Touchstone Gold announces commencement of stage 4 drilling program and the identification of a new target zone at the Segovia Gold Project in Colombia
Tuesday, Feb 19, 2013
Touchstone Gold Limited ("Touchstone Gold" or the "Company")(TSX:TCH)(AIM:TGL) is pleased to announce the commencement of the Stage 4 Drilling Program, as scheduled, and the identification of a new drill-ready target zone at its Segovia Gold Project in the Department of Antioquia, Colombia.
Touchstone President and CEO, David Wiley, commented, "We are excited to begin our Stage 4 Drilling Program, building on our previous drilling success. We will be stepping out along strike and down dip from the known gold mineralization at the 1141 zone and also testing two other prospective zones, presenting opportunities for new discoveries. We expect to turn assays around quickly and look forward to reporting the first results in April, which we are hopeful will confirm the high potential of our assets in the region."
Stage 4 Drilling Program
Two drilling rigs have been mobilized to the Segovia Gold Project (the "Project") to carry out the Stage 4 Drilling Program, as scheduled. The initial 5,000-metres of the Program will be conducted in three target zones - Tagual, 1141 and Bern, located in the Rio Pescado property of the Company's Segovia Gold Project (Figure 1).
The Bern Zone is located approximately 500 metres southeast of the most recent drilling in the Filodehambre Zone at the Rio Pescado property.
The Bern Zone is characterized by a gold-tellurium ("Au/Te") geochemical anomaly measuring approximately 400 metres in strike length by 150 metres in width. The geochemical anomaly is underlain by an IP chargeability anomaly with a corresponding resistivity high.
This coincidental Au/Te anomaly is similar to many of the areas of gold mineralization in the Pepas-Filodehambre areas of the project.
Recently obtained geophysical data suggests that the IP chargeability anomaly continues to the south onto the El Cinco Property. Touchstone Gold plans to aggressively pursue this recently identified area of interest in the upcoming drilling Program.