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Market: TSX-V
Sector: General Mining
Epic: TCC
News: Latest news
Web Site: Tarsis Resources
Other Articles: 13-08-201010-08-201004-08-2010

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Tarsis Resources

Tarsis Resources

Project Generator and Early Stage Explorer
Tarsis is a project generator and early stage explorer, working to find and develop economic base and precious metal deposits. We aim to identify and advance exciting projects by joint venturing with enthusiastic partners and through our own early stage exploration programs.

Discovery Focused
Tarsis is working to expose its shareholders to the initial increase in stock valuation which occurs when a significant mineral deposit i s found. When appropriate, Tarsis will manage risk by joint venturing with other companies to share the costs of developing mineral deposits.

High Quality Properties
Tarsis has eight high-quality properties, located in Canada and Mexico with potential for base and precious metals. One property, Goz Creek, features an historic resource which Tarsis is working to upgrade to NI 43-101 compliance.

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Tuesday, December 15, 2009

Tarsis Resources options Prospector Mountain gold-silver-copper project to Silver Quest

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Tarsis Resources (TSX-V: TCC) has signed an option agreement with Silver Quest Resources (TSX-V: SQI), giving the latter the right to earn up to a 70% interest in the 5,000 ha (hectare) Prospector Mountain project in south western Yukon in Canada.


Silver Quest may now earn an initial 60% in the project by spending C$4 million on exploration over four years, issuing one million shares and paying C$0.3 million to Tarsis. The company has a firm commitment to spend C$0.35 on exploration in the first year of the agreement with 200,000 shares and C$50,000 payable over the same period.


A further increase to 70% is possible if Silver Quest completes an NI43-101 compliant feasibility study on the project within 36 months of initial earn in.


The Prospector Mountain property consists of 239 mineral claims, or approximately 4,996 ha and is located in the Tintina Gold Belt 90 kilometres northwest of Carmacks, Yukon. The claims cover a high-level porphyry copper-gold system, the core of which is believed to be hosted within the eastern part of the claim block while peripheral epithermal gold-silver-lead vein targets occur within the western part of the property.


During 2009, Tarsis carried out prospecting and early stage exploration, which led to the discovery of a new zone, subsequently termed the Bonanza Zone. Highlights prom the sampling included 82.8 g/t (grammes per tonne) gold, 299 g/t silver and 1.49% copper; 14.0 g/t gold, 1,340 g/t silver and 11.65% copper; 55.7 g/t gold, 1,375 g/t silver and 7.38 % copper and 82.2 g/t gold, 888 g/t silver and 5.97% copper.


“We are very pleased to have (Silver Quest) option this project from us and we look forward to further exciting results from exploration,” said President and Chief Executive of Tarsis Marc Blythe.

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