Turmalina Metals Commences Drilling at the San Francisco Project
Turmalina Metals Commences Drilling at the San
Francisco Project
VANCOUVER, BC
,
June 3, 2020
/CNW/ - Turmalina Metals Corp. ("
Turmalina
", or the "
Company
") (TSXV: TBX) (OTCQX:
TBXXF) is pleased to announce that it has commenced drilling at its
San Francisco
gold-silver-copper project (the "
Project
").
Highlights:
Drilling has started at the
San Francisco
de Los Andes ('SFdLA') breccia.
The drilling campaign will be a concurrent blend of drilling at SFdLA breccia pipe and exploration drilling of newly
discovered gold-copper-silver mineralised breccia pipes.
Commencing drilling with a strong cash position and balance sheet.
During the past two weeks, the Turmalina operations team has been busy onsite establishing the camp, constructing access
roads to drill sites and building drill pads. This process has gone smoothly and Turmalina now is drilling at the SFdLA breccia
pipe.
This phase two drill program will be a concurrent blend of drilling at the (SFdLA) breccia, to follow up on a very successful
initial drill program while also commencing exploration on multiple newly identified and sampled breccias that present high
priority exploration targets.
Two diamond drill rigs will be utilized to drill a total of 4500 meters during this drill campaign. Approximately
2500 m
will be
drilled at the SFDLA breccia pipe, testing for vertical and lateral extensions to high-grade gold-copper-silver mineralization
encountered in the first phase of drilling (Figure 1). The remaining
2,000 m
will test gold-copper mineralized breccia pipes
identified during the summer mapping program (Figure 2).
With drilling now underway Turmalina has also re-started infill rock chip sampling in newly identified gold-copper mineralised
breccia pipes, starting at the Humilde breccia, and then continuing at the Solita and Colorada breccias.
Dr.
Rohan Wolfe
, Chief Executive Officer, states:
"It's pleasing to be drilling again at our flagship
San Francisco
project. The next few months promise to be a very busy and
exciting time for Turmalina as we test for extensions to high grade gold-copper mineralisation intersected in our initial
drilling at the SFdLA breccia pipe, as well as drill testing some exciting newly-identified gold-copper mineralised breccia
pipes on the property. Some of these new breccia pipes have returned surface gold and copper grades even higher than
those found on the surface of the SFdLA breccia pipe. In conjunction with the drilling program we have restarted detailed
sampling and mapping of several high-priority targets and we look forward to keeping the market updated as drilling and
fieldwork progresses over the coming months."
SFDLA Drilling
Initial drilling at the SFdLA breccia (see Turmalina News Release dated
December 2, 2019
for full details of results including
information on true widths) returned significant gold-rich intercepts including:
36.95m
@ 6.31 g/t Au, 122 g/t Ag & 0.88% Cu (8.7 g/t AuEq)
from
34.5m
(SFDH-001)
85.30m
@ 4.43 g/t Au, 109 g/t Ag & 0.79% Cu (6.6 g/t AuEq)
from
27.7m
(SFDH-002)
Including
22.70m
@ 6.66 g/t Au, 86 g/t Ag & 1.46% Cu (9.46 g/t AuEq)
from
28.3m
Including
25.00m
@ 5.29 g/t Au, 117 g/t Ag & 0.62% Cu (7.4 g/t AuEq)
from
61m
50.75m
@ 3.62 g/t Au, 82 g/t Ag & 1.90% Cu (6.7 g/t AuEq)
from
44.25m
(SFDH-003)
Including
26.75m
@ 5.47 g/t Au, 97 g/t Ag & 3.30% Cu (10.6 g/t AuEq)
from
44.25m
85.00m
@ 2.65 g/t Au, 88 g/t Ag & 0.57% Cu (4.32 g/t AuEq)
from
33m
(SFDH-005)
Including
21.00m
@ 5.05 g/t Au, 173 g/t Ag & 0.80% Cu (8.0 g/t AuEq)
from
35m
27.52m
@ 3.00 g/t Au, 124 g/t Ag & 0.37% Cu (4.8 g/t AuEq)
from
56.48m
(SFDH-007)
Including
8.52m
@ 4.91 g/t Au, 140 g/t Ag & 0.24% Cu (7.1 g/t AuEq)
from
56.48m
And
16m
@ 0.8 g/t Au, 281 g/t Ag & 1.59% Cu (6.1 g/t AuEq)
from
150m
.
Initial Phase Two drilling at the SFdLA targets the projected vertical extension of the breccia approximately 60 to 80 meters
below the deepest holes drilled by Turmalina to date (Figure 1). Further holes will then extend this to greater depths as well
as test shallower along-strike extensions.
Exploration Drilling on New Targets
Over summer Turmalina completed a project-wide 3400 ha mapping and sampling program. This program included collection
of over 4,494 soil samples, 1,240 rock chip samples and mapping of over 60 breccias.
The upcoming drilling program will drill test four of these newly discovered breccia pipes (Figure 2). These new breccia pipes
are all located in close proximity to SFDLA. Rock chip samples from one of these new targets included 79 g/t gold, 385 g/t
silver and 7.7% copper: assay grades higher than those obtained from rock chips over the SFdLA breccia pipe drilled by the
Company in 2019.
To minimize the risk of COVID-19 transmission to our team and the community the Company will apply rigorous protocols
throughout the program. These procedures will include social distancing, improved hygiene, health screening of all staff and
contractors, 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, San Juan,
Argentina
The 3404 ha
San Francisco
project is located in San Juan,
Argentina
. The project area contains more than 60 tourmaline
breccia occurrences, several of which have supported small-scale mining. The Company is focused on mapping and sampling
the breccias, and drill testing prioritized targets.
Work Programs
The summer field program at
San Francisco
extended geological mapping, portable XRF analysis and geochemical sampling
(rock chips and soils) over the entire Project area. High-priority breccia targets defined by this first-pass sampling were
subject to detailed mapping and channel sampling leading to the selection of drill targets for the pending drill program. The
company is also consolidating our regional holdings as
San Francisco
is located within an 80 km long gold-copper
mineralised belt.
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.
On Behalf of the Company,
Dr.
Rohan Wolfe
, Chief Executive Officer and Director.
Email:
Mobile: +976 9999 6994
Website:
turmalinametals.com
Address: #488 - 1090 West Georgia St,
Vancouver, BC
V6E 3V7.
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
mineralisation 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,
Argentina
" dated
November 17, 2019
under the Corporation's profile at
www.sedar.com
.
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
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.
Figure 1: Cross section through San Francisco de Los Andes breccia pipe, with the results of the Company’s initial 2019 drill
program: these drill holes intersected high-grade gold-copper mineralisation in the top 100m of the breccia pipe. Holes A
(underway) and B of the current drill program test for extensions to mineralisation ~60 to 80 meters below previous
Turmalina drill holes. Later holes will then test for further lateral and vertical extensions. (CNW Group/Turmalina Metals
Corp.)
Figure 2: Geological map illustrating breccia pipe occurrences with rock chip gold results (ppb). Drilling will focus on
extending mineralisation at the San Francisco de Los Andes breccia (SFdLA) as well as testing the Chorrillos, Colorada,
Humilde and Solita breccia pipes. The best surface geochemical results returned to date are from the Humilde breccia (i.e.
79 g/t gold, 385 g/t silver and 7.7 % copper), with grades even higher than those found at the surface of the SFdLA breccia
pipe. (CNW Group/Turmalina Metals Corp.)
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For further information:
For Investor Relations enquiries, please contact Bryan Slusarchuk at +1 833 923 3334 (toll free)
or via [email protected].
CO: Turmalina Metals Corp.
CNW 08:00e 03-JUN-20