Tarachi Drills 5.05 G/T GOLD over 20.75 Metres and Discovers Additional GOLD Zone at Historic LA Dura MINE IN Sonora, Mexico
TARACHI GOLD CORP.
(CSE: TRG)
FOR IMMEDIATE RELEASE December 3, 2020
TARACHI DRILLS 5.05 G/T GOLD OVER 20.75 METRES AND
DISCOVERS ADDITIONAL GOLD ZONE AT HISTORIC LA DURA
MINE IN SONORA, MEXICO
Vancouver, British Columbia (December 3, 2020) – Tarachi Gold Corp. (CSE: TRG)
(PINK: TRGGF) (Frankfurt: 4RZ) (“Tarachi” or the “Company”) is pleased to announce
additional assay results from underground diamond drill hole JAB-20-06, completed at the
historic La Dura mine on the Company’s Jabali concession. The underground La Dura drill
program will continue testing the down-dip and potential plunge orientation to the area of known
gold bearing structures and potential new zones.
Tarachi’s Vice President of Exploration, Lorne Warner stated “Drill hole JAB-20-06 is very
exciting in that it continues to define the known Main Gold Zone but also encountered new gold
mineralized structures beneath the Main Zone from the La Dura historic mine area. Currently,
the Company has two diamond drill rigs turning, one at the La Dura historic mine and the other
at the San Javier shear zone. At San Javier four drill holes have been completed with the
discovery of replacement style massive sulphides encountered over several metres in one of these
holes.”
Table # 1: Diamond Drill Hole Composites
Hole ID From To Core Length Gold
(m) (m) (m) (g/tonne)
JAB-20-06 2.25 10.25 8.0 3.95
including 22.25 43.00 20.75 5.05
27.65 33.75 6.10 14.50
New Zone L1 51.50 56.00 4.50 0.84
New Zone L2 74.00 82.50 8.50 2.22
*Assay results are in core length; true width is unknown.
Drill results at La Dura are indicating the gold zones are trending approximately north-south with
a gentle apparent south dip as shown on Figure # 2. Detailed mapping within the Main Zone
from the underground workings shows a series of steeply south dipping, east-west striking
crackle brecciated quartz veins contained within the zone. In order to further understand the
nature of the mineralization, the Company will look to drill test to the south with inclined holes
in order to properly test the Main Gold Zone and any other potential new zones.
Table # 2 – Drill hole orientations and length of hole
Hole ID Azimuth Dip Length
(Degrees) (Degrees) (m)
JAB-20-03 15 -48 91.1
JAB-20-04 30 -48 128.7
JAB-20-05 30 -30 99.6
JAB-20-06 150 -30 110.0
Figure # 1 is a plan view on the drill holes completed to date with assay results.
Figure # 1
Figure # 2 – La Dura Cross-Section
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 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 metalli c fire assay with duplicate minus fraction analyzed. Both
Hermosillo and Vancouver BVM facilities are ISO 9001 and ISO/IEC 17025 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.
Tarachi Project Descriptions
The Tarachi Projects (the “Projects”) consist of the San Javier, Pretoria, Chivitas, Jabali, Juliana,
Texana and Tarachi concessions for at total of 2,560 hectares in the prolific Mulatos gold belt.
The Projects are approximately 220 km by air east of the City of Hermosillo, and 300 km south
of the border between the United States of America and Mexico. The Jabali claim covers the La
Dura historic mine and several other small-scale mines. The gold mineralization and geology at
Jabali is believed to be similar in character to the gold mineralization at the Mulatos mine.
Alamos Gold Inc., in a 2003 annual report, identifies the Jabali project as being part of the "Los
Bajios" mineralized trend which the report suggests has the potential to host another Mulatos
size resource. The Projects are an early stage exploration project and the mineralization hosted
on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the
Company’s property.
The Mulatos gold trend is part of the Sierra Madre gold and silver belt that also hosts the
operating Mulatos gold mine immediately southeast of the La India property and the Pinos Altos
mine and the Creston Mascota deposit 70 kilometres to the southeast. Mineralization occurs
within silicified rhyodacite and is associated with vuggy silica alteration, and breccia with iron
oxide (hematite and specularite). Native gold occurs along late-stage fracture coatings in the
breccias and is locally associated with barite. Past exploration has returned values from trace to
30g/t Au in grab samples. Native gold has also been identified in outcrop on the southe rn
extension of the La Dura mine trend.
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:
Richard Graham Corporate Communications
Tel: (604) 358-3403
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 appli cable
Canadian securities laws. When used in this news release, the words “anticipate”, “belie ve”, “estimate”,
“expect”, “target”, “plan”, “forecast”, “may”, “would”, “could”, “schedule” and similar words or expressions,
identify forward‐looking statements or information. Forward-looking statements include, but are not limited to,
statements with respect to: the terms and conditions of the proposed Acquisition; and the business and
operations of the Company after the proposed Acquisition.
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; 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, per formance 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: satisfaction or waiver of all applicable conditions to closing fluctuations in general macro‐economic
conditions; fluctuations in securities markets and the market price of Tarachi’s common shares; 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 cau se 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.