Tarsis Resources Ltd. (TSXV:TCC) provided an update on its continued exploration at the Yago project in Mexico. Yago features gold and silver mineralization within a low-sulphidation epithermal environment, with the project hosting three significant centers of mineralization within a 15 by 15 km area. Tarsis follows a prospect generator business model and is carrying out this exploration with the intention to upgrade the project as part of its efforts to attract an option partner.
As quoted in the press release:
Preliminary mapping and sampling has been carried out along the La Tejona Trend, over approximately 1,600 m, primarily focusing on historically documented outcrops with little to no recorded sample data. In general, most textures observed are indicative of a high-level environment which is interpreted to represent excellent preservation of the epithermal system. Mapping and prospecting has identified at least four different structural orientations within the trend. The most common orientation strikes northeast to north-northeast with steep easterly dips. This orientation is similar to the vein zones at La Sarda, 7 km to the north where significant underground development was implemented intermittently between the early 1900’s and as recently as 2000.
Nexus Gold Corp. (TSXV:NXS) is currently drilling on the Walker Ridge Gold Project in Nevada - a multiple target, Carlin-type gold exploration property. They have recently submitted an expanded Plan to increase the current 8 pad plan to 29 drill pads.
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