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Toachi Mining Inc.
Summary
| Project: | La Plata | |
|---|---|---|
| Deposit: | La Plata | |
| Location: | Ecuador | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 1/9/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-1-2017: Toachi Mining Inc. announces an Exploration/Drilling Update report for its La Plata deposit at the La Plata project. Drill results incl. 15.89m @ 7.63g/t Au, 49.74g/t Ag, 2.40% Cu, 0.97% Pb, 11.82% Zn from 135.57m. Toronto, Ontario – January 9, | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Phil Fox (Not stated) | |
| ABSTRACT: | Toronto, Ontario – January 9, 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 intended to infill and expand known resources in the main La Mina VMS lenses leading to the completion of a National Instrument 43- 101 compliant resource estimate in 2017. “Our drilling is continuing to outline high grade mineralization at La Plata. Testing the potential for outlining high grade near surface mineralization amenable to open pit mining, will be one of our objectives for the coming year,” Nick Tintor, President and CEO said. Hole CMLP-16-20 was collared to test for near surface mineralization in the area of the former open pit mine at La Mina which saw small scale mining from 1975-1981. This hole is part of a group of eight drill holes designed to follow up results from hole CMLP-16-04, which was reported earlier. (See Toachi Mining Press Release dated October 26, 2016). 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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