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tarsis resources ltd (TCC) Snapshot

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Previous Close
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52 Week High
08/20/13 - C$0.13
52 Week Low
10/1/13 - C$0.06
Market Cap
3.3M
Average Volume 10 Days
3.7K
EPS TTM
C$-0.05
Shares Outstanding
50.6M
EX-Date
--
P/E TM
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Current Stock Chart for TARSIS RESOURCES LTD (TCC)

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tarsis resources ltd (TCC) Details

Tarsis Resources Ltd., an exploration stage company, engages in the acquisition and exploration of mineral properties. It explores for gold, copper, silver, zinc, and lead metal deposits. The company owns interests in 13 properties in the Yukon, Canada; and 1 property in Mexico. Its principal properties include the Prospector Mountain project that consists of 271 mineral claims covering 5,660 hectares located to the northwest of Carmacks, Yukon; the White River property, which comprises 308 claims covering approximately 6,400 hectares located to the northwest of Whitehorse, Yukon; and the Erika property that consists of 2 contiguous claims covering approximately 16,000 hectares located in Guerrero State, Mexico. The company is based in Vancouver, Canada.

tarsis resources ltd (TCC) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$131.3K
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

tarsis resources ltd (TCC) Key Developments

Tarsis Resources Ltd. Provides Update on Continuing Exploration at Yago Gold-Silver Project, Mexico

Tarsis Resources Ltd. provided an update on its continued exploration at the Yago project located in Mexico. The Yago project features gold and silver mineralization within a low-sulphidation epithermal environment. The project hosts three significant centers of mineralization within a 15 by 15 km area. Tarsis follows the prospect generator business model and is carrying out this exploration to upgrade the project as part of its efforts to attract an option partner. Preliminary mapping and sampling has been carried out along the La Tejona Trend, over approximately 1,600 m, primarily focusing on historically documented outcrops with little to no recorded sample data. In general, most textures observed are indicative of a high-level environment which is interpreted to represent excellent preservation of the epithermal system. Mapping and prospecting has identified at least four different structural orientations within the trend. The most common orientation strikes northeast to north-northeast with steep easterly dips. This orientation is similar to the vein zones at La Sarda, 7 km to the north where significant underground development was implemented intermittently between the early 1900's and as recently as 2000. In the central and southern portions of the La Tejona Trend, the main structural zones are marked by a series of parallel high-level opalescent silica boulder trains with lesser crustiform banded silica and hematitic breccias. The best exposures occur within the higher elevation portions of the ridge system defining the structural trend. Two main silica trains are apparent ranging from tens of cm thick to roughly 10 m thickness. They are approximately 100 m apart and have been traced along strike intermittently for 550 m. Narrower veins, less than a meter in thickness, occur between the two main zones and on either side. In general, the narrower veins between the larger opalescent silica trains, exhibit more gold-bearing favorable textures. Due to the nature of the massive opalescent silica material at many of the exposures, sawn channel sampling is the preferred method of assessing these exposures. Thus during the most recent campaign, samples were collected from narrower zones where extraction was possible without a rock saw and the samples were still deemed to be representative. A new discovery was made prospecting east of the La Tejona Trend in an area where no previous work has been documented. The Vaca Blanca Zone is located approximately 800 m east of the central La Tejona Trend and is defined by a series of massive high-level silicification boulder trains approximately 5 to 7 m wide within a low lying field. Smaller zones of crustiform banded quartz material and lesser hematized breccia material are also observed among the boulder trains. One sample of silica-clay altered material with localized hematized breccia and minor dark bands returned 6.31 g/t gold and 58.9 g/t silver. At the Caliente Zone, the company identified high-grade gold and silver samples, including 8.9 m of sawn channel sample grading 4.12 g/t gold and 32.8 g/t silver. To test the geological continuity of this zone and ore shoot potential beneath the surface saw channel sampling, the Company completed a seven hole, 663 m diamond drill program. The holes tested an 85 m section of the Caliente Zone to a depth of approximately 100 m vertical.

Tarsis Resources Ltd. Carries Out Further Exploration at its Yago Project

Tarsis Resources Ltd. announced that it has carried out further exploration at its Yago project, including sawn channel sampling of outcrop, mapping and rock and soil sampling. The Yago project features gold and silver mineralization within a low-sulphidation epithermal environment. Sawn Channel Sampling: Sawn channel sampling was carried out within the northeastern part of the La Tejona trend at a target area referred to as the Caliente Zone (previously known as Creek Zone). Detailed mapping re-interpreted the Caliente Zone as an east-northeast striking zone of intense silicification accompanied by multiple generations of crustiform and coliform banded quartz veining in addition to polyphase brecciation. Dominant planar fabrics defining the zone dip moderately to the northwest while a strongly pervasive northerly trending fracture set cuts across the zone and this contains minor crustiform banded quartz veins, veinlets and dry fractures. Sampling at the Caliente Zone consisted of 8.9 m of exposure within an interpreted 12 m total true thickness. The average grade of the 8.9 m of sawn channel sampling is 4.12 g/t gold and 32.8 g/t silver. Approximately 3.0 m of the zone is covered by slough and vegetation within a narrow localized drainage and this portion of the zone was not sampled. Channel locations were chosen to optimize cuts perpendicular to the main banding orientation. Thirteen cuts were located at differing elevations along a 60 m section of the zone. Cuts across individual bands and sections of silicification within the zone were projected to a central section and cumulatively interpreted to represent a continuous sample series across the Caliente Zone with the exception of the 3.0 m gap near the hangingwall contact. Assay results include 3.00 m grading 11.10 g/t gold and 31.6 g/t silver, which in turn includes 1.35 m grading 22.34 g/t gold and 36.5 g/t silver. Clearing of vegetation roughly 70 m northeast along the trend of the Caliente Zone revealed abundant vein and silicified breccia material scattered along the surface. Ten samples collected within a 20 m by 20 m area at the northeast end of the trend returned gold values ranging from 0.21 g/t to 6.1 g/t and silver values ranging from 46 g/t to 1,460 g/t. Seven of the ten samples yielded gold values greater 1.00 g/t Au and 150 g/t Ag and the average grade of all ten samples collected was 2.46 g/t Au and 475 g/t Ag.

Tarsis Resources Ltd. Appoints Jason Weber to its Board of Directors

Tarsis Resources Ltd. announced that Mr. Jason Weber, P.Geo., has been appointed to its Board of Directors. Mr. Weber is a geologist with over 20 years of experience in the minerals exploration industry. He most recently held the position of President and CEO of Kiska Metals Corporation. Mr. Weber was President and CEO of Rimfire Minerals Corporation from 2007 to 2009 when Rimfire merged with Geoinformatics to create Kiska.

 

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