Tuesday 30th March, 2021 Drilling at SFdLA Continues to Intersect High Grade Mineralisation, including 4.2m at 8.3% Cu, 1.8 g/t Au and 743 g/t Ag (16% CuEq)
News Release
TSXV: TBX
www.turmalinametals.com
Tuesday 30th March, 2021
Drilling at SFdLA Continues to Intersect High Grade Mineralisation,
including 4.2m at 8.3% Cu, 1.8 g/t Au and 743 g/t Ag (16% CuEq)
Vancouver, BC - Turmalina Metals Corp. (“ Turmalina”, or the “ Company”; TBX-TSXV, TBXXF-OTCQX) is
pleased to announce that recent Phase 3 deep drilling at the San Francisco project (“San Francisco” or the
“Project”) on the San Francisco de Los Andes (“ SFdLA”) breccia pipe has continued to extend zones of
high-grade copper-gold-silver mineralisation while shallower drilling has also returned multiple intercepts
of high-grade copper-gold-silver mineralisation.
Phase 3 drilling at SFdLA follows up high -grade mineralisation reported at depth in drill hole SFDH -039
(see Turmalina Metals press release dated 25th January 2021), with Holes SFDH-042 and SFDH-043 being
the first holes of an east-west orientated long-section below Phase 2 drilling (Figure 1).
SFDH-043 tested the base of drilling at the eastern lobe and the deeper western boundary of the breccia
pipe and intersected:
• 35m @ 1.99% Cu, 0.79 g/t Au & 150 g/t Ag (6.3 g/t EqAu; 3.8% CuEq) from 109m.
o including 4.2m @ 8.35% Cu, 1.84 g/t Au & 743 g/t Ag (26.7 g/t EqAu; 16.0% EqCu) from
110.8m
• 46m @ 0.37% Cu, 0.55 g/t Au & 32 g/t Ag (1.6 g/t EqAu; 1.0% EqCu) from 157m
o including 20m @ 0.42% Cu, 1.09 g/t Au & 49 g/t Ag (2.5 g/t EqAu; 1.5% EqCu) from 157m
SFDH-042 tested the full length of the breccia pipe along its long-axis below previous drilling, and shows
that the breccia pipe is widening at depth, with intersections in a new western extension including:
• 11m @ 1.28% Cu, 0.13g/t Au & 102 g/t Ag (3.8 g/t AuEq; 2.3% CuEq) from 161m
• 19m @ 0.95% Cu, 0.41 g/t Au & 31 g/t Ag (2.5 g/t AuEq; 1.5% CuEq) from 251m
o Including 8m @ 1.44% Cu, 0.80 g/t Au & 46 g/t Ag (3.9 g/t AuEq; 2.3% CuEq) from 251m
Examples of the breccia-hosted mineralisation are illustrated in Figures 2 and 3.
In addition to the results of current Phase 3 drilling all remaining assays have been returned for shallower
Phase 2 holes drilled in late 2020. Drill holes SFDH-038 and SFDH-041 returned multiple intervals of near
surface oxide mineralisation including 30m @ 4.88 g/t Au, 149 g/t Ag & 0.50% Cu (7.9 g/t AuEq; 4.7%
CuEq; SFDH-038 from 30m) and 9.6 m @ 5.26 g/t Au, 31 g/t Ag & 0.19% Cu (6.0 g/t EqAu; 3.62 % EqCu;
SFDH-041 from 49m (Figures 4 and 6). SFDH-040 tested hypogene gold-copper-silver mineralization below
the oxide zone and intersected 18m @ 0.30% Cu, 0.59 g/t Au & 51 g/t Ag (1.8 g/t AuEq; 1.1% CuEq) from
120m (Figure 5).
Further intersections are reported in Table 1: Intersections are not true widths and additional drilling and
geological modelling of the mineralised zones in the breccia pipes is required to make a determination of
the true widths of the drill hole intersections. Drill hole coordinates are shown in Table 2.
News Release
TSXV: TBX
www.turmalinametals.com
Dr. Rohan Wolfe, Chief Executive Officer, states:
“These are exciting results from our initial phase 3 drilling, as we begin systematically
exploring the deeper parts of the system. The initial deep drilling along the main long-
axis of the SFdLA breccia pipe indicate that the breccia is expanding with depth, with
drill hole 42 intersecting a new extension to mineralisation to the west, while hole 43
has returned incredible grades from the base of the eastern lobe.
In conjunction with the cross-sections that we are currently drilling this initial phase 3
exploration program will allow us to define the geometry of the breccia below previous
drilling and allow us to target high-grade mineralised zones within the breccia.”
Work at the San Francisco project is currently focused on the summer field program with the recent
completion of a project -wide mapping campaign leading to detailed sampling of several high -priority
breccia pipes. One drill rig is currently drilling a number of north-south orientated cross-sections at the
SFdLA breccia pipe to determine the width of the pipe at depth.
On completion of the field program we expect to expand drilling with a second rig that will commence
drilling at the start of the winter drilling season in 1-2 months. As the deeper holes that are currently
underway take longer to complete than the phase 2 holes drilled in 2020 the reporting of drilling results
may take longer than the turn around of results seen in 2020.
In addition to the above holes at SFdLA samples from a previously unassayed interval at Hole SFDH-016
at the Chorrillos prospect , located 4 km north of SFdLA , returned 26 m @ 0.13% Cu (from 116 m )
associated with fine-grained disseminated, veinlet and vein chalcopyrite mineralisation hosted within a
porphyry dyke (Figure 8). The nature and exploration implications of this porphyry -hosted copper
mineralisation are currently being assessed. The Company has also received assay results for SFdH -036,
which tested the Solita breccia pipe, located 3 km to the west of SFdLA. The hole intersected a pyrite-rich
tourmaline breccia that returned anomalous gold and silver grades (i.e. 21m @ 0.09 g/t Au & 16 g/t Ag)
but no economic intersections.
Other Projects
The Company aims to build a portfolio of advanced gold-copper exploration projects, with a focus on high-
grade tourmaline breccias with drill -ready targets. To achieve this the Company has entered into an
agreement to explore the Chanape copper-gold project located in the Lima District in Peru (the ‘Chanape
Project’). Following the signing of an exploration permit with the local community earlier this year the
Company is has please to re port it has commenced repairing and upgrading the access road to the
Chanape Project, in preparation for the commencement of field work.
COVID-19
News Release
TSXV: TBX
www.turmalinametals.com
Approximately 22,000 cases of COVID-19 have now been recorded in the state of San Juan, with a current
rate of approximately 100 new cases a day. In the past week five cases of COVID-19 were detected in local
workers at the San Francisco project, the first cases at the project since the start of the pandemic. These
workers are in isolation in the nearby town of Caling asta. Regular and ongoing t esting of all staff and
contractors at the project have not detected any further cases.
To minimize the risk of COVID-19 transmission to our team and the community, the Company has applied
rigorous protocols throughout the program. These protocols have been approved by the authorities of
the province of San Juan, and both Turmalina Metals and local subsidiary Aurora Mining maintain close
contact with the local authorities in order to comply with all regulations. These procedures include regular
testing, maintaining social distancing, improved hygiene, health screening of all staff and contract ors,
longer rosters at our remote field camp and an onsite medical professional to monitor health and ensure
procedures are followed.
About the San Francisco Project
The 3404 ha San Francisco project is located in San Juan, Argentina. The project area con tains over 60
tourmaline breccia occurrences, several of which have supported small -scale mining. The Company is
focused on mapping and sampling the breccias in the project area, and drill testing the highest priority
targets.
Hole ID From To Interval Au (g/t) Ag (g/t) Cu (%) Pb (%) Zn (%) AuEq g/t CuEq %
SFDH-016 30 61.7 31.7 0.00 3.70 0.17 0.17 0.04 0.34 0.20
SFDH-038 0 81 81 2.33 63.94 0.23 0.23 0.38 3.65 2.19
including 30 61.7 31.7 4.88 149.31 0.50 0.85 0.06 7.91 4.74
SFDH-040 120 192 72 0.40 41.87 0.21 0.43 0.53 1.37 0.82
including 120 138 18 0.59 51.45 0.30 0.50 0.68 1.85 1.11
including 174 179 5 0.90 119.80 0.47 0.53 0.36 3.45 2.07
SFDH-041 18 58.6 40.6 2.10 11.92 0.09 0.05 0.00 2.43 1.46
including 18 36 18 1.77 9.12 0.09 0.07 0.01 2.05 1.23
including 49 58.6 9.6 5.26 31.01 0.19 0.07 0.00 6.03 3.62
SFDH-042 112 117 5 0.09 34.76 0.50 0.14 0.12 1.44 0.86
SFDH-042 158 180 22 0.13 53.89 0.75 0.03 0.13 2.17 1.30
Including 158 171 13 0.19 87.11 1.00 0.04 0.18 3.14 1.88
SFDH-042 185 192 7 18.00 0.69 0.20 0.87 1.42 0.85
SFDH-042 197 204 7 21.69 0.50 0.03 0.05 1.15 0.69
SFDH-042 250 301 51 0.21 17.62 0.57 0.12 0.48 1.42 0.85
Including 251 270 19 0.41 31.01 0.95 0.22 1.03 2.45 1.47
Including 251 259 8 0.80 46.36 1.44 0.45 1.20 3.88 2.33
Including 296 301 5 16.86 1.09 0.12 0.03 2.07 1.24
News Release
TSXV: TBX
www.turmalinametals.com
SFDH-042 474.2 491 16.9 5.36 0.17 0.03 0.18 0.36 0.22
SFDH-042 505 527 22 0.13 19.13 0.29 0.15 0.75 0.90 0.54
SFDH-042 541.1 545.8 4.7 38.54 1.22 0.04 0.21 2.60 1.56
SFDH-043 109 144 35 0.79 150.03 1.99 0.32 0.17 6.32 3.79
including 109 127 18 1.24 282.87 3.57 0.59 0.28 11.35 6.81
including 110.8 115 4.2 1.84 743 8.35 1.53 0.66 26.69 16.00
including 130 135 5 0.73 14.40 0.36 0.04 0.08 1.54 0.92
SFDH-043 157 203 46 0.55 32.02 0.37 0.35 0.25 1.64 0.98
including 157 177 20 1.09 48.60 0.42 0.30 0.06 2.51 1.50
SFDH-043 275 307 32 0.15 0.01 0.02 0.25 0.15
Table 1: Phase 2 and Phase 3 drill hole intersections at the San Francisco de Los Andes breccia pipe. 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 USD$ 1700/t oz Au, $25/t oz Ag and $4.0/lb Cu. SFDH-036 (Solita Breccia)
returned no economic intersections.
On Behalf of the Company,
Dr. Rohan Wolfe, Chief Executive Officer and Director.
Website: turmalinametals.com
Address: #488 - 1090 West Georgia St, Vancouver, BC V6E 3V7.
For Investor Relations enquiries, please contact Bryan Slusarchuk at +1 833 923 3334 (toll free) or via
Statements
About Turmalina Metals and the San Francisco Project: Turmalina Metals is a TSXV -listed exploration company
focused on developing our portfolio of high grade gold -copper-silver projects in South America. Our focus is on
tourmaline breccias, a deposit style overlooked by many explorers. Turmalina Metals is led by a team responsible
for multiple gold -copper-silver discoveries who are highly experienced in this deposit style. Our projects are
characterised by open high-grade mineralization on established mining licenses that present compelling drill targets.
The principle project held by Turmalina is the San Francisco project in San Juan, Argentina. For further information
on the San Francisco Project, refer to the technical report entitled “NI43-101 Technical Report San Francisco Copper
Gold Project, San Juan Province, Arg entina” dated November 17, 2019 under the Corporation’s profile at
www.sedar.com.
Sampling and Analytic procedure: Turmalina Metals follows systematic sampling and analytical protocols which
exceed industry standards and are summarized below.
All drill holes are PQ, HQ or NQ diameter diamond core holes. Drill core is collected at the drill site and transported
by vehicle to the Turmalina core logging facility in Villa Nueva, where recovery and RQD (Rock Quality Designation)
News Release
TSXV: TBX
www.turmalinametals.com
measurements are taken before the core is photographed and geologically logged. The core is then cut in half with
a diamond saw blade with half t he sample retained in the core box for future reference and the other half placed
into a pre-labelled plastic bag, sealed with a plastic zip tie, and identified with a unique sample number. The core is
typically sampled over a 1 to 2 meter sample interval unless the geologist determines the presence of an important
geological contact. The bagged samples are then stored in a secure area pending shipment to the ALS sample
preparation facility in Mendoza where they are dried, crushed and pulverized. Following sample preparation the
prepared pulps are then sent to the ALS laboratory in Lima for assay. The samples are then analyzed using a 50g
aqua regia digest and fire assay-AA finish analysis for gold and four acid digestion with ICP -MS analysis for 53 other
elements. Samples with results that exceed maximum detection values for gold are re -analyzed by fire assay with a
gravimetric finish and other elements of interest are re -analyzed using precise ore-grade ICP analytical techniques.
Turmalina Metals independe ntly inserts certified control standards, coarse field blanks, and duplicates into the
sample stream to monitor data quality. These standards are inserted “blindly” to the laboratory in the sample
sequence prior to departure from the Turmalina Metals core storage facilities.
Qualified Person: The scientific and technical data contained in this news release pertaining to the San Francisco
and Turmalina projects has been reviewed and approved by Dr. Rohan Wolfe, Chief Executive Officer, MAIG, who
serves as the Qualified Person (QP) under the definition of National Instrument 43 -101.
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 th at 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. Forwa rd-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 November 21, 2019) and uncertainties and other factors that could cause actual events or results
to differ materially from those projected in the forward-looking statements. The Corporation is under no obligation,
and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as
a result of new information, future events or otherwise, except as expressly required by applicable law.
There is no assurance when the government-imposed measures related to COVID-19 in Argentina will be lifted. There
is uncertainty over the form and duration of government measures and multiple policy changes may occur with
regards to these measures over time. The Company may not provide updates on various government measures and
changes to these measures as they occur. Protocols related to COVID-19, and the effects of the pandemic on service
providers located throughout South America, may lead to delays in the future reporting of results.
News Release
TSXV: TBX
www.turmalinametals.com
Figure 1 – Drill hole SFDH -042 and SFDH -043 cross-section. SFDH-042 and SFDH -043 were designed to test the
length of the SFdLA breccia pipe along its long axis, locate mineralisation on the pipes margins, and define the nature
of the lower grade breccia core. This d rilling indicates the pipe is increasing in size with depth, with shallow
mineralisation intersected in SFDH-042 defining a new western extension to mineralisation.
News Release
TSXV: TBX
www.turmalinametals.com
Figure 2 - Typical sulphide-rich breccia mineralization in hole SFDH-043: Angular tourmaline-altered siltstone clasts
supported in a pyrite-chalcopyrite matrix. SFDH-043, 115.3m. From a 1m sample that averaged 1.7 g/t gold, 180 g/t
silver and 3.69% copper. Photograph is of a selected interval and is not necessarily representative of minerali sation
hosted throughout the property.
Figure 3 - Typical sulphide-rich breccia mineralization in hole SFDH-042: Tourmaline-silica altered siltstone clasts
set in a chalcopyrite-pyrite-tourmaline matrix. SFDH-042, 545.3m. From a 0.8m sample that averaged 0.09 g/t gold,
65 g/t silver and 1.9 % copper. Photograph is of a selected interval and is not necessarily representative of
mineralisation hosted throughout the property.
Figure 4 – Typical oxide mineralisation in hole SFDH-041: Tourmaline-altered siltstone clasts set in a weathered and
gossanous goethite -hematite matrix (after chalcopyrite -pyrite-tourmaline). SFDH -041, 57.2m. From a 1m sample
that averaged 11.6 g/t gold, 39 g/t silver and 0.1 % copper. Photograph is of a selected interval and is not necessarily
representative of mineralisation hosted throughout the property.
News Release
TSXV: TBX
www.turmalinametals.com
Figure 5 – Typical breccia mineralisation in hole SFDH-040: Tourmaline-sericite altered siltstone clasts set in a pyrite-
chalcopyrite-tourmaline-quartz matrix. SFDH-040, 176.20m. From a 1m sample that averaged 1.63 g/t gold, 151 g/t
silver and 0.49 % copper. Photograph is of a selected interval and is not necessarily representative of mineralisation
hosted throughout the property.
Figure 6 – Typical sulphide-rich breccia minerali sation in hole SFdLA-038: Sericite-tourmaline-pyrite altered
siltstone clasts supported in a partially oxidised pyrite-tourmaline-chalcopyrite-limonite matrix. SFDH-038, 52.4m.
From a 1m sample that averaged 6.7 g/t gold, 277 g/t silver and 0.54 % copper. Photograph is of a selected interval
and is not necessarily representative of mineralisation hosted throughout the property.
Figure 7 – Typical alteration and veining in Solita drill hole SFdLA-036: Partially weathered and strongly ser icite-
altered siltstone crosscut by multiple generations of tourmaline -quartz-pyrite veins. This style of alteration and
veining is typically found above and adjacent to tourmaline breccia pipes. SFDH-036, 32.4m. From a 1 .7m sample
that averaged 0.14 g/t Au, 15 g/t silver and 0.13% copper. Photograph is of a selected interval and is not necessarily
representative of mineralisation hosted throughout the property.