Tarachi GOLD Corp. Update ON Field Program.
TARACHI GOLD CORP.
(CSE: TRG)
FOR IMMEDIATE RELEASE July 9, 2020
TARACHI GOLD CORP. UPDATE ON FIELD PROGRAM.
Vancouver, British Columbia (July 9, 2020) – Tarachi Gold Corp . (CSE: TRG) (“Tarachi” or the
“Company”) is pleased to announce an update on field work activities on the Company’s group of
mining concessions known as the Tarachi project (“Tarachi Project”) located in the Sierra Madre Gold
Belt of Eastern Sonora, Mexico. The C ompany’s projects all lie within 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.
Detailed mapping and sampling on the La Dura and Virginia areas of the southern Jabali concession is
near completion. At La Dura the detailed underground sampling was completed, 91 samples were
submitted to BV Laboratory in Hermosillo on July 3rd gold results are expected to take 7-10 days.
Preliminary field work on the northern concessions of San Javier, Pretoria and Chivitas was also
conducted Tarachi geologists have discovered porphyry style mineralization in outcrop on the Pretoria
concession and are continuing to conduct detailed geological mapping and sampling of the porphyry
mineralization.
Location Map of Tarachi Gold Corp Concessions
Regarding the drill permitting process , access to the main areas of the northern concessions has been
secured; the terms for permission to drill are sti ll to be d etermined. Two environmental applications, one
for the northern and another for the southern concession groups are now ready for submission ready. The
Company is planning to immediately commence an HQ diamond drilling program this summer once all
permits are in place. Details of the proposed diamond drilling program will be released soon after the
completion of this program.
In addition, the Company has engaged Commodity-TV and Rohstoff -TV (C&R-TV) for an initial three -
month period to assist with the Company’s investor relations activities. Pursuant to the agreement, the
Company will pay C&R-TV €22,900, plus expenses. C&R-TV is based in Switzerland and will introduce
the Company to its European investor network by recording, translating, broadcasting and disseminating
on its digital platform’s news, articles, interviews and webinars.
Tarachi Project Descriptions
The Tarachi Project consist of the San Javier, Pretoria, Chivitas, Jabali, Juliana, Texana and concessions
for a total of 2, 560 hectares in the p rolific Mulatos gold belt. The Tarachi Project is 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 a nd several other s mall-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 o f 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
mineralization hosted on adjacent and/or nearby properties is not nec essarily 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 pro perty and the Pinos Al tos 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 southern 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‐Looking Statements ” within the meanin g of the United
States Private Securities Litigation Reform Act of 1995 and “forward‐looking information” under
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 statements 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 a nd 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 expe rience and percepti on 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 oth er things, the pric e 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 si gnificant 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 achie vements
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, witho ut limitation: satisfa ction 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 captio n “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.