Aztec Minerals – Expanding the Drill Program at Tombstone
In this KE Report update, I speak with Simon Dyakowski, President & CEO of Aztec Minerals (TSX.V:AZT | OTCQB:AZZTF) about the company’s decision to expand the Tombstone drill program to 8,500 meters, progress to date, and what investors can expect next.
Key Discussion Points:
- Program Expansion:
Why the RC portion was increased and how stronger-than-expected drilling performance supports the updated plan. - Assay Delays & Timing:
Lab repairs, new staffing, and when outstanding results from late summer and fall are expected. - New Drill Targets:
Additional holes focused on the South Extension and moving west toward areas historically viewed as more silver-rich. - Core Drilling Update:
A new rig and crew have significantly improved performance, with the first deep hole completed and CRD-focused targets now underway. - Potential Resource:
With growing drill density along the Contention trend, Aztec will assess whether a maiden resource is feasible after this program. - Strong Treasury:
~$9M cash supports completion of the program and ongoing work without additional financing.
Please email me any questions you have for Simon. My email address is Fleck@kereport.com.
Click here to visit the Aztec Minerals website.
For more market commentary & interview summaries, subscribe to our Substacks:
https://kereport.substack.com/
https://excelsiorprosperity.substack.com/
Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
The miners often disappoint when the metals are on fire. It happened in 2010/11, too. I think it’s due to a couple of things. Quick, big moves aren’t trusted by those trying to value miners. At the same time, many choose to play the metals when they’re moving because of the perceived relative safety compared to the miners. Silver has doubled this year and there are plenty of ways to add leverage to that already impressive gain without going to the miners.
Notice that silver moved up in 2016, 2020 and 2024 to the present but it was during the smallest of those moves, 2016, that the miners performed best.
SLV
https://schrts.co/yXKrrUKj
SILJ:SLV
https://schrts.co/GqTGCFkj
Now is clearly not the time to think about exiting the sector!
Spanky, I would agree with what Matthew said. Don’t get out of your positions. The best is yet to come.
Wasn’t thinking about selling.
My biggest position is HL, and Francis Hunt has an $84 target on it. I am expecting a correction when HL hits $33-35, but will likely hold through it. If it hits $84, I will liquidate my entire HL position and most of my other miners (I plan to only have a 10-20% position in the miners at that point).
My ultimate target on HL is $230.
PSLV was up 3% today but PAAS was up 10%
Bonzo, congrats on those Hoosiers. I thought I would never these that day.
Fed week and bad economic stuff everywhere. Might be drop in interest rates and everything will be wonderful…
There’s almost a 90 percent chance that we’ll get another quarter point cut but all will not be wonderful for the economy or the stock market.
Yes …I am hoping the capping stops of the miners in prep for The Fed announcement. Of course, we may get punished as nothing much can cure the debt.
Since everyone has been talking about Emerita resources, I did a little research and took a swing at the ball on the opening and placed my first order for EMOTF.
Hi Richard, I bought EMO yesterday for 40 cents CDN, very near the bottom. I just new it would get slaughtered mostly because investors believed it was a slam dunk for a court case win and they would be overselling once it started to correct because of tax loss season. I’m not interested in holding EMO only in trading it. There are so many better stories if you want to hold for the longer term. Just my thoughts. I don’t like Snowline gold or most of The Yukon (Tombstone plays) the terrain in that jurisdiction is just too hostile and it will come back to bite a lot of investors who have participated in those plays if they continue to hold over the longer term. DT
When I mentioned Tombstone plays I was talking about The Yukon not Arizona. DT
I was overjoyed when CDE took the hit it did since I didn’t have the type of position in it that I wanted. And I don’t like chasing stocks. I’ve been adding down here and will add more over the next few weeks. CDE is forming a nice trading channel for awhile.
Santa Cruz 4:1 share consolidation happens today. Based on Tuesday’s close it will open at $12.24.
Impact Silver inching up…
There’s nothing wrong with the action whatsoever:
https://schrts.co/WrnpFVZt
A weekly close above .39 Cdn would be great as it would be the best weekly close since April, 2022.
Silver breakout… having trouble with my chart subscription, so no annoying charts…
Back to spanky’s comment above about the silver miners’ underperformance, it’s worth recognizing that most silver miners earned a pullback, not just in dollars, but when priced in silver. Here’s CDE:SLV which more than tripled since the April low:
https://schrts.co/HfxmtcPH
CDE is still a long ways from conventional weekly buy signals so it’s a buyers market. The same goes for most of its peers but the very small caps like IPT, DEF, KTN, etc. look very different. Look at CDE’s weekly MACD and TSI:
https://schrts.co/xgIPDKpD
Now look at Impact’s MACD and TSI:
https://schrts.co/kyJvCHXM
The Canadian dollar looks ready to rise along with IPT…
https://schrts.co/wbIjEvty
SCZ, testing my new charts…
The last couple of weeks of silver miner action exemplifies why I did not want silver to just go parabolic.
The underperformance of the miners since early September has been disappointing to say the least. What have silver miners been discounting (you could say that about the last 50 years)? (that’s a bit of a rhetorical question)
GDX:GLD is much closer to an actual multiyear breakout, so I suppose some patience is in order considering the absolute drubbing silver miners have been subjected to over the last 50 years. The gold miners will be the first to break out vs the metal and let’s hope they are leading the way for the silver miners to (eventually) follow suit.
Since sept. 8, silver has gone from $42 to $60 and the silver miners are down 15% vs silver over that time and are still below their 2021 peak vs silver.