Business
Tarachi Gold Drills 6.91 G/t Gold Over 63.40 Metres Including 33.66 G/t Gold Over 5.60 Metres at Historic la Dura Mine in Sonora, Mexico
VANCOUVER, BC, May 6, 2021 /CNW/ - Tarachi Gold Corp. (CSE: TRG) (OTCQB: TRGGF) (Frankfurt: 4RZ) ("Tarachi" or the "Company") is pleased to announce additional
About this update from Tarachi Gold Corp.
[{"type":"text","content":" VANCOUVER, BC, May 6, 2021 /CNW/ - Tarachi Gold Corp. (CSE: TRG) (OTCQB: TRGGF) (Frankfurt: 4RZ) (\"Tarachi\" or the \"Company\") is pleased to announce additional assay results from underground diamond drill holes JAB-20-08, JAB-21-09 and JAB-21-10 completed at the historic La Dura mine on the Company's Jabali concession. The underground La Dura drill program tested the down-dip and potential plunge orientation to the area of known gold bearing structures (Figure 1). Table # 1 highlights areas with significant gold concentrations contained in the three underground drill holes and Table # 2 provides the drill hole orientations. Table # 1 Hole ID From To Core Length* Gold (m) (m) (m) (g/tonne) JAB-21-008 0.00 3.00 3.00 2.24 71.15 82.85 11.70 2.48 JAB-21-009 0.00 63.40 63.40 6.91 Including 5.70 15.00 9.30 17.42 And 18.80 32.70 13.90 17.37 Including 21.70 27.30 5.60 33.66 JAB-21-010 0.00 42.00 42.00 1.79 Including 23.60 27.00 3.40 8.00 90.60 94.50 3.90 0.73 *Assay results are in core length; true width is unknown at this time. Tarachi VP of Exploration and Director, Lorne Warner, commented: \"These results exceeded our expectations and confirm the continuation of gold mineralization down-dip towards the east. For an area containing historic underground mining, there has been little to no known drill testing of the down-dip and strike potential of this occurrence. We remain excited to continue unlocking the potential at Jabali and eagerly await the results of the surface RC holes that were recently completed south of the La Dura mine.\" Table # 2 Hole ID Azimuth Dip Length (Degrees) (Degrees) (m) JAB-21-08 180 -30 121.50 JAB-21-09 120 -30 137.00 JAB-21-10 090 -30 124.80 Based on the drilling and mapping done to date, the Tarachi geology team believes the gold is hosted in a 10-20m thick panel of heavily silicified rhyodacite striking roughly north-south, dipping to the east at an approximate angle of 30o and plunging to the south at 25o. Higher grade gold mineralization is suspected to be concentrated within this panel in vertical zones or shoots running east-west. Hole JAB-21-09, which was drilled to the southeast, shows evidence of this with its multiple higher-grade subintervals including more than an ounce per tonne of gold over 5.6m. The results from drill hole JAB-21-09 are very similar i...