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TCC Trenchant Capital Corp

0.04
0.00 (0.00%)
27 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Trenchant Capital Corp TSXV:TCC TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.04 0.045 0.085 0 01:00:00

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

05/05/2014 9:47pm

Marketwired Canada


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tarsis Resources Ltd.
Marc G. Blythe, P.Eng., MBA.
President and Chief Executive Officer
(604) 689-7644
Email: info@tarsis.ca


Mark T. Brown, C.A.
Chief Financial Officer
(604) 687-3520
Website: www.tarsis.ca

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