Figure # 1 Drill Plan Map CALGARY, Alberta, Jan. 31, 2024 (GLOBE NEWSWIRE) Bocana Resources Corp. (TSXV: BOCA) (Frankfurt: VC1) ("Bocana" or the "Company") is pleased to announce assay results from diamond drill holes HRC2303-HRC2305 on the Escala area concession in southwest Bolivia. Assay results confirmed high grade gold/silver and base metals associated with late stage hydrothermal breccias. The Company's inaugural drilling was completed on October 24, 2023, and tested both the Cerro Gala
Pre-Tax NPV5% of C$1.07 billion, After-Tax NPV5% of C$588 millionPre-Tax IRR of 24.9%, After-Tax IRR of 18.0%Average LOM Annual Gold Production of 233 koz with AISC of US$976/oz over 11-year.