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Toachi Mining Inc.
Summary
| Project: | La Plata | |
|---|---|---|
| Deposit: | La Plata | |
| Location: | Ecuador | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 9/13/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-9-2017: Toachi Mining Inc. announces a Resource Estimation report for its La Plata deposit at the La Plata project. Initial mineral resource estimate for the La Plata VMS project. Toronto, Ontario – September 13, 2017 – Toachi Mining Inc., (“Toachi” or | |
| Resources: | (Resource, Inf.): 1.9Mt @ 4.1g/t Au, 49.4g/t Ag, 3.3% Cu, 0.6% Pb, 4.5% Zn at project | |
| CP/QP: | [Resources]: Brian Wolfe (International Resource Solutions Pty Ltd.) | |
| ABSTRACT: | Toronto, Ontario – September 13, 2017 – Toachi Mining Inc., (“Toachi” or the “Company”) (TSXV: TIM) is pleased to report the results of its maiden resource estimate completed for the La Plata gold-rich volcanogenic massive sulphide (“VMS”) project, located 85 kilometres southwest of Quito, Ecuador. Jonathan Goodman, President & CEO of Toachi stated, “We are very happy with the results of our initial resource calculation at La Plata and it continues to exceed our internal expectations.” The effective date for this mineral resource estimate is September 1, 2017. The mineral resource is reported at a range of in-situ gold-equivalent cut off grades, given the polymetallic nature of the La Plata deposit . Preliminary metallurgical testwork has indicated that conventional flotation has resulted in very high total metal recoveries into three concentrates (copper-lead, zinc and pyrite). As such, the insitu metal grades have been used to produce a gold-equivalent cut off grade for block model reporting purposes. Grind size optimization during metallurgical testwork suggests that finer grinding assists in targeting particular metals into the different concentrates. Further metallurgical sample collection and testwork is planned. The La Mina geological model has been developed using Micromine, Vulcan and Isatis software based on available geological data from 126 diamond drill holes totaling 28,308 meters completed to August 2017. | |
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