Tarsis Prepares to Drill Gold Targets at Erika, Mexico
Tarsis Resources Ltd. (TSXV: TCC) (?Tarsis?) is pleased to announce that it has commenced an exploration program
which includes diamond drilling at its Erika project, located in Mexico.
A diamond drilling contract for 2,000 meters has been awarded to Landdrill International and drilling is expected to begin
within one week. The planned drilling will test for precious metals
within a low-sulphidation epithermal environment.
In addition to the diamond drilling, Tarsis
plans to prospect and collect stream sediment samples from previously
under-explored parts of the 16,000 hectare property. Collection of stream
sediment samples is a cost effective way of identifying anomalous zones of
mineralization for later follow up work.
The diamond drilling program is targeting geochemical soil anomalies
believed to be part of a large epithermal system present on the property.
The drill targets are further supported by Natural Source Audio
Magneto-Telluric (NSAMT) geophysical anomalies.
The Erika Project
The Erika project, located in Guerrero State, Mexico, features
hydrothermal alteration, including silicification, argillic alteration, and dolomitization
interpreted to be representative of steam heated alteration. Replacement silicification typical of a paleo
water table environment representing the top or old surface of the once active
hydrothermal system is also present. The property also includes several
areas of intense clay-sulphate alteration, all of
which are indicative of a low-sulphidation epithermal
system.
The project is road accessible with the paved Federal Highway 95 running
through the eastern boundary of the claims. Torex
Gold Resources Inc. (TSX: TXG) owns the adjoining Morelos Norte project,
which features a 3.0 million ounce gold resource in skarn hosted mineralization. Goldcorp Inc. (NYSE:
GG) owns the Los Filos project, located a short
distance south of Erika, which produced 239,000 ounces of gold in 2009 and
features 5.64 million ounces of gold reserves.
President and CEO, Marc Blythe stated ?While we
prefer to option our projects to other companies for advancement, we felt that
the drill targets at Erika were compelling and required testing. The use
of NSAMT geophysics for targeting these types of systems has been proven
effective by Mag Silver at their Juanicipio
project, also in Mexico. At Erika, we also have soil geochemical
confirmation of the anomalies which improves the quality of the targets.
Erika is located in close proximity to several
very significant gold deposits.?
Acme Resources Withdraws from Tim Option Agreement
Acme Resources Inc. (TSXV: ARI), formerly known as International KRL Resources (?KRL?)
has withdrawn from an option agreement on the Tim property (Yukon), which they
referred to as the Wolf property. The agreement which was signed in
September 2007 saw KRL spend approximately $800,000 on exploration including
drilling five diamond holes (1,254 meters). KRL has increased the size of
the property to 288 claims (approximately 6,000 hectares) and returned the
claims in good standing until 2013. Tarsis will
now compile the exploration data and offer the project to other interested
companies. The project is located close to Silvercorp
Metals Inc.?s (NYSE: SVM) Silvertip project.
The qualified person responsible for the technical disclosure in this
press release is Marc G. Blythe, P.Eng. Mr.
Blythe is the President and CEO of Tarsis Resources
and he has reviewed the content of this release.
About Tarsis Resources
Tarsis is an
exploration company following the prospect generator business model, with
fourteen mineral properties in Yukon, Canada and one in 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
FOR FURTHER INFORMATION PLEASE
CONTACT:
Tarsis Resources Ltd.
Marc G. Blythe, P.Eng., MBA.
Mark T. Brown, C.A.
President and Chief Executive
Officer
Chief Financial Officer
(604) 689-7644
(604) 687-3520
Email: info@tarsis.ca
Website: www.tarsis.ca
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.