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COMPLETES PRINCETON GOLD PROPERTY AIRBORNE GEOPHYSICS AND REPORTS 66.2 g/t GOLD

 

Airborne Survey images

 

Tasca Resources Ltd. (TAC.V) has completed an airborne survey of its entire 14,650-hectare Princeton gold property. The survey was funded by joint venture partner Canarc Resource Corp. 

Tasca acquired the Princeton Gold Property in September 2016 to further explore 2010 and 2011 discoveries, where float grab and in-place quartz rock sampling documented 25 of 37 samples returning gold values in excess of 1,000 parts per billion with 13 of the 25 samples returning gold values in excess of 10,000 ppb gold, or 10 grams per tonne, to a maximum of 66,237 ppb or 66.2 grams per tonne gold.

Tasca subsequently completed a fall 2018 excavator trenching program tracing the 2010 and 2011 in place quartz veining and boulder over 120 metres along strike. Highlights from the program include:

  • The most significant result from this program is a quartz vein assaying 217 grams per tonne gold over 0.9 metre.A second sample three metres along the vein ran 99.7 g/t gold also over 0.9 metre.
  • Two angular quartz float samples assayed 115.5 g/t gold and 108.5 g/t Au.
  • The 2018 trenching program combined with the 2011 surface program has resulted in the collection of 53 in-place or angular quartz vein samples.Thirty-eight of the samples exceeded one g/t gold, with 24 of the 38 exceeding 10 g/t gold to a maximum of 217 g/t gold.
  • The zone was traced over 120 metres; overburden exceeded the six-metre reach of the excavator.

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

Tasca Resources Ltd. (TAC: TSX-V; FWB: 3TA) is a Canadian-based mineral exploration company focused on the acquisition, exploration and development of mineral properties.Our objective is to build shareholder value through exploration and potential development or acquisition of existing projects with significant up-side.

 www.tascaresources.com