High Grade Deposit in Ecuador
Alain Bureau, President & CEO of Toachi Mining speaks about their high grade deposit in Ecuador consisting of gold, copper and zinc.
“I was born in the mining camps, I’ve seen the ups and downs in the market. Toachi is an asset that is formed by people that have the experience to build the asset. The main focus of Toachi Mining is operating in Ecuador. We are developing a very high grade VMS deposit. It has very easy access, access to water electricity and manpower. This very high grade deposit is composed of gold, silver, copper, zinc and lead. Most of the value of the rock comes from gold and copper. We now have to find two million tonnes at 13 grams per tonne of gold equivalent. This deposit had been mined way back in the 70’s and what we discovered is there are many parts of the deposit that hasn’t been touched and hasn’t been discovered. Through the drilling we’ve done, we’ve been able to dramatically increase the tonnage we have. We already have defined the 42- 101 resource and we’re rolling into a PEA. We should be delivering in the first half of this year and at the same time we’re going to be rolling into the second half of the year where we’re going to be starting drilling, as we got some great results on the regional exploration. That exposed us to a lot of the metals of which the price is expected to grow during 2019 and 2020.” – Alain Bureau, President & CEO of Toachi Mining
Toachi brings a disciplined and veteran team of project managers together with one of the industry’s highest grade polymetallic projects at La Plata in Ecuador. Toachi is focused on and committed to the development of advanced stage mineral projects throughout the Americas using industry best practices combined with a strong social license from local communities. Toachi Mining has 81,166,435 shares issued and outstanding.
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