For thousands of other reports visit RSC's Mineral Intellingence Map
Toachi Mining Inc.
Summary
| Project: | La Plata | |
|---|---|---|
| Deposit: | La Plata | |
| Location: | Ecuador | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 9/19/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-9-2016: Toachi Mining Inc. announces an Exploration/Drilling Update report for its La Plata deposit at the La Plata project. Drilling results incl. 33.6m @ 1.93g/t Au, 15.2g/t Ag, 0.84% Cu, 0.80% Pb, 4.33% Zn. Toronto, Ontario – September 19, 2016 – To | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Phil Fox (Not stated) | |
| ABSTRACT: | Toronto, Ontario – September 19, 2016 – Toachi Mining Inc., (“Toachi” or the “Company”) (TSXV: TIM) is pleased to announce results from the first two holes from a first phase drilling program at its La Plata gold-rich volcanogenic massive sulphide (“VMS”) project in Ecuador. Hole CMLP-16-01 intersected 6.7 metres (m) of massive sulphide mineralization grading 6.42 grams per tonne (g/t) gold, 40.1 g/t silver, 2.08% copper, 1.54% lead and 8.96% zinc from 453.4 m. The intersection confirms the gold-rich nature of the La Plata VMS polymetallic deposit. Hole CMLP-16-01 was drilled 15 m below an historic drill hole which intersected 8.9 m grading 31.7 g/t gold, 280 g/t silver, 5.86% copper and 18.1% zinc in 2006. A wide lead-zinc-rich disseminated zone, which could have positive implications with respect to the ultimate deposit tonnage and future mine plan design, occurs directly below the massive sulphide zone in hole CMLP-16-01. The combined VMS and disseminated lead-zinc rich zone returned grades of 1.93 g/t gold, 15.2 g/t silver, 0.84% copper, 0.80% lead and 4.33% zinc across 33.6 m. The drill results above are from the initial two diamond drill holes which form part of a first phase, 4,000-m drill program which began in August and is designed to validate the historic drilling database at the La Plata project. The drilling program is intended to infill and expand known resources in the main La Mina VMS lens leading to the completion of a National Instrument 43-101 compliant resource estimate later next year. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report