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Toachi Mining Inc.
Summary
| Project: | La Plata | |
|---|---|---|
| Deposit: | La Plata | |
| Location: | Ecuador | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 7/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-7-2017: Toachi Mining Inc. announces an Exploration/Drilling Update report for its La Plata deposit at the La Plata project. Drilling results incl. 9.36m @ 6.83g/t Au, 59.1g/t Ag, 3.89% Cu, 0.80% Pb, 7.71% Zn from 80.77m. Toronto, Ontario – July 10, 20 | |
| Resources: | (historic estimate only) | |
| CP/QP: | [Overall Report]: Phil Fox (Not stated) | |
| ABSTRACT: | Toronto, Ontario – July 10, 2017 – Toachi Mining Inc., (“Toachi” or the “Company”) (TSX-V: TIM) is pleased to announce results from on-going drilling at its La Plata gold-rich volcanogenic massive sulphide (“VMS”) project in Ecuador. The drill program, which began in August 2016, is designed to validate the historic drilling database at the La Plata project. The drilling program is also intended to infill and expand known resources in the main La Mina VMS lenses leading to the completion of a National Instrument 43- 101 resource estimate later this year. Holes CMLP-17-65 and 68 are on the same section and were successful in extending mineralization on the eastern flank of the La Mina north zone lenses. Hole CMLP-17-63 was also completed on the same section and intersected mineralization just below the former mine underground workings. Hole CMLP-17-66 was completed on the next section 30 m to the north and was successful in extending mineralization another 30 m toward the west. This hole intersected zinc-enriched sulphides with high grade values of 13.58% zinc over 10.22 m along with corresponding high gold and copper values. Work on a maiden 43-101 resource estimate study has begun and is being supervised by Brian Wolfe of International Resource Solutions PTY Ltd., of Perth, Australia. Mr. Wolfe has been to the La Plata project site and is working closely with Toachi’s geological staff in preparing the resource estimate and technical report. | |
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