TSX-V: TCC

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Tim, Yukon, Canada

The Tim property consists of 288 mineral claims located 72 km west of Watson Lake, Yukon and 12 km northeast of the Silvertip deposit. The property is accessible by road year-round.

The Tim property claims cover an area of anomalous silver-lead-zinc in soil geochemistry that is coincident with an IP geophysical anomaly. Trenching in 1988 by Cordilleran Engineering uncovered silver, lead, zinc bearing iron and manganese oxides over widths of up to 30 m over a strike length of 1 km.

Tarsis believes the property has the potential to host a carbonate replacement - manto style deposit, similar in nature to the nearby Silvertip/Midway deposit, owned by Silvercorp Metals Inc. The Silvertip/Midway deposit has a NI 43-101 compliant resource of:

Classification Tonnes Silver Oz Lead t Zinc t Silver Eq.
Indicated
1,976,664
25,263,518
151,215
204,585
58,779,927
Inferred
357,713
4,747,390
26,828
39,527
10,878,617


Source: Silvercorp website.

At Tim, trench chip samples returned 352.4 g/t silver, 9.12% lead over 4 m and two grab samples taken from another trench returned assays of 1248.1 g/t silver and 49.5% lead and 978.7 g/t silver and 32% lead respectively.