Turmalina Metals Accelerates Drilling at San Francisco Project
Posted on June 24, 2020By tsxmarketing
Turmalina Metals Corp. (“Turmalina”, or the “Company”; TBX-TSXV, TBXXF-OTCQX) is pleased to announce that it has accelerated drilling at its San Francisco gold-silver-copper project (the “Project”) with the addition of a second drill rig to the ongoing program.
Highlights:
The first drill rig will remain at the San Francisco de Los Andes (‘SFdLA’) breccia.
The second rig will drill one hole at SFdLA before commencing exploration drilling of newly discovered gold-copper-silver mineralised breccia pipes.
Drilling has commenced with a strong cash position and balance sheet.
Over the past month the Turmalina operations team has established a camp, constructed access roads and built multiple drill pads. This process went smoothly and Turmalina commenced drilling three weeks ago at the SFdLA breccia pipe, which was drilled by the Company in 2019.
The second rig, which is now onsite, will drill one hole at SFdLA before being dedicated to testing high-priority exploration targets, with approximately 2000m of drilling planned across four gold-copper mineralized breccia pipes. These new exploration targets were identified during the summer field program, which mapped and sampled the entire 3400 ha project area, leading to the identification and sampling of over 60 breccias.
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. The four breccia pipes to be tested are all larger in mapped extent than the SDdLA breccia pipe.
The first drill rig currently at the SFdLA breccia will remain at the breccia pipe, with approximately 2500 meters of drilling planned at SFdLA to test for extensions to high-grade gold-copper-silver mineralization encountered in the first phase of drilling completed by the Company in 2019. The 2019 drill results included 36.95m @ 6.31 g/t Au, 122 g/t Ag & 0.88% Cu (8.7 g/t AuEq; SFDH-001), 85.30m @ 4.43 g/t Au, 109 g/t Ag & 0.79% Cu (6.6 g/t AuEq; SFDH-002) and 26.75m @ 5.47 g/t Au, 97 g/t Ag & 3.30% Cu (10.6 g/t AuEq, SFDH-004; see Turmalina news release dated December 2, 2019 for full details). The first holes of the current program test 60 to 80 meters below the deepest holes drilled by Turmalina to date. Further holes will then extend this to greater depths as well as test shallower lateral extensions.
Dr. Rohan Wolfe, Chief Executive Officer, states:
“We are pleased to accelerate the drilling program at San Francisco with two rigs now turning at the project. This second rig will test some exciting recently-discovered breccia pipes that are not only larger on surface than the SFdLA pipe but in some cases have returned higher gold, silver and copper rock chip assay results than found on the surface of the SFdLA breccia pipe.
Drilling at the SFdLA breccia is progressing well, with a series of holes that test for vertical and lateral extensions to this high-grade breccia pipe: a breccia that returned some of the highest gold grades ever reported for this style of mineralisation during our 2019 drill program.”
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