Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
Cours Or & Argent

Toachi Mining Inc.

Publié le 11 octobre 2017

Toachi Mining Inc. Intersects 13.91 m grading 3.51 g/t Au, 64.24 g/t Ag, 0.59% Cu, 4.11% Zn and 0.85% Pb at the Gold-Rich La Plata VMS Project in Ecuador

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   9/11 | Canada | Change | Copper | Exploration | Report | Zinc |

Toachi Mining Inc. Intersects 13.91 m grading 3.51 g/t Au, 64.24 g/t Ag, 0.59% Cu, 4.11% Zn and 0.85% Pb at the Gold-Rich La Plata VMS Project in Ecuador

Drill SectionClick here for high-resolution version

TORONTO, ON--(Marketwired - October 11, 2017) - Toachi Mining Inc., ("Toachi" or the "Company") (TSX VENTURE: TIM) is pleased to announce results from on-going drilling at its La Plata gold-rich volcanogenic massive sulphide ("VMS") project, located 100 kilometres southwest of Quito, Ecuador.

Program Highlights

  • Hole CMLP-17-93 intersected 13.91 metres (m) of massive and disseminated sulphide mineralization grading 3.51 grams per tonne (g/t) gold, 64.24 g/t silver, 0.59% copper, 4.11% zinc, and 0.85% lead from 339.43 m in the La Mina South zone of the La Mina deposit.

Drilling Highlights

Hole (93) From (m) To (m) m Au (g/t) Ag (g/t) Cu (%) Pb (%) Zn (%)
CMLP-17-93 339.43 353.34 13.91 3.51 64.24 0.59 0.85 4.11

Core widths in CMLP-17-93 are not considered to be true widths. Gold assay composites were calculated using uncut assays.

A complete list of all intersections is available in Table 1 below along with a drill hole cross-section and plan map.

Program Results

The drill program began in August 2016 continued after the recently completed National Instrument 43-101 resource estimate, is designed to extend known mineralization within the resource area, and around the peripheries of the known mineralized corridor.

Complete details for the National Instrument 43-101 resource estimate are available in our press release dated September 13, 2017 and available on our website at www.toachimining.com or on SEDAR at www.sedar.com.

Hole CMLP-17-93 was completed in the northern portion of the La Mina South block, targeting the depth extension of the known VMS mineralization on the eastern flank. Hole CMLP-17-93 was successful in extending mineralization approximately 30 m down dip, and still remains open at depth.

Jonathan Goodman, President & CEO, stated, "While the overall grade of hole 93 is slightly below the average resource grade, this shows that the mineralization extends beyond the resource shells."

La Plata Deposit Geology

Gold-bearing sulphide mineralization at La Plata occurs as compositional banding composed of chalcopyrite, sphalerite, and pyrite laminae with barite occurring as clasts and also as thin layers.

Base and precious metal mineralization at La Plata is interpreted to have formed as part of multiple volcanic episodes that created a stacked volcanic-exhalite hydrothermal sequence which is considered favorable for hosting multiple VMS lenses.

Examples of this exclusive group of gold-rich VMS camps include Rouyn-Noranda, Doyon-Bousquet-LaRonde, and the Flin Flon camps in Canada.

Toachi's exploration staff has identified more than 14 discrete exploration targets across the property concessions which extend for more than 9 kilometres, attesting to the potential of this emerging district.

Within the resource area, 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. For a 3-D graphic of the wireframed zones, please visit our website at www.toachimining.com and to review our latest presentation. To date, Toachi has completed 13,747 m of drilling on the La Plata project, mainly on the La Mina deposit.

The La Plata Project

Toachi entered into an option agreement with a private Ecuadorian company to earn between a 60% to 75% interest in the La Plata gold-copper-silver-zinc VMS project, located 100 km south of Quito, Ecuador.

For complete terms of the transaction, please see our press release dated February 11, 2016 which is available on our website at www.toachimining.com or on www.sedar.com.

La Plata is a gold-rich volcanogenic massive sulphide deposit which was the subject of small scale mining from both an open pit and underground workings from 1975-1981.

From 1996 to 1998, Cambior Inc., a Canadian mining company, completed 8,628 metres of drilling and a preliminary resource estimate totaling 840,000 tonnes grading 4.8 grams gold per tonne, 4.1% copper, 54.4 grams silver per tonne and 0.7% lead and 4.2% zinc per tonne in 1999, according to a report completed by AMEC Foster Wheeler, a mining consulting firm, in March 2015.

Following a drill program by Cornerstone Capital Resources Inc., which included 5,933 metres of drilling from 2006-2009, a revised mineral resource estimate totaling 913,977 tonnes grading 8.01 grams gold per tonne, 88.3 grams silver per tonne, 5.01% copper, 6.71% zinc and 0.78% lead per tonne in the inferred category was completed.

The resource estimates described above are historical estimates as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects S.2.4 ("NI 43-101").

Toachi has not completed the work required to independently analyze and verify the results of the previous operators nor has a qualified person completed sufficient work to classify the estimates as current mineral resources or mineral reserves. With respect to the Cambior estimate, the Company is also not aware of what categories were used in the estimate. As a result, Toachi is not treating these estimates as current mineral resources or mineral reserves.

The Company believes these historic results provide an indication of the potential of the property and are relevant from an on-going exploration perspective.

QA/QC Sampling and Core Sampling Protocols

Before sampling, a centreline, representing bottom of hole (or a reference line when this is not known) is marked on the drill core. The core is cut and sampled, always sampling the right-hand side of the drill core. Samples are selected based on logged geological features, such as rock type, mineralization, alteration, veining etc. Sample length does not exceed 1.2 m nor is smaller than 20 cm. In areas of similar geological characteristics, sample length is, in general, 1 m.

A total of 10% of the samples submitted are certified blanks and standards and field duplicates with, as a minimum, one blank submitted at the beginning of each sample batch. Certified standards are submitted at an average of 6% of the samples submitted. Field duplicates are taken at a rate of 1 in 20 of the samples taken.

Drill hole analysis was completed by MS Analytical in Canada.

Analysis was completed by MS Analytical in Canada with preparation performed by Ecuadorian partner, LAC y Asociados. Both LAC y Asociados and MSA are ISO 9001:2008 registered companies. MS Analytical also meets the requirements as outlined in ISO/IEC 17025.

Qualified Person

Phil Fox, MAIG, a Qualified Person as defined by NI 43-101, has reviewed and approved the contents of this press release.

About Toachi Mining Inc.

Toachi brings a disciplined and veteran team of project managers together with a high grade gold-copper-silver-zinc project at La Plata in Ecuador. Toachi is focused on and committed to the development of advanced stage mineral projects throughout the Americas using industry best practices combined with a strong social license from local communities. Toachi Mining has 60,966,435 shares issued and outstanding.

Forward Looking Statements

Certain statements contained in this news release may constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains regulatory approval. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, that occurrences such as those referred to above are realized and result in delays, or cessation in planned work, that the Company's financial condition and development plans change, and delays in regulatory approval, as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Table 1
La Mina Drill Results

Drill Hole From (m) To (m) m Au (g/t) Ag (g/t) Cu (%) Pb (%) Zn (%)
CMLP-17-93 339.43 353.34 13.91 3.51 64.24 0.59 0.85 4.11

Image Available: http://www.marketwire.com/library/MwGo/2017/10/11/11G146450/Images/DrillSection-c5d44f51047c8b36878f62e818aef6ec.jpg
Image Available: http://www.marketwire.com/library/MwGo/2017/10/11/11G146450/Images/planmap-445b8f25ccceb5879ac7fe956ef7fbba.jpg

Lire la suite de l'article sur https:
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Toachi Mining Inc.

CODE : TIM.V
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs

Toachi Mining Inc. est une société basée au Canada.

Toachi Mining Inc. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 2,1 millions CA$ (1,6 millions US$, 1,5 millions €).

La valeur de son action a atteint son plus haut niveau récent le 23 décembre 2011 à 2,25 CA$, et son plus bas niveau récent le 18 mars 2016 à 0,02 CA$.

Toachi Mining Inc. possède 38 349 935 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TSX-V (TIM.V)
0,055-8.33%
TSX-V
CA$ 0,055
10/09 16:59 -0,010
-8,33%
Cours préc. Ouverture
0,060 0,060
Bas haut
0,060 0,060
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  0,055 -%
Volume var. 1 mois
32 000 -%
24hGold TrendPower© : 13
Produit
Développe
Recherche
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,06 AU$+0,57%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
9,08 US$-0,87%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,59 GBX-3,26%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,05 CA$+10,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,07 CA$+0,49%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
12,75 +1,51%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,34 CA$+6,25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,18 AU$+0,00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,83 +1,10%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
40,43 US$-0,07%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$+0,00%Trend Power :
Profitez de la hausse des actions aurifères
  • Inscrivez-vous à notre market briefing minier
    hebdomadaire
  • Recevez nos rapports sur les sociétés qui nous semblent
    présenter les meilleurs potentiels
  • Abonnement GRATUIT, aucune sollicitation
  • Offre limitée, inscrivez-vous maintenant !
Accédez directement au site.