Tarachi Gold Corp. announced metallurgical results for the Company's wholly owned Magistral Mill and Tailings Project ("Magistral" or the "Magistral Project") in Durango, Mexico. The results will be incorporated by Ausenco Engineering into the preliminary economic assessment that is nearing completion for the Magistral Project. Total gold recovery after 48 hours of leach time ranged from 81.7 to 86.9% on as-received, unground samples. Sample material for the metallurgical testwork was obtained from the Company's auger drilling program, completed in May. The sample material was composited by Activation Laboratories Ltd. before being sent off to Base Metallurgical Laboratories Ltd, both of Kamloops, British Columbia, for cyanide leach analysis. A total of six sample composites were sent for testing. Each composite was made from material from a grouping of five to seven drill holes. The six composites were assayed to determine head grade for gold, silver, and copper. Material from each composite was split off to test for gold recovery by cyanide leach at three different grind sizes. The first sample from each composite was leached on an as-received basis without any grinding, the second sample was leached after a 1-minute polish grind and the final leach test was with a target P80 grind size of 75?m. Leach testing on material with a target size of 75?m was not undertaken for Composites 3 and 5 as material from those composites reached the target size after the 1-minute polish grind. Leach testing was conducted using the standard bottle-roll method with assays of the solution taken after 2, 6, 12, 24 and 48 hours. A cyanide concentration of the leach solution was maintained at 2.0g/L NaCN with lime added to maintain a target pH of 11.5. Total lime and sodium cyanide consumption for the 12 and 48-hour leach tests can be found in Table 3. Overall, leach kinetics of the Magistral tailings material was determined to be favourable with gold recovery of greater than 80% achieved in 12 hours in almost every sample run with an average recovery of 83.1% in 12 hours on the as-received material. Additional grinding of the tailings material did not result in a substantial improvement in gold recovery, suggesting that gold can be leached and recovered from the Magistral tailings with a very low total energy input compared to conventional ore that needs to be crushed and ground prior to recovery. The facility includes an unused ball mill that will likely be included in the plant circuit to ensure tailings material is sufficiently slurried prior to leaching with minimal need to reduce actual particle size. The existing processing facility at Magistral consists of four 7.6-metre by 9-metre agitated leaching tanks with a capacity to leach 1,000 tonnes of tailings material per day at a leach time of 16 hours. Today's leaching results indicate that the existing leaching capacity at Magistral is more than sufficient to achieve near-maximum gold recovery with little, if any, additional recovery seen at longer retention times in the test work. The facility's existing counter-current decantation ("CCD") system is expected to produce gold recovery efficiencies of 90.6%. At a gold leachability of 80-83%, total plant gold recovery is expected in the range of 72.5 to 75%. The Company and Ausenco Engineering are considering options as part of the PEA that could potentially improve total plant gold recovery. Such options could include the addition of an extra CCD tank, increasing wash water flow and switching from conventional tailings to filtered tailings. Lime and sodium cyanide consumption rates per tonne of material can be found in Table 3. Lime and cyanide consumption averaged 3.37kg and 3.30kg per tonne of ore, respectively, on as-received material after 12 hours of leaching. Much of the cyanide consumption has been attributed to the presence of cyanide-soluble copper in the tailings material. The copper grade of the 171 gold tailings samples from the Company's auger drilling program averaged 0.176% Cu, with approximately half of the copper expected to be cyanide soluble. The Company and Ausenco Engineering are currently looking at ways to manage the copper content of the tailings and potentially mitigate some of its dissolution into the cyanide solution with the goal of reducing cyanide consumption. Copper by-product production is also being considered as a secondary revenue stream for the project. Tailing samples were selected by company geologists with each sample placed into plastic bag. Sample tags were inserted into each bag before being sealed and stored at the campsite in a secure area. At the completion of the program the samples were transported by company trucks directly to Tarachi's secure facility in Hermosillo, Mexico for transport to Canada. All 178 samples from the 37 vertical, auger drill holes completed were shipped to Activation Laboratories Ltd. in Kamloops B.C.Canada for sample preparation and analysis. 30 grams from each sample was analyzed for gold by Fire Assay Fusion with an AA (atomic absorption finish) as well, 0.5 grams of each sample was digested by Agua Regia and then analyzed using an ICP for a 38 element suite. Activation Laboratories is ISO/IEC 17025:2017 and ISC 9001: 2015 accredited and/or certified. Control samples comprising of certified reference samples, duplicates and blanks were systematically inserted into the sample stream and analyzed as part of the company's quality assurance /quality control protocol.