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Transaction Announcement Reports
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Project: | Cervantes | |
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Deposit: | Cervantes | |
Location: | Mexico | |
Commodities: | Gold-Copper-Molybdenum | |
Date: | 4/20/2017 | |
Report Code: | NI43-101 | |
Report Type: | Supporting Acquisition | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 20-4-2017: Aztec Minerals Corp. announces a Supporting Acquisition report for its Cervantes deposit at the Cervantes project. Amended technical report summarising property in support of acquisition. Preparation of this Technical Report was undertaken on b | |
Resources: | x | |
CP/QP: | [Overall Report]: Craig Gibson (Garibaldi Resources Inc.) | |
ABSTRACT: | Preparation of this Technical Report was undertaken on behalf of Aztec Minerals Corporation (Aztec or the Company). Aztec was a wholly-owned subsidiary of Aztec Metals Corp. (Azmet) until October 13, 2016, when Azmet distributed the common shares of Aztec to its shareholders on a pro rata basis as part of a spin-out transaction. Azmet has acquired an interest in certain mining concessions known as the Cervantes Property (Property) located in the Tonichi mining region, Soyopa municipality of Sonora State (Fig. 4.1). Aztec contracted P. Craig Gibson of Prospeccion y Desarrollo Minero del Norte S.A. de C.V. (ProDeMin) to carry out an examination of the mine and to prepare this report. At the present time the Project is an early stage Exploration Project and there are no resources or reserves defined at the Property. This Technical Report is an accurate representation of the status and geologic potential of the Cervantes Project based on the information available to the author and a site visit on July 26 and 27, 2016. Work recommended herein was planned by and will be supervised by a Qualified Person(s) as defined by NI-43-101. The author, P. Craig Gibson, a Certified Professional Geologist of the American Institute of Professional Geologists and Qualified Person under NI43-101 requirements is responsible for this Technical Report. The author was accompanied by Mr. Joey Wilkins, President and CEO of Aztec, during the site visit for this Technical Report completed on July 26 and 27, 2016 during which seven samples for audit were taken. Azmet has entered into an agreement to acquire up to a 100% interest in certain mineral rights and concessions that make up the Cervantes Property (Table 1.1). The details of the agreement have been reviewed by the author during the writing of this technical report, but an exhaustive legal investigation was not undertaken. | |
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