TRIPLES PRINCETON GOLD PROPERTY LAND PACKAGE TO 14,650 HECTARES
Tasca Resources Ltd. (TAC.V) has completed a staking program of 10,637 hectares completely surrounding and expanding the size of the previously existing acreage of the New Princeton gold discovery area to 14,650 hectares. Tasca's management and technical team feel the company's recent gold discovery from the bedrock trenching merits this significant expansion of the Tasca landholdings in the Princeton area.
As detailed in its Nov. 15, 2018, news release, Tasca announced a new gold discovery at its Princeton gold property. A total of 51 bedrock samples and five float samples were taken and submitted to the ALS Minerals Laboratory in North Vancouver, B.C., for AuME TL-43 analysis with an upper limit of one gram per tonne gold. Seventeen of the 56 samples returned value in excess of one g/t gold and had to be analyzed with procedure Au-AROR43 with an upper limit of 100 g/t gold. Three samples returned values in excess of 100 g/t gold, with a fourth sample reporting at 100 g/t gold. Tasca is awaiting a further analysis on the four samples.
"Tasca has made an important new gold discovery and we want to make sure Tasca's shareholders are fully positioned to best leverage their investment with this new discovery," said chief executive officer Clive Massey. "Our land acquisition assures our shareholders Tasca will direct sufficient resources to moving the Princeton gold project forward."
Princeton gold property
The Princeton gold property lies 35 kilometres south of Princeton, B.C., and 11 kilometres south of the producing Copper Mountain copper mine. The road-accessible, 4,013-hectare property is fully permitted for 50 trenching sites and 10 drilling sites.
The Area 2 samples were collected from three separate locations consisting of angular float, subcrop or outcrop of rusty weathered, limonite stained quartz with trace to 5 per cent very fine grained disseminated pyrite. Several of the samples exhibit remnant vugs or cellular boxwork structure.
A 2011 grid soil sampling survey indicates Area 2 hosts multiple, linear, parallel gold-in-soil anomalies with the strongest anomaly striking a minimum of 500 metres to a maximum of 650 metres in a northwestern direction.
The Princeton gold property is underlain by both Eocene Princeton group volcanics and Triassic Jurassic Nicola group volcanics. While there is little historical evidence of mineral discoveries in the Princeton group volcanics, recent mapping by the British Columbia Geological Survey and by Tasca geologists suggests the quartz vein mineralization is hosted or intimately related to the Princeton volcanics.
About Tasca Resources Ltd.
Tasca Resources is a Canadian-based mineral exploration company focused on the acquisition, exploration and development of mineral properties.