Aztec Drills 556.5 gpt Silver and 17.7 gpt Gold (2149.5 gpt AgEq) over 3.04m within 70.8 gpt Ag and 1.99 gpt Au (250.2 gpt AgEq) over 28.9m; Continues Expansion of the Contention Target and Drilling for Potential CRD Mineralization at the Tombstone Project, Arizona

Aztec Minerals Corp. (AZT: TSX-V) reported high-grade silver-gold drill results from its Tombstone Project in Arizona, highlighted by drillhole TR25-06 intersecting 3.04m of 2149.5 gpt AgEq within a 28.9m zone of 250.2 gpt AgEq. These positive findings, which validate the company's geological model and demonstrate the extension of mineralization to the west and at depth, have led to an expansion of the 2025 drilling program from 5,000m to 7,500m, now projected to continue through Q4 2025 to further explore both shallow oxide and deeper CRD targets.

Analysis

Aztec Minerals has reported exceptionally high-grade drill results from its Tombstone Project, significantly de-risking the asset and validating its geological model. The headline intercept in drillhole TR25-06 returned 2,149.5 gpt silver equivalent (AgEq) over a 3.04-meter interval, contained within a broader 28.9-meter zone averaging 250.2 gpt AgEq at a shallow depth. These results, complemented by other strong intercepts like 590.4 gpt AgEq over 4.6 meters in TR25-05, confirm the continuity of high-grade precious metal mineralization. Crucially, drilling demonstrates that the Contention system remains open, extending to the west and at depth, as evidenced by holes TR25-07 and TR25-08 ending in mineralization. In direct response to these findings, management has approved a 50% expansion of the 2025 drill program from 5,000 to 7,500 meters, extending exploration through Q4 2025. This provides a clear pipeline of potential catalysts and signals strong confidence in expanding both the shallow, bulk-tonnage oxide gold-silver resource and testing for deeper, high-grade CRD targets.

Key Decisions for Investors

• The high-grade intercepts and subsequent 50% expansion of the drill program represent a significant positive catalyst and a major de-risking event for the Tombstone project, supporting a bullish outlook on the company's exploration potential.
• Investors should closely monitor the pending assay results from the now-expanded 7,500-meter program through Q4 2025, as continued success in extending mineralization will be the primary driver of near-term value.
• While the results are strong, it is critical to recognize this is an exploration-stage asset and the reported intercepts are apparent widths; long-term value will depend on defining true widths, establishing resource continuity, and successfully testing the higher-risk, high-reward deep CRD targets.