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Turmalina Metals begins trading on TSX Venture Exchange

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Turmalina is focused on the exploration and development of high-grade gold-bearing tourmaline breccias at the 3,404-hectare San Francisco Project, located in the mining-friendly state of San Juan, Argentina.

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Company: Turmalina Metals Corp.
Website: http://www.TurmalinaMetals.com
Stock Symbol: TSXV: TBX
Date Published: Dec 3, 2019
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Turmalina Metals Corp. is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “TBX”.

Turmalina is focused on the exploration and development of high-grade gold-bearing tourmaline breccias at the 3,404-hectare San Francisco Project, located in the mining-friendly state of San Juan, Argentina.

The project area contains over 60 tourmaline breccia occurrences, several of which have supported small-scale mining.

Turmalina has completed 10 diamond drill holes at the San Francisco de Los Andes breccia pipe at its San Francisco project.

The recently completed 1570 meter diamond drill program at the San Francisco project tested the depth extension of the San Francisco de Los Andes breccia pipe with 10 inclined holes drilled across the breccia.

These holes intersected broad 40 to 200+ meter wide zones of strong, sulphide-rich breccia mineralisation beneath several historic shallow holes drilled by private owners in 1990.

The company reported significant intersections, including some of the highest gold grades ever returned for tourmaline breccia-style mineralization.

The mineralogy and geological setting indicate that only the top of this breccia pipe has been exposed, and there is excellent potential for growth both at depth and laterally.

The company is focused on mapping and sampling the breccias in the project area, and drill testing the highest priority targets.

Dr. Rohan Wolfe, CEO, stated: “The identification and acquisition of these high-grade, gold-bearing tourmaline breccia projects is the result of two years of work and due diligence by our technical team including assessments on dozens of projects throughout South America. The exceptional drill results at the San Francisco Project highlight the high-grade, gold-rich nature of the San Francisco breccias, returning some of the highest gold-grades recorded for this deposit style. Drilling of the San Francisco de Los Andes breccia pipe shows that the pipe flares outward with increasing depth, a geometry typical of tourmaline breccias that indicates increasing upside at depth. Most significantly the drilled breccia pipe is only one of over 60 breccias mapped to date on our property, with recent sampling by the company identifying several breccias that have returned 1 to 10 g/t gold from surface sampling. We are now keen to accelerate work on the ground.”

Turmalina has entered into an agreement to explore the Turmalina copper-gold molybdenum project located in Piura, Peru.

The Turmalina Project hosts a cluster of undrilled tourmaline breccias that were historically mined for copper, gold and molybdenum.

The company is currently engaged in the permitting process and plans to commission a 43-101 report and start exploration should the permitting outcome prove to be favorable.

The company recently raised gross proceeds of $7 million Canadian from the placement of 14 million shares priced at $0.50 per share.

The shares are trading at $0.55.

For more information, please visit the company’s website www.TurmalinaMetals.com, contact Bryan Slusarchuk, President, at 604-308-6525 or by email at info@TurmalinaMetals.com.

I’m Megan Edwards for Investmentpitch Media