Tarsis Resources Ltd.

Tarsis Resources Ltd.

August 31, 2010 09:30 ET

Tarsis Drills 0.71% Copper and 0.41 g/t Gold over 7.80 meters at MOR, Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2010) - Tarsis Resources Ltd. (TSX VENTURE:TCC) ("Tarsis") is pleased to announce assay results from its recently completed diamond drilling program at its 100% owned MOR property, located in southern Yukon.

Two holes totaling 443.83 meters were drilled by Top Rank Diamond Drilling under the supervision of Archer Cathro & Associates (1981) Limited. Drilling intercepted massive, semi-massive and heavily disseminated sulphides. Highlights from the program include 7.80 meters of 0.71% copper, 0.41 g/t gold and 0.80% zinc. Full details are provided below:

Hole From To Interval (m) Cu (%) Au (g/t) Ag (g/t) Zn (%)
MOR 10-01 85.10 92.90 7.80 0.71 0.41 19.3 0.80
including 92.25 92.90 0.65 1.43 1.13 49.1 1.98
MOR 10-02 No Significant Assays
* Intervals shown above approximate true widths.

The drilling is interpreted to have successfully intersected an extension to the Discovery Horizon which was also intersected in diamond drill programs conducted in 2007 and 2008. The Discovery Horizon has now been tested and is apparently continuous over 600 meters of strike length.

Tarsis' President and CEO, Marc G. Blythe stated, "We have satisfactorily explained the geochemical anomaly identified through prior auger soil sampling and will now focus on finding a partner who would like to option the property to continue exploration."

Assaying was conducted by ALS Chemex in North Vancouver, BC, which is an ISO 9001:2000 certified laboratory. Samples were analyzed using industry standard 41-element inductively coupled plasma atomic emission spectrometry package with fire assay and atomic absorption spectroscopy for gold analyses.

Dawson Gold Project update

The Company has completed early stage exploration on four of the five carbonate environments covered by the Lion, Eagle, Jaguar and Tau claims. No significant gold assays were received and no further field work is planned on these claims. The Company plans to review the results in greater detail after the field season to determine if any further potential exists on the claims.

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.

Tarsis Resources Ltd.

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 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