Tarsis Resources Ltd.

Published : August 03rd, 2011

New Zone Discovered at White River and Drilling Commenced at Prospector Mountain, Yukon

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New Zone Discovered at White River and Drilling Commenced at Prospector Mountain, Yukon

Tarsis Resources Ltd. (TSXV: TCC) (�Tarsis� and �the Company�) is pleased to provide an update on its exploration activities in Yukon.

White River � Sampling Results

Field crews have collected approximately 1,600 soil samples comprising infill and grid expansion sampling as well as ridge and spur sampling along prospective target areas elsewhere on the property.  In addition, prospecting and detail mapping has been carried out primarily within the alpine regions of the property.

The Cool Zone was identified through follow up prospecting of anomalous copper-in-soil geochemical anomalies defined from the 2010 soil sampling approximately 500 meters north of the HG Zone.  The Cool Zone is associated with an east trending lineament marked by a series of frost boils containing abundant limonite and traces of malachite over approximately 350 meters.  Assays have been received for seven select prospecting samples collected along the surface trace of the zone.  Gold values range from 0.02 g/t to 18.9 g/t, copper values range from 146 ppm to 22.1% and silver values range from 2.25 g/t to 595 g/t.

Four hand trenches have been excavated across interpreted mineralized structures identified through prospecting and soil sampling, including one trench across the Cool Zone and two trenches across the HG Zone.

The Company intends to carry out a detailed lineament analysis accompanied by further hand trenching and infill soil sampling once the first phase soil sampling results are received.  Subsequent work is intended to assist in defining potential drill targets.

Prospector Mountain � Drilling Underway

Partner Silver Quest Resources Ltd. (TSXV: SQI) (�Silver Quest�) has commenced a diamond drill program comprising approximately 4,000 meters.  In addition, Silver Quest has contracted a property-wide helicopter borne magnetic and radiometric survey.

Prospector Mountain is prospective for gold, copper and silver mineralization with high-grade select prospecting samples identified from a number of locations on the property during both 2009 and 2010.  Property geology is interpreted to support both porphyry and epithermal style mineralizing systems.

Silver Quest can earn an initial 60% interest in the property by making cash and share payments to Tarsis and funding exploration work on the property.  Full details of the option agreement are contained in Tarsis� press release dated 15 December, 2009.

Rogue � First Phase Prospecting & Sampling Completed

Tarsis has completed preliminary prospecting, stream sediment sampling and confirmation soil sampling of historical reportedly anomalous zones at the Rogue property, located in the Selwyn Basin.

Results for this work will be reported when received which is expected to be within 30 days.

Rosie � First Phase Prospecting & Sampling Completed

Preliminary prospecting, mapping and stream sampling have been carried out at the Rosie property.  Prospecting has identified a zone containing malachite (copper mineral) and galena (lead mineral) along with abundant quartz veining.

Approximately 500 soil samples have been collected from the area where malachite and galena were observed and results will be reported when received.

Burns � Prospecting & Sampling Underway

Preliminary prospecting and mapping have been carried out at the Burns property.  A sampling crew is currently collecting approximately 500 soil samples from a west-facing slope where elevated gold, copper and silver values were obtained from select prospecting samples collected during 2010.

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.


Tarsis Resources Ltd.

ISIN : CA87649P1080
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Tarsis is an exploration zinc and lead company based in Canada.


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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...
11/18/2010(Erika)Prepares to Drill Gold Targets at Erika, Mexico
10/27/2010(White River Property)Prospects 19.3 g/t Gold at White River, Yukon
8/31/2010(Mor Property)Drills 0.71% Copper and 0.41 g/t Gold over 7.80 meters
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.
4/29/2015Tarsis Completes Estrella Gold Acquisition; Alianza Minerals...
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...
3/4/2013Acquires Mexico and Nevada Gold Properties from Almaden
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
12/9/2010Acquires New Porphyry Prospect, Yukon
10/12/2010Announces White River Soil Assays and Additional Staking, Yu...
10/4/2010Closes Financing & Grants Options
9/20/2010Announces $1,000,000 Financing
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.
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