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King Copper Discovery Corp. reports mineral exploration developments tied to the Colquemayo copper-gold-silver project in southern Peru. The company, formerly Turmalina Metals Corp., trades on the OTCQB under TBXXF and on the TSXV under KCP, with updates centered on the Colquemayo option property, historic drilling, geological modeling, and exploration planning.
Recurring announcements include technical-team and board appointments, strategic advisory additions, private placement financings, warrant or share issuances, and equity incentive grants. Company news also addresses community and social-affairs capacity in Peru, conference participation, and the completed corporate name and symbol change that aligned the issuer with its copper-focused exploration strategy.
Turmalina Metals Corp. (TBXXF) announced promising drilling results from its Chanape project in Peru, revealing extensive gold-silver-copper mineralization. Notable findings include 48.05m @ 1.67% Cu, 0.9 g/t Au, and 178 g/t Ag from drill hole CHT-DDH-041. The drill program has totaled 2,257.7m, with results pending for the last two holes. The project shows potential for high-grade mineralization with multiple breccia pipes identified. Drilling will resume after the rainy season, which lasts until the end of March.
Turmalina Metals Corp. (TBXXF) has announced updates from its San Francisco de Los Andes Project, expanding its land position to 40,340 ha. The latest exploration has identified seven high-priority targets and involved extensive sampling, including 7,927 soil samples and 1,240 m of channel samples. Significant rock chip results include 12m @ 7.1 g/t Au and 115 g/t Ag. The company has also planned a drill program for 2023 to advance these targets, ensuring continued progress in a key mining jurisdiction.
Turmalina Metals Corp. (TBXXF) has reported promising initial drilling results at the Chanape project in Peru, with significant gold-silver mineralization discovered in the first four drill holes of a planned 2,300 m program. Notable results include Breccia 8 with 39.6m @ 3.79 g/t Au and 18 g/t Ag, and Breccia San Antonio with 33m @ 1.55 g/t Au and 66 g/t Ag. The project shows potential for deeper, high-grade copper-gold-silver deposits. The company will continue deeper drilling to explore these promising zones further.
Turmalina Metals Corp. has begun drilling at the Chanape Project in Peru, targeting high-grade tourmaline gold-silver-copper breccia pipes. This initial phase includes 8 to 10 drill holes across three identified zones, which may indicate a deeper porphyry system. The project showcases significant exploration potential, supported by a recent independent technical report. Additionally, the company has granted 1,550,000 stock options to directors and employees with an exercise price of $0.35, expiring in five years.
Turmalina Metals Corp. has appointed Mr. James Rogers as the new CEO effective July 20, 2022. Rogers has extensive experience in the mining industry, leading exploration and drilling projects across multiple continents. He has a notable history of successful mergers and acquisitions and capital raising. Succeeding Dr. Rohan Wolfe, who will continue as a Technical Advisor, the leadership transition aims to leverage existing high-grade copper-gold-silver assets in Argentina and Peru. The company is set to commence drilling at the Chanape Project, with strong potential due to multiple identified high-grade breccia zones.
Turmalina Metals Corp. (TBXXF) announced the filing of a Technical Report on its Chanape gold-silver-copper project in Peru. Prepared by Caracle Creek SpA, the report identifies multiple high-grade tourmaline breccia pipes and recommends a two-phase exploration program. Phase 1 involves 10 drill holes targeting 3 breccia pipes, while Phase 2 may require USD 5.5M for further exploration. CEO Dr. Rohan Wolfe emphasizes the project's strong potential for significant mineralization.
Turmalina Metals Corp. announces the receipt of the Ficha Técnica Ambiental (FTA) permit for its Chanape Project in Peru, enabling drilling preparations for high-grade Cu-Au-Ag breccia pipes. The project, located in Lima Province, has shown historical intersections of significant mineralization, including 71m at 1.92% Cu and 0.81 g/t Au. With over 20 identified breccia occurrences and a potential for large tonnage Cu-Mo systems, the company is planning to drill these targets soon. A water permit is anticipated in June, completing the necessary permissions for the drilling to commence.
Turmalina Metals Corp. (TBXXF) announced the identification of multiple priority drill targets in its expanded 345 sq km land package in San Juan, Argentina. The land acquisition increased holdings significantly by 1,018% to 34,651 hectares, consolidating various mineralized areas. The company has conducted extensive sampling, revealing promising assay results, including high-grade values of up to 9.2 g/t Au and 5% Cu. Current exploration efforts focus on drilling multiple targets with strong mineralization potential, particularly at the SFdLA Project.
Turmalina Metals Corp. (TBXXF) has commenced its 2022 field program at the San Francisco Project in Argentina. The SFdLA breccia pipe has been established as one of the highest-grade of its kind. The project area expanded significantly in 2021, now covering 34,600 ha, with promising exploration results reported. The focus of the 2022 program includes detailed mapping and sampling of multiple high-priority targets, with impressive assay results from breccia and vein systems. Dr. Rohan Wolfe noted a strong cash position to fund exploratory activities throughout the year.
Turmalina Metals Corp. (TBXXF) has reported progress on the San Francisco Project, expanding its area from 3,400 ha to 34,600 ha. Initial exploration results are promising, with over 3,200 soil samples and 2,000 rock chip assays revealing significant gold, silver, and copper mineralization across multiple sites. Notable finds include high-grade samples from breccia and vein systems, with assays of 0.7 to 3.5 g/t Au, 10 to 145 g/t Ag, and up to 5.2% Cu. The company remains well-funded for ongoing exploration and will resume drilling in summer 2022.