Tarachi Gold Corp. announced plans for an initial field exploration program on the La Texana property in Sonora, Mexico. The Company has the right to earn a 100% interest in La Texana as part of its option agreement with Minerales de Tarachi R.L. de C.V. The La Texana concession is 300 hectares in size and located within the Sierra Madre Gold Belt.

This section of the Sierra Madre is host to numerous gold deposits and active gold mines along a northwest-southeast trend. La Texana is situated midway between Agnico Eagle's La India mine and the undeveloped Tarachi Deposit. The company expects to commence fieldwork on the La Texana Concession within the month.

The fieldwork will entail detailed geological and structural mapping and rock sampling of the entire concession and take approximately 45 days to complete. The goal of the exploration program is to assess the area's potential to host mineralization similar to neighbouring deposits and identify future drill targets. This will be the Company's first exploration program conducted at La Texana.

The La India mine occurs in an area of intrusion-related alteration dominated by volcanic-hosted high-sulphidation epithermal-hydrothermal gold, silver and porphyry-related gold deposits. These deposits may be present as veins and/or disseminated deposits and/or breccias. The La India mine is best characterized as an area of several high sulphidation epithermal mineralization centres recognized in the region.

The Tarachi deposit is a large low-grade gold porphyry deposit with satellite epithermal mineral occurrences discovered in 2010. The gold system at the Tarachi deposit has been classified as a wall rock gold porphyry deposit, comprising sheeted veins that deposited gold within the wall rock outside the source dacite porphyry intrusions, suggesting that it has the potential to grow into a much larger deposit. Chipriona is a polymetallic deposit host to gold, silver and zinc resources contained within structurally controlled veins, stringers and breccias.

All deposits mentioned are projects owned by Agnico Eagle.