Turmalina Metals Corp. Commences Initial Fieldwork at the Colquemayo Project in Peru
Turmalina Metals Corp has begun initial fieldwork at the Colquemayo Project in Peru following finalized access agreements with local communities. The project, located in Moquegua Province, features historic drill results including notable intersections of 237.3m at 2.4% Cu, with higher-grade sections.
The 6,600-hectare property contains multiple epithermal and porphyry targets. INSIDEO, a Lima-based environmental consultant, has started environmental baseline studies and is working on the Declaración de Impacto Ambiental permit required for drilling. The exploration team is currently relogging 15,000m of existing drill core to develop a geological model for future drilling phases.
Additionally, the company is exploring options to monetize its San Francisco project in Argentina, including potential joint venture partnerships.
Turmalina Metals Corp ha avviato il lavoro iniziale sul campo presso il Progetto Colquemayo in Peru, a seguito della finalizzazione degli accordi di accesso con le comunità locali. Il progetto, situato nella provincia di Moquegua, presenta risultati storici di perforazione, tra cui notevoli intersezioni di 237,3 m a 2,4% di Cu, con sezioni a gradazione più elevata.
La proprietà di 6.600 ettari contiene più obiettivi epithermali e porfirici. INSIDEO, un consulente ambientale con sede a Lima, ha iniziato studi ambientali di base ed è al lavoro per ottenere il permesso della Declaración de Impacto Ambiental, necessario per la perforazione. Il team di esplorazione sta attualmente riloggando 15.000 m di nucleo di perforazione esistente per sviluppare un modello geologico per le future fasi di perforazione.
Inoltre, l'azienda sta esplorando opzioni per monetizzare il suo progetto San Francisco in Argentina, inclusi potenziali partenariati in joint venture.
Turmalina Metals Corp ha comenzado el trabajo de campo inicial en el Proyecto Colquemayo en Perú, tras la finalización de los acuerdos de acceso con las comunidades locales. El proyecto, ubicado en la provincia de Moquegua, cuenta con resultados históricos de perforación, incluyendo intersecciones notables de 237,3 m a 2,4% Cu, con secciones de mayor grado.
La propiedad de 6,600 hectáreas contiene múltiples objetivos epiterma y pórfido. INSIDEO, un consultor ambiental con sede en Lima, ha comenzado estudios de línea base ambiental y está trabajando en el permiso de Declaración de Impacto Ambiental necesario para la perforación. El equipo de exploración está actualmente relogueando 15,000 m de núcleo de perforación existente para desarrollar un modelo geológico para las fases de perforación futuras.
Además, la empresa está explorando opciones para monetizar su proyecto San Francisco en Argentina, incluidas posibles asociaciones en joint venture.
Turmalina Metals Corp는 지역 사회와의 접근 협정이 완료된 후 페루의 Colquemayo 프로젝트에서 초기 현장 작업을 시작했습니다. 모케구아 주에 위치한 이 프로젝트는 237.3m에서 2.4% Cu의 주목할 만한 교차점이 포함된 역사적인 시추 결과를 특징으로 합니다.
6,600헥타르의 이 부동산은 여러 에피터말 및 포르피리 목표를 포함하고 있습니다. 리마에 본사를 둔 환경 컨설턴트 INSIDEO는 환경 기초 연구를 시작했으며 시추를 위해 필요한 Declaración de Impacto Ambiental 허가를 진행 중입니다. 탐사 팀은 현재 미래의 시추 단계를 위해 지질 모델을 개발하기 위해 기존 시추 코어 15,000m를 다시 기록하고 있습니다.
추가로, 이 회사는 아르헨티나의 San Francisco 프로젝트를 수익화할 수 있는 가능성을 탐색하고 있으며, 공동 사업 파트너십도 고려하고 있습니다.
Turmalina Metals Corp a lancé les travaux de terrain initiaux sur le Projet Colquemayo au Pérou après la finalisation des accords d'accès avec les communautés locales. Le projet, situé dans la province de Moquegua, présente des résultats historiques de forage, y compris des intersections notables de 237,3 m à 2,4% Cu, avec des sections de qualité supérieure.
La propriété de 6 600 hectares contient plusieurs cibles épithermales et porphyriques. INSIDEO, un consultant environnemental basé à Lima, a commencé des études de base environnementale et travaille sur le permis Declaración de Impacto Ambiental nécessaire pour le forage. L'équipe d'exploration relogue actuellement 15 000 m de carottes de forage existantes pour développer un modèle géologique pour les futures phases de forage.
De plus, l'entreprise explore des options pour monétiser son projet San Francisco en Argentine, y compris des partenariats potentiels en coentreprise.
Turmalina Metals Corp hat mit den ersten Feldarbeiten im Colquemayo-Projekt in Peru begonnen, nachdem die Zugangsvereinbarungen mit den lokalen Gemeinschaften abgeschlossen wurden. Das Projekt, das in der Provinz Moquegua liegt, weist historische Bohrergebnisse auf, darunter bemerkenswerte Schnittstellen von 237,3 m bei 2,4% Cu, mit hochwertigen Abschnitten.
Das 6.600 Hektar große Grundstück enthält mehrere epithermale und porphyrische Ziele. INSIDEO, ein in Lima ansässiger Umweltberater, hat mit der Durchführung von Umweltgrundstudien begonnen und arbeitet an der für die Bohrungen erforderlichen Declaración de Impacto Ambiental Genehmigung. Das Explorationsteam führt derzeit 15.000 m bestehenden Bohrkerns erneut durch, um ein geologisches Modell für zukünftige Bohrphasen zu entwickeln.
Darüber hinaus erkundet das Unternehmen Optionen zur Monetarisierung seines San Francisco-Projekts in Argentinien, einschließlich potenzieller Joint-Venture-Partnerschaften.
- Historic drill results show high-grade copper mineralization (237.3m at 2.4% Cu)
- Large 6,600-hectare property with multiple exploration targets
- Option to acquire 100% project interest
- Environmental baseline studies and permitting process underway
- Access agreements secured with local communities
- Drilling permits not yet obtained
- Project still in early exploration phase
VANCOUVER, British Columbia, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Turmalina Metals Corp. (“Turmalina”, or the “Company”; TBX-TSXV, TBXXF-OTCQX, 3RI-FSE) is pleased to provide an update on the Company’s projects and operations including the Colquemayo Project in Peru, where access agreements with the local communities have recently been finalized, allowing the commencement of initial fieldwork for environmental and social baseline studies.
The Company is focussing its efforts to advance the recently acquired Colquemayo project (see press releases of July 3rd and September 3rd, 2024), where initial environmental studies are now underway and the drill permit process is progressing.
Highlights of the Colquemayo Project:
- Epithermal and porphyry Copper-Silver-Gold exploration project in Moquegua Province, Southern Peru.
- Historic drill results include an intersection that returned:
- 237.3 m at
2.4% Cu, 0.08 g/t Au & 10 g/t Ag, including:- 161.2 m at
3.4% Cu, 0.09 g/t Au & 14 g/t Ag, and: - 31.3 m at
14.8% Cu, 0.2 g/t Au & 47 g/t Ag.
- 161.2 m at
- 237.3 m at
- Large 6,600-hectare property with multiple epithermal and porphyry targets with significant drill intercepts as well as several undrilled targets.
- The Company has an Option to acquire
100% title and interest in the project (see news release dated July 3, 2024).
The Company has established and maintained contact with the communities of Palcamayo and Amata, whom own most of the surface rights in the project, and these communities have now granted access for initial fieldwork to establish an environmental baseline.
Turmalina has hired INSIDEO, an environmental consultant based in Lima, to advance the environmental studies and the application for the Declaración de Impacto Ambiental (the “DIA”), which is required to permit drilling at the property. INSIDEO started field work on December 3rd, collecting soil and water samples and conducting air quality and noise control measurements to build the baseline.
While drill permitting works are underway, the exploration team has received 15,000 m of drill core from drill holes completed by Compania De Minas Buenaventura SAA (the optionor) at Colquemayo and is currently relogging the core to create a geological model that will serve as the base for the planning of the next drilling phase.
Figure 1 Amata to Cairani long section showing highlight drill intercept results. Cu-Ag mineralization is related to a hydrothermal an phreato magmatic breccias and advanced argilic alteration plus silica (incl. vuggy).
San Francisco Project Update in San Juan, Argentina
Turmalina is currently considering several alternatives to monetize or advance the San Francisco project in San Juan province, Argentina, including a JV with potential partners. The project has several drill pads ready to continue drill testing the epithermal veins which have returned gold mineralization across 11.3 km of prospective vein strike.
On Behalf of the Company,
James Rogers, Chief Executive Officer and Director.
Website: turmalinametals.com
Address: #1507 - 1030 West Georgia St, Vancouver, BC V6E 3M5.
For Investor Relations enquiries, please contact +1 833 923 3334 (toll free) or via info@turmalinametals.com.
Statements
About Turmalina Metals and our projects: Turmalina Metals is a TSXV-listed exploration company focused on developing our portfolio of high-grade gold-copper-silver projects in South America. Turmalina Metals is led by a team responsible for multiple gold-copper-silver discoveries. Our projects are characterised by open high-grade mineralization on established mining licenses that present compelling drill targets. The principal project held by Turmalina is the San Francisco project in San Juan, Argentina. For further information on the San Francisco Project, refer to the technical report entitled “NI43-101 Technical Report San Francisco Copper Gold Project, San Juan Province, Argentina” dated November 17, 2019 under the Corporation’s profile at www.sedarplus.ca.
Forward Looking Statement: This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Forward looking statements in this news release include statements related to TSXV approval of the Company’s acquisition of the Option and the Option Agreement. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions, as well as legal, social, and economic conditions in Argentina and Peru, where the Company’s mineral exploration properties are located. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Qualified Person: All scientific and technical information in this news release has been approved by Dr. Rohan Wolfe, Technical Advisor, MAIG, who serves as the Qualified Person (QP) under the definition of National Instrument 43-101. Dr Wolfe has conducted a review of historic data at the project, reviewed the Company’s due diligence study of the Project and has conducted an independent QA/QC review of historic drilling assays, and consents to the inclusion of this information in the form and context in which it appears.
Neither the 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 or has in any way approved or disapproved of the contents of this news release.
An infographic accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a685e9a4-edee-4feb-b2fe-0efa10af0632
FAQ
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