   | |||
Aztec Minerals Scores Bonanza Gold at TombstoneBob Moriarty As the world faces yet another meaningless war in the Middle East on behalf of Israel, gold and silver shot higher to one more of a series of record high prices. Friday January 23rd, 2026 saw gold nibble just below $5000 an ounce at $4988 just as silver blasted through $100 an ounce to close at $103.30 while the Shanghai price indicates a remarkable $111.30. In any reasonable world those prices on top of a parabolic run up would suggest a correction would be in store. However, the fact that Shanghai’s price for silver is still eight dollars higher than the Comex tells a story that China controls the price of silver and gold and they will go where they tell it. I suspect the Chinese are pissed at the US for the attacks on Venezuela and pending massacre intended on Iran. China is the real target and quite prepared to defend itself through asymmetric warfare. Even as new record high prices, the DSI fails to demand a top or even a massive correction. As of Friday, the DSI was 87 for gold and 88 for silver and platinum. It’s a great time to be an explorer for either gold or silver. Better yet, to be an explorer for both as Aztec Minerals (AZT-V) is. The company approached me recently since CEO Simon Dyakowski realized the market seemed to be taking for granted drill holes showing bonanza grade intercepts of both gold and silver. I looked at the data and I agreed so here we are. Aztec actually owns two company-making precious metals deposits, the 85% owned Tombstone silver/gold project in SE Arizona and the 100% owned Cervantes gold property in Sonora Mexico. About fifteen years back I went to visit what had been the Contention Mine just outside Tombstone Arizona back in the 1880s at the time of the Gunfight at the OK Corral in 1881. Historical records indicate the production in the district of 32 million ounces of silver and 250,000 ounces of gold with millions of tonnes of both lead and zinc from 1878 until 1939. The project consists of about 663 ha of both patented and unpatented land covering much of the historic Tombstone mining district. The market clearly does not understand the magnitude of the Tombstone project. Assay results have been superb for many years only to be met with deafening silence on the part of investors. In drill programs going back to 2020 Aztec has drilled over a dozen over 100 gram/meter holes at Tombstone. Anything over 100 g/m is superb. The hole that caught my attention was the TR25-17 assay of 5.72 g/t AuEq over 57.8 meters. In any company that would be a project making result. On top of a dozen other holes over 100 gram/meters, Aztec has a mine just waiting to be put into production. Other holes at Tombstone show 3.39 g/t AuEq over 65.5 meters, 2.20 g/t AuEq over 96 meters, 1.63 g/t AuEq over 125 meters all brilliant holes. But these brilliant results have not yet attracted the bidding of potential investors in spite of $5000 gold and above $100 an ounce silver. I think investors want to see a 43-101. I cannot guess what total resources Aztec would show at Tombstone but 1-3 million ounces of AuEq would not be out of the question. If the company would complete and release a 43-101 for Tombstone it not only would attract the attention of investors, the majors would start sniffing around. Trump has indicated he wants to drag the US economy back into mining, especially high-grade silver. Results from Mexico at the Cervantes property indicate a high-grade gold rich porphyry with ten holes assaying over 100 gram/meter holes including 137 meters of 1.49 g/t Au, 165 meters of 1.0 g/t Au, 152 meters of 0.87 g/t Au and 160 meters of 0.77 g/t gold. As of January 2026, the company shows 32.3 million warrants outstanding at an average price of $.24 along with 12.7 million options with an average exercise price of $.22. With $8.5 million in cash in the bank and a potential additional $10 million from exercise of warrants and options, AZT is especially well positioned for advancing both projects in the next couple of years without any need to go to the market in a private placement. Aztec should spend some time updating their website. Some of the pages are well out of date and it is not clear what carrots the company intends to dangle in front of investors. When I go to a mining website I want to see where they are going. That is far more important than where they have been. AZT is a perfect example of how investors will simply skip over brilliant results if the story is not clearly told. I know the industry and I found it hard to understand. But holes like TR25-17 are so simple to understand that they scream “buy me, buy me.” Aztec is absurdly cheap given the high quality of their two company-making projects and record high prices for both gold and silver at the same time. Aztec is an advertiser. Do your own due diligence. Do read the short but very well written presentation. Aztec Minerals Corp ### Bob Moriarty 321gold Ltd |
Copyright ©2001-2026 321gold Ltd. All Rights Reserved