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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+00:00

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+00:00

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+00:00

Tasca Signs LOI to Option for Sale Its Bleiberg project

Vancouver, British Columbia (FSCwire)Tasca Resources Ltd. (“Tasca”, “TAC” or the “Company”) (TSX Venture: TAC) (Frankfurt: 3TA) is pleased to announce that it has entered into a non-binding Letter of Intent (“LOI”) to option for sale to an arms-length private party (“Optionor”), its Bleiberg zinc-lead-germanium-fluorite project, located in southern Austria, west of the city of Villach (the “Bleiberg Property”). The Bleiberg Property consists of 116 mining concessions in the land registry municipalities of Bad Bleiberg, Nötsch im Gailtal, St. Stefan im Gailtal and Paternion in southwestern Austria.

The Optionor will have 45 days from the signing of the LOI to complete its due diligence on the Bleiberg Property in order to enter into a definitive option agreement with Tasca whereby the Optionor would acquire a 100% right, title and interest in the Bleiberg Property.

Subject to the completion of satisfactory due diligence and within 45 days of signing of the LOI, closing of a concurrent financing by the Optionor and the subsequent entry into the Option Agreement, the Optionor will acquire a 100% ownership in Bleiberg on closing of the Option Agreement which entails the Optionor:

(a)  within 45 days from the signing of the LOI, and upon signing the Option Agreement,  issuing 1 million common shares of the Optionor to TAC (or its assign) and paying CAD$60,000.00 to TAC.

(b)  paying CAD$90,000 to TAC within 6 months of signing of the Option Agreement;

(c)  paying CAD$100,000 to TAC within 12 months of signing of the Option Agreement.

The parties will have 20 days to close the transaction (including a concurrent financing by the Optionor) once the Option Agreement is signed.

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.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Tasca06212017.pdf

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

Tasca Signs LOI to Option for Sale Its Bleiberg project 2017-06-21T16:39:47+00:00

Tasca Announces Change of Director and Officer

Vancouver, British Columbia, May 16, 2017Tasca Resources Ltd. (“Tasca”, “TAC” or the “Company”) (TSX Venture symbol: TAC) is pleased to announce the appointment of Mr. Alexander Helmel as CFO, director and audit committee member filling the vacancy created by the resignation of Mr. Jeff Varah as CFO, director and audit committee member.  The Company would very much like to thank Mr. Varah for his service to the Company for the past several years and wishes him all the best in his future endeavours.

Mr. Helmel has served as CFO and director of several junior mining and early stage venture companies within the Canadian Capital Markets including Fandom Sports Media Corp., Lateral Gold Corp., and Windfire Capital Corp.  Mr. Helmel focuses on corporate governance, private to public market transitions, the development of senior management teams, and corporate growth strategies.

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

ON BEHALF OF THE BOARD OF DIRECTORS

“Clive Massey”

Clive H. Massey

President & CEO

Tasca Announces Change of Director and Officer 2017-05-17T15:37:05+00:00

Tasca Resources enters into LOI to acquire the Fuente De Oro Property in Nicaragua

Vancouver, British Columbia, May 02, 2017Tasca Resources Ltd. (“Tasca”, “TAC” or the “Company”) (TSX Venture: TAC) (Frankfurt: 3TA) is pleased to announce that it has entered into a non-binding Letter of Intent (LOI”) with Central American Mining Corp. (CAMC”) to acquire 100% of Central America Mining S.A. a private Nicaraguan company (“CAM.SA”) which is the beneficial owner of the Fuente De Oro Property, located in the Municipality of Santo Domingo, Department of Chontales, Nicaragua.

Subject to completing due diligence TAC and CAMS, within 45 days of signing of the LOI, and subsequently signing a formal option agreement (the Acquisition Agreement), TAC will have a 100% ownership off CAM.SA on the signing of the Acquisition Agreement, issuing 2 million common shares and paying the Vendor US$66,000.00. The transaction is subject to the Company obtaining all necessary approvals from the TSX Venture Exchange.

Fuente De Oro Property

The Fuente De Oro property encompasses 85.7 square kilometers (21,178 acres) of mineral rights which is considered highly prospective for gold and silver. Exploration conducted by the original property owners led to the identification of a felsic intrusive center, flanked by silicification and extensive siliceous sinter (paleo-hotspring) deposits. Reconnaissance traverses over the area identified a broad zone of sub-angular to rounded surficial vein material highly anomalous in gold and silver. In total, 30 samples were taken, with values ranging from background up to 35.6 g/t gold and 224 g/t silver. These exploration results have not yet been verified by Tasca Resources Ltd

Fuente De Oro is located on strike and is less than 10 km’s away from B2Gold Corp.’s 100% owned La Libertad open pit gold mine. The La Libertad mine produced 132,431ounces of gold with an operating cash cost of $659 per ounce in 2016. . B2Gold Corp.’s Jabali Central and Jabali Antenna projects which are within 5KM of Fuente De Oro, are scheduled to go into production Q3. (http://www.b2gold.com/projects/producing/la-libertad/). La Libertad and Jabali are low-sulphidation adularia-sericite gold silver systems. The data on the La Libertad and Jabali deposits has not been independently verified by Tasca Resources Ltd. Further, the presence of mineralization on these two B2Gold Corp. properties in not necessarily indicative on mineralization on the Fuente De Oro property

About Tasc

Tasca Resources Ltd. is a Canadian based mining company that is focused on acquiring properties through strategic joint ventures and property acquisitions. Tasca has signed a Property Option Agreement to acquire the Bleiberg zinc-lead-germanium-fluorite project, located in southern Austria, west of the city of Villach.

Qualified Persons

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”).

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

ON BEHALF OF THE BOARD OF DIRECTORS

“Clive Massey

Clive H. Massey

President & CEO

Tasca Resources enters into LOI to acquire the Fuente De Oro Property in Nicaragua 2017-05-10T01:13:56+00:00

Tasca Resources Starts Trading on the Frankfurt Stock Exchange

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 completed the listing process of its common shares on the Frankfurt Stock Exchange and is now trading under the symbol “3TA” on the Quotation Board of the Frankfurt Stock Exchange, also known as Börse Frankfurt (FWB). The market maker representing Tasca in Germany is Bankhaus Scheich Wertpapierspezialist AG, licensed specialist at the Börse Frankfurt.

The listing of Tasca’s shares on the Frankfurt Stock Exchange is anticipated to broaden the Company’s shareholder base in Europe and increase trading activity in its shares, while at the same time facilitating investment in Tasca by the European investing community. Tasca will maintain its primary listing on the TSX Venture Exchange.

The Frankfurt Stock Exchange is the world’s third largest organized exchange-trading market in terms of turnover and dealings in securities. Only the NASDAQ and the New York Stock Exchanges are larger. The electronic trading platform of the Frankfurt Stock Exchange, XETRA, has made it the world’s second-largest fully electronic cash market.

Tasca believes the Frankfurt listing marks another step forward for the Company in creating more liquidity and increase market awareness for its shareholders.

Tasca CEO Clive Massey stated, “Listing Tasca on the Frankfurt Stock Exchange as well as the TSX Venture Exchange will give the Company exposure to a much larger potential investor base. We feel this is a great opportunity for Tasca to introduce the Company and its Bleiberg Property to a receptive European investing audience.”

About Tasca

Tasca Resources Ltd. is a Canadian based mining company that is focused on acquiring properties through strategic joint ventures and property acquisitions. Tasca has signed a Property Option Agreement to acquire the Bleiberg zinc-lead-germanium-fluorite project, located in southern Austria, west of the city of Villach. The Bleiberg Property consists of 116 mining concessions in the land registry municipalities of Bad Bleiberg, Nötsch im Gailtal, St. Stefan im Gailtal and Paternion in southwestern Austria. The Bleiberg Property hosts an extensive mining infrastructure with more than 1150 kilometres of tunnels and 3 mine shafts. Historic production was about 500,000 tons per year, and it was one of the 6 largest Germanium producers in the world while it was in production. Mineralization consists of stratabound galena and sphalerite within Triassic limestones and intercalated carbonates. The sphalerite also carries average values of 200 parts per million germanium and 2000 parts per million cadmium. The historically mined mineralized bodies were stratiform zones ranging from 1 metre thick and 100 metres in diameter to 5 metres thick and several hundred metres in diameter

Tasca Resources Starts Trading on the Frankfurt Stock Exchange 2017-04-03T14:46:06+00:00

Tasca Enters into Definitive Agreement to Option Zinc Lead Germanium Past Producer

Vancouver, British Columbia (FSCwire) – Tasca Resources Ltd. (TSXV – TAC) (“Tasca” or “the Company”) is pleased to announce the signing of the definitive agreement (the “Agreement”) between Tasca and Samarium Borealis Corp. (“Samarium”) whereby Tasca has the option to acquire up to a 100% undivided interest (the “Option”) in and to 116 mineral concessions known as the Bleiberg Project (the “Property”), located in the land registry municipalities of Bad Bleiberg, Nötsch im Gailtal, St. Stefan im Gailtal and Paternion in southwestern Austria as referred to in the Company’s press releases dated October 18, 2016 and November 7, 2016.

Option Agreement

Under the terms of the Agreement, Tasca may earn a 100% undivided interest in the Property by paying to Samarium an aggregate of $120,000, with $60,000 payable upon the acceptance of the Agreement by the TSX Venture Exchange (the “Effective Date”) and an additional $60,000 payable within two years from the Effective Date of the Agreement.  Upon the completion of the above payments, Tasca will hold a 100% undivided interest in the Property.

About the Bleiberg Project

The Bleiberg Property hosts an extensive mining infrastructure with more than 1150 kilometres of tunnels and 3 mine shafts. Historic production was about 500,000 tons per year, and it was one of the 6 largest Germanium producers in the world while it was in production. Average grades were 6 percent zinc, 1 percent lead and 200 parts per million (ppm) germanium.

Source: ARCHIV FÜR LAGERSTÄTTENFORSCHUNG DER GEOLOGISCHEN BUNDESANSTALT, Arch. f. Lagerst.forsch. Geol. B.-A. ISSN 0253-097X Band 18 S. 5–33 Wien, Juni 1995, Austrian Resource Potential of Specialty Metals (Ga, In, Tl, Se, Te, Cd) in Lead-Zinc and Other Ores.

Finder’s fees of 10% (cash) will be paid in connection with the transaction.

The closing of this transaction and the payment of the finder’s fees are subject to the approval of the TSX Venture Exchange (“TSXV”).

Tasca Enters into Definitive Agreement to Option Zinc Lead Germanium Past Producer 2017-04-03T16:03:11+00:00
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