(CSE: TRG)
Tarachi President and CEO,
Table # 1: Diamond Drill Hole Composites
Hole ID | From (m) | To (m) | Core (m) | Gold (g/tonne) |
JAB-20-03 | 1.8 | 7.0 | 5.20 | 2.30 |
JAB-20-04 | 0.0 | 14.5 | 14.50 | 5.49 |
including | 0.0 | 7.0 | 7.00 | 9.67 |
110.0 | 118.0 | 8.00 | 0.31 | |
JAB-20-05 | 0.0 | 20.1 | 20.10 | 4.54 |
including | 0.0 | 10.0 | 10.00 | 7.48 |
*Assay results are in core length, true width is unknown. |
Gold mineralization at the historic
Table # 2 – Drill hole orientations
Hole ID | Azimuth (Degrees) | Dip (Degrees) | Length (m) |
JAB-20-03 | 15 | -48 | 91.1 |
JAB-20-04 | 30 | -48 | 128.7 |
JAB-20-05 | 30 | -30 | 99.6 |
JAB-20-06 | 150 | -30 | 110.0 |
The known gold mineralization cannot be tested in one drill hole due to the location of the LM-75 underground drill in the middle of the workings as shown on Figure # 1.
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
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
Tarachi Project Descriptions
The Tarachi Projects (the "Projects") consist of the
The Mulatos gold trend is part of the Sierra Madre gold and silver belt that also hosts the operating Mulatos gold mine immediately southeast of the La India property and the
Qualified Person
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release includes certain "Forward–Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward–looking 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 forward–looking statements or information. Forward-looking statements include, but are not limited to, statements with respect to: the terms and conditions of the proposed Acquisition; and the business and operations of the Company after the proposed Acquisition.
Forward–looking statements and forward–looking 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 management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's 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; costs of exploration and development; the estimated costs of development of exploration projects; Tarachi's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.
These statements reflect Tarachi's 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 forward–looking 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: satisfaction or waiver of all applicable conditions to closing fluctuations in general macro–economic conditions; fluctuations in securities markets and the market price of Tarachi's common shares; and the factors identified under the caption "Risk Factors" in Tarachi's management discussion and analysis. Readers are cautioned against attributing undue certainty to forward–looking 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 forward–looking 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.
SOURCE
© Canada Newswire, source