Business
Tarachi Gold Provides Review of 2020 and Outlook for 2021
VANCOUVER, BC, Jan. 12, 2021 /CNW/ - Tarachi Gold Corp. (CSE: TRG) (PINK: TRGGF) (Frankfurt: 4RZ) ("Tarachi" or the "Company") is pleased to provide shareholder
About this update from Tarachi Gold Corp.
[{"type":"text","content":" VANCOUVER, BC, Jan. 12, 2021 /CNW/ - Tarachi Gold Corp. (CSE: TRG) (PINK: TRGGF) (Frankfurt: 4RZ) (\"Tarachi\" or the \"Company\") is pleased to provide shareholders with a recap of 2020 and outlook for what is to come in 2021. Cameron Tymstra, President and CEO of Tarachi Gold, commented, \"This past year was one of foundation building for Tarachi. The Company secured two option agreements totalling 3,708 ha of highly prospective gold claims in the Sierra Madre belt of Sonora, Mexico and signed a letter of intent for the Magistral Mill and tailings with potential to transform the Company into a near term producer of gold. We raised significant capital to advance our projects and installed an experienced executive team to manage them. With our new solid foundation, 2021 is lining up to be an exciting year for the Company with many milestones on the horizon.\" Review of 2020 Accomplishments Corporate Successfully closed two private placements totalling more than CAD$11 million, ensuring the Company is well financed to continue exploring on the Tarachi claims, advancing Magistral and pursuing additional projects in Mexico. Appointed a new cohort of experienced executives to the team including a new Chairman, CEO, CFO and VP of Exploration in December of 2020. Established strong relationships with business partners in Mexico, exposing Tarachi to new opportunities and enabling the Company to develop projects effectively. Projects Tarachi Concessions Signed two option agreements for the Tarachi Claims giving the Company access to 3,708 ha of highly prospective land in Sonora, Mexico. The claims are in the famous Sierra Madre gold belt proximal to Alamos Gold's Mulatos Mine and Agnico Eagle's Tarachi Deposit. The Company's exploration team conducted field work on both the North and South blocks of claims at Tarachi, identifying numerous high priority drill targets. Initiated a 5,000m drill program, completing 1,711.2 m before the end of the year. Encountered consistent gold values over considerable drill intervals at Tarachi South including 5.05 g/t Au over 20.75m and 4.54g/t Au over 21.0 meters from the underground workings of the La Dura Mine where underground channel sampling also returned 6.34g/t Au over 62.55m. Assays are still pending for ten drill holes completed in December. Magistral Plant and Tailings Signed a let...