Tarachi Drills 7.26 g/t Gold over 12.00 Metres Including 12.20 g/t Gold over 6.0 Metres at Historic La Dura Mine in Sonora, Mexico

ID: 1568057
recent pressrelease next pressrelease

(businesspress24) - Vancouver, British Columbia (June 10, 2021) - Tarachi Gold Corp. (CSE: TRG) (OTCQB: TRGGF) (Frankfurt: 4RZ) (Tarachi or the Company - https://www.commodity-tv.com/ondemand/companies/profil/tarachi-gold-corp/ ) is pleased to announce additional assay results from surface reverse circulation drill holes JAB-21-11C, and JAB-21-12 to JAB-21-15 completed at the historic La Dura mine on the Companys Jabali concession (Figure #1). The drill program tested the down-dip and potential southern plunge in areas of known gold bearing structures. Table # 1 highlights areas with significant gold concentrations contained in the five surface drill holes and Table # 2 provides the drill hole orientations.

Table # 1 - Significant Intercepts

Hole ID From To Core Gold
Length

(m) (m) (m) (g/tonne)
JAB-21-11C 28.50 31.50 3.00 0.633
JAB-21-12 15.00 24.00 9.00 0.216
88.50 91.50 3.00 0.372
132.00 135.00 3.00 2.35
JAB-21-13 52.50 54.00 1.50 1.56
JAB-21-14 9.00 21.00 12.00 7.26
Including 15.00 21.00 6.00 12.2
73.50 76.50 3.00 1.68
JAB-21-015 109.50 121.50 12.00 0.23
Including 120.0 121.5 1.5 0.414
*Assay results are in core length; true width is unknown.

Tarachi VP and Director Lorne Warner commented: The results in JAB-21-14 confirmed that the underground diamond drilling and surface reverse circulation drilling programs returned similar assay results. La Dura has exceptionally hard and brittle lithologies which have created problems in the past in drilling recoveries. In this program we also located several new levels in the stratigraphy with anomalous gold concentrations as we drill tested to the south of the La Dura workings.

Reverse circulation hole JAB-21-14 confirmed both the trend and anticipated near-surface gold concentrations (Figure #2). The program indicated the western bounding structure seen in the underground workings may be playing an important role in the development of this deposit, particularly for the deposition of higher-grade gold. Tarachi geologists are now compiling these results with historical drilling to determine the next phase of reverse circulation drilling at La Dura.



Holes JAB-21-11C and JAB-21-12 tested the inferred intersection of the Baby Doll Zone to the Main trend. It appears that brittle structural displacements of the stratigraphy in this area are not fully understood and need to be further analysed. These two holes, collared 200 metres southeast of the La Dura mine workings, demonstrate that gold mineralization is widespread on the Jabali concession.

JAB-21-15 tested the potential eastern extent of mineralization with limited success. Though no high-grade intervals were encountered, the hole ended in mineralization with the final 1.5-metre interval returning 0.414 g/t Au.

Table # 2 - Drill Hole Coordinates

Hole ID UTM UTM AzimuthDip Length
(East) (North) (Degree(Degrees(m)
s) )

JAB-21-11714778 3170261 60 -60 175.00
C

JAB-21-12714777 3170259 120 -60 139.50
JAB-21-13714742 3170361 360 -60 97.50
JAB-21-14714737 3170414 015 -60 88.50
JAB-21-15714773 3170410 015 -60 61.50

https://www.irw-press.at/prcom/images/messages/2021/58919/TarachiGold_10062021_ENPRcom.001.jpeg


Figure 1 - Plan Map of La Dura Mine Area on Jabali Concession
https://www.irw-press.at/prcom/images/messages/2021/58919/TarachiGold_10062021_ENPRcom.002.jpeg


Figure 2 - Section with JAB-21-014 (looking 100o with a view depth of 40 metres)

Quality Assurance/Quality Control

Core samples were selected by a geologist and sawed in half. One half of the core remains in the core tray the other half is placed into a plastic bag. Sample tags were submitted into each bag before being sealed and stored at the campsite in a secure area and were later transported by company truck directly the Bureau Veritas Mineral Laboratories (BVM) in Hermosillo, Sonora, Mexico. At the laboratory, the samples were dried, crushed and pulverized with the pulps being sent airfreight for analysis to BVM in Vancouver, B.C. for 37-element ICP analysis after modified aqua regia digestion. Gold assays are done in Hermosillo by 50-gram fire assay with an atomic absorption spectroscopy finish.

Samples were checked using a 50-gram fire assay with a gravimetric finish for samples greater than 10ppm Au and 1Kg metallic fire assay with duplicate minus fraction analyzed. Both Hermosillo and Vancouver BVM facilities are ISO 9001 and ISO/IEC 17025 accredited. Laboratory control samples comprising certified reference samples, duplicates and blank samples were inserted by the laboratory into the sample stream and analyzed as part of the quality assurance/quality control protocol.

About Tarachi Gold

Tarachi Gold is a Canadian-listed junior gold exploration company focused on exploring and developing projects in Mexico. The Companys Tarachi project covers 3,708ha of highly prospective mineral concessions in the Sierra Madre gold belt of Sonora, Mexico in close proximity to Alamos Golds Mulatos mine and Agnico Eagles La India mine. Tarachi has also acquired the Magistral Mill and tailings project in Durango, Mexico. Magistral includes a 1,000 tpd mill and access to a tailings resource (non-compliant with NI 43-101) estimated to contain 1.3Mt at 2.05g/t Au which the Company expects to bring into production in 2022.

Qualified Person

Lorne Warner, P.Geo, VP Exploration and Director of the Company is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the scientific and technical disclosure in this news release.

Contact Information: For more information and to sign-up to the mailing list, please contact:

Cameron Tymstra, CEO
Email: cameron(at)tarachigold.com

In Europe:
Swiss Resource Capital AG
Jochen Staiger
info(at)resource-capital.ch
www.resource-capital.ch

SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS

This news release includes certain ForwardLooking Statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forwardlooking information under applicable Canadian securities laws. When used in this news release, the words anticipate, believe, estimate, expect, target, plan, forecast, may, would, could, schedule and similar words or expressions, identify forwardlooking statements or information. These forwardlooking statements or information relate to, among other things: future exploration programs, and the completion of drill holes; and receipt of assay results.

Forwardlooking statements and forwardlooking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Tarachi, future growth potential for Tarachi and its business, and future exploration plans are based on managements reasonable assumptions, estimates, expectations, analyses and opinions, which are based on managements experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of silver, gold and other metals; no escalation in the severity of the COVID-19 pandemic; costs of exploration and development; the estimated costs of development of exploration projects; Tarachis ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect Tarachis respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forwardlooking statements or forward-looking information and Tarachi has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the Company''s dependence on one mineral project; precious metals price volatility; risks associated with the conduct of the Company''s mining activities in Mexico; regulatory, consent or permitting delays; risks relating to reliance on the Company''s management team and outside contractors; risks regarding mineral resources and reserves; the Company''s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of COVID-19; the economic and financial implications of COVID-19 to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company''s interactions with surrounding communities and artisanal miners; the Company''s ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption Risk Factors in Tarachi''s management discussion and analysis. Readers are cautioned against attributing undue certainty to forwardlooking statements or forward-looking information. Although Tarachi has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. Tarachi does not intend, and does not assume any obligation, to update these forwardlooking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.




More information:
http://https://latentproductions.com/event-photographer-toronto/ https://www.athemeart.com/blog/food-delivery-wordpress-themes/



Keywords (optional):



Company information / Profile:

PressRelease by

Requests:





PressContact / Agency:



published by: irw
print pressrelease  send to a friend  

Date: 06/10/2021 - 10:01
Language: English
News-ID 1568057
Character count: 3513
Kontakt-Informationen:
Firma: Tarachi Gold Corp.
Ansprechpartner: Feedback to businesspress24.com about Pressrelease-id:
Stadt: Wien
Telefon:

Meldungsart:
Versandart:
Freigabedatum:
Comments:



Number of hits: 579

Linking-Tips:



Direct Link to this PressRelease:






We would appreciate a link in your News-, Press- or Partner-Site.

Comments on this PressRelease






All members: 9 441
Register today: 0
Register yesterday: 0
Members online: 0
Guests online: 86


Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.