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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 Provides Update on Gold Exploration at Erika, Mexico

26/06/2013 9:20pm

Marketwired Canada


Tarsis Resources Ltd. (TSX VENTURE:TCC) ("Tarsis" and "the Company") is pleased
to announce that option partner Osisko Mining Corporation (TSX:OSK) ("Osisko")
has advised that its exploration team commenced work in May 2013 at the Erika
property. 


The Erika property is located in the Guerrero Gold Belt and covers approximately
16,000 hectares, located in Guerrero State, Mexico. The property is accessed by
paved road via Federal Highway 95, which crosses the eastern boundary of the
claims. Acapulco is 150 km south and Iguala is 47 km north of Erika.


The exploration being carried out will consist of detailed geological mapping
and supplemental geochemical sampling. This work is designed to identify drill
targets that will likely be tested during Q4, 2013.


Under the terms of the option agreement, Osisko must spend $500,000 on
exploration at Erika before February 2014 as part of its earn-in commitment.


To earn an initial 51% interest in the Erika project, Osisko must make staged
cash payments to Tarsis of $1,000,000 ($50,000 paid to date) and spend
$4,000,000 on exploration over four years. Subsequent to their initial earn-in,
Osisko may increase their ownership to 75% by completing a feasibility study on
the project.


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


Tarsis Resources Ltd.
Mark T. Brown, C.A.
Chief Financial Officer
(604) 687-3520
info@tarsis.ca
www.tarsis.ca

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