Tarsis Resources Ltd.

Published : October 27th, 2011

Completes Exploration Program at White River=2C Yukon

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Copper |

Tarsis Completes Exploration Program at White River, Yukon

  • 4 new mineralized showings identified
  • Samples range from below detection to 8.98 g/t gold
  • 14 hand trenches completed; results pending
  • 27 additional mineral claims staked to cover new anomalies

Tarsis Resources Ltd. (TSXV: TCC) (�Tarsis� and �the Company�) has completed its 2011 exploration program at White  River, Yukon, and is pleased to provide an update on recent activities and partial results.

The Company�s 2011 focus has been largely directed toward expanding its detail grid soil geochemical coverage and geological understanding of the targets within the western part of the property where significant gold-copper-silver discoveries have been reported from a number of showings and zones.  Additional work has also been conducted within the eastern part of the property including ridge and spur soil sampling plus subsequent follow up grid soil sampling.

The Company expects to receive additional assay data from soil and trench samples in November.

White River - West
Broad spaced grid soil sampling has now been conducted within an area roughly 4.5 by 2 km.  Much of the soil sampling covers a sequence of metasedimentary and metaplutonic rocks of the Slide Mountain Terrane (SMT) that overlie metasedimentary successions of the regionally extensive Yukon Tanana Terrane (YTT).  Both terranes are locally intruded by mid-Cretaceous granodiorite of the Nisling Range and younger felsic porphyry dikes.

Previously reported copper-gold-silver mineralization at the HG and Cool zones (See News Release dated August 3, 2011) are best characterized by copper (>50 ppm)-, arsenic (>50 ppm)-, and gold (>20 ppb)-in-soil geochemistry.  These anomalous thresholds persist over an area some 2.5 by 1.5 km that is largely coincident with the surface expression of the SMT strata.  Gold-in-soil values are coincidentally anomalous (>20 ppb) within this area and also form significant anomalous clusters in the peripheral underlying YTT stratigraphy.   

Infill soil sampling at 50 by 50 m spacing within a 1.5 by 1.5 km block of the main soil sample grid has highlighted very specific moderate to strongly anomalous gold, arsenic and copper trends.  The strongest trends (HG and Cool zones) are coincident with easterly oriented recessive lineaments up to 10�s of meters wide while less prominent secondary trends are associated with northeasterly oriented lineaments.  These trends have been verified by detailed ground based lineament mapping.  Additional infill sampling has been completed within two adjoining blocks totaling 2.5 km2, results for which are pending.

Follow-up prospecting of a number of soil geochemical anomalies has resulted in the expansion of the HG and Cool zones plus the discovery of four new showings.

Prospecting along strike at both ends of the HG and Cool zones discovered locally derived talus yielding significant gold-copper-silver values.  Mineralization varies from small pieces of limonite- goethite often with malachite staining to partially oxidized gabbro to rusty weathering silicified gabbro/metasedimentary talus with fine disseminated arsenopyrite.  The significant prospecting results along the trends of the Cool and HG zones are listed in Table I.

Table I � Cool and HG Zones

Zone

Sample Type

Gold (g/t)

Silver (g/t)

Copper (%)

Cool

Limonite

8.98

23.0

0.76

Limonite

-

18.7

-

Limonite

-

26.3

0.29

Limonite

0.35

82.7

2.93

HG

Gabbro + aspy

7.75

-

-

These prospecting results have extended the known mineralization at the Cool and HG zones in excess of 500 and 300 m, respectively.

In addition to the pending infill soil sampling peripheral to the main grid area, fourteen hand trenches were located at strategic sites along the HG and Cool zones plus a number of spot anomalies between the two zones.  Trench sample results are pending.

Four new showings were identified while prospecting lineaments and coincident soil geochemical anomalies.  The MB and BW showings are situated between the Cool and HG zones.  Mineralization at the MB Showing consists of dark brown limonite/goethite talus with malachite coatings concentrating in frost heaves along one of several northeasterly trending lineaments mapped in the area.  Mineralization at the BW Showing consists of dark brown to pale orange limonitic gabbro believed to be associated with an easterly trending lineament parallel to the Cool and HG zones.  

The remaining two showings, MS1 and MS2, are situated 700 and 550 m southwest and south of the HG Zone, respectively.  These showings are interpreted to occur largely within the upper metasedimentary sequence of the YTT near the contact with the overlying SMT rocks. Mineralization consists of fine- to medium-grained disseminated arsenopyrite plus minor chalcopyrite within large angular blocks of moderately texturally destructive silicified metasedimentary host rocks.  Significant prospecting results from the four new showings are listed in Table II.  

Table II � MB, BW, MS1 and MS2 Showings

Zone

Sample Type

Gold (g/t)

Silver (g/t)

Copper (%)

MB

Limonite

3.11

391

0.80

Limonite

0.41

173

0.88

BW

Limonitic Gabbro

1.00

-

0.20

MS1

Metasediments

1.45

31.2

0.41

Metasediments

1.11

9.5

0.28

Metasediments

0.55

8.7

0.18

Metasediments

-

45.9

0.90

MS2

Metasediments

1.11

-

-

Metasediments

0.88

-

-

Two broadly spaced north trending reconnaissance survey lines were established to collect detailed ground based magnetic and induced polarization (IP) data across the HG and Cool zones.  The survey was centered over the two zones and extended well past the surface expression of the strongest soil geochemical anomalies.  Results for these surveys are pending.

White River - East  
The eastern part of the property occupies a similar geological/structural setting as described in the west. 
Approximately 400 ridge and spur reconnaissance soil samples were collected during the first phase soil sampling program.  This work identified five sites anomalous for gold (below detection to 278 ppb) and/or copper (6 to 278 ppm).  As a result twenty-seven mineral claims were subsequently added to the property to cover the anomalies and approximately 800 grid soil samples were collected for which results are pending.

All field work for the 2011 field season is now complete and numerous assay results are pending for rock, trench and soil samples.

Marc Blythe, President & CEO commented: �We are very pleased with the progress that has been made at White River this season and the way key zones have been confirmed and extended.  The property now features compelling drill targets which can be tested early in the 2012 season.  We also managed to source most of our labour from communities close to the project which is especially pleasing.�

Tarsis is working to find an Optionee partner with demonstrated technical and financial capability to undertake the next levels of exploration at White River.

The technical information contained in this press release was prepared under the supervision of 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, with mineral properties in Yukon, Canada and Mexico.  The Company acquires projects on attractive terms, 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

 

Tarsis Resources Ltd.

EXPLORATION STAGE
CODE : TCC.V
ISIN : CA87649P1080
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Tarsis is a zinc and lead exploration company based in Canada.

Its main exploration properties are ERIKA, MEISTER, MOR PROPERTY, CARIBOU CREEK, WHITE RIVER PROPERTY, PROSPECTOR MOUNTAIN, CABIN LAKE, GOZ CREEK and TIM/WOLF in Canada.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Tarsis Resources Ltd.
9/17/2012Announces $502,500 Financing
2/14/2012Closes Financing for $1.2 million
2/10/2012Increases Financing to $1.2 million
1/25/2012(Prospector Mountain)Announces $1 million Financing and Prospector Mountain Opti...
4/27/2011Closes $1.6 Million Kinross Private Placement
Nominations of Tarsis Resources Ltd.
6/28/2010Appoints Mr. Adrian Fleming to the Board of Directors
Project news of Tarsis Resources Ltd.
6/26/2013(Erika)Provides Update on Gold Exploration at Erika, Mexico
2/21/2013(White River Property)Gets White River Property, Yukon Back From Optionee
2/5/2013(Erika)Options Erika Gold Project to Osisko Mining Corporation
11/29/2011Provides Exploration Results for the Rogue Prospect and New...
10/27/2011(White River Property)Completes Exploration Program at White River=2C Yukon
8/30/2011(Erika)Drills 2.25 g/t Gold over 3.60 meters in Sediment-Hosted Gol...
8/3/2011(Prospector Mountain)New Zone Discovered at White River and Drilling Commenced at...
5/26/2010(Mor Property)Drilling Scheduled to Begin Early June
11/2/2009(Prospector Mountain)Samples 82.2 g/t Gold, 5.97% Copper and 888 g/t Silver on Po...
9/16/2009(Mor Property)Exploration Program at MOR, Yukon
9/8/2009(Prospector Mountain) Samples 27.6 g/t Gold, 910 g/t Silver at Prospector Mountai...
Corporate news of Tarsis Resources Ltd.
4/21/2015Tarsis and Estrella Received Court Approval; Provide Update ...
4/8/2015Estrella Shareholders Approve Combination with Tarsis
3/10/2015and Estrella Provide an Update on Alianza Transaction Progre...
3/10/2015Tarsis and Estrella Provide an Update on Alianza Transaction...
2/26/2015Tarsis Resources Ltd. Enters Into Lockup Agreements With Est...
2/11/2015Tarsis Resources Ltd. and Estrella Gold Corporation to Form ...
1/27/2015Sandstorm Gold Announces 10 Royalty Agreements
1/27/2015Tarsis Acquires Eight Gold Properties in Nevada From Sandsto...
9/12/2014Tarsis Closes Financing
9/5/2014Tarsis Increases Financing
8/22/2014Tarsis Announces $250,000 Financing and Files US SEC Registr...
7/17/2014Tarsis Provides Update on Continuing Exploration at Yago Gol...
5/5/2014Tarsis Cuts 3.00 m of 11.10 g/t Gold and 31.6 g/t Silver at ...
10/2/2013Confirms High-Grade Gold Values at Yago, Mexico
9/18/2013Identifies Gold-Bearing Jasperoid Samples at BP, Nevada
8/14/2013Commences Exploration at Yago Gold-Silver Property, Mexico
6/17/2013Commences Exploration at BP, Nevada and Finalizes Almaden Pr...
10/9/2012Closes Financing for $1 Million
10/2/2012Increases Financing to $1.0 Million
9/10/2012Optionee Reports Final Diamond Drill Results from White Rive...
1/20/2012Samples 82.20 g=2Ft Gold across 1.0 meter at the HG Zone=2C ...
7/6/2011(Erika)Intersects Sediment-Hosted Gold Mineralization at Erika, Mex...
6/7/2011Stakes Rogue District Claims, Yukon (Infographic)
6/1/2011Stakes Rogue District Claims, Yukon
4/19/2011Announces $1.6 Million Private Placement, Kinross Takes 9.9%...
4/1/20112011 Exploration Plans
2/16/2011Stakes New Porphyry/Skarn Prospect, Yukon
8/3/2010Grassroots Copper, Gold and Silver Discovery at White River,...
7/30/2010Acquisition of Securities of Tarsis Resources Ltd.
5/12/2010Acquires Five New Gold Projects, Yukon
4/15/2010Closes $400,000 Financing
3/23/2010$500,000 Financing
3/4/2010Corporate Update and 2010 Plans
1/18/2010Silver Quest receives report on Prospector from Tarsis
12/15/2009Options Prospector Mountain to Silver Quest
12/8/2009Finds Rich Porphyry in Yukon
11/18/2009Clarifies Results from Prospector Mountain, Yukon
10/21/2009Additional Assays From Prospector Mountain, Yukon
9/10/2009Acquires Properties from Strategic Metals Ltd.
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (TCC.V)
0.040-11.11%
TSX-V
CA$ 0.040
08/27 13:19 -0.010
-11.11%
Prev close Open
0.045 0.045
Low High
0.040 0.045
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.040 -%
Volume 1 month var.
130,000 -%
24hGold TrendPower© : -2
Produces
Develops
Explores for Copper - Gold - Lead - Molybdenum - Silver - Uranium - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 9/15/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2020-55.56%0.060.04
2019-63.27%0.500.09
2018-45.56%0.830.20
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.12-0.77%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.38+0.85%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 3.37+2.43%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59+0.51%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.70+0.75%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 7.35+3.09%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.26-11.86%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.35+4.48%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.08+3.48%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 65.55+1.69%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :