Resources Ltd. (TSX VENTURE:TCC) (“Tarsis” and “the
Company”) is pleased to announce that it has carried out further
exploration at its Yago project, including sawn channel sampling of outcrop,
mapping and rock and soil sampling. The Yago project features gold and silver
mineralization within a low-sulphidation epithermal environment.
Sawn Channel Sampling
Sawn channel sampling was carried out within the northeastern part of
the La Tejona trend at a target area referred to as the Caliente Zone
(previously known as Creek Zone). Detailed mapping re-interpreted the Caliente
Zone as an east-northeast striking zone of intense silicification accompanied
by multiple generations of crustiform and coliform banded quartz veining in
addition to polyphase brecciation. Dominant planar fabrics defining the zone
dip moderately to the northwest while a strongly pervasive northerly trending
fracture set cuts across the zone and this contains minor crustiform banded
quartz veins, veinlets and dry fractures.
Sampling at the Caliente Zone consisted of 8.9 m of exposure within an
interpreted 12 m total true thickness. The average grade of the 8.9 m of sawn
channel sampling is 4.12 g/t gold and 32.8 g/t silver. Approximately 3.0 m of
the zone is covered by slough and vegetation within a narrow localized drainage
and this portion of the zone was not sampled.
Channel locations were chosen to optimize cuts perpendicular to the
main banding orientation. Thirteen cuts were located at differing elevations
along a 60 m section of the zone. Cuts across individual bands and sections of
silicification within the zone were projected to a central section and
cumulatively interpreted to represent a continuous sample series across the
Caliente Zone with the exception of the 3.0 m gap near the hangingwall contact.
Assay results include 3.00 m grading 11.10 g/t gold and 31.6 g/t
silver, which in turn includes 1.35 m grading 22.34 g/t gold and 36.5 g/t
silver. Detailed assays from the sawn channel sampling are shown in the table
below:
Sample Width (m) Au (g/t) Ag (g/t)
Q346212 0.65 1.05 12.9
Q346213 0.65 1.52 123.0
Q346214 0.95 0.97 59.9
UNSAMPLED 3.00 – –
Q346204 0.55 4.92 18.4
Q346205 0.60 0.29 8.3
Q346206 0.85 17.60 26.7
Q346207 0.50 30.40 53.2
Q346208 0.50 0.53 61.0
Q346210 0.85 0.03 1.3
Q346211 0.85 bdl 0.9
Q346222 0.65 0.23 9.5
Q346223 0.65 0.30 29.5
Q346224 0.65 0.64 37.9
Widths are interpreted to be true width
bdl – below detection limit
The sample series and results listed in the table are consecutive from
the hangingwall contact down through the footwall contact where exposure has
permitted access for sawing.
Clearing of vegetation roughly 70 m northeast along the trend of the
Caliente Zone revealed abundant vein and silicified breccia material scattered
along the surface. Ten samples collected within a 20 m by 20 m area at the
northeast end of the trend returned gold values ranging from 0.21 g/t to 6.1
g/t and silver values ranging from 46 g/t to 1,460 g/t. Seven of the ten
samples yielded gold values greater 1.00 g/t Au and 150 g/t Ag and the average
grade of all ten samples collected was 2.46 g/t Au and 475 g/t Ag.
One excavator trench was located between the new float discovery and the
northeastern end of the Caliente Zone outcrop. The trench exposed tan and red
weathering andesite within the interpreted hangingwall part of the zone and
large angular quartz rubble where the top or hangingwall contact of the zone
projected along strike. Bedrock exposure of the vein zone was not possible due
to the capabilities of the equipment. Four samples of crustiform and coliform
banded quartz plus silicification and breccia were collected from the base of
the trench where this material was concentrated along a 3 m section. Gold and
silver grades ranged from 0.33 g/t to 2.63 g/t and 55.8 g/t to 537 g/t,
respectively.
Tarsis believes the mineralization within the Caliente Zone at this
particular location within the 1,600 m long La Tejona Trend is relatively high
level but very near the top of the fertile part of the epithermal system. This
target is considered a high priority given the thickness of the alteration zone
and the tenor of the mineralization at surface.
Photos of the sawn channel samples are available on the Tarsis website
(http://www.tarsis.ca/index.php/projects/mexico/yago-mexico#2014-sampling).
Mapping and Sampling
Tejona trend, over approximately 1,600 m, primarily focusing on historically
documented outcrops with no recorded history of sampling.
Deep pit soil sampling has been conducted at the south-western end of
the La Tejona trend in an area referred to as the Florencio Zone.
Additional prospecting was also carried out over select parts of the La
Tejona trend and other nearby areas of interest. Results from the mapping and
sampling will be provided in a later release.
The company is evaluating the results of this work and planning
additional exploration.
The Yago project covers approximately 22,000 hectares, located in
Nayarit State, Mexico. The property is accessed by paved road via Federal
Highway 15, which crosses the project. The state capital Tepic is located
approximately 50 kilometers south of the project.
Sawn samples were approximately 4 cm in width, resulting in relatively
large samples per interval, which the Company believes improves the reliability
of the sampling. Samples were delivered to ALS Minerals at Guadalajara for
sample preparation and all analyses were completed in North Vancouver. Gold
values were determined using 30 gram fire assay and other elements were
analysed using 51 element ICPMS techniques.
The technical information contained in this press release was prepared
by Mr. Marc G. Blythe, P.Eng., the President and CEO of Tarsis Resources Ltd.
Mr. Blythe is a Qualified Person as defined by NI 43-101.
About Tarsis Resources
Tarsis is an exploration company following the prospect generator
business model. The Company acquires prospective exploration projects by
acquisition or through its own grass roots generative exploration, adds value
and then vends or options out projects to partners for advancement.
On behalf of the Board,
Marc G. Blythe, P.Eng., MBA.
President and Chief Executive Officer
This news release was prepared by Company management, which takes full
responsibility for content. Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Marc G. Blythe, P.Eng., MBA.
President and Chief Executive
Officer
(604) 689-7644
Email: [email protected]
Mark T. Brown, C.A.
Chief Financial Officer
(604) 687-3520
Website: www.tarsis.ca
