Tarsis Resources finds gold values at Yago property in Mexico

2 October 2013 (Last Updated October 2nd, 2013 18:30)

Tarsis Resources has revealed exploration and assay results from its Yago gold-silver property in Nayarit state, Mexico, which confirmed high-grade gold values.

Tarsis Resources has revealed exploration and assay results from its Yago gold-silver property in Nayarit state, Mexico, which confirmed high-grade gold values.

The company conducted a focused orientation in August 2013 at two locations, La Tejona and La Sarda, within the central and northern parts of the property.

Tarsis re-exposed previously reported vein zones at both sites and collected channel samples using a diamond blade rock saw.

The company encountered 13.65 g/t gold and 57.4 g/t silver across 0.37m at La Tejona and 10.40 g/t gold and 92.5 g/t silver across 0.52 m at La Sarda.

Tarsis Resources president and CEO Marc Blythe said, "We are very encouraged with the results of our first work program at Yago, particularly the potential widths of the vein system interpreted at La Tejona, in excess of 15 meters, coupled with the presence of multi-gram gold values at numerous locations on the property."

The La Tejona prospect is defined by a constrained gold-in-soil geochemical anomaly with the majority of the gold threshold values crossing 100ppb to a maximum of 980ppb.

The main anomaly trends north-easterly for about 1,700m and is open along strike to the southwest.

Tarsis has identified about four sub-parallel northeast trending vein structures at La Sarda.

According to the company, the La Esperanza Vein, which was the focus of the company's 2013 orientation at La Sarda, was designed to follow up a number of recent chip samples taken along strike from the site of gold-silver production.

The company said that of the three veins previously mined, the La Esperanza was the least developed with reported production of about 3,000t.

Nri