Drilling to Commence at the Red Hills Copper-Molybdenum Project
May 04 2011 - 7:45AM
Business Wire
Tosca Mining Corporation, (TSQ.V) (Pink Sheets: TSMNF)
(FSE:TQ4), has engaged Ruen Drilling to carry out a 4,000 m diamond
drill program on its Red Hills Molybdenum-Copper project, located
in Presidio County, Texas. Mobilization is scheduled for early
May
The purpose of the drill program is
to:
1. Verify previous drilling within a near-surface
copper blanket and to collect samples for metallurgical recovery
test work, 2. Carry out a preliminary assessment of a high-grade
copper zone discovered by previous operators, 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 company has also engaged the services of Mine Development
Associates (MDA) of Reno, Nevada and M3 Engineering (“M3”) of
Tucson Arizona.
MDA is currently preparing a NI 43-101-compliant report of the
Red Hills project that will be based on historical data. Later, MDA
and M3 will jointly work on a Preliminary Economic Assessment (PEA)
of the shallow copper blanket, which has some molybdenum credits,
that overlies the much larger molybdenum porphyry system. The PEA
will be based on historical data as well as on diamond-drill data
and metallurgical data derived from the upcoming drill program.
Dr. Sadek E. El-Alfy, CEO, states, “We are pleased to have
secured the services of Ruen Drilling, MDA and M3 engineering to
advance the Red Hills Moly Copper project. We feel that this
project has great potential and are looking forward to the
completion of the NI 43-101 report as well as the PEA during
Q4-2011.”
Tosca Mining Corporation has retained Caliber Capital Partners
of Vancouver for Investor and media Relations. Caliber will provide
capital market strategies, solutions and introductions to Tosca for
an initial six-month term and will be paid $1500 per month and
receive 100,000 stock options.
About Tosca Mining
Tosca Mining is focused on exploration and development
properties in North and South America. The Companies goal is to
acquire properties that are advanced and 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.
On Behalf of the board of directors,
“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
The TSX Venture Exchange (TSX Venture) has not reviewed and does
not accept responsibility for the adequacy or accuracy of the
contents of this news release, which has been prepared by
management.
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