2014 - Tashota Resources

Tashota resources Inc. (TRI) enters into farmout agreement on Opinaca gold property, Northern Quebec, with trincan capital corp subsidiary Markinch Resources Inc (MRI).

2014-11-07T14:24:13+00:00

Charles J. Elbourne, President and CEO of Tashota Resources Inc. (TRI) (“Tashota” or the “Company”) is pleased to announce that (“TRI”) has executed a binding letter of intent that will grant the Company, the right to earn a 50% interest in the 18,609-acre Opinaca gold property in northern Québec.

In order to earn the 50% interest in the Opinaca property, Tashota must pay MRI $40,000 and issue MRI 3,000,000 shares of Tashota within 15 days of signing, plus spend $75,000 on exploration of the property within 18 months. Tashota Resources Inc. is at present a private company engaged in mining exploration. It holds properties in the Beardmore-Geraldton gold belt (the “Tashota Project”), and adjacent to Barrick Gold’s Hemlo gold mines (“Hemlo South”), both in northwestern Ontario.

The Opinaca property comprises 144 mining claims in two blocks, located 16 kilometres southwest of Goldcorp’s Roberto gold mine on its Éléonore property. The Roberto mine is Canada’s newest gold mine; it commenced production in October 2014, with a planned ultimate production rate of 600,000 ounces of gold per year. The Roberto deposit has a probable reserve of 4,030,000 ounces of gold grading 6.49 grams per tonne of gold (g/t Au), plus an inferred mineral resource of 4,100,000 ounces of gold at 9.63 g/t Au.

The Opinaca property is surrounded on three sides by Virginia Mines, the Québec-based company that discovered the Éléonore-Roberto gold deposit in 2004. On the fourth (east) side the Opinaca claims are adjoined by a claim block held by a 3-way joint venture between Goldcorp, Exploration Azimut and Eastmain Resources, as well as the Cheechoo property of Sirios Resources Inc., which has reported surface grab samples assaying up to 209 g/t Au.

Prior to the discovery of Éléonore-Roberto in 2004, the area was essentially unexplored, and there is no record of any exploration on the Opinaca property before it was staked by MRI in 2010. Preliminary prospecting on the Opinaca property has located boulders assaying up to 1.36% copper and 0.8 g/t Au. Boulder prospecting is a proven and effective method of exploration in glaciated terrains; in fact the Éléonore-Roberto gold deposit was discovered by tracing mineralized boulders back to their source. An airborne magnetic-electromagnetic survey of the property has delineated several clusters of anomalies that line up along an interpreted deformation zone that runs west and southwest from Éléonore-Roberto and crosses the whole width of the Opinaca property. Deformation zones represent generally favourable sites for gold mineralization in greenstone-type geological environments.

Charles J. Elbourne, President of Tashota Resources Inc. stated, “Management of Tashota is pleased to have entered into this farmout agreement with Trincan/Markinch for the “Opinaca” property in James Bay, Quebec, as this project will further our objective of acquiring properties in the immediate vicinity of producing gold mining operations of major companies. With the “Opinaca” situated merely 16 kilometres south west of the Goldcorp Éléonore (now in production) and the Hemlo South project in Marathon, Ontario; a mere kilometre from Barrick Gold’s Hemlo Mine, Tashota is well positioned with its portfolio of properties to benefit from major exploration efforts on its mining claims.”

Management is also pleased to announce that it has entered into negotiations with management of Advandtel Minerals (Canada) Ltd. (AMCL), a private Canadian mining company, to acquire a significant interest in the AMCL “Opinaca” property, between the two Markinch “Opinaca” claim blocks. AMCL holds approximately 4,500 acres of mining claims adjacent to the Markinch claims. The combined holding of MRI and AMCL cover over 23,000 acres of claims and the property is surrounded by Virginia Mines, the original discoverer of the Éléonore deposit.

TLCX Explorations Inc. (TLCX) Provides Update on Option Agreement with ADSA Concerning 8,000 acre Dominican Republic Concession

2014-07-24T14:24:13+00:00

In a previous news release (December 19, 2013) TLCX management had announced a successful completion of an Option Agreement with Advandtel Dominicana SRL, (ADSA) wherein ADSA had agreed that, based on a combination of cash and treasury shares of TLCX, TLCX could acquire a 100% working interest in the (previously Majugual) 8,000 acre Angelica Concession, subject to approval from the Director General of Mining (DGM) and shareholders of TLCX and Tashota Resources Inc. The concession in question was held initially by Energold Drilling which had optioned the property to ADSA.

On April 25, 2014 Energold was advised by the DGM that the DGM was not renewing the option to Energold Drilling. Energold reapplied for consideration from the DGM but was notified that the concession would not be renewed. On July 16, 2014 ADSA management directly applied to the DGM for the concession. ADSA presently is waiting on the results of its application, and is hopeful that the new registration will be granted, at which point TLCX will reopen negotiations with ADSA to acquire the Concession.

Recently, due to the development of a new Ministry of Mines (MOM) in the Dominican Republic, the government has taken a renewed interest in the mining sector with a view to improving the issuing of new licenses for mineral exploration. Unfortunately this approach has resulted in many concessions not being renewed, or delayed due to the integration of the MOM and the DGM offices. Although ADSA is hopeful that the concession will be granted, there is no guarantee that such grant will be provided by the DGM.

Tashota completes air-borne geophysical survey on "Hemlo south" property and subsidiary (Parklane energy) enters negotiations on oil and gas joint venture.

2014-07-14T14:24:13+00:00

Tashota Resources Inc. (TRI) is pleased to announce that on July 13, 2014 the company completed a 327 kilometre helicopter-borne geophysical survey on its 3,517 acre Hemlo South property conducted by PROSPECTAIR GEOSURVEYS INC. of Gatineau, Quebec.

Results of the survey are expected within the next two weeks, which will then be followed up with surface sampling based on the air-borne results prior to determining drill targets of interest.

Diamond drilling is expected to commence during the fall drilling season. Existing logging roads on the property are satisfactory for drill equipment access and water is readily available for drilling.

The air-borne survey was conducted within 1000 metres of the existing Barrick Gold Hemlo Williams Mine property boundary that along with the adjacent Golden Giant and David Bell Mines produced over 21 million ounces of gold. Barrick Gold has published additional reserves plus resources of 2.9 million ounces, to the end of 2013.

Tashota is also pleased to report that, through its 100% owned subsidiary PARKLANE ENERGY CORP. (PEC), management has initiated discussions with two junior oil and gas companies situated in Saskatchewan to joint venture with either or both companies on their existing land holdings.

These companies have existing producing wells operating in the Lloydminster (heavy oil), Dodsland and Fiske area (light oil) of Saskatchewan.

The Fiske and Dodsland area is well known for the ongoing Viking formation play, presently being conducted by several junior oil companies. Management looks forward to completing a potential farm-in arrangement through a joint venture deal with either or both companies with whom it is presently in ongoing discussions.

Tashota Provides Further Update On Recently Acquired "hemlo South" Property

2014-06-16T14:24:13+00:00

Tashota Resources Inc. (TRI) is pleased to announce that June 13, 2014 the company signed an agreement with PROSPECTAIR GEOSURVEYS INC. of Gatineau, Quebec to commence a helicopter-borne geophysical survey on its Hemlo South property during the week of July 1st.

Using a Eurocopter EC120 helicopter, Prospectair will conduct a magnetic (MAG), time-domain electromagnetic (TDEM) and spectrometric (SPEC) data survey over a distance of approximately 262 kilometres. This survey will be conducted within 1000 metres of the existing Barrick Gold Hemlo Williams Mine that along with the adjacent Golden Giant and David Bell Mines produced over 21 million ounces of gold within 1 kilometre of the Hemlo South property boundary, and Barrick Gold has published additional reserves plus resources of 2.9 million ounces, to the end of 2013.

The survey will cover the 3,517 acre Hemlo South Property using Prospectair’s Pico-Envirotec AGIS-XP system. The Airborne Geophysical Information System (AGIS-XP) is advanced, software driven instrument specifically designed for mobile aerial or ground geophysical survey work. The AGIS instrumentation package includes an advanced Satellite navigation (GPS), real-time flight path information that is displayed over a map image (BMP format) of the area, and reliable data acquisition software. Thanks to simple interfacing, the radar and barometric altimeters, the RSI spectrometer and the Geometrics magnetometer are easily integrated into the system and digitally recorded.

A soil geochemical survey in 1988 on the Hemlo South property, indicated gold values (analyzed by fire assay with AA finish) of up to 151 parts per billion (ppb) in soils. Background levels of gold in soil are quite high, suggesting a possible ice-transported anomaly from the main Hemlo gold deposits. However, the gold values increase systematically as the anomalous trend is followed to the west-southwest - away from the Hemlo deposits, strongly suggesting a gold source on the Hemlo South property itself.

Tashota Provides Update On Recently Acquired "hemlo South" Property

2014-05-13T14:24:13+00:00

TASHOTA PROVIDES UPDATE ON RECENTLY ACQUIRED "HEMLO SOUTH" PROPERTY

Tashota Resources Inc. (TRI) is pleased to announce its exploration program to be undertaken during the summer-fall 2014 season.

As soon as spring breakup allows road access, TRI plans to explore the 3,517-acre Hemlo South property, which lies just south of the three Hemlo gold mines. A total of 21 million ounces of gold has been produced within 2 kilometres of the property boundary, and Barrick Gold has published additional reserves plus resources of 2.9 million ounces, to the end of 2013.

Despite its location close to three major gold mines, the Hemlo South property has seen very little exploration in the past, and more than 90 percent of its area is essentially unexplored. A limited area was covered by a soil geochemical survey in 1988, on very wide line spacing. The survey did however indicate gold values (analyzed by fire assay with AA finish) of up to 151 parts per billion (ppb) in soils. Background levels of gold in soil are quite high, suggesting a possible ice-transported anomaly from the main Hemlo gold deposits. However, the gold values increase systematically as the anomalous trend is followed to the west-southwest - away from the Hemlo deposits, strongly suggesting a gold source on the Hemlo South property itself.

In addition, an airborne magnetic and electromagnetic (EM) survey carried out in 1983 and reprocessed by the Ontario government in 2002, shows numerous weak EM anomalies. In the gold business, weak EM anomalies are often more important than the strong ones. As an example, the Hemlo deposits themselves gave a minimal EM response to airborne surveys but did respond to ground VLF (very low frequency) EM surveying.

Tashota Resources plans a systematic and comprehensive exploration program to evaluate the potential of the Hemlo South property.

A new airborne survey with close line spacing, using magnetics and an appropriate EM system, probably VLF (also known as XDS);
A new soil geochemical survey to refine and extend the anomaly located in 1988;
Intensive prospecting (“boots on the ground”);
Geological mapping; and finally
Diamond drilling to test targets developed by the airborne and surface exploration.

Tashota Resources Inc. Announces Appointment Of Director

2014-03-10T14:24:13+00:00

Tashota Resources Inc. (the “Company” or “Tashota”) is pleased to announce the appointment of Rudolf (Rudy) Wahl to its Board of Directors.

Rudy may be considered the itinerant prospector who has been constantly in search of new mineral discoveries during the past 24 years. His prospecting tenacity has continuously resulted in new findings in the Marathon – Hemlo Mining Camp, including:

In 2008 the first diamond discovery within the Killala Lake area – over 60 macro diamonds including 8 commercial sized diamonds.
Several gold occurrences within the Marathon – Hemlo area.
In 2012 Large Para Lamproite site discovered, first sample returned micro diamonds -G10 - G9 - G3 Garnets & the Olivine are within the Kimberlite trend.
During the past 3 years, the discovery of 17 new rare earth occurrences, 2 uranium occurrences, 2 new Niobium P205 occurrences; all within the Thunder Bay South District.

On April 3, 2012 Rudy was rewarded for his perseverance at the Northwestern Ontario Prospectors Association Awards Banquet held at the Northwestern Ontario Mines and Minerals Symposium Thunder Bay. NWOPA President John Halet presented Rudy with the Lifetime Achievement Award for outstanding work as a prospector in Northwestern Ontario.

But Mr. Wahl’s background experience doesn’t stop at prospecting. From 1989 to 2005, Rudy was Mechanical Leader working underground at Barrick Gold Corporation’s Hemlo Williams Mine. The Hemlo camp is one of Canada's most prolific mining regions, having produced approximately 24 million ounces of gold in less than 20 years. From 2005 to 2008 Rudy continued to work for Barrick Gold in the role of Continuous Improvement Coach / Facilitator / Coordinator; this role included linking continuous improvement projects to business strategy; coach and support CI representatives and project leaders, and work with leaders to educate workgroups in CI improvement processes.

Charles J. Elbourne, President of Tashota Resources Inc. stated, “Rudy’s 24 years of prospecting knowledge in the Marathon - Hemlo Mining Camp (MHMC) as well as his thorough knowledge of the Hemlo Williams Mine makes him an ideal Director for the Company. We are looking forward to his contribution developing our expansion into the Hemlo Gold Camp.”

Tashota Announces Acquisition In “shebandowan Greenstone Belt”, Northern Ontario

2014-02-24T14:24:13+00:00

TORONTO, ONTARIO, February 24, 2014 – Tashota Resources Inc. is pleased to announce that it has entered into an option agreement to acquire a 50% interest in 196 units (7,840 acres) from Echo Ridge Resources Inc. (“ERR”) situated 120 kilometres west of the city of Thunder Bay in northwestern Ontario.

The option agreement consists of $20,000 on signing, 200,000 Tashota Resources Inc. shares; and subsequent option payments of $25,000, $30,000, $25,000, $25,000 and $20,000 on the 1st, 2nd, 3rd, 4th and 5th anniversaries. Exploration expenditures of $50,000, $100,000 and $150,000 are required before the 1st, 2nd and 3rd anniversaries. A 3% NSR royalty is payable, with option to reduce it to 1% by Payments of $500,000 per 0.5% reduction.

An Exploration Permit, valid for three years, has been granted to ERR by the MNDM, allowing it to carry out stripping, trenching and diamond drilling. ERR has also posted an Exploration Plan with MNDM allowing it to do line cutting and survey work. ERR has also signed a MOU with Lac des Mille Lacs First Nation (LDMNFN). ERR recognizes traditional territorial rights of LDMLFN and has agreed to keep LDMLFN informed about its activities, grant employment and business opportunities to band members and their businesses, and sign an IBA at an appropriate time. ERR has also agreed to keep the Métis Nation of Ontario informed about its activities.

The “Shebandowan Greenstone Belt”

The areas known as “The Shebandowan Greenstone Belt” has become a prolific gold play (see Figure 3 and 6 in “Shebandowan” section). The “ERR” property is a promising copper-gold-silver-molybdenum diorite/porphyry prospect that is adjacent to several junior resource companies, including; Rainy Mountain Royalty Corp ( www.rmroyalty.com ); Pele Gold Corp, subsidiary of Pele Mountain Resources ( www.pelemountain.com ) ; and Viking Gold Exploration/ Golden Share Mining Corp. ( www.vikinggold.ca ) / (www.goldenshare.ca ). Other notable major companies operating in the Belt include; Cliffs Chromite (www.cliffsnaturalresources.com ) approximately 10 kilometres south of the Echo property, and Xstrata (www.glencorexstrata.com ) directly to the east. Recently, Moss Lake Gold Mines (www.mosslakegold.com ) to the east of ERR was acquired 100% by its parent company, Wesdome (www.wesdome.com).

Highlights: Echo Ridge Property

Results from this past year of prospecting have revealed six new discovery areas with results as high as 6.97% Cu, 4.5 g. /t Au, 66 g. /t Ag and 0.4% Mo. Such wide spread Cu-Au-Ag-Mo occurrences bodes well for a major drill program.
The Echo Ridge Property is composed of a diorite intrusive with multiple porphyry prospects. There are at least six drill ready targets along a six to seven kilometer stretch. Preliminary work completed in 1990 by Noranda to the NE of the new discoveries indicated presence of significant Cu mineralization within the diorite (.58% Cu, 0.10 g. /t Au and 7.7g. /t Ag over 8 metres).
In 1990, a small drill program on a newly acquired nine unit block tested the mineral occurrence and returned 0.52 g./t Au, 31.8 g./t Ag, 1.75% Cu over 1 meter. Surface grab samples from similar mineralization assayed as high as 13.3 g. /t Au and 4.2% Cu.
Additional three blocks of claims staked this past year cover gold values reported by Murgor Resources. Gold with values of 22.1g. /t and 19.2g/t is hosted by moderately sheared quartz feldspar porphyry (a dike of unknown thickness).
There exists an extensive nearby infrastructure with a paved Highway #11, hydro line and railroad approximately 25 kilometers away. Resolute Forest Products maintains a number of logging roads that traverse Echo Ridge Property. This allows for easy access to promising unexplored grounds.
Topography at Echo Ridge is favourable with flat to rolling hills. Similar rock types that host copper mineralization of the past producing North Coldstream Copper Mine occur on the Echo Ridge Property. North Coldstream Copper Mine is approximately 19 kilometers to the east.
Excellent government geological services are in place as well as congenial First Nation’s relationships. In all planning for options with the Echo Ridge Project, Echo Ridge’s management has filed Exploration Plans & Permits (EPP). Aboriginal communities potentially affected by the EPP activities have been notified by the Ministry of Northern Development and Mines (MNDM) and have had an opportunity to provide feedback before exploration activities can be carried out. Recently, Echo Ridge has drawn up a workable Memorandum of Understanding (MOU) with the Lac des Mille Lacs First Nation. All parties will work constructively together to build a relationship of respect, tolerance and sharing.
Roughly, 50 kilometers west is the town of Atikokan. The town of Atikokan or the lodges nearby can provide food and lodging. The city of Thunder Bay is 120 kilometers to the east. The Thunder Bay District is the hub of mining activity for Northwestern Ontario. Many mining companies have field offices in the city as well as support companies (e.g. 3 assay offices).
Recent prospecting has revealed a structurally controlled shear zone going through the property. It is concluded that this shear zone is on strike with Viking Gold’s/Golden Share Mining’s “Larose” property that has a high-grade auriferous corridor.
The “Larose” was prospected by Tashota’s newly appointed Director, Mr. Russell Kwiatkowski for which he received the 2004 Discovery of the Year Award.
Sinotech Minerals Exploration Co. Ltd.; a leading Chinese mineral exploration and development company has taken a strategic position in the Shebandowan area by way of a merger of Golden Share Mining with Silvore Fox Minerals Corp. While parts of the area has been explored in the past by Noranda and others; the presence of “new” massive to disseminated mineral bearing sulphides in altered and sheared diorite, as well as, multiple porphyries makes this area a prime target for further discoveries.

Tashota Resources Inc. Forms oil & gas subsidiary

2014-02-09T14:24:13+00:00

Toronto, ON – February 10, 2014 - Tashota Resources Inc. (“TRI”) is pleased to announce the incorporation of a wholly owned subsidiary named Parklane Energy Corp. (“PEC”). PEC will act as the General Partner in Parklane Energy Master LP (“PEMLP”) to be established for the purpose of acquiring and/or participating in the development of known and probable oil & gas reserves held by junior public, as well as private, companies in Western Canada and other jurisdictions, including the United States.

Due to current financial market conditions, many junior public companies in the oil & gas sector have been unwilling to raise new investment funds at current stock prices despite holding substantial assets of known and probable reserves. To address their on-going capital requirements, rather than suspending operations, many juniors are now turning to joint ventures in the private marketplace to maintain and develop their properties.

TRI views this situation as a substantial opportunity for private investors to participate in a segment of the market normally reserved for large oil companies. Consequently, it formed PEC and PEMLP, which will start offering limited partnership units to qualified investors in the coming weeks under appropriate securities documentation.

PEC has identified several joint venture partnership opportunities with junior companies already in production, and has initiated discussions with a junior public company to jointly capitalize up to seven wells, at a cost of approximately $9,800,000. Effectively, funds raised and invested in PEMLP will be put to work immediately with an expectation of generating income in the near term.

This strategy of expanding into oil & gas will also directly benefit TRI, as it plans to utilize the sustainable cash flow it generates from PEC to enhance its on-going gold and copper mineral exploration activities in northwestern Ontario and to finance the acquisition of other prospective exploration properties it is presently considering for its portfolio.

This news release contains forward-looking statements (including "forward-looking information" within the meaning of applicable Canadian securities legislation relating to, among other things, the operations of TLCX and the environment in which it operates. Generally, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".

Due to the inherent risks associated with such forward-looking statements, undue reliance should not be placed on them. In addition, all forward-looking statements in this email are given as of the date hereof. TRI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws. The forward-looking statements contained herein are expressly qualified by this disclaimer.