Please see Turmalina press release dated
This first phase of drilling has delivered multiple high-grade results from multiple breccia targets and will be used to guide additional drilling in an upcoming Phase 2 in 2023.
Selected intercepts from the most recent drilling include:
Breccia 8:
- 49.05m @ 1.14 g/t Au, 20 g/t Ag and 0.34% Cu (1.9g/t AuEq or 1.3% CuEq), CHT-DDH-043 from 59.65m.
- Including 12.3m @ 1.95 g/t Au, 29 g/t Ag and 0.44% Cu, (3.0 g/t AuEq or 2.0% CuEq), from 94.7m.
- 70.15m @ 1.01 g/t Au, 20 g/t Ag & 0.75 % Cu (2.4 g/t AuEq or 1.6% CuEq); CHT-DDH-044 from 64.2m
- Including 10.7m @ 2.34 g/t Au, 15 g/t Ag and 0.86% Cu (3.8 g/t AuEq or 2.6% CuEq), from 86.05m.
- Including 24.55m @ 1.04 g/t Au, 41 g/t Ag and 1.40% Cu (3.6 g/t AuEq or 2.5% CuEq), from 109.8m.
Breccia Clint
- 30.63m @ 0.54 g/t Au, 33 g/t Ag and 1.65% Cu (3.4 g/t AuEq or 2.3% CuEq), CHT-DDH-044 from 173.3m
- Including 12.07m @ 0.64 g/t Au, 48 g/t Ag and 2.01% Cu (4.2 g/t AuEq or 2.9% CuEq), from 191.86m.
The Chanape project is characterised by multiple tourmaline gold-silver-copper (Au-Ag-Cu) breccia pipes, with over fifty identified to date. The first 8 holes of this 2257 m drill program tested Breccia 8, Breccias 10 & 11, Breccia Clint, the San Antonio Breccia and Veta Colorada. This release summarises the results from holes CHT-DDH-042, CHT-DDH-043 and CHT-DDH-044.
CHT-DDH-042 tested a possible extension of Breccia 8, downdip from hole CHT-DDH-034, but did not intercept the breccia. Hole CHT-DDH-043 was drilled from the same platform as CHT-DDH-042, with a different azimuth, and intercepted the down-dip extension of Breccia 8. Drill hole CHT-DDH-044 tested both Breccia 8 and the adjacent Breccia Clint and confirmed the high-grade copper mineralisation intersected previously at Breccia Clint by hole CHT-DDH-041 (see press release of
Mr.
“The final results from the Chanape 2022 program have continued to deliver high grade intercepts across multiple mineralised breccias. The team has done an excellent job carrying out this program and we are excited to follow up on these excellent results in 2023.”
Table 1 - Final batch of Phase 1 drill hole intersections at the
Hole ID | From | To | Interval | Au (g/t) | Ag (g/t) | Cu (%) | Pb (%) | Zn (%) | AuEq g/t | CuEq % | |
CHT-DDH-043 | Composite | 59.65 | 108.7 | 49.05 | 1.14 | 20 | 0.34 | 0.03 | 0.01 | 1.90 | 1.30 |
CHT-DDH-043 | including | 94.7 | 107 | 12.3 | 1.95 | 29 | 0.44 | 0.06 | 0.01 | 2.97 | 2,04 |
CHT-DDH-044 | Composite | 64.2 | 134.35 | 70.15 | 1.01 | 20 | 0.75 | 0.03 | 0.01 | 2.36 | 1.62 |
including | 86.5 | 97.18 | 10.7 | 2.34 | 15 | 0.86 | 0.01 | 0.01 | 3.79 | 2.60 | |
including | 109.8 | 134.35 | 24.55 | 1.04 | 41 | 1.40 | 0.06 | 0.03 | 3.61 | 2.48 | |
CHT-DDH-044 | Composite | 173.3 | 203.93 | 30.63 | 0.54 | 33 | 1.65 | 0.03 | 0.06 | 3.37 | 2.31 |
Including | 191.86 | 203.93 | 12.07 | 0.64 | 48 | 2.01 | 0.04 | 0.07 | 4.20 | 2.88 |
*Intersections are not true widths and additional drilling and geological modelling of the mineralised zones in the breccia pipes is required to determine the true widths of the drill hole intersections. Intersections are selected based on a 0.5 g/t Au or 0.3% Cu cut-off grade, a minimum downhole length of 2m and a maximum waste inclusion of 2 consecutive meters. Equivalent gold (AuEq) and equivalent copper (CuEq) values are calculated assuming 100% recovery using
Table 2 -Highlight Results of the total Phase 1 Program
Hole ID | From | To | Interval | Au (g/t) | Ag (g/t) | Cu (%) | Pb (%) | Zn (%) | AuEq g/t | CuEq % | |
CHT-DDH-034 | Breccia 8 | 60 | 99.6 | 39.6 | 3.79 | 18.38 | 0.45 | 0.01 | 0.01 | 4.71 | 3.10 |
CHT-DDH-034 | including | 65.5 | 74 | 8.5 | 9.21 | 27.44 | 0.48 | 0.01 | 0.01 | 10.28 | 6.76 |
CHT-DDH-037 | Breccia S Antonio | 31.4 | 64.8 | 33.4 | 1.55 | 66.21 | 0.18 | 1.70 | 0.02 | 2.66 | 1.75 |
CHT-DDH-037 | including | 47.9 | 58.2 | 10.3 | 4.25 | 75.87 | 0.28 | 4.45 | 0.04 | 5.64 | 3.71 |
CHT-DDH-040 | Veta Colorada | 77.67 | 79.47 | 1.80 | 2.35 | 11 | 0.18 | 0.05 | 0.02 | 2.76 | 1.83 |
CHT-DDH-041 | Breccia Clint | 165.7 | 213.75 | 48.05 | 0.90 | 178 | 1.67 | 0.05 | 0.20 | 5.73 | 3.80 |
CHT-DDH-041 | including | 165.7 | 167.9 | 2.20 | 0.70 | 3349 | 10.82 | 0.18 | 0.28 | 60.5 | 40.1 |
CHT-DDH-041 | including | 192.19 | 212.6 | 20.41 | 1.01 | 47 | 2.23 | 0.04 | 0.12 | 4.98 | 3.31 |
CHT-DDH-041 | Breccia Clint | 222.27 | 236.66 | 14.39 | 0.98 | 56 | 2.17 | 0.05 | 0.09 | 4.98 | 3.30 |
CHT-DDH-043 | Breccia 8 | 59.65 | 108.7 | 49.05 | 1.14 | 20 | 0.34 | 0.03 | 0.01 | 1.90 | 1.30 |
CHT-DDH-043 | including | 94.7 | 107 | 12.3 | 1.95 | 29 | 0.44 | 0.06 | 0.01 | 2.97 | 2.04 |
CHT-DDH-044 | Breccia 8 | 64.2 | 134.35 | 70.15 | 1.01 | 20 | 0.75 | 0.03 | 0.01 | 2.36 | 1.62 |
including | 86.5 | 97.18 | 10.7 | 2.34 | 15 | 0.86 | 0.01 | 0.01 | 3.79 | 2.60 | |
including | 109.8 | 134.35 | 24.55 | 1.04 | 41 | 1.40 | 0.06 | 0.03 | 3.61 | 2.48 | |
CHT-DDH-044 | Breccia Clint | 173.3 | 203.93 | 30.63 | 0.54 | 33 | 1.65 | 0.03 | 0.06 | 3.37 | 2.31 |
Including | 191.86 | 203.93 | 12.07 | 0.64 | 48 | 2.01 | 0.04 | 0.07 | 4.20 | 2.88 |
Table 3 - Chanape diamond drill hole locations and targets included in this release.
Hole ID | mE (WGS 84-18S) | mN (WGS 84-18S) | Elevation (m) | Azimuth | Dip | Depth (m) | Target |
CHT-DDH-042 | 362202 | 8681746 | 4610 | 357 | -70 | 165.6 | Breccia 8 |
CHT-DDH-043 | 362202 | 8681746 | 4610 | 4 | -60 | 147.4 | Breccia 8 |
CHT-DDH-044 | 362202 | 8681746 | 4610 | 23 | -60 | 236.2 | Breccias 8 and Clint |
About the
The 677 ha Chanape copper-gold project is located approximately 87km east of
Turmalina’s work to date has been focused on interpreting historic work while mapping and sampling over 50 documented tourmaline breccias and epithermal veins at the project and drill-testing the best targets. A phreato-magmatic breccia, measuring 700 m by 200 meters has also been identified as a potential target for bulk tonnage mineralisation, with gold anomalism coincident with a geophysical anomaly (IP).
Turmalina has an option to acquire 100% of the
Other Projects
The 40,340 ha
On Behalf of the Company,
Mr.
Website: turmalinametals.com
Address: #488 - 1090 West Georgia St,
For Investor Relations enquiries, please contact
Statements
About
Sampling and Analytic procedure:
All drill holes are PQ, HQ or NQ diameter diamond core holes. At Chanape drill core is collected at the drill site and transported by vehicle to the Turmalina core logging facility in San Damian where recovery measurements are taken before the core is photographed and geologically logged. The core is then cut in half with a diamond saw blade with half the sample retained in the core box for future reference and the other half placed into a pre-labelled plastic bag, sealed with a plastic zip tie, and identified with a unique sample number. The core is typically sampled over a 0.5 to 1.5 meter sample interval unless the geologist determines the presence of an important geological contact. In this case, the samples can have a minimum of 20 centimetres length. The bagged samples are then stored in a secure area pending shipment to the ALS laboratory in
The assay results for the QA/QC samples are checked and verified by the project geologist and the Qualified Person. All such QA/QC assay results from sample dispatches reported in this news release have been found to be within acceptable industry limits, and the Qualified Person is not aware of any sampling, recovery or any other factors that could materially affect the accuracy or reliability of the data.
Qualified Person: The scientific, technical and analytical data contained in this news release pertaining to the
Forward Looking Statement: This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks (including those risk factors identified in the Corporation’s prospectus dated
There is no assurance when the government-imposed measures related to COVID-19 in
Figure 1 –
https://www.globenewswire.com/NewsRoom/AttachmentNg/cb8a158c-ac68-42ab-b94d-afc858e5a571
Figure 2 – Location of Company drill holes at Chanape. This press release reports results for holes CHT-DDH-042, CHT-DDH-043 and CHT-DDH-044, which were drilled to test Breccia 8 and Breccia Clint.
https://www.globenewswire.com/NewsRoom/AttachmentNg/70564a2e-2c94-42b4-beaa-13a7c3f7b217
Figure 3 – Details of drilling completed at Breccia 8 and Breccia Clint. Holes CHT-DDH-042 and CHT-DDH-043 tested Breccia 8, while CHT-DDH-044 tested both Breccia 8 and Breccia Clint.
https://www.globenewswire.com/NewsRoom/AttachmentNg/7b818607-c892-4903-befe-07a93109c332
Figure 4 – Section across Breccia 8. Drill hole CHT-DDH-043 intersected Breccia 8 from 65 to 107 metres and confirmed the continuity of Au-Ag-Cu mineralisation at depth.
https://www.globenewswire.com/NewsRoom/AttachmentNg/74ddcb7c-932b-4579-97cb-9e3f540e2eb9
Figure 5 – Section across Breccias 8 and Clint. CHT-DDH-044 tested Breccia 8 and Breccia Clint. The hole intersected several broad zones of gold-silver-copper mineralisation.
https://www.globenewswire.com/NewsRoom/AttachmentNg/ee3111f3-37c3-4e7b-9fab-1a1d00731012
Figure 6 – Au-Ag-Cu mineralisation in drill hole CHT-DDH-043 (Breccia 8): Quartz-tourmaline breccia with strongly quartz-sericite-tourmaline altered clasts set in an arsenopyrite-chalcopyrite-pyrite-quartz-tourmaline matrix. From a sample interval (79.9 to 81.15m) that returned 2.19 g/t Au, 39.8 g/t Ag and 1.1 % Cu. Photograph is of a selected interval and is not necessarily representative of mineralisation hosted throughout the property.
https://www.globenewswire.com/NewsRoom/AttachmentNg/80b7d93c-0aee-4dcb-9169-6f3d93a3d729
Figure 7 – Au-Ag-Cu mineralisation in drill hole CHT-DDH-043 (Breccia 8): Chaotic quartz-tourmaline breccia with strongly quartz-sericite-tourmaline altered clasts with quartz-pyrite-chalcopyrite-chalcocite (coating) veinlet set in an arsenopyrite-chalcopyrite-pyrite-quartz-tourmaline matrix. From a sample interval (104.25 to 105.65m) that returned 5.53 g/t Au, 52.3 g/t Ag and 1.5 % Cu. Photograph is of a selected interval and is not necessarily representative of mineralisation hosted throughout the property.
https://www.globenewswire.com/NewsRoom/AttachmentNg/c39e48b6-4a3a-4623-9622-922937e33d45
Figure 8– Typical high-grade copper-silver mineralisation in drill hole CHT-DDH-044 (Breccia 8): Chaotic quartz-tourmaline-arsenopyrite-chalcopyrite-pyrite breccia with clasts fully replaced by arsenopyrite+/-pyrite+/-chalcopyrite. From a sample interval (126.1 to 126.64m) that returned 4.46 g/t Au, 112 g/t Ag and 6.0 % Cu. Photograph is of a selected interval and is not necessarily representative of mineralisation hosted throughout the property.
https://www.globenewswire.com/NewsRoom/AttachmentNg/14f797e1-bb00-42ff-b63f-d3f5b27f63c1
Figure 9 – Typical high-grade copper-silver mineralisation in drill hole CHT-DDH-044 (Breccia 8): Chaotic to mosaic cemented quartz-tourmaline breccia with drusy quartz with massive arsenopyrite, chalcopyrite and pyrite and clasts being replaced by arsenopyrite + chalcopyrite + pyrite. From a sample interval (128.48 to 128.94 m) that returned 2.55 g/t Au, 44.7 g/t Ag and 4.27 % Cu. Photograph is of a selected interval and is not necessarily representative of mineralisation hosted throughout the property.
https://www.globenewswire.com/NewsRoom/AttachmentNg/760fc6c0-5fca-42a4-b079-e8504f5a8e01
Figure 10 – Typical Au-Ag-Cu mineralisation in drill hole CHT-DDH-044 (Breccia Clint): Chaotic quartz-tourmaline breccia with drusy quartz, arsenopyrite, chalcopyrite and pyrite. From a sample interval (177.9 to 178.3 m) that returned 0.86 g/t Au, 23.9 g/t Ag and 1.35 % Cu. Photograph is of a selected interval and is not necessarily representative of mineralisation hosted throughout the property.
https://www.globenewswire.com/NewsRoom/AttachmentNg/d3574387-47ae-4c61-ae4d-f3035b59fe91
Figure 11 – Typical Au-Ag-Cu mineralisation in drill hole CHT-DDH-044 (Breccia Clint): Chaotic to shingle quartz-tourmaline breccia with local clasts being replaced by pyrite and chalcopyrite with chalcopyrite-pyrite-arsenopyrite mineralisation. From a sample interval (183.86 to 184.8 m) that returned 0.35 g/t Au, 15.4 g/t Ag and 1.87 % Cu. Photograph is of a selected interval and is not necessarily representative of mineralisation hosted throughout the property.
https://www.globenewswire.com/NewsRoom/AttachmentNg/520ce845-5830-496b-aa72-7c8062d66d00
![](https://ml.globenewswire.com/media/ZTkwNTQ2ZDgtNzdjZC00NTIzLTk4ZDMtMTRlNmVkZGQ5ZTYyLTEyMDYyODY=/tiny/Turmalina-Metals-Corp-.png)
Figure 1 – Chanape Project – Geology and Prospects Drilled in 2022
![](https://ml.globenewswire.com/media/cb8a158c-ac68-42ab-b94d-afc858e5a571/medium/figure-1-chanape-project-geology-and-prospects-drilled-in-20.png)
The Project is characterised by over 50 tourmaline breccia pipes (purple) and multiple epithermal vein systems (red).
Figure 2 – Location of Company drill holes at Chanape
![](https://ml.globenewswire.com/media/70564a2e-2c94-42b4-beaa-13a7c3f7b217/medium/figure-2-location-of-company-drill-holes-at-chanape.png)
This press release reports results for holes CHT-DDH-042, CHT-DDH-043 and CHT-DDH-044, which were drilled to test Breccia 8 and Breccia Clint.
Figure 3 – Details of drilling completed at Breccia 8 and Breccia Clint
![](https://ml.globenewswire.com/media/7b818607-c892-4903-befe-07a93109c332/medium/figure-3-details-of-drilling-completed-at-breccia-8-and-brec.png)
Holes CHT-DDH-042 and CHT-DDH-043 tested Breccia 8, while CHT-DDH-044 tested both Breccia 8 and Breccia Clint.
Figure 4 – Section across Breccia 8
![](https://ml.globenewswire.com/media/74ddcb7c-932b-4579-97cb-9e3f540e2eb9/medium/figure-4-section-across-breccia-8.png)
Drill hole CHT-DDH-043 intersected Breccia 8 from 65 to 107 metres and confirmed the continuity of Au-Ag-Cu mineralisation at depth.
Figure 5 – Section across Breccias 8 and Clint
![](https://ml.globenewswire.com/media/ee3111f3-37c3-4e7b-9fab-1a1d00731012/medium/figure-5-section-across-breccias-8-and-clint.png)
CHT-DDH-044 tested Breccia 8 and Breccia Clint. The hole intersected several broad zones of gold-silver-copper mineralisation.
Figure 6 – Au-Ag-Cu mineralisation in drill hole CHT-DDH-043 (Breccia 8)
![](https://ml.globenewswire.com/media/80b7d93c-0aee-4dcb-9169-6f3d93a3d729/medium/figure-6-au-ag-cu-mineralisation-in-drill-hole-cht-ddh-043-b.png)
Quartz-tourmaline breccia with strongly quartz-sericite-tourmaline altered clasts set in an arsenopyrite-chalcopyrite-pyrite-quartz-tourmaline matrix. From a sample interval (79.9 to 81.15m) that returned 2.19 g/t Au, 39.8 g/t Ag and 1.1 % Cu. Photograph is of a selected interval and is not necessarily representative of mineralisation hosted throughout the property.
Figure 7 – Au-Ag-Cu mineralisation in drill hole CHT-DDH-043 (Breccia 8)
![](https://ml.globenewswire.com/media/c39e48b6-4a3a-4623-9622-922937e33d45/medium/figure-7-au-ag-cu-mineralisation-in-drill-hole-cht-ddh-043-b.png)
Chaotic quartz-tourmaline breccia with strongly quartz-sericite-tourmaline altered clasts with quartz-pyrite-chalcopyrite-chalcocite (coating) veinlet set in an arsenopyrite-chalcopyrite-pyrite-quartz-tourmaline matrix. From a sample interval (104.25 to 105.65m) that returned 5.53 g/t Au, 52.3 g/t Ag and 1.5 % Cu. Photograph is of a selected interval and is not necessarily representative of mineralisation hosted throughout the property.
Figure 8– Typical high-grade copper-silver mineralisation in drill hole CHT-DDH-044 (Breccia 8)
![](https://ml.globenewswire.com/media/14f797e1-bb00-42ff-b63f-d3f5b27f63c1/medium/figure-8-typical-high-grade-copper-silver-mineralisation-in.png)
Chaotic quartz-tourmaline-arsenopyrite-chalcopyrite-pyrite breccia with clasts fully replaced by arsenopyrite+/-pyrite+/-chalcopyrite. From a sample interval (126.1 to 126.64m) that returned 4.46 g/t Au, 112 g/t Ag and 6.0 % Cu. Photograph is of a selected interval and is not necessarily representative of mineralisation hosted throughout the property.
Figure 9 – Typical high-grade copper-silver mineralisation in drill hole CHT-DDH-044 (Breccia 8)
![](https://ml.globenewswire.com/media/760fc6c0-5fca-42a4-b079-e8504f5a8e01/medium/figure-9-typical-high-grade-copper-silver-mineralisation-in.png)
Chaotic to mosaic cemented quartz-tourmaline breccia with drusy quartz with massive arsenopyrite, chalcopyrite and pyrite and clasts being replaced by arsenopyrite + chalcopyrite + pyrite. From a sample interval (128.48 to 128.94 m) that returned 2.55 g/t Au, 44.7 g/t Ag and 4.27 % Cu. Photograph is of a selected interval and is not necessarily representative of mineralisation hosted throughout the property.
Figure 10 – Typical Au-Ag-Cu mineralisation in drill hole CHT-DDH-044 (Breccia Clint)
![](https://ml.globenewswire.com/media/d3574387-47ae-4c61-ae4d-f3035b59fe91/medium/figure-10-typical-au-ag-cu-mineralisation-in-drill-hole-cht.png)
Chaotic quartz-tourmaline breccia with drusy quartz, arsenopyrite, chalcopyrite and pyrite. From a sample interval (177.9 to 178.3 m) that returned 0.86 g/t Au, 23.9 g/t Ag and 1.35 % Cu. Photograph is of a selected interval and is not necessarily representative of mineralisation hosted throughout the property.
Figure 11 – Typical Au-Ag-Cu mineralisation in drill hole CHT-DDH-044 (Breccia Clint)
![](https://ml.globenewswire.com/media/520ce845-5830-496b-aa72-7c8062d66d00/medium/figure-11-typical-au-ag-cu-mineralisation-in-drill-hole-cht.png)
Chaotic to shingle quartz-tourmaline breccia with local clasts being replaced by pyrite and chalcopyrite with chalcopyrite-pyrite-arsenopyrite mineralisation. From a sample interval (183.86 to 184.8 m) that returned 0.35 g/t Au, 15.4 g/t Ag and 1.87 % Cu. Photograph is of a selected interval and is not necessarily representative of mineralisation hosted throughout the property.
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