Toachi Mining Inc. announced results from on-going drilling from a first phase drilling program at its La Plata gold-rich volcanogenic massive sulphide (VMS) project in Ecuador. Program highlights: Hole CMLP-16-03 intersected 3.7 metres (m) of massive sulphide mineralization grading 10.22 grams per tonne (g/t) gold, 146.38 g/t silver, 1.81% copper, 2.07% lead and 29.43% zinc from 253.3 m. This VMS intersection is within a wider 12.7 m zone grading 4.04 g/t gold, 51.22 g/t silver, 0.56% copper, 9.18% zinc and 0.90% lead from 253.3 m to 266.0 m. Hole CMLP-16-04 intersected 5.3 m grading 5.19 g/t gold, 40.24 g/t silver, 3.15% copper, 8.98% zinc and 0.59% lead from a shallow depth of 45.6 m. This is within a wider 8.4 m intersection grading 4.16 g/t gold, 29.25 g/t silver, 2.7% copper, 5.81% zinc and 0.38% lead from a depth of 44.6 m to 53.0 m. Phase One Program Results: The drill results above form part of a first phase 4,000-m drill program which began in August and is designed to validate the historic drilling database at the La Plata project. The drilling program is intended to infill and expand known resources in the main La Mina VMS lens leading to the completion of a National Instrument 43-101 compliant resource estimate later next year. Hole CMLP-16-03 intersected the southern portion of the main VMS deposit over a width of 3.7 m, which is typical of the range of drill intercepts in the historic data base. The high grade VMS zone is within a wider 12.7-m zinc-rich disseminated zone grading 9.18% zinc and 4.04 g/t gold. Hole CMLP-16-04 was collared in the area of the former La Mina open pit mine and intersected a 8.4 m intersection grading 4.16 g/t gold, 29.25 g/t silver, 2.7% copper, 5.81% zinc with 0.38% lead from 44.6 m. This intersection includes 5.33 m grading 5.19 g/t gold, 40.24 g/t silver, 3.15% copper, 8.98% zinc and 0.59% lead. Hole CMLP-16-07 was drilled in the upper flank of the VMS lens in the southern portion of the main VMS deposit and intersected several narrow zones of copper and zinc mineralization including 1.83 m grading 4.6% copper.