Posted by AGORACOM-Eric
at 10:47 AM on Thursday, May 2nd, 2019
Drilling occurred in northwest region of the property, 1.5 km NW of the historic Keymet Mine.
Ky-18-14: 7.89% zinc equivalent over 34.3 meters (From 46.20 m to 80.50 m)
Elmtree 12 vein: System traced to approximately 145 meters depth, open at depth
Elmtree 12 vein: Strike length of approximately 110 meters and open along strike
The Company’s focus since acquiring the Keymet Property is the area of
reported polymetallic veins with most work in the area of the Elmtree 12
copper-lead-zinc-silver bearing vein system.
At
least seven vein occurrences with lead, zinc and +/- copper, silver and
gold are reported in this region of the property in addition to the
polymetallic veins reported at the historic Keymet Mine
Posted by AGORACOM-Eric
at 8:15 AM on Monday, April 1st, 2019
Drilling occurred in northwest region of the property, 1.5 km NW of the historic Keymet Mine.
Ky-18-14: 7.89% zinc equivalent over 34.3 meters (From 46.20 m to 80.50 m)
Elmtree 12 vein: System traced to approximately 145 meters depth, open at depth
Elmtree 12 vein: Strike length of approximately 110 meters and open along strike
The Company’s focus since acquiring the Keymet Property is the area of
reported polymetallic veins with most work in the area of the Elmtree 12
copper-lead-zinc-silver bearing vein system.
At
least seven vein occurrences with lead, zinc and +/- copper, silver and
gold are reported in this region of the property in addition to the
polymetallic veins reported at the historic Keymet Mine
FULL DISCLOSURE: Great Atlantic is an advertising client of AGORA Internet Relations Corp
Posted by AGORACOM-Eric
at 10:59 AM on Tuesday, February 19th, 2019
Drilling occurred in northwest region of the property, 1.5 km NW of the historic Keymet Mine.
Ky-18-14: 7.89% zinc equivalent over 34.3 meters (From 46.20 m to 80.50 m)
Elmtree 12 vein: System traced to approximately 145 meters depth, open at depth
Elmtree 12 vein: Strike length of approximately 110 meters and open along strike
The Company’s focus since acquiring the Keymet Property is the area of reported polymetallic veins with most work in the area of the Elmtree 12 copper-lead-zinc-silver bearing vein system.
At least seven vein occurrences with lead, zinc and +/- copper, silver and gold are reported in this region of the property in addition to the polymetallic veins reported at the historic Keymet Mine
FULL DISCLOSURE: Great Atlantic is an advertising client of AGORA Internet Relations Corp
Posted by AGORACOM-Eric
at 9:18 AM on Friday, January 18th, 2019
Drill results for holes 10 – 22 completed during 2018 exploration
Drilling conducted 1.5 km northwest of the historic Keymet Mine
Ky-18-14: 7.89% zinc equivalent over 34.3 m
GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has received drill core analytical results for 13 holes (Ky-18-10 to Ky-18-22) completed during the 2018 diamond drilling program at its Keymet Base Metal – Precious Metal Property, located near Bathurst, northeast New Brunswick. The program was conducted in the northwest region of the property approximately 1.5 km northwest of the historic Keymet Mine. Highlights include (core length):
Ky-18-14: 7.89% zinc equivalent over 34.3 meters (From 46.20 m to 80.50 m)
Ky-18-10: 10.91% zinc equivalent over 3.27 meters (From 85.03m to 88.30 m)
Elmtree 12 vein: System traced to approximately 145 meters depth, open at depth
Elmtree 12 vein: Strike length of approximately 110 meters and open along strike
Vein with semi-massive sulfides in Drill Hole Ky-18-14 at Elmtree 12 Vein System
The
2018 drilling program (13 holes totalling 1,484 meters) was conducted
in the northwest region of the Keymet property. Eleven drill holes
(Ky-18-10 to Ky-18-18, Ky-18-21 and Ky-18-22) tested the Elmtree 12 vein
system as in-fill drilling and along strike with some holes testing
deeper than previous drilling. Company management speculate the Elmtree
12 vein system to be striking approximately north-south and
sub-vertical. Great Atlantic had previously drilled six holes in the
Elmtree 12 vein system during 2015 and 2017, intersecting zinc, copper,
lead and silver bearing polymetallic veins (News Releases of February
23, 2016, December 20, 2017 and March 2, 2018). Two drill holes
(Ky-18-19 and Ky-18-20) tested the continuation of another base metal
and silver bearing vein southwest of the Elmtree 12 vein system. This
vein was discovered during 2017 drilling (Ky-17-8: 18.8% Zn, 3.5% Cu and
576 g/t Ag over 1.27 meters core length – News Release of March 2,
2018).
Sulfide Bearing Veins in Drill Hole Ky-18-14 at Elmtree 12 Vein System
Intersections
from 2015, 2017 and 2018 diamond drilling programs in the area of the
Elmtree 12 vein system include the following (core length):
Hole ID
From (m)
To (m)
Length (m)
Zn Equiv. (%)
Zn (%)
Cu (%)
Pb (%)
Ag (g/t)
Au (g/t)
2015 Diamond Drill Holes:
Ky-15-3
30.10
32.20
2.10
3.28
Ky-15-3
60.80
62.60
1.80
22.77
16.68
1.11
0.44
152
Ky-15-4
90.07
94.35
4.28
10.44
8.68
0.29
0.2
44.8
2017 Diamond Drill Holes:
Ky-17-5
81.00
81.80
0.80
20.24
13.65
1.20
0.45
166
Ky-17-6
119.45
131.50
12.05
8.31
3.54
0.92
0.28
115.6
Ky-17-6
incl. 119.45
124.40
4.95
16.05
7.67
1.57
0.48
209.3
Ky-17-6
148.80
149.75
0.95
4.9
Ky-17-6
164
183.96
19.96
0.64
Ky-17-8
31.00
32.27
1.27
39.90
18.8
3.55
1.16
576
Ky-17-9
45.75
47.13
1.38
6.29
4.29
0.29
0.23
55.4
2018 Diamond Drill Holes:
Ky-18-10
85.03
88.30
3.27
10.91
7.91
0.53
0.21
77.2
Ky-18-10
incl. 85.74
86.74
1.00
25.59
16.80
1.60
0.55
223
Ky-18-11
108.70
109.40
0.70
4.95
3.89
0.11
0.14
33.9
Ky-18-12
78.82
84.55
5.73
7.88
4.07
1.19
0.23
39.2
Ky-18-12
incl. 78.82
79.64
0.82
14.03
10.90
1.07
0.09
24.8
Ky-18-12
incl. 83.35
84.55
1.20
21.65
8.90
3.81
0.60
157
Ky-18-13
80.00
81.00
1.00
1.76
Ky-18-14
46.20
80.50
34.30
7.89
3.29
0.88
0.26
112.6
Ky-18-14
incl. 46.20
49.20
3.00
56.23
9.04
9.19
2.16
1158
Ky-18-14
incl. 62.48
63.00
0.52
18.49
15.45
0.96
0.13
32
Ky-18-14
incl. 67.00
67.60
0.60
13.59
13.05
0.09
0.05
14
Ky-18-14
incl. 76.00
80.50
4.50
14.27
12.08
0.31
0.30
59.8
Ky-18-16
77.20
77.72
0.52
33.48
4.47
7.85
0.72
478
Ky-18-17
10.43
11.00
0.57
11.72
6.37
0.10
6.08
14.5
Ky-18-17
67.00
67.50
0.50
7.23
6.05
0.21
0.15
27.5
Ky-18-18
72.50
73.50
1.00
2.74
2.04
0.09
0.11
19.6
Ky-18-19
13.02
13.72
0.70
1.05
Ky-18-20
32.00
32.28
0.28
10.75
2.39
1.82
0.87
164
Ky-18-21
145.50
147.00
1.50
8.26
2.31
0.89
0.81
156.6
Zinc
equivalent (% Zn Equiv.) values for drill hole intersections are based
on the following metal prices (as of January 16, 2019): Zinc US$2,467 /
tonne (US$1.119 / lb.), Lead US$1,953 / tonne (US$0.886 / lb.), Copper
US$5,881 / tonne (US$2.668 / lb.) and Silver US$15.605 per troy ounce.
Metal recoveries of 100% were applied in the zinc equivalent
calculations. The zinc equivalent calculation is as follows: Zn Equiv. =
100 x ((Ag Price in grams x Ag Grade) + (Pb Price x 2204.6 x Pb Grade
(%) / 100) + (Cu Price x 2204.6 x Cu Grade (%) / 100) + (Zn Price x
2204.6 x Zn Grade (%) / 100)) / Zn Price x 2204.6.
Drill holes
Ky-18-10 to Ky-18-13 were in-fill holes drilled east to slightly
southeast at 45 to 57 degree dips. Drill holes Ky-18-14, Ky-18-21 and
Ky-18-22 were collared closer to the vein system and at steeper dips
(78-83 degrees) to intersect the vein system at a shallower angle to
test continuity of mineralization along dip, locate possible ore shoots
and gain a structural understanding of the vein’s vertical and
horizontal orientations / extensions for targeted follow-up drilling.
Hole Ky-18-21, drilled under Ky-18-14, tested the zone deeper. The
mineralized intersection at 145.5-147 meters in this hole is the deepest
intersection by the Company in the Elmtree 12 vein system and indicates
the system is open at depth at this location. This interval also
returned anomalous values for cobalt, including 0.07% Co over 1.0 meter
core length.
The meta-sediments in the lower half of Ky-18-22 are intruded my mafic dykes, possibly cutting the vein system.
Drill
holes Ky-18-15 and Ky-18-16 tested the extension of the Elmtree 12 vein
system to the north. Ky-18-15 was drilled slightly northwest
(approximate 55 degree dip). Ky-18-16 was drilled slightly southwest
(approximate 73 degree dip). The metal rich intersection in Ky-18-16
indicates the mineralized system is open to the north at slightly deeper
levels.
Drill holes Ky-18-17 and Ky-18-18 tested the Elmtree 12
vein system south of previous Company drilling. Mineralized veins and /
or alteration was intersected in both holes, indicating the mineralized
system to be open to the south.
Drill holes Ky-18-19 and Ky-18-20
were located southwest of the known extent of the Elmtree 12 vein
system. These holes tested the extension of the high grade vein
intersected in 2017 hole Ky-17-8. Ky-18-19 was drilled slightly
northwest at an approximate 66 degree dip to intersect the vein deeper.
Hole Ky-18-19 did not confirm the down-dip extension of the mineralized
vein. Hole Ky-18-20 was drilled southwest at an approximate 55 degree
dip. This hole intersected a near-surface narrow copper, lead, zinc and
silver bearing zone (approximate 26 meters vertical depth) approximately
10 meters south of the high grade vein intersection of hole Ky-17-8.
Drill
core from the 2018 program was geologically logged and sampled at a
secure location in Miramichi, New Brunswick. Drill core samples were
submitted to ALS Canada for gold analysis (Fire Assay-AA) and for 33
element analysis (including copper, lead, zinc and silver) by Four Acid
and ICP-AES. Samples exceeding 1,500 g/t silver were re-analyzed for
silver by Fire Assay-Gravimetric Finish. Quality Control samples were
included as part of the sample submission. A Qualified Person verified
the 2015, 2017 and 2018 exploration data for Great Atlantic. The
Qualified Person managed these exploration programs at the Keymet
Property.
Historic Keymet Mine (1950s)
The
Company’s focus since acquiring the Keymet Property has been the
northwest region of the property in the area of reported polymetallic
veins with most work in the area of the Elmtree 12
copper-lead-zinc-silver bearing vein system. At least seven vein
occurrences with lead, zinc and +/- copper, silver and gold are reported
in this region of the property in addition to the polymetallic veins
reported at the historic Keymet Mine (source: New Brunswick Dept. of
Energy and Resource Development Mineral Occurrence Database). The Keymet
Mine operated during the mid-1950s, producing copper, lead, zinc and
silver. Production at this mine was terminated due to a fire at the
site.
Significant
precious metal – base metal deposits are reported within 4 km of the
Keymet Property. The Elmtree gold deposits are located within 3 km
west-southwest of the Keymet Property. The historic Nigadoo River Mine
is located approximately 4 km south of the Keymet Property. Polymetallic
massive sulfide veins were mined at the Nigadoo River Mine during the
1960s and 1970s with copper, lead, zinc and silver being produced. The
N.B Dept. of Energy and Resource Development Mineral Occurrence Database
reports shaft depth and production totals at this historic mine.
Production during 1967-1971 is reported as 1.126 million tonnes at 2.2%
Pb, 2.1% Zn, 0.24% Cu and 92.57 g/t Ag. Production during 1973-1977
(after a 2 year closure) is reported to be 0.733 million tonnes (only
partial metal grades reported). The shaft is reported to at least 470
meter deep.
The Nash Creek Zinc Project of Callinex Mines Inc. is
located approximately 15 kilometers northwest of the Keymet Property.
Callinex Mines Inc. recently filed a 43-101 Technical Report (effective
date March 21, 2018) which was completed by Tetra Tech Canada Inc. The
report includes updated mineral resource estimates for the Nash Creek
Zinc Project (Hickey and Hayes Zones) using a 1.5% Zn Equiv. cut-off.
This included 13,592,000 tonnes indicated estimated resources at 2.68%
Zn, 0.58% Pb and 17.8 g/t Ag; and 5,929,000 tonnes inferred estimated
resources at 2.68% Zn, 0.47% Pb and 13.9 g/t Ag (source: Callinex Mines
Inc. Website).
Readers are warned that mineralization at the
Elmtree gold deposits, historic Nigadoo River Mine and Nash Creek Zinc
Project is not necessarily indicative of mineralization on the Keymet
Property.
Access to the Keymet Property is excellent with paved
roads transecting the property, including a provincial highway. The
property covers an area of approximately 3,400 hectares and is 100%
owned by the Company.
Readers are warned that historical records
referred to in this News Release have been examined but not verified by a
Qualified Person. Further work is required to verify that historical
records referred to in this News Release are accurate.
David
Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP
Exploration for Great Atlantic, is responsible for the technical
information contained in this News Release.
On Behalf of the board of directors
“Christopher R Anderson“
Mr. Christopher R Anderson ” Always be positive, strive for solutions, and never give up “ President CEO Director 604-488-3900 – Dir
About Great Atlantic Resources Corp.: Great
Atlantic Resources Corp. is a Canadian exploration company focused on
the discovery and development of mineral assets in the resource-rich and
sovereign risk-free realm of Atlantic Canada, one of the number one
mining regions of the world. Great Atlantic is currently surging forward
building the company utilizing a Project Generation model, with a
special focus on the most critical elements on the planet that are
prominent in Atlantic Canada, Antimony, Tungsten and Gold.
While it’s pulled back a bit since New Year, the price of copper ended 2017 near a four-year high of $3.30 a pound ($7,260 per tonne)
Extending the bull run in the red metal for a second year
Measured from its multi-year lows struck at the beginning of 2016, copper has gained more than 70% in value
Zinc ingots shown (Image: Glencore)
The rally for zinc has been even more spectacular with the metal, mainly used to galvanize steel, ending 2017 at a decade high of $3,330 a tonne. Zinc has more than doubled in value after a slump that ended around the same time copper hit bottom two years ago.
Reuters quotes investment bank Goldman Sachs as saying zinc demand looks rosy for the first half of the year while the New York-based firm prefers copper over aluminum over the longer term:
“Concern about a sharp slowdown in metals demand as the country adopts a new ‘quality over quantity’ growth model may be overblown”
“Concern about a sharp slowdown in metals demand as the country adopts a new ‘quality over quantity’ growth model may be overblown,” it said, adding that metal producers outside China are set to gain.
“Ongoing supply-side reforms and environmental cuts in China translate into higher commodity prices and less Chinese production, both of which benefit ex-China producers.”
Shipments of copper concentrate to China hit a monthly record of 1.78m tonnes in November and the tally for the year should beat last year’s record 17m tonnes.
Refined copper imports are trending down with recently released data showing cargoes are down some 5% over the first 11 months of 2017 to 4.24m tonnes compared to the same period in 2016. Full year imports in 2016 hit a record 4.94m tonnes.
Zinc is benefitting from historically tight supply with inventories in LME-approved warehouses down 70& since September 2015 to just under 181,000 tonnes. Stocks in warehouses monitored by the Shanghai Futures Exchange at 68,630 tonnes are down 65 percent since March last year according to Reuters:
“Demand growth is decent, but not spectacular from a historical perspective, which tells me this is once again a supply side issue,†said Bernstein analyst Paul Gait.
“Years of under-investment have caught up. We could see a further price acceleration in the short term, but current levels should generate sufficient capital inflows to generate new supply to meet demand.â€
Chinese zinc imports jumped to above 573,000 tonnes in the first 11 months of last year, up 43% from the same period of the previous year.
Posted by AGORACOM-JC
at 4:26 PM on Thursday, November 9th, 2017
Tartisan will acquire all of the issued and outstanding common shares of Canadian Arrow Mines Limited by way of a court-approved plan of arrangement
Tartisan would issue to Canadian Arrow Mines Limited shareholders one common share of Tartisan for every 17.5 common shares of Canadian Arrow
Other Investment Highlights
100% stake in the Don Pancho Zn-Pb-Ag project located in the Central Peru Polymetallic Belt with US$1.5M spent including 2,020m of diamond drilling and untested targets
20% equity interest in Eloro Resources Ltd. which owns a 100% stake in the drill ready La Victoria Au-Ag project located in a gold belt that includes Pierina and Lagunas Norte
100% stake in the Ichuña Cu-Ag Project located in a reemerging mining camp with exploration upside on an untested geophysical anomaly
Properties well located in an established mining country with high geological potential (only 1.34% of the country registers mining activity)
Posted by AGORACOM-JC
at 11:08 AM on Tuesday, November 7th, 2017
Recently completed the acquisition of the Ichuña Copper-Silver property located in the Department of Moquegua in Southern Peru as well as Don Pancho Polymetallic Property in Huaral, Peru
Tartisan will acquire all of the issued and outstanding common shares of Canadian Arrow Mines Limited by way of a court-approved plan of arrangement
Tartisan would issue to Canadian Arrow Mines Limited shareholders one common share of Tartisan for every 17.5 common shares of Canadian Arrow, resulting in the issuance of approximately 8,000,000 common shares of Tartisan
Investment Highlights
100% stake in the Don Pancho Zn-Pb-Ag project located in the Central Peru Polymetallic Belt with US$1.5M spent including 2,020m of diamond drilling and untested targets
20% equity interest in Eloro Resources Ltd. which owns a 100% stake in the drill ready La Victoria Au-Ag project located in a gold belt that includes Pierina and Lagunas Norte
100% stake in the Ichuña Cu-Ag Project located in a reemerging mining camp with exploration upside on an untested geophysical anomaly
Properties well located in an established mining country with high geological potential (only 1.34% of the country registers mining activity)
Posted by AGORACOM-JC
at 9:00 AM on Friday, May 12th, 2017
Raised $CDN 334,000 via a non-brokered private-placement of 2,226,668 units at CDN $0.15 cents per unit with a full warrant at CDN $0.20 cents, expiring eighteen months from date of closing of this offering
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
Toronto, Ontario – Tartisan Resources Corp. (CSE: TTC) (“Tartisanâ€, or the “Companyâ€) is pleased to announce the closing of a Private Placement of 2,226,668 units at 15 cents per unit.
Private Placement
Tartisan Resources Corp. has raised $CDN 334,000 via a non-brokered private-placement of 2,226,668 units at CDN $0.15 cents per unit with a full warrant at CDN $0.20 cents, expiring eighteen 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, in particular to initiate a work program on the 100% owned Don Pancho polymetallic zinc-lead-silver-manganese project located 105 kilometers north-northeast of Lima in the Province of Huaral, Department of Lima, Peru and to complete the acquisition of a 100% interest in the Ichuna copper-silver property in South Peru.
Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Currently, there are 72,362,443 shares outstanding (88,405,827 fully diluted).
For further information, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 ([email protected]). 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)
Posted by AGORACOM-JC
at 8:52 AM on Thursday, April 27th, 2017
Raising  $CDN 300,000 via a non-brokered private-placement of 2,000,000 units at CDN $0.15 cents per unit with a full warrant at CDN $0.20 cents, expiring eighteen months from date of closing of this offering
Toronto, Ontario – Tartisan Resources Corp. (CSE: TTC) (“Tartisanâ€, or the “Companyâ€) is pleased to announce a Private Placement of up to two million units at 15 cents per unit.
Private Placement
Tartisan Resources Corp. is raising  $CDN 300,000 via a non-brokered private-placement of 2,000,000 units at CDN $0.15 cents per unit with a full warrant at CDN $0.20 cents, expiring eighteen 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, in particular to initiate a work program on the 100% owned Don Pancho polymetallic zinc-lead-silver-manganese project located 105 kilometers north-northeast of Lima in the Province of Huaral, Department of Lima, Peru and to complete the acquisition of a 100% interest in the Ichuna copper-silver property in South Peru.
Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Currently, there are 71,064,345 shares outstanding (84,759,982 fully diluted).
For further information, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 ([email protected]). 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)
Posted by AGORACOM-JC
at 8:03 AM on Wednesday, February 22nd, 2017
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) (“Tartisanâ€, or the “Companyâ€) is pleased to announce the signing of a letter of intent with Duran Ventures Inc. (V-DRV) ( “Duranâ€) 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).
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
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