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Exploration Activities
Completed Programmes:
To date, Touchstone has drilled over 15,000 metres over 193 drill holes at its Segovia Gold Project, of which 8,300 metres in 74 diamond drill holes were drilled at the Project's Rio Pescado zone from June 2011 to March 2012. Touchstone's Stage 3 drilling programme, soil sampling and geophysics successfully doubled the area of known gold mineralization and discovered multiple additional high-grade gold areas within the Rio Pescado zone (Figures 2 and 3). Highlights from the Company's drilling programme can be found in Table 1 below.
Table 1 - Highlights from Drilling at Segovia Gold Project
---------------------------------------------------------------------------- Intersection (metres) ---------------------------------------------Drill Hole Gold GradeNumber From To Width (g/t Au)----------------------------------------------------------------------------LPD - 1279 56.45 84.70 28.25 8.75----------------------------------------------------------------------------LPD - 1286 6.10 22.90 16.80 8.70----------------------------------------------------------------------------LPD - 1162 48.35 56.70 15.00 9.13----------------------------------------------------------------------------LPD - 1159 45.25 68.50 21.75 5.84----------------------------------------------------------------------------LPD - 1124 10.60 19.00 8.40 14.07----------------------------------------------------------------------------LPD - 1157 0.00 23.20 23.20 4.03----------------------------------------------------------------------------LPD - 1273 30.50 39.90 9.40 9.04----------------------------------------------------------------------------LPD - 1281 21.30 39.20 17.90 4.29----------------------------------------------------------------------------LPD - 1165 42.40 57.05 14.65 4.24----------------------------------------------------------------------------LPD - 1131 67.60 70.00 3.40 17.58----------------------------------------------------------------------------
Upcoming Programmes
Following its successful exploration and drilling programmes to date, Touchstone will continue to explore the various mineralized zones located on the Segovia Gold Project. The initial 15,000 metres of the Stage 4 infill and step-out drilling programme is scheduled to commence in Q1 2013 and will focus on expanding the areas of known gold mineralization and testing advanced targets (Figures 4 and 5). The Company plans to initiate a maiden NI 43-101 resource estimate on the Rio Pescado zone upon receiving assay results from its Stage 4 drill programme.
Less than 5% of Touchstone's 24,699-hectare concession has been drilled to date. The Company intends to drill other identified exploration targets at the San Miguel property in the latter part of 2013 to assess their mineralization potential. Additionally, the Company intends to conduct ongoing geological mapping, geochemical sampling, and geophysics on its concessions to identify new drill targets.
