1.2 g/t gold and 37.1 g/t silver (1.7 g/t gold-equivalent)

• 21.4 meters of 2.1 g/t gold and 27.1 g/t silver (2.4 g/t gold-equivalent)

• 39.6 meters of 2.1 g/t gold and 47.1 g/t silver (2.8 g/t gold-equivalent)

That 32-meter interval of 6.3 g/t gold-equivalent is one of the best drill results posted in the southwest United States this year.

And that last 39-meter intersection of 2.8 g/t gold-equivalent came from a hole that bottomed in mineralization before caving forced Aztec to stop drilling.

Indeed, many of the holes Aztec has drilled so far have bottomed in mineralization.

That’s key, because while the current program is cranking out impressive grades and moving the old Contention pit towards a resource estimate, it’s the potential for discovery at depth that’s truly tantalizing.

Catalyst #2:
Deep Drilling For The Big Prize

To understand why, one need only look at the chart below of Arizona Mining, a company whose Taylor silver deposit lies just 75 kilometers west of Tombstone.

Why did Arizona Mining’s share price go parabolic, ending in a C$1.8 billion takeout by South32?

Because drilling outlined one of the larger, polymetallic deposits in recent memory (114 million tonnes 11% zinc-equivalent).

As the Taylor buyout proves, this carbonate replacement deposit (CRD) silver-zinc-lead resource is exactly the kind of discovery that big mining companies crave.

It’s large; it’s high-grade; and it’s in North America, one of the world’s safest mining jurisdictions.

That matters to Aztec Minerals, because historic drilling indicates Taylor-type mineralization may lie below the open-pittable resource at Tombstone.

And that what makes Catalyst #2 for Aztec — a deeper drilling program to look for a similar deposit — so intriguing.

With Taylor providing a ready-made analog and those “bottomed in mineralization” holes hinting at what may lie at depth at Tombstone, success with this program could send Aztec’s valuation soaring.

Catalyst #3:
Drills To Test District-Scale Target At Cervantes

Of course, with this type of “swing for the fences” drill program, it always helps to have a backstop, and Aztec has a great one in its Cervantes project in Sonora State, Mexico.

As you can see from this aerial view of Cervantes, the project hosts several mineralized targets along a six-kilometer corridor that’s truly district scale.

Surface work is underway to expand those targets at depth and, assuming all goes well, Aztec plans to execute yet another drill program (which would be its third in 2021) later this fall.

That program could provide some excitement of its own, as it will seek to expand the large, 900-meter-by-600-meter surface gold anomaly on Cervantes’ California target.

Mineralization on the California zone is open in all directions, with highlights from a 2017 drill program that include:

• 160 meters of 0.77 g/t gold, including 80 meters of 1.0 g/t gold and 0.11% copper

• 139 meters of 0.71 g/t gold, including 20 meters of 2.1 g/t gold and 0.16% copper

• 118 meters of 63 g/t gold, including 43 meters of 1.2 g/t gold and 0.16% copper

• 122 meters of 0.60 g/t gold, including 62 meters of 0.88 g/t gold and 0.06% copper

• 170 meters of 0.42 g/t gold, including 32 meters of 0.87 g/t gold and 0.06% copper

And other targets besides California look equally inviting.

Bottom line, just like Tombstone, Cervantes is a project with scale in a great mining locale, and exploration success in the days ahead could therefore spark the interest of major mining companies.

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Time Is Short To Get Onboard

Add it all up, and Aztec has an uncommon level of potential share-price boosters in the pipeline through the end of this year.

...In the short-term, more high-grade gold results from the near-surface drilling at Tombstone could hit the newswires in a matter of days.

...Next up is the potential announcement of drilling at depth to test for another Taylor-style silver-lead-zinc deposit at Tombstone.

...And then there could well be another drilling program to test the potential at Cervantes.

So far, the market has largely ignored the obvious re-rating this torrent of news flow could provide.

But with traders returning to their desks from summer vacations and gold and silver set to return to historic fall strength, Aztec is likely to start popping up on their radars.

All of which makes now a perfect time to consider adding Aztec Minerals to your portfolio of explorers.

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