Azteca News

Azteca Gold announces diamond core drilling underway at Two Mile

Calgary, Alberta – Matthew Russell, President of Azteca Gold Corp. ("Azteca" or the "Company") is pleased to provide the following exploration and corporate update.

Drilling at DDH-009 is Underway
The drill contractor has completed the mobilization of a third LF-90 diamond core drill to the Two Mile Project site in the Silver Valley of Idaho.  Hole DDH-009 has been collared at 2860 FT elevation above Mean Sea Level, at Northing 5264772 and Easting 577233, and as of 9:00 PM on July 18th it had reached a depth of 830 feet.  Cemented casing was set to 60 feet, and the hole is within acceptable tolerance to planned dip and strike.

Qualified Person for the Two Mile Project Dick Nanna, who is also on the Board of Azteca Gold, explained, “We are excited to drill hole DDH-009 for a number of reasons, and much work and study has gone into its preparation. As mentioned in the July 2nd press release, this drill campaign is designed to test for mineralization which may have been concentrated within the central hinge of the Two Mile Anticline, including up-dip from our initial discovery at DDH-005A. This hole, which is being drilled from within the presumed apex of the Two Mile Anticline, may intersect several zones of interest including those in the upper third of the hole associated with the lower Burk metasediments.”

Corporate Update
The Company has made applications for regulatory approvals for the previously announced debt settlement and agreement to purchase the half interest in the Two Mile Project not currently owned by Azteca.

The technical and scientific information contained in this news release has been reviewed by the Company’s QP Richard Nanna, who is also a director of the Company.

For further information, please contact:

Jon Slizza, VP of Finance and Investor Relations

Cell: 1-509-981-2020
Email: info@azteca-au.com  

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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 by either the Company or its joint venture partner.  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.

NOT FOR DISTRIBUTION TO OR FOR DISSEMINATION IN THE UNITED STATES.

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