Tarsis Resources Ltd.
TSX VENTURE : TCC

Tarsis Resources Ltd.

February 16, 2011 16:50 ET

Tarsis Stakes New Porphyry/Skarn Prospect, Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 16, 2011) - Tarsis Resources Ltd. (TSX VENTURE:TCC) ("Tarsis") is pleased to announce that it has acquired by staking, a 100% interest in 36 claims (approximately 750 hectares), named the Burns property. The property is located in western Yukon, approximately 50 kilometers north of Haines Junction.

Geologically, the claims are interpreted to lie within the regionally extensive Ruby Range Plutonic Suite which mostly comprises Late Cretaceous to early Tertiary granodiorite. A brief examination of the Burns property in fall 2010 by Tarsis identified a variety of rock types including felsic to mafic intrusive plus carbonate and calcareous siliciclastic rocks mostly represented by locally derived talus. Hydrothermal alteration is characterized in the calcareous units by a variety of calc-silicate mineral assemblages including epidote-clinozoisite, diopside and garnet. Silicification and subsequent bleaching appear to be more closely associated with a porphyritic variety of the felsic intrusive.

Cursory prospecting was focused along a steep west-facing slope within the western part of the property. Thirty-seven select, locally derived talus samples were collected along a 1 km portion of the slope and returned assays ranging from below detection to 0.28 g/t gold, 1 ppm to 0.34% copper and below detection to 65.5 g/t silver. Samples with strongly elevated copper and silver values exhibit weakly limonitic textures with traces of malachite as surface coatings. A number of these samples also yielded anomalous values for bismuth (<2 to 109 ppm) and molybdenum (<1 to 29 ppm).

Although the target area is poorly understood at this time the Company interprets the property geology as being prospective for both porphyry and skarn style mineralization.

President and CEO Marc Blythe states, "The Burns prospect is further evidence of the success of our generative exploration in Yukon. This target appears to have no prior exploration history, which highlights the prospectivity of the Territory. We are looking forward to carrying out systematic early stage exploration at Burns in the spring."

Access to the property is by helicopter with the nearest road located at the foot of Aishihik Lake, approximately 20 kilometers to the east.

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 mineral properties in Yukon, Canada and 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
    or
    Tarsis Resources Ltd.
    Mark T. Brown, C.A.
    Chief Financial Officer
    (604) 687-3520
    info@tarsis.ca
    www.tarsis.ca