Tosca Drills 365 Metres (1199 Ft) of 0.084% Mo Including 177 Metres (580 Ft) of 0.101% Mo and 64 Metres (210 Ft) of 0.80% Cu and 0.067% Mo
27.10.2011 | Business Wire
![Tosca Drills 365 Metres (1199 Ft) of 0.084% Mo Including 177 Metres (580 Ft) of 0.101% Mo and 64 Metres (210 Ft) of 0.80% Cu and 0.067% Mo](https://www.goldseiten.de/media/goldseiten-news.jpg)
The results of holes TMC -17 and 18 are summarized below and their locations shown in the drill plan located at http://www.toscamining.com/i/maps/drillplan.jpg.
Hole | Length | From | To | Interval(ft) | Interval (metres) | Cu% | Mo% | ||||||||||||||
TMC -17 | 1249 | 0 | 1249 | 1249 | 380 | 0.036 | |||||||||||||||
includes | 0 | 869 | 869 | 265 | 0.030 | ||||||||||||||||
includes | 869 | 1249 | 380 | 116 | 0.049 | ||||||||||||||||
TMC -18 | 1199 | 0 | 1199 | 1199 | 365 | 0.084 | |||||||||||||||
includes | 409 | 989 | 580 | 177 | 0.101 | ||||||||||||||||
includes | 99 | 309 | 210 | 64 | 0.80 | 0.067 |
Drill hole TMC-17 was collared at the south end of the mineralizedsystem within the barren core at the center of the deposit. It was drilled on a bearing of 90 at - 75 inclination to test the boundaries of the barren core. As expected, the grades diminish closer to thecenter. However, as TMC-17 has intercepted Mo values throughout its length, this indicates that the size of the barren core is smaller than previously thought, thereby increasing the total amount of Mo in the system.
Drill hole TMC-18 was set at a previously untested location at the north end of the deposit. This vertical hole targeted the shallow copper cap and the underlying molybdenum zone. TMC-18 is the best hole drilled to date at Red Hills in terms of its molybdenum grades and thicknesses. TMC-18 also penetrated a thick zone of shallow copper-molybdenum mineralization averaging 0.80% Cu and 0.067% Mo over 64 metres.
The results of Tosca′s drilling to date generally validate historicholes previously drilled to define the copper-molybdenum cap. In addition, Tosca′s holes drilled to date to test the underlying molybdenum system show strong continuity and good molybdenum grades over wide intervals.
The Company is in the process of completing flotation tests on a numberof composites at the Metcon laboratory in Tucson, Arizona. The tests are being conducted under the supervision of M3-Engineering. Complete metallurgical results are expected by year end.
This information and new resource estimates to be finalized by Mine Development Associates of Reno Nevada, will form the basis for the preparation of a Pre-Economic Assessment (PEA) on the copper-molybdenum cap.
Luca Riccio, PhD, P.Geo, a qualified person as defined by NI 43-101 is responsible for the technical information contained in this release.
On Behalf of the board of directors,
'Ron Shenton'
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.
Statements in this press release, other than purely historical information, including statements relating to the Company′s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent inresource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Tosca Mining Corporation
Ron Shenton
604-687-6562
info@toscamining.com
www.toscamining.com