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Tarachi Announces Drill Results from San Javier Concession in Sonora, Mexico

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Tarachi Announces Drill Results from San Javier Concession in Sonora, Mexico

 

 

 

 

 

Tarachi Announces Drill Results from San Javier Concession in Sonora, Mexico

 

 

Highlights:

  • 0.454g/t Au over 52m in hole SJA-21-014 on the San Javier concession including 4.11g/t Au over 1.5m.

 

Tarachi Gold Corp. (CSE: TRG) (OTCQB: TRGGF) (Frankfurt: 4RZ)  is pleased to announce drill results from its recently completed Phase 2 drill program on the Company’s San Javier concession in Sonora, Mexico.

 

On July 13, 2021, the Company completed its Phase 2 drilling program consisting of five diamond drill holes SJA-21-010 to SJA-21-014 totaling 1577.50 metres on the San Javier Concession in Sonora, Mexico. The purpose of the program was to follow up on positive results from the 2020 drill program and determine the extent of the intrusion breccia mineralization at depth and along strike. Significant drill intercepts are displayed in Table 2 and include 0.454g/t Au over 52m in hole SJA-21-014.

 

HOLE ID UTM
(East)
UTM
(North)
Elevation
(m)
Azimuth
(Degrees)
Dip
(Degrees)
Length
(m)
SJA-21-010 693950 3185181 1680 40 -75 331
SJA-21-011 693923 3185253 1667 40 -70 373.5
SJA-21-012 693870 3185187 1684 40 -70 351
SJA-21-013 693885 3185097 1680 40 -70 351
SJA-21-014 693988 3185235 1676 40 -60 171

 

Table 1 – Drill Hole Coordinates

 

Drill Hole From (m) To (m) Interval (m) Gold (g/t)
SJA-21-010 173.25 173.8 0.55 1.655
180.5 183 2.5 0.508
198 223 25.0 0.278
SJA-21-011 89 105 16.0 0.287
125 142 17.0 0.218
SJA-21-012 265 292.5 27.5 0.251
SJA-21-013 297 298 1.0 1.5
323 332.5 9.5 0.715
Incl. 328 332.5 4.5 1.316
SJA-21-014 98 150 52.0 0.454
Incl. 98 110 12.0 1.01
Incl. 99.5 101 1.5 4.11
and 141 150 9.0 0.694

 

Table 2 – Significant intercepts from Phase 2 drilling at San Javier

 

Figure 2 displays the extent of known gold mineralization and outlines the extent of anomalous bismuth, tellurium and selenium indicating the extent of the hydrothermal system at San Javier.

 

Lorne Warner, Tarachi VP of Exploration commented: “Tarachi’s geological team had anticipated the diamond drilling would locate an extensive hydrothermal system after review of our previous drilling program and the system remains open along strike. Regionally these hydrothermal systems which are related to porphyry type deposits and breccia pipes are known to occur in the area.”

 

Tarachi CEO, Cameron Tymstra, added: “While we did not encounter the higher-grades at depth that were found in the shallower parts of the system during the 2020 drill campaign, the broader intercepts from this campaign are more akin to Agnico’s nearby Tarachi porphyry deposit which is reported to consist of indicated resources of 22.6Mt at 0.40g/t Au and inferred resources of 6.47Mt at 0.33g/t Au (from Agnico Eagle’s December 2020 Reserves and Resources Table).” Tarachi’s qualified person has been unable to verify Agnico’s information and the information is not necessarily indicative of the mineralization on the property.

 

Quality Assurance/Quality Control – Diamond Drill Core

 

Core samples will be 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 will be submitted into each bag before being sealed and stored at the campsite in a secure area and 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 by 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 will be 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 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.

 

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 has also acquired the Magistral Mill and tailings project in Durango, Mexico. Magistral includes a 1,000 tpd mill and access to a tailings resource (non-compliant with NI 43-101) estimated to contain 1.3Mt at 2.05g/t Au which the Company expects to bring into production in 2022.

 

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.

 

 


Map of San Javier Drill Holes (CNW Group/Tarachi Gold Corp.)

 

 


Displays the extent of known gold mineralization and outlines the extent of anomalous bismuth, tellurium and selenium indicating the extent of the hydrothermal system at San Javier. San Javier Cross Section showing >0.1g/t Au Intercepts (left) and Bi/Te/Se Anomalies (right) (CNW Group/Tarachi Gold Corp.)

 

 


Displays the extent of known gold mineralization and outlines the extent of anomalous bismuth, tellurium and selenium indicating the extent of the hydrothermal system at San Javier. San Javier Cross Section showing Bi/Te/Se Anomalies (CNW Group/Tarachi Gold Corp.)

 

Posted September 21, 2021

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