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News Update
Azteca
Gold Corp.: Surface Geochemical Results Reported and Layne de Mexico to
Begin 5,000m RC Drill Program at Guerra al Tirano
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October 10, 2007
Shares issued: 98,574,802
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Symbol:
TSX-V:AZG
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SPOKANE,
WASHINGTON--(Marketwire - Oct. 10, 2007) - Matthew Russell, President of
Azteca Gold Corp. (TSX VENTURE:AZG) (the "Company") announces
that the Company has completed 5 diamond drill core holes and 4 RC holes
at Guerra al Tirano (GAT) as of October 8, 2007. "M2 Technical
Services is well along on their diamond core program at Guerra al Tirano
and Layne de Mexico is moving rapidly on their 5,000m RC drilling
program," explained Russell.
First assays on the GAT diamond
drill core and RC cuttings are expected within 2 to 3 weeks.
"With the record monsoon
rains of the summer over and with Layne de Mexico drilling RC for us, we
are making rapid progress toward our objective of delineating a
gold-silver resource at Guerra al Tirano," Russell emphasized.
According to the Company's Vice President of
Exploration, John Mears, who is the qualified person for this press
release as defined by National Instrument 43-101, 2 of the 5 core holes
penetrated the GAT vein with true vein widths of 16.5 FT and 18 FT,
a third core hole was lost as it entered the vein, a fourth core hole
penetrated old workings estimated at a minimum width of 7.5 FT, and a
fifth core hole was lost in a post-mineralization fault in the hanging
wall adjacent to the vein structure. Depth of core holes ranged from 235
FT to 335 FT. 3 of the 5 core holes were extended at least 20 FT into the
footwall of the vein to determine potential for footwall mineralization
beyond the vein.
Layne de Mexico has finished 4
RC holes and these have been shipped to ALS Chemex for prepping in
Hermosillo, Sonora, Mexico and assaying in Vancouver, BC, Canada.
Multiple RC holes are being drilled at each of the diamond core hole
locations to both test the vein along strike and down dip as well as to
delineate a gold-silver resource in the hanging wall of the vein.
Marietta Project - Mineral County, Nevada
7 drill pads have been prepared
on the patented claim group at the Marietta Project in Mineral County,
Nevada. Diamond drilling is set to begin tomorrow, October 11, 2007. Two
holes will be drilled at each location: the first hole of each station at
-50 degrees to a depth of approximately 800 FT to test the gold
detachment fault geophysical and geochemical targets and a vertical hole
to a depth of at least 1200 FT to test the deeper copper intrusive
geophysical target. Geophysical targets were identified from recent work
by Quantec Geoscience USA Inc. of Reno, Nevada as described in a
September 7, 2007 press release. With
first core expected out of Marietta during the week of October 22, 2007,
first assay results are expected by the second week of November.
For further information, please
contact:
Azteca Gold Corp.
Matthew Russell,
President
Telephone: 1-509-464-0172
Email: info@azteca-au.com
Website: www.azteca-au.com
WARNING:
the Company relies upon litigation protection for "forward
looking" statements. The information in this release may contain
forward-looking information under applicable securities laws. This
forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause actual results to differ
materially from those implied by the forward-looking information. Factors
that may cause actual results to vary material include, but are not
limited to, inaccurate assumptions concerning the exploration for and
development of mineral deposits, currency fluctuations, unanticipated
operational or technical difficulties, changes in laws or regulations,
the risks of obtaining necessary licenses and permits, changes in general
economic conditions or conditions in the financial markets and the
inability to raise additional financing. Readers are cautioned not to
place undue reliance on this forward-looking information. The Company
does not assume the obligation to revise or update this forward-looking
information after the date of this release or to revise such information
to reflect the occurrence of future unanticipated events, except as may
be required under applicable securities laws.
The TSX Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of this release.