http://www.proactiveinvestors.com Proactiveinvestors RSS feed en Wed, 13 Dec 2017 13:33:05 -0500 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Tarsis Resources to raise funds for Yago exploration ]]> http://www.proactiveinvestors.com/companies/news/100061/tarsis-resources-to-raise-funds-for-yago-exploration-52339.html Tarsis Resources (CVE:TCC) says it is raising $200,000 through a private placement of three million units at 7.5 cents apiece, with the funds to be used to advance its Yago gold project in Mexico. 

The company told investors in a statement last night that its geological team has identified priority targets on the Yago project that can be advanced with additional work programs, which are expected to attract potential partners to conduct further exploration.

 Functioning on the prospect generator business model, Tarsis works to facilitate the majority of its exploration funding through option partnerships. 

The company's work program at Yago will be focused on the La Tejona area of the property, and will include surface sampling, soil sampling, mapping, trenching, more prospecting and other test work. Tarsis is hoping that a better set of technical geological data will help attract senior partners to the project.

The La Tejona prospect is defined by a gold-in-soil geochemical anomaly with the majority of the gold threshold values exceeding 100 parts per billion (ppb) to a maximum of 980 ppb, Tarsis said. The main anomaly trends north-easterly for approximately 1,700 metres, and is open along strike to the southwest.

According to the company's statement, previous chip sampling across a number of natural exposures along the creek returned mixed results for gold ranging from 2 ppb to 4.18 g/t over 0.90 metres sampled. Silver grades were in turn "highly variable", the company said, ranging from below detection to 212.8 g/t across 0.90 metres.

The units in the financing Tarsis will be undertaking are comprised of one common share and one share purchase warrant, which entitles the holder to buy another common share at a price of 15 cents each for a period of three years. 

 

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Wed, 26 Feb 2014 09:08:00 -0500 http://www.proactiveinvestors.com/companies/news/100061/tarsis-resources-to-raise-funds-for-yago-exploration-52339.html
<![CDATA[News - Tarsis Resources reveals work on Erika property from previous partner Osisko ]]> http://www.proactiveinvestors.com/companies/news/99870/tarsis-resources-reveals-work-on-erika-property-from-previous-partner-osisko-52038.html Tarsis Resources (CVE:TCC) has revealed detailed work on its Erika property in Mexico from Osisko Mining, the previous optionee that returned the project in December. 

During the work program, Tarsis said Osisko discovered a new zone of skarn alteration. Last year, Osisko completed over 1,700 metres of reverse circulation drilling, 402 metres of diamond drilling, as well as mapping, and sampling for geochemical analysis. 

Tarsis said drilling targeted three different styles of mineralization at four separate locations on the property. Of the eight drill holes completed, three targeted skarn mineralization, three looked for Carlin-style gold mineralization and two were directed at two separate high-sulphidation epithermal targets. 

From the skarn drilling, Tarsis said none of the three holes intersected the Morelos limestone that is believed to be the most prospective host for this type of mineralization, but the company is currently analyzing the report and data provided by Osisko to determine the next steps for the project. 

The Erika project, which sits in the Guerrero Gold Belt of Mexico, covers about 16,000 hectares, and is accessed by paved road, located just 150 km north of Acapulco. 

In December, Tarsis said the return of the property by Osisko at that time was a surprise move, considering Osisko was drilling on the asset in November and December. The junior company also noted that its personnel visited the project site and saw two drills on November 26 and 27. 

Tarsis functions on a prospect generator model, which means it seeks out prospective exploration projects to acquire, and then vends or options them to partners for development. This model has allowed the junior to raise cash in an otherwise tough market.   

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Thu, 13 Feb 2014 10:25:00 -0500 http://www.proactiveinvestors.com/companies/news/99870/tarsis-resources-reveals-work-on-erika-property-from-previous-partner-osisko-52038.html
<![CDATA[News - Osisko Mining backs out of option at Tarsis Resources' Erika property ]]> http://www.proactiveinvestors.com/companies/news/99178/osisko-mining-backs-out-of-option-at-tarsis-resources-erika-property-50927.html Tarsis Resources (CVE:TCC) said late Friday that Osisko Mining has unexpectedly decided not to continue with exploration at its Erika property in Mexico, as per an option agreement signed earlier this year. As a result, Tarsis will maintain its 100% interest in the property going forward. 

In the release, Tarsis said the return of the property at this time was a surprise move, considering Osisko was drilling on the asset in November and December. The junior company also noted that its personnel visited the project site and saw two drills on November 26 and 27. 

During the option period, Osisko completed detailed geological mapping and geochemical sampling over the summer, with specific drill targets identified in addition to those already recommended by Tarsis. 

A preliminary drill program was also finished in the fall of this year, Tarsis said, that was planned to consist of up to 3,000 metres and eight holes.  The company said it has not yet received any results from this campaign. 

Under the terms of the option deal, Osisko had to spend $500,000 on exploration at Erika before February of next year as part of its earn-in commitment, with the mining giant having spent a total of $339,000 up to September 30, before the drill program started.

In order to have earned the agreed 51% stake, Osisko would have had to make staged cash payments to Tarsis of $1.0 million, and spend $4.0 million on exploration over four years. 

Tarsis said it is in the process of collecting new data that was assembled on the project, and will determine the most effective way to advance the asset. 

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

Tarsis functions on a prospect generator model, which means it seeks out prospective exploration projects to acquire, and then vends or options them to partners for development. This model has allowed the junior to raise cash in an otherwise tough market.          

The company just last week closed a bolstered $0.36 million financing, with proceeds to be used for its prospect generation efforts in the Yukon, Mexico and the U.S., as well as for early-stage work to advance its existing properties to joint venture status.  It has been able to raise funds from some marquee names in the industry, including the likes of Kinross Gold (TSE:K), Sprott's Rick Rule and Almaden Minerals.

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Mon, 23 Dec 2013 10:45:00 -0500 http://www.proactiveinvestors.com/companies/news/99178/osisko-mining-backs-out-of-option-at-tarsis-resources-erika-property-50927.html
<![CDATA[News - Tarsis Resources wraps up bolstered financing for prospect generation efforts ]]> http://www.proactiveinvestors.com/companies/news/99156/tarsis-resources-wraps-up-bolstered-financing-for-prospect-generation-efforts-50884.html Tarsis Resources (CVE:TCC) has now closed the financing it increased earlier this week from its original size announced last month, with proceeds to be used for its prospect generation efforts in the Yukon, Mexico and the U.S., as well as for early-stage work to advance its existing properties to joint venture status. 

The junior explorer's prospect generator business model means it seeks out prospective exploration projects to acquire, and then vends or options them to partners for development. 

On Monday, it said it would be raising $362,750, an increase from the $300,000 announced in late November. The financing consisted of 4.84 million units at a price of 7.5 cents each. 

Each unit was made up of one common share and one share purchase warrant, with every warrant allowing the holder to buy an additional share for a period of three years, at a price of 15 cents apiece. 

Tarsis said company insiders took up 2.1 million units of the offering. The Canadian junior now has 47.97 million shares outstanding. 

The company recently unveiled significant early-stage developments on three of its existing projects -- the BP project in Nevada, the Yago project in Mexico and the Tim project in the Yukon. Tarsis said all three of these properties have "excellent potential" for significant discoveries, and are now in the process of being presented to potential partners.

Tarsis, which optioned out its Erika property in Mexico to Osisko Mining (TSE:OSK) earlier this year, has been able to raise funds from some marquee names due to its business model in a tough market, including the likes of Kinross Gold (TSE:K), Sprott's Rick Rule and Almaden Minerals.

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Fri, 20 Dec 2013 10:30:00 -0500 http://www.proactiveinvestors.com/companies/news/99156/tarsis-resources-wraps-up-bolstered-financing-for-prospect-generation-efforts-50884.html
<![CDATA[News - Tarsis Resources to close oversubscribed financing, raises more than expected ]]> http://www.proactiveinvestors.com/companies/news/99052/tarsis-resources-to-close-oversubscribed-financing-raises-more-than-expected-50719.html Tarsis Resources (CVE:TCC) says it will raise more than expected from an oversubscribed financing initially announced last month, which included support from existing investors. 

The junior explorer is raising $362,750, an increase from the $300,000 announced in late November, with the financing expected to close shortly. 

"Tarsis is pleased with the strong support shown by our investors. The financial and exploration teams at Tarsis are committed to working hard to achieve good returns for these investors through the project generation model we are following in North America," said president and CEO Marc Blythe. 

The junior explorer functions on a prospect generator business model, which means it seeks out prospective exploration projects to acquire, and then vends or options them to partners for development. 

It said the proceeds from the financing will be used to advance early-stage exploration on its projects, as well as for general working capital, while larger project-based exploration expenses will be sought through additional option partnerships.

The company recently unveiled significant early-stage developments on three projects -- the BP project in Nevada, the Yago project in Mexico and the Tim project in the Yukon. Tarsis said all three of these properties have "excellent potential" for significant discoveries, and are now in the process of being presented to potential partners.

With the increase in the financing, the company is now offering 4.84 million units at a price of 7.5 cents apiece. Each unit is made up of one common share and one share purchase warrant, with every warrant allowing for the purchase of an additional share at a price of 15 cents, for a period of three years. 

Tarsis said insiders of the company took up a total of 2.1 million units. 

The company, which optioned out its Erika property in Mexico to Osisko Mining (TSE:OSK) earlier this year, has been able to raise funds from some marquee names due to its business model in a tough market, including the likes of Kinross Gold (TSE:K), Sprott's Rick Rule and Almaden Minerals.

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Mon, 16 Dec 2013 10:13:00 -0500 http://www.proactiveinvestors.com/companies/news/99052/tarsis-resources-to-close-oversubscribed-financing-raises-more-than-expected-50719.html
<![CDATA[News - Tarsis Resources raises funds for early-stage work; anticipates option deal next year ]]> http://www.proactiveinvestors.com/companies/news/98641/tarsis-resources-raises-funds-for-early-stage-work-anticipates-option-deal-next-year-50101.html Tarsis Resources (CVE:TCC) is raising $300,000 to advance its current projects, in Nevada, Mexico and the Yukon, Canada, in the hopes of optioning out another project in the first quarter of next year.

Through a private placement, the company told investors late Thursday it will issue 4 million units at a price of 7.5 cents apiece. The units will be made up of one common share and one share purchase warrant, which allows the holder to buy an additional share for a price of 15 cents each for a period of three years. 

The junior explorer functions on a prospect generator business model, which means it seeks out prospective exploration projects to acquire, and then vends or options them to partners for development. 

It said the proceeds from the financing will be used to advance early-stage exploration on its projects, as well as for general working capital, while larger project-based exploration expenses will be sought through additional option partnerships.

The company recently unveiled significant early-stage developments on three projects -- the BP project in Nevada, the Yago project in Mexico and the Tim project in the Yukon. Tarsis said all three of these properties have "excellent potential" for significant discoveries, and are now in the process of being presented to potential partners.

Earlier this month, the company revealed some high grade channel sampling results from its Tim property, after a short program was conducted in September to re-evaluate an historical silver-lead rich zone. 

The company, which optioned out its Erika property in Mexico to Osisko Mining (TSE:OSK) earlier this year, has been able to raise funds from some marquee names due to its business model in a tough market, including the likes of Kinross Gold (TSE:K), Sprott's Rick Rule and Almaden Minerals. 

Tarsis said Thursday that exploration has been actively underway at its Erika project since July, with an update to be provided shortly.

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Fri, 22 Nov 2013 09:24:00 -0500 http://www.proactiveinvestors.com/companies/news/98641/tarsis-resources-raises-funds-for-early-stage-work-anticipates-option-deal-next-year-50101.html
<![CDATA[News - Tarsis Resources reveals high grade channel samples from Yukon property ]]> http://www.proactiveinvestors.com/companies/news/98396/tarsis-resources-reveals-high-grade-channel-samples-from-yukon-property-49735.html Tarsis Resources (CVE:TCC) has unveiled high grade channel sampling results from its Tim property in southern Yukon, after a short program was conducted in September to re-evaluate an historical silver-lead rich zone. 

The historical zone, which was exposed by mechanized trenching in 1988, is reported to have returned -- from channel sampling work done in the past -- 352 grams per tonne (g/t) of silver and 9.12% lead across 4.0 metres. Similar mineralization was also reported in adjacent trenches 180 and 250 metres on either side of the central trench, with no drill testing ever undertaken in this area, said Tarsis. 

The company said Monday its field crew re-located the central historical trench, and exposed the main showing with hand tools, with recent channel sampling results showing 220 g/t silver and 4.74% lead over 6.40 metres. 

A total of 6.4 metres of footwall alteration and carbonate replacement mineralization were exposed at the base of the trench with three series of sawn channel samples taken across the exposure at about 1 metre spacing between channels. 

The property, which was initially staked in 1983, saw a mixture of exploration work carried out during the 1980s, before being acquired by Tarsis in 2007 and then optioned out to International KRL Resources, now Acme Resources. 

The company said the asset has the potential for carbonate-hosted mineralization similar to that at the nearby Midway/Silvertip project owned by Silvercorp Metals.

Tarsis is a junior explorer that functions on a prospect generator business model, which means it seeks out prospective exploration projects to acquire, and then vends or options them to partners for development. It is now pursuing a JV partner for the BP project in Nevada, as it believes the property is close to drill ready.           

The company, which optioned out its Erika property in Mexico to Osisko Mining (TSE:OSK) earlier this year, has been able to raise funds from some marquee names due to its busines s model in a tough market, including the likes of Kinross Gold (TSE:K), Sprott's Rick Rule and Almaden Minerals. 

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Mon, 11 Nov 2013 10:09:00 -0500 http://www.proactiveinvestors.com/companies/news/98396/tarsis-resources-reveals-high-grade-channel-samples-from-yukon-property-49735.html
<![CDATA[News - Tarsis turns up high-grade gold values on Yago site ]]> http://www.proactiveinvestors.com/companies/news/97726/tarsis-turns-up-high-grade-gold-values-on-yago-site-48632.html High-grade gold values were confirmed in the exploration and assay results from Tarsis Resources Ltd’s (CVE:TCC) Yago gold-silver property in Mexico, the Vancouver-based explorer announced Thursday.

The company conducted a focussed orientation at two historical locations, La Tejona and La Sarda, within the central and northern parts of the property located in Nayarit State, Mexico. At both sites, previously reported vein zones were re-exposed and channel samples were collected using a diamond blade rock saw, Tarsis said. 

La Tejona, the location central to the property, yielded 13.65 grams per tonne (g/t) of gold and 57.4 g/t silver across 0.37 metres, while La Sarda, the more northerly of the two locations, returned 10.40 g/t gold and 92.5 g/t silver across 0.52 metres. 

"We are very encouraged with the results of our first work program at Yago,” said president and CEO Marc Blythe in a company statement released with the results, “particularly the potential widths of the vein system interpreted at La Tejona, in excess of 15 meters, coupled with the presence of multi-gram gold values at numerous locations on the property."

Significant assay results saw channel samples from the La Tejona location include one trench, the 2.88 metre wide LT-13-01, that returned results of 3.10 g/t of gold and 35.6 g/t of silver including one area 85 centimetres in width that showed 8.49 g/t of gold and 29.9 g/t of silver.

Meanwhile at the La Sarda location, where small-scale mining took place between 1998 and 2007, at least four sub-parallel northeast trending vein structures were identified. The focus of Tarsis’ recent campaign was the La Esperanza vein, with the intent of following up a number of recent chip samples taken along strike from the site of historical gold-silver production.

Three historical sample sites were located along a 600 m section of the vein, which is known to extend over 1,200 metres. According to the statement, significant assay results included the 3.55 metre wide trench, Esp C, which turned up 2.42 g/t of gold and 16.7 g/t of silver, including 4.82 g/t of gold and 32.9 g/t of silver in one 1.25 metre portion.

The project, 50 kilometres from the state capital, Tepic, which is close to paved highways and electrical transmission lines, spans 15,000 hectares.

Tarsis, which works to the model of project generation and early stage exploration, works to find and develop economic base and precious metal deposits and then vends or options them to partners for development. The company has projects in Nevada and the Yukon in Canada in addition to the Mexican property.

Shares in Tarsis closed up on the TSX Venture Exchange at 6 cents on Wednesday.

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Thu, 03 Oct 2013 09:20:00 -0400 http://www.proactiveinvestors.com/companies/news/97726/tarsis-turns-up-high-grade-gold-values-on-yago-site-48632.html
<![CDATA[News - Tarsis Resources says BP exploration supports Carlin-style gold ]]> http://www.proactiveinvestors.com/companies/news/97473/tarsis-resources-says-bp-exploration-supports-carlin-style-gold-48245.html Tarsis Resources (CVE:TCC) unveiled Thursday exploration results from its newly purchased BP property just south of Carlin, Nevada, which the company says support the presence of Carlin-style gold mineralization at the site. 

The BP property, which is being explored for this type of gold system, is located within the southern Carlin trend between the Rain and Bald Mountain deposits. 

The company said in a statement Thursday that prospecting and outcrop sampling has found gold-bearing "jasperoid breccia samples", with grades ranging from below detection to 247 parts per billion (ppb) gold.  Jasperoid with anomalous gold values feature elevated Carlin-style pathfinder elements, which include arsenic, thallium, mercury and antimony. 

"The most significant of these samples occur intermittently along an 850 meter linear trend believed to coincide with a series of high-angle faults providing conduits for Carlin-style gold bearing fluids," Tarsis added. 

The BP claim block was acquired from Almaden Minerals (TSE:AMM), along with six other projects in Nevada and Mexico, as announced in March of this year. Before the acquisition from Almaden, Tarsis had nine properties in the Yukon, Canada, and one in Mexico - the Erica property, which the company earlier this year optioned to Osisko Mining Corp (TSE:OSK). 

"We are very pleased to have identified key technical indicators that support the presence of a Carlin-style gold system at BP," said president and CEO of Tarsis, Marc G. Blythe, in the release Thursday.

"Gold-bearing jasperoid may be of particular significance as there are many documented spatial links of this style of mineralization above and lateral to known Carlin gold deposits."                              

Tarsis, which functions on a prospect generator model, has collected 144 rock samples from the BP property this year, in addition to 232 infill and grid expansion soil samples. Anomalous gold-in-soil values range from 5 ppb to a maximum of 34.9 ppb and are coincident with the gold-bearing jasperoid samples, the company said.

The Canadian junior's business model means it seeks out prospective exploration projects to acquire, and then vends or options them to partners for development. It is now pursuing a JV partner for the BP project, as it believes the property is close to drill ready.           

The business model has allowed Tarsis to raise funds from some marquee names in a tough market, including the likes of Kinross Gold (TSE:K), Sprott's Rick Rule and Almaden Minerals. 

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Thu, 19 Sep 2013 10:55:00 -0400 http://www.proactiveinvestors.com/companies/news/97473/tarsis-resources-says-bp-exploration-supports-carlin-style-gold-48245.html
<![CDATA[News - Tarsis Resources starts exploration at Mexican Yago property ]]> http://www.proactiveinvestors.com/companies/news/96995/tarsis-resources-starts-exploration-at-mexican-yago-property--47346.html Tarsis Resources (CVE:TCC) said it has begun exploration at its Yago gold-silver property in Mexico's Nayarit State.

The project, 50 kilometres from the state capital, Tepic, and close to paved highways and electrical transmission lines, spans 15,000 hectares.

The "gold-silver bearing low sulphidation epithermal vein showings" are concentrated in two parts of the property. Between 1998 and 2007 at La Sarda, there has been small-scale mining, but at La Tejona there has been little activity. That exploration revealed surface and subsurface mineralization over three square kilometres and 2.5 square kilometres, respectively. 

Prior work by Almaden Minerals (TSE:AMM), which sold the project to Tarsis, indicate "a high-level epithermal environment characterized by chalcedonic/opalescent silica and acid sulphate alteration in conjunction with reportedly low fluid inclusion microthermometry temperatures."

At La Sarda, Tarsis said at least four sub-parallel vein structures within a 2,000 metre by 1,500 metre area were identified with one vein reportedly producing about 85,000 tons. Very little drill testing in more recent years, however, has been conducted at the property. Records show that in 1997 mine production of 24,000 tons grading approximately 10 g/t gold was achieved, but Tarsis said they cannot be confirmed at this point. 

At La Tejona, Tarsis said a number of historical shafts and adits have been excavated, but the company does not have much information about the quantity or quality of the material extracted. Exploration by Almaden and others included "coarsely-spaced soil geochemical surveys, IP surveys and limited drill testing."

Tarsis plans to use a diamond blade rock saw to cut across vein exposures, some as wide as 15 metres, and obtain "uniform representative samples approaching the reliability of large diameter diamond drill core." 

Tarsis shares were unchanged in trading today at 13 cents. They have fallen roughly 13% this year. 

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Thu, 22 Aug 2013 15:02:00 -0400 http://www.proactiveinvestors.com/companies/news/96995/tarsis-resources-starts-exploration-at-mexican-yago-property--47346.html
<![CDATA[News - Tarsis Resources says partner Osisko begins exploration at Erika ]]> http://www.proactiveinvestors.com/companies/news/95907/tarsis-resources-says-partner-osisko-begins-exploration-at-erika-45504.html Tarsis Resources (CVE:TCC) has said that its partner Osisko Mining Corp (TSE:OSK) started exploration work at the Erika property in Mexico last month, with drilling expected to start in the final quarter of 2013. 

The news came as Tarsis provided investors with an update on the property late Wednesday.

The Erika property is located in the Guerrero Gold Belt and covers about 16,000 hectares 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 work to be carried out will be made up of detailed geological mapping and geochemical sampling, with the hope of identifying drill targets that are expected to be tested in the fourth quarter of this year. 

According to the terms of the agreement for the property, Osisko must spend $0.5 million on exploration at Erika before February 2014 as part of its earn-in commitment. In order to earn a 51 per cent stake, Osisko must make staged cash payments to Tarsis of $1.0 million, and spend $4.0 million on exploration over four years. Osisko can also boost its stake to 75 per cent if it completes a feasibility study for the project. 

Tarsis functions on a prospect generator model, which means it seeks out prospective exploration projects to acquire, and then vends or options them to partners for development. This model has allowed the junior to raise cash in an otherwise tough market.          

Indeed, the company has strong backers. Kinross Gold (TSE:K) invested about a year and a half ago, and now has around a 9 per cent stake, while Sprott’s Rick Rule has a more than 10 per cent interest. Almaden Minerals (TSE:AMM) also holds over 10 per cent. 

Last October, Tarsis closed a financing for total proceeds of just over $1 million, raising double what it had originally anticipated. Backers in the offering included Sprott, and management, which holds a significant chunk of shares, among others. 

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Thu, 27 Jun 2013 09:56:00 -0400 http://www.proactiveinvestors.com/companies/news/95907/tarsis-resources-says-partner-osisko-begins-exploration-at-erika-45504.html
<![CDATA[News - Tarsis Resources begins BP property exploration in Nevada ]]> http://www.proactiveinvestors.com/companies/news/95678/tarsis-resources-begins-bp-property-exploration-in-nevada-45108.html Tarsis Resources (CVE:TCC) says it has begun exploration at its new BP property in Nevada that is being explored for Carlin-style gold mineralization - a dominant type of gold in the region. 

The BP claim block was acquired from Almaden Minerals (TSE:AMM), along with six other projects in Nevada and Mexico, as announced in March of this year. 

"We look forward to providing detailed information on each of these projects as exploration advances," said president and CEO Marc Blythe.

The BP property, located 60 km south of Carlin in Nevada along the Rain Trend, is the more advanced of the two claim blocks in Nevada, and features structure and geochemistry that the company believes to be prospective for Carlin-style gold. 

"Some of the prospective attributes include outcropping jasperoid breccias in the vicinity of interpreted structural corridors, anomalous gold plus arsenic-thallium-antimony-mercury pathfinder geochemistry and permissive stratigraphy," Tarsis said in a release late Monday. 

Preliminary soil geochemical results from the property show gold of up to 34.9 parts per billion, along with amounts of thallium, arsenic, antimony and mercury. The company noted that no evidence of modern gold exploration is visible on the property, apart from the soil geochemistry. 

Work this year on the BP property will include soil sampling, prospecting and detailed mapping, Tarsis said, with the work having started last month. Results will be released once they are received and compiled, it added. 

Before the acquisition from Almaden, Tarsis had nine properties in the Yukon, Canada, and one in Mexico - the Erica property, which the company earlier this year optioned to Osisko Mining Corp (TSE:OSK). 

The Canadian junior functions on a prospect generator model, which means it seeks out prospective exploration projects to acquire, and then vends or options them to partners for development. This model has allowed the junior to raise cash in an otherwise tough market.          

Indeed, the company has strong backers. Kinross Gold (TSE:K) invested about a year and a half ago, and now has around a 9 per cent stake, while Sprott’s Rick Rule has a more than 10 per cent interest. Almaden Minerals (TSE:AMM) also holds over 10 per cent. 

Last October, Tarsis closed a financing for total proceeds of just over $1 million, raising double what it had originally anticipated. Backers in the offering included Sprott, and management, which holds a significant chunk of shares, among others. 

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Tue, 18 Jun 2013 09:49:00 -0400 http://www.proactiveinvestors.com/companies/news/95678/tarsis-resources-begins-bp-property-exploration-in-nevada-45108.html
<![CDATA[News - Tarsis Resources gains after property acquisition deal with Almaden Minerals ]]> http://www.proactiveinvestors.com/companies/news/93416/tarsis-resources-gains-after-property-acquisition-deal-with-almaden-minerals-41283.html Shares of Tarsis Resources (CVE:TCC) rallied more than 30% on Tuesday, a day after the company took another step toward advancing its goals for this year. 

Its stock was lately trading at 12.5 cents, up more than 31%, or 3 cents. 

On Monday, the company inked a non-binding preliminary deal to acquire a 100 per cent interest in four gold-silver properties in Mexico, and two gold properties in Nevada, from Almaden Minerals (TSE:AMM) (NYSE:AAU). 

Currently, Tarsis has nine properties in the Yukon, Canada, and one in Mexico - the Erica property, which the company last month optioned to Osisko Mining Corp (TSE:OSK), already knocking off its first goal for this year. 

After completing the deal for Erika, the company's second priority for 2013 was adding new properties in Nevada as well as in Mexico, a goal it crossed off with yesterday's announcement. 

The Canadian junior mineral explorer said work is underway to consummate the acquisition through a formal agreement. 

Under the terms, Tarsis will pay Almaden four million common shares and grant a 2% net smelter returns royalty on any production from the projects. 

Areas of influence in Nevada and Mexico will be outlined, and Almaden will provide Tarsis with its proprietary data and concepts. In exchange for this data, Tarsis will issue 200,000 shares to Almaden for each new property acquired within the area of influence. 

Tarsis will also issue a further 800,000 shares to Almaden once it first discloses a mineral resource on any of the new properties. 

The Canadian junior functions on a prospect generator model, which means it seeks out prospective exploration projects to acquire, and then vends or options them to partners for development. This model has allowed the junior to raise cash in an otherwise tough market. 

“It’s been really tough for junior companies to raise money that don’t have a niche, a management team with particular experience, or a project that is appreciated,” CEO Marc Blythe says. 

“We have a strong group of supporters who like the prospect generator model, and for this reason, we haven’t had difficulties to date.”          

Indeed, the company has strong backers. Kinross Gold (TSE:K) invested about a year and a half ago, and now has around a 9% stake, while Sprott’s Rick Rule has a more than 10% interest. Almaden Minerals (TSE:AMM) also holds over 10%. 

Last October, Tarsis closed a financing for total proceeds of just over $1 million, raising double what it had originally anticipated. Backers in the offering included Sprott, and management, which holds a significant chunk of shares, among others. 

Tarsis said each of the new properties it will acquire in Mexico feature epithermal style mineralization and are prospective for gold and silver. Prospecting samples done by Almaden on the Gallo de Oro property returned values of up to 104 grams per tonne (g/t) gold. 

Historic artisanal mining is evident with small pits and shafts on the property, the junior noted, but there is no evidence of drilling.               

The Nevada properties, meanwhile, are prospective for gold and feature "Carlin-style pathfinder elements" believed to be supportive of this model. Preliminary soil work from the BP property features anomalous Carlin-style pathfinders including gold, thallium, arsenic, antimony and mercury. 

]]>
Tue, 05 Mar 2013 11:24:00 -0500 http://www.proactiveinvestors.com/companies/news/93416/tarsis-resources-gains-after-property-acquisition-deal-with-almaden-minerals-41283.html
<![CDATA[News - Tarsis Resources makes further goal progress with deal to acquire Almaden properties in Mexico and Nevada ]]> http://www.proactiveinvestors.com/companies/news/93395/tarsis-resources-makes-further-goal-progress-with-deal-to-acquire-almaden-properties-in-mexico-and-nevada-41236.html Tarsis Resources (CVE:TCC) has met more of its goals set for this year as it has inked a non-binding preliminary deal to acquire a 100 per cent interest in four gold-silver properties in Mexico, and two gold properties in Nevada, from Almaden Minerals (TSE:AMM) (NYSE:AAU). 

The Canadian junior mineral explorer said work is underway to consummate the acquisition through a formal agreement. 

Under the terms, Tarsis will pay Almaden four million common shares and grant a 2% net smelter returns royalty on any production from the projects. 

Areas of influence in Nevada and Mexico will be outlined, and Almaden will provide Tarsis with its proprietary data and concepts. In exchange for this data, Tarsis will issue 200,000 shares to Almaden for each new property acquired within the area of influence. 

Tarsis will also issue a further 800,000 shares to Almaden once it first discloses a mineral resource on any of the new properties. 

"We are very pleased to acquire additional properties from Almaden and continue our relationship with them," said president and CEO of Tarsis, Marc Blythe, in a statement. 

"We respect their ability to identify high-quality mineralizing systems and we look forward to advancing these properties using the prospect generator model."

Tarsis' prospect generator model means it seeks out prospective exploration projects to acquire, and then vends or options them to partners for development. This model has allowed the junior to raise cash in an otherwise tough market. 

“It’s been really tough for junior companies to raise money that don’t have a niche, a management team with particular experience, or a project that is appreciated,” Blythe says. 

“We have a strong group of supporters who like the prospect generator model, and for this reason, we haven’t had difficulties to date.”          

Indeed, the company has strong backers. Kinross Gold (TSE:K) invested about a year and a half ago, and now has around a 9% stake, while Sprott’s Rick Rule has a more than 10% interest. Almaden Minerals (TSE:AMM) also holds over 10%. 

And there is even more proof that Tarsis hasn’t had any trouble raising cash. Last October, it closed a financing for total proceeds of just over $1 million, raising double what it had originally anticipated. Backers in the offering included Sprott, and management, which holds a significant chunk of shares, among others. 

Currently, Tarsis has nine properties in the Yukon, Canada, and one in Mexico - the Erica property, which the company last month optioned to Osisko Mining Corp (TSE:OSK), already knocking off its first goal for this year. 

The deal gives Osisko the right to earn up to a 75% interest by funding exploration and development of the property, and by making cash payments to Tarsis. 

After completing the deal for Erika, the company's second priority this year was adding new properties in Nevada as well as in Mexico, a goal it crossed off with today's announcement. 

Tarsis said each of the new properties in Mexico feature epithermal style mineralization and are prospective for gold and silver. Prospecting samples done by Almaden on the Gallo de Oro property returned values of up to 104 grams per tonne (g/t) gold. 

Historic artisanal mining is evident with small pits and shafts on the property, the junior noted, but there is no evidence of drilling.               

The Nevada properties, meanwhile, are prospective for gold and feature "Carlin-style pathfinder elements" believed to be supportive of this model. Preliminary soil work from the BP property features anomalous Carlin-style pathfinders including gold, thallium, arsenic, antimony and mercury. 

Shares of Tarsis were flat at 9.5 cents in Toronto early Monday afternoon.

]]>
Mon, 04 Mar 2013 12:29:00 -0500 http://www.proactiveinvestors.com/companies/news/93395/tarsis-resources-makes-further-goal-progress-with-deal-to-acquire-almaden-properties-in-mexico-and-nevada-41236.html
<![CDATA[News - Tarsis Resources regains White River property back from optionee ]]> http://www.proactiveinvestors.com/companies/news/93215/tarsis-resources-regains-white-river-property-back-from-optionee-40907.html Tarsis Resources (CVE:TCC) has received its White River property in southwestern Yukon back from its optionee Driven Capital Corp (CVE:DVV), saying it now plans to determine the most effective means to advance the project. 

The company said late Thursday that it was formally notified that Driven Capital will not be continuing with the option to explore Tarsis' White River property. 

Tarsis is planning to analyze the data collected by Driven, which last year completed a first phase diamond drilling program of more than 1,300 metres in seven holes - spending around $833,000 at the site. 

This was the first time the project had been drilled, said Tarsis, and while gold mineralization was detected in all holes, the grades and thicknesses did not meet Driven's expectations. 

Driven also cited the "continuing difficult market conditions" for junior mineral exploration companies and the challenging financing environment. 

Drilling primarily targeted the HG Zone, with five holes testing a 275 metre portion of the 1,000 metre long target, while single holes were located at the MB and Cool Zones. 

No drilling was conducted at the MS2 showing, Tarsis said, where two select prospecting samples returned 18.9 and 3.25 grams per tonne (g/t) gold, with "strongly anomalous" accessory arsenic, bismuth, and tellurium. 

The company added that two main areas of arsenic-copper/gold at the southwest and north anomalies require further exploration.

Tarsis functions on a prospect generator model – meaning it seeks out prospective exploration projects to acquire, and then vends or options them to partners for development. This model has allowed the junior to raise cash in an otherwise tough market. 

“It’s been really tough for junior companies to raise money that don’t have a niche, a management team with particular experience, or a project that is appreciated,” CEO Marc Blythe says. 

“We have a strong group of supporters who like the prospect generator model, and for this reason, we haven’t had difficulties to date.”          

Blythe points out that Tarsis has made efforts to maintain relationships with major companies that like its style of exploration or type of project, and could be sourced for financing. 

Indeed, the company has strong backers. Kinross Gold (TSE:K) invested about a year and a half ago, and now has around a 9% stake, while Sprott’s Rick Rule has a more than 10% interest. Almaden Minerals (TSE:AMM) also holds over 10%. 

And there is even more proof that Tarsis hasn’t had any trouble raising cash. Last October, it closed a financing for total proceeds of just over $1 million, raising double what it had originally anticipated. Backers in the offering included Sprott, and management, which holds a significant chunk of shares, among others. 

Currently, Tarsis has nine properties in the Yukon, Canada, and one in Mexico, the Erica property, which the company earlier this month optioned to Osisko Mining Corp (TSE:OSK), already knocking off its main goal for this year. 

The deal gives Osisko the right to earn up to a 75% interest by funding exploration and development of the property, and by making cash payments to Tarsis. 

After completing the deal for Erika, the company's second priority this year is adding new properties in Nevada as well as in Mexico.

]]>
Fri, 22 Feb 2013 08:56:00 -0500 http://www.proactiveinvestors.com/companies/news/93215/tarsis-resources-regains-white-river-property-back-from-optionee-40907.html
<![CDATA[News - Tarsis Resources starts the year with a bang, options Erika property to Osisko Mining ]]> http://www.proactiveinvestors.com/companies/news/92879/tarsis-resources-starts-the-year-with-a-bang-options-erika-property-to-osisko-mining-40308.html ***updated with the latest share price data as of 9:53am ET ***

Tarsis Resources (CVE:TCC) says it has optioned its Erika property in southern Mexico to Osisko Mining Corp (TSE:OSK), already knocking off its main goal for this year. 

Shares of Tarsis rose more than 20% in early deals Wednesday as investors tuned into its stock, which gained 2.5 cents to sit at 14.5 cents on the TSX Venture Exchange.

The deal gives Osisko the right to earn up to a 75% interest by funding exploration and development of the property, and by making cash payments to Tarsis. 

Its Erika property in Guerrero State, which spans 16,000 hectares, has seen “really encouraging drill results”, attests Tarsis CEO Marc Blythe, with 10 metres of just over a gram of gold. The property hosts Carlin-style mineralization – the type of gold that is seen in Nevada - says Blythe, and Tarsis believes it’s one of the only properties in Mexico with this style of mineralization. 

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 asset has got everything in terms of infrastructure – roads, power line, and people. It’s very well set up, with Goldcorp sitting almost adjacent and Torex Gold one of our neighbours.”

Goldcorp (TSE:G) operating Los Filos gold mine, which is now Mexico's largest gold mine by output, lies 12 km south of the Erika property.

Under the terms of the deal, for an intial 51% stake, Osisko will pay Tarsis $1.0 million in cash over four years, and spend $4.0 million on property expenses over the same time period, including a firm first-year commitment of $500,000. 

For an additional 24% stake, Osisko, which operates the Canadian Malartic mine in Quebec, will fund and deliver a feasibility study on the property within two years of earning the initial interest. 

"We are very pleased to have attracted a well-financed and experienced mid-tier Canadian gold producer such as Osisko to our Erika project," added Blythe in a statement released late Tuesday.

"Completion of this option and joint venture agreement demonstrates the quality of the project and Tarsis' commitment to the 'prospect generator' business model supported by our shareholders."

Indeed, Tarsis is one of those “lucky few juniors with a little bit of cash”, says its CEO, whose company functions on a prospect generator model – meaning it seeks out prospective exploration projects to acquire, and then vends or options them to partners for development.   

“It’s been really tough for junior companies to raise money that don’t have a niche, a management team with particular experience, or a project that is appreciated,” Blythe says. 

“We have a strong group of supporters who like the prospect generator model, and for this reason, we haven’t had difficulties to date.”          

Blythe points out that Tarsis has made efforts to maintain relationships with major companies that like its style of exploration or type of project, and could be sourced for financing. 

Indeed, the company has strong backers. Kinross Gold (TSE:K) invested about a year and a half ago, and now has around a 9% stake, while Sprott’s Rick Rule has a more than 10% interest. Almaden Minerals (TSE:AMM) also holds over 10%. 

And there is even more proof that Tarsis hasn’t had any trouble raising cash. Last October, it closed a financing for total proceeds of just over $1 million, raising double what it had originally anticipated. Backers in the offering included Sprott, and management, which holds a significant chunk of shares, among others. 

Currently, Tarsis has nine properties in the Yukon, Canada and one in Mexico, where Tarsis today announced an option agreement. After completing the deal for Erika, the company's second priority this year is adding new properties in Nevada as well as in Mexico.

]]>
Wed, 06 Feb 2013 09:07:00 -0500 http://www.proactiveinvestors.com/companies/news/92879/tarsis-resources-starts-the-year-with-a-bang-options-erika-property-to-osisko-mining-40308.html
<![CDATA[Media files - Tarsis Resources's prospect generator model continues to drive value creation ]]> http://www.proactiveinvestors.com/companies/stocktube/3588/tarsis-resourcess-prospect-generator-model-continues-to-drive-value-creation-412.html Wed, 30 Jan 2013 12:40:00 -0500 http://www.proactiveinvestors.com/companies/stocktube/3588/tarsis-resourcess-prospect-generator-model-continues-to-drive-value-creation-412.html <![CDATA[News - Tarsis Resources’ prospect generator model attracts big backers, with further acquisitions ahead ]]> http://www.proactiveinvestors.com/companies/news/92556/tarsis-resources-prospect-generator-model-attracts-big-backers-with-further-acquisitions-ahead-39699.html Tarsis Resources (CVE:TCC) is one of those “lucky few juniors with a little bit of cash”, according to CEO Marc Blythe, whose company functions on a prospect generator model – meaning it seeks out prospective exploration projects to acquire, and then vends or options them to partners for development. 

“It’s been really tough for junior companies to raise money that don’t have a niche, a management team with particular experience, or a project that is appreciated,” he says. 

“We have a strong group of supporters who like the prospect generator model, and for this reason, we haven’t had difficulties to date.”

Blythe also points out that Tarsis has made efforts to maintain relationships with major companies that like its style of exploration or type of project, and could be sourced for financing. 

Indeed, the company has strong backers. Kinross Gold (TSE:K) invested about a year and a half ago, and now has around a 9% stake, while Sprott’s Rick Rule has a more than 10% interest. Almaden Minerals (TSE:AMM) also holds over 10%. 

And there is even more proof that Tarsis hasn’t had any trouble raising cash. Last October, it closed a financing for total proceeds of just over $1 million, raising double what it had originally anticipated. Backers in the offering included Sprott, and management, which holds a significant chunk of shares, among others. 

“We have tried to maintain a tight share structure, and we’ve done a reasonable job with 40 million shares, considering we’ve been on the market since 2007.”

The company has big plans for the new funds, as it intends to spend the money on its prospect generation efforts in the Yukon, Canada, in Mexico and the U.S., as well as on early stage work at its existing projects. 

Currently, Tarsis has nine properties in the Yukon and one in Mexico, where Blythe says the main focus of the company will be this year. 

Its Erika property in Guerrero State, Mexico, which spans 16,000 hectares, has seen “really encouraging drill results”, attests the CEO, with 10 metres of just over a gram of gold. The property hosts Carlin-style mineralization – the type of gold that is seen in Nevada - says Blythe, and Tarsis believes it’s one of the only properties in Mexico with this style of mineralization. 

“The asset has got everything in terms of infrastructure – roads, power line, and people. It’s very well set up, with Goldcorp sitting almost adjacent and Torex Gold one of our neighbours.”

“We’re talking to a number of groups, and we are aiming to do a deal this year.” 

Its second priority is adding new properties in Nevada as well as in Mexico. “We are looking fairly extensively at projects in Nevada because we like it there. We like the Carlin-style of gold mineralization and it’s easy to work there. There is a good, long season.”

The company is also a fan of the Yukon, where it has nine properties, including its 6,700-hectare White River asset, where it has an option agreement with Driven Capital Corp (CVE:DVV), and the 5,660-hectare Prospector Mountain property - located near Carmacks in central Yukon, close to the operating Minto copper mine.

“The Yukon is under-explored. It is a big territory, with great geological potential and several recent major discoveries.”

In late September, Tarsis unveiled final results from diamond drilling at White River, a program that Driven funded as part of its deal to earn a 60% stake in the project. To earn the full 60%, Driven must pay $400,000 in cash to Tarsis, issue 2 million shares and spend $4.25 million in exploration on the project.  

“Moderately elevated” gold values were identified in all holes at White River, with assays ranging from 0.42 to 2.78 grams per tonne (g/t) gold over intervals ranging from 0.76 to 1.47 metres. 

“We’re not sure what will happen yet with the option agreement, but the property will be returned to us if Driven doesn’t meet its commitments. If it is returned, we will either undertake a small, early-stage exploration program or find another partner.”

Tarsis also has the Prospector Mountain property in the Yukon, which was returned to the company last year, with the junior explorer now working through the data it has so far. The asset is located “fairly close” to Western Copper’s Casino Deposit, says the company’s CEO, and he believes that Prospector may have higher gold grades than Casino. Though there is no defined resource, he says the company has recovered grab samples from surface of over 100 g/t gold.

Prospector lies within the Dawson Range portion of the Tintina Gold Belt and the company says it covers an area of mineralization indicative of both a porphyry copper-gold and epithermal gold-silver mineralizing environment.

Over two years, $2.7 million has been spent in terms of exploration at Prospector. SilverQuest Resources, which was taken over by New Gold (AMEX:NGD), was the previous option partner, and dropped the Prospector property as a result of the takeover. 

With about $700,000 in the bank, Blythe expects Tarsis has enough cash to last through the year. Despite many juniors in Canada being cash-strapped, the company has maintained its general and administrative costs low, with most money spent on the ground. 

“We run the company very cheaply; most of the people we use are contractors and consultants, so it’s really easy to turn the tap off. Prospecting is also fairly cheap in comparison to drilling.”

With regards to an outlook for the small-cap market, Blythe says the broader picture remains that commodity prices are still high for gold and copper – which is what Tarsis explores for. 

“Major mining companies are mining out their reserves and resources, and they will need to replace these. We like to think that we can help with this, and this is what we will be able to do.”

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Tue, 22 Jan 2013 14:00:00 -0500 http://www.proactiveinvestors.com/companies/news/92556/tarsis-resources-prospect-generator-model-attracts-big-backers-with-further-acquisitions-ahead-39699.html
<![CDATA[News - Tarsis Resources closes $1 mln boosted financing ]]> http://www.proactiveinvestors.com/companies/news/90248/tarsis-resources-closes-1-mln-boosted-financing-35766.html

Vancouver-based Tarsis Resources (CVE:TCC) says it has closed the increased financing it announced earlier this month, for total proceeds of just over $1 million. 

The offering was doubled in early October from $0.5 million, and was fully subscribed. 

The miner said several strategic investors participated in the financing, and five groups now hold just over 50 per cent of the issued shares. 

These groups, said Tarsis, include one former large shareholder that increased their position, an investor that is part of the Sprott group of companies, Almaden Minerals (TSE:AMM) (NYSE:AAU), management, and one other individual investor. 

Tarsis issued 6.87 million units at 15 cents each. Every unit is made up of one common share and one share purchase warrant, with every warrant good for an additional share at a price of 25 cents for a three year period. 

The company said the new funds will be used for prospect generation efforts in the Yukon in Canada, the Mexico and the USA, as well as for early stage exploration work to upgrade exisitng projects, and for general corporate purposes. 

Insiders took up a total of 400,000 units of the offering.

Tarsis has nine mineral properties in the Yukon, and one in Mexico. It acquires prospective exploration projects when metal prices are low or of strategic value, and vends or options out projects to partners for advancement.

Last month, Tarsis Resources unveiled final results from diamond drilling at its White River property in the southwestern Yukon, from project optionee Driven Capital Corp (CVE:DVV). 

Driven funded the 2012 exploration program as part of its deal to earn a 60 per cent interest in the project. The program represented the first ever drill campaign conducted at White River, Tarsis said. 

Moderately elevated gold values were identified in all holes, the company noted, with assays ranging from 0.42 to 2.78 grams per tonne (g/t) gold over intervals ranging from 0.76 to 1.47 metres. 

In total, 1,327 metres were drilled in seven holes during the season, with all holes targeting gold-copper-silver mineralization in portions of the HG, Cool and MB zones. 

Results for the first four holes, drilled from two pads testing a 150 metre portion of the HG Zone, were announced in mid-August, with the final three holes announced last month. 

To earn a 60 per cent interest in White River, Driven must pay $400,000 in cash to Tarsis, issue 2 million shares and spend $4.25 million in exploration on the project. 

Once earn-in obligations are settled, a joint venture will be created, with Tarsis retaining a 2 per cent net smelter royalty on any minerals produced.  

]]>
Wed, 10 Oct 2012 10:15:00 -0400 http://www.proactiveinvestors.com/companies/news/90248/tarsis-resources-closes-1-mln-boosted-financing-35766.html
<![CDATA[News - Tarsis Resources shares rally, exceeds 50-day average volume ]]> http://www.proactiveinvestors.com/companies/news/90150/tarsis-resources-shares-rally-exceeds-50-day-average-volume-35580.html

Vancouver-based Tarsis Resources (CVE:TCC) exceeded its 50-day average trading volume Thursday, as shares climbed over 15 percent. 

Its stock was lately up by 2 cents at 15 cents this afternoon. 

Late Tuesday, the junior explorer said that the financing it announced last month was oversubscribed, and has therefore increased the offering by more than double to $1.03 million. 

The company said the new offering, an increase from $0.5 million, was fully subscribed. 

The financing will now consist of a total of 6.87 million units at 15 cents each, with every unit made up of one common share and one share purchase warrant. 

"We were very pleased that three strategic shareholders decided to increase their positions significantly and this has oversubscribed the financing," said president Marc Blythe on Tuesday. 

Tarsis said the new funds will be used for its prospect generation efforts in the Yukon, Canada, in Mexico, and in the US, as well as for some early-stage exploration work to upgrade its existing projects, and for general corporate purposes. 

In addition to the three strategic shareholders that Blythe said decided to increase their positions significantly, Almaden Minerals (TSE:AMM) also continues to hold 4.1 million shares of Tarsis - representing a 10.5 per cent stake. 

The company's management also participated in the offering, and will own roughly 11 per cent of the 39.14 million Tarsis shares issued and outstanding once the deal is closed. 

The financing, which is expected to close shortly, still needs the approval of the TSX Venture Exchange.         

Tarsis has nine mineral properties in the Yukon, and one in Mexico. It acquires prospective exploration projects when metal prices are low or of strategic value, and vends or options out projects to partners for advancement.

Last month, Tarsis Resources unveiled final results from diamond drilling at its White River property in the southwestern Yukon, from project optionee Driven Capital Corp (CVE:DVV). 

Driven funded the 2012 exploration program as part of its deal to earn a 60 per cent interest in the project. The program represented the first ever drill campaign conducted at White River, Tarsis said. 

Moderately elevated gold values were identified in all holes, the company noted, with assays ranging from 0.42 to 2.78 grams per tonne (g/t) gold over intervals ranging from 0.76 to 1.47 metres. 

In total, 1,327 metres were drilled in seven holes during the season, with all holes targeting gold-copper-silver mineralization in portions of the HG, Cool and MB zones. 

Results for the first four holes, drilled from two pads testing a 150 metre portion of the HG Zone, were announced in mid-August, with the final three holes announced last month. 

To earn a 60 per cent interest in White River, Driven must pay $400,000 in cash to Tarsis, issue 2 million shares and spend $4.25 million in exploration on the project. 

Once earn-in obligations are settled, a joint venture will be created, with Tarsis retaining a 2 per cent net smelter royalty on any minerals produced.  

]]>
Thu, 04 Oct 2012 13:05:00 -0400 http://www.proactiveinvestors.com/companies/news/90150/tarsis-resources-shares-rally-exceeds-50-day-average-volume-35580.html
<![CDATA[News - Tarsis Resources doubles financing amount to $1.0 mln ]]> http://www.proactiveinvestors.com/companies/news/90093/tarsis-resources-doubles-financing-amount-to-10-mln-35500.html

Vancouver-based Tarsis Resources (CVE:TCC) late yesterday said that the financing it announced last month was oversubscribed, and has therefore increased the offering by more than double to $1.03 million. 

The company said the new offering, an increase from $0.5 million, was fully subscribed. 

The financing will now consist of a total of 6.87 million units at 15 cents each, with every unit made up of one common share and one share purchase warrant. 

Each warrant allows the holder to buy one additional share for a 3 year period, at a price of 25 cents each. 

"We were very pleased that three strategic shareholders decided to increase their positions significantly and this has oversubscribed the financing," said president Marc Blythe. 

Tarsis said the new funds will be used for its prospect generation efforts in the Yukon, Canada, in Mexico, and in the US, as well as for some early-stage exploration work to upgrade its existing projects, and for general corporate purposes. 

In addition to the three strategic shareholders that Blythe said decided to increase their positions significantly, Almaden Minerals also continues to hold 4.1 million shares of Tarsis - representing a 10.5 per cent stake. 

The company's management also participated in the offering, and will own roughly 11 per cent of the 39.14 million Tarsis shares issued and outstanding once the deal is closed. 

The financing, which is expected to close shortly, still needs the approval of the TSX Venture Exchange.         

Tarsis has nine mineral properties in the Yukon, and one in Mexico. It acquires prospective exploration projects when metal prices are low or of strategic value, and vends or options out projects to partners for advancement.

Last month, Tarsis Resources unveiled final results from diamond drilling at its White River property in the southwestern Yukon, from project optionee Driven Capital Corp (CVE:DVV). 

Driven funded the 2012 exploration program as part of its deal to earn a 60 per cent interest in the project. The program represented the first ever drill campaign conducted at White River, Tarsis said. 

Moderately elevated gold values were identified in all holes, the company noted, with assays ranging from 0.42 to 2.78 grams per tonne (g/t) gold over intervals ranging from 0.76 to 1.47 metres. 

In total, 1,327 metres were drilled in seven holes during the season, with all holes targeting gold-copper-silver mineralization in portions of the HG, Cool and MB zones. 

Results for the first four holes, drilled from two pads testing a 150 metre portion of the HG Zone, were announced in mid-August, with the final three holes announced last month. 

To earn a 60 per cent interest in White River, Driven must pay $400,000 in cash to Tarsis, issue 2 million shares and spend $4.25 million in exploration on the project. 

Once earn-in obligations are settled, a joint venture will be created, with Tarsis retaining a 2 per cent net smelter royalty on any minerals produced.  

]]>
Wed, 03 Oct 2012 08:58:00 -0400 http://www.proactiveinvestors.com/companies/news/90093/tarsis-resources-doubles-financing-amount-to-10-mln-35500.html
<![CDATA[News - Tarsis Resources plans to raise $0.5 mln through non-brokered private placement ]]> http://www.proactiveinvestors.com/companies/news/89668/tarsis-resources-plans-to-raise-05-mln-through-non-brokered-private-placement-34853.html

Tarsis Resources (CVE:TCC) said it plans to raise $502,500 through a non-brokered private placement financing as it seeks to mitigate overhead costs, the company said late Monday. 

The Vancouver-based exploration-stage company intends to sell 3.35 million units priced at 15 cents each.

"These funds will be highly levered with the work done on our projects and the low acquisition costs we have for new properties," president Marc Blythe said in a statement. 

Each unit is made up of one share and one non-transferable purchase warrant. The warrants give holders a right to buy another share for 36 months for 25 cents each. 

Tarsis said it is making every effort to minimize overhead costs and focus its investment capital on prospect generation, early stage exploration, and optioning out its projects for further funding by partners.

The company, so far, has farmed-out three projects, with the latest project – the White River property – optioned out to Driven Capital Corp. (CVE:DVV) and drilled by the optionee in the last two months.

Earlier this month, Tarsis disclosed final results from diamond drilling at its White River project in southwestern Yukon.

Driven Capital funded the 2012 exploration program as part of its deal to earn a 60 per cent stake in the project. The program represented the first ever drill campaign conducted at White River, Tarsis said. 

Moderately elevated gold values were identified in all holes, the company noted, with assays ranging from 0.42 to 2.78 grams per tonne (g/t) gold over intervals ranging from 0.76 to 1.47 metres. 

Driven has notified Tarsis it plans further exploration work on the property.  

To earn a 60 per cent interest in White River, Driven must pay $400,000 in cash to Tarsis, issue two million shares and spend $4.25 million in exploration. 

Once earn-in obligations are settled, a joint venture will be created, with Tarsis retaining a two per cent net smelter royalty on any minerals produced.

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Tue, 18 Sep 2012 11:36:00 -0400 http://www.proactiveinvestors.com/companies/news/89668/tarsis-resources-plans-to-raise-05-mln-through-non-brokered-private-placement-34853.html
<![CDATA[News - Tarsis reports final drill results on White River, with "elevated" gold in all holes ]]> http://www.proactiveinvestors.com/companies/news/89434/tarsis-reports-final-drill-results-on-white-river-with-elevated-gold-in-all-holes-34493.html

Tarsis Resources (CVE:TCC) unveiled today final results from diamond drilling at its White River property in the southwestern Yukon, from project optionee Driven Capital Corp (CVE:DVV). 

Driven funded the 2012 exploration program as part of its deal to earn a 60 per cent interest in the project. 

The program represented the first ever drill campaign conducted at White River, Tarsis said. 

Moderately elevated gold values were identified in all holes, the company noted, with assays ranging from 0.42 to 2.78 grams per tonne (g/t) gold over intervals ranging from 0.76 to 1.47 metres. 

In total, 1,327 metres were drilled in seven holes during the season, with all holes targeting gold-copper-silver mineralization in portions of the HG, Cool and MB zones. 

Results for the first four holes, drilled from two pads testing a 150 metre portion of the HG Zone, were announced in mid-August, with the final three holes announced today. 

Tarsis said each of the three remaining holes tested isolated portions of the three zones. 

The company also said that elevated gold intervals were coincident with strongly anomalous arsenic, in some cases greater than 10,000 parts per million, and bismuth.

Driven noted that poor drill core recovery was seen due the high degree of fracturing, strong surface weathering and the presence of clay-rich gouge. 

Tarsis said, however, that drill core observations support previous interpretations of "extensive hyrdrothermal activity". 

Elsewhere on the property, two select prospecting samples were collected from the spoil pile of a trench, excavated at the MS2 showing in 2011. 

The two samples collected returned 18.90 and 3.25 g/t gold, respectively, and both samples have strongly anomalous accessory arsenic, bismuth and tellurium, the company added. 

The MS2 showing is located around 500 metres south of the HG Zone and was not drilled during the 2012 campaign.             

The 2012 campaign, Tarsis noted, was localized within a small portion of the property and thus continued work will be done during the winter season using drill data to establish potential vectoring for the next phase of work in 2013. 

Driven has notified Tarsis that they plan to do further exploration work on the property, it noted. 

To earn a 60 per cent interest in White River, Driven must pay $400,000 in cash to Tarsis, issue 2 million shares and spend $4.25 million in exploration on the project. 

Once earn-in obligations are settled, a joint venture will be created, with Tarsis retaining a 2 per cent net smelter royalty on any minerals produced.  

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Mon, 10 Sep 2012 10:27:00 -0400 http://www.proactiveinvestors.com/companies/news/89434/tarsis-reports-final-drill-results-on-white-river-with-elevated-gold-in-all-holes-34493.html
<![CDATA[News - Tarsis Resources “encouraged by the geologic environment” in drill results at White River ]]> http://www.proactiveinvestors.com/companies/news/88756/tarsis-resources-encouraged-by-the-geologic-environment-in-drill-results-at-white-river-33396.html Tarsis Resources' (CVE:TCC) Thursday said it has received partial results from diamond drilling at its 7,002 hectare White River project in the Tintina Gold Belt, Yukon.

The company said its optionee, Driven Capital (CVE:DVV), is funding the 2012 exploration program as part of its commitment to earn a 60 per cent interest in the project.

Five holes were drilled in the HG zone of the project, with depths ranging from 126 to 210 metres, while two holes were drilled in the property’s Cool zone.

Tarsis noted that although a high density of veining is present in drill core, only three holes contain strongly elevated gold values within five separate shear zones, ranging from 1.16 to 3.68 grams per tonne (g/t) gold restricted to single intervals 0.38 to 1.41 metres in thickness.

The company said that hole WRDH-3 contains an average of 0.36 g/t gold over 15.60 metres with numerous missing intervals, resulting in approximately 70-per-cent overall core recovery.

Tarsis said that all gold mineralized zones contain highly elevated arsenic in excess of 10,000 parts per million (ppm) and bismuth up to 1,250 ppm.

“This arsenic-bismuth signature occurs as a halo up to 7.85 metres thick around anomalous gold and resembles that observed in surface sampling and soil geochemistry,” said the company in a recent release.

Elevated silver up to 30 g/t and copper up to 0.42 per cent are also present, Tarsis noted, adding that true thicknesses of all zones are unknown at this time, however all shear zones intersected are believed to be steeply dipping.

The company said that the presence of a high density of complex, multi-episodic veining, well-developed structural preparation and the abundance of blind mineralized zones in drilling “indicate the presence of a large and vigorous hydrothermal system”.

Driven has informed Tarsis that first phase drilling at the project is now complete and 1,327 metres were drilled in seven holes.

Tarsis noted that all drill holes encountered “multiple, well-developed shear zones” from one to 40 metres in drill thickness.

The company said the drill holes are mineralized by combinations of quartz-feldspar veining, pyrite-arsenopyrite-chalcopyrite veining and breccia, carbonate and/or sulphide veining and breccia, limonitic fracture networks and gossans; all of which are present in complex, multiple cross-cutting relationships.

Tarsis said about half of the shear zones can be correlated with trench exposures and surface lineaments, while the other half are blind with no surface geologic or geochemical indications.

“The presence of these blind zones is very encouraging and suggests that the degree of structural preparation and hydrothermal fluid flow is greater than initially thought,” said Tarsis.

The company said that poor core recovery to total loss of core was encountered within one or more shear zones in each drill hole. Since these intervals of missing geologic and assay data occur within some of the mineralized shear zones, Tarsis said that drilling was not completely successful in testing the near surface mineralized zones.

“While the initial assay results from diamond drilling at White River are disappointing, our optionee is encouraged by the geologic environment and intends to continue exploring the property,” said president and CEO Marc G. Blythe.

Under the terms of the option agreement with Tarsis, Driven can earn a 60-per-cent interest in the project by making a cash payment to Tarsis of $400,000, of which $50,000 has already been received.

Additionally, Driven must issue two million of its shares to Tarsis, of which 250,000 have been received; and must complete $4.25 million in exploration expenditures on the project before January 15, 2016.

As part of the deal, Tarsis will retain a two-per-cent net smelter return (NSR) royalty on any minerals produced from the project, half of which may be purchased for $2 million by Driven.

Tarsis said that once the earn-in obligations have been completed, a joint venture will be formed to operate the White River project.

Tarsis is a project generator and early stage explorer, working to find and develop economic base and precious metal deposits. The company currently has projects in Yukon, Canada and Mexico.

Earlier this month, the company said its Erika property in Mexico has become a high priority target, after discovering new mineralisation there.

Prospecting this summer has identified gold-bearing jasperoid breccias - features associated with Carlin gold systems.

From four samples taken from outcrops, assays ranged from 0.17 g/t gold to 0.94 g/t gold, the company said.

All returned strongly anomalous arsenic, at 230 to 3,140 ppm, mercury, 1 to 11 ppm, antimony, 30 to 195 ppm and thallium, 0.7 to 1.0 ppm.

The Erika property consists of two contiguous claims covering around 16,000 hectares in Guerro state.

Diamond drilling around 7km away last year identified Carlin-style mineralisation, with one hole showing 2.25 g/t gold over 3.60 meters from within a broader interval of 10.28 meters grading 1.14 g/t gold.

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Thu, 16 Aug 2012 10:53:00 -0400 http://www.proactiveinvestors.com/companies/news/88756/tarsis-resources-encouraged-by-the-geologic-environment-in-drill-results-at-white-river-33396.html
<![CDATA[News - Tarsis Resources "encouraged" by work at Erika property, Mexico ]]> http://www.proactiveinvestors.com/companies/news/88392/tarsis-resources-encouraged-by-work-at-erika-property-mexico--32799.html

Tarsis Resources (CVE:TCC) says the Erika property in Mexico has become a high priority target, after discovering new mineralisation there.

Prospecting this summer has identified gold-bearing jasperoid breccias - features associated with Carlin gold systems.

From four samples taken from outcrops, assays ranged from 0.17 grammes per tonne (g/t) gold to 0.94 g/t gold, the company said.

All returned strongly anomalous arsenic, at 230 to 3,140 parts per million (ppm), mercury, 1 to 11 ppm, antimony, 30 to 195 ppm and thallium, 0.7 to 1.0 ppm.

Tarsis president and chief executive Marc Blythe said: "We're very encouraged with the new developments on the Erika property. 

"The geology, interpreted structural architecture and surface soil geochemical signature in the vicinity of the newly discovered jasperoid mineralization elevate this target area to high priority status. 

"Tarsis plans to carry out infill soil sampling and further prospecting to prepare the area for drilling. 

"Carlin-Style systems are highly sought after because examples in Nevada contain large tonnages of high-grade gold ore and are significant contributors to production by major gold miners."

As well as Erika, Tarsis has projects in Yukon, Canada. The Erika property consists of two contiguous claims covering around 16,000 hectares in Guerro state.

Diamond drilling around 7km away last year identified Carlin-style mineralisation, with one hole showing 2.25 g/t gold over 3.60 meters from within a broader interval of 10.28 meters grading 1.14 g/t gold.

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Thu, 02 Aug 2012 03:47:00 -0400 http://www.proactiveinvestors.com/companies/news/88392/tarsis-resources-encouraged-by-work-at-erika-property-mexico--32799.html
<![CDATA[News - Diamond drilling program starts at Tarsis' White River project in Yukon ]]> http://www.proactiveinvestors.com/companies/news/87115/diamond-drilling-program-starts-at-tarsis-white-river-project-in-yukon-30646.html Diamond drilling has started at Tarsis Resources' (CVE:TCC) 7,002 hectare White River project in the Tintina Gold Belt, Yukon, according to a statement released by optionee Driven Capital (CVE:DVV) on Monday.

Driven Capital's (CVE:DVV) management has planned an exploratory drill program consisting of roughly 1,500 metres in 10 holes, using a heli-portable rig producing NTW sized core.

The initial campaign is designed to test the HG and Cool Zones, two mineralized areas that were outlined in the property's western portion by previous prospecting, mapping, geochemical rock and soil sampling, as well as hand trenching.

In the HG Zone, trench TR-HG11-02 yielded a channel sample of 82.2 grams per tonne (g/t) gold across 1.0 metre, and a grab and an auger sample from the core portion of the same exposure returned 214 g/t gold and 129 g/t gold, respectively.

Meanwhile, the Cool Zone yielded up to 18.9 g/t gold and 391 g/t silver from surface rock samples, while trenches TR-MB11-03 and TR-CZ11-01 returned samples of up to 4.24 g/t gold and 595 g/t silver, respectively.

Driven Capital can earn a 60 per cent interest in White River, subject to a 2 per cent net smelter return to Tarsis.
When Driven fully exercises its option, a 60/40 joint venture will be formed with optionor Tarsis Resources to further develop White River.

Canadian mineral explorer Driven Capital is focused on mineral exploration in British Columbia and the Yukon.

Tarsis has nine mineral properties in the Yukon, Canada, and one in Mexico. The company acquires prospective exploration projects when metal prices are low or of strategic value, and vends or options out projects to partners for advancement.

Tarsis reported in April that it had signed a definitive option and joint venture agreement for its White River gold-copper-silver property.

Under the terms of the deal, Driven can earn its majority stake by making cash payments to Tarsis of $400,000, issuing 2 million shares and spending $4.25 million in exploration on the project - all by January 15, 2016.

Tarsis also reported in January that strong anomalous gold was discovered in nine of the 11 hand trenches completed at the HG Zone at White River, with values ranging from 0.01 g/t gold to 214.0 g/t gold.

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Mon, 18 Jun 2012 11:52:00 -0400 http://www.proactiveinvestors.com/companies/news/87115/diamond-drilling-program-starts-at-tarsis-white-river-project-in-yukon-30646.html
<![CDATA[News - Tarsis Resources options 60% of White River project to Driven Capital Corp. ]]> http://www.proactiveinvestors.com/companies/news/85503/tarsis-resources-options-60-of-white-river-project-to-driven-capital-corp-27968.html Tarsis Resources (CVE:TCC) said Thursday that it has signed a definitive option and joint venture agreement for its White River gold-copper-silver property in the Yukon with Canadian mineral explorer Driven Capital Corp (CVE:DVV).

Under the terms of the deal, Driven can earn a 60 percent interest in White River, by making cash payments to Tarsis of $400,000, issuing 2 million shares and spending $4.25 million in exploration on the project - all by January 15, 2016.

Tarsis will retain a two percent net smelter return royalty on any minerals produced from the property. Half of the royalty can be bought by Driven for $2 million.

In January, Tarsis announced it sampled 82.2 grams per tonne (g/t) gold over one metre at the HG Zone of its White River property.

The sample was from a series of hand trenches at the property, intended to define the White River West target. Strong anomalous gold was discovered in nine of the 11 hand trenches completed, with values ranging from 0.01 g/t gold to 214.0 g/t gold.

Additionally, 800 new soil samples were collected and two lines of induced polarization (IP) geophysics were completed.

"We are very pleased to have optioned the White River project to Driven, which intends to explore it aggressively," said Tarsis president and CEO Marc Blythe.

"Driven has adequate financing to complete the first year's exploration commitment."
Once the deal receives exchange approval, Driven will issue 250,000 shares and pay $50,000 to Tarsis. The first year's work commitment is $500,000, including not less than 1,500 metres of drilling.

Tarsis said it is helping Vancouver-based Driven with planning a 2012 exploration program.

Once earn in obligations have been completed, a joint venture will be formed to operate the project, the parties said.

Driven is focused on mineral exploration in British Columbia and the Yukon.

Tarsis has nine mineral properties in the Yukon, Canada, and one in Mexico. The company acquires prospective exploration projects when metal prices are low or of strategic value, and vends or options out projects to partners for advancement.

Earlier this year, the company raised an increased $1.2 million from a private placement offering. The funds were to be used for "prospect generation" efforts in the Yukon and elsewhere, as well as for early stage exploration work to upgrade existing projects, and for general corporate purposes.

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Thu, 19 Apr 2012 11:38:00 -0400 http://www.proactiveinvestors.com/companies/news/85503/tarsis-resources-options-60-of-white-river-project-to-driven-capital-corp-27968.html
<![CDATA[News - Tarsis Resources' business model is built for large gains over long haul ]]> http://www.proactiveinvestors.com/companies/news/83651/tarsis-resources-business-model-is-built-for-large-gains-over-long-haul-24872.html Tarsis Resources (CVE:TCC) is a Canadian explorer and prospect generator that acquires properties on attractive terms, adds value and then vends or options them to qualified partners who fund development.

The company is still in the preliminary stages of its evolution and carries a market capitalization of only $9.6 million. The company was formed when a package of projects was spun out from Almaden Minerals (TSE:AMM) (AMEX:AAU) in 2007 and it still maintains a close relationship with Almaden.  Almaden is a mature project generator capitalized at $162.8 million, and illustrates the long term growth potential in this business model.

Tarsis’ initial property portfolio included Caribou Creek, Cabin Lake, Mor, Goz, Meister, Tim, and Prospector Mountain in the Yukon and a very prospective Mexican property known as Erika.

Since then, the company has acquired additional projects at White River, Burns, Rosie and Rogue in the Yukon, with an ongoing generative exploration effort that is targeting porphyry epithermal gold and copper resources and sediment-hosted gold resources primarily in Yukon.

White River is 100%-owned and is considered a key project that contains extended zones of significant gold, copper, and silver values.

White River contains a target area that measures 4.5 kilometres by 2 kilometres and includes the HG and Cool Zones, where anomalous values for copper >50 parts per million (ppm), arsenic >50 ppm, and gold >15 ppb were detected in soil geochemistry.

Prospecting along strike at both ends of the HG and Cool zones discovered locally-derived talus yielding significant gold-copper-silver values. Prospecting samples on the Cool Zone include one sample grading 18.9 grams per tonne (g/t) Au, 150 g/t Ag and 22.1% Cu and the zone is in excess of 500 metres along trend.

The HG Zone is more than 1,100 metres along trend, and one prospecting sample graded 39.8 g/t Au, 521 g/t Ag and 1.345% Cu.  Follow up trenching of this zone returned anomalous gold, copper and silver in several trenches with a highlight of 1.0 metre grading 82.20 g/t Au.  Four new showings were also indentified between the Cool and HG Zones, and an additional two showings located 700 metres southwest and 550 metres south of these zones also reported significant gold, silver and copper values.

Map: http://www.tarsis.ca/images/pdf/White_River_PR_Maps.pdf

Strongly anomalous gold values were reported in nine of 11 trenches that were recently completed. Highlights on the HG Zone include TR-HG11-02, which assayed 82.20 g/t Au over 1 metre, and included samples grading 214.0 g/t Au and 129.0 g/t Au. Trenches at the Cool Zone returned strongly anomalous gold, copper and silver values, while at the MS2 zone, trenching identified strongly anomalous gold and arsenic values in a stratabound setting.

A semi-contiguous gold-in-soil anomaly extending over 1,100 metres, and with a width of up to 250 metres was also identified at White River East.  This target is located 8 km east of the main target area.

Tarsis has developed numerous gold, silver and copper targets across White River that it believes have the potential to host the next major discovery in the Yukon. Drilling targets have been defined and will be drill tested in the current calendar year.

The company is also exploring the 100%-owned Erika Project that covers 16,000 hectares and is located in Guerrero State, Mexico. 

Erika has potential for sediment-hosted (Carlin-style) gold mineralization within an established mining district, and is 20 kilometres from the Goldcorp (NYSE:GG) Los Filos Mine, which produced 300,000 ounces of gold in 2010, and is Mexico’s largest gold mine. Torex Gold Resources (TSE:TXG) is exploring the adjoining property to Erika, hosting approximately 3.9 million ounces of gold. 

Tarsis has drilled across a 650 metre wide zone containing a transitional sequence of calcareous siltstone and mudstone. Drilling highlights from this zone included ER-11-14, which intersected two gold zones grading 1.05 g/t Au over 0.13 metres at 271.50 metres, and 1.14 g/t Au over 10.28 metres at 273.11 metres, and included higher grade intercepts grading 2.25 g/t Au over 3.60 metres and 2.79 g/t Au over 1.96 metres.

ER-11-15 intersected 1.08 g/t Au over 3.18 metres at a depth of 296.42 metres and includes a higher grade interval grading 1.78 g/t Au over 1.40 metres.

Tarsis has also completed a ground magnetic survey and believes that the property has potential to host a significant sediment-hosted gold system that may replicate similar styled gold deposits in Nevada that are very significant contributors to world gold production.

Future exploration will seek feeder structures in areas of favorable stratigraphy that may carry thicker and higher grades of gold mineralization.

Surface sampling has also defined a series of highly anomalous gold in soil and pathfinder geochemical responses that are up to 6 km from the area that was drilled.  The company said it believes these anomalies have significant potential and warrant drill testing.

Meanwhile, at its Yukon properties, Tarsis has optioned a 60% interest in Prospector Mountain to Silver Quest, which is now Independence Gold (CVE:IGO). The option consideration includes an exploration commitment of $4 million over four years, along with the staggered payments of $300,000 and issuance of 1,000,000 shares in Silver Quest. Tarsis has already received 400,000 shares and $100,000 in cash.

Silver Quest has spent approximately $2 million in drilling and exploration at Prospector Mountain, where a gold, silver, and copper porphyry system is the target. Early drilling highlights on the 1,400 metre long Bonanza Zone include 0.57 metres grading 14.15 g/t Au, at a depth of 78.75 metres. More drilling results from the 2011 field season are expected in the near future.

Tarsis follows the Almaden business model that is based on a highly skilled exploration effort running on frugal overheads, and a small issued capital of 27.4 million shares and 7.7 million options and warrants. This effort is driven by Marc Blythe, who serves as president, CEO and director, and was previously vice president of mining for Almaden Minerals from 2006 to 2011.

Adrian Fleming is a director and Australian geologist with 35 years of senior experience. He established Underworld Resources in 2006, which was acquired by Kinross (TSE:K) in 2009.  Kinross also holds 2.7 million shares in Tarsis for a 9.9% interest, and further attests to the quality of the exploration effort that is underway.

Gerald Carlson is an engineer who has been involved with global exploration efforts in precious and base metals for 35 years. He is the past president of AMEBC and is also a director of Almaden.

Almaden’s chairman, Duane Poliquin, serves as a senior advisor.

The company is currently completing a $1 million financing and plans to continue to manage its share structure to minimize dilution.

Tarsis certainly has a strong technical team with a strong track record, and is built for large gains over the long haul. 

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Mon, 13 Feb 2012 10:22:00 -0500 http://www.proactiveinvestors.com/companies/news/83651/tarsis-resources-business-model-is-built-for-large-gains-over-long-haul-24872.html
<![CDATA[News - Tarsis Resources increases private placement financing to $1.2 mln ]]> http://www.proactiveinvestors.com/companies/news/83612/tarsis-resources-increases-private-placement-financing-to-12-mln-24793.html Tarsis Resources (CVE:TCC) said late Thursday that it has increased its previously announced private placement financing to $1.2 million from $1.0 million, as the prior offering was oversubscribed.

The mineral explorer said it increased the offering to accommodate certain investors who may be able to assist the company with "future growth plans and future financings".
 
The financing, which is a non-brokered private placement, will now consist of 4.8 million units at 25 cents each, subject to final approval by the TSX Venture Exchange.

Each unit is comprised of one common share and one half of a non-transferable common share purchase warrant, with each full warrant entitling the holder to purchase one additional common share at a price of 40 cents each for a year and a half.
 
President and CEO, Marc G. Blythe, said: "Our financing effort had the offering oversubscribed even with the increase to accommodate additional demand and we are pleased that we were able to complete it in timely fashion."
 
The offering is due to close shortly, Tarsis said.

The new funds will be used for certain "prospect generation" efforts in the Yukon and elsewhere, as well as for early stage exploration work to upgrade existing projects, and for general corporate purposes.
 
Tarsis holds nine mineral properties in the Yukon, Canada and one in Mexico. The company acquires prospective exploration projects when metal prices are low or of strategic value, and vends or options out projects to partners for advancement.

In late January, the company announced it sampled 82.2 grams per tonne (g/t) over one metre at the HG Zone of its White River property in the Yukon.

The sample was from a series of hand trenches at the property, intended to define the White River West target. Strong anomalous gold was discovered in nine of the 11 hand trenches completed, with values ranging from 0.01 g/t gold to 214.0 g/t gold.

Additionally, 800 new soil samples were collected and two lines of induced polarization (IP) geophysics were completed.

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Fri, 10 Feb 2012 10:03:00 -0500 http://www.proactiveinvestors.com/companies/news/83612/tarsis-resources-increases-private-placement-financing-to-12-mln-24793.html
<![CDATA[News - Tarsis Resources to raise $1 mln through private placement ]]> http://www.proactiveinvestors.com/companies/news/83137/tarsis-resources-to-raise-1-mln-through-private-placement-24024.html Tarsis Resources (CVE:TCC) announced after the bell Tuesday that it has agreed to a $1 million private placement financing, as well as to the transfer of an option agreement on the Prospector Mountain property in Yukon.

The non-brokered private placement offering will consist of four million units at 25 cents each, subject to approval by the TSX Venture Exchange, Tarsis said.

Each unit will be comprised of one common share and one half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of 40 cents for one year and a half from the closing date.

The financing will be taken up by a group of strategic investors who have been long term supporters of exploration companies such as Tarsis in the past, both financially, and by assisting with growth strategies and contact networks, the company said.

New funds will be used for mineral exploration in the Yukon, Canada, and in Mexico, as well as for the review of new projects. Finder's fees of cash and warrants may be paid on a portion of the offerings, Tarsis added.

"We had the opportunity to expand our shareholder base with some strategic investors who liked our recent Yukon results so we decided it was a good long term move to complete this offering," said president and CEO, Marc G. Blythe.

Indeed, last week, Tarsis announced it sampled 82.2 grams per tonne (g/t) over one metre at the HG Zone of its White River property in the Yukon.

The sample is from a series of hand trenches at the property, intended to define the White River West target. Strong anomalous gold was discovered in nine of the 11 hand trenches completed, with values ranging from 0.01 g/t gold to 214.0 g/t gold.

Separately, Tarsis also said Wednesday that it has amended its option agreement with Silver Quest Resources (CVE:SQI) on its Prospector Mountain property, allowing Independence Gold Corp (CVE:IGO) to assume the obligations of the option deal.

Independence has also been given a three month extension on cash and share payments due under the agreement, giving the company time to review project results.

Exploration results, including diamond drilling from the 2011 season, are yet to be released.

Prospector Mountain is located in the Tintina Gold Belt, Yukon, Canada and the property consists of 239 mineral claims (approximately 4,996 hectares), located 90 kilometres northwest of Carmacks, Yukon.

Independence was formed as part of an arrangement where New Gold (TSE:NGD) acquired Silver Quest Resources, primarily for its Davidson/Blackwater Project, BC. Independence now holds all of Silver Quest's Yukon assets.

Tarsis has nine mineral properties in the Yukon, Canada and one in Mexico.

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Wed, 25 Jan 2012 14:42:00 -0500 http://www.proactiveinvestors.com/companies/news/83137/tarsis-resources-to-raise-1-mln-through-private-placement-24024.html
<![CDATA[News - Tarsis samples 82.2 g/t gold over 1.0 metre at White River ]]> http://www.proactiveinvestors.com/companies/news/82986/tarsis-samples-822-gt-gold-over-10-metre-at-white-river-23795.html Tarsis Resources (CVE:TCC) late Thursday announced it sampled 82.2 grams per tonne (g/t) over one metre at the HG Zone of its White River property in the Yukon.

The sample is from a series of hand trenches at the property, intended to define the White River West target. Strong anomalous gold was discovered in nine of the 11 hand trenches completed, with values ranging from 0.01 g/t gold to 214.0 g/t gold.

Additionally, 800 new soil samples were collected and two lines of induced polarization (IP) geophysics were completed.

Tarsis president and CEO, Marc Blythe said: "The White River property has the potential to host Yukon’s next significant discovery.

"We are very pleased with the development of the numerous gold-silver-copper targets and are particularly encouraged by the trench results from White River West where many of the zones have only been cursorily explored."

Notable results from the HG Zone include 82.2 g/t gold, 2.4 g/t silver, and 0.12 percent copper over 1.0 metre in trench TD-HG11-02. A grab sample from the same trench returned 214.0 g/t gold, 8.0 g/t silver, and 0.1 percent copper, while an auger sample from the trench returned 129.0 g/t gold, 10.5 g/t silver, and 0.03 percent copper.

Meanwhile, trench TR-HG11-01 on the HG Zone hit 4.0 metres of 1.28 g/t gold, 64.7 g/t silver, and 0.27 percent copper, and 6.0 metres of 1.19 g/t gold, 39.0 g/t silver, and 0.15 percent copper.

Located about 500 metres to the north, three trenches tested a localized portion of the Cool Zone. Previous sampling in the area has returned 2.0 g/t gold, 274 g/t silver, and 3.83 percent copper.

Notably, trench TR-CZ11-01 hit 2.0 metres at 1.3 g/t gold, 74.0 g/t silver, and 1.34 percent copper, 3.0 metres at 1.18 g/t gold, 595.0 g/t silver, and 1.77 percent copper, and 6.0 metres of 0.89 g/t gold, 151.0 g/t silver, and 1.82 percent copper.

Between the HG Zone and the Cool Zone, four trenches were cut at the MB Zone. Significant results include an auger sample from trench TR-MB11-01, which graded 2.59 g/t gold, 9.2 g/t silver, and 0.24 percent copper, and trench TR-MB11-03, which intersected 1.0 metre of 3.85 g/t gold, 2.9 g/t silver, and 0.56 percent copper, and 2.0 metres grading 4.24 g/t gold, 2.1 g/t silver, and 0.38 percent copper.

The last of the trenches was dug on the MS2 Zone, located 600 metres south of the HG Zone. Samples returned 0.88 g/t gold and 1.11 g/t gold, with only weak levels of silver and copper. Trench TR-MS2-11-01 intersected 5.0 metres of 1.95 g/t gold.

Tarsis said that soil sampling identified a new zone north of the main exploration region has improved the resolution of the South Zone, where a semi-continuous, gold-in-soil anomaly is defined along a 1,100-metre northwesterly trend, with values ranging from 9.0 parts per billion (ppb) to 1.67 g/t gold.

An area of anomalous copper was also discovered about 2.5 kilometres north-northwest of the South Zone. The area measures 400 metres by 200 metres, and copper values range between 80 parts per million (ppm) to 525 ppm.

No follow-up work has been completed in either of these areas.

Meanwhile, at the White River East target, which is located about eight kilometres east of the White Ridge West target, 890 soil samples were collected to follow up on anomalous ridge and spur sampling completed early last year.

Gold-in-soil values range from below detection to 380 ppb. One semi-continuous gold anomaly has been defined for about 1,100 metres.

Tarsis said it will spend the next few months designing the first phase diamond drill program for the property. Drilling will focus on expanding and defining both the White River West and White River East targets.

On the TSX-Venture, Tarsis shares rose 4.69 percent to $0.335, as of 10:04 am EDT.

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Fri, 20 Jan 2012 11:18:00 -0500 http://www.proactiveinvestors.com/companies/news/82986/tarsis-samples-822-gt-gold-over-10-metre-at-white-river-23795.html
<![CDATA[News - Tarsis Resources finds anomalous silver in soil sampling at Rogue prospect, Yukon ]]> http://www.proactiveinvestors.com/companies/news/81759/tarsis-resources-finds-anomalous-silver-in-soil-sampling-at-rogue-prospect-yukon-21695.html Tarsis Resources (CVE:TCC) gave an update Monday on its exploratory activities on the Rogue and recently-acquired Plata East prospects in east central Yukon, Canada.

Throughout 2011, the company completed reconnaissance-style exploration, comprising of stream sediment and soil geochemical sampling, as well as prospecting and geological mapping on Rogue and some grassroots targets identified nearby.

At Rogue, stream sediment sampling yielded values ranging from 0.1 grams per tonne (g/t) of gold to 4.3 g/t silver. The samples also returned anomalous results for pathfinder elements arsenic, mercury, antimony, thallium and zinc.

Soil sampling carried out at one location on the prospect returned values ranging from 2.7 g/t to 15.9 g/t silver, averaging 7.9 g/t. Eighteen soil samples were collected, spaced 25 metres apart. Mercury values were also strongly elevated, Tarsis said, while gold values ranged from below detection to 41 parts per billion (ppb).

The company said prospecting did not identify the source of the anomalous silver values on the target, but given the soil and stream sediment response for silver, Tarsis believes further exploration is merited.

At Plata East, which is located 20 kilometers east of the Rogue prospect, 61 rock samples were collected during prospecting, with assay results returning values ranging from below detection to 0.74 g/t gold. Elevated gold samples also yielded 7.43 g/t silver, 354 parts per million (ppm) arsenic and 2.08 ppm mercury, the company said.

This Plata East target was identified through analysis of government geochemical sampling, which yielded anomalous thallium of 1.17 ppm within stratigraphy considered prospective for sediment-hosted gold mineralization. Tarsis staked 72 claims to cover the anomalous results.

Tarsis is a mineral exploration company with properties in Yukon, Canada and Mexico.

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Mon, 28 Nov 2011 11:13:00 -0500 http://www.proactiveinvestors.com/companies/news/81759/tarsis-resources-finds-anomalous-silver-in-soil-sampling-at-rogue-prospect-yukon-21695.html
<![CDATA[News - Tarsis Resources ploughs ahead at Erika and White River Projects; underpinned by shareholders Almaden Minerals and Kinross ]]> http://www.proactiveinvestors.com/companies/news/81478/tarsis-resources-ploughs-ahead-at-erika-and-white-river-projects-underpinned-by-shareholders-almaden-minerals-and-kinross-21157.html Tarsis Resources (CVE:TCC) is a junior explorer and project generator that uncovers and develops early stage exploration properties for option and joint venture. The Company currently holds fourteen projects in the Yukon, and one in Mexico, and also seeks early stage properties in Canada.

The Company is developing the 100% owned Erika Project that covers 16,000 hectares and is located in Guerrero State, Mexico. Erika is surrounded by good quality infrastructure and is 47 kilometres south of the city of Iguala.

Erika has potential for sediment hosted Gold mineralization within an established mining district, and is 20 kilometres from the Goldcorp (NYSE:GG, TSE:G) Los Filos Mine, which produced 300,000 ounces of Gold in 2010, and is Mexico’s largest Gold mine. Gold Torex Gold Resources (TSE:TXG) is exploring the adjoining property to Erika, hosting approximately 3.9 million ounces of Gold.  

Tarsis recently completed a total of 4,020.8 metres of diamond drilling, part of which covers a 650 metre wide zone containing a transitional sequence of calcareous siltstones and mudstones. Results include 2.25 g/t Gold over 3.60 meters from within a broader interval of 10.28 meters grading 1.14 g/t Gold from drill hole ER-11-14.

Surface sampling has defined a series of highly anomalous Gold in soil and pathfinder geochemical responses that are up to 6 kilometres from the area that was drilled.

Tarsis has also completed a ground magnetic survey and believes that the property has potential to host a significant sediment hosted Gold system that may replicate similar styled Gold deposits in Nevada that are very significant contributors to world Gold production. Future exploration will seek feeder structures in areas of favorable stratigraphy that may carry thicker and higher grades of Gold mineralization.  

The second high potential project is known as White River, and is at the western end of the Nisling Range within the Tintina Gold Province in the Yukon. The Project is 100% owned, covers 6,400 hectares, and is located approximately 390 kilometres northwest of Whitehorse. The property is accessed by helicopter and is very close to the Alaska Highway.

The property is a grass roots discovery made by Tarsis in 2010, and covers a sequence of metasedimentary and metaplutonic rocks of the Slide Mountain Terrane that overlie metasedimentary successions of the regionally extensive Yukon Tanana Terrane, which are both locally intruded by mid-Cretaceous granodiorite of the Nisling Range and younger felsic porphyry dikes.

Initial sampling across the property identified the HG Zone that was traced over a strike length of at least 1,250 metres and includes a 500 metre strike line that was extensively sampled and reported assays of up to 39.8 g/t Au, 2.52% Cu and 1,310 g/t Ag.

A second and parallel system known as the Cool Zone was traced over a strike length of 800 metres and was sampled over a distance of 300 metres and reported assays of up to 18.9 g/t Au, 274 g/t Ag and 22.10% Cu.

A follow up soil sampling program that centered on the HG and Cool Zones and covering an area measuring 2,500 metres by 1,500 metres detected elevated Gold, copper and arsenic values that was largely coincident with the surface expression of the Slide Mountain Terrane strata. Surface sampling of locally derived talus within the HG and Cool Zones produced significant Gold, copper and silver values.

Four new prospects that lie between the HG and Cool Zones were identified and named as MB, BW, MS1, and MS2, and assayed up to 3.11 g/t Au, 391 g/t Ag and 0.90% Cu. Additional assay results are pending from infill sampling across this area.

Sampling across the eastern extension of White River identified 5 sites containing anomalous Gold and copper values, and resulted in the additional staking of 27 mineral claims that cover the newly identified mineralization. Assay results from the surface sampling are pending.

Tarsis has identified targets that are ready for drilling in 2012, and is seeking a joint venture partner to fund the next phase of exploration.

In mid 2011 the Company acquired a 100% interest in 10,500 hectares known as the Rogue Project, which is located 160 kilometres north of Faro, Yukon, and is accessible by helicopter or fixed wing aircraft.  

Earlier prospecting sought SEDEX style lead and zinc mineralization, but Tarsis is focused on the anomalous Gold values of 1 to 27 ppb identified by stream sediment sampling, and earlier reconnaissance work that found abundant anomalous silver values that ranged from 0.1 g/t to 23.9 g/t Ag from soils and 0.4 g/t to 8.6 g/t Ag from stream sediments. Elevated arsenic, antimony and molybdenum values were also reported with no explanation or follow up on the source of the persistent mineralization.

The Company optioned the Prospector Mountain Project in the Yukon to Silver Quest (CVE:SQI) in late 2009.  To date, more than $2 million has been spent on exploration and drilling.  While 2010 results did not meet Silver Quest expectations, Tarsis remains optimistic that the property hosts significant Gold resources within the eastern porphyry target that extends over 2,000 metres, and four epithermal style targets to the west.  

A pipeline of Yukon based projects are available for option to companies with funds available for exploration and development and include the Rosie Gold and copper porphyry prospect, MOR volcanic hosted massive sulphide copper and Gold prospect, Dawson sediment hosted Gold prospect, the Goz Creek carbonate hosted silver, lead and zinc project; and silver plus base metal prospects at Tim, Meister and Cord.   

Marc Blythe is the President, Chief Executive Officer and Director of Tarsis. He was previously the Vice President of Mining with Almaden Minerals (TSE:AMM) which is the biggest shareholder holding 4.1 million shares that constitute a stake of 15% in the Company.

Company directors include Adrian Fleming, an Australian geologist with 35 years of diversified and international exploration, project development, and operations experience. He established Underworld Resources that was acquired by Kinross (TSE:K) in 2009. Kinross recently took a 9.9% stake in Tarsis, obtaining 2.7 million shares at 60 cents and providing Tarsis with $1.6 million to continue its early stage exploration programs.

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Wed, 16 Nov 2011 09:49:00 -0500 http://www.proactiveinvestors.com/companies/news/81478/tarsis-resources-ploughs-ahead-at-erika-and-white-river-projects-underpinned-by-shareholders-almaden-minerals-and-kinross-21157.html
<![CDATA[News - Tarsis Resources completes 2011 exploration at White River, uncovers 4 new showings ]]> http://www.proactiveinvestors.com/companies/news/80908/tarsis-resources-completes-2011-exploration-at-white-river-uncovers-4-new-showings-20214.html Tarsis Resources (CVE:TCC) said late Tuesday that it has completed its 2011 exploration program at White River, Yukon, and has identified four new mineralized showings.

The company’s  focus this year has been expanding its 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, the company said.

Additional work was also conducted within the eastern part of the property including ridge and spur soil sampling, plus subsequent follow up grid soil sampling.

Tarsis expects to receive additional assay data from soil and trench samples completed this year in November.
At White River West, grid soil sampling has now been conducted within an area roughly 4.5 by 2 kilometres wide. 

Infill soil sampling at 50 by 50 metre spacing within a 1.5 by 1.5 kilometre block of the main soil sample grid has highlighted very specific moderate to strongly anomalous gold, arsenic and copper trends, the company said.

Prospecting following up on a number of soil geochemical anomalies in the area resulted in expanding the HG and Cool zones, plus the discovery of four new showings, Tarsis said, yielding significant gold-copper-silver values. These prospecting results have extended the known mineralization at the Cool and HG zones in excess of 500 and 300 metres, respectively, the company added.

Prospecting samples along the trends of the Cool and HG zones range from below detection to 8.98 grams per tonne of gold, while prospecting samples from the four new showings range from below detection to 3.11 g/t gold and 0.9 percent copper.

Trench sample results are still pending from the western part of the property.

Meanwhile, at the eastern part of White River, 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, and/or copper, and as a result, 27 mineral claims were subsequently added to the property to cover the anomalies. Around 800 grid soil samples were collected, for which results are pending, Tarsis said.

All field work for the 2011 field season has now been completed, and numerous assay results are awaited for rock, trench and soil samples.

“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," said president and CEO Marc Blythe.

"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 to undertake the next levels of exploration at White River, the company said in its statement.

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Wed, 26 Oct 2011 15:51:00 -0400 http://www.proactiveinvestors.com/companies/news/80908/tarsis-resources-completes-2011-exploration-at-white-river-uncovers-4-new-showings-20214.html
<![CDATA[News - Tarsis reports final batch of results from latest drill program at Erika ]]> http://www.proactiveinvestors.com/companies/news/79478/-tarsis-reports-final-batch-of-results-from-latest-drill-program-at-erika-17774.html Tarsis Resources (CVE:TCC) announced late Tuesday final diamond drill results from its recently completed program at its Erika property in Mexico, reporting high gold values over thick intervals.

All results have now been received for the company's 2010-11 diamond drill program at the site, with a total of 4,020 metres drilled.

Highlights from the new batch of results included 2.25 grams per tonne (g/t) of gold over 3.6 metres, from within a broader interval of 10.28 metres at 1.14 g/t gold, in hole ER-11-14.

Other notable assays included 3.18 metres of 1.08 g/t gold in hole ER-11-15, including 1.40 metres of 1.78 g/t gold.

The company said that significantly elevated levels of thalliium, mercury, arsenic and antimony elements show an "excellent correlation" with gold mineralization in the drill core.

"We are very encouraged with the higher gold values and thicker intervals received from the latest drill holes and continue to believe that this property has strong potential to host a significant sediment-hosted gold system," said president and CEO, Marc Blythe.

"Sediment-hosted gold systems elsewhere are known to contain significant gold resources and are a favoured style of mineralization by major gold producers.

"Future exploration at Erika will be designed to identify possible feeder structures in areas of favourable stratigraphy which we believe may host greater thicknesses and higher grades of gold mineralization.”

Tarsis is evaluating the results of the latest drill program to determine priority targets for a follow-up round of drilling, it said.

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Wed, 31 Aug 2011 09:53:00 -0400 http://www.proactiveinvestors.com/companies/news/79478/-tarsis-reports-final-batch-of-results-from-latest-drill-program-at-erika-17774.html
<![CDATA[News - Tarsis discovers sediment-hosted gold system at Erika ]]> http://www.proactiveinvestors.com/companies/news/78499/tarsis-discovers-sediment-hosted-gold-system-at-erika-16106.html Tarsis Resources (CVE:TCC) said Thursday that it has discovered a sediment-hosted gold system at its Erika property in Mexico.

Drilling at Erika initially targeted epithermal style mineralization, within holes ER-11-01 to ER-11-08, intersecting trace levels of gold, ranging from below detection to 55 parts per billion (ppb), but with significant values for arsenic of up to 6,080 ppm.

However, upon inspecting historical drill core from hole EK-03, the company decided to drill another five holes to establish vectoring data within this particular part of the mineralizing system, generating targets.

Drilling has encountered mineralization in four of five holes drilled across a 650 metre transect, the company said. This package of rocks is contained within a broad north-northeasterly trending structural corridor.

Assays have so far been received for three holes, with historical hole EK-03 intersecting 2.13 metres, grading 0.87 grams per tonne (g/t) of gold. Holes ER-11-09 returned 0.92 metres of 0.58 g/t gold, and hole ER-11-10 intersected 0.50 metres at 0.94 g/t gold.

Tarsis said that while the weighted average grades of the mineralized zones are sub-gram gold, a number of key features exist, including anomalous thallium, mercury, arsenic and antimony, "exhibiting excellent correlation with gold mineralization".

Further analysis of the quartered core from EK-03 shows the mineralized interval has significant increased silica and coincident depleted calcium content, the company said.

"Exploration for sediment-hosted gold is at an early stage at the Erika project and the company is highly encouraged by the lateral extent of the gold mineralization and the consistent alteration style and association with key pathfinder elements," said president Marc Blythe.

"Much needed vectoring analysis is now required to identify source proximal targets in this largely blind-to-surface mineralizing system."

Tarsis plans to pause drilling activity now for more analysis, with additional drilling to continue after the rainy season. In the meantime, the company has commissioned a high-resolution ground magnetic survey within the corridor of interest, due to be completed this month, with results expected to identify potential feeder zones.

In addition, the company has received results from a soil sampling program at Erika, with two distinct gold-in-soil anomalies having been outlined within the Souwest grid, south of the current drill transect.

Both anomalies are defined by intermittent clusters of gold-in-soil values 20 ppb and greater, and up to a maximum of 92 ppb.  The larger of the two anomalies measures approximately 1100 by 500 metres.  The anomalies are 600 metres apart, and both contain coincidentally-elevated arsenic, thallium, mercury and antimony.

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Thu, 07 Jul 2011 10:55:00 -0400 http://www.proactiveinvestors.com/companies/news/78499/tarsis-discovers-sediment-hosted-gold-system-at-erika-16106.html
<![CDATA[News - Tarsis Resources stakes 503 more claims, builds footprint in the Yukon ]]> http://www.proactiveinvestors.com/companies/news/77962/tarsis-resources-stakes-503-more-claims-builds-footprint-in-the-yukon-15238.html Tarsis Resources (CVE:TCC) said Tuesday that it has acquired 503 claims through staking in the Rogue District of Yukon

The claims, covering roughly 10,500 hectares, are located 170 kilometres east of Mayo, Yukon, and are situated within the Selwyn Basin, underlain by Hyland Group, Road River and Earn Group rocks, which are the focus of Sedex style lead-zinc exploration, modeled after the prolific Howards Pass district.

According to Tarsis, silver mineralization also occurs within this succession of rocks at the nearby Plata property.

The company, with existing mineral properties in the Yukon and Mexico, said that staking was carried out to cover anomalous gold responses seen in the regional government's stream sediment database.

While much of the historical exploration in the vicinity of the new claims was focused toward Sedex style lead-zinc mineralization, much of the work identified abundant anomalous silver values, ranging from 0.1 g/t to 23.9 g/t from soils, and 0.4 g/t to 8.6 g/t silver from stream sediments.

None of the anomalies were reportedly followed up and explained, Tarsis added.

Tarsis plans to conduct early stage exploration on the new assets this year, including prospecting, stream, rock and soil sampling, and mapping.

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Tue, 07 Jun 2011 14:56:00 -0400 http://www.proactiveinvestors.com/companies/news/77962/tarsis-resources-stakes-503-more-claims-builds-footprint-in-the-yukon-15238.html
<![CDATA[News - Tarsis stakes additional claims in Rogue District, Yukon ]]> http://www.proactiveinvestors.com/companies/news/77882/tarsis-stakes-additional-claims-in-rogue-district-yukon-15106.html Tarsis Resources (CVE:TCC) announced Thursday it has acquired a 100% interest in approximately 10,500 hectares in the Rogue District in the Yukon, after staking 503 claims.

The Rogue District is 170 kilometres east of Mayo, Yukon, and is accessible by helicopter. An airstrip is located on the nearby Plata property, owned by Silver Predator Corp.

The new claims cover anomalous gold samples from the Yukon government's geochemical database, with values varying between one and 27 parts-per-billion.

Abundant anomalous silver was also identified, with values from 0.1 grams per tonne (g/t) to 23.9 g/t from soils, and 0.4 g/t to 8.6 g/t silver from stream sediments. Values of arsenic, antimony and molybdenum were found as well.

None of the reported anomalies in the area have been followed up on or explained, said Tarsis.

The Vancouver, B.C.-based exploration company has 15 mineral properties in the Yukon and in Mexico, including the historical zinc-producing Goz Creek property near the Rogue District.

Tarsis, whose shares on the TSX Venture Exchange were trading at $0.54 per share as of Thursday afternoon, said it will carry out early stage exploration throughout the year, including prospecting, mapping, as well as stream, rock and soil sampling.

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Thu, 02 Jun 2011 14:32:00 -0400 http://www.proactiveinvestors.com/companies/news/77882/tarsis-stakes-additional-claims-in-rogue-district-yukon-15106.html
<![CDATA[News - Tarsis Resources to complete $1.6m financing with Kinross Gold ]]> http://www.proactiveinvestors.com/companies/news/77221/tarsis-resources-to-complete-16m-financing-with-kinross-gold-13960.html Junior explorer Tarsis Resources (CVE:TCC) said Tuesday that it will raise $1.6 million through a non-brokered private placement financing with mining giant Kinross Gold (TSE:K) (NYSE:KGC).

Kinross will purchase all 2.71 millon shares in the offering at a price of $0.60 each, subject to the approval of the TSX Venture Exchange.

The acquired shares will represent a near 10% stake in Tarsis.

Under the terms of the deal, Tarsis has agreed to give Kinross the right to maintain its stake during future financings.

"We are very pleased to have attracted the attention of Kinross, one of the world's largest gold producers. Their interest affirms our corporate and exploration strategies," said Tarsis president and CEO Marc Blythe.

The proceeds from the placement will be used for exploration at the company's properties in the Yukon, Canada and in Mexico, as well as for the review of new projects.

Kinross has operations in North and South America, West Africa and Russia.

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Tue, 19 Apr 2011 12:22:00 -0400 http://www.proactiveinvestors.com/companies/news/77221/tarsis-resources-to-complete-16m-financing-with-kinross-gold-13960.html
<![CDATA[News - Tarsis says drilling underway at Erika, aggressive 2011 exploration program ahead ]]> http://www.proactiveinvestors.com/companies/news/76949/tarsis-says-drilling-underway-at-erika-aggressive-2011-exploration-program-ahead-13487.html

Tarsis Resources (CVE:TCC) said Thursday that drilling is now underway at its Erika precious metals project in Mexico, with nine holes completed to date, for a total of 2,546 metres.

The company said that assays of the current drill program are pending, and will be released as soon as they become available.  Based on the geology observed to date, Tarsis has decided to drill an additional 1,000 metres.

In addition to the drill program, ground crews have collected approximately 200 stream sediment samples over unexplored portions of the property. 

At its White River property in the Yukon, Canada, the company is aiming to begin its 2011 work program in June, after receiving encouraging results last year. During 2010, the company identified two significant trends, within which select prospecting samples returned assays from below detection to 39.8 g/t gold. 

Finally, Tarsis said that it plans to carry out additional soil sampling and prospecting at its Dawson gold project in the Yukon this year, despite initial results in 2010 being generally below the company’s expectations.

In the Yukon, the company is working on prioritizing its targets, using various techniques to guide its exploration and generative program during 2011. The company’s generative program resulted in the discovery of the White River property during 2010.

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Thu, 31 Mar 2011 15:56:00 -0400 http://www.proactiveinvestors.com/companies/news/76949/tarsis-says-drilling-underway-at-erika-aggressive-2011-exploration-program-ahead-13487.html
<![CDATA[News - Tarsis Resources acquires Burns property in the Yukon ]]> http://www.proactiveinvestors.com/companies/news/76350/-tarsis-resources-acquires-burns-property-in-the-yukon-12403.html Tarsis Resources (CVE:TCC) said it has acquired, by staking, 36 claims in western Yukon, known as the Burns property.

At the 750 hectare property, located roughly 50 km north of Haines Junction, 37 talus samples were collected along a 1 km portion and returned assays ranging from below detection to 0.28 g/t gold, 1 ppm to 0.34% copper and below detection to 65.5 g/t silver.

"Although the target area is poorly understood at this time, the company interprets the property geology as being prospective for both porphyry and skarn style mineralization," Tarsis said in a statement.

Access to the property is by helicopter, with the nearest road located at the foot of Aishihik Lake, approximately 20 kilometers to the east.

President and CEO Marc Blythe said the company plans on carrying out an early stage exploration program at Burns in the spring.

Aside from its properties in the Yukon, Tarsis also has assets in Mexico.

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Thu, 17 Feb 2011 12:36:00 -0500 http://www.proactiveinvestors.com/companies/news/76350/-tarsis-resources-acquires-burns-property-in-the-yukon-12403.html
<![CDATA[News - Tarsis Resources defines high-grade gold zone at White River in Yukon ]]> http://www.proactiveinvestors.com/companies/news/75913/tarsis-resources-defines-high-grade-gold-zone-at-white-river-in-yukon-11742.html Tarsis Resources (TSXV: TCC) announced late Monday the final results from its 2010 exploration program on the White River property in the Yukon, which has defined a high-grade gold zone at the site.

The newly defined area, called the HG Zone, is an east-trending gold zone that was found through a strong anomalous gold-in-soil response over an 800 metre strike length, the company said.

Samples from the zone returned gold values up to 39.8 g/t gold within an approximately 200 metre portion of the anomaly. In total, 267 select prospecting samples were collected from the White River property, yielding values ranging from below detection to 39.8 g/t gold, 4 ppm to 8.52% copper and below detection to 1,310 g/t silver. 

Tarsis has staked an additional 140 claims to cover prospective mineralization north and east of the original claim block. The company is currently engaging in preliminary prospecting in the surrounding areas.

Tarsis said it plans to offer the White River property for option to exploration companies with the financing capabilities.

White River, which covers approximately 6,400 hectares, is located at the western end of the Nisling Range, within the Tintina Gold Province.  It is situated 11 kilometers north of Koidern, a minor settlement on the paved, all weather Alaska Highway.

Vancouver-based Tarsis has fourteen properties in the Yukon and one in Mexico.

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Tue, 25 Jan 2011 14:38:00 -0500 http://www.proactiveinvestors.com/companies/news/75913/tarsis-resources-defines-high-grade-gold-zone-at-white-river-in-yukon-11742.html
<![CDATA[News - Tarsis Resources acquires 186 claims in the Yukon, named Rosie property ]]> http://www.proactiveinvestors.com/companies/news/75329/tarsis-resources-acquires-186-claims-in-the-yukon-named-rosie-property-10770.html Tarsis Resources (TSXV: TCC) said Friday it has acquired, by staking, a 100% interest in 186 claims, named the Rosie property, located at the eastern end of the Nisling Range in the Yukon.

The company said it collected 31 samples on the property that returned assays ranging from below detection to 0.03 g/t gold, 1 ppm to 244 ppm copper and below detection to 29 ppm molybdenum.

In addition, geochemistry from prior government stream sediment sampling was anomalous for arsenic, antimony, and molybdenum, as well as having elevated gold and copper values.

“While the initial assay values are relatively low, we are highly encouraged by the alteration and pathfinder geochemistry, which we interpret to be indicative of a potential porphyry system.  We are looking forward to carrying out systematic early stage exploration on this target in the spring,” said president and CEO Marc Blythe.

Access to the property is by helicopter with the nearest road located at the head of Aishihik Lake, approximately 18 kilometers to the east.

Tarsis has 14 mineral properties in the Yukon and one in Mexico. 

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Fri, 10 Dec 2010 14:50:00 -0500 http://www.proactiveinvestors.com/companies/news/75329/tarsis-resources-acquires-186-claims-in-the-yukon-named-rosie-property-10770.html
<![CDATA[News - Tarsis begins exploration drilling at Erika project in Mexico ]]> http://www.proactiveinvestors.com/companies/news/74940/tarsis-begins-exploration-drilling-at-erika-project-in-mexico-10185.html Tarsis Resources (TSX-V: TCC) said Thursday it has begun a diamond drilling exploration program at its Erika project in Guerrero State, Mexico.

A diamond drilling contract for 2,000 metres has been awarded to Landdrill International, with drilling expected to begin within one week. 

Tarsis said the planned drilling will test for precious metals within a low-sulphidation epithermal system. The company also plans to prospect and collect stream sediment samples from previously under-explored parts of the 16,000 hectare property.

“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.  At Erika, we also have soil geochemical confirmation of the anomalies which improves the quality of the targets,” said president and CEO Marc Blythe.

Erika also adjoins Torex Gold's (TSX: TXG) Morelos Norte project, which features a 3.0 million ounce gold resource, and is close to Goldcorp's (NYSE: GG) Los Filos project, which produced 239,000 ounces of gold in 2009, featuring 5.64 million ounces of gold reserves.

Separately, Tarsis also announced today that Acme Resources (TSX-V:ARI) has withdrawn from an option agreement on its Tim property in the Yukon, and the company will now compile the exploration data Acme completed and offer the project to other interested companies.

Tarsis said Acme increased the size of the Tim property to 288 claims (approximately 6,000 hectares) and returned the claims in good standing until 2013. 

Tarsis was down more than 4% at $0.43 as of 12:30pm EST on Thursday.

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Thu, 18 Nov 2010 17:50:00 -0500 http://www.proactiveinvestors.com/companies/news/74940/tarsis-begins-exploration-drilling-at-erika-project-in-mexico-10185.html
<![CDATA[News - Tarsis Resources prospects 19.3 g/t gold at main zone on White River project in Yukon ]]> http://www.proactiveinvestors.com/companies/news/74518/tarsis-resources-prospects-193-gt-gold-at-main-zone-on-white-river-project-in-yukon-9555.html Tarsis Resources (TSX-V: TCC) said Wednesday it yielded 19.3g/t of gold from prospecting at the main discovery zone of its White River property in Yukon.

Follow up prospecting on the zone, which is approximately 350 metres wide by 600 metres long, yielded one select float sample containing 19.3g/t gold, 0.21% copper and 16.9g/t silver.

A further float sample contained 8.52% copper and 6.0 g/t silver, while another contained 1,310 g/t silver, 0.51 g/t gold and 2.02% copper.

Within the main discovery zone,  results have been received for a total of 111 rock samples, which returned values ranging from 8ppm to 8.52% copper, below detection to 19.3g/t gold and to 1,310g/t silver.

Tarsis said it has lightly completed prospecting on areas outside the main discovery zone, for which results are still pending on a number of samples.

White River is located at the western end of the Nisling Range, within the Tintina Gold Province. It is situated 11 km north of Koidern, a minor settlement on the paved, all weather Alaska Highway, which is 390 km northwest of Whitehorse.

Tarsis owns fourteen mineral properties in Yukon, Canada and one in Mexico.

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Wed, 27 Oct 2010 19:42:00 -0400 http://www.proactiveinvestors.com/companies/news/74518/tarsis-resources-prospects-193-gt-gold-at-main-zone-on-white-river-project-in-yukon-9555.html
<![CDATA[News - Tarsis' White River sampling in Yukon leads to additional staking on property ]]> http://www.proactiveinvestors.com/companies/news/74254/tarsis-white-river-sampling-in-yukon-leads-to-additional-staking-on-property-9125.html Mineral explorer Tarsis Resources (TSX-V: TCC) said it has received results from soil geochemical sampling completed on its White River property in Yukon, which has led the company to more than triple the number of claims on its property.

In total, 933 soil samples were collected, with gold values ranging from zero to 0.38 g/t, copper values from 10 ppm to 2,320 ppm (0.23%) and silver values from 0.1 g/t to 21.9 g/t.

The soil assays appear to define at least three discrete, approximately east – west trending zones, ranging from 500 metres to 2 kilometres in length, with widths of 200 to 400m, the company said.

On the back of the encouraging results, Tarsis has staked an additional 120 claims to cover possible extensions to the mineralization found in the program, increasing the size of the property from 48 claims to 168, or 3,500 hectares. The soil sampling covers an area of approximately 4km by 2.5km, at 100m sample spacings.

The company also intends to increase the coverage of the soil sampling, as well as the density of the samples by infill sampling, for which the work will be carried out in spring of next year.

The White River property is located 11km north of the Alaska Highway and 390km west of the capital, Whitehorse.

Tarsis has fourteen mineral properties in Yukon, Canada and one in Mexico. 

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Tue, 12 Oct 2010 17:03:00 -0400 http://www.proactiveinvestors.com/companies/news/74254/tarsis-white-river-sampling-in-yukon-leads-to-additional-staking-on-property-9125.html
<![CDATA[News - Tarsis closes $1m over-subscribed private placement ]]> http://www.proactiveinvestors.com/companies/news/74124/tarsis-closes-1m-over-subscribed-private-placement--8910.html Tarsis Resources (TSX-V: TCC) said Monday it has closed a private placement financing of approximately $1.0 million.

The offering of 4.1 million units at $0.25 per unit to raise gross proceeds of $1.025 million closed on Friday.

Each unit issued in the private placement consisted of one common share and one non-transferable common share purchase warrant, exercisable for 18 months, to acquire one common share at $0.50. The units have a four month hold period ending on February 1, 2011. Insider participation amounted to 20,000 units, or 0.5%.

The funds will be used to continue to advance the company’s mineral exploration projects in the Yukon and Mexico in preparation for option agreements.

 “These funds will be focused on the acquisition of new projects in Yukon and Mexico, including an exploration program on our Erika project and for general corporate purposes. As in the past, we have kept dilution to a minimum by raising only modest amounts of money to fund our immediate plans," said president and CEO Marc Blythe.

The placement, which was over-subscribed, leaves the company with 22,920,470 shares outstanding.

Separately, Tarsis has also granted 875,000 stock options to directors, officers and consultants, exercisable for five years at a price of $0.59 per share.

Tarsis is an early stage exploration company following the prospect generator business model, with mineral properties in the Yukon, Canada and Mexico. The company acquires properties prospective for gold, copper, zinc, silver and lead mineralization, and vends or options out projects to partners for advancement.

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Mon, 04 Oct 2010 18:54:00 -0400 http://www.proactiveinvestors.com/companies/news/74124/tarsis-closes-1m-over-subscribed-private-placement--8910.html
<![CDATA[News - Tarsis to raise $1m for Yukon and Mexico exploration through private placing ]]> http://www.proactiveinvestors.com/companies/news/69082/-tarsis-to-raise-1m-for-yukon-and-mexico-exploration-through-private-placing-8547.html Tarsis Resources (TSX-V: TCC) is to raise $1 million through a non-brokered private placement to support mineral exploration activities in the Yukon and Mexico.

Under the terms of the placing, strategic investors will buy 4 million units of Tarsis at $0.25 per unit.

Each unit is comprised of one common share and one non-transferable common share purchase warrant, which entitles the holder to purchase one additional common share for a period of 18 months at a price of $0.50 per common share.

In addition to supporting mineral exploration in the Yukon and Mexico, the new funds will also be used for the review of new projects and general corporate purposes.

"We had the opportunity to expand our shareholder base with some strategic investors who liked our recent results in the Yukon so we decided it was a good long term move to complete this offering," said president and CEO Marc G. Blythe. 

Tarsis has nine mineral properties in the Yukon, Canada and one in Mexico. The company acquires prospective exploration projects when metal prices are low and vends or options out projects to partners for advancement.

The company was up close to 9% on Monday, trading at $0.4 as of 1:34pm ET on the TSX-Venture Exchange.

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Mon, 20 Sep 2010 18:35:00 -0400 http://www.proactiveinvestors.com/companies/news/69082/-tarsis-to-raise-1m-for-yukon-and-mexico-exploration-through-private-placing-8547.html
<![CDATA[News - Tarsis begins diamond drilling program at Prospector project in Yukon ]]> http://www.proactiveinvestors.com/companies/news/69069/-tarsis-begins-diamond-drilling-program-at-prospector-project-in-yukon-8324.html Tarsis Resources (TSX-V: TCC) has said that a 1,500 metre, 11-hole diamond drilling program has begun on its Prospector Mountain project in Yukon, to be carried out by joint venture partner Silver Quest Resources (TSX-V: SQI).

The drill holes are designed to test mineralization underneath the Bonanza Zone, first discovered by Tarsis in 2009 and confirmed by Silver Quest this year, the company said. 

The Bonanza Zone features strongly anomalous gold, copper and silver assays from grid soil sampling, within a 1,000 metre by 550 metre area. 

During the first phase of exploration at Prospector Mountain this season, Silver Quest collected two select prospecting samples, which returned assays of 109 g/t gold and 53 g/t gold, respectively. 

Under the terms of the joint venture, Silver Quest has the option to acquire a 60% interest in the Prospector Mountain property by spending $4 million on exploration over four years, by issuing one million Silver Quest shares to Tarsis, and by making payments of $300,000, $50,000 of which was paid to date.

Silver Quest can earn an additional 10% stake by completing a feasibility study.

Tarsis is an exploration company following the prospect generator business model, with fourteen mineral properties in Yukon, Canada and one in Mexico. 

The company is up nearly 5% to $0.325 as of 1:00pm ET on Friday on the Toronto Stock Exchange.

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Fri, 10 Sep 2010 18:04:00 -0400 http://www.proactiveinvestors.com/companies/news/69069/-tarsis-begins-diamond-drilling-program-at-prospector-project-in-yukon-8324.html
<![CDATA[News - Tarsis Resources hits copper-gold-silver-zinc mineralization at MOR property ]]> http://www.proactiveinvestors.com/companies/news/72267/tarsis-resources-hits-copper-gold-silver-zinc-mineralization-at-mor-property-8029.html Tarsis Resources (TSX-V:TCC) decision to undertake drilling at the MOR property in Yukon appeared to be a good decision after the company reported encouraging assays from one of two diamond drill holes completed.

Tarsis Resources focused on taking early stage exploration projects and advancing them enough to attract the interest of another company looking for slightly more advanced, but nonetheless, early stage exploration project with good potential to add value.

The MOR property is one of Tarsis Resources` properties that it is seeking a joint venture partner for, and the odds of finding one appeared to improve today after it reported that drill hole MOR 10-01 intersected (approximately true widths) 7.8 meters averaging 0.71% copper, 0.41 grams per tonne gold plus silver and zinc, from 85 meters.  Within the 8.7 meter interval was a higher grade 0.65 meters averaging 1.43% copper, 1.13 grams per tonne gold, 49.1 grams per tonne silver and almost 2% zinc.

Hole 10-01 intersected massive, semi-massive and heavily disseminated sulphides.

“The drilling is interpreted to have successfully intersected an extension to the Discovery Horizon which was also intersected in diamond drill programs conducted in 2007 and 2008.  The Discovery Horizon has now been tested and is apparently continuous over 600 meters of strike length,” Tarsis noted.


Shares in Tarsis Resources pulled back 20% this morning, though this appeared to be more related to profit taking after a strong run in the company`s share price over recent weeks, plus news that an early stage exploration campaign at another project – Dawson Gold – had failed to return any significant gold assays

Tarsis’ President and CEO, Marc G. Blythe stated “We have satisfactorily explained the geochemical anomaly identified through prior auger soil sampling and will now focus on finding a partner who would like to option the property to continue exploration.”

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Tue, 31 Aug 2010 17:46:00 -0400 http://www.proactiveinvestors.com/companies/news/72267/tarsis-resources-hits-copper-gold-silver-zinc-mineralization-at-mor-property-8029.html