Sign up USA
Proactive Investors - Run By Investors For Investors

Tarsis Resources reveals work on Erika property from previous partner Osisko

Tarsis Resources reveals work on Erika property from previous partner Osisko

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.   

View full TCC profile View Profile

Tarsis Resources Timeline

Related Articles

nevada
January 06 2017
Sienna's property is located in the deepest sections of a basin that's hosts lithium production from brine.
1509542969_Lithium_381225958_58c8743f4a122.jpg
November 01 2017
Pan Asia Metals is building strength in depth in South East Asia
Kin Mining's Trevor Dixon talked release of the company's Definitive Feasibility Study at Proactive'
September 14 2017
Trevor Dixon talked pending DFS and gold ounce growth strategy at Proactive's CEO Sessions.

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