Tosca Mining Corporation announces new mine plan and PEA

Tosca Mining Corporation announces new mine plan and PEA

12. September 2012 Tosca Mining Corporation (TSQ-V; US: TSMNF; ESF: TQ4) are known, Mine Development Associates dass es aus Reno (Nevada) with the creation of an updated mine plan and a pre-Economic Assessment (PEA) für sein Molybdän-Kupfer-Projekt Red Hills in Presidio County (Texas) has commissioned.

At the 22. February 2012 Tosca Mining Corporation announced the completion of the first publicly reported mineral resource estimate in accordance with NI 43-101 for the Red Hills reservoir, die von Mine Development Associates („MDA“) aus Reno (Nevada) was created. The report includes 31 recently drilled wells and historical works of Tosca. The interesting mineralization at Red Hills is within a porphyry molybdenum deposit and a near-surface copper-bearing zone ("Copper Ceiling") before, about one 4.000 Foot (1.220 Meter) times 3.000 Foot (915 Meter) large area comprises. The porphyry molybdenum mineralization has a depth of about 2.000 Foot (610 Meter) on, although the mineralization to a depth of 1.000 Foot (305 Meter) is not well defined. Both the copper- and the molybdenum mineralization to the south beneath the overcoat of the mineralization remains open.

The resource includes (at a cutoff grade of 0,05 % Molybdenum equivalent) 27 Million pounds of molybdenum in the indicated category (21,7 Million tons grading 0,069 % Molybdenum) and 207 Million pounds of molybdenum in the inferred category (149,8 Million tons grading 0,069 % Molybdenum). The copper resource includes 69 Million pounds of copper in the Indicated category (21,7 Million tons grading 0,16 % copper) and 68 Million pounds of copper in the inferred category (149,8 Million tons grading 0,02 % copper).

Given the difficult market conditions, the company considered the scope of the proposed PEA. This examination led to the decision, to work on a production scenario, that by devising a smaller operation requires less capital, while is planned, reduce higher grade material, that was found within the copper blanket, to improve the efficiency.

"The two approaches, reduce higher grade material and designed a smaller plant, should improve the economics of the project Red Hills. Future extensions are possible at a better market position ", sagte CEO Dr. Sadek E. El-Alfy.

Tosca uses a technique- and construction companies from Arizona in the preparation of a cost estimate for a possible smaller plant.

Toscas Projekt Red Hills:

The molybdenum- Red Hills and Copper Project, which is already at an advanced stage, is 18 Kilometers north and west of the border town of Presidio (between Texas and Mexico), the U.S. at the Highway 67 and linked to the South Orient Railroad is. The 2.880 Acre project is located along a seven kilometer mineral district, the significance of precious- and base metal deposits is dominated, including the Shafter-Presidio silver deposit, which is owned by Aurcana is.

Für das Board of Directors,
“Ron Shenton”

The TSX Venture Exchange nor its Regulation Services Provider (described in the policies of the TSX Venture Exchange Regulation Services Provider) assume no responsibility for the adequacy or accuracy of this release.

Statements in this press release, are not historical information constitute, including statements about future plans and objectives or expected results of the company, may contain forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all risks and uncertainties inherent in resource exploration and development of. Accordingly, actual results may differ materially from those, projected in forward-looking statements.

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