tasca has identified multiple new target areas on poplar copper property
Vancouver, British Columbia (FSCwire) - Tasca Resources Ltd. ("Tasca", "TAC" or the "Company") (TSX Venture: TAC) (Frankfurt: 3TA) reports its technical team has spent the last two months assembling the historic exploration data previously generated at the Poplar copper property, southwest of Houston, British Columbia. Tasca is currently reviewing and cataloging the data to locate and define exploration targets both within the area of known mineralization and elsewhere on the 62,000 hectare property. At this preliminary stage, Tasca has identified multiple new and previously known target areas on its Poplar project:
- Deep IP targets that appear to suggest extension of the known Poplar deposit both to depth and laterally;
- Several airborne EM anomalies displaying signatures similar to known BC porphyry deposits;
- Several property wide historic zones requiring follow up exploration with modern methods.
“We believe Tasca has acquired not only a nice copper deposit, but a property with significant exploration upside potential,” stated Tasca CEO Clive Massey. “We anticipate defining and cataloging numerous exploration targets across the property over the next one to two months as Tasca’s technical team continues its review of the enormous data set pertaining to the Poplar Copper Deposit. Tasca plans to release further information on each of the three target areas as the data is reviewed and cataloged and targets are defined.”
Lions Gate Metals (LGM) the prior property owner, commissioned a 2009 deep Induced Polarization (IP) survey in the immediate area of the Poplar deposit to test for depth extension to the main deposit and test for peripheral or additional mineralization in the area of the deposit. Several of these targets remain to be tested.
LGM 2011 and 2012 drilling at the Poplar Deposit was primarily targeted at confirming some of the earlier drill results, expanding the mineralization at depth and testing the edges of the known mineralization to expand the deposit. Initial review suggests the program was a success. The entire drill database is currently being reviewed in detail in order to design a drill program that will allow the resource to be moved from historical to current and to provide material for further metallurgical testing.
LGM completed property wide airborne magnetic and electromagnetic surveys in 2009. Several anomalies displaying characteristics similar to known porphyry copper deposits were located across the entire property. LGM subsequently undertook initial till geochemical sampling at a few of the targets with encouraging results.
Tasca is compiling and reviewing the assessment record for the entire 62,000 hectare property. Initial review indicates several areas within the current property boundaries have long exploration histories with very interesting results. Tasca is actively reviewing the data from these areas in the context of the LGM airborne geophysics and the recently completed LWIR (Long Wave Infrared) survey recently announced (see December 11, 2017 News Release) to further define exploration targets and determine the presence of cross survey anomalies.
Over the next few months, Tasca will continue its review to identify both deposit and property wide targets for exploration during the 2018 season. Ground geochemical surveys, reconnaissance drilling of peripheral targets and resource and metallurgical drilling within the Poplar Deposit are in the initial planning stages.
Investors are cautioned, Tasca Resources Ltd. has not yet verified the exploration data disclosed in this release. That will be the primary objective of the 2018 exploration programs.
R. Tim Henneberry, P.Geo. (BC) and Tasca’s geologist, is the Qualified Person who has reviewed and approved the technical content of this news release.
For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.tascaresources.com
ON BEHALF OF THE BOARD OF DIRECTORS
Clive H. Massey
President & CEO
For further information, please contact:
Tasca Investor Relations
Phone: (604) 644-6794
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.
This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Tasca Resources Ltd. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Tasca Resources Ltd. management on the date the statements are made. Except as required by law, Tasca Resources Ltd. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.