Azteca Gold completed a non-brokered private placement of $550,136 by the issuance of 8,576,696 units. Each unit consisted of one common share and one common share purchase warrant entitling the holder to subscribe for one additional common share for $0.15 for a period of 2 years from closing.
Azteca Gold announced that Scintrex personnel will begin the week of September 28, 2009 a down-hole gravity survey in holes DDH-005B and DDH-006B at the company’s 50% owned Two Mile Project in the Silver Valley of Idaho.
Azteca Gold provided an update for wedge-off hole DDH-006B and hole DDH-005 at the Two Mile Project in the Silver Valley of Idaho. Current depth at the time of this release for wedge-off hole DDH-006B is approximately 10,179 FT, having progressed over 270 FT from a wedge-off depth of 9,900 FT. The diamond drill rig located at the collar of DDH-005 has been re-crewed ahead of schedule and the hole was re-entered July 10, 2009. Current depth at the time of this release is approximately 8,877 FT, having been advanced over 130 FT from the last depth of 8,744 FT reached in mid-March.
Advanced or Above