Monthly Archives: September 2018

Tasca Commences Trenching Program on the Princeton Gold Property

Vancouver, British Columbia (FSCwire) – Tasca Resources Ltd. (“Tasca” or the “Company”) (TSX.V:TAC, FSE:3TA) is pleased to announce the commencement of the excavator trenching program at its Princeton Gold Property. Tasca will follow up the Area 2 discoveries, where float grab and in-place quartz rock sampling documented 25 of 37 samples returning gold values in excess of 1,000 ppb with 13 of the 25 samples returning gold values in excess of 10,000 ppb gold, or 10 grams per tonne, to a maximum of 66,237 ppb or 66.2 grams per tonne gold. Tasca plans to initiate a diamond drill program upon completion of the trenching program.

Princeton Gold Property

The Princeton Gold Property lies 35 kilometres south of Princeton, British Columbia and 11 kilometers south of the producing Copper Mountain Copper Mine. The road accessible, 4013 hectare property is fully permitted for fifty trenching sites and ten drilling sites.

The Area 2 samples were collected from three separate locations consisting of angular float, sub crop or outcrop of rusty weathered, limonite stained quartz with trace to 5% very fine grained disseminated pyrite. Several of the samples exhibit remnant vugs or cellular boxwork structure.

A 2011 grid soil sampling survey indicates Area 2 hosts multiple, linear, parallel gold-in-soil anomalies with the strongest anomaly striking a minimum of 500 metres to a maximum of 650 metres in a northwestern direction.

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.

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”).

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: info@tascaresources.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 Commences Trenching Program on the Princeton Gold Property 2018-09-30T19:49:15-07:00

Tasca Provides Update to Finders’ Fees Paid for Private Placement

Vancouver, British Columbia (FSCwire) – Tasca Resources Ltd. (“Tasca”, “TAC” or the “Company”) (TSX Venture symbol: TAC) wishes to update its News Release of September 5, 2018 concerning the completion of its Private Placement Offering of Flow-Through and Non-Flow-Through Units to report a reduction in the amount of the total finders’ fee paid.  The cash finders’ fees reported in that News Release were reduced by $525.00 to a reduced total of $64,970 and the number of Brokers’ Warrants was reduced by 10,500 Brokers’ warrants to a reduced total of 590,500 Brokers warrants.

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: info@tascaresources.com

#830 – 1100 Melville St. | PO Box 43 | Vancouver | BC | V6E 4A6

Tel: (604) 341-6870 | Fax: (604) 395-7068

Website: www.tascaresources.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 Provides Update to Finders’ Fees Paid for Private Placement 2018-09-30T19:47:54-07:00

Tasca Options Pistol Lake Property in Newfoundland, Canada

Vancouver, British Columbia (FSCwire) – Tasca Resources Ltd. (“Tasca” or the “Company”) (TSX.V: TAC, FSE: 3TA) is continuing its focus in Newfoundland and is pleased to announce the acquisition of the 1,350 hectare Pistol Lake property from Arm’s Length vendors. Pistol Lake lies within a plus 400 km regional structural zone comprising the Cape Ray Fault – Valentine Fault –Rogerson Lake Structural Zone (CRF-VLS-RLS) running SW to NE through the centre of Newfoundland. This key structural zone hosts the: Benton Resources Inc. / Matador Capital Pty Ltd. Cape Ray gold deposits, Quadro Resources Inc. Staghorn gold zone, Marathon Gold Corporation Valentine Lake gold camp, Antler Gold Inc. Wilding Lake gold zone, and the recent Sokomon Iron Inc. Moosehead discovery. Tasca cautions investors the Company has not yet verified any of the exploration data from any of the above mentioned camps, deposits or zones.

President Clive Massey states, “Tasca continues to believe in the excellent exploration potential of Newfoundland and is very pleased with opportunity to acquire the option on the Pistol Lake property. On-going exploration continues to suggest CRF-VLS-RLS is a significant regional structure controlling the distribution of gold deposits through central Newfoundland. The initial exploration results at Pistol Lake suggest to Tasca’s technical team focussed exploration may well bring success. Tasca plans an aggressive exploration program once the technical team has reviewed and compiled the historic data set.”

The road accessible Pistol Lake property is comprised of 2 licenses totalling 54 claims and lies 37 kilometres southwest of Grand Falls. Pistol Lake is underlain by Silurian sandstones and siltstones with proximal felsic volcanic flows and intrusives, a setting favourable for epithermal precious metal mineralization similar to the above mentioned deposits. Epithermal textures in the quartz veins and stockworks are common at Pistol Lake.

Two areas meriting significant exploration are the Elliot showing and the Pistol Lake showing. Elliot is a hematite carbonate altered syenite intruding carbonate altered sandstones. Several angular quartz breccia boulders were located near the syenite. A trenching program had water issues and only a small amount of bedrock was reached. A total of 239 largely grab samples of the syenite and the quartz boulders returned values ranging from 5 to 3323 ppb Au with 7 of the samples returning values in excess of 1000 ppb or 1 g/t. In addition 597 soils samples were taken. Pistol Lake is 2 km south of Elliot and consists of angular quartz breccia boulders. Tasca cautions investors grab samples are selected samples and are not necessarily representative of mineralization hosted on the property.

Tasca’s technical team will immediately commence a thorough review and compilation of the historic exploration to develop an exploration program to locate the source of the epithermal quartz boulders for a follow up drill program.

Under the terms of the Option Agreement, Tasca will make cash payments of $40,000, issue 4,250,000 shares and complete $2,400,000 in exploration expenditures over the next four years. The Vendors will retain a 2% Net Smelter Return Royalty; Tasca will have the option to purchase 50% of this royalty for $1,000,000 at any time. The agreement is subject to approval by the TSX Venture Exchange (the “Exchange”).

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: info@tascaresources.com

#830 – 1100 Melville St. | PO Box 43 | Vancouver | BC | V6E 4A6

Tel: (604) 341-6870 | Fax: (604) 395-7068

Website: www.tascaresources.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 Options Pistol Lake Property in Newfoundland, Canada 2018-09-30T19:46:07-07:00

Tasca Closes Private Placements of Flow Through and Non Flow Through Units

Vancouver, British Columbia (FSCwire) – Tasca Resources Ltd. (“Tasca”, “TAC” or the “Company”) (TSX Venture symbol: TAC) is pleased to announce that, further to its News Release of August 10, 2018, it has closed its private placement offering of Non Flow Through Units (each a “NFT Unit”) and Flow Through Units (each a “FT Unit”), raising aggregate gross proceeds of $767,200.

In the private placement, Tasca sold 9,260,000 NFT Units at a price of $0.05 per NFT Unit for gross proceeds of $463,000, and 4,680,000 FT Units at a price of $0.065 per FT Unit for gross proceeds of $304,200, for aggregate gross proceeds of $767,200.

Each NFT Unit is comprised of one common share of the Company and one full share purchase warrant (each a “NFT Unit Warrant”).  Each NFT Unit Warrant entitles the holder to purchase one additional common share of the Company at an exercise price of $0.075 per common share until September 4, 2020.

Each FT Unit is comprised of one common share of the Company and one-half (1/2) of one share purchase warrant (each such whole warrant being a “FT Unit Warrant”).  Each FT Unit Warrant entitles the holder to purchase one additional common share of the Company at an exercise price of $0.10 per common share (which will not be a flow-through share) until September 4, 2020.

Finders’ fees were paid to three finders in the form of cash and brokers’ units, in the aggregate total of $65,495 in cash, 574,500 common shares and 601,000 brokers’ warrants.  Of the 601,000 total brokers’ warrants to be issued, 377,000 entitle the holder to purchase one additional common share at $0.075 per common share and 224,000 entitle the holder to purchase one additional common share at $0.10 per common share until September 4th, 2020

All of the securities issued in the private placement are subject to a four month and one day hold period.

A director of the company subscribed for 1,400,000 of the NFT Units sold in this private placement.  This director is considered to be a “related party” to Tasca within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and the issuance of these 1,400,000 NFT Units to him is considered to be a “related party transaction” within the meaning of MI 61-101, but this transaction is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in Section 5.5(a) of MI 61-101, and from the minority shareholder approval requirement of MI 61-101 by virtue of the exemption contained in Section 5.7(1)(a) of MI 61-101, in that the fair market value of the consideration paid for the NFT Units (on a partially diluted basis) by the related party does not exceed 25% of the Company’s market capitalization.

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: info@tascaresources.com

#830 – 1100 Melville St. | PO Box 43 | Vancouver | BC | V6E 4A6

Tel: (604) 341-6870 | Fax: (604) 395-7068

Website: www.tascaresources.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 Closes Private Placements of Flow Through and Non Flow Through Units 2018-09-30T19:44:27-07:00
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