Tosca Mining Corp Set To Drill Its Carol Copper Project

Tosca Mining Corp. (TSXV: TSQ) announced on April 9, 2014, that it has contracted Layne De Mexico SA de SV to conduct a drill program on its Carol Copper project in Sonora, Mexico. Drilling is expected to begin by the end of April, 2014, and would be the first ever on this property. 
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In an earlier interview with SmallCapPower.com (watch the interview here), Mr. George said that there were 17 trenches done in the past, many of which showed values of more than 1% copper equivalent widespread over an area of more than a kilometre by 800 metres.  

The initial drill program will consist of 5 to 7 HQ size holes totaling 500 to 700 metres of shallow holes under the recent trenching to determine the width of the current mineralization.

“The goal of the program is to see how thick the shallowly dipping beds are that we encountered in the trenches, as these are well-mineralized near surface. If we succeed in showing significant mineralized thicknesses then a greatly expanded drilling program would be embarked on, and our property investigation would expand to other know areas of mineralization on the property that have been overlooked in the past,” Jonathan George, a Director of Tosca Mining and consulting geologist, told SmallCapPower.com. 

The Carol Copper project lies 5 km northeast of the producing Piedras Verdes mine, Mexico’s third largest copper producer with output of more than 70 million lbs per year. Tosca has an option to earn a 100% interest in the project by paying Alta Vista Ventures a total of $50,000, issuing one million shares to Alta Vista as well as performing $2.2 million in expenditures on the property within five years. 

Previous work by past operators identified widespread polymetallic skarn-style mineralization in a number of areas of the property. Early evidence suggests it may be sitting on top of a porphyry. Trenching results have included 48 metres of 0.86% copper and 16.57 g/t silver. 

In an earlier interview with SmallCapPower.com (read the interview here), Mr. George said that there were 17 trenches done in the past, many of which showed values of more than 1% copper equivalent widespread over an area of more than a kilometre by 800 metres. 

Tosca Mining currently has about 17 million shares outstanding, or approximately 26 million fully diluted. 

To learn more about Tosca Mining visit: Tosca Mining Investor Hub 

About Tosca Mining:
Tosca Mining Corporation TSQ is an exploration stage company focused on precious and base metals opportunities throughout the Americas.

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