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Project: | La Plata | |
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Deposit: | La Plata | |
Location: | Ecuador | |
Commodities: | Gold-Silver-Copper-Lead-Zinc | |
Date: | 4/25/2017 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 25-4-2017: Toachi Mining Inc. announces an Exploration/Drilling Update report for its La Plata deposit at the La Plata project. Drilling results incl. 19.26m @ 4.02g/t Au, 34.24g/t Ag, 6.53% Cu, 0.27% Pb, 5.10% Zn from 11.16m. Toachi Mining Inc., (“Toachi | |
Resources: | (historic estimate only) | |
CP/QP: | [Overall Report]: Phil Fox (Not stated) | |
ABSTRACT: | 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. Modelling of historic and current drill results by Toachi staff has delineated four discrete mineralized zones which define the La Mina North and La Mina South blocks. Nick Tintor, President and CEO, stated, “This is one of the highest grading holes we have completed at the La Plata project and further underscores the high grade and gold-rich nature of the VMS mineralization in this deposit.” See the longitudinal section below for the location of the pierce point of CMLP-17-56 in relation to historic resource blocks. A cross section and plan map with collar locations is also available at the end of this press release. Management believes the La Plata project, which is characterized by geology typical of major gold-rich VMS camps around the world, hosts excellent potential for the discovery of additional discrete VMS zones amongst the 14 exploration targets identified to date. | |
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