Drills are Running Hot for Turmalina Metals after Recent Results

Latest High Grade Drill Results promise Exciting Times for the Breccia Explorer…

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Latest High Grade Drill Results promise Exciting Times for the Breccia Explorer…

Turmalina Metals and the high-grade situation emerging at its San Francisco project is becoming well known among expert metals investors but up until this point remains relatively undiscovered by retail investors. This may be about to change due to some excellent high-grade results just reported in near surface drilling that has intercepted a newly identified oxide zone of mineralization.

Turmalina Metals (TBX:TSXV, TBXXF:OTC) has just reported an intersection of 6m at 23.7 g/t Gold and 142 g/t from near surface drilling at the SFdLA breccia at San Francisco.

A Bit of Background

After two years of searching South America for a very specific type of high-grade geological targets, the world-renowned technical team at Turmalina identified a small handful of projects to advance. First and foremost is San Francisco, in the mining friendly jurisdiction of San Juan, Argentina, which has been the focus of drilling to date.

While results to date have been excellent during this ongoing drill program, it is this week’s news that takes the company to a whole new level of excitement. The reason, of course, is that this drill program has not only intersected high grade gold and silver but the fact that Turmalina has done so near surface.

Drill results just out now, describing drilling at the SFdLA breccia identify strong, near-surface oxide gold mineralization at the top of the breccia pipe, with recent drill holes designed to test this oxide zone intercepting 22m @ 7.9 g/t Au, 60 g/t Ag & 0.14% Cu (8.8 g/t AuEq) from surface (SFDH-030) including 6m @ 23.7 g/t Au, 142 g/t Ag & 0.04% Cu (25 g/t AuEq) from 3m (see December 7 2020 Turmalina Metals News Release for details).

See the full drill results in the table below:

Dr. Rohan Wolfe, CEO of Turmalina, explains, “The intersection of nearly ounce-per-ton gold grades in the first holes to directly target the oxide zone at the SDFdLA is extremely encouraging. These high gold grades are within metres of the surface and part of a 20 meter thick blanket of high-grade oxide gold that our exploration team is currently modelling. Deeper drilling at SFdLA has focused on defining the shape of the western half of the breccia pipe, with the exciting discovery of a new westward extension at depth that remains completely open.

Copper – Not to Be Overlooked

To date, exploration activity by Turmalina at the SFdLA breccia have revealed some of the highest gold grades every seen in this particular type of geological setting. This makes it tough not to be completely focussed on the gold and silver at San Francisco, but it should be pointed out that copper is also an important part of the Turmalina story.

While drilling has been ongoing at SFdLA, the Turmalina technical team has also been busy scouring the land package for other breccia targets. This work has been wildly successful, with more than 60 different breccia targets identified on the project. These targets have been identified, mapped and sampled and now drill testing has started in some of these new areas. In this weeks’ news release, initial drilling at a breccia target called Chorrillos has returned broad intervals of copper mineralization to be followed up upon. This is, no doubt, music to the ears of copper focussed investors who are seeking out new copper situations to get behind as the copper bull emerges.

Turmalina President, Bryan Slusarchuk, notes, “The gold and silver grades in the near surface drilling at the SFdLA breccia are outstanding. With that said, there is a copper situation also emerging at the San Francisco project. There have been some very good copper grades in SFdLA drilling in the sulphide zone and now we have our first copper hits at the Chorrillos breccia. I think we are starting to attract interest from not only gold and silver bulls but also from investors looking for early stage and exciting copper situations.”

A Perfect Set-Up for Turmalina

Turmalina Metals has a strong balance sheet with more than $11 million in cash and no debt. The company has a stellar management team with a proven track record of creating shareholder value and has drills turning in areas where results to date have been excellent. While the fundamentals are excellent, the sector has seen general weakness as of late. But it looks like that is changing with more attention coming into the gold and silver situations. Now may be perfect timing for investors interested in high grade gold, silver and copper to take a close look at Turmalina Metals.

This article was first published on Juniorstocks.com – your source for faster investment news.

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