Monthly Archives: November 2017

Tasca Resources Executes Long Wave Infrared Imaging Technology to Survey Poplar

Vancouver, British Columbia (FSCwire)Tasca Resources Ltd. (“Tasca”, “TAC” or the “Company”) (TSX Venture: TAC) (Frankfurt: 3TA) is pleased to announce that it has engaged LWIR Consultants to conduct a Long Wave Infrared Survey over the Poplar Copper Project located in northern British Columbia adjacent to New Nadina’s Silver Queen claim block.

Long wave infrared (LWIR) data has recently become available and is regarded as a breakthrough in next generation satellite imagery. This new technology is a significant advancement in exploration tools, in relation to developing potential exploration targets that was not previously available to the explorationists. LWIR bands have the ability to penetrate vegetation and cover, to then mathematically “fingerprint” target mineralization and the component minerals.  LWIR Consultants has obtained LWIR data for the Poplar claim block, along with the various Nadina claim blocks announced in the November 2 and November 6 Tasca news releases for review, processing and exploration target generation

Tasca’s property holdings in the New Nadina area consist of four claim blocks of prospective geology totaling almost 67,290 hectares. Included in the property package is the Poplar copper deposit where an historical indicated mineral resource of 131 million tonnes grading 0.31 per cent copper, 0.009 per cent molybdenum, 0.09 gram per tonne gold and 2.39 grams per tonne silver and a historical inferred mineral resource of 132 million tonnes grading 0.27 per cent Cu, 0.005 per cent Mo, 0.07 g/t Au and 3.75 g/t Ag has been identified through the drilling of 147 historical holes.

These historical indicated and inferred resources were disclosed by Lions Gate Metals Inc. in its technical report dated March 30, 2012, prepared by Gary Giroux, PEng.

To determine the historical resource, a three-dimensional solid was constructed to constrain the mineralized area, using a 0.1-per-cent-copper-grade shell as a guide. Large internal waste zones were modelled as were some larger-post mineral dikes. Of the total database, 129 drill holes totalling 37,205 metres were within the mineralized zone and were used to estimate the resource. Drill holes were compared with the mineralized solid, and assays were tagged if inside. Copper, molybdenum, gold and silver assays within the mineralized solid were capped at 1.4 per cent Cu, 0.14 per cent Mo, 0.34 g/t Au and 41 g/t Ag, respectively. Five-metre composites were formed and used for variography.

For this estimate and to aid with some preliminary planning, the blocks were reduced to five by five by 10 metres in dimension and were estimated for Cu, Mo, Au and Ag by ordinary kriging. The historical resource is classified as indicated and inferred based on each block’s proximity to data and the grade continuity. The historical indicated and historical inferred resource uses the categories set out in Section 1.2 of National Instrument 43-101.

Tasca will need to review and verify the historical drilling database and twin a number of the existing drill holes to bring the historical resources current. Investors are cautioned a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and therefore Tasca is not treating the historical estimate as current mineral resources or mineral reserves.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by R. Tim Henneberry, P.Geo., Tasca’s geologist, who is a “Qualified Person” as such term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”).

About Tasca Resources

Tasca Resources Ltd. (TAC: TSX-V; FWB: 3TA) is a Canadian-based mineral exploration company focused on the acquisition, exploration and development of mineral properties.  Our objective is to build shareholder value through exploration and potential development or acquisition of existing projects with significant up-side.

For additional information regarding the Company, please visit the Company’s website at

www.tascaresources.com

ON BEHALF OF THE BOARD OF DIRECTORS

“Clive Massey”

Clive H. Massey

President & CEO

Tasca Resources Executes Long Wave Infrared Imaging Technology to Survey Poplar 2017-11-30T13:03:09-07:00

Tasca Resources Announces Appointment of James Hyland to the Board of Directors

Vancouver, British Columbia (FSCwire)Tasca Resources Ltd. (“Tasca”, “TAC” or the “Company”) (TSX Venture symbol: TAC) (Frankfurt: 3TA) is pleased to announce the appointment of Mr.  James Hyland to the Board of Directors.  James brings more that 25 years of experience in the public markets to the board as a financial and marketing consultant, a corporate founder and manager of numerous early stage public and private businesses. His industry expertise includes mining, publishing, financial services, oil & gas, hospitality, technology, alternative energy and healthcare appliances. Mr. Hyland has an extensive network of contacts within the financial community including brokers, fund managers, industry analysts and media, throughout North America, the United Kingdom and continental Europe.

Mr. Hyland earned a Bachelor of Commerce in Entrepreneurial Management from Royal Roads University of Victoria, BC. Canada.

Clive Massey, CEO of Tasca states, “Jamie brings a wealth of experience to the Company and we are very thrilled to add his skill set to the Tasca team.  His business acumen and diverse experience across many disciplines will be a great asset in assisting the Company in communications and bringing shareholder value to the Company.”

The appointment of Mr. Hyland follows the resignation of Craig Naughty from the Company’s board of directors. The board and management of Tasca express their gratitude to Mr. Naughty for his efforts and contributions and wish him well in his future endeavors.

Tasca Grants Stock Options to Directors, Officers and Consultants

The Company has today granted an aggregate of 1,300,000 stock options to Officers, Directors and Consultants at a strike price of $0.39 per common share with a term of five years.

About Tasca Resources

Tasca Resources Ltd. (TAC: TSX-V) is a Canadian-based mineral exploration company focused on the acquisition, exploration and development of mineral properties.  Our objective is to build shareholder value through exploration and potential development or acquisition of existing projects with significant up-side.

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 Massey”
Clive H. Massey
President & CEO

For further information, please contact:
Tasca Investor Relations
Phone: (604) 644-6794
Email: tascaresources@gmail.com

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.

Forward-Looking Statements

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.

Tasca Resources Announces Appointment of James Hyland to the Board of Directors 2017-12-04T18:45:57-07:00

Tasca Resources Arranges a Private Placement of 5 Million Units at $0.60 per unit.

Vancouver, British Columbia (FSCwire)Tasca Resources Ltd. (“Tasca”, “TAC” or the “Company”) (TSX Venture symbol: TAC) (Frankfurt: 3TA) is pleased to announce that it intends to proceed with a private placement (the “Offering”) of up to 5,000,000 Units (the “Units”) at $0.60 per Unit for gross proceeds of up to $3,000,000.

Each Unit will consist of one (1) common share in the capital of the Company and one (1) transferable common share purchase warrant (each a “Warrant”).  Each Warrant will entitle the holder to acquire one (1) additional common share in the capital of the Company (each a “Warrant Share”) at an exercise price of $0.75 per Warrant Share for a period of twenty four (24) months from the date of issuance

The Company may pay cash finder’s fees to certain arm’s length finders (each a “Finder”), equal to eight (8%) percent of the gross proceeds raised under the Offering from purchasers introduced to the Company by each Finder.  The private placement is subject to TSX Venture Exchange acceptance and the resulting securities which are issued will be subject to a four month and a day hold period.

About Tasca Resources

Tasca Resources Ltd. (TAC: TSX-V; FWB: 3TA) is a Canadian-based mineral exploration company focused on the acquisition, exploration and development of mineral properties.  Our objective is to build shareholder value through exploration and potential development or acquisition of existing projects with significant up-side.

For additional information regarding the Company, please visit the Company’s website at www.tascaresources.com

ON BEHALF OF THE BOARD OF DIRECTORS

“Clive Massey”
Clive H. Massey
President & CEO

For further information, please contact:

Tasca Investor Relations
Phone: (604) 644-6794;  Email: tascaresources@gmail.com

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.

Forward-Looking Statements

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.

Tasca Resources Arranges a Private Placement of 5 Million Units at $0.60 per unit. 2017-12-04T18:43:47-07:00

Tasca Resources Increases Land Package with Additional 620 Sq. Km in Area of Nadina

Vancouver, British Columbia (FSCwire) – Tasca Resources Ltd. (“Tasca”, “TAC” or the “Company”) (TSX Venture symbol: TAC) (Frankfurt: 3TA) is pleased to announce that it has optioned the Poplar Property that is contiguous to the south of Tasca’s newly acquired Nadina claim blocks announced on November 6, 2017. The Poplar Property also contains the Poplar Copper deposit within its claim boundaries.

The Poplar Property encompasses over 620 square kilometres (62,000 hectares) and is contiguous to the south of one of Tasca’s newly acquired Nadina claim blocks. It is also on strike to the west of New Nadina’s Silver Queen property.

The Property has a long past of historical exploration including the drilling of 147 holes. This drilling identified an historic indicated mineral resource of 131 million tonnes grading 0.31% Cu, 0.009 % Mo, 0.09 g/t Au and 2.39 g/t Ag and an historic inferred mineral resource of 132 million tonnes grading 0.27 % Cu, 0.005 % Mo, 0.07 g/t Au and 3.75 g/t Ag.

These historic indicated and inferred resources were disclosed by Lions Gate Metals Inc. in its technical report dated March 30, 2012 prepared by Gary Giroux, P.Eng.

To determine the historic resource, a three-dimensional solid was constructed to constrain the mineralized area, using a 0.1 % Cu grade shell as a guide. Large internal waste zones were modelled as were some larger post mineral dykes. Of the total data base, 129 drill holes totalling 37,205 m were within the mineralized zone and were used to estimate the resource. Drill holes were compared to the mineralized solid and assays were tagged if inside. Copper, molybdenum, gold and silver assays within the mineralized solid were capped at 1.4 % Cu, 0.14 % Mo, 0.34 g/t Au and 41 g/t Ag respectively. Five metre composites were formed and used for variography.

For this estimate and to aid with some preliminary planning, the blocks were reduced to 5 x 5 x 10 m in dimension and were estimated for Cu, Mo, Au and Ag by ordinary kriging. The historic resource is classified as Indicated and Inferred based on each block’s proximity to data and the grade continuity. The historic indicated and historic inferred resource uses the categories set out in Section 1.2 of NI43-101.

Tasca will need to review and verify the historic drilling database and twin a number of the existing drill holes to bring the historic resources current. Investors are cautioned a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and therefore Tasca is not treating the historical estimate as current mineral resources or mineral reserves.

The underlying geology of the Poplar Property is largely Cretaceous Kasalka Group andesitic volcanics intruded by lower Cretaceous Bulkley Suite intrusive stocks. Lower Jurassic Hazelton Group Telkwa Formation calc-alkaline volcanics are in fault contact in the northeast. Outliers of Eocene Ootsa Lake Group volcanics overlap the Cretaceous rocks.

Subject to TSX Venture Exchange (“Exchange”) approval, Tasca can earn a 100% interest, subject to legacy NSR interests ranging from 1% to 2%, in the Poplar property by completing the following share issuances, exploration expenditures and cash payments to the Vendor:

$50,000 cash consideration and 2,200,000 common shares within 3 days of Exchange approval;
A further cash consideration of $350,000 within 18 months of the Agreement date;
A further cash consideration of $750,000 within 36 months of Agreement date;
A further cash consideration of $3,500,000 within 48 months of the Agreement date;
Tasca shall complete $500,000 in exploration expenditures on the Poplar Property within 180 days of the Agreement date;
Tasca shall complete $1,000,000 in exploration expenditures on the Poplar Property within one year of the Agreement date;
Tasca shall complete $1,500,000 in exploration expenditures on the Poplar Property within 48 months of the Agreement date;

About Tasca Resources

Tasca Resources Ltd. (TAC: TSX-V) is a Canadian-based mineral exploration company focused on the acquisition, exploration and development of mineral properties. Our objective is to build shareholder value through exploration and potential development or acquisition of existing projects with significant up-side.

For additional information regarding the above noted Property and other corporate information, please visit the Company’s website at www.tascaresources.com

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by R. Tim Henneberry, P.Geo. an independent consulting geologist who is a “Qualified Person” as such term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”).

ON BEHALF OF THE BOARD OF DIRECTORS

“Clive Massey”
Clive H. Massey
President & CEO

For further information, please contact:
Tasca Investor Relations
Phone: (604) 644-6794; Email: tascaresources@gmail.com

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.

Tasca Resources Increases Land Package with Additional 620 Sq. Km in Area of Nadina 2017-11-18T17:25:33-07:00

Tasca Expands Land Position in Area of Nadina Claims

Vancouver, British Columbia (FSCwire) – Tasca Resources Ltd. (“Tasca” or the “Company”) (TSX Venture symbol: TAC; FWB symbol: 3TA) Tasca is pleased to announce that it has signed a Mineral Property Option Agreement with an arm’s length Vendor to acquire 3,710 Hectares of prospective mining claims in the Omineca Mining Division located in north central British Columbia, approximately 40 kilometres south of Houston.

Tasca President and CEO Clive Massey stated, “The addition of these claims to our existing land package in the Houston area puts us in a very strong position, both geographically and strategically in this emerging area play, while at the same time solidifying our position as a first mover in the area.”

The Nadina property consists of two blocks of claims. The first lies 1000 metres to the west of the New Nadina claim block and contiguous to the north to the Lions Gate Metals Inc. claim block. The underlying geology of this claim block is Cretaceous Skena Group Red Rose Formation sediments intruded by both Cretaceous Bulkley intrusions and Eocene Nanika intrusions. The second block lies 3500 metres to the north of the New Nadina claim block. The underlying geology is Cretaceous Kasalka Group andesitic volcanics intruded by Cretaceous Bulkley intrusions. This block has prior exploration history, hosting a 1600 metre wide charegeability anomaly.

Tasca plans to review the assessment record for historical work on these claim blocks to assist in the planning of an exploration program to assess and evaluate them.

The terms of the Property Option Agreement require Tasca to make cash payments totaling $100,000 and issue 1.5 million common shares of the Company to the Vendor over three years.  The Agreement is subject to TSX Venture Exchange approval.

R. Tim Henneberry, P.Geo., Tasca’s Geologist and a Qualified Person as defined by NI 43-101, has reviewed and approved the technical information contained in this news release.

For additional information please visit the Company’s website at www.tascaresources.com

ON BEHALF OF THE BOARD OF DIRECTORS

“Clive Massey”

Clive H. Massey

President & CEO

 

For further information, please contact:

Tasca Investor Relations

Phone: (604) 644-6794

Email: tascaresources@gmail.com

Forward-Looking Statements

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.

 

“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.”

 

To view the graphic in its original size, please click here

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Tasca11062017.pdf

Source: Tasca Resources Ltd. (TSX Venture:TAC)

Tasca Expands Land Position in Area of Nadina Claims 2017-11-06T16:17:13-07:00

Tasca Acquires Mineral Claims Adjacent to New Nadina Explorations’ Silver Queen Property

Vancouver, British Columbia (FSCwire) – Tasca Resources Ltd. (“Tasca” or the “Company”) (TSX Venture symbol: TAC; FWB symbol: 3TA) Tasca is pleased to announce that it has signed a Definitive Agreement with an arm’s length vendor to acquire 1,580 Hectares of prospective mining claims located in north central British Columbia, approximately 40 kilometres south of Houston.

“Recent developments in this area of British Columbia have really caught our attention” stated Tasca President and CEO Clive Massey.  “Tasca made the decision to strategically position itself in this geographic location and seize the opportunity to be a first mover in what we see as a potential emerging area play.”

The Tasca property lies 2,500 metres to the south of the New Nadina claim block and contiguous to the east to the Lions Gate Metals Inc. claim block. The underlying geology of the claim block is Cretaceous Kasalka Group andesitic volcanics, Eocene Endako group alkaline to basaltic volcanics and Eocene Ootsa Lake Group felsic volcanics. The central portion of the property consist of an outlier of Paleogene sediments masking the underlying geology.  A large body of feldspar porphyry related to the Cretaceous Bulkley Intrusions lies 5 kilometres to the west.

Tasca plans to review the assessment record for historical work on the new claim block to assist in the planning of an exploration program to assess and evaluate them.

The terms of the Agreement call for a cash payment of $10,000 dollars and a share payment of 1.5 million common shares of the Company subject to TSX Venture approval.

R. Tim Henneberry, P.Geo., Tasca’s Geologist and a Qualified Person as defined by NI 43-101, has reviewed and approved the technical information contained in this news release.

For additional information please visit the Company’s website at www.tascaresources.com

ON BEHALF OF THE BOARD OF DIRECTORS

“Clive Massey”

Clive H. Massey

President & CEO

For further information, please contact:

Tasca Investor Relations

Phone: (604) 644-6794

Email: tascaresources@gmail.com

Forward-Looking Statements

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.

“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.”

To view the graphic in its original size, please click here

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Tasca11022017.pdf

Source: Tasca Resources Ltd. (TSX Venture:TAC)

Tasca Acquires Mineral Claims Adjacent to New Nadina Explorations’ Silver Queen Property 2017-11-06T16:15:42-07:00
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