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TARTISAN RESOURCES ADDED TO CSE COMPOSITE INDEX $TTC.ca

Posted by AGORACOM-JC at 6:59 PM on Friday, March 17th, 2017

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The quarterly rebalancing of the CSE Composite Index will result in the following changes, effective after the close on Friday, March 17, 2017.

Additions

TTC – Tartisan Resources Corp.

For more information about the CSE Composite Index, including the full list of securities and the index methodology, visit the CSE website.

Contact Information

Index Management

Robert Cook, Senior Vice-President Market Development

Robert.Cook@thecse.com          (416) 367-7349

Media Relations

Richard Carleton, CEO

Richard.Carleton@thecse.com  (416) 367-7360

Read bulletin: http://thecse.com/en/about/publications/bulletins/2017-0307-index-cse-composite-index-quarterly-rebalancing

Tartisan Resources Corp. Announces Closing of Private Placement for Proceeds of $161,000 $TTC.ca

Posted by AGORACOM-JC at 11:22 AM on Thursday, March 16th, 2017

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  • Raised $CDN 161,000 via non-brokered private-placement of 1,076,716 units to one placee at CDN $0.15 cents per unit with a full warrant at CDN $0.20 cents, expiring 18 months from date of closing of this offering

Toronto, Ontario (FSCwire)Tartisan Resources Corp. (CSE: TTC) (“Tartisan”, or the “Company”) is pleased to announce a Private Placement which closed today for proceeds of $161,000.

Private Placement

Tartisan Resources Corp. has raised $CDN 161,000 via non-brokered private-placement of 1,076,716 units to one placee at CDN $0.15 cents per unit with a full warrant at CDN $0.20 cents, expiring 18 months from date of closing of this offering.

The net proceeds from this offering will be used for general working capital purposes and to acquire and further its interests in properties and projects in Peru.

Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Currently, there are 63,287,629 shares outstanding (82,759,982 fully diluted).

For further information, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 (mark@tartisanresources.com). Additional information about Tartisan can be found at the Company’s website at www.tartisanresources.com or on SEDAR at www.sedar.com.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release)

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/TartisanPR03162017.pdf

Source: Tartisan Resources Corp. (CSE:TTC)

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Tartisan Resources Corp. Signs an LOI for the Purchase of the Ichuna Copper-Silver Property in Peru $TTC.ca

Posted by AGORACOM-JC at 8:20 AM on Thursday, March 16th, 2017

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  • Signed a letter of intent with Duran Ventures Inc.  for the purchase of the Ichuña Copper-Silver property in Peru
  • Recently entered into an LOI with Duran regarding the purchase of the Don Pancho property

Toronto, Ontario – Tartisan Resources Corp. (CSE: TTC) (“Tartisan”, or the “Company”) Tartisan Resources Corp. (“Tartisan” or the “Company”) is pleased to announce that the Company has signed a letter of intent (“LOI”) with Duran Ventures Inc. (V-DRV) for the purchase of the Ichuña Copper-Silver property (“Ichuña” or the “Project”) in Peru. Tartisan recently entered into an LOI with Duran regarding the purchase of the Don Pancho property (see Company’s new release dated February 22, 2017).

Tartisan has entered into an agreement with Duran to acquire 100% of the Ichuña Copper-Silver property in Peru located in the department of Moquegua, 825 kilometres southwest of Lima, comprising one concession of 1000 hectares. More specifically, the Ichuña property is located 120 kilometres northeast of Arequipa and is contiguous to the San Gabriel Project, previously called the Chucapaca Project, a gold-silver discovery announced in 2010 through a joint venture with Goldfields Ltd. and Compañia de Minas Buenaventura (“Buenaventura”). An initial resource of 83.7 MT, 1.9 g/t Au, 8.2 g/t Ag and 0.09% Cu for an 5.6 million equivalent Au ounces was published in May 2010*. *(https://www.goldfields.co.za/med_news_article.php?articleID=592)

In August 2014, Buenaventura announced the purchase of Goldfield’s 51-per-cent interest in the San Gabriel Project for $81-million (U.S.) and a 1.5% net smelter royalty (“NSR”) on all metal sales. Currently Buenaventura is proposing an underground mine at the project, specifically on the Canahuire gold zone, located approximately three kilometres to the south of the Ichuña project.

Duran acquired the 1000 hectare Ichuña concession in 2006 before the discovery at San Gabriel. Extensive high grade surface Cu-Ag mineralization was initially observed by Duran’s geologists and was later followed up by a property wide geophysical survey in 2010. The work identified a large IP geophysical anomaly trending northwest-southeast measuring over 1,500 metres in length. It is important to note that the discovery of the Canahuire zone was a blind target with a strong geophysical response. Economic mineralization in the Canahuire zone does not outcrop at surface and follows a recessive area. The geophysical anomaly on Ichuña has similar characteristics to the Canahuire zone.

Duran optioned the property to a third party in 2013 and limited work was undertaken, which included seven diamond drill holes totaling 2,754 metres. Drilling focused only along intrusive and limestone contact(s) where access and community agreements were in place. The drilling did not return significant results along this contact. More importantly, the IP target was not tested adequately as only one hole collared at the most south western tip was completed. A program of more detailed geophysics and diamond drilling is planned to test this extremely interesting target.

The agreement will permit Tartisan to acquire a 100% undivided interest in the Project by paying a total $50,000 and issuing 500,000 common shares by May 17, 2017. Upon completion of 5,000 metres of drilling and/or underground development, a further 150,000 shares are payable, and if a National Instrument 43-101-compliant resource is published, a further 150,000 shares are payable, and if the Company loses control of the project either by sale or joint venture, a further 200,000 shares are payable to Duran. Duran will retain a 2%NSR, of which half (1%) can be purchased by Tartisan for US$500,000.

Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Currently, there are 63,287,629 shares outstanding (82,759,982 fully diluted).

For further information on Tartisan, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 (mark@tartisanresources.com). Additional information about Tartisan can be found at the Company’s website at www.tartisanresources.com or on SEDAR at www.sedar.com. For further information on Duran, please contact Jeff Reeder at 647-302-3290 (info@duranventuresinc.com) or www.duranventuresinc.com

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Neither the TSXV, CSE/CNSX nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release)

Jeff Reeder P.Geo. a qualified person in the context of NI 43-101 has reviewed and approved the technical content of this News Release.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Tartisan03162017.pdf

Source: Tartisan Resources Corp. (CSE:TTC)

Tartisan Announces Signing of a LOI for the Purchase of the Don Pancho Zinc-Lead-Silver Property in Peru $TTC.ca

Posted by AGORACOM-JC at 8:03 AM on Wednesday, February 22nd, 2017

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  • letter of intent with Duran Ventures Inc. (V-DRV) for the purchase of the Don Pancho zinc-lead-silver property in Peru
  • Agreement with Duran to acquire 100% of the Don Pancho polymetallic zinc-lead-silver project located in the Department of Lima Peru, 110 kilometers north-northeast of Lima, comprising one concession of 600 hectares

Toronto, Ontario (FSCwire)Tartisan Resources Corp. (CSE: TTC) (“Tartisan”, or the “Company”) is pleased to announce the signing of a letter of intent with Duran Ventures Inc. (V-DRV) ( “Duran”) for the purchase of the Don Pancho zinc-lead-silver property in Peru.

Letter of Intent

Tartisan Resources Corp. has entered into an agreement with Duran to acquire 100% of the Don Pancho polymetallic zinc-lead-silver project located in the Department of Lima Peru, 110 kilometers north-northeast of Lima, comprising one concession of 600 hectares and is the subject of a NI 43-101 compliant Report prepared in December 2014 available for viewing on SEDAR.

The project is located in a prolific polymetallic mineral belt in central Peru with several operating mines in the area including the world class Iscaycruz and Yauliyacu polymetallic mines operated by Glencore-Xtrata Plc located 50 kilometers to the north-northwest. Trevali Mining Corporation’s Santander silver-lead- zinc mine is located 9 kilometers to the east and Buenaventura’s silver-lead-zinc Uchucchacua mine is located 63 kilometers to the north, (10 million ounces of silver produced in 2011). Infrastructure is considered excellent with ready access and a power line crossing the property en route to the Santander mine.

Don Pancho Project

Previous exploration on the property included an extensive surface mapping and sampling program, geophysics and a 2000 metre diamond drilling program of 6 holes conducted by a private Peruvian company.

Mapping and sampling shows an extensive NNW-SSE trending breccia zone measuring over 800 metres in length and 150 to 200 metres in width. There are numerous old workings and underground drifts located within this zone. The 2014 diamond drilling program shows large intersections of polymetallic mineralization, including 40 metres of 0.88% Zn, 0.40% Pb and 7.7 g/t Ag, 22.65 metres of 1.00% Zn, 0.26% Pb and 6.85 g/t Ag and 1.15 metres of 4.38% Zn, 3.25% Pb and 61.1 g/t Ag, (see Duran’s Press Release September 2, 2014). Surface sampling from the previous operator has revealed very interesting values, including 13.9 metres of 28.1 g/t Ag, 2.43% Pb, and 2.42% Zn, 2.8 metres of 28.1g/t Ag, 1.06% Pb, and 9.07% Zn and 13 metres of 8.38g/t Ag, 0.39% Pb, and 2.22% Zn. Sampling of underground workings in Yanapallaca area before the previous operators retuned 106 g/t Ag, 3.26% Pb and 17.56% Zn over 2.00 metres. (see 43-101 Technical Report on Don Pancho filed December 30th, 2014 on Sedar). Please note that the true width of the mineralization both on the surface and underground workings cannot yet be determined as the controls of the mineralization is yet to be fully understood.

A program of geophysics, diamond drilling and underground drifting is envisioned. Structural analysis on the geology suggests previous drilling did not properly test the potential of the property.

The Agreement will permit Tartisan to acquire a 100% undivided interest in the property by paying $50,000 and issuing 500,000 common shares by March 31, 2017. Upon completion of 5,000 metres of drilling and/or underground development a further 150,000 shares are payable and if a NI 43-101 compliant resource is published, a further 150,000 shares are payable and if the Company loses control of the project either by sale or joint-venture, a further 200,000 shares are payable. Duran will retain a 2% net smelter return royalty, of which half (1%) can be purchased by Tartisan for US$500,000.

Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Currently, there are 63,287,629 shares outstanding (82,759,982 fully diluted).

For further information on Tartisan, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 (mark@tartisanresources.com). Additional information about Tartisan can be found at the Company’s website at www.tartisanresources.com or on SEDAR at www.sedar.com. For further information on Duran, please contact Jeff Reeder at 647-302-3290 (info@duranventuresinc.com) or www.duranventuresinc.com

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

Jeff Reeder P.Geo. a qualified person in the context of NI 43-101 has reviewed and approved the technical content of this News Release
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Tartisan02222017.pdf

Source: Tartisan Resources Corp. (CSE:TTC)

Tartisan Resources Corp. Announces Closing of the Private Placement for Proceeds of $100,000 $TTC.ca

Posted by AGORACOM-JC at 1:45 PM on Thursday, February 2nd, 2017

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  • Announced the closing of the second tranche of the previously announced Private Placement. The proceeds from today’s closing amount to $100,000

Not for distribution to U.S. news wire services or dissemination in the U.S.

Toronto, Ontario – Tartisan Resources Corp. (CSE: TTC) (“Tartisan”, or the “Company”) is pleased to announce the closing of the second tranche of the previously announced Private Placement. The proceeds from today’s closing amount to $100,000.

Private Placement

Tartisan Resources Corp. has raised a further $CDN 100,000 via non-brokered private-placement at CDN $0.05 cents per unit with a full warrant at CDN $0.10 cents, expiring 24 months from date of closing of this offering. This completes the previously announced offering for a total raise of CDN $200,000.

The net proceeds from this offering will be used for general working capital purposes and to acquire interests in available properties and projects in Peru and Ontario.

The Company has entered into several Confidentiality Agreements regarding potential Peruvian precious metal properties. It is actively evaluating the potential of these properties as well as a base metal property in Ontario.

Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Currently, there are 63,169,982 shares outstanding (82,759,982 fully diluted).

For further information, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 (mark@tartisanresources.com). Additional information about Tartisan can be found at the Company’s website at www.tartisanresources.com or on SEDAR at www.sedar.com.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release)

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Tartisan02022017.pdf

Eloro Resources Completes Acquisition of a 100% Interest in the La Victoria Gold/Silver Property $TTV.ca

Posted by AGORACOM-JC at 9:32 AM on Tuesday, December 6th, 2016

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  • Announced the completion of the previously announced acquisition of a 100% interest in the La Victoria Gold/Silver Property (“La Victoria” or the “Property”) by Eloro from Tartisan
  • Eloro’s 100% interest in La Victoria is held by its wholly-owned Peruvian-based subsidiary, Compañia Minera Eloro Peru S.A.C., following the registration of title by the proper authorities in Peru.

Toronto, Ontario  – Eloro Resources Ltd. (TSX-V: ELO; FSE: P2Q) (“Eloro”) and Tartisan Resources Corp. (CSE:TTC) (“Tartisan”) are pleased to announce the completion of the previously announced acquisition of a 100% interest in the La Victoria Gold/Silver Property (“La Victoria” or the “Property”) by Eloro from Tartisan, following release from escrow today. Eloro’s 100% interest in La Victoria is held by its wholly-owned Peruvian-based subsidiary, Compañia Minera Eloro Peru S.A.C., following the registration of title by the proper authorities in Peru.

The acquisition was paid for by Eloro issuing Tartisan 6,000,000 common shares and 3,000,000 common share purchase warrants with limited transferability, and paying Tartisan C$250,000, less adjustments as specified in the La Victoria Purchase and Sale Agreement (the “Agreement”). Eloro owes one further payment of C$100,000, payable or on before July 17, 2017, at which time the San Markito mineral concession will be transferred by Tartisan to Eloro. Pursuant to the terms of the acquisition Eloro granted Tartisan a 2% royalty interest (the “Royalty”) on the Property, half of which can be repurchased by Eloro for C$3 million to reduce the Royalty to 1%.

All securities issued by Eloro pursuant to the Agreement are subject to a statutory 4-month hold period and are subject to a lock-up agreement whereby Tartisan will be restricted from transferring securities of Eloro for a period of 18 months following October 17, 2016, and with limited transferability for a period of four and one half years, all as detailed in the August 5, 2016 and October 17, 2016 new releases.

About Eloro Resources Ltd.
Eloro is an exploration and mine development company which recently acquired a 100% undivided interest in the La Victoria property, located in the prolific North-Central Mineral Belt of Peru. The La Victoria Property covers 45 square kilometres and is within 50 kilometres of several large low-cost producing gold mines, with three producers visible from the Property. Infrastructure in the area is good with access to road, water and electricity and is located at an altitude that ranges from 3,100 m to 4,200 m above sea level. Eloro also holds a portfolio of gold and base-metal properties in northern and western Quebec.

About Tartisan Resources Corp.
Tartisan is a Canadian exploration and development company focused on mineral exploration and development of precious and base metals properties in Canada and Peru.

For further information please contact: Thomas G. Larsen, President and CEO of Eloro or Jorge Estepa, Vice-President of Eloro at (416) 868-9168 or Mark Appleby, CEO of Tartisan Resources at (416) 804-0280.
Information in this news release may contain forward-looking information. Statements containing forward-looking information express, as at the date of this news release, the Corporation’s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Corporation. There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.
Neither the TSXV, CSE nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

 

Tartisan Resources Corp. Announces Closing of the First Tranche of the Private Placement for Proceeds of $100,000 $TTC.ca

Posted by AGORACOM-JC at 10:40 AM on Wednesday, November 23rd, 2016

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  • Announced the closing of the first tranche of the Private Placement announced yesterday  
  • The proceeds from today’s closing amount to $100,000.

Toronto, Ontario (FSCwire) – Tartisan Resources Corp. (CSE: TTC) (“Tartisan”, or the “Company”) is pleased to announce the closing of the first tranche of the Private Placement announced yesterday . The proceeds from today’s closing amount to $100,000.

Private Placement

Tartisan Resources Corp. has raised  $CDN 100,000 via non-brokered private-placement at CDN $0.05 cents per unit with a full warrant at CDN $0.10 cents, expiring 24 months from date of closing of this offering.

The net proceeds from this offering will be used for general working capital purposes and to acquire interests in available properties and projects in Peru and Ontario.

Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Currently, there are 61,169,982 shares outstanding (78,759,982 fully diluted).

For further information, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 (mark@tartisanresources.com). Additional information about Tartisan can be found at the Company’s website at www.tartisanresources.com or on SEDAR at www.sedar.com.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release)

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Tartisan11232016.pdf

Tartisan Resources Corp. Seeks to Raise Additional Capital Via Private Placement $TTC.ca

Posted by AGORACOM-JC at 2:24 PM on Monday, November 21st, 2016

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  • Seeking to raise up to $CDN 200,000 via non-brokered private-placement
  • Company intends to issue up to 4 million units at CDN $0.05 cents per unit with a full warrant at CDN $0.10 cents, expiring 24 months from date of closing of this offering.

Toronto, Ontario (FSCwire)  Tartisan Resources Corp. (CSE: TTC) (“Tartisan”, or the “Company”) is pleased to announce a proposed Private Placement.

Private Placement

Tartisan Resources Corp. is seeking to raise up to $CDN 200,000 via non-brokered private-placement. The Company intends to issue up to 4 million units at CDN $0.05 cents per unit with a full warrant at CDN $0.10 cents, expiring 24 months from date of closing of this offering.

A finder’s fee equal to a cash commission of 8% of the aggregate gross proceeds from the units sold, plus finder’s warrants equal to 8% of the aggregate number of units sold will compensate qualified finders appointed by the Company to source subscriptions.

The net proceeds from this offering will be used for working capital purposes and to acquire interests in available properties and projects in Peru and Ontario.

Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Currently, there are 59,169,982 shares outstanding (74,759,982 fully diluted).

For further information, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 (mark@tartisanresources.com), Mr. Luc Pigeon B.Sc., M.Sc., P.Geo. is the Company’s QP and serves as the GM of Minera Tartisan. Mr. Pigeon can be contacted at +51986651325 (tartisan.gm@gmail.com). Additional information about Tartisan can be found at the Company’s website at www.tartisanresources.com or on SEDAR at www.sedar.com.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Tartisan11212016.pdf

Source: Tartisan Resources Corp. (CSE:TTC)

Eloro Resources’ Acquisition of a 100% Interest in the La Victoria Gold/Silver Property Closes in Escrow $TTC.ca

Posted by AGORACOM-JC at 11:00 AM on Monday, October 17th, 2016

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  • Eloro has closed the acquisition of a 100% interest in the La Victoria Gold/Silver Property  in escrow, pending recording and registration of all applicable transfers with the proper authorities in Peru

Toronto, Ontario – Eloro Resources Ltd. (TSX-V: ELO; FSE: P2Q) (“Eloro”) and Tartisan Resources Corp. (CSE:TTC) (“Tartisan”) are pleased to announce that, in accordance with the terms of the previously announced purchase and sale agreement (the “Agreement”), Eloro has closed the acquisition of a 100% interest in the La Victoria Gold/Silver Property (“La Victoria” or the “Property”) in escrow, pending recording and registration of all applicable transfers with the proper authorities in Peru.

Under the terms of the Agreement (see news release dated August 5, 2016), Eloro has issued Tartisan 6,000,000 common shares and 3,000,000 common share purchase warrants with limited transferability, and paid Tartisan C$250,000 (less adjustments as specified in the Agreement). Eloro owes one further payment of C$100,000, payable or on before July 17, 2017. The share certificates, warrants, funds, promissory note and other closing documents have been delivered into escrow and will be released from escrow forthwith after satisfactory completion of the recording and registration of: i) all transfers of the property interests, with the exception of the San Markito mineral concession, which will be transferred at such time that Eloro makes the final C$100,000 payment, and ii) the receipt of the Declaración de Impacto Ambiental (“DIA”) project environmental permit for the Property, to be approved by the Peruvian Ministry of the Environment.

Pursuant to the terms of the acquisition Eloro granted Tartisan a 2% royalty interest (the “Royalty”) on the Property, half of which can be repurchased by Eloro for C$3 million to reduce the Royalty to 1%.

All securities issued by Eloro pursuant to the Agreement are subject to a statutory 4-month hold period and are subject to a lock-up agreement whereby Tartisan will be restricted from transferring securities of Eloro for a period of 18 months following the closing date, and with limited transferability for a period of four and one half years, all as detailed in the August 5, 2016 new release.

About Tartisan Resources Corp.

Tartisan is a Canadian exploration and development company focused on mineral exploration and development of precious and base metals properties in Canada and Peru.

About Eloro Resources Ltd.

Eloro is an exploration and mine development company which recently acquired a 100% undivided interest in the La Victoria property, located in the prolific North-Central Mineral Belt of Peru. The La Victoria Property consists of properties totalling eight mining concessions encompassing approximately 35.9 square kilometres together with 3 mineral claims totalling 15 square kilometers. The Property is within 50 kilometres of several producing gold mines, with three producers visible from the property. Infrastructure in the area is good with access to road, water and electricity and is located at an altitude that ranges from 3,100 m to 4,200 m above sea level. Eloro also holds a portfolio of gold and base-metal properties in northern and western Quebec.

For further information please contact: Thomas G. Larsen, President and CEO of Eloro or Jorge Estepa, Vice-President of Eloro at (416) 868-9168 or Mark Appleby, CEO of Tartisan Resources at (416) 804-0280.

Information in this news release may contain forward-looking information. Statements containing forward-looking information express, as at the date of this news release, the Corporation’s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Corporation. There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.

Neither the TSXV, CSE nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Eloro Resources Receives TSX Venture Exchange Approval to Acquire a 100% Interest in Tartisan’s La Victoria Gold/Silver Property, Ancash, Peru $TTC.ca $ELO.ca

Posted by AGORACOM-JC at 4:50 PM on Wednesday, September 14th, 2016

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  • TSX Venture Exchange has accepted Eloro’s filing in connection with the acquisition of 100% of the La Victoria Gold/Silver Property
  • Eloro and Tartisan are now moving towards closing the transaction on an expeditious basis.

Toronto, Ontario – Eloro Resources Ltd. (TSX-V: ELO; FSE: P2Q) (“Eloro”) and Tartisan Resources Corp. (CSE:TTC) (“Tartisan”) are pleased to announce that the TSX Venture Exchange has accepted Eloro’s filing in connection with the acquisition of 100% of the La Victoria Gold/Silver Property (“La Victoria” or the “Property”) in Huandoval District, Pallasca Province, Ancash Department, Peru.

Having satisfied all of the terms precedent to the acquisition, including the filing of a National Instrument 43-101 Technical Report on the Property and the receipt of majority Eloro shareholder approval for the acquisition, Eloro and Tartisan are now moving towards closing the transaction on an expeditious basis.

Pursuant to the terms of the acquisition (see News Release dated August 5, 2016) and as consideration for the Property, Eloro has agreed to: i) issue Tartisan 6 million common shares and 3,000,000 warrants with limited transferability, ii) make staged cash payments totalling C$350,000, and iii) grant Tartisan a 2% royalty interest (the “Royalty”), half of which can be repurchased by Eloro for C$3 million to reduce the Royalty to 1%.

About Eloro Resources Ltd.
Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in northern Peru and western Quebec. Eloro recently announced its proposed acquisition of a 100% undivided interest in the La Victoria property, located in the prolific North-Central Mineral Belt of Peru. The La Victoria Property consists of properties totalling eight mining concessions encompassing approximately 35.9 square kilometres together with 3 mineral claims totalling 15 square kilometers. The Property is within 50 kilometres of several producing gold mines, with three producers visible from the property. Infrastructure in the area is good with access to road, water and electricity and is located at an altitude that ranges from 3,100 m to 4,200 m above sea level.

About Tartisan Resources Corp.

Tartisan is a mineral exploration and development company based in Toronto, Canada with an emphasis on properties in Peru. The company owns the La Victoria property located in the northern Ancash Department, Peru. La Victoria property is located within 50 km of several producing mines including: La Arena owned by Tahoe Resources, Lagunas Norte (Alto Chicama) owned by Barrick Gold Corporation (TSX:ABX) and Santa Rosa owned by Compañia Minera Aurífera Santa Rosa (COMARSA).

For further information please contact: Thomas G. Larsen, President and CEO of Eloro or Jorge Estepa, Vice-President of Eloro at (416) 868-9168 or Mark Appleby, CEO of Tartisan Resources at (416) 804-0280.
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