Tarachi to Mobilize Second Diamond Drill
TARACHI GOLD CORP.
(CSE: TRG)
FOR IMMEDIATE RELEASE November 12, 2020
TARACHI TO MOBILIZE SECOND DIAMOND DRILL
Vancouver, British Columbia (November 12, 2020) – Tarachi Gold Corp. (CSE:TRG)
(“Tarachi” or the “Company”) Tarachi is pleased to announce that the Company will mobilize a
man portable diamond drill to commence drill testing known high-grade gold bearing structures
on the San Javier Concession. The HQ diamond drilling program will focus along a north-west
trending shear structure where holes SJA-14-002/004 encountered high-grade gold values. These
holes are approximately 100 metres apart with no other drilling completed between or down-dip.
Significant Historical Drilling Results at San Javier Concession:
Hole Number Gold (g/tonne) Core Length (m)
SJA14-002 34.5 5.0
SJA14-004 24.3 3.0
(True width of the gold mineralization is not known)
Highlights
• Shear zone gold mineralization at San Javier remains open along strike and to depth and
may widen with depth.
• Mineralization is hosted within andesitic volcanics with an intrusive immediately adjacent.
• During this summer and from previous work there is possible mineralization under cover
over hundreds of meters to the south along the projected shear zone trend as suggested by
altered float.
Tarachi President and CEO, Lorne Warner stated “We are excited to start our first phase of drilling
soon at San Javier with nine proposed holes for a total of 864 metres, once completed the style
and structural controls to mineralization will become better understood and further drilling will
be proposed.”
Figure 1: Tarachi North Area. San Javier – Mineralization host in sheared, brecciated and
altered volcanics and mineralization open along strike and to depth.
Figure 2: San Javier – Geology and Structures. Concession is associated with sub-vertical
hydrothermal breccias hosted in quartz-monzonite intrusives. Primary target is shear zone tested
by holes SJA-14-03 and SJA-14-04. These holes cut the north-west trending shear zone. Possible
mineralization under cover over hundreds of meters to the southwest as suggested by altered
surface float.
La Dura Underground Drilling Program.
Drilling continues at the historical La Dura underground mine located approximately 6 kilometres
west of the Mulatos mine. Samples from 2 drill holes are now currently at the laboratory with assay
results for both holes anticipated within the next 1-2 weeks.
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 meaning 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. 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 incor rect. 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, 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: 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 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.