Tarachi GOLD Corp Announces Start of Field Program.
TARACHI GOLD CORP.
(CSE: TRG)
FOR IMMEDIATE RELEASE June 25, 2020
TARACHI GOLD CORP ANNOUNCES START OF FIELD PROGRAM.
Vancouver, British Columbia (June 25, 2020) – Tarachi Gold Corp. (CSE: TRG) (“Tarachi” or the
“Company”) is pleased to announce that field work has commenced on the Company’s group of mining
concessions known as the Tarachi project (“Tarachi”, or “the Project”) located in the Sierra Madre Gold
Belt of Eastern Sonora, Mexico. The Company’s projects all lie with in an established gold producing
region, bordering Alamos’ Mulatos mine and Agnico Eagle’s La India mine. Tarachi’s land package is
contained within in the prolific Sierra Madre Gold Belt.
Tarachi’s geological crews have begun an approximate two-week field program of detailed geological
mapping and rock sampling of know n mineral occurrences to verify historical work programs. The
historical work reviewed by a qualified person includes data containing surface rock sampling, drill logs
and assay certificates but has not been personally inspected or sampled due to travel restrictions from
Covid-19. Historical work including drilling has encountered gold grades over lengths such as:
o 34.5 g/t Au over 5.0 metres
o 24.3 g/t Au over 3.0 metres
o 110.0 g/t Au over 1.32 metres
Tarachi will also undertake both social and environmental studies during the fieldwork program in order
to apply for drilling permits. The Company is planning to immediately commence a n HQ diamond
drilling program thi s summer once all permits a re in place. Details of the proposed diamond drilling
program will be released soon after the completion of this program.
Project Descriptions
The Projects consist of the San Javier, Pretoria, Chivitas, Jabali, Juliana, Texana and Tarachi concessions
for a total of 2,560 hectares in the prolific Mulatos gold belt. The Project s 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 h istoric 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 20 03 annual report identifies the Jabali project a s being part
of the "Los Bajios" mineralized trend which the report suggests has the potential to host another Mulatos
size resource. The Tarachi project is an early stage exploration project and the minerali zation 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 i mmediately southeast of the La India property an d 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 so uthern extension of the La
Dura mine trend.
Qualified Person
Lorne Warner, P.Geo, President, CEO 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:
Lorne Warner, CEO
Tel: (250) 574-5767
Email: [email protected]
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release includes certain “Forward‐Look ing Statements” within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and “forward‐looking information” unde r
applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”,
“estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “would”, “could”, “schedule” and similar words
or expressions, identify forward‐looking sta tements or information. These forward‐looking statements or
information relate to, among other things: the exploration and development of the Project; future mineral
exploration, development and production including the identification of a work 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 re asonable assumptions, estimates,
expectations, analyses and opinions, which are based on man agement’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 o f 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 unk nown, could cause act ual results,
performance or achievements to be materially different from the results, perfor mance 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 limit ation: 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 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 n ot assume any
obligation, to update these fo rward‐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.