Exploration Commences at Tana’s Golden Triangle King - Double T Property
TANA Resources Corp. Suite 830 – 1100 Melville Street, Vancouver BC, V6E 4A6 +1.778.855.3994
www.tanaresources.ca
Exploration Commences at Tana’s Golden Triangle King - Double T Property
Vancouver, B.C. July 15 , 2022 - Tana Resources Corp. (“TANA” or the “Company”)
(CSE: TANA) has mobilized a geological team to carry out the recommended Phase 1
Exploration Program at its 1,500 hectare King – Double T project (the “Property”) located
approximately 20 kilometers north of the former Snip Gold Mine in northwest BC’s Golden
Triangle. Tana is earning a 70% interest in the Double T claim block and a 50% interest
in the King claim block by making a series of cash payments, share issuances and
meeting a series of work commitments.
Highlights of King – Double T Property:
Historic exploration has identified a number of mineralized areas including:
• King vein – a flat lying quartz vein yielding grab sample highlights of 1,725 g/t gold;
o 1988 drilling returned values ranging from 9.19 to 103.59 g/t gold (0.294 to
3.315 oz/t) over widths ranging from 0.43 to 0.50 metres; (true width unknown)
• North Zone – a stratiform lead-zinc-silver zone returning highlight grab samples of
6.4% lead, 31.3% zinc and 890 g/t silver;
o 1987 drilling returned values ranging from 0.01 to 7.3 g/t gold and 2.0 to 219 g/t
silver all over widths of one metre; (true width unknown)
The source of the exploration information is Tana’s June 21, 2021 Technical Report on the Double T
Property by Derrick Strickland, found under Tana’s profile on SEDAR.
“We are very pleased to announce the commencement of exploration at King – Double
T,” commented Tana CEO Vic Korajian. “The historic gold and silver grades demand
follow up, especially in light of the recent work by Enduro Resources Corporation within
1 kilometre of our property. We are very excited to see what the Tana technical team can
uncover as they attempt to trace these zones along strike,” he continued.
The King - Double T property lies in an underexplored, prospective area of the Golden
Triangle north of the former Snip Mine, where recent, gold, polymetallic and porphyry
copper prospects have been discovered. The receding ice has opened large sections of
the King - Double T property that were inaccessible to the earlier explorers in the late
1980’s, including a number of unexplained magnetic anomalies.
The King Vein and North Zone appear to spatially relate to the suspected southern
projection of the regional McLymont Fault, as supported by a series of historic airborne
magnetic surveys. Recent expl oration by Enduro Resources Corporation (see Enduro
July 11, 2022 News Release) appears to further support the extension of the Fault
southwest across their property to within 1000 metres of the Tana property boundary.
Tana’s Golden Triangle experienced team plans to delineate the extent of the known gold
and polymetallic skarn style mineralization and its relationship to the McLymont Fault,
TANA Resources Corp. Suite 830 – 1100 Melville Street, Vancouver BC, V6E 4A6 +1.778.855.3994
www.tanaresources.ca
evaluate the recently deglaciated magnetic anomalies in the northern part of the Property
and assess the significance of historic polymetallic soil and rock geochemical anomalies
in other areas of the Property. Results will be reported as they become available.
About TANA
Tana Resources Corp. is a Canadian mining exploration company focused on the
acquisition and development of high value mining projects. The Company’s objective is
to build shareholder value through the acquisition of projects with significant technical
merit. The Company’s management team has many years of experience in exploration,
finance and efficient public company management.
Qualified Person
The technical content of this news release has been reviewed and approved by R. Tim
Henneberry, P.Geo. (BC), a Director of the Tana and a Qualified Person under National
Instrument 43-101.
For additional information, please visit the Company’s website at www.tanaresources.ca
On Behalf of the Board of Directors
“Vartan Korajian”
President and CEO
For further information, please contact:
778-855-3994
Email: [email protected]
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is
defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy
or accuracy of this release.”
Forward Looking Statements:
This news release contains certain statements that may be deemed "forward-looking" statements.
Forward looking statements are statements that are not historical facts and are generally, but not
always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or conditions "will", "would", "may",
"could" or "should" occur. Although TANA believes the expectations expressed in such forward-
looking statements are based on reasonable assumptions, such statements are not guarantees
of future performance and actual results may differ materially from those in forward looking
statements. Forward looking statements are based on the beliefs, estimates and opinions of
TANA’s management on the date the statements are made. Except as required by law, TANA
undertakes no obligation to update these forward-looking statements in the event that
management's beliefs, estimates or opinions, or other factors, should change.