Business
Taurus Gold Provides Update on the Charlotte Gold-Silver Project, Yukon
Edmonton, Alberta--(Newsfile Corp. - October 17, 2022) - Taurus Gold Corp. (CSE: TAUR) ("Taurus" or the "Company") is pleased to provide an update on its flagsh
About this update from Taurus Gold Corp.
[{"type":"text","content":" Edmonton, Alberta--(Newsfile Corp. - October 17, 2022) - Taurus Gold Corp. (CSE: TAUR) (\"Taurus\" or the \"Company\") is pleased to provide an update on its flagship road-accessible Charlotte gold-silver property, located in the Dawson Range mining district, 60 km west of Carmacks, Yukon Territory, Canada. \"Firstly, we want to thank all shareholders who have supported the Company as we transitioned to a public company. Our access to the capital markets will help us advance the development of the Charlotte property,\" stated Trevor Harding, CEO. \"Our fieldwork and ongoing analysis of the comprehensive historical database has validated the significant exploration upside on the Charlotte property, confirming and expanding on some $9.6 million in historical field program expenditures undertaken on the property since 2006.\" The Company is in the process of commissioning the first modern resource estimate to be completed on the Charlotte property and will provide details in due course. Results from the resource estimate work and integration into the extensive exploration database for the Charlotte property will enable the Company to quickly and cost-effectively prioritize exploration on known precious metal vein systems and target new discoveries in less explored areas. The Charlotte property is host to several mineralized zones of interest including the Huestis, Webber, and Flex precious metal vein systems in the southern part of the property and under-explored porphyry copper mineralization in the northwest. The main area of interest since 2010 is the Flex Zone; a network of stacked epithermal gold-silver quartz veins. Taurus completed a drill program in 2020 that extended high-grade gold-silver mineralization on the Flex Zone to the west, south, to depth and down plunge. Mineralization remains open in all directions and presents new targets for future drilling. Highlights from the most recent drill programs is provided below. Summary of Historical Drill Intercept Highlights - Flex Zone *from drill programs in 2010, 2011, 2012 as described in the Company's 2022 Technical Report filed on www.sedar.com. Intervals are apparent width DDH-10-240: 31.25 m of 1.66 ppm gold and 67.91 ppm silver including 1.7 m of 13.14 ppm gold and 778.03 ppm silver DDH-10-243: 28.9 m of 5.06 ppm gold and 138.09 ppm silver including 3.05 m of 14.0...