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Bocana Resources (TSXV:BOCA) signs contract to drill in Bolivia

Mining, The Watchlist
TSXV:BOCA
04 April 2023 13:51 (EDT)

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Bocana (BOCA) has signed a diamond drilling contract for its Escala Project in Bolivia.

The contract, signed with Leduc Drilling S.R.L., is slated to begin on April 17, 2023, with a 4-5 week timeline for the 2,000-m phase 1 drilling program on the gold, silver and copper project.

Drilling will focus on the Cerro Galapago area of the Escala concession over approximately 5-9 drill holes, each 250 m deep, in areas of high chargeability/moderate to high resistivities.

The Cerro Blanco area and an untested area of high chargeability and resistivity anomalies indicating silicification and quartz veining with high sulphide content will each receive two drill holes, each 250 m long, with the remaining holes focused along the main mine trend to the east, which contains known historical precious and base metal veins.

Phase-1 assays will determine a 3,000-m phase-2 program.

CEO Timothy Turner spoke with Simon Druker about the news.

Bocana is a mineral exploration company focused on properties in South America.

Bocana Resources (BOCA) last traded at $0.035 per share.

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