Welcome!

News Feed Item

Tarsis Cuts 3.00 m of 11.10 g/t Gold and 31.6 g/t Silver at Yago, Mexico

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/05/14 -- Tarsis 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

Preliminary mapping and sampling has been carried out along the La 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.

Contacts:
Tarsis Resources Ltd.
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

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"Storpool does only block-level storage so we do one thing extremely well. The growth in data is what drives the move to software-defined technologies in general and software-defined storage," explained Boyan Ivanov, CEO and co-founder at StorPool, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
Blockchain. A day doesn’t seem to go by without seeing articles and discussions about the technology. According to PwC executive Seamus Cushley, approximately $1.4B has been invested in blockchain just last year. In Gartner’s recent hype cycle for emerging technologies, blockchain is approaching the peak. It is considered by Gartner as one of the ‘Key platform-enabling technologies to track.’ While there is a lot of ‘hype vs reality’ discussions going on, there is no arguing that blockchain is b...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the b...
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
Is advanced scheduling in Kubernetes achievable?Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, answered these questions and demonstrated techniques for implementing advanced scheduling. For example, using spot instances and co...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
The use of containers by developers -- and now increasingly IT operators -- has grown from infatuation to deep and abiding love. But as with any long-term affair, the honeymoon soon leads to needing to live well together ... and maybe even getting some relationship help along the way. And so it goes with container orchestration and automation solutions, which are rapidly emerging as the means to maintain the bliss between rapid container adoption and broad container use among multiple cloud host...
Imagine if you will, a retail floor so densely packed with sensors that they can pick up the movements of insects scurrying across a store aisle. Or a component of a piece of factory equipment so well-instrumented that its digital twin provides resolution down to the micrometer.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
The need for greater agility and scalability necessitated the digital transformation in the form of following equation: monolithic to microservices to serverless architecture (FaaS). To keep up with the cut-throat competition, the organisations need to update their technology stack to make software development their differentiating factor. Thus microservices architecture emerged as a potential method to provide development teams with greater flexibility and other advantages, such as the abili...
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in order to protect your data and privacy, IoT applications need to embrace Blockchain technology for a new level of product security never before seen - or needed.
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory? In her Day 2 Keynote at @DevOpsSummit at 21st Cloud Expo, Aruna Ravichandran, VP, DevOps Solutions Marketing, CA Technologies, was jo...