Beardmore, ON – August 20, 2013 – The Tashota Group is pleased to announce that work has commenced on an access trail to the Tashota gold property, 150 kilometres northeast of Thunder Bay, Ontario. The new trail will allow improved access to the area of the 69,000-ounce Paulpic gold deposit, where the company plans a 1,385-metre diamond drilling program, to commence in September, 2013.
The 2013 diamond drilling program at the Paulpic deposit will comprise a mix of close drilling to increase the resource base and exploration to look for extensions and/or new zones along the mineralized trend. It is intended to accomplish four separate objectives: (1) infill drilling of the main Paulpic deposit to a depth of 125 metres, with a view to increasing the mineral resource, (2) to test for a possible western extension of the deposit, (3) to test for gold mineralization 500 metres to the west, where the iron formation that hosts the gold mineralization curves to the south in a fold structure revealed by geophysical surveys conducted in 2011 and (4) to test a magnetic anomaly 600 metres to the west of the main deposit, where no previous drilling had been done.
Approximately 200 metres of diamond drilling will also be test the Wascanna gold deposit. The Wascanna shaft was sunk between 1917 and 1937, with underground development on three levels. A 1935 plan shows a high grade gold shoot on the 100 ft level. The surface outcrop of the gold zone is mostly covered in development rock from the underground workings, although the zone is exposed for a couple of metres beside the shaft. Two adjacent channel samples at that point gave average assays of 19.40 grams of gold per tonne across 1.85 metres and 6.10 grams of gold per tonne across 2.63 metres. The drill program will determine the extent, continuity and average grade of the zone between surface and the 100-ft level. This information will allow the company to make plans for dewatering of the shaft and a possible underground bulk sampling program.
The Paulpic gold zone lies about 1 kilometre north of the main Canadian National transcontinental rail line. Previous access had involved a long, very rough trail from the north. In 2012, the company contracted with CN to install an uncontrolled crossing in anticipation of accessing the area from the south. The new access trail will lead from existing roads, a distance of 4.5 kilometres, to the rail crossing. This will shorten the access route by over 40 kilometres and substantially reduce the time required to reach the property, which will reduce the overall cost of the Paulpic drill program.
About the Tashota Group
The Tashota Group is comprised of Markinch Resources Inc., Advandtel Minerals (Canada) Ltd., and Tashota Resources Inc., all of which are Canadian-based junior mining companies and are joint-venture partners conducting exploration activities for precious metals on approximately 14,600 acres in the Beardmore-Geraldton Gold Camp, north east of Thunder Bay, Ontario. Each member of the Tashota Group is focused on providing increased value to its respective shareholders and doing so in a socially and environmentally responsible manner. In consideration of this objective, the Tashota Group members were pleased to execute an Exploration Agreement with Aroland First Nation and Animbiigoo Zaagi'igan Anishinaabek First Nation in May 2013.
For further information, please contact the Tashota Group.
Toll Free: 1-888-928-4669
Facsimile: 416-849-1440
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Technical information in this news release has been prepared and/or reviewed by Colin Bowdidge, Ph.D., P.Geo., a Qualified Person as defined in National Instrument 43-101, and President of Markinch Resources Inc.
