The drill rig is currently testing the first target of the program, Breccia Ethan, which was targeted based on its surface size of approximately 80 m by 100 m and encouraging surface sampling. Rock-chip samples have yielded high grade results including 4 rock chip samples over 1 g/t Au and 12 rock chip samples over 1% copper with the most notable assay returning 14.6% copper. A second mineralized breccia outcrop, located immediately north of the main Breccia Ethan outcrop, extends over a 40 m by 60 m area and will also be tested by the current drilling program (Figure 1).
During the construction of access roads, Breccia Ethan was cut at surface exposing extensive copper oxide and sulphide mineralization illustrated in Figures 1 and 2. Three trenches were then excavated and sampled with assays currently pending.
The Company intended to utilize a reverse circulation rig (“RC”), however, due to mechanical challenges, we have mobilized a high-performing diamond drill rig. This will help ensure efficient and rapid inaugural drill testing of seven high-priority targets.
Figure 1: Breccia Ethan drill site preparation showing surface expression of breccia, access roads, drill platforms and trench locations. Mineralization is exposed at surface in both access roads and trench excavations (Figure 2).
Mr.
“We are off to an excellent start for the 2023 exploration program at the
By comparison the surface expression of the main breccia outcrop exposed at Breccia Ethan is slightly larger than that of the San Francisco Breccia (approximately 80 m by 100 m for Breccia Ethan compared to 30 m by 70 m for the San Francisco Breccia). The size and strong surface mineralization illustrate the merit of Breccia Ethan being a primary target of the Company’s 2023 program designed to delineate high grade material that could be evaluated for low capex styles of extraction. Select results of the Company’s prior drilling of the San Francisco Breccia are shown in table 1.
Figure 2: Copper mineralization exposed at Breccia Ethan while preparing drill platforms.
Table 1: Selected highlight of Company drilling at the San Francisco Breccia Pipe.
Hole ID | Target | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Cu (%) | Pb (%) | Zn (%) | AuEq g/t | CuEq % |
SFDH-012 | SF BX | 12 | 121 | 109 | 4.94 | 109 | 1.13 | 0.23 | 0.06 | 8.00 | 5.49 |
SFDH-039 | SF BX | 397.7 | 470 | 72.3 | 0.71 | 100 | 3.47 | 0.31 | 0.69 | 7.07 | 4.85 |
SFDH-038 | SF BX | 0 | 81 | 81 | 2.33 | 63.94 | 0.23 | 0.23 | 0.38 | 3.50 | 2.40 |
SFDH-011 | SF BX | 25 | 108 | 83 | 4.4 | 82 | 0.43 | 0.74 | 0.52 | 6.09 | 4.18 |
SFDH-011 | SF BX | 27 | 68 | 41 | 7.03 | 91 | 0.51 | 0.23 | 0.02 | 8.96 | 6.14 |
*Intersections are not true widths and additional drilling and geological modelling of the mineralised zones in the breccia pipes is required to determine the true widths of the drill hole intersections. Intersections are selected based on a 0.5 g/t Au or 0.3% Cu cut-off grade, a minimum downhole length of 2m and a maximum waste inclusion of 2 consecutive meters. Equivalent gold (AuEq) and equivalent copper (CuEq) values are calculated assuming 100% recovery using
Drilling activities are being supported from
Mr.
“San Juan is now the top-rated jurisdiction in
https://www.fraserinstitute.org/sites/default/files/annual-survey-of-mining-companies-2022.pdf
Resignation of Director and Officer
The Company also announces the resignation of Mr.
About
The 40,340 ha
Turmalina has developed an operational centre in the town of
Turmalina has several option agreements to acquire 100% of certain titles of the SFDLA project and a right to explore and exploit other titles from the government of San Juan.
On Behalf of the Company,
Mr.
Website: turmalinametals.com
Address: #488 - 1090 West Georgia St,
For Investor Relations enquiries, please contact Highland Contact at +1 833 923 3334 (toll free) or via info@turmalinametals.com.
Statements
About
Qualified Person: The scientific, technical and analytical data contained in this news release pertaining to the
Forward Looking Statement: This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks (including those risk factors identified in the Corporation’s prospectus dated
Photos accompanying this announcement are available at
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Figure 1
Breccia Ethan drill site preparation showing surface expression of breccia, access roads, drill platforms and trench locations. Mineralization is exposed at surface in both access roads and trench excavations (Figure 2).
Figure 2
Copper mineralization exposed at Breccia Ethan while preparing drill platforms.
2023 GlobeNewswire, Inc., source