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Turmalina Metals Provides Update on the Colquemayo Project
VANCOUVER, British Columbia, July 24, 2024 (GLOBE NEWSWIRE) -- Turmalina Metals Corp. (“Turmalina”, or the “Company”; TBX-TSXV, TBXXF-OTCQX, 3RI-FSE) is pleased
About this update from King Copper Discovery Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, July 24, 2024 (GLOBE NEWSWIRE) -- Turmalina Metals Corp. (“Turmalina”, or the “Company”; TBX-TSXV, TBXXF-OTCQX, 3RI-FSE) is pleased to provide an update on the Company’s recently announced (press release of July 3, 2024) Option to acquire 100% of the Colquemayo Project in Peru (the “Option”). Highlights of the Colquemayo Project: Epithermal and porphyry copper-silver-gold exploration project in Moquegua Province, Southern Peru. Historic drill results include an intersection that returned: 237.3 m at 2.4% Cu, 0.08 g/t Au & 10 g/t Ag, including 161.2 m at 3.4% Cu, 0.09 g/t Au & 14 g/t Ag and 31.3 m at 14.8% Cu, 0.2 g/t Au & 47 g/t Ag. 6,600 hectare property. Option to acquire 100%. Multiple epithermal and porphyry targets with significant drill intercepts as well as several undrilled targets. James Rogers, Turmalina CEO comments, “The combination of advanced alteration and significant mineralization on surface and in previous drilling at the Colquemayo project represents an excellent opportunity for Turmalina to create shareholder value by advancing the exploration of this exciting new asset.” Miguel Inchaustegui, Turmalina Director and previous Minister of Energy and Mines, Peru comments on the progress to date, “Continuing with our policy of proactive relations with authorities and community leaders, we have held informative meetings with said stakeholders to inform them we wish to maintain a positive relationship with them to build trust and permanent communication as we advance the project.” Figure 1 - Amat to Cairani long section showing highlight drill intercept results. High-sulphidation epithermal copper-silver mineralization is related to hydrothermal and phreatomagmatic breccias and zones of advanced argilic alteration and vuggy silica. Activities are underway in Peru, including initial permitting steps, meetings with the local communities and local authorities as well as the commencement of a data and core review. During this period a detailed core review will be undertaken to build geological models for the breccia bodies with significant historic drill intercepts, including: Validation of the logged geology using the geochemical database. Determining the geometry of the breccia bodies based on surface mapping and drill core information. Review, modelling and interpretation of ...