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: | 10/26/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-10-2016: Toachi Mining Inc. announces an Exploration/Drilling Update report for its La Plata deposit at the La Plata project. Drilling results incl. 12.7m @ 4.04g/t Au, 51g/t Ag, 0.56% Cu, 0.90% Pb, 9.18% Zn from 253.3m. Toronto, Ontario – October 26, | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Phil Fox (Not stated) | |
| ABSTRACT: | Toronto, Ontario – October 26, 2016 – Toachi Mining Inc., (“Toachi” or the “Company”) (TSX-V: TIM) is pleased to announce results from on-going drilling from a first phase drilling program at its La Plata gold-rich volcanogenic massive sulphide (“VMS”) project in Ecuador. The drill results above 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. Hole CMLP-16-03 intersected the southern portion of the main VMS deposit over a width of 3.7 m, which is typical of the range of drill intercepts in the historic data base. The high grade VMS zone is within a wider 12.7-m zinc-rich disseminated zone grading 9.18% zinc and 4.04 g/t gold. “Assays from hole three including 10 grams gold and almost 30% zinc, are some of the highest grading drill results we have seen from the project to date and underscore our belief that the La Plata VMS project has considerable potential to develop into a robust project,” Nick Tintor, President and CEO said. “As a result of this work and our growing understanding of the exploration potential, we plan to accelerate our field program with a second drill rig,” he added. | |
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