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Tosca Resources Corp (TSMNF)

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Last Post: 4/30/2015 9:37:54 AM - Followers: 2 - Board type: Free - Posts Today: 0

 

Tosca

Tosca Mining Corporation 
TSXV:TSQ    OTC:TSMNF
Recent Price $0.06
52 week trading range   $0.03 to$0.10
Shares outstanding  17.2 million
Fully Diluted 26.4 million

 

Location:

The Carol Project is located in southern Sonora State, 20 km north of the city of Alamos in the foothills of the Sierra Madre Occidental belt. The Carol property is approximately 5km North East of the Piedras Verdes Copper Mine, the 3rd largest mine in Mexico, 198 million tonnes @ 0.39% Cu, M&I (source Cobre del Mayo NI-43-101 Feb 12, 2010).

Deposit Model: 

Copper-silver-zinc-gold skarn.

Size: 

Six mining claims that cover 758.14 hectares (7.6 km² or 1873 acres)

Summary:

The Carol Project is a drill-ready exploration project with initial targets generated from multiple field seasons. Work completed to date consists of detailed geological mapping, soil geochemistry, rock chip sampling, and trenching.

Future exploration on the Carol Project will consist of ground geophysics and drilling of the most promising targets.

Geology:

The Carol property hosts two skarn zones: Balde South and Balde North. The Balde South measures approximately 1,100 metres long and 400 metres wide, while the Balde North, located 800 metres away, measures approximately 300 metres by 800 metres. Between the two is the La Escondida zone, which appears to be a mineralized structure that may be associated with the formation of the skarns. 

The oldest rocks within the property area are fine grained metasediments of Permian - Carboniferous age. These rocks have been intruded by early Tertiary granodiorite, and so the metasediments occur as roof pendants within the granodiorite. The metasediments have locally been altered to skarn or hornfels along the intrusive contact. Skarns within the property likely formed as a result of infiltration metasomatism involving magmatic hydrothermal fluids from the nearby granodiorite stock. 

Photo Gallery



Results:

Trenching Highlights


Trench # Width (m) Average Grades
    Cu (%) Ag (g/t) Au g/t) Zn (%)
BS - 1 22.0 0.54 6.69 0.14 4.45
BS - 2 16.5 1.10 8.42 0.11 2.45
BS - 6 10.0 1.94 36.7 0.59 19.17
BS - 8 48.0 0.86 16.57 0.09 0.37
Inc 22.0 1.15 28.57 0.05 0.61
BS - 9 24.0 1.20 8.07 0.18 2.24
La Escondida 10.0 2.19 18.26 0.91 1.07

Each of the seventeen trenches revealed continuously mineralized intervals over widths between 4 and 48 metres. Of the 232 samples taken 185 were taken within skarn with each sample being two metres in length. Within the trenches there were many high grade sections. The highest copper assay received was 7.67 % and 38 samples returned greater than 1% copper. The highest zinc assay received was 15.30 % and 62 samples returned greater than 1% zinc. The highest gold assay received was 2.24 g/t (La Escondida) and 30 samples returned greater than 0.3 g/t gold.

In several locations deeper than expected overburden did not allow for the sampling of the underlying bedrock as the trenches were dug by hand, hence several of the zones remain open in at least one direction. This is significant in that there is the potential, with additional trenching, to show mineralization over much wider widths.

Averages from all sampling are shown in the table below.

    Average  
  width
(m)
Cu
(%)
Zn
(%)
Ag
(g/t)
Au
(g/t)
Comments
Balde South            
BS - 1 22.0 0.54 4.45 6.69 0.14 Open to the west and east
including 8.0 1.21 2.19 7.45 0.19  
BS - 2 16.5 1.10 2.45 8.42 0.11 Open to the east
BS - 3 8.0 1.44 0.42 5.98 0.11  
BS - 4 8.0 0.87 5.97 37.00 0.11  
including 4.0 1.67 11.56 68.25 0.21  
BS - 5 4.0 0.65 0.02 6.40 0.23 Open to the west
BS - 6 10.0 1.94 36.7 0.59 19.17 Open to the west and east
BS - 7 12.0 0.95 0.02 5.45 0.27  
BS - 8 48.0 0.86 0.37 16.57 0.09 Open to the east
including 4.0 3.04 0.75 12.20 0.30  
and including 22.0 1.15 0.61 28.57 0.05 Open to the east
BS - 9 24.0 1.20 2.24 8.07 0.18 Open to the west and east
and 4.0 1.56 1.09 4.70 0.15 Open to the west and east
and 6.0 0.32 0.63 3.40 0.10 Open to the west and east
and 4.0 0.25 0.63 10.25 0.02 Open to the west and east
BS - 10 13.0 0.05 0.65 2.81 0.02 Open to the west and east
and 18.0 0.12 2.01 17.16 0.05 Open to the west and east
and 6.0 0.02 4.85 22.97 0.05 Open to the west and east
and 6.0 0.08 1.39 23.27 0.03 Open to the west and east
BS - 11 4.0 0.28 0.80 17.25 0.15 Open to the west and east
and 14.0 0.24 0.75 10.31 0.18 Open to the west and east
BS - 12 2.0 0.00 0.02 1.5 1.41 Open to the west and east
and 20.0 0.56 0.05 3.32 0.66 Open to the west and east
and 6.0 0.16 0.02 2.77 0.43 Open to the west and east
Balde North            
BN - 1 10.0 0.59 0.87 2.72 0.10 Open to the west and east
and 10.0 0.35 1.40 3.84 0.12 Open to the west
BN - 2 16.0 0.19 1.45 3.54 0.04 Open to the east
and 2.0 1.86 3.50 16.2 0.154 Open to the west and east
BN - 3 6.0 0.42 0.20 4.20 0.19 Open to the west
BN - 4 4.0 0.64 0.53 4.80 0.15 Open to the west
BN - 5 6.0 1.51 2.00 9.03 0.18 Open to the west and east
             
La Escondida 10.0 2.19 1.07 18.26 0.91  

 

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PostSubject
#143   Whole new ballgame here! sven 04/30/15 09:37:54 AM
#142   Whole new ballgame here! sven 04/30/15 09:37:08 AM
#141   Tosca Mining Corp. changed to Tosca Resources Corp. Renee 10/08/14 06:14:15 PM
#140   Tosca taking over a POT TV network??? LMAO!!! dancy 07/18/14 02:59:40 PM
#139   This board needs updating Ill be happy to moderate Archie274727 05/21/14 05:39:01 PM
#138   Buy out?? On September 25, 2013, Invecture bought Archie274727 05/21/14 05:38:19 PM
#137   Big things coming for Tosca Mining Archie274727 05/21/14 05:37:03 PM
#136   The Carol Project is a drill-ready exploration project Archie274727 05/21/14 05:36:28 PM
#135   TSMNF one for 4 reverse split: Renee 05/31/13 05:21:25 PM
#134   This stock is a steal at these levels Spec_Investor 10/15/12 08:04:11 PM
#133   This one is quiet now but it will Spec_Investor 09/21/12 11:00:33 AM
#132   This is a very thorough presentation on The Spec_Investor 09/14/12 10:12:59 AM
#131   Great news on Tosca Mining. Pre-Economic Asset Spec_Investor 09/14/12 10:07:37 AM
#130   Tosca has had difficulty getting the necessary funding Spec_Investor 09/14/12 10:05:54 AM
#129   Extremely undervalued. This stock is a steal Spec_Investor 09/14/12 10:03:34 AM
#128   I agree, it puts them in a better position. Stef07 05/01/12 01:48:21 PM
#127   This is excellent news. Tosca has more Spec_Investor 05/01/12 11:57:26 AM
#126   Tosca Mining Corporation Renegotiates Its Red Hills Option Agreement Spec_Investor 05/01/12 09:54:41 AM
#125   Lets see if the trend continues today. Spec_Investor 05/01/12 09:53:15 AM
#124   25k in buying up 4pct on the TSX.. Stef07 04/30/12 05:06:32 PM
#123   IMO thought it was huge for James West Stef07 04/25/12 03:58:37 PM
#122   Here is another interview with Tosca Chairman and Spec_Investor 04/20/12 01:48:04 PM
#121   Haven't had the chance yet, but I plan glengold47 04/19/12 07:14:22 PM
#120   You are welcome. Management is working very Spec_Investor 04/19/12 11:32:40 AM
#119   Glengold did you see the video that Spec Stef07 04/19/12 09:48:55 AM
#118   Thanks for sharing!! Great! TEMPLETON1 04/19/12 09:20:49 AM
#117   Sweeeet! Thanks for the info, I wasn't aware glengold47 04/18/12 05:53:34 PM
#116   If anyone has any doubt about Tosca's moly Spec_Investor 04/18/12 01:58:04 PM
#115   Did you see this latest video interview of Spec_Investor 04/18/12 01:55:43 PM
#114   I did not know that Tosca has the Stef07 04/18/12 12:33:54 PM
#113   That was a great video Spec, thanks for sharing.. Stef07 04/18/12 10:57:08 AM
#112   http://www.midasletter.com/index.php/tosca-mining-corp-ceo-dr-sadek-e-el-alfy-di Spec_Investor 04/18/12 09:55:34 AM
#111   A little buying this morning.. Stef07 04/16/12 10:35:25 AM
#110   Its just a matter of time before the Spec_Investor 04/09/12 11:15:03 AM
#109   metals are up this morning..I should have grabbed Stef07 04/09/12 08:35:33 AM
#108   But the question is when they hit those Stef07 04/03/12 11:53:35 AM
#107   it has traded nearly 70k on the Toronto Spec_Investor 04/03/12 11:49:03 AM
#106   The Canadians know a good buy when they Stef07 04/03/12 10:47:06 AM
#105   Some big buying on the TSX exchange on Stef07 03/30/12 12:18:52 PM
#104   I hear China is really big on Moly.. Stef07 03/30/12 12:14:46 PM
#103   Sounds like a winner to me, time will tell. glengold47 03/29/12 01:02:21 PM
#102   I think BATS CEO resigned and IHUB hired Stef07 03/29/12 10:38:21 AM
#101   Glengold, I think we be seeing a steady Spec_Investor 03/29/12 10:33:27 AM
#100   IHUB was a bit annoying yesterday and I Spec_Investor 03/29/12 10:32:18 AM
#99   I remember seeing that somewhere...continuing to observe for glengold47 03/28/12 10:14:13 PM
#98   I truly believe I am being conservative with Stef07 03/28/12 02:53:19 PM
#97   Thats a great point Stef. It really Spec_Investor 03/28/12 02:20:22 PM
#96   Tosca has 136.00/per share in assets in the Stef07 03/28/12 12:13:16 PM
#95   .196 on the ask what a steal was Stef07 03/28/12 12:08:38 PM
#94   Did anyone have problems with the ihub site today? Stef07 03/28/12 12:07:24 PM
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