Vancouver, British Columbia--(Newsfile Corp. - February 19, 2015) - Tosca Resources (CSE: TSQ) is one of the latest new listings on the Canadian Securities Exchange. Concurrent with its new CSE listing, the company has de-listed from the TSX Venture Exchange.
InvestmentPitch.com has produced a "video news alert" which provides a brief overview of the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Tosca" in the search box.
In October 2013 the company entered into a Letter of Intent with Alta Vista Ventures, to acquire a 100% interest in the Carol Copper Project located in Sonora, Mexico. The Carol Project is located in southern Sonora State, Mexico, and is less than 5 kilometres from the Piedras Verdes Copper mine, owned by the Invecture Group.
Piedras Verdes is the third largest producing copper mine in Mexico. Operated by Cobre del Mayo, the mine produces over 70 million lbs of copper annually, at a cash cost of $1.62 per lb copper.
At Tosca's 756 hectare Carol Project, polymetallic skarn mineralization containing copper, silver, gold and zinc has been outlined in two mineralized zones: one measuring 1,100 metres by 400 metres and the second 700 metres by 180 metres. Due to extensive, shallow overburden, the true extent of mineralization is unknown.
Previous trench sampling results at Carol encountered excellent copper values, including 0.86% copper over 48 metres and 1.94% copper over 10 metres. A Technical Report for the Carol Project is available on Sedar.com.
To earn its 100% interest in the Carol Project, Tosca must pay $50,000, issue 1,000,000 shares and incur $2,200,000 in exploration expenditures over a five year period.
The company is currently finishing off a private placement of up to 3.3 million units at $0.05 per unit, raising up to $165,000.
The company has 8.8 million shares outstanding.
For more information, please visit the company's website www.toscaresources.com, or contact Ron Shenton, President at 604-687-6562 or email info@toscaresources.com.
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