Tarsis Capital Corp.

Tarsis Capital Corp.

June 25, 2008 09:00 ET

Tarsis Capital Corp.: Diamond Drilling Starts at Goz Creek

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 25, 2008) - Tarsis Capital Corp. (TSX VENTURE:TCC) ("Tarsis" and "the Company") is pleased to announce the commencement of its 2008 exploration program at Goz Creek. Diamond drilling has now started at Goz Creek, Yukon and the current phase includes 1,800 metres of drilling in approximately 15 holes.

The Goz Creek property hosts Mississippi Valley Type (MVT) mineralization and contains an historic resource of 2,893,000 tons grading 11.25% Zinc in one isolated area referred to as the Main Zone. This equates to roughly 650,925,000 lbs of contained zinc metal. The historic resource is non-compliant with NI 43-101 and is not considered as current mineral resources by Tarsis and the historical estimate should not be relied upon.

Diamond drilling will target the historic Main Zone at Goz Creek, including testing for an extension of the Main Zone to the north; potential for this was identified during a review of the historic data, associated with the ongoing geological modelling. This drilling should provide sufficient geometric and grade data to allow the calculation of an NI 43-101 compliant resource estimate.

Diamond drilling is also planned at Walt Ridge, located 4 kilometres east of Goz Creek. The claims are underlain by the same favourable stratigraphy occupied by the Goz property and historical soil geochemical surveys outlined an anomaly up to 2 km in length with zinc-in soil values up to 1.7%. Scattered mineralized outcrops are also noted from historic mapping. A diamond drill program proposed to test the Walt Ridge anomaly in 1976 was never carried out.

Tarsis' 100% owned Goz Creek property is located in east central Yukon.

Director Resigns

Mr. J. Duane Poliquin has resigned from the Board of Directors of Tarsis, but will continue his association with the Company as a Consultant. The Board of Directors thanks Mr. Poliquin for his service to the Company as a director and looks forward to his continuing advice and support.

Tarsis is an exploration company following the prospect generator business model, with seven mineral properties in Yukon, Canada and one in Mexico. The Company is currently exploring Goz Creek and MOR and seeking joint venture partners for Erika (Mexico), Meister and Prospector Mountain.

The Company currently has 12,367,970 shares issued and outstanding.

William A. Wengzynowski, P.Eng. is the qualified person for the project and has reviewed the technical content of this news release.

On behalf of the Board of Directors, Tarsis Capital Corp.

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

The TSX Venture Exchange does not Accept Responsibility for the Adequacy or Accuracy of this Release.

Contact Information

  • Tarsis Capital Corp.
    Marc G. Blythe, P.Eng., MBA.
    President and Chief Executive Officer
    (604) 689-7644
    Tarsis Capital Corp.
    Mark T. Brown, C.A.
    Chief Financial Officer
    (604) 687-3520
    Email: info@tarsis.ca
    Website: www.tarsis.ca