VANCOUVER, November 15, 2022 – Tourmaline Metals Corp. (“Tourmaline” or the “Company”; TBX-TSXV, TBXXF-OTCQX) is pleased to announce that initial drilling at the Chanape assignment (“Chanape” or the “Project”), 87 km east of Lima, Peru, intercepted extensive gold and silver mineralization in the first drill-tested gaps through the Company. meter.
Determined interceptions of this first batch of effects include:
Non-compliance 8:
San Antonio Gap:
Chanape’s assignment is characterized through gold, silver and copper tourmaline breeches (Au-Ag-Cu), with more than fifty known to date. Detailed sampling as well as analyses of favorable flakes and rock grooves led to the prioritization of Breccia 8, Gaps 10
The drillhole CHT-DDH-034 proved the extent of Au-Ag’s surface mineralization in Gap 8 approximately 80 m wide. of about 110 m to 50 m, respectively, while CHT-DDH-037 tested the shallow degrees of the San Antonio gap of about 40 m wide (Figures 1 to 5).
Au-Ag’s grades imply a superior perspective for the mineralization of premium copper, gold and silver at depth. Lately, the Company has a drill rig that drills deeper below intersections and tests more targets for precedence.
Mr. James Rogers, Executive Director, stated:
“The initial drilling effects of our Chanape drilling program are very encouraging, and we look to the future to verify the deeper gaps of those gaps that are larger, higher grade and rich in copper. This first drilling pass aims to systematically verify a number of gaps explained through our sampling and mapping programs, with the aim of defining the most productive gaps for deeper follow-up drilling. “
Tourmaline breccias exhibit strong vertical zoning, with Au-Ag in the most sensitive strait (the “roof”) of the gap stack propped up through deeper and wider high-grade Cu-Au-Ag mineralization. This is observed in historic drilling at Chanape, where shallow Au-Ag breccias such as Gap 8 (c. Au gaps such as Clint (i. e. 71 m @ 1. 92% Cu, 0. 81 g/t Au
Table 1 Phase 1 well intersections to the Chanape project.
*Intersections are not actual widths and further drilling and geological modeling of mineralized zones in gap stacks is required for actual well intersection widths. Intersections are decided on the basis of a cut-off grade of 0. 5 g/t Au or 0. 3% Cu, a minimum downhole duration of 2 m and a maximum sterile rock content of 2 consecutive meters. Gold equivalent (AuEq) and copper equivalent (CuEq) values are calculated assuming a recovery of one hundred percent using 1,670 USD/t oz. Au, $21/t oz. Ag and $7,900/t Cu (~3. 6$/lb Cu)
Table 2 Locations and targets of Chanape’s diamond drill wells included in this press release.
About the Chanapé Project
The 677 ha Chanape copper and gold allocation is located approximately 87 km east of Lima and is available via 24 km of unpaved road from the Tourmaline Operations Center in the city of San Damiano. The allocation of several stacks of highly mineralized tourmaline breccias that cluster around a giant mineralized intrusion of copper and molybdenum. Historic drill holes have shown mineralization in gap piles and recent surface geological mapping has added new ore bodies for monitoring.
To date, Tourmaline paintings have focused on interpreting ancient paintings while mapping and sampling more than 50 tourmaline gaps and epithermal veins documented in the work and drilling the most productive targets. A phreate-magmatic gap, measuring 700 to 200 m, has also been known as a prospective target for large-tonnage mineralization, a gold anomaly that coincides with maximum carrying capacity (PI).
Tourmaline has an option to keep one hundred percent of the Chanape project.
Other projects
The 34,600 ha San Francisco Facility is located in San Juan, Argentina. The allocation domain comprises more than 60 tourmaline and epithermal vein gaps, several of which have supported small-scale mining. The company aims to map and sample gaps and veins in the allocation domain, and drill tests of the highest precedence targets.
On behalf of the company,
Mr. James Rogers Managing Director and Director.
Website: turmalinametals. com Address: #488 – 1090 West Georgia St, Vancouver, BC V6E 3V7.
For investor relations inquiries, contact Bryan Slusarchuk at 1-833-923-3334 (toll-free) or info@turmalinametals. com.
Declarations
About Turmalina Metals and our assignments: Turmalina Metals is a TSX Venture Exchange-listed exploration company, approaching our portfolio of high-grade gold, copper and silver assignments in South America. We are in the tourmaline breccia, a sample of the deposit that many explorers missed. Turmalina Metals is led by a team responsible for several gold, copper and silver discoveries that has extensive experience in this type of deposit. Our assignments are characterized by high-grade open mineralization in established mining licenses that provide horny drill targets. The primary property assignment through Turmalina is the San Francisco assignment in San Juan, Argentina. For additional information on the San Francisco Project, please see the technical report titled “NI43-101 Technical Report San Francisco Copper-Gold Project, San Juan Province, Argentina” dated November 17, 2019 in the Company’s profile. at www. sedar. com. Turmalina is also exploring the Chanape assignment in Peru. For more information on Chanape, please refer to the “National Instrument 43-101 Technical Report on the Chanape Gold-Silver-Copper Project” dated July 5, 2022 on the Company’s profile at www. sedar. com .
Sampling and Analysis Procedure: Tourmaline Metals follows systematic sampling and investigation protocols that exceed industry criteria and are summarized below.
All drill holes are PQ, HQ or NQ diameter diamond holes. At Chanape, drill core is collected from the drill site and transported by vehicle to Turmalina’s core logging facility in San Damian, where recovery measurements are taken before core is photographed and geologically logged. with part of the pattern kept in the center box for long-term reference and the other part placed in a pre-labelled plastic bag, sealed with a zip tie. plastic and known with an exclusive pattern. Number. The core is patterned regularly over a 0. 5 to 1. 5 meter sampling period, unless the geologist determines the presence of significant geologic contact. In this case, the patterns can have a minimum duration of 20 centimeters. The bagged standards are then stored in a secure domain awaiting shipment to the ALS laboratory in Lima, where they are dried, ground, and pulverized. After standard preparation, the ready pulps are analyzed using a 50 g digest standard with AA-stack assay for gold and ICP-MS four-acid digest for another 53 elements. Samples exceeding the maximum gold detection values are reanalyzed by gravimetric final stack assay and other elements of interest are reanalyzed using exact ICP analytical techniques. Turmalina Metals independently inserts qualified criteria, thick blanks, and duplicates into the pattern stream to monitor quality of knowledge. These criteria are inserted “blindly” in the laboratory in the sampling series before leaving the facilities of the main garage of Turmalina Metals.
Qualified Person: The clinical and technical knowledge contained in this press release related to the San Francisco and Tourmaline projects has been reviewed and approved by Dr. Rohan Wolfe, Technical Advisor, MAIG, who acts as a Qualified Person (QP) as explained in National Instrument 43-101.
Forward-Looking Statement: This press release includes certain “forward-looking statements” within the meaning of such statements under applicable securities laws. Forward-looking statements are characterized by words such as “expects,” “plans,” “continues,” “expects,” “plans,” “intends,” “believes,” “expects,” “estimates,” “may,” “will “, “potential”, “proposed”, “positioned” and other similar words, or statements that certain occasions or situations “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or projections contained in the forward-looking statements throughout this press release. Forward-looking statements are based on controls’ reviews and estimates as of the date made and are subject to a variety of threats (including known threat points in the Company’s prospectus dated November 21, 2019). and uncertainties and other matters that may cause actual events or effects to differ materially from those projected in forward-looking statements. The Company is under no obligation, and expressly disclaims any purpose or obligation, to update or revise any forward-looking statement, whether as a result of new information, long-term events or otherwise, unless required by applicable law. expressly required.
There is no guarantee that government-imposed COVID-19-like measures in Argentina and Peru will be lifted. There is uncertainty about the form and duration of government movements and multiple policy adjustments regarding these measures may occur over time. The company may not provide updates on government actions and changes to such measures as they arise. COVID-19 protocols and the effects of the pandemic on service providers located in South America could cause delays in reporting long-term results.
Figure 1 – Chanape Project – Geology and drilled gaps. The allocation is characterized through more than 50 tourmaline (purple) gap chimneys and epithermal vein systems (red). This press release reports on the initial drilling of 3 gap chimneys: Gap 8, Gap 10
Figure 2 – Location of the wells in Chanape. Tests CHT-DDH-034 gap 8, tests CHT-DDH-035 and CHT-DDH-036 gap 10
Figure 3: Current drilling at Breccia 8. Drill hole CHT-DDH-034 drilled through Breccia 8, testing approximately 50 to 90 m under significant surface gold mineralization. https://www. globenewswire. com/NewsRoom/AttachmentNg/a43fa355-7ca5 -432F-8D00-82E085E22A0B
Figure – Current drilling at Breccia 10
Figure five: drill road in the San Antonio gap. CHT-DDH-037 tested the San Antonio gap approximately five 0 m of widespread surface gold mineralization. -efivea0a4dc2e21
Figure 6 – Typical hollow gap mineralization CHT-DDH-034 (Gap 8): A fine-grained aggregate of tourmaline, pyrite, arsenopyrite and chalcopyrite. CHT-DDH-034, 66. 5 m. De a 1 m standard containing on average 52 g/t gold, 111 g/t silver and 1. 4% copper. The photograph is from a certain period and is not necessarily representative of the mineralization that encloses the property. https://www. globenewswire. com/NewsRoom/AttachmentNg/10caaeb6 -4828-43B7-9501-DD5200FEDA56
Figure 7 – Typical hollow gap mineralization CHT-DDH-035 (Gap 10
Figure 8 – Typical gap mineralization in hollow CHT-DDH-036 (Gaps 10 and 11): chlorite-sericite altered volcanic clasts embedded in a weakly oxidized pyrite-arsenopyrite matrix. CHT-DDH-036, 181. 5 m. From 1 m standard containing on average 1. 5 g/t gold, 2 g/t silver and 0. 01% copper. The photograph is from a certain period and is not necessarily representative of the mineralization that encloses the property. https://www. globenewswire. com/ Newsroom/AdjuntoNg/a3dfe4aa-408b-4e8a-b69d-a7b937e2773c
Figure nine – Typical mineralization of the gap in hollow CHT-DDH-037 (Breccia San Antonio): Aggregate of coarse-grained pyrite-tourmaline-arsenopyrite-chalcopyrite. CHT-DDH-037, 4nine. 6 m. 6. 6 g/t gold, 302 g/t silver and 1. 4% copper. The photograph is from a certain period and is not necessarily representative of the mineralization that encloses the property. https://www. globenewswire. com/NewsRoom/AttachmentNg/ ec650fae-ninenine8a-4ninenine8-ninea3e-227c6e6b588a