Bocana Resources Corp. (TSXV: BOCA) (Frankfurt: VC1)
("
Bocana" or the "
Company") is
pleased to announce that it has commenced the 2,000 metre diamond
drilling campaign, with Leduc Drilling S.R.L. of La Paz, Bolivia,
on the Escala area concession in Southwest Bolivia. This is the
Company's inaugural drilling program and is expected to take
several weeks to complete phase 1 ("
Phase I") of
this drilling campaign.
The Phase I program will be conducted using NQ
size core drilling in nine locations. Upon completion of Phase I,
drilling will stop until all assay results have been received prior
to planning the second phase of drilling, a proposed 3,000 metre
follow up drilling program.
The largest portion drilling program is expected
to occur in the Cerro Galapago area of the Escala concession and is
projected to have a total of five of the nine proposed drill holes
located around it, as identified on the attached Escala area map.
The only historic drilling completed on this large near surface
porphyry target were vertically drilled in the very central area
with a high chargeability/very low resistivity anomaly; this area
typically hosts lower grade mineralization and is usually not the
primary area to test.
Additionally, the Company intends to drill two
shallow dipping, 250 metre length, drill holes in the Cerro Blanco
area. As previously reported, the vast majority of prior drilling
efforts were completed by drilling vertically dipping drill holes.
Recent data suggests a near vertically dipping, structural
influence on mineralization; therefore, the Company believes that
this area has not been properly evaluated from drill testing.
The remaining planned holes will be drilled
along the main mine trend to the east where there are known
historical precious/base metal veins. The induced
polarization geophysical survey located an area of high
chargeability and resistivity anomalies indicating an area of
silicification/quartz veining with high sulphide content that has
not been drill tested. Bocana plans to complete a fence of two
holes, both 250 metres in length, across these geophysical
anomalies.
The approximate locations and sequence for each
of the planned drill collars are identified on the attached map and
schedule:
Proposed Drill HoleLocation |
Target Area |
Purpose |
1 |
Cerro Blanco East-Satellite |
Testing IP chargeability high/moderate resistivity |
2 |
Cerro Blanco East-Satellite |
Testing IP chargeability high/moderate resistivity |
3 |
Cerro Galapago South |
Testing IP chargeability high/moderate resistivity |
4 |
Cerro Galapago South |
Testing IP chargeability high/moderate resistivity |
5 |
Cerro Galapago North |
Testing IP chargeability high/high resistivity |
6 |
Cerro Galapago North |
Testing IP chargeability high/high resistivity |
7 |
Cerro Galapago North |
Testing IP chargeability high/moderate resistivity |
8 |
East Mine Trend |
Testing IP chargeability high/high resistivity |
9 |
East Mine Trend |
Testing IP chargeability high/high resistivity |
Timothy J. Turner, Chief Executive Officer of
Bocana, commented: "Management is excited to kick off our inaugural
2000 metre, diamond drilling program on our Escala Concession in
Bolivia. Primarily by drill testing of our 2000 x 2000 metre Cerro
Galapago, induced polarization, changeability anomaly, that is
related to a large porphyry system. Following that, detailed
geological mapping and systematic sampling of the cut core will
provide a good insite as to the extent and grade of the porphyry
mineralization. We will certainly be keeping our shareholders and
the market updated as our exploration programs advance over the
coming months."
Qualified Person
Mr. Lorne Warner, P.Geo., is a "Qualified
Person" as defined by National Instrument 43-101. Mr. Warner
supervised and approved the scientific and technical information
included in this news release and has approved its
dissemination.
About Bocana Resources
Corp.
Bocana is a mineral exploration company focused
on the acquisition, exploration and development of mineral
properties in South America. Bocana, through its wholly owned
subsidiary, Huiracocha International Service SRL, holds a 100%
working interest in the mineral properties known as the Escala area
concessions located at the Department of Potosi, Sud Lipez
Province, Bolivia as awarded by Comibol.
Contact Information
For more information on Bocana, visit:
https://bocanaresources.com.
For more information or interview
requests, please contact:
Timothy J. Turner – Chief Executive
Officerinfo@bocanaresources.com
Forward-Looking Information
This news release contains "forward-looking
information" within the meaning of applicable securities laws.
Forward-looking information can be identified by words such as:
"intend", "believe", "estimate", "expect", "may", "will",
“approximately”, “planning”, “projected”, “anticipate” and similar
references to future periods. Although Bocana believes that, in
light of the experience of its officers and directors, current
conditions and expected future developments and other factors that
have been considered appropriate, the expectations reflected in
this forward-looking information are reasonable, undue reliance
should not be placed on them because Bocana can give no assurance
that they will prove to be correct. Forward-looking information is
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance
or achievements of Bocana, as the case may be, to be materially
different from those expressed or implied by such forward-looking
information, including but not limited to: general business,
economic, competitive, geopolitical and social uncertainties; the
actual results of current exploration activities including Phase 1;
risks associated with operation in foreign jurisdictions; ability
to successfully integrate purchased properties or mining rights
awarded; foreign operations risks; and other risks inherent in the
mining industry. Although Bocana has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking information,
there may be other factors that cause results not to be as
anticipated, estimated or intended. Readers are cautioned not to
place undue reliance on forward-looking information. Additional
risks include those disclosed in the Information Circular, which
are incorporate herein by reference and are available through SEDAR
at www.sedar.com. The forward-looking statements contained in this
news release are made as of the date hereof, and the Company
undertakes no obligation to update publicly or revise any
forward-looking statements or information, except as required by
law.
This news release is not an offer of the
securities for sale in the United States. The securities described
in this news release have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold
in the United States or to, or for the account or benefit of, U.S.
persons (as defined in Regulation S under the U.S. Securities Act
of 1933, as amended) absent registration or an exemption from
registration. This news release shall not constitute an offer to
sell or a solicitation of an offer to buy nor shall there be any
sale of the securities in any state in which where such offer,
solicitation or sale would be unlawful.
Neither the 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 news release.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a6696677-6804-424b-bba4-db42ba27ede1
Bocana Resources (TSXV:BOCA)
과거 데이터 주식 차트
부터 2월(2) 2025 으로 3월(3) 2025
Bocana Resources (TSXV:BOCA)
과거 데이터 주식 차트
부터 3월(3) 2024 으로 3월(3) 2025