Tarsis Resources Ltd.

Tarsis Resources Ltd.

December 09, 2010 16:15 ET

Tarsis Acquires New Porphyry Prospect, Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 9, 2010) - Tarsis Resources Ltd. (TSX VENTURE:TCC) ("Tarsis") is pleased to announce that it has acquired by staking, a 100% interest in 186 claims (approximately 3,900 hectares), named the Rosie property. The property is located at the eastern end of the Nisling Range, approximately 100 kilometers northwest of Haines Junction, Yukon.

The property features strong potassic alteration and silicification within an underlying granodiorite host. Pathfinder element geochemistry from prior government stream sediment sampling is anomalous for arsenic (98th percentile), antimony (98th percentile) and molybdenum (98th percentile) as well as having elevated gold (95th percentile) and copper (98th percentile) values.

Preliminary sampling by Tarsis collected 31 locally derived talus samples that returned assays ranging from below detection to 0.03 g/t gold, 1 ppm to 244 ppm copper and below detection to 29 ppm molybdenum.

President and CEO Marc Blythe states, "While the initial assay values are relatively low, we are highly encouraged by the alteration and pathfinder geochemistry, which we interpret to be indicative of a potential porphyry system. We are looking forward to carrying out systematic early stage exploration on this target in the spring."

Access to the property is by helicopter with the nearest road located at the head of Aishihik Lake, approximately 18 kilometers to the east. A winter trail terminates four kilometers south of the property.

The qualified person responsible for the technical disclosure in this press release is Marc G. Blythe, P.Eng. Mr. Blythe is the President and CEO of Tarsis Resources and he has reviewed the content of this release.

About Tarsis Resources

Tarsis is an exploration company following the prospect generator business model, with fourteen mineral properties in Yukon, Canada and one in Mexico. The Company acquires projects on attractive terms, adds value and then vends or options out projects to partners for advancement.

On behalf of the Board,

Marc G. Blythe, P.Eng., MBA., President and Chief Executive Officer

This news release was prepared by Company management, which takes full responsibility for content.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Tarsis Resources Ltd.
    Marc G. Blythe, P.Eng., MBA.
    President and Chief Executive Officer
    (604) 689-7644
    Tarsis Resources Ltd.
    Mark T. Brown, C.A.
    Chief Financial Officer
    (604) 687-3520