Tosca Completes Initial Drilling on Carol Copper Project
14.05.2014 | FSCwire
Vancouver, British Columbia CANADA, May 14, 2014 /FSC/ - Tosca Mining Corp. (TSQ - TSX Venture, TQ4 - FWB), announces that it has completed an initial drill program on its Carol Copper project located in southern Sonora State, Mexico. The program consisted of six HQ size angled drill holes (-50 degree to -60 degrees) totaling 577 metres, that was designed to investigate the continuity and potential extent of skarn mineralization encountered in trenches and outcrop (see news release January 27, 2014). The six holes focused on the Balde Sur area and tested the shallowly dipping metasedimentary sequence over a distance of approximately one kilometre. All holes encountered interbedded zones of moderately to intensely altered skarn, quartzite and dolomite/limestone, often highly fractured and brecciated.
Samples will be submitted to Inspectorate Labs in Hermosillo and will be analyzed for a multi element ICP package that includes copper, zinc and silver as well as gold by fire assay. Results will be released when available.
About the Carol Copper Project
The Carol Copper project covers over 750 hectares and is located in southern Sonora State, Mexico. It is approximately five km northeast of the producing Piedras Verdes copper mine, Mexico's third largest. Operated by Cobre del Mayo SA de CV, the mine produces over 70 million pounds of copper annually at a cash cost of $1.62 per pound (Cobre del Mayo presentation, October, 2013). At Carol, polymetallic (copper-silver-zinc-gold) skarn mineralization has been outlined in two mineralized zones: one measuring 1,100 meters by 400 meters and the second 700 meters by 180 meters.
Tosca has the right to acquire a 100 percent interest in the Carol project under an option agreement further described in its Oc. 14, 2013, news release.
Ian Foreman, P.Geo., president of Alta Vista Ventures and independent to Tosca, is the Qualified Person, as defined by NI 43-101, for the Carol Project and is responsible for the technical information in this news release.
On behalf of the Board of Directors,
"Ron Shenton"
Ron Shenton, President & CEO
Tosca Mining Corp.
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 in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.