2017 - Tashota Resources

Management is pleased to provide a 2017 year-end update on our strategically positioned properties at Hemlo, Shebandowan, and Opinaca.

2017-12-21T18:12:05+00:00

HEMLO

Barrick Gold continues to expand its operations at the Hemlo Williams Mine and open pit, situated approximately 35 kilometres east of Marathon, Ontario. Although the Hemlo mine complex has produced over 22,000,000 ounces of gold in the past 30 years, there appear to be continuous opportunities at the mine for many years of ongoing production based on statements from Barrick Gold during 2017.

Tashota completed field work on its Hemlo South, Hemlo North, Hemlo West and Hemlo Pinegrove properties in the summer and fall of 2017, including; trenching, increasing road access, and sampling. This work was done in preparation for drilling operations to be performed in 2018.

Tashota's Hemlo South claims (3,318 acres) are situated within 1,100 metres of Barrick’s Williams Mine open pit and Hemlo West claims (11,000+ acres) situated approximately 2.5 kilometres west of the Williams open pit.

Of particular importance is the anticipated work that Barrick is expected to complete during 2018, especially if they expand the mine to the north and west, as this area contains interpreted shear zones that appear to run east-west through Tashota's Hemlo West property as illustrated in the map below.

Barrick’s 2017 announcements and graphics on Hemlo suggest they intend to expand to the west and north of the open pit and William’s shaft, as illustrated by their statement in their VRS Case Study, wherein they mention having (1) doubled their Hemlo property footprint, removing mining and tailing storage constraints, (2) during 2016 conducted a Comprehensive Hemlo Geological Study, and (3) determined that, based on the study and field work, concluded that the future of Hemlo would be “Go West, go deep, automate”. Here Barrick Operations and Technical Update.

This decision by Barrick bodes well for Tashota since the companies’ Hemlo West claims appear to be directly in the path of Barrick’s proposed work program for 2018 through 2021.

Of particular geological interest are the interpreted (by Kaminak Gold) three (3) shear zones that appear to run east-west through the upper section of the open pit (SZ1), as well direct north of the open pit and Williams shaft (SZ2).

Previous work on Hemlo West by other companies has substantiated that there are gold showings on the property, suggested by both sampling and minor shallow drilling.

Management of Tashota is well positioned to take advantage of any and all news emanating out of Barrick’s Hemlo camp in 2018 and as a result intends to drill the Hemlo West property during 2018, following developments announced by Barrick on their ongoing work program.

SHEBANDOWAN

As previously mentioned in an earlier news release, the Shebandowan Gold Camp (SGC) has taken on a new life in the past two (2) years. Especially during 2017 there has been continuous field work and drilling by Wesdome Mines (WDO:T), situated approximately 7 kilometres southeast of our Larose property.

Also, Kesselrun Resources (KES: V) having acquired the former Huronian Mine property, adjacent to Larose, has reported very encouraging results from their summer-fall field work, including channel sample results of 7.7 g/t Au, 23.9 g/t Ag over 3.1 metres. KES also extended their Trench 2 Zone, that yield excellent samples of 99.2 g/t gold and 42.9 g/t at T2SW.

Of particular interest was Kesselrun’s field program consisting of ongoing prospecting, and structural mapping guided by an Umanned Aerial Vehicle (“UAV”) magnetic gradiometry survey over the target area. The results of the UAV magnetic survey led to an interpretation of the location of the Huronian Shear Zone, different from previous interpretations.

This new interpretation as outlined on their website map, illustrates a New Shear Zone Interpretation, with a north-east orientation. A new shear zone with the same orientation, containing high grade gold mineralization, was discovered at the Alexander Trench on Tashota’s Larose property during the fall of 2017.

"The Larose property is underlain by Precambrian sedimentary rocks. Gold exploration in the Canadian Shield has traditionally focussed on areas of volcanic rock, and many hundreds of millions of ounces have been mined from gold deposits in volcanics. However, the potential of Precambrian sedimentary rocks to host gold mineralization is slowly being recognized. To illustrate, the latest two new gold mines in Canada - Goldcorp's Éléonore and Osisko's Malartic mine - are both hosted in sedimentary rocks. The Larose property, because of its sedimentary geology, has been largely ignored by prospectors and exploration companies, with the result that there are discoveries waiting to be made. The Alexander trench was found during a 10-day prospecting program in 2017, and illustrates the emerging potential of this important property"

The map above illustrates the October 2017 highlights of work on the Larose and Echo/Ridge (50%) property, which reinforces the belief that Larose has great potential. The grades of 30.6 g/t, 50.9 g/t and 32.4 g/t Au, further illustrate the potential of the Larose Shear Zone (LSZ) and surrounding area.

Management is presently preparing a drill program for early 2018 on the Larose property to follow up on previous drill work during 2017 that resulted in an “unexpected” high grade gold bearing zone including 5.65 grams of gold per tonne (g/T Au) over 3.00 metres from 42.00 to 45.00 metres downhole, including 0.50 metres of 27.69 g/t Au.

Management is pleased to provide previously unannounced hi-grade samples recently taken at Larose by Resident Geologists from the Ministry of Northern Development and Mines [MNDM] - which included; 1.76 oz/t, 1.63 oz/t, 5.058 oz/t, 3.216 oz/t, from P1West -including 2.36 oz/t from the new P2 Trench. (1 oz/ton = 34.286 grams/tonne)

OPINACA

The James Bay, Quebec mining camp (JBMC) near Goldcorp’s Éléonore continues to draw investor and institutional interest based on drilling results from junior mining companies in the immediate area, including Sirios Resources, Midland Resources, Eastmain Resources Inc., Hecla and Azimut Resources.

These companies are very active in the Opinaca and surrounding area and during 2017; companies such as Sirios continued to find excellent drilling results. Tashota is strategically located within the gold corridor adjacent to Osisko, and Beaufield, and is approximately 15 kilometres west of Goldcorp’s Éléonore. Goldcorp continues to add infrastructure to the area which will allowTashota easier access to its property and lower exploration costs.

Tashota geologists are currently analyzing past results and planning future exploration for the property, including a winter drilling program subject to financing.

Corporate Update

2017-08-21T18:12:05+00:00

TASHOTA RESOURCES INC.

CORPORATE UPDATE

The past two quarters have seen significant value added to several properties held by TRI the Hemlo, Shebandowan and Opinaca gold camps.

HEMLO

The Hemlo Gold Camp home to Barrick Gold’s William’s mine has seen continued exploration and very positive announcements by Barrick during the second and third quarters of 2017. These announcements by Barrick further illustrate the focus of its management on expanding the operations of their flagship Canadian operation. For an overview of Barrick’s expansion at Hemlo, please refer to (youtu.be/a-upee1oOY0).

Barrick’s 30 year Williams Mine operation consists of an open-pit and an underground mine and both are now slated to run until least until 2021, according to Barrick. A study on the open pit mine is set to be completed at the end of this year and an analysis of the underground mine is expected to be completed by early 2018. Barrick launched these studies following its “access to an increased land package and encouraging exploration drilling results.”

Specifically, according to a spokesman for Barrick, “The mine’s current reserve is now 1.6 million ounces of gold and we believe there is good potential to add additional reserves in the future.”

On April 25, 2017 Barrick issued a NI 43-101 Report entitled, “TECHNICAL REPORT ON THE HEMLO MINE” which may be found on SEDAR. This report describes the current resources and a recommendation to conduct further exploration to determine the future potential of the mine. Among other recommendations, the report states:

Significant mineral potential has been recognized in newly-acquired claims west of the current underground workings. This will require a concerted effort in a multi-year exploration program to find and define this potential. RPA [the author of the report] recommends continued funding of this exploration effort.

During 2016-17, as more positive news emanated from Hemlo gold camp, other junior mining companies staked and/or negotiated the acquisition of more than 100,000 acres in the immediate vicinity of TRI’s properties. Exploration activities and ongoing news releases by these companies, including Barrick; will no doubt provide continuing investor interest in the area. For example, two of these junior companies (Canadian Orebodies and Golden Peak Minerals) recently raised approximately $9 million based on what they believe are well-positioned properties and expected future news emanating from the Hemlo Camp.

In early 2014, management of TRI decided to acquire property in the Hemlo camp, starting with the acquisition of Hemlo South, a 3,300+ acre option within 1,100 metres and adjacent to Barrick’s open pit mine. This decision was based on two factors: (a) the belief that while highly productive during the course of its history, the Hemlo Gold Camp is still vastly unexplored; and (b) the probability of the price of gold starting to resume an uptrend in 2016-17. Accordingly, TRI did not want to miss the opportunity of acquiring such a promising property then available at a relatively favorable price.

Subsequently, management of TRI acquired additional Hemlo properties concentrating on strategic locations of geological merit. These included Hemlo West, Hemlo Black River, Hemlo North and Hemlo Pinegrove thereby expanding the Company’s land coverage in the Hemlo Gold Camp to 22,500+ acres.

To advance the value of these properties, during the third quarter of 2017, TRI completed work on the Hemlo North property. This consisted of trail work, excavating and prospecting – all in order to better determine the geological structure in the immediate area. The next target of exploration will be the Hemlo West property, currently scheduled for late fall 2017 with a winter drill program to follow.

In early March 2017, management of TRI signed a Letter of Intent (LOI) with Trojan Gold Inc. (TGI) a private company, presently seeking listing on the Canadian Securities Exchange (CSE). The LOI, resulted in a Joint Venture (J/V) agreement with TGI, whereby TGI acquired a 50% working interest in the Hemlo South property, for cash, shares and a work commitment. Work on the property commenced during the third quarter of 2017, including drilling and this work is to be followed up with soil analysis and testing during 2017-2018. In addition, in a subsequent transfer of its interest in a Dominican Republic resource company to TGI, TRI acquired a material quantum of shares in TGI and the right to appoint a Director to a seat on TGI’s board.

Due to its strategic land positions and its interest in TGI, TRI is now very well-positioned to participate in the future growth in the Hemlo Gold Camp.

SHEBANDOWAN

As indicated in an earlier news release, the Shebandowan Gold Camp (SGC) has recently taken on a new life, partly caused by the increasing exploration by mid-size producer, Wesdome Gold Mines (WDO: TSX). Wesdome has initiated a large, $5 million drill program to expand its already existing 3 million+ ounce Moss Lake deposit, situated approximately seven kilometres south of TRI’s 12,000+ acre Larose property.

In early 2016, Wesdome announced the purchase of adjoining properties, further adding to the speculation in the area. This was followed shortly afterwards by other junior companies, including Kesselrun Resources, White Metals Resources Corp. and TRI’s J/V partner at Hemlo South, Trojan Gold Inc. (TGI), which acquired approximately 12,000+ acres adjacent and to the north-east of TRI’s Larose property.

During the second and third quarter of 2017, TRI’s Larose property was the subject of continuing field work, including trenching, mapping, sampling and drill pad placement for further fall and winter drilling. The Larose continues to provide extraordinary high-grade samples, including those gathered by the Ministry of Northern Development and Mines’ geologists during July and August of this year.

Most important, one of our own field geologists, Alex Pleson accompanied by local prospector Bill Spade, made a very interesting new gold discovery in an area of extensive overburden. The following is an overview of the new discovery prepared by our in-house Geologist, Dr. Colin Bowdidge;

A short program of mapping and prospecting on the Larose property in July 2017 resulted in a new discovery of gold mineralization. A single rock sample assayed 5.27 grams per tonne of gold in a shear zone that is parallel to, but 1200 metres southeast of, the Larose shear. Although previous work had focused mainly on the Larose shear, with its gold mineralization scattered along a minimum 4.5 kilometre strike length, a program carried out by Golden Share Mining Corporation in 2011 did take a wider look. Golden Share identified two additional shear systems; the Tribute shear and the Lys shear, 2600 metres northwest and 600 metres southeast of the Larose shear respectively. However, they only reported very low gold values. The new gold-bearing sample (W064676) is a sheared greywacke-type metasediment with quartz-carbonate veins and minor disseminated pyrite. This photograph shows its character well. It is typical of “greenstone type” shear hosted gold mineralization, where the veining and gold mineralization are contemporaneous with the shearing. This makes it different from the Larose shear system, where the quartz veins are actually tiny veinlets that appear to pre-date the deformation. The fact that this new discovery is close to the contact with volcanic rocks and the “Boundary Fault” the major structure that generally follows the volcanicsedimentary contact also puts it in a favourable location for greenstone-type gold.

The deep red colour in the photograph is hematite stain due to weathering, and is not a characteristic of the primary rock. The orange is a weathering product of carbonate, and the colour is indicative of ankerite, which along with other iron-carbonate minerals is the most common alteration mineral in and around greenstone gold deposits.

On the geology map of Fred Harris (1967), the new discovery is adjacent to a small intrusion of syenite, which is compositionally different from the quartz-feldspar porphyry dykes that tend to be associated with the gold zones in the Larose shear system. However, syenite and intrusive rocks of similar type are often associated with greenstone type gold deposits, e.g. Kirkland Lake (22 million ounces produced, ±4 million ounces reserves plus resources, still growing) and Osisko-Malrtic (11 million ounces). A “condensed” certificate of analysis is attached. It illustrates a comparison between W064676 and two samples from the Northeast View trench on the Larose shear system. The Larose samples show strong enrichment in copper, zinc and lead, and in one case, of arsenic too. The new discovery is not anomalous in any of these elements, but it does have a very slight enrichment in tungsten (W). Tungsten is a very common by-product from greenstone-type gold mines. In my opinion, the new gold discovery has all of the most important features that characterize greenstone-type gold mineralization, and has the potential to develop into a substantial deposit. Although outcrop in the area is said to be sparse, I am optimistic that additional prospecting and mapping that will take place over the next week, will tell us a lot more about the size of the shear system, and the extent and continuity of the associated gold mineralization. I am optimistic.

Based on the new field work results, management of Tashota is optimistic that more discoveries will come forth in the fall-winter program of further trenching and drilling. In addition, White Metals Resource’s suggestions of good cobalt numbers in the old North Coldstream Mine, provides potential additional upside, given that TRI’s J/V partner in Hemlo South, TGI (in which TRI has a significant interest), is situated within 1,300 metres of the old North Coldstream Mine.

OPINACA

The James Bay region, home to Goldcorp’s Éléonore mine and host to five known deposits, is North America’s newest gold district. Several junior exploration companies including, Everton Resources, Azimut Explorations, Eastmain Resources, and Sirios Resources are active in the area. And, as previously reported, TRI has a 50% interest in an 18,000+ acre property in this area.

Of particular interest, Sirios Resources’ property (the Cheechoo Project) is situated approximately 18 kilometres west of TRI’s Opinaca property, and the Cheechoo has continued to produce very good drill hole numbers from their ongoing exploration work; including 9 m at 5.7 g/t Au, 3.1 m at 7.4 gms, 16 m at 2 gms.

What is especially interesting about Sirios’s results, including the 1 m at 159.3g/t Au, was that these results were obtained at the tonalite/meta-sediments contact, which is a similar geological structure as that believed to be in the Opinaca claims held by TRI.

OTHER NEWS

Management of TRI is pleased to announce that one of our Directors, Rudy Wahl, was the recipient of an Honorary Doctor Degree of Science from Lakehead University in June of this year. Management of TRI takes this opportunity to congratulate Rudy on this great accomplishment, which was truly well-deserved. The presentation honouring Rudy is available on YouTube at: (www.youtube.com/watch?v=TEt14uF09QA&feature=youtu.be&t=1746).

The J/V agreement with TGI provides TRI with access to additional mining expertise including its board members: Dr. Mary Louise Hill, Professor of Geology at Lakehead University; Gerry D. White, past Resident Geologist with the Ontario Geological Survey OGS) of Ontario; and Quentin A. Snider, Band Administrator for the Lac des Mille Lacs First Nation.

TRI management was pleased to be awarded the opportunity to be a scheduled speaker at the Mineral Exploration Information Session, held July 19-20^th in Marathon, Ontario by the Ontario Geological Survey (OGS) hosted by Resident Geologists, Mark Puumala and Dorothy Campbell. TRI’s in-house geologist, Dr. Colin Bowdidge provided an update on TRI’s ongoing exploration and drilling in the Hemlo Camp. Several companies working in the Hemlo area, including Barrick Gold, also gave presentations on their work in progress in the camp.

For further information, please contact:
Charles J. Elbourne, President & CEO
Tashota Resources Inc.
elbourne007@aol.com
416-315-6490

Company Update

2017-03-30T18:12:05+00:00

Tashota Resources Inc. (“TRI” or the “Company”) is pleased to provide an update on recent activities:

HEMLO

The Hemlo camp has now taken on a life of its own due to the accelerated exploration and development activities of Barrick Gold Corporation (“Barrick”) on their Hemlo properties in 2016. A surge of property acquisitions and staking has taken place by junior companies such as Canadian Orebodies Inc. (TSE-V: CORE) and, more recently, Golden Peak Minerals Inc. (TSE-V: GP).

TRI’s Hemlo West and Black River claims are situated approximately 2.9 kilometres west of the Barrick’s open pit and Hemlo North approximately 7.6 kilometres north of the pit. Hemlo South is situated approximately 1,000 metres from Barrick’s Williams Mine and open pit, with drilling operations scheduled to commence here during the next few months by TRI/TGI.

TRI had optioned Hemlo South in 2014, Hemlo West and North in 2015, and Hemlo Pinegrove in 2016 - acquiring a first mover advantage, and believe the Company has amassed a superior property position next to Barrick’s main western expansion and potential new discovery based on their recent announcements.

What started the initial resurgence in the Hemlo camp was Barrick’s drilling activity during the fall of 2015 that carried over into and throughout 2016, growing reserves at Hemlo by 0.9Moz of gold and Inferred resources by 1.3Moz of gold. Barrick has also outlined major plans for mine expansion during 2017. Note: (www.barrick.com) and refer to the Webcast section titled “Operations and Technical Update” February 22, 2017 – Presentation (PDF) and refer to slide # 33.

Slide # 33 illustrates three (3) main points regarding expansion at Hemlo:

The Game Changer: Doubled property footprint, removing mining and tailings storage constraints
The Enabler: 2016 Comprehensive Hemlo Geological Compilation Study
The Future: Mineralized target potential Go west, go deep, automate

Note: Go west is potentially of great significance for TRI as TRI’s Hemlo West property is situated to the west north-west of Barrick’s Williams Mine open pit.

On YouTube (https://www.youtube.com/watch?v=a-upee1oOY0) Barrick has provided an excellent video rendition of development plans to the immediate west of the Williams open pit including at depth drilling.

Note: On TRI’s website refer to the Hemlo West Shear Structure Map which outlines three interpreted shear zones as previously suggested by Kaminak Gold Corporation (“Kaminak”) and consultant GeoVector:

Kaminak had staked the area in 2007 and, after their first season’s field work, indicated in a press release: “Examination of publicly available geological reports and digital geophysical databases by Kaminak and consultant GeoVector Management Inc. strongly indicate the Hemlo deposits are related to a west-northwest trending shear zone. Further evidence suggests the presence of stacked or parallel shear zones north of this main ore trend. Kaminak's technical team believes that there has been a lack of exploration directed towards shear zones models at Hemlo, thereby creating a new exploration opportunity in this district.”

TRI acquired the area in August 2015 when Kaminak allowed their claims to lapse due to their concentration on their Coffee Project in the Yukon, which they subsequently developed and were acquired by Goldcorp in 2016 for approximately $520,000,000.

TRI management completed an airborne TDEM survey on the Hemlo West and North properties during 2016 and the results further suggest the presence of three (3) shear structures crossing the Hemlo West claims as previously interpreted by Kaminak consultant GeoVector, and a fourth (4) shear zone on the Hemlo North property.

When the Hemlo gold deposit, that has produced 22 million ounces of gold to date, was first discovered and developed in the early 1980s, it was widely thought to have a syngenetic origin. “Syngenetic” refers to ore deposits that were formed at the same time as the rocks in which they occur.

By contrast, the great majority of gold deposits in Canada are “epigenetic”, meaning that the gold was introduced into its host rocks after the rocks were formed, usually into shear zones and fractures that allowed hydrothermal solutions to permeate the rocks. The syngenetic model dominated exploration in the Hemlo area through the 1980s and early 1990s when most of the recorded exploration took place. It had become apparent by the year 2000 and after several detailed studies of the Hemlo gold deposit, that the gold mineralization most likely has an epigenetic origin and was probably controlled by a structure called the Lake Superior Shear Zone.

With its change in direction from west-northwest to due west, the Lake Superier Shear Zone at its western end was delineated by the Lake Superior Mining Corporation in the late 1940s.

Once a feature like that gets on government geology maps, it tends to be regarded as an established fact rather than a hypothesis based on inference. Structural geology principles suggest that the due west trend may be what is called a “second order shear” branching off the main shear, that should continue in a west-northwest direction. Kaminak and GeoVector’s shear zone theory is much more consistent with the epigenetic than with the syngenetic model.

The ongoing development and discovery activity by Barrick to the west and north-west suggests the above mentioned shear zones could be of importance in continuing to find new resources, once again providing Barrick with a main core asset at Hemlo.

TRI is well positioned to participate in this future growth at Hemlo.

LAROSE

Situated 110 kilometres west of Thunder Bay, the Shebandowan West Gold Camp has now become a favourite area for exploration.

TRI’s Larose property includes the Larose Shear Zone (LSZ) that runs approximately 9 kilometres and probably another 4-5 kilometres through the Echo Ridge property which is 50% joint ventured with TRI. The combined properties cover approximately 11,000+ acres (including the Larose and Echo Ridge).

As previously stated, there is a renewed interest in the area with Wesdome Mines (3,000,000+ ounce gold Moss Lake deposit) expanding their land position and acquiring Canoe Mining, which includes the North Coldstream Mine property, and with Kesselrun Resources Ltd acquiring the Ardeen Mine property from Pele Mountain. The Ardeen Mine property adjoins the Larose property. Recently, White Metal Resources Corp. (WHM) optioned the Benton Resources property to the east of Larose. Interestingly, WHM is of the opinion that there is a good opportunity to find cobalt in the Shebandowan camp. In their December 16, 2016 press release, WHM stated; “From compilation and research work that has been completed to date, White Metal believes there is not only potential to uncover additional resources but also cobalt potential. From a review of data from the Coldstream mine it is believed the mine deposit hosted significant cobalt credits that were discarded in the tailings. Sampling of the mine core by the Ontario Geological Survey (Lavigne, M. and Scott, J. 1989-1992 Ontario Geological Survey, Resident Geologist) indicated assay results of up to 0.36% cobalt. A review of historic drilling on the East Vanguard property completed by Oval Bay Consulting in 1997, indicated assays grading up to 0.156% cobalt.”

Trojan Gold Inc. (“TGI”) a company associated with TRI (see additional information below) has staked approximately 12,000+ acres adjacent to WHM and is situated within, approximately 1,300 metres to the north of the old North Coldstream Mine. While concentrating on gold, TGI will also be exploring for cobalt, a metal used in lithium-ion batteries (such as those used in Tesla automobiles) and with increasingly positive supply and demand fundamentals.

During the fall of 2016 at Larose, TRI completed a TDEM airborne survey by Prospectair of approximately 790 line-kilometres. The airborne delineated new drill targets and areas of interest for subsequent field work, including channel sampling.

TRI controls one of the larger land positions in the Shebandowan area and the immediate target for exploration drilling in 2016 was primarily at the P1 and Larose Trench.

In order to prepare for the 2017 drilling season, TRI improved over 26 kilometres of roads (previously used for forestry) covering over 9 km access of the shear from the CB trench to the T trench.

Grab samples, taken by the Ministry of Northern Development and Mines Geologists (received January 2017) on Larose property, produced some excellent hi-grade gold samples, including samples primarily from the P1 Trench:

P1 1.76 oz/ton

P1 1.63 oz/ton

P2 2.36 oz/ton (new trenching 2016)

P1 West 5.058 oz/ton

Samples taken in fall of 2016 from the Larose Trench area, included:

0.88 oz/ton, 0.83 oz/ton, 0.92 oz/ton, 1.15 oz/ton, 1.75 oz/ton, 0.74 oz/ton, 1.57 oz/ton, and 0.55 oz/ton

To the east of the P1 Trench (approximately 3.35 kilometres), sampling (taken by Ministry Geologists) at the T Trench continued to achieve good grades, including 1.786 oz/ton with consistent sampling above .016 oz/ton. Previous sampling at the T Trench by Freewest Resources included grab samples as high as 151 gm/ton (5.1 oz/ton)

As previously mentioned, drilling during Fall 2016 produced interesting results, given these were shallow exploratory drill holes. The first drill hole intersected an “unexpected” high grade gold bearing zone including 5.65 grams of gold per tonne (g/T Au) over 3.00 metres from 42.00 to 45.00 metres downholeand 0.50 metres of 27.69 g/t Au. If adjacent samples with lower gold contents are included, a section from 38.50 to 46.00 metres, averaged 2.84 g/t Au over 7.50 metres.

DDH#2 and DDH#3 intersected 0.55 m @ 21.6 g/t and 0.55 m @ 37.34 g/t. DD#4 and DDH#5 failed to show a continuation of the particular trend which indicated “that the high grade section probably trended steeply down rather than plunging at a shallow angle to the southwest as had been assumed by the Freewest exploration team”. The steeply plunging trend had been previously proposed by Prof. Mary Louise Hill of Lakehead U, one of TRI’s technical advisors, on the basis of her examination of the trenches.

New drill targets at Larose have been delineated from the T-DEM airborne survey conducted in the fall as having areas of interest that require subsequent field work to be continued spring 2017, in advance of further drilling.

OPINACA

Situated in James Bay, Quebec, this area has drawn the attention of investment institutions since Goldcorp Inc. (“Goldcorp”) acquired the Éléonore gold mine (now approximately 9 million ounces of gold in Reserves) from Virginia Mines. TRI acquired a 50% interest in approximately 18,600 acres from Trincan Capital in 2014 and is presently in negotiations to acquire a 100% interest in 4,500 acres situated in the center of the 18,600 acres, through association with TGI. An airborne T-DEM over 1,400 kilometres was conducted by Prospectair in 2012 which indicated potential good drill targets for winter drilling scheduled to commence in 2017.

The property is surrounded by Virginia Mines (now Osisko Mining Corp) and Goldcorp and many juniors active in the area are located to the east, including Sirios Resources Inc. (TSE-V: SOI), Eastmain Resources Inc. (TSE: ER), and Beaufield Resources Inc. (TSE-V: BFD). There is major exploration and development taking place in the Opinaca area of James Bay region.

From TRI’s perspective, the most important development in the area is the discovery of high grade gold in tonalite on the Cheechoo property of Sirios Resources Inc., 27 km east of Opinaca. Tonalite, which is a variety of granite, is the same rock type that underlies the Opinaca property - this validates the exploration model that TRI relied on when deciding to acquire Opinaca.

TROJAN GOLD

TRI will be acquiring an investment position in Trojan Gold Inc (“TGI”), presently a private company, by converting approximately $200,000 in a P/Note for 4,000,000 common shares in TGI, at a price of $0.05 per common share, as a result of advances previously made to TGI.

TGI has executed a letter of intent with ChiChi Financial Inc., an unlisted reporting issuer in Alberta and B.C., to conduct a reverse takeover with the goal of seeking a listing for TGI on the Canadian Securities Exchange. There can be no assurances that the transaction will be completed or that a listing on the Canadian Securities Exchange will be granted and TGI cannot guarantee a timeframe for such events.

Technical information in this document has been provided and/or reviewed by Colin Bowdidge, Ph.D., P.Geo., a Qualified Person as such term is defined in National Instrument 43-101. Assays quoted in this document, where they refer to diamond drill holes on the Larose property, were performed by Accurassay Laboratories Ltd. in Thunder Bay, Ontario using fire assay preparation on 30-gram splits of pulverized material, followed by atomic absorption analysis. Accurassay is a Canadian-owned and operated laboratory with certification under ISO/IEC 17025 for assays of gold, platinum, palladium, copper, nickel and cobalt. Core samples were cut using a diamond saw under the supervision of Dr. Bowdidge. Assays quoted for grab samples taken by personnel of the Ministry of Northern Development and Mines were performed by the Geoscience Laboratory ("Geo Lab") of the Ministry in Sudbury, Ontario using the same fire assay protocol. The Geo Lab has ISO 9001 certification and has Accreditation No. A2927 from the Canadian Association for Laboratory Accreditation. Grab samples are taken to assess the general range of composition of a particular zone or style of mineralization. As such, grab samples should not be considered representative of any zone, or any width, length or volume within a zone. Tashota Resources Inc. does not accept responsibility for statements made in print by Barrick Gold Inc.

FINANCING

Management is presently completing a financing of Units consisting of treasury ($0.10) and flow-through shares ($0.15), due to close March 31, 2017. A flow-through offering at ($0.20) is expected to commence April 1, 2017, proceeds of which will be used to advance drilling on the Hemlo and Larose properties. Present and future offerings are available to shareholders and the public; presently restricted to “accredited investors” only.