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Recent News

2010

August 4
Silver Quest Confirms High Grade Gold and Copper at Prospector Mountain, Yukon

August 3
Grassroots Copper, Gold and Silver Discovery at White River, Yukon

July 30
Acquisition of Securities of Tarsis Resources Ltd.

July 26
Drilling Planned for Prospector Mountain

July 8
Yukon Exploration Update

June 28
Tarsis Appoints Mr. Adrian Fleming to the Board of Directors

May 25
Drilling Scheduled to Begin Early June at MOR

May 12
Tarsis Acquires Five New Gold Projects, Yukon

May 6
Tarsis Closes Additional Financing

April 15
Tarsis Closes $400,000 Financing

March 23
Tarsis Announces $500,000 Financing

March 4
Corporate Update and Plans for 2010

 2009

December 15
Tarsis Options Prospector Mountain to Silver Quest

November 17
Tarsis Clarifies Results From Prospector Mountain, Yukon

November 2
Tarsis Samples 82.2 g/t Gold, 5.97% Copper and 888 g/t Silver on Porphyry Target at Prospector Mountain, Yukon

October 21
Tarsis Announces Additional Assays From Prospector Mountain, Yukon

September 15
Tarsis Announces Exploration Program at MOR, Yukon

September 9
Tarsis Acquires Properties From Strategic Metals Ltd.

August 31
Tarsis Identifies New Gold-Copper-Silver Potential at Prospector Mountain, Yukon

August 6
Tarsis Explores Prospector Mountain, Yukon

July 7
Tarsis Closes $250,000 Financing

June 22
Tarsis Announces $250,000 Financing

June 17
Tarsis Shareholder Update and Change of Name

 2008

December 23
Tarsis Corporate Update

November 10
Tarsis Tags 13.55% Zinc and 29.88 g/t Silver Over 40.68 Metres

October 30
Tarsis Announces Results for MOR Prospect

August 28
Tarsis Announces Completion of Phase I Exploration at MOR and Goz Creek

July 22
Tarsis Announces New Zones at MOR, Additional Staking

July 7
Massive Zinc Mineralization at Goz Creek

June 25
Diamond Drilling Starts at Goz Creek

June 22
Tarsis Drills Massive Sulphide in Discovery Zone Extension at MOR

June 17
Tarsis Hits Massive Sulphide in New Zone at MOR

June 11
Tarsis Expands Discovery Horizon and Details Drill Plan at MOR

June 10
Tarsis Acquires Prospector Mountain Copper-Gold-Silver Property

June 5
Tarsis Announces Staking at Cabin Lake

May 28
Drilling Slated for mid-June at Goz Creek
More News ....

Goz Creek, Yukon, Canada


The Goz Creek property consists of 90 mineral claims located 180 km northeast of Mayo, Yukon.

The property covers an area of Lower Cambrian carbonate rocks that host Mississippi Valley Type (MVT) mineralization.

Diamond drilling in the 1970s defined a historic, non NI 43-101 resource of:

Tons
Zinc (%)
Zinc (lbs)
2,893,000
11.25
650,925,000

The exploration potential to expand the known mineralization is considered favourable.

The Corporation does not consider the historical estimates as current mineral resources. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources. The historical estimate should, therefore, not be relied upon.

2008 Exploration

"13.55% Zinc and 29.88 g/t Silver Over 40.68 Metres"

Diamond drilling has returned significant intercepts from Tarsis' wholly-owned Goz Creek property in Yukon including 27.91 metres grading 17.19% zinc and 39.67 grams silver per tonne and 27.50 metres grading 12.83% zinc and 10.91 grams silver per tonne.

“Individual core samples from the 2008 drill program yielded up to 62.05% zinc and 45.10 grams silver per tonne over 0.70 metres, while the broader mineralization further confirm the overall high-grade nature of the Goz Creek deposit,” said Marc Blythe, President and CEO. “Importantly, the results show favourable silver values and the drilling of the deeper sections indicate that the higher-grade mineralization is at least partially structurally controlled, which enhances the tonnage potential on the property.”

Other strongly mineralized intervals include:

37.67 metres grading 6.98% zinc, including 21.10 metres grading 10.32% zinc;

24.59 metres grading 5.73% zinc, including 17.49 metres grading 6.67% zinc; and

25.31 metres grading 7.00% zinc, including 2.96 metres grading 20.21% zinc and 17.35 grams silver per tonne.

Gallium and germanium response is subdued for most of the samples analysed, however, the highest grade zinc intervals are generally weakly to moderately elevated.  The best grades were obtained from hole GZ-08-58 which yielded a weighted average of 118.33 grams germanium per tonne and 19.06 grams gallium per tonne across 3.51 metres.    

The 7 hole, 772 metre diamond drill program tested down-dip and along strike from the known and historic resource at the Main Zone, which is 2,893,000 tons grading 11.25% zinc and containing 650,000,000 pounds of zinc metal. The historic resource is non-compliant with National Instrument 43-101, however it is considered material to the prospectivity of the Goz Creek project. A qualified person has not done sufficient work to qualify the historical estimate as current mineral resources and it should therefore not be relied upon.

Table I summarizes the significant intersections encountered from the 2008 diamond drill program.


Table I – Significant 2008 Intersections


Hole #

From (m)

To (m)

Interval (m)

Zn (%)

Ag (g/t)

 

 

 

 

 

 
GZ-08-56

 

 

 

 

 

No Significant Mineralization Observed – No Samples Collected
GZ-08-57

 

 

 

 

 

 

15.57

40.16

24.59

5.73

2.25
Including

22.67

40.16

17.49

6.67

2.99

Including

33.22

33.51

0.29

41.25

45.00

 

 

 

 

 

 
GZ-08-58

 

 

 

 

 

 

35.51

76.19

40.68

13.55

29.88
Including

48.28

76.19

27.91

17.19

39.67

Including

72.68

76.19

3.51

32.89

43.48

 

 

 

 

 

 

 

93.80

108.49

14.69

8.56

6.76

Including

93.80

98.90

5.10

21.93

14.19

 

 

 

 

 

 
GZ-08-59

 

 

 

 

 

 

68.1

78.1

10.00

1.89

0.62

Including

68.1

70.1

2.00

3.03

1.52

 

 

 

 

 

 
GZ-08-60

 

 

 

 

 

 

24.13

49.44

25.31

7.00

5.10

Including

26.13

30.88

4.75

14.00

11.45

Including

46.48

49.44

2.96

20.21

17.35

Including

48.74

49.44

0.70

62.05

45.10

 

 

 

 

 

 
GZ-08-61

 

 

 

 

 

 

25.54

53.04

27.50

12.83

10.91

Including

28.74

38.03

9.29

19.48

14.47

Including

37.01

38.03

1.02

43.20

7.06

 

 

 

 

 

 
GZ-08-62

 

 

 

 

 

 

61.11

98.78

37.67

6.98

3.06

Including

77.68

98.78

21.10

10.32

4.88

Including

96.02

96.55

0.53

32.74

15.80

 

 

 

 

 

 





































True thicknesses of all intersections are unknown at this time.

The Company is currently conducting detailed geological modelling of the 2008 results in conjunction with the historical results and working towards the completion of a NI 43-101 compliant resource estimate for the deposit.

The mineralization at Goz Creek is classified as Mississippi Valley Type (MVT) and is dominated by low iron sphalerite occurring in stratabound and discordant zones developed within a locally extensive dolostone unit. The highest grade material at the Main Zone is hosted within silica breccia believed to be associated with moderately to steeply dipping north north-easterly trending faults.  Trace to moderate amounts of finely disseminated pyrite are observed in some drill core and coarse-grained galena bearing outcrops are visible at various locations on the property peripheral to the Main Zone.


A photograph showing part of GZ-08-58. Yellow or green coloured sphalerite is referred to as honey sphalerite and can be seen in the photo. Manganese-rich red sphalerite can also be seen. Click the photo for a larger size.

Historical diamond drill intercepts feature spectacular thicknesses and grades with highlights reportedly including 29.9 metres of 33.75% Zinc and 49.4 metres of 22.92% Zinc. 

Detailed prospecting on the property identified a number of new high-grade showings, which Tarsis has added to its geological database.


Wireframing of the Main Zone at Goz Creek. Post mineralization faults are shown in grey, the high-grade breccia mineralization is shown in burgundy. Actual holes are shown in green with 2008 planned holes in red.


This view shows the high grade breccia in burgundy, with the low grade halo in yellow, the faults are not shown in this view.

History

The Goz Creek deposit was initially identified in 1973 and early work on the property included soil, rock and stream sediment sampling. In 1974, a 20 hole diamond drill program produced spectacularly high assay results and started a staking rush in the area. In 1975, a further 35 diamond drill holes were completed on the property. Zinc prices at the time were less than US$0.40 per pound.

Photos

Goz Creek, looking northeast
Goz Creek, looking northeast

Outcrop in the Goz Creek area
Outcrop in Goz Creek area

Part of the Goz Creek property
Part of the Goz Creek property

Honey Sphalerite in Silica Flood in the Main ore zone at Goz Creek
Honey Sphalerite in Silica Flood in the Main ore zone at Goz Creek

Honey Sphalerite - This sample recovered in 2007 was halved and assayed, with a recorded value of 49.4% Zinc.
Honey Sphalerite - This sample recovered in 2007 was halved and assayed, with a recorded value of 49.4% Zinc. Click for large size.

Galena - This sample recovered in 2007 was halved and assayed, with recorded values of 78.34% Lead and 434 g/t Silver.
Galena - This sample recovered in 2007 was halved and assayed, with recorded values of 78.34% Lead and 434 g/t Silver. Click for large size.

Walt Ridge seen from Goz Creek Ore Zone
Walt Ridge can be seen from the main ore zone on the Goz Creek Property. A strong geochemical anomaly measuring 2,000 meters by 500 meters remains untested on Walt Ridge. An 1,800 meter diamond drill program was recommended in 1976, however it was never carried out. Stratigraphy on Walt Ridge is similar to that seen in the Goz Creek deposit.

High grade section of historic drillhole BAF 75-46
High grade section of historic drillhole BAF 75-46 (169' - 178'), includes 6' @ 38.65% zinc

High grade section of historic drillhole BAF 75-46
High grade section of historic drillhole BAF 75-46, red sphalerite

High grade section of historic drillhole BAF 75-46
High grade section of historic drillhole BAF 75-46

Historic Diamond Drilling Assays


Click for larger map.

Note: Zinc grades below 3% have been omitted to enhance readability.

BAF 74-01

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

37

68

31

9.4

3.32

158

270

112

34.1

18.89

23

7.0

24.31

40

12.2

31.80

290
296
6
1.8
3.56

BAF 74-02

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

103
337

234

71.3

7.61

24

7.3

23.86

7

2.1

18.64

11

3.4

10.40

10

3.0

18.00

BAF 74-03

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

97
265
168

51.2

22.28

77

23.5

23.05

75

22.9

25.78

BAF 74-04

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

46
257
211

64.3

18.40

98

29.9

33.90

10

3.0

24.40

BAF 74-05

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

69
203
134

40.8

6.52

7

2.1

30.32

9

2.7

16.00

BAF 74-06

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

14
140
126

38.4

6.46

BAF 74-07

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

54
88
34

10.4

18.24

BAF 74-09

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

84
102
18

5.5

3.28

BAF 74-11

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

80
95
15

4.6

3.85

175

197
22

6.7

3.74

200

235

35

10.7

5.89

10

3.0

10.78

4

1.2

12.96

283

344
61

18.6

17.27
43
13.1
22.32

BAF 74-12

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

210
212
2

0.6

4.30

BAF 74-14

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

50
85
35

10.7

4.62

89

140
51

15.5

14.39

33

10.1

19.06

4

1.2

10.95

222
226
4
1.2
3.80
267
272
5
1.5
14.10

298

301

3

0.9

13.05

BAF 74-16

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

64
72
8

2.4

3.55

113

117
4

1.2

3.10

122

127

5

1.5

4.25

BAF 74-18

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

107
111
4

1.2

4.40

137

143
6

1.8

3.70

BAF 74-19

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

96
100
4

1.2

3.90

BAF 74-20

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

107
111
4

1.2

4.00

150

160
10

3.0

18.35

170

173

3

0.9

5.90

177

182

5

1.5

3.45

BAF 75-21

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

285
288
3

0.9

3.55

BAF 75-22

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

462
497
35

10.7

3.85

537

542
5

1.5

3.15

BAF 75-23

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

167
168
1

0.3

5.25

215

220
5

1.5

6.40

230

235

5

1.5

5.05

343

348

5

1.5

3.50

BAF 75-25

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

101
106
5

1.5

3.00

BAF 75-27

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

390
391.5
1.5

0.5

4.55

BAF 75-28

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

154
155
1

0.3

3.65

163

164
1

0.3

5.50

198

199

1

0.3

3.85

BAF 75-31

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

133
138
5

1.5

4.00

BAF 75-35

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

38
48
10

3.0

3.09

BAF 75-36

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

40
96
56

17.1

5.60

101

108
7

2.1

4.40

143

148

5

1.5

3.25

234

238

4

1.2

6.40

243

248

5

1.5

3.35

279

284
5

1.5

4.10

BAF 75-39

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

128
133
5

1.5

3.50

173

178
5

1.5

4.25

189

195

6

1.8

3.40

265

270

5

1.5

6.75

285

306

21

6.4

4.87

6

1.8

11.60

BAF 75-42

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

163
168
5

1.5

4.45

BAF 75-43

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

27
37
10

3.0

4.83

42

47
5

1.5

5.60

57

62

5

1.5

6.00

82

102

20

6.1

5.24

143

148

5

1.5

4.15

161

168
7

2.1

4.60

BAF 75-44

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

82
87
5

1.5

4.40

107

113
6

1.8

4.60

198

203

5

1.5

3.90

BAF 75-46

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

119
124
5

1.5

13.60

134

138
4

1.2

5.60

166

192

26

7.9

10.42

6

1.8

38.65

218
239.5
21.5
6.6
12.61

12.5

3.8

19.96
343
353
10
3.0
5.83
358
415
57
17.4
10.73
22
6.7
17.79
5
1.5
13.50

BAF 75-47

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

147
152
5

1.5

6.35

157

164
7

2.1

3.35

BAF 75-49

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

100
127
27

8.2

4.60

BAF 75-51

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

104
129
25

7.6

5.23

BAF 75-52

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

68
98
30

9.1

3.46

BAF 75-53

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

88
93
5

1.5

4.40

266

271
5

1.5

3.30

BAF 75-54

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

157
162
5

1.5

3.55

BAF 75-55

From(ft)

To(ft)

Interval(ft)

Interval(m)

Zn%

125
132
7

2.1

9.10

149

154
5

1.5

5.00