Arizona Gold-Silver Explorer With Better Than Expected Drill Results: Technical Analyst Issues Buy Alert
Contributed Technical Analyst Opinion

1. For this article, Aztec Minerals Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$2,500.
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With copper, gold, and silver all well-supported on long-term charts, Aztec Minerals Corp. (AZT:TSX.V; AZZTF:OTCQB) announced drill results that expand its oxide gold-silver zone:

• Intersecting 0.62 GPT AU and 24.8 GPT AG Over 107.9m in the Westside Area and 0.48 GPT AU and 12.6 GPT AG Over 112.5m at the Contention Area

The main target of the current drilling is to continue testing the shallow, bulk-tonnage, potentially heap-leachable, mesothermal gold-silver oxide mineralization adjacent and below the previously mined Contention pit by step-out drilling.

Future drilling is expected to focus on follow-up on the current program's results. It is anticipated that possible targeting could include strike and dip extensions of the shallow oxide mineralization and move along those trends deeper into the sulphide zone, as historically, there was significant production to 300 m depth.

Gold Chart: Technical Analyst Opinion

After a multi-year bull run, gold is establishing floors of support, which can be attractive to institutional investors who like stability and firm prices.

Higher gold prices that are well-supported will be a factor in how the Tombstone project plays out.

Silver Chart: Technical Analyst Opinion

A floor of US$50-US$70 for silver will also be beneficial to companies like Aztec, and this chart suggests that the floor is likely coming into play right now.

Junior Miners & Metals Prices

A big issue for the juniors is the price of the metals they mine. They can lower costs, but they can't control the price of the metals. They either suffer or gain from it.

The current floors for gold and silver can give confidence to institutional money managers, and from here it's up to the individual miners to show those money managers that their projects are worthy of institutional consideration.

Drill Results at the Tombstone Project

(2025-2026 RC And Core Drill Program)

The RC drilling program is targeting shallow zones associated with surface exploration and 3D geological modeling, prospective for wide oxide gold-silver mineralization, and drilling pre-collars for the deeper CRD targets.

The drill program has completed 40 RC and RC precollar drill holes in 2025 and 18 RC and one RC precollar drill hole since the start of 2026, focusing on testing both the Contention Main and Southern Extension areas as step-out targets and Westside Area first pass targets, with results from the first 14 RC holes now announced.

Initial assay results continue to validate the oxide gold-silver geological setting as outlined in Aztec's geological exploration model. Six core holes (TC25-01, 02, 03, 04, and TC26-01,02) have been attempted, and another (TC26-03) is currently being advanced (167.4 m), testing the central Contention target.

Primary Drill Program Objectives

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.

• Step-Out Drilling Continues to Expand the Contention and Westside zones of Oxide Au/Ag Mineralization
• Drill holes TR26-1, 2, 8, 9, 13, and 14 encountered multiple mineralized zones expanding the Westside Anticline and Center target areas, including an intersection of 107.9m averaging 0.62 gpt Au and 24.8 gpt Ag
• Drill holes TR26-3, 4, 5, 6, 7, 11, and 12 expand the Contention Main target area to the west and depth, with multiple mineralized zones including an intersection of 112.5m averaging 0.48 gpt Au and 12.6 g/t Ag
• 59 RC holes including five pre-collars, have now been drilled in the 2025-2026 drill program, with nine drill holes pending final analysis as the drilling campaign continues

Downhole Geophysical Survey of Core Holes

As of March 10, Aztec Minerals Corp.'s Tombstone property joint venture management committee has met recently and approved a further expansion of the continuing drill program by 4,500 meters of additional reverse circulation (RC) drilling.

The expanded drilling program, which commenced in June, 2025, is now expected to total approximately 17,000 m of combined core and RC drilling (14,200 m RC and 2,800 m core).

The additional approved drilling budget totals CA$1.7 million and is expected to be directed toward targets in the Westside, Hard-up, Ingersoll, East Contention, Southeast Contention, Central Contention, and North Contention areas. The focus of this additional shallow RC drilling program is to target oxide gold-silver mineralization.

The company also announces the commencement of downhole electromagnetic (EM) surveys of three core holes at the property, including the recently completed TC25-3 hole in the northern portion of the property, TC25-4, which targeted the southeastern NSAMT (natural-source audio-frequency magnetotelluric) target, and TC26-2, which is currently being drilled in the southwestern NSAMT target. Aztec contracted Zonge International to conduct the survey over the month of March, 2026.

The Aztec Daily Chart: Technical Analyst Opinion

The US$0.0.15 zone is functioning as strong support, and Stochastics is leading MACD, which is typical in a trending move.

A breakout over the US$0.23 resistance zone seems imminent and would target the US$0.33 area highs.

Review of 2025 and Outlook for 2026

Cervantes Project 2025 Highlights:

• Conducted a surface exploration program in preparation for potential future drilling that produced strong results.
• Drilling in the 2022-2023 programs intercepted strong mineralization at the California Zone, California Norte, and Jasper targets.
• The California Zone of near-surface, oxide gold mineralization was successfully expanded in every direction and to depth, and is approaching the adjacent California Norte mineralized target.
• California Zone Drill Highlights Include:
• 137m @ 1.49 gpT Au incl 51.7m @ 3.42 gpT Au in CAL22-005
• 165m @ 1.00 gpT Au incl 24.4m @ 4.25 gpT Au in CAL22-004
• 152m @ 0.87 gpT Au, incl 33.5m @ 2.05 gpT Au in CAL22-012
• First drill campaign seven years ago successfully and partially outlined an oxide gold cap to a significant new porphyry gold (copper) discovery at the California zone with drill intercepts up to 160 meters long grading 0.77 gpt gold (hole 18CER010).
• Continue surface exploration of the Cervantes project during the first half of 2026 in preparation for potential continued step-out and exploration drilling.

Tombstone Project 2025 Highlights:

• Reported the highest grade silver intersected at the Property by Aztec to date:
• High-grade Silver Intersection of 7,269 gpt AgEq (233.7 opt AgEq – 3,669 gpt Ag, 44.7 gpt Au) over 1.52 m, within a zone of 569 gpt AgEq (18.3 opt AgEq – 290 gpt Ag, 3.48 gpt Au) over 25.8 m.
• The intercept was in TR24-16 in the South Extension of the Contention pit and intersected multiple zones of oxide Ag-Au mineralization, including 106.4m of 147.9 gpt AgEq (1.85 gpt AuEq – 0.90 gpt Au and 76.2 gpt Ag).
• The TR24-16 high-grade intercept is located along the general Contention Pit trend 439 m SSW from the prior high-grade intercept in TC23-01 (3,477 gpt silver and 0.12 gpt gold (3,485.1 gpt AgEq) over 1.52.
• Discovered high-grade mineralization in the first pass drilling of the Westside Target Area:
• Drillhole TR24-13 intersected 24.4m of 106.24 gpt AgEq within a broader zone of 85.4m averaging 47.31 gpt AgEq at shallow depth.
• The first pass test of the Westside Target Area confirmed significant silver-gold oxide mineralization intersections for the geologically diverse, modeled targets.
• The Westside Target Area demonstrates potential for shallow silver-gold oxide mineralization like that of the adjacent Contention Target Area.
• Expanded Property Land Position by 46.7%:
• Staked 31 new unpatented lode mining claims totaling 211 hectares (522 acres), increasing the overall Tombstone Project JV land package by 46.7% from 452 hectares to 663 hectares (1,639 acres).
• Commenced 5,000-meter RC and Core drilling program, subsequently increased to a minimum of 8,500 meters. 
• Aztec reported strong initial results and expanded and extended into 2026, including the first core drilling of CRD-style targets below the oxide silver-gold target area:
• Drillhole TR25-03 intersected 6 .08m of 456.6 gpt AgEq within a broader zone of 50.3m averaging 89.7 gpt AgEq at shallow depth.
• Drillhole TC25-02, which intersected 62.5m at 40.7 gpt AgEq (19.4 gpt Ag and 0.24 gpt Au).
• Drillhole TR25-06 intersected 3 .04m of 2149.5 gpt AgEq within a broader zone of 28.9m averaging 250.2 gpt AgEq at shallow depth.
• Drillhole TR25-05 intersected 4.6m of 590 gpt AgEq within a broader zone of 47.1m of 0.55 gpt Au and 3 6.4 gpt Ag (85.5 gpt AgEq) at shallow depth. 

• Drilled Highest Grade Gold Intersection to-date by Aztec:
• Drillhole TR25-17 intersected a broad zone of 36.5m averaging 8.14 gpt Au and 49.67 gpt Ag from 9.1 m depth, including 4.6m averaging 58.5 gpt Au and 158.0 gpt Ag from 16.7m depth at a previously untested area of the northern portion of the Contention Target.

Shares Outstanding

188.88million

Significant Shareholders

The Aztec Weekly Chart: Technical Analyst Opinion

On the weekly chart, a gentle up channel has been established.

Volume is bullish, rising on rallies in the price, and fading on dips.

MACD histograms are rising, and Stochastics is flashing a buy signal in the oversold zone.

Stock price at time of writing (April 24, 2026): Approx. US$0.2065

Short-Term Technical Price Target: US$0.33

Long-Term Technical Price Target: US$0.50

Technical Rating: Strong Speculative Buy

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