Tosca Mining Corporation, (TSQ.V; US:TSMNF; FSE:TQ4), announces that drilling has commenced on its Red Hills Molybdenum-Copper project, located in Presidio County, Texas.

The purpose of the 4000 meter drill program is to:

1. Verify previous drilling within a near-surface copper blanket and to collect samples for metallurgical recovery test work, previous drilling had established a noncompliant historic resource of 17 million tonnes at .35% copper.

2. Carry out a preliminary assessment of a separate high-grade copper zone discovered by previous operators, who reported three intersections ranging from 6.12% copper to 9.09% copper over 21 meters and 33.5 meters respectively

3. Drill deeper holes, adjacent to a number of short historical drill holes that ended in strong molybdenum mineralization, and

4. Test for extensions of the molybdenum system. The deepest historical hole (Duval 7) was drilled to a vertical depth of 2106 feet (642 meters), averaged 0.076% Mo throughout

Note that in this news release all reference to previous studies, drill results and resource estimates is based on historic information. Since a qualified person has not done sufficient work to verify the historical data and estimates, the historical data and estimates should not be relied upon.

Dr. Sadek E. El-Alfy, Chairman and CEO states;

“Diamond drilling has commenced on the Red Hills property and 2,000 feet of core has already been shipped to Skyline Labs of Tucson, Arizona. Skyline is recognized as an industry leader for all types of base metal, ferrous and non-ferrous analysis including high quality ore-grade assays. The Company is advancing the Red Hills project diligently; Agreements were signed during March 2011, $5 million was raised during April 2011, and drilling commenced during May 2011. The Company has started the process of collecting data and information required for the preparation of an NI 43-101 compliant report by year end.”

About Tosca Mining

Tosca Mining is focused on exploration and development properties in North America. The Company’s goal is to acquire advanced stage projects that can be brought to the development stage within a short time frame. The Company relies on its directors' expertise and previous successes in exploration and mine development.

“Ron Shenton”Ron Shenton, President

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.

To view this news release as a webpage, please click the following link:

http://www.usetdas.com/pr/tosca05252011.htm

Fandifi Technology (TG:TQ4)
Historical Stock Chart
Von Nov 2024 bis Dez 2024 Click Here for more Fandifi Technology Charts.
Fandifi Technology (TG:TQ4)
Historical Stock Chart
Von Dez 2023 bis Dez 2024 Click Here for more Fandifi Technology Charts.