Tarachi Drilling Returns 5.39 G/T GOLD over 5.6 Meters and Discovers Mineralized Breccia Pipe at San Javier Concession IN Sonora, Mexico
(CSE: TRG)
FOR IMMEDIATE RELEASE February 16, 2021
TARACHI DRILLING RETURNS 5.39 G/T GOLD OVER 5.6 METERS
AND DISCOVERS MINERALIZED BRECCIA PIPE AT SAN JAVIER
CONCESSION IN SONORA, MEXICO
Vancouver, British Columbia (February 16, 2021) – Tarachi Gold Corp. (CSE: TRG)
(PINK: TRGGF) (Frankfurt: 4RZ) (“Tarachi” or the “Company”) is pleased to announce
assay results as shown in Table #1 from the first nine diamond drill holes completed on the San
Javier Concession (“San Javier”) for a total of 1066.3 metres. Table #1 outlines any significant
gold values and Table #2 provides the drill hole locations and orientations.
From November to December 2020, diamond drilling at San Javier focused on areas with known
gold mineralization from previous drill programs. The gold mineralization was previously thought
to be concentrated along a low angle, west dipping shear zone within mainly monzo-diorites.
Drilling at San Javier discovered the gold mineralization is more favo urable along steeper
structures as was found in holes SJA-20-005/006, which returned values of 11.9 g/t Au over 2.0m
and 5.39 g/t Au over 5.6m, respectively. In both intercepts, the gold mineralization is situated
along open brittle structures containing over 20 percent sulphides, mainly pyrite with minor quartz
veining/veinlets. In both drill holes, a large breccia pipe feature occurred immediately east of these
intercepts consisting of angular breccia fragments cemented with 20-30 percent, fine to coarse
grained anhedral to euhedral pyrite.
Geologists at the Company have determined the breccia environment to be shingle breccias
indicating the drillholes tested only the upper and typically lower grade portion of the pipe. Figure
#1 is a plan view of the drill collar locations and hole orientations and provides an interpretation
of the geological setting. Figure #2 provides the interpreted geological model of a breccia pipe and
contains a picture of Tarachi’s drill core for comparison.
Tarachi President and CEO, Cameron Tymstra stated: “We are very pleased with the results from
our inaugural drill program at San Javier. While previously thought to be controlled by low angle
structures, our new drill results suggest that the high-grade gold is associated with higher-angled
structures in close proximity to what we believe is a heavily mineralized breccia pipe system seen
in the drill core.
With intervals of 11.9g/t Au over 2m and 5.39g/t Au over 5.6m, including a 1m subinterval of
15.7g/t Au all within about 100m of surface, we are eager to follow up with additional drilling
targeting the potential deeper extension of these structures. These are the first holes that Tarachi
has drilled on our northern concession blocks and we feel like we have only just scratched the
surface of our 3,708ha land package.”
Table # 1: Diamond Drill Hole Assay Composites
Drill Hole From To Length Assay
(m) (m) (m) (g/tonne Au)
SJA-20-001 36.0 39.0 3.0 1.58
SJA-20-002 16.0 17.0 1.0 1.80
23.0 24.0 1.0 6.08
SJA-20-003 39.6 54.0 14.4 0.21
SJA-20-004 34.0 43.0 9.0 0.61
56.0 60.0 4.0 0.86
126.4 129.0 2.6 1.52
SJA-20-005 62.5 64.5 2.0 11.90
including 62.5 63.5 1.0 21.10
105.3 117.3 12.0 0.63
SJA-20-006 101.0 106.6 5.6 5.39
including 101.0 102.0 1.0 15.70
SJA-20-007 88.0 105.0 17.0 0.62
SJA-20-008 NSV
SJA-20-009 NSV
*Assay results are in core length; true width is unknown.
Table # 2 – Drill hole orientations
Drill Hole UTM mE UTM mN Azimuth Dip EOH
(Degrees) (Degrees) (M)
SJA-20-001 693978.8 3185332.0 40 -50 48.05
SJA-20-002 693978.8 3185331.0 40 -70 54.35
SJA-20-003 693978.8 3185330.0 40 -90 69.85
SJA-20-004 693978.8 3185330.0 90 -50 141.00
SJA-20-005 693978.8 3185330.0 90 -70 171.25
SJA-20-006 694005.0 3185253.0 40 -50 170.45
SJA-20-007 694005.0 3185253.0 40 -70 150.15
SJA-20-008 694050.0 3185179.0 40 -70 102.15
SJA-20-009 693924.0 3185349.0 130 -60 159.00
Total 1066.30
Figure # 1 – Location Map of Diamond Drill Holes and Geological Interpretation
Figure # 2- Doug Kirwin, 2017 Model on Breccia Pipes with December 2020 Tarachi Drill Core.
Jabali Concession – Historic La Dura Mine Underground Drilling Program
Hole JAB-20-007 was completed on an azimuth of 150 degrees, dipping -15 degrees for a distance
of 159.95m. The purpose of the drill hole was to test the potential southern plunge to the gold zone.
High-grade gold mineralization was not encountered however, extensive quartz brecciation and
alteration occurred throughout most of the drill hole. Drilling will now focus on determining the
limits to the eastern plunge of the gold zone. Table # 3 outlines the gold assay results from drill
hole JAB-20-07.
Table # 3 Diamond Drill Hole Assay Composites.
Hole ID From To Core Length Gold
(m) (m) (m) (g/tonne)
JAB-20-07 0.00 10.6 10.6 1.9
16.70 22.80 6.10 0.76
29.9 44.15 14.25 0.60
*Assay results are in core length; true width is unknown.
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; 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 17025 accr edited.
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.
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 Madre 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 Company 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]
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