Tartisan Resources Proceeds with Environmental Work at the La Victoria Polymetallic Property, Peru
![Tartisan Resources Proceeds with Environmental Work at the La Victoria Polymetallic Property, Peru](https://www.minenportal.de/media/goldseiten-news.jpg)
The Agreement
Under the terms of the Agreement, the contractor will begin work to establish the necessary permits for 20 drill platforms. Community agreements, drill platform locations, camp sites as well as all necessary infrastructure requirements will be finalized and submitted for regulatory approval with the Ministry of Energy, Mines and Minerals, Peru.
A site visit in December 2014 established that access roads were in good condition and had been improved and extended. Several adits were identified from which samples were taken and prepared for assay.
The Company intends to advance all aspects of the La Victoria project in anticipation of field work and drilling in 2015.
Appointment
The Company wishes to announce that Mr. Luc Pigeon B. Sc., M. Sc., P. Geo has been appointed as Qualified Person (QP) for Tartisan Resources Corp. Mr. Pigeon has over 10 years of experience in the field of mineral exploration working mostly in Canada and Peru.
Familiar with all levels of base (Cu, Fe, Pb, Zn) and precious metals (Au, Ag) exploration from grass roots to resource estimates in a wide range of mineral deposit types and topographic environments, Mr. Pigeon has worked for and managed several significant projects in Peru.
Mark Appleby, President and CEO states "We welcome Luc Pigeon to the Tartisan team and are very excited by the prospects of getting back to work at La Victoria". "We believe that Tartisan is poised to deliver for shareholders in 2015 and Mr. Pigeon’s experience will be an invaluable asset".
Mr. Pigeon is founder of Gateway Solutions S.A.C , and has been a resident of Peru since 2006. Mr. Pigeon is a Professional Geologist (P. Geo) registered in the Province of Quebec and a Qualified Person as defined by NI 43-101, and is the author of the Tartisan Resources Corp. Independent Report NI 43-101.
Mr. John M. Siriunas P. Eng. has resigned as a director and the Company wishes to thank him for his services.
Option Agreement
As previously announced, Tartisan Resources Corp. has granted Eloro Resources Ltd. the right to earn a 50% interest in the Property, at Eloro’s option, by expending $CDN 1.5 million in staged exploration and work expenditures on the Property and by making cash payments to Tartisan totalling $CDN 150,000, all over a 4-year period. The Company has received two cash payments totalling $CDN 100,000 to date.
La Victoria Property, Peru
La Victoria is Tartisan’s wholly owned royalty-free flagship project located in northern Ancash Department and comprises nine (9) claims totaling 4,360 ha in size. The Property has good infrastructure with access to road, water and electricity and is located at an altitude that ranges 3,100 m to 4,200 m above sea level.
La Victoria is located within 50 km of several producing mines including: La Arena owned by Rio Alto Mining Ltd. (TSXV:RIO), Lagunas Norte (Alto Chicama) owned by Barrick Gold Corp. (TSX: ABX) and Santa Rosa owned by Compañia Minera Aurífera Santa Rosa (COMARSA). Rio Alto has also recently struck a merger deal with Sulliden Gold Corp. Ltd.
Background
Tartisan has spent over $US 800,000 to date on the Property in connection with exploration and infrastructure development. This exploration work includes: topographic, ground magnetic and Induced Polarization geophysical surveys; over 600 samples taken for geochemistry; construction of access roads; and, completion of a National Instrument 43-101-compliant Technical Report. The Property has numerous historical adits and surface workings.
The Technical Report concludes that La Victoria possesses excellent potential for finding high- grade oxide and sulphide epithermal Au-Ag vein systems and low-grade, large-tonnage, disseminated Cu-Au-Ag (porphyry-type) mineralization.
Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Currently, there are 35,358,882 shares outstanding (40,421,739 fully diluted).
For further information, please contact Mr. D. Mark Appleby, CEO and a Director of the Company, at 416-804-0280 (mark@tartisanresources.com), Mr. Luc Pigeon B.Sc., M.Sc., P.Geo., at +51986651325 (tartisan.qp@gmail.com). Additional information about Tartisan can be found at the Company’s website at www.tartisanresources.com or on SEDAR at www.sedar.com.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
Not for distribution to U.S. news wire services or dissemination in the U.S.