Tasca Resources Ltd.
TSX VENTURE : TAC

May 24, 2012 09:00 ET

Tasca Commences Drilling on its Acacia Project, Central British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 24, 2012) - Tasca Resources Ltd. (TSX VENTURE:TAC) (the "Company" or "Tasca") in conjunction with Eagle Plains Resources Ltd. (TSX VENTURE:EPL) have mobilized crews and equipment to carry out a 600m diamond drilling program on the 4,600 ha Acacia Property, located 45 km north of Kamloops in central British Columbia. The budget for the program is set at $250,000 with exploration activity expected to take two weeks to complete.

Project Summary

The Acacia property is considered to have good potential for hosting Volcanogenic Massive Sulphide (VMS) deposits. These deposits typically contain both base and precious metals, and occur in clusters and/or stacked lenses. The property covers a stratigraphic assemblage which hosts a number of nearby past-producing base and precious-metal deposits including the Samatosum, Rea Gold, and Homestake mines. The parties caution that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Acacia property. The property currently has at least three known target areas.

Previous operators reported diamond drilling results including 10.6 g/t gold, 335.3 g/t silver, 3.13 % zinc, 2.74% lead, and 0.55% copper over 2.37m on the Twin Mountain occurrence. At the Acacia Zone, eight zinc-rich massive sulphide lenses have been mapped on surface within a 1,500m x 250m soil anomaly. This area will be the target for the current program.

A detailed geological review and compilation may be viewed here: http://www.eagleplains.com/projects/bc/acacia/.

ON BEHALF OF THE BOARD

Craig Naughty, President & CEO

This news release has been prepared on behalf of the Tasca Resources Ltd. Board of Directors, which accepts full responsibility for its contents. The contents of this release have been reviewed and approved by Tim J. Termuende, a qualified person as defined by National Instrument 43-101.

(Note: a qualified person has not done sufficient work to classify the historical estimate as current mineral resources, the issuer is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.)

Neither 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

  • Tasca Resources Ltd.
    Craig Naughty
    President & CEO
    (604) 669-0404 or Toll Free: 1 (877) 669-0401
    (604) 669-0414 (FAX)