Sign up USA
Proactive Investors - Run By Investors For Investors

Tarsis Resources reveals high grade channel samples from Yukon property

Tarsis Resources reveals high grade channel samples from Yukon property

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

View full TCC profile View Profile

Tarsis Resources Timeline

Related Articles

latin-resources-Chris-Gale-757.jpg
January 24 2017
Samples grading up to 4.46% lithium oxide were taken from drill targets.
LesothoBrown_hires.jpg
August 03 2017
New chief executive will will push down costs and go on the hunt for deals
Noodles
February 13 2017
The final three months of the year continued a healthy revenue growth trend for the nascent food distribution business

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Copyright © Proactiveinvestors.com, 2017. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use