Creating Value Through Delineation of Base and Precious Metal Resources in Peru
AGORACOM NEWS FLASH
- 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
Message: Tartisan Resources Corp. to Advance Exploration of the Don Pancho Lead- Zinc-Silver Property in Peru
Tartisan Resources Corp. to Advance Exploration of the Don Pancho Lead- Zinc-Silver Property in Peru
Not for distribution to U.S. news wire services or dissemination in the U.S.
Toronto, Ontario - Tartisan Resources Corp. (CSE: TTC) (“Tartisan”, or the “Company”) is pleased to announce that they have contracted GEADES Consulting SAC “GEADES”, a company specializing in Social and Environmental Studies to prepare all documents necessary to complete an environmental impact assessment (DIA) report on the 100% owned Don Pancho property. The company will submit the DIA Report to the Ministry of Energy and Mines in Peru in order to obtain a drill permit. The Company will initially apply for a permit allowing for the construction of up to 20 drill pads and an exploration adit of up to 50 metres.
As previously reported in the company's press release dated March 30, 2017, the mineralization at Don Pancho is hosted in an extensive north-northwest-south-southeast-trending breccia zone measuring over 800 metres in length and 150 to 200 metres in width. The previous operator drilled six diamond drill holes in 2014 totaling 2,021 metres. The results show that several Pb-Zn-Ag intervals were intersected including 40 metres of 0.88 per cent Zn, 0.40 per cent Pb and 7.7 grams per tonne Ag, 22.65 metres of 1.00 per cent Zn, 0.26 per cent Pb, and 6.85 g/t Ag and 1.15 metres of 4.38 per cent Zn, 3.25 per cent Pb and 61.1 g/t Ag. Underground sampling before the previous operators returned 106 g/t Ag, 3.26 per cent Pb and 17.56 per cent Zn over 2.00 metres. The attached table lists the significant drill intersections. 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 are yet to be fully understood.
All six holes were drilled with azimuths between 230 degrees and 240 degrees with various inclinations. Drill holes 1 through 5 were drilled at the southern end of an extensive brecciated zone where as drill hole 6 was drilled approximately 600 metres north of the southern drill holes. Only a very small area was drill tested and after field review of the exploration results shows that the direction of the drilling was perpendicular to the fold axis of the local and regional stratigraphy. The Company and its geologists believe this was not the most optimal direction for drilling. The stratigraphy is tightly folded in the project area, and regional north-northeast-south-southwest compression will result in en echelon openings, cross cutting stratigraphy. Structural analysis on the geology in this area suggests that the drilling more likely have been drilled sub-parallel to any potential mineralized zones. The previous owner reinterpreted the structural controls on the mineralization and is confident that the previous operator did not understand the geological model. The Company will use this structural analysis to define and locate new drill targets. A new drilling direction will be applied.
The Don Pancho project is located in a prolific polymetallic mineral belt in central Peru. Management recently visited the area and was impressed by the availability of power and water. Trevali Mining Corp.'s Santander lead-zinc-silver mine is located nine kilometres to the east of the project. The world-class Iscaycruz and Yauliyacu polymetallic mines operated by Glencore-Xstrata PLC are located 50 kilometres to the north-northwest of the project. Buenaventura's silver-lead-zinc Uchucchacua mine is located 63 kilometres north of the project. Tinka Resources new Zn discovery on their Ayawilca Project is located 80 kilometers to the north and is hosted in similar geology as Don Pancho.
Mark Appleby the CEO of Tartisan states “The Company is excited to start a new phase of exploration targeting Pb-Zn-Ag mineralization along this extensive altered brecciated zone. Besides being located in a prolific polymetallic belt, having a better understanding of the structural controls for locating new mineralized zones and the recent renewed interest in zinc, the Don Pancho Property is a great opportunity for our the company”.
Jeff Reeder, PGeo, a qualified person in the context of National Instrument 43-101, has reviewed and approved the technical content of this news release.
Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Following the above transaction, there are 73,012,443 shares outstanding (88,905,827 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.
To view this press release as a PDF file, click onto the following link:
Source: Tartisan Resources Corp. (CSE:TTC)
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