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Toachi Announces Positive Metallurgical Test Results

Nachrichtenquelle: Business Wire (engl.)
01.03.2019, 12:35  |  250   |   |   

Toachi Mining Inc., (“Toachi” or the “Company”) (TSX-V:TIM) (OTCQB:TIMGF) is pleased to report excellent results from the on-going metallurgical test work on its “La Plata” project in Ecuador.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190301005213/en/

(Graphic: Business Wire)

(Graphic: Business Wire)

During 2018, Toachi retained the services of SGS Canada Inc., from Lakefield, Ontario, (SGS) to conduct Bench Scale and Locked-Cycle Flotation test work on the La Mina Volcanogenic Massive Sulfide (VMS) deposit, part of its “La Plata” project in Ecuador. The results from this metallurgical program will be included into the ongoing Preliminary Economic Assessment (PEA), presently being completed by SGS Geological Services in Blainville, QC. As previously released, about 72% of the metal value in the deposit comes from copper and gold at equal parts followed by the zinc value representing 22%. Toachi’s efforts were methodically sequenced for orderly recovery of these metals. Toachi announced the results of its maiden 43-101 resource estimate completed for the La Mina VMS deposit on the La Plata concession on September 13, 2017. La Mina VMS deposit of 1.9 million tons at an average grade as follow:

                                                 
Gold           Copper           Zinc           Lead           Silver
4.1 g/t           3.3 %           4.5 %           0.6 %           49.4 g/t

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