Touchstone Gold begins further drilling at Segovia project

Touchstone Gold's shares gained Tuesday after the mining group announced it started further drilling at its Segovia gold project in Colombia.

Touchstone Gold's shares gained Tuesday after the mining group announced it started further drilling at its Segovia gold project in Colombia.

The company has kicked off the initial 5,000 metres at its stage four drilling programme and will target three zones - 1141, Tagual Zone and Bern Zone.

First assays from the drill programme are expected in April.

In the Bern Zone, Touchstone has identified a new target zone with a depth potential southeast of the 114.

The 1141 zone is located 200m south of the Filodehambre zone at the property, and so far has produced the best gold values and widest intercepts.

The Tagual Zone, 600 metres east of the Pepas zone, contains about 1,000 metres by 400 metres gold geochemical signature and hosts gold-bearing quartz vein material.

"We are excited to begin our stage four drilling programme, building on our previous drilling success," Chief Executive Officer, David Wiley, said.

"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."

Shares rose 2.78% to 9.25p at 09:57.

RD

Recommended

How to be better at selling stocks
Investment strategy

How to be better at selling stocks

There is plenty of advice around about buying stocks, but not so much about when you should sell. John Stepek explains the two key things to know abou…
14 Jan 2022
Share tips of the week – 14 January
Share tips

Share tips of the week – 14 January

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
14 Jan 2022
Fintech: how to profit as technology transforms banking around the world
Share tips

Fintech: how to profit as technology transforms banking around the world

Financial technology – from apps to APIs to the cloud – is rapidly transforming financial services. This will spell doom for some incumbent firms, whi…
14 Jan 2022
Three solid assets to buy for a low interest-rate world
Share tips

Three solid assets to buy for a low interest-rate world

Professional investor Luke Hyde-Smith of the Waverton Real Assets Fund, highlights three alternative investments to diversify your portfolio.
14 Jan 2022

Most Popular

Five unexpected events that could shock the markets in 2022
Stockmarkets

Five unexpected events that could shock the markets in 2022

Forget Covid-19 – it’s the unexpected twists that will rattle markets in 2022, says Matthew Lynn. Here are five possibilities
31 Dec 2021
Which investment trusts performed the best in 2021?
Investment trusts

Which investment trusts performed the best in 2021?

Shivani Khandekar runs through the top ten investment trusts of 2021 – and the worst performing trusts – and looks ahead to 2022.
7 Jan 2022
Interest rates might rise faster than expected – what does that mean for your money?
Global Economy

Interest rates might rise faster than expected – what does that mean for your money?

The idea that the US Federal Reserve could raise interest rates much earlier than anticipated has upset the markets. John Stepek explains why, and wha…
6 Jan 2022