Tasca to Purchase 100 Percent of Max Resource’s Gachala Project

Tasca Resources (TSXV:TAC) has announced it has signed a non-binding letter of intent with Max Resource Corp. to purchase a 100 percent interest in seven mineral licence applications comprising the North block of Max’s Gachala copper project 60 kilometres east of Bogota, Colombia.

The North block consists of seven mineral licence applications covering 48 line kilometres of the Devonian and Permian/Cretaceous contact believed to be highly prospective for sedimentary copper deposits.

CEO of Tasca, Clive Massey said:

“I am extremely bullish on the future price of copper. When Max Resource Corp.’s gold discovery in Choco unexpectedly made the Gachala project available I felt Tasca had to pounce on the opportunity. We are planning to implement an aggressive exploration programme for this year and are very fortunate to have Brett Matich, Max’s President and CEO prepared to assist our technical team, as both the team and Mr. Matich are convinced a concentrated exploration effort in the under explored Gachala region has the potential to define the world’s next copper frontier.”

Click here to read the full Tasca Resources (TSXV:TAC) press release.