Tosca Mining Corporation: Drilling to Commence at the Red Hills Copper-Molybdenum Project
04.05.2011 | Business Wire
VANCOUVER, British Columbia -- (BUSINESS WIRE -- Tosca Mining Corporation, (TSQ.V) (Pink Sheets: TSMNF) (FSE: TQ4), has engaged Ruen Drilling to carry out a 4,000 m diamond drill program on its Red Hills Molybdenum-Copper project, located in Presidio County, Texas. Mobilization is scheduled for early MayThe purpose of the drill program is to:
1. Verify previous drilling within a near-surface copper blanket and to collect samples for metallurgical recovery test work,
2. Carry out a preliminary assessment of a high-grade copper zone discovered by previous operators,
3. Drill deeper holes, adjacent to a number of short historical drill holes that ended in strong molybdenum mineralization, and
4. Test for extensions of the molybdenum system.
The company has also engaged the services of Mine Development Associates (MDA) of Reno, Nevada and M3 Engineering (“M3”) of Tucson Arizona.
MDA is currently preparing a NI 43-101-compliant report of the Red Hills project that will be based on historical data. Later, MDA and M3 will jointly work on a Preliminary Economic Assessment (PEA) of the shallow copper blanket, which has some molybdenum credits, that overlies the much larger molybdenum porphyry system. The PEA will be based on historical data as well as on diamond-drill data and metallurgical data derived from the upcoming drill program.
Dr. Sadek E. El-Alfy, CEO, states, “We are pleased to have secured the services of Ruen Drilling, MDA and M3 engineering to advance the Red Hills Moly Copper project. We feel that this project has great potential and are looking forward to the completion of the NI 43-101 report as well as the PEA during Q4-2011.”
Tosca Mining Corporation has retained Caliber Capital Partners of Vancouver for Investor and media Relations. Caliber will provide capital market strategies, solutions and introductions to Tosca for an initial six-month term and will be paid $1500 per month and receive 100,000 stock options.
About Tosca Mining
Tosca Mining is focused on exploration and development properties in North and South America. The Companies goal is to acquire properties that are advanced and can be brought to the development stage within a short time frame. The Company relies on its directors' expertise and previous successes in exploration and mine development.
On Behalf of the board of directors,
“Ron Shenton”
Ron Shenton, President
For further information, please visit the company’s website at www.toscamining.com or call 604-687-6562. Email info@toscamining.com
The TSX Venture Exchange (TSX Venture) has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management.
Contacts
Tosca Mining Corporation
Ron Shenton, President
Phone: 604-687-6562
Fax: 604-678-2532