Aztec Minerals - North Extension Zone: High-Grade Drill Results, Upcoming Maiden Resource
The KE Report Aug 10, 2026
Summary
First step-out holes on the newly acquired North Extension extend the Contention zone trend north across the former property boundary.
Hole 39 cut 88m @ 1.69 g/t gold equivalent (AuEq — total metal value restated as gold grade) from near surface, including 6m above 13 g/t.
Mineralization runs roughly 70/30 gold to silver here, gold-dominant in the north and more silver-rich south and west.
Maiden Mineral Resource Estimate (MRE — first formal tonnage and grade disclosure) is targeted for early Q4, based on results through hole 50.
Leach-amenability testwork at Kappes Cassaday will revisit 1980s-era Merrill-Crowe silver-recovery results for current metallurgical assumptions.
Simon Dyakowski's takeaways
- Top takeaway Dyakowski frames the north extension as a long-sought, project-changing addition whose first holes confirm continuity of the contention zone and a more gold-rich character to the north
- He is committing to aggressive continued drilling, with the rig returning around August 15, 2026 after a short break, and expects most near-term drilling to be concentrated in and around the north extension
- He has structured the work to lock the maiden MRE at hole 50 for an early Q4 2026 release while continuing to drill, explicitly positioning growth potential beyond the maiden estimate
- Dyakowski leans into a 'gold story with a silver kicker' narrative to argue the stock has been overly punished by silver-price volatility, while still keeping the silver exposure as upside leverage
- He points to historical 1980s heap-leach and Merrill-Crowe operation at Tombstone as evidence the mineralization is amenable, with a current Capis Cassady (Reno) metallurgical survey underway to demonstrate it for the market