Tarsis Completes Exploration Program at
White River, Yukon
- 4
new mineralized showings identified
- Samples range from below detection to 8.98 g/t
gold
- 14
hand trenches completed; results pending
- 27 additional mineral claims staked to cover new
anomalies
Tarsis Resources Ltd. (TSXV: TCC) (�Tarsis� and �the Company�) has completed its 2011 exploration
program at White River, Yukon, and is pleased to provide an update on
recent activities and partial results.
The Company�s 2011 focus has been largely directed toward expanding its
detail 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. Additional work has also been conducted within the eastern part of
the property including ridge and spur soil sampling plus subsequent follow up
grid soil sampling.
The Company expects to receive
additional assay data from soil and trench samples in November.
White River - West
Broad spaced grid soil sampling has now been conducted within an area roughly
4.5 by 2 km. Much of the soil sampling covers a sequence of
metasedimentary and metaplutonic rocks of the Slide Mountain Terrane (SMT) that
overlie metasedimentary successions of the regionally extensive Yukon Tanana
Terrane (YTT). Both terranes are locally intruded by mid-Cretaceous
granodiorite of the Nisling Range and younger felsic porphyry dikes.
Previously reported
copper-gold-silver mineralization at the HG and Cool zones (See News Release
dated August 3, 2011) are best characterized by copper (>50 ppm)-, arsenic
(>50 ppm)-, and gold (>20 ppb)-in-soil geochemistry. These
anomalous thresholds persist over an area some 2.5 by 1.5 km that is largely
coincident with the surface expression of the SMT strata. Gold-in-soil
values are coincidentally anomalous (>20 ppb) within this area and also form
significant anomalous clusters in the peripheral underlying YTT
stratigraphy.
Infill soil sampling at 50 by 50 m spacing within a 1.5 by 1.5 km block
of the main soil sample grid has highlighted very specific moderate to strongly
anomalous gold, arsenic and copper trends. The strongest trends (HG and
Cool zones) are coincident with easterly oriented recessive lineaments up to
10�s of meters wide while less prominent secondary trends are associated with
northeasterly oriented lineaments. These trends have been verified by
detailed ground based lineament mapping. Additional infill sampling has
been completed within two adjoining blocks totaling 2.5 km2, results for which
are pending.
Follow-up prospecting of a number of soil geochemical anomalies has
resulted in the expansion of the HG and Cool zones plus the discovery of four
new showings.
Prospecting along strike at both ends of the HG and Cool zones
discovered locally derived talus yielding significant gold-copper-silver
values. Mineralization varies from small pieces of limonite- goethite
often with malachite staining to partially oxidized gabbro to rusty weathering
silicified gabbro/metasedimentary talus with fine disseminated
arsenopyrite. The significant prospecting
results along the trends of the Cool and HG zones are listed in Table I.
Table I � Cool and HG Zones
Zone
|
Sample
Type
|
Gold
(g/t)
|
Silver
(g/t)
|
Copper
(%)
|
Cool
|
Limonite
|
8.98
|
23.0
|
0.76
|
|
Limonite
|
-
|
18.7
|
-
|
|
Limonite
|
-
|
26.3
|
0.29
|
|
Limonite
|
0.35
|
82.7
|
2.93
|
|
HG
|
Gabbro +
aspy
|
7.75
|
-
|
-
|
These prospecting results have
extended the known mineralization at the Cool and HG zones in excess of 500 and
300 m, respectively.
In addition to the pending infill
soil sampling peripheral to the main grid area, fourteen hand trenches were
located at strategic sites along the HG and Cool zones plus a number of spot
anomalies between the two zones. Trench sample results are pending.
Four new showings were identified
while prospecting lineaments and coincident soil geochemical anomalies.
The MB and BW showings are situated between the Cool and HG zones.
Mineralization at the MB Showing consists of dark brown limonite/goethite talus
with malachite coatings concentrating in frost heaves along one of several
northeasterly trending lineaments mapped in the area. Mineralization at
the BW Showing consists of dark brown to pale orange limonitic gabbro believed
to be associated with an easterly trending lineament parallel to the Cool and
HG zones.
The remaining two showings, MS1
and MS2, are situated 700 and 550 m southwest and south of the HG Zone,
respectively. These showings are interpreted to occur largely within the
upper metasedimentary sequence of the YTT near the contact with the overlying
SMT rocks. Mineralization consists of fine- to medium-grained disseminated
arsenopyrite plus minor chalcopyrite within large angular blocks of moderately
texturally destructive silicified metasedimentary host rocks. Significant
prospecting results from the four new showings are listed in Table II.
Table II � MB, BW, MS1 and MS2 Showings
Zone
|
Sample
Type
|
Gold
(g/t)
|
Silver
(g/t)
|
Copper
(%)
|
MB
|
Limonite
|
3.11
|
391
|
0.80
|
|
Limonite
|
0.41
|
173
|
0.88
|
|
BW
|
Limonitic
Gabbro
|
1.00
|
-
|
0.20
|
|
MS1
|
Metasediments
|
1.45
|
31.2
|
0.41
|
|
Metasediments
|
1.11
|
9.5
|
0.28
|
|
Metasediments
|
0.55
|
8.7
|
0.18
|
|
Metasediments
|
-
|
45.9
|
0.90
|
|
MS2
|
Metasediments
|
1.11
|
-
|
-
|
|
Metasediments
|
0.88
|
-
|
-
|
Two broadly spaced north trending reconnaissance survey lines were
established to collect detailed ground based magnetic and induced polarization
(IP) data across the HG and Cool zones. The survey was centered over the
two zones and extended well past the surface expression of the strongest soil
geochemical anomalies. Results for these surveys are pending.
White River - East
The eastern part of the property occupies a similar geological/structural
setting as described in the west. 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 (below detection to 278 ppb) and/or copper (6 to 278 ppm). As a
result twenty-seven mineral claims were subsequently added to the property to
cover the anomalies and approximately 800 grid soil samples were collected for
which results are pending.
All field work for the 2011 field
season is now complete and numerous assay results are pending for rock, trench
and soil samples.
Marc Blythe, President & CEO
commented: �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.
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 with demonstrated technical and financial capability to
undertake the next levels of exploration at White River.
The technical information
contained in this press release was prepared under the supervision of Mr. Marc
G. Blythe, P.Eng., the President and CEO of Tarsis Resources Ltd. Mr.
Blythe is a Qualified Person as defined by NI 43-101.
About Tarsis Resources
Tarsis is an exploration company following the prospect generator business
model, with mineral properties in Yukon, Canada and Mexico. The Company
acquires projects on attractive terms, adds value and then vends or options out
projects to partners for advancement.
On behalf of the Board,
Marc G. Blythe, P.Eng., MBA.
President and Chief Executive Officer