CARNAC RESOURCE OWNS 8% OF AZTEC METALS CORP.
As stated in in my revised CARNAC ANALYSIS dated 2/5/2011, an email confirmation from Greg Wilson of Carnac on 10/21/2010, states that Carnac owns 8% of Aztec Metals Corporation. Below is the profile of Aztec that he attached in his email to me.
CORPORATE PROFILE
Aztec Metals Corp. is an early-stage mineral exploration company focused on acquiring and exploring district-scale poly-metallic properties with precious metal credits in Mexico. Our goal is to create shareholder value by developing mineral projects that have the potential to become large new mineral discoveries and ultimately, profitable mines.
Aztec currently holds three district-scale exploration properties in northern Mexico totalling approximately 93,000 hectares. Two properties have now been optioned to Parallel Resources for drilling in 2010. The Company intends to advance its Viesca property as soon as possible so that it can seek a public listing in 2010.
Exploration Targets – Aztec’s business model entails “elephant-hunting” for poly-metallic mineral discoveries with precious metal credits through the acquisition and exploration of “district-scale” properties in Mexico. Two recent examples of such discoveries within 80 km of Aztec’s properties include the massive new Penasquito mine of Goldcorp (26.8 million oz gold and 1.79 billion oz silver combined reserves/resources) and the exciting new Camino Rojo discovery of Canplats Resources (4.0 million oz gold and 68 million oz silver) who were recently taken over by Goldcorp in a $238 million friendly transaction.
Initial Properties - The Company owns three early-stage, poly-metallic mineral properties in Mexico: Matehuala and Charcas West in San Luis Potosi state, and Viesca in Coahuila state.
The Matehuala property (25,000 hectares) is Aztec’s most advanced exploration project. It is attractively located only 50 km east of the recent Camino Rojo gold-silver-lead-zinc discovery of Canplats Resources in Zacatecas within the same favourable geological belt. These properties cover several small historic mines located at the junction of two major structural trends that have potential to host large, silver-gold-zinc-lead, breccia pipe orebodies (Penasquito or Camino Rojo-type) and carbonate replacement deposits (Naica or Santa Eulalia-type). Following geological mapping, rock chip sampling and geophysical IP and MAG surveys, a 1500 m drill program was initiated in May of this year.
The Charcas West property (65,900 hectares) adjoins Camino Rojo about 50 km to the south and also covers similar favourable geology. Initial prospecting surveys have been completed and multiple virgin prospect areas were discovered, including two areas of quartz float assaying up to 0.4 gpt gold, one area containing widespread argillic alteration, iron enrichment and anomalous pathfinder elements, and one area with massive sulfide potential as evidenced by outcropping, geochemically anomalous barite-chert beds.
The Viesca property (2,325 hectares) may be the most intriguing of all. It covers more than 50 small historic mine pits, shafts and workings along an 8.5 km long trend that includes three styles of mineralization: CRD-type zinc-lead-silver manto replacements in limestone; Vein-type copper in quartz-carbonate-hematite veins; and copper-silver-lead strata-bound replacements of a 10-20 m thick tuff or sandstone unit that can be traced for several kms. Sampling of the main 300 m long mine workings and dumps returned average grades of
