Bocana Resources Corp. Completes Approximately 500 metres of Diamond Drill Testing at the Escala Project in Bolivia
Bocana Resources Corp. Completes Approximately 500 metres of
Diamond Drill Testing at the Escala Project in Bolivia
Calgary, September 28, 2023 – Bocana Resources Corp. (TSXV: BOCA) (Frankfurt: VC1) ("Bocana"
or the " Company") is pleased to announce the completion of the first two of nine proposed
diamond drill holes on the Escala area concession in south-west Bolivia. The Company's inaugural
drilling of both NQ and HQ size cores is expected to take another three weeks to complete the
proposed 2,000 metre program.
Lithologies Observed
The two completed holes tested the southern flank of a large, induced polarization chargeability
anomaly that is interpolated to be related to a mineralized near surface porphyry system called
Cerro Galapagos. Hydrothermal and intrusion breccias hosted within a dacitic porphyry have
been observed. Fracture controlled sulphides, mainly pyrite and minor arsenopyrites as well as
magnetite, have also been noted.
Core Sampling Protocols
All drill core samples will be collected under the supervision of Company employees. Drill cores
are transported from the drill platform to the camp’s logging facility where it will be
geotechnically and geologically logged, photographed, and split by diamond saw prior to being
sampled. Samples will then be bagged, sealed, and numbered in order to maintain a chain of
custody. Company employees will also insert blank, duplicate and a certified standard sample in
each batch of twenty samples prior to transportation from the Escala area camp to the ALS Bolivia
Ltda. ("ALS") laboratory site in Oruro, Bolivia. ALS will provide Bocana with sample preparation
and analysis services at its ISO/IEC 17025 accredited facilities. The ALS unit in Oruro is ISO
9001:2008 and ISO 17025:2005 accredited and ALS has the only laboratory in South America that
has a high number of analytical methods accredited by ISO IEC 17025; the ALS laboratory also has
the sample preparation stage included in this accreditation.
“We are pleased to have to have the first two cores completed. If the drilling continues at this
pace, we would estimate completion of this portion of phase I to be within the next three to
four weeks,” commented Timothy J. Turner, Chief Executive Officer of Bocana.
Qualified Person
Mr. Lorne Warner, P.Geo., is a "Qualified Person" as defined by National Instrument 43-101. Mr.
Warner has approved the scientific and technical information included in this news release for
dissemination.
About Bocana Resources Corp.
Bocana is a mineral exploration company focused on the acquisition, exp loration, and
development of mineral properties in South America. Bocana, through its wholly owned
subsidiary, Huiracocha International Service SRL, holds a 100% working interest in the mineral
properties known as the Escala area concessions located at the Department of Potosi, Sud Lipez
Province, Bolivia as awarded by Comibol.
Contact Information
For more information on Bocana, visit: https://bocanaresources.com.
For more information or interview requests, please contact:
Timothy J. Turner – Chief Executive Officer
Forward-Looking Information
This news release contains "forward -looking information" within the meaning of applicable
securities laws. Forward -looking information can be identified by words such as: "intend",
"believe", "estimate", "expect", "may", "will", “ approximately”, “ planning”, “ projected”,
“anticipate” and similar references to future periods. Although Bocana believes that, in light of
the experience of its officers and directors, current conditions and expected future developments
and other factors that have been considered appropriate, the expectations reflected in this
forward-looking information are reasonable, undue reliance should not be placed on them
because Bocana can give no assurance that they will p rove to be correct. Forward-looking
information is subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of Bocana, as the case
may be, to be materially differe nt from those expressed or implied by such forward -looking
information, including but not limited to: general business, economic, competitive, geopolitical
and social uncertainties; the actual results of current exploration activities including Phase 1 ;
results of any sampling and any risks associated with the testing; risks associated with operation
in foreign jurisdictions; ability to successfully integrate purchased properties or mining rights
awarded; foreign operations risks; and other risks inherent i n the mining industry. Although
Bocana has attempted to identify important factors that could cause actual results to differ
materially from those contained in forward-looking information, there may be other factors that
cause results not to be as anticipated, estimated or intended. Readers are cautioned not to place
undue reliance on forward -looking information. Additional risks include those disclosed in the
Information Circular, which are incorporate herein by reference and are available through SEDAR
at www.sedar.com. The forward-looking statements contained in this news release are made as
of the date hereof, and the Company undertakes no obligation to update publicly or revise any
forward-looking statements or information, except as required by law.
This news release is not an offer of the securities for sale in the United States. The securities
described in this news release have not been registered under the U.S. Securities Act of 1933,
as amended, and may not be offered or sold in the United States or to, or for the account or
benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act of 1933, as
amended) absent registration or an exemption from registratio n. This news release shall not
constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the
securities in any state in which where such offer, solicitation or sale would be unlawful.
Neither the 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 news release.