Turmalina Metals Corp (OTCMKTS:TBXXF) (CVE:TBX) Stock Gains Momentum: Here is Why

January 25, 2022January 25, 2022 Ash K CVE:TBX, OTCMKTS:TBXXF, TBX, TBX news, TBX stock, TBXXF, TBXXF news, TBXXF stock, Turmalina Metals Corp (OTCMKTS:TBXXF) (CVE:TBX)

Turmalina Metals Corp (OTCMKTS:TBXXF) (CVE:TBX) is up 5% in a week. The company has announced the start of a 2022 field project at the San Francisco Project in San Juan, Argentina.

Market Stats

On Monday, TBXXF stock jumped 1.34% to $0.3817 with 1k shares, compared to its average volume of 68.7k shares. The stock has moved within a range of $0.3817 – 0.3817 after opening trading at $0.3817.

Turmalina Starts Aggressive 2022 Exploration Campaign on Multiple High-Grade Targets

The company identified SFdLA breccia pipe as among the largest-grade tourmaline copper-gold-silver breccias yet encountered during its drilling at the project. Because tourmaline breccia pipes exist in groups, the project was extended to 34,600 ha from 3,400 ha in 2021. Numerous breccia and vein structures have yielded highly positive results during the initial examination of this extended area.

The focus of the 2022 field project is on identifying and drilling additional targets in the extended proposed project region, with comprehensive mapping and testing already ongoing at high-priority drilling sites, including many recently found intrusion-connected gold channels. Besides the ongoing testing at the identified projects, the company will conduct other works at the numerous reported projects that include the 30m to 70m Los Pirquineros breccias in the coming weeks. So TBXXF is worth watching.

Key Quote

Dr. Rohan Wolfe, Chief Executive Officer, states:

“Following the systematic exploration of our new ground in 2021 we are looking forward to testing the high priority targets discovered to date. The Ethan breccia is almost identical to the surface expression of the high-grade SFdLA pipe and is an obvious promising target that we look forward to drill testing. Our team is now conducting detailed studies at several other highly encouraging breccia systems, including Los Pirquineros and Santa Barbara.

Traders Corner

TBXXF stock is trading below the 20-Day and 50-Day Moving averages of $0.3835 and $0.4077 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.5919.