Tartisan Resources Appoints Luc Pigeon General Manager of Minera Tartisan Peru, Proceeds With Previously Announced Proposed Private Placement
The Company is also pleased to announce that Meliza Ataucuri has been appointed Assistant General Manager ("AGM") of Minera Tartisan. Additionally, Tartisan has now established a corporate office at Jirón Botoneros 278, Urb. Las Gardenias, Santiago de Surco, Lima, Peru to serve as the corporate base of operations.
Mark Appleby, President and CEO states "Tartisan has rationalized all aspects of Peruvian operations. The appointment of Luc Pigeon to GM and Meliza Ataucuri to AGM will ensure efficient management of Minera Tartisan and the upcoming exploration activities at La Victoria".
Mr. Pigeon is founder of Gateway Solutions S.A.C. and serves as Tartisan Resources Corp. Qualified Person ("QP").
Private Placement Update
As previously announced (October 1, 2014), Tartisan Resources Corp. is seeking to raise $CDN 150,000 via non-brokered private-placement. The Company intends to issue 3 million units at CDN $0.05 cents per unit with a full warrant at CDN $0.10 cents, expiring 18 months from date of closing of this offering. The Company anticipates closing the private placement, on a fully-subscribed basis. The net proceeds from this offering will be used to fund on-going operational activities at La Victoria, the Company's gold, silver and base metals project and for working capital purposes. In conjunction with Eloro Resources Inc., the Company's jointventure partner, the planned exploration work will include preparation for diamond drilling at La Victoria, the Company's wholly-owned flagship property located in North-Central Perú.
La Victoria Property, Perú
La Victoria, Tartisan's royalty-free flagship project is located in northern Ancash Department, and comprises seven wholly-owned (7) Mining Rights (the "Claims" or the "Concessions") totaling 3442 hectares ("Ha") in size; and two Mining Rights pending totaling 700 Ha. 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., Lagunas Norte (Alto Chicama) owned by Barrick Gold Corp. and Santa Rosa owned by Compañia Minera Aurífera Santa Rosa (COMARSA). Rio Alto Mining Ltd. has recently received a take over bid from Tahoe Resources Inc. at $4.00 per share ($1.3 billion).
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, President & CEO and a Director of the Company, at 416-804-0280 (mark@tartisanresources.com), Mr. Luc Pigeon B.Sc., M.Sc., P.Geo. is the Company's QP and serves as the GM of Minera Tartisan. Mr. Pigeon can be contacted at +51986651325 (tartisan.gm@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.