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The path to .25 is not difficult
Thats a long way! If you ever do make it out there we will over to hear your report.
That's a great point Stef. The Red Hills project was a perfect fit for their criteria of a large deposit with huge near time potential.
No, it would be a 18 hr round trip. Weekender! More so in the summer.. Will try to plan on it but can not make promises..
Keep in mind Tosca is not a one trick pony, their business plan is to identify and acguire advanced stage exploration projects with near term production potential.
That would be great. Are you in the West Texas area?
Certainly like what he had to say. TEXAS is my kinda of place, literally. :). Might have check out location in the near future.
I liked what he said about TX, "You don't need a permit to drill a hole in TX"..Good to know.
James West has a big following, he has a newsletter called the Midas Letter. I just signed up for it today.
Nice to see some volume the last couple of days. Just baby steps but the word is getting out about Tosca Mining.
One of West's comments was about the great location of the project. Texas is extremely user friendly and companies do not get bogged down in bureaucratic red tape to get permits like other states.
Yes, liked the sound of that!!! Thanks!
Link to Complete 104 Page Resource Report
http://sedar.com/GetFile.do?lang=EN&docClass=24&issuerNo=00024835&fileName=/csfsprod/data126/filings/01861080/00000002/C%3A%5CUsers%5CFSCCS-2%5CDocuments%5CSEDAR%5Ctoscatechfeb232012JC.pdf
Here is a summary of the Resource Report:
Tosca Mining Corporation
#400-409 Granville Street,
Vancouver, BC, Canada, V6C 1T2
604-687-6562 Ph. 604-678-2532 Fx.
February 22, 2012
Tosca Mining releases NI 43-101 Resource estimate and Metallurgical results for Red Hills, Texas
Vancouver, British Columbia, February 22, 2012. Tosca Mining Corporation (TSX.V:TSQ, OTCQX:TSMNF, FSE:TQ4) announces the completion by Mine Development Associates (“MDA”) of Reno, Nevada of the first publically reported, NI 43-101compliant mineral resource estimate for the Red Hills Deposit, located in Presidio County, Texas. The MDA report also summarizes the results of a metallurgical study completed by METCON Research in Tucson, Arizona. The mineralization of interest at Red Hills occurs within a porphyry molybdenum deposit and near surface copper enrichment zone (“copper blanket”) that covers an area about 4,000 ft (1220 m) by 3,000 ft (915 m). The porphyry molybdenum mineralization has a depth-extent of over 2,000 ft (610 m) though the mineralization is not well-defined past a depth of 1,000 ft (305 m). Both copper and molybdenum mineralization are open to the south under post-mineralization cover.
Highlights
? Red Hills Mineral Resources
Category Cutoff
(%MoEq*) Tons
(million) %MoEq %Mo lbs. Mo
(million) %Cu lbs. Cu
(million)
Indicated 0.025 26.7 0.080 0.054 28.7 0.14 77.4
Inferred 0.025 263.8 0.056 0.051 268.5 0.03 151.3
Indicated 0.050 21.7 0.090 0.061 26.6 0.16 68.6
Inferred 0.050 149.8 0.073 0.069 206.6 0.02 68.2
*Molybdenum Equivalent Grades (% MoEq) are calculated as follows:MoEq%=Mo%+(Cu% x 0.1806). This formula is based on 1) prices of $ 14/lb. Mo and $ 3.25/lb. Cu, and 2) molybdenum and copper recoveries of approximately 90% and 70%, respectively.
As a term of reference according to www.metalprices.com, the price as of February 17, 2012, of Molybdenum was $14.51 per pound and Copper $3.79 per pound.
?Metallurgy: Results of flotation testing
Average molybdenum recovery: 89%
Sadek El-Alfy, PhD, CEO, commented “The results from the 2011 diamond drill campaign confirmed that Red Hills is a large porphyry deposit with commercially attractive grades of both molybdenum and copper. Metallurgical studies have shown that recoveries of this molybdenum/copper resource are encouraging and straightforward.”
In 2012 we will continue to develop Red Hills by investigating the economic feasibility of molybdenum/copper extraction and recovery on a large scale; this study will be incorporated in a Preliminary Economic Assessment (“PEA”) currently being prepared by M3 Engineering in Tucson, Arizona. The company is planning a drill program to upgrade the resources and to drill test the potential southern extension of the deposit.”
Mineral Resources
The resource estimate is based on a database of 121 drill holes totaling 60,131 feet (18,328 m) which includes 53,947 feet (16,443 m) of diamond drilling. The copper and molybdenum resources were modeled and estimated by evaluating the drill data statistically, utilizing the geologic interpretations developed by Tosca and MDA to interpret mineral domains on 29 cross sections spaced at 100 ft (30.5 m) intervals, resolving the mineral domain interpretations on longitudinal sections spaced at 20 ft (6.1 m) intervals, analyzing the modeled mineralization statistically to establish estimation parameters, and interpolating grades into a three-dimensional block model. Lithology, oxidation, and copper-molybdenum mineral domains models were created for the Red Hills project. The modeling of the Red Hills Resources was performed using Gemcom Surpac® mining software.
The stated resource is fully diluted to 20ft (6.1 m) by 20ft by 20ft blocks. In consideration of the depth limits of any potential open pit mining, the Red Hills resource was constrained to a bottom elevation of 2,800 ft (853 m) approximately 1,200 ft (366 m) below the general surface.
Because of the requirement that the resource exists “in such form and quantity and of such a grade or quality that it has reasonable prospects for economic extraction,” MDA is reporting the resources at a cutoff grade (0.025% MoEq) as that is reasonable for deposits mined by open-pit methods. In determining a reasonable cutoff grade, MDA considered metal prices, extraction costs, and metallurgical recoveries. The diluted resources have been reported at additional cutoffs in order to provide a grade distribution. The diluted resources at a 0.05% MoEq cut-off grade is included in the Mineral Resource highlights on page 1 to show the effect of a higher cut-off grade.
The copper resource is fully contained within the near-surface copper blanket, and there is a significant tonnage of molybdenum-only material in the resource. The lower copper grades within the Red Hills resource result from the “spreading” of the copper over the full resource. If the copper mineralization is evaluated from a copper-only standpoint, the copper resource at a 0.15% Cu cutoff grade (comparable to 0.027% MoEq cutoff grade) contains an Indicated Resource of 8 million tons of 0.35% Cu (56.4 million lbs. Cu) and an Inferred Resource of 12.7 million tons of 0.25% Cu (63.4 million lbs. Cu).
In addition to the molybdenum/copper mineralization, multi-element analyses of Tosca’s drill samples show elevated rhenium levels associated with molybdenite mineralization. Rhenium concentrations of 0.5 to >1.0 part per million were encountered over vertical intervals of up to 500 feet (152 m) throughout the mineralized porphyry.
Metallurgical Testing
METCON conducted a froth flotation study on seven composite core samples from Tosca’s 2011 drilling at Red Hills, using assay rejects. The froth flotation study was conducted at a grind size of approximately 80 percent passing 74 microns, a pulp density of 25 percent solids, and pulp pH at 11. The results of this investigation are tabulated below:
Locked Cycle Flotation Testing On Composite Samples
Average Metallurgical Results
Summary of Results
Sample ID Head Grade Grade Recovery
Total Cu (%) Mo (ppm) Mass Recovery (%) Cu (%) Mo (%) Cu (%) Mo (%)
Composite 1 0.46 41 4.75 5.70 0.08 63.37 68.43
Composite 2 0.26 438 1.39 10.66 2.36 64.95 81.41
Composite 3 0.31 513 1.24 10.92 3.07 52.26 86.69
Composite 4 0.78 682 4.28 14.80 1.24 85.61 91.30
Composite 5 0.16 562 2.95 3.70 1.54 64.86 89.48
Composite 6 <0.001 728 0.42 1.11 14.85 63.03 93.23
Composite 7 <0.001 963 0.42 0.28 19.32 30.54 90.50
Head assays of composites 1 to 5 contained significant copper concentrations (0.16% to 0.78% Cu). Copper recoveries from those five samples ranged from 52.26% to 85.61 % (average: 66.2 %). Composites 6 and 7 did not contain detectable copper in head assays.
Head assays of Composites 2 to 7 contained significant molybdenum concentrations (438 ppm to 963 ppm Mo). Molybdenum recoveries from those composites ranged from 81.41% to 93.23 % (average: 88.8%).
A complete copy of the NI 43-101 for Red Hills Projects is available on SEDAR and also filed on the OTC-QX website.
Qualified Person
The mineral resource estimate was prepared by Paul Tietz, Senior Geologist at Mine Development Associates (“MDA”) in Reno, Nevada in accordance with National Instrument 43-101. Paul Tietz is an independent “Qualified Person” as defined by National Instrument 43-101.
The metallurgical studies were supervised by Rodrigo R. Carneiro, a metallurgical engineer with METCON Research (“METCON”) and a “Qualified Person” as defined by NI-43-101.
The mineral Resource estimate and the metallurgical work were reviewed by Luca Riccio, PhD, PGeo and Sadek El-Alfy, PhD, respectively. Both are “Qualified Persons” according to the definitions of NI 43-101. Luca Riccio has supervised the preparation of the technical information and data included in this News Release.
On Behalf of the board of directors,
"Ron Shenton"
For further information, please visit the company's website at www.toscamining.com or call 604-687-6562 . Email info@toscamining.com
Neither 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.
Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements
In case you missed this video, James West discussed Tosca Mining at the 3:38 mark. Excellent comments. A must see!
http://watch.bnn.ca/#clip631680
Here is a summary of the Resource Report:
Tosca Mining Corporation
#400-409 Granville Street,
Vancouver, BC, Canada, V6C 1T2
604-687-6562 Ph. 604-678-2532 Fx.
February 22, 2012
Tosca Mining releases NI 43-101 Resource estimate and Metallurgical results for Red Hills, Texas
Vancouver, British Columbia, February 22, 2012. Tosca Mining Corporation (TSX.V:TSQ, OTCQX:TSMNF, FSE:TQ4) announces the completion by Mine Development Associates (“MDA”) of Reno, Nevada of the first publically reported, NI 43-101compliant mineral resource estimate for the Red Hills Deposit, located in Presidio County, Texas. The MDA report also summarizes the results of a metallurgical study completed by METCON Research in Tucson, Arizona. The mineralization of interest at Red Hills occurs within a porphyry molybdenum deposit and near surface copper enrichment zone (“copper blanket”) that covers an area about 4,000 ft (1220 m) by 3,000 ft (915 m). The porphyry molybdenum mineralization has a depth-extent of over 2,000 ft (610 m) though the mineralization is not well-defined past a depth of 1,000 ft (305 m). Both copper and molybdenum mineralization are open to the south under post-mineralization cover.
Highlights
? Red Hills Mineral Resources
Category Cutoff
(%MoEq*) Tons
(million) %MoEq %Mo lbs. Mo
(million) %Cu lbs. Cu
(million)
Indicated 0.025 26.7 0.080 0.054 28.7 0.14 77.4
Inferred 0.025 263.8 0.056 0.051 268.5 0.03 151.3
Indicated 0.050 21.7 0.090 0.061 26.6 0.16 68.6
Inferred 0.050 149.8 0.073 0.069 206.6 0.02 68.2
*Molybdenum Equivalent Grades (% MoEq) are calculated as follows:MoEq%=Mo%+(Cu% x 0.1806). This formula is based on 1) prices of $ 14/lb. Mo and $ 3.25/lb. Cu, and 2) molybdenum and copper recoveries of approximately 90% and 70%, respectively.
As a term of reference according to www.metalprices.com, the price as of February 17, 2012, of Molybdenum was $14.51 per pound and Copper $3.79 per pound.
?Metallurgy: Results of flotation testing
Average molybdenum recovery: 89%
Sadek El-Alfy, PhD, CEO, commented “The results from the 2011 diamond drill campaign confirmed that Red Hills is a large porphyry deposit with commercially attractive grades of both molybdenum and copper. Metallurgical studies have shown that recoveries of this molybdenum/copper resource are encouraging and straightforward.”
In 2012 we will continue to develop Red Hills by investigating the economic feasibility of molybdenum/copper extraction and recovery on a large scale; this study will be incorporated in a Preliminary Economic Assessment (“PEA”) currently being prepared by M3 Engineering in Tucson, Arizona. The company is planning a drill program to upgrade the resources and to drill test the potential southern extension of the deposit.”
Mineral Resources
The resource estimate is based on a database of 121 drill holes totaling 60,131 feet (18,328 m) which includes 53,947 feet (16,443 m) of diamond drilling. The copper and molybdenum resources were modeled and estimated by evaluating the drill data statistically, utilizing the geologic interpretations developed by Tosca and MDA to interpret mineral domains on 29 cross sections spaced at 100 ft (30.5 m) intervals, resolving the mineral domain interpretations on longitudinal sections spaced at 20 ft (6.1 m) intervals, analyzing the modeled mineralization statistically to establish estimation parameters, and interpolating grades into a three-dimensional block model. Lithology, oxidation, and copper-molybdenum mineral domains models were created for the Red Hills project. The modeling of the Red Hills Resources was performed using Gemcom Surpac® mining software.
The stated resource is fully diluted to 20ft (6.1 m) by 20ft by 20ft blocks. In consideration of the depth limits of any potential open pit mining, the Red Hills resource was constrained to a bottom elevation of 2,800 ft (853 m) approximately 1,200 ft (366 m) below the general surface.
Because of the requirement that the resource exists “in such form and quantity and of such a grade or quality that it has reasonable prospects for economic extraction,” MDA is reporting the resources at a cutoff grade (0.025% MoEq) as that is reasonable for deposits mined by open-pit methods. In determining a reasonable cutoff grade, MDA considered metal prices, extraction costs, and metallurgical recoveries. The diluted resources have been reported at additional cutoffs in order to provide a grade distribution. The diluted resources at a 0.05% MoEq cut-off grade is included in the Mineral Resource highlights on page 1 to show the effect of a higher cut-off grade.
The copper resource is fully contained within the near-surface copper blanket, and there is a significant tonnage of molybdenum-only material in the resource. The lower copper grades within the Red Hills resource result from the “spreading” of the copper over the full resource. If the copper mineralization is evaluated from a copper-only standpoint, the copper resource at a 0.15% Cu cutoff grade (comparable to 0.027% MoEq cutoff grade) contains an Indicated Resource of 8 million tons of 0.35% Cu (56.4 million lbs. Cu) and an Inferred Resource of 12.7 million tons of 0.25% Cu (63.4 million lbs. Cu).
In addition to the molybdenum/copper mineralization, multi-element analyses of Tosca’s drill samples show elevated rhenium levels associated with molybdenite mineralization. Rhenium concentrations of 0.5 to >1.0 part per million were encountered over vertical intervals of up to 500 feet (152 m) throughout the mineralized porphyry.
Metallurgical Testing
METCON conducted a froth flotation study on seven composite core samples from Tosca’s 2011 drilling at Red Hills, using assay rejects. The froth flotation study was conducted at a grind size of approximately 80 percent passing 74 microns, a pulp density of 25 percent solids, and pulp pH at 11. The results of this investigation are tabulated below:
Locked Cycle Flotation Testing On Composite Samples
Average Metallurgical Results
Summary of Results
Sample ID Head Grade Grade Recovery
Total Cu (%) Mo (ppm) Mass Recovery (%) Cu (%) Mo (%) Cu (%) Mo (%)
Composite 1 0.46 41 4.75 5.70 0.08 63.37 68.43
Composite 2 0.26 438 1.39 10.66 2.36 64.95 81.41
Composite 3 0.31 513 1.24 10.92 3.07 52.26 86.69
Composite 4 0.78 682 4.28 14.80 1.24 85.61 91.30
Composite 5 0.16 562 2.95 3.70 1.54 64.86 89.48
Composite 6 <0.001 728 0.42 1.11 14.85 63.03 93.23
Composite 7 <0.001 963 0.42 0.28 19.32 30.54 90.50
Head assays of composites 1 to 5 contained significant copper concentrations (0.16% to 0.78% Cu). Copper recoveries from those five samples ranged from 52.26% to 85.61 % (average: 66.2 %). Composites 6 and 7 did not contain detectable copper in head assays.
Head assays of Composites 2 to 7 contained significant molybdenum concentrations (438 ppm to 963 ppm Mo). Molybdenum recoveries from those composites ranged from 81.41% to 93.23 % (average: 88.8%).
A complete copy of the NI 43-101 for Red Hills Projects is available on SEDAR and also filed on the OTC-QX website.
Qualified Person
The mineral resource estimate was prepared by Paul Tietz, Senior Geologist at Mine Development Associates (“MDA”) in Reno, Nevada in accordance with National Instrument 43-101. Paul Tietz is an independent “Qualified Person” as defined by National Instrument 43-101.
The metallurgical studies were supervised by Rodrigo R. Carneiro, a metallurgical engineer with METCON Research (“METCON”) and a “Qualified Person” as defined by NI-43-101.
The mineral Resource estimate and the metallurgical work were reviewed by Luca Riccio, PhD, PGeo and Sadek El-Alfy, PhD, respectively. Both are “Qualified Persons” according to the definitions of NI 43-101. Luca Riccio has supervised the preparation of the technical information and data included in this News Release.
On Behalf of the board of directors,
"Ron Shenton"
For further information, please visit the company's website at www.toscamining.com or call 604-687-6562. Email info@toscamining.com
Neither 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.
Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements
That, I do not doubt. :)
Trading has been a bit quiet but I know the company is hard a t work building the company. I think we will see them hit some milestones in the not too distant future.
The Aurcana property is just five miles away and going into production. They are bringing water in. Water is not an issue. All the tough hurdles have been cleared as far as mining conditions go.
You are absolutely right. Water is not an issue. It is five miles but even if its 20 or 30 miles away. Its easily attainable in 2012. Texas is perfect for mining. Very pro business climate without the red tape of Arizona. Tosca mining is the real deal.
Cannot understand why that is an issue ? Water is cheap and easy to transport and most minning companies do so. Either you are a complete neophyte concerning mining ... which is fair enuf, or you are here to bash without foundation, which too is your own waste of time. These forums are typically for people to get a handle on the merits of investing in a company or idea. My feeling is based on more than 20 years of investing in mining companies and I believe that Tosca is the real deal. My personal investment criteria begins with people, followed by the property and its merits, followed by the investment climate (Macro economics) which is at the same level of importance as the political climate.
--Tosca has experienced management with excellent track records
--Tosca has a property that has ore in abundance at or near surface
--The emerging economies are growing and will continue to do so throughout my lifetime and beyond
--Texas is a politically safe resource friendly environment, where as Afghanistan is not, (Mexico is too scarey for my money as well).
Water is a simple and inexpensive issue compared to missing just one of the above noted criteria.
Sincerely,
Mike!
The company has said the water is approx 5 1/2 miles away! Not sure why people can not understand that.
I agree with Storm!20 miles to nowhere!
Tosca will have to pay money to bring water in AND electricity, they will have to pay real money to build a plant and this is all years away. Everyone knows that every mine in the world is located in the middle of a city and there is never any speculation involved. The thought of buying something for 7 million dollars and 3 years later having that same thing valued at double or triple or 25 times that value is purely speculation. Perfect Storm you are more likely to win by betting on horses, or buying lottery tickets, certainly betting on experienced management, proven ore in the ground and mining friendly jurisdictions is a fools paradise.
The guaranteed lottery ticket number is always your birthday, your Mom's birthday and your address in that order. Enjoy your winnings, I win every week!
Mike!
Great video Spec, James West said, "He has his money on Tosca.." Thanks for sharing. It has been trading heavy on the TSX.V.
This is a must see video. The Tosca discussion begins at 3:38
http://watch.bnn.ca/#clip631680
Management has been in Toronto this week at the annual PDAC meetings. I hear it is going very well.
I am absolutely correct! The property boundaries may touch in 5 miles but the shaft is 20 miles from the proposed site they have on their own website. They are 4.5 miles to their property line which they claim, not the water location. Why don't they just tell the truth. Is this other site 20 miles away in which they have no rights to water as of yet now their infrastructure? What a joke!
That's what I'm saying they are painting a picture with BS.
Everything you speak about except the weather is 15 plus miles away from their proposed site. LoL
Are they know claiming the weather to be infrastructure? How funny.
I doubt it. They would have done much more before putting out a fluff PR. They even have a pole barn that I don't believe is even theirs on their website.
Thanks, glad to be here!!!
Well. I threw a little in there, so I can keep an eye on it.. You guys are always trying to save someone, or have another motive. Good luck to all!
LOL good luck. It will be fun watching this one.
Just looking for now...
waiting on "Uncle Barry or Ben or Timmy" to send me my tax refund!!! Ha!
Should get that in a couple of weeks, I hope!
glen
Yes it will, Glen. Good things are on the horizon. Are you a shareholder or just looking into it right now?
Interesting reads so far. I am long term on this one, should equate to dollars/sh in the coming years.
Glen they will definitely be raising money or looking to partner up. The assets are there and the people are in place to bring this to fruition.
That totally incorrect. There is a nearby property less than 5 miles away with water. Bringing water to the location is very simple. and is already factored into the equation. The larger infrastructure hurdles are already cleared. There is electricity, paved roads, easy access and great weather year round ideal for mining conditions.
Looks like a $$$ raise in the future, huh?
Unless they partner with a major miner???...
some more dilution down the road???...
like I said, I'll be watching!
GLTA!
Everyone have a great weekend,
glen
Maybe they used a GPS???
Excellent comments Glengold. I have researched this company thoroughly and I have great expectations based on my DD. They have been very upfront and honest, The share structure is very favorable to investors with only 36 mill OS. The volume is thin on the otcbb because no one knows about them yet. I think those of us that are taking positions now will be happy in the future.
Those are not coordinates. It's just a bunch of mumble jumble and laughable
Look at this,
Infrastructure from the technical report...
5.4 Local Resources and Infrastructure
Presidio, Texas, is the nearest population center and a source of supplies and labor, with an estimated
population of 7,400 in 2009.
Water is available on adjoining properties. As of 1997, Rio Grande Mining Company (1997c) had
reported that water is available from the mine shaft on the Shafter silver property, which is not
controlled by Tosca, about 4.5mi east of the Red Hills.
West Texas Utility’s 69KV transmission lines serve the Shafter silver property (Rozelle and Tschabrun,
2008).
As shown on Figure 4.2 and discussed in Section 14.0, the mineral resource lies close to the
northwestern property boundary of Section 34. Additional land would be required in order to access all
of the known mineralized material. Recent agreements between Tosca, Red Hills Copper, Inc., and the
adjoining property owner indicate that there is a reasonable expectation that Tosca will be able to secure
surface rights to the adjoining property.
I'm new to the board...the coordinates you are referring to...
Quote:
/Identified? Really? by what means, where's the coordinates. Until actual coordinates, nothing has been identified./
but you should have read a little longer on their web site, and you would have found maps, and coordinates from the technical report...
Technical Report on the Red Hills Project, Presidio County, Texas
Tosca Mining Corporation
4.1 Property Location
The Red Hills property is located about 25mi by road north-northwest of the town of Presidio in Presidio
County, southwest Texas (Figure 4.1). The town of Presidio lies on the Rio Grande on the border with
Mexico. The Red Hills are situated on the western end of the Shafter mining district about 6.5mi west
of the ghost town of Shafter. The Shafter district forms a rectangular area about 6.5mi from east to west
and about three miles from north to south, with the ghost town of Shafter in the northeast part of the
rectangle.
"The Red Hills project lies just south of the southeastern corner of the Chinati Mountains at
approximately 29.8° North latitude and approximately 104.37° W longitude. The project is located on
the Chinati Peak 15-minute and Presidio, Texas, 1:250,000 topographic quadrangle maps."
4.2 Land Area
The following information on land area is current as of February 9, 2012.
"The Red Hills property consists of about 2,880 acres of private land, specifically Sections 2 and 3 of
Block 7 of the Houston and Texas Central Railway survey; Sections 33 and 34 of Block 7 of the Manuel
Tarin survey; Sections 186 and 187 of Block 7 of the Matias Cubier survey; and Section 1 of Block A of
the Houston and Texas Central Railway survey (Figure 4.2) (Jeff Davis County Abstract & Title Co.,
Abstractor’s Certificate, 2012; Mark Hedrick, written communication, 2012; Ellyson Abstract, written
communication, 2011). All but Section 33 are contiguous. Tosca has not surveyed the property
boundaries and has no record of prior surveys."
I will admit I got this ticker off of a stock mailer...and it appears they have a long way to go before mining...
this patch of land is about as far south in west Texas as one could imagine from the map I saw on the web site...
all I will say is "I'll be watching it to see what develops, too interesting not to"!
As alway, DD will most often shine a light on the subject, sometimes you gotta read deep!
GLTA,
glen.
There was no selling but the MM's take the ask down and the stock finished down which gave you the perception of selling.
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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
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 |
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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