Tarachi Commences Second Phase of Drilling at the Historic LA Dura MINE in Sonora, Mexico and Appoints a New Transfer Agent
(CSE: TRG)
FOR IMMEDIATE RELEASE March 5, 2021
TARACHI COMMENCES SECOND PHASE OF DRILLING AT THE
HISTORIC LA DURA MINE IN SONORA, MEXICO AND APPOINTS A
NEW TRANSFER AGENT
Vancouver, British Columbia (March 5, 2021) – Tarachi Gold Corp. (CSE: TRG) (PINK:
TRGGF) (Frankfurt: 4RZ) (“Tarachi” or the “Company”) is pleased to announce the start of
the second phase of underground drilling at the historic La Dura mine on March 1, 2021. The
success of the 2020 underground drilling program by Tarachi in holes JAB-20-06/07 demonstrated
the potential of the La Dura Zone to continue plunging to the south as indicated in Figure #1. The
program entails the completion of four HQ diamond drill holes testing the eastern limits of the
zone and exploring its continuation to the south as seen in Figure #2.
In addition to the underground drilling at La Dura, a surface RC drill rig will be mobilized to the
Jabali mineral concession in mid-March to test the 400m-long area between the La Dura mine and
the artisanal workings at Zaragoza as seen in Figure #3. The priority target in this region is the
potential intersection of the main N-S trend with the mineralized Baby Doll zone that appears to
trend NE.
Tarachi CEO, Cameron Tymstra stated: “We are looking forward to returning to Jabali with the
drill crews to continue exploring around the La Dura mine and to test the 400m-long corridor
between La Dura and the Zaragoza workings for the potential to host a mineral resource. With
many of the World’s economic gold deposits occurring around the intersection of structures, we
are keen to bring a surface drill rig in to explore around the interpreted intersection of the two
mineralized structures on the property.”
Figure 1 - La Dura Mine Cross Section
Figure 2 - La Dura Mine U/G Drill Holes Figure 3 - Jabali Mineralized Corridor
Jabali
The Jabali concession is located 6km west from Alamos Gold’s Mulatos mine, a heap leach
operation that has produced over 2Moz of gold since 2005 and still contains an estimated 4Moz of
gold in reserves and resources. Jabali is host to the historic La Dura underground mine where an
estimated 100,000t of ore grading 3g/t Au was previously mined. The La Dura workings are in an
intensively silicified and brecciated rhyolite.
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 and 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 to the Bureau Veritas Mineral Laboratories (BVM) in Hermosillo, Sonora,
Mexico. At the laboratory, the samples were dried, crushed and pulverized with the pulps being
sent airfreight for analysis to BVM in Vancouver, B.C. for 37-element ICP analysis after modified
aqua regia digestion. Gold assays are done in Hermosillo by 50-gram fire assay with an atomic
absorption spectroscopy finish.
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
Hermosillo and Vancouver BVM facilities are ISO 9001 and ISO/IEC 17 025 accredited.
Laboratory control samples comprising certified reference samples, duplicates and blank samples
were inserted by the laboratory into the sample stream and analyzed as part of the quality
assurance/quality control protocol.
Change of Transfer Agent
The Company has changed its transfer agent to Odyssey Trust Company as of the close of business
on March 5, 2021 . For information about Odyssey Trust, please visit their website
https://odysseytrust.com/. If you have any questions, you can reach to Odyssey directly by visiting
www.odysseycontact.com.
About Tarachi Gold
Tarachi Gold is a Canadian-listed junior gold exploration company focused on exploring and
developing projects in Mexico. The Company’s Tarachi project covers 3,708ha of highly
prospective mineral concessions in the Sierra Ma dre gold belt of Sonora, Mexico in close
proximity to Alamos Gold’s Mulatos mine and Agnico Eagle’s La India mine. Tarachi is also in
the process of acquiring the Magistral Mill and tailings project in Durango, Mexico. Magistral
includes a 1,000tpd mill and a non- NI 43-101 compliant tailings resource estimated to contain
1.3Mt at 2.05g/t Au which would provide the Compa ny with a near-term pathway to gold
production.
Qualified Person
Lorne Warner, P.Geo, VP Exploration and Director of the Company is a qualified person as
defined by National Instrument 43-101 and has reviewed and approved the scientific and technical
disclosure in this news release.
Contact Information: For more information and to sign-up to the mailing list, please contact:
Cameron Tymstra, CEO
Email: [email protected]
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 applicab le
Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”,
“expect”, “target”, “plan”, “forecast”, “may”, “would”, “could”, “sch edule” and similar words or
expressions, identify forward‐looking statements or information. These forward‐looking statements or
information relate to, among other things: the development of the La Dura mine, including drilling programs
and mobilization of drill rigs; future mineral exploration, development and production; and completion of
an underground drilling program.
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; no escalation in the severity of the
COVID-19 pandemic; 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: the Company's dependence on one mineral project; precious metals price volatility; risks
associated with the conduct of the Company's mining activities in Mexico; regulatory, consent or permitting
delays; risks relating to reliance on the Company's management team and outside contractors; ris ks
regarding mineral resources and reserves; the Company's inability to obtain insurance to cover all risks, on
a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate
sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and
unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical
recoveries and capital and operating costs of such projects; contests over title to properties, particularly title
to undeveloped properties; laws and regulations governing the environment, health and safety; the ability
of the communities in which the Company operates to manage and cope with the implications of COVID-
19; the economic and financial implications of COVID-19 to the Company; operating or technical
difficulties in connection with mining or development activities; employee relations, labour unres t or
unavailability; the Company's interactions with surrounding communities an d artisanal miners; the
Company's ability to successfully integrate acquired assets; the speculative nature of exploration and
development, including the risks of diminishing quantities or grades of reserves; stock market volatility;
conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company;
litigation risk; 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.