Tatmar Ventures Inc. (the "Company") is pleased to announce the results of recent drilling at its Golden Brew property in Lander County, Nevada. To date, four reverse circulation holes have been completed totaling 8,800 feet.
The following are summary logs of the first four holes on a north-south section spanning 7 kilometres (2.75 miles):
|Drill Hole #||Location||Interval||Length||Description|
|GB-1||0 to 2,145 ft||2,145 ft||Alluvium|
|2,145 to 2,200 ft||55 ft||Volcanic tuffs|
|GB-2||6,000' south of GB-1||0 to 2,060 ft||2,060 ft||Alluvium|
|2,060 to 2,160 ft||100 ft||Volcanic tuffs|
|2,160 to 2,180 ft||20 ft||Thin-bedded limey siltstones|
|GB-3||4,000' south of GB-2 and 7,000' WNW of the large auriferous jasperoid at Golden Brew||0 to 1,380 ft||1,380 ft||Alluvium|
|1,380 to 2,100 ft||100 ft||Thin-bedded limey siltstones|
|2,100 to 2,200 ft||100 ft||Carbonaceous phyllites|
|GB-4||3,000' south of GB-3||0 to 1,685 ft||1,685 ft||Alluvium|
|1,685 to 2,200 ft||515 ft||Thin bedded limey siltstones|
As predicted by a previously executed gravity survey, the drill holes confirm an uplifted horst block around hole GB-3. The magnitude of the uplift is 800 feet. Gravity data suggests that this location is not necessarily the shallowest area of the horst block. The northern flank of the horst block is approximately coincident with the southern edge of the Eastgate Volcanic Trough. Based upon the drilling, the structural intersection between the southeastern terminus of the Eastgate Volcanic Trough and projected extension of the Golden Brew jasperoid is now interpreted to be proximal to, and east of drillhole GB-2. This area is a priority target for follow-up drilling.
Geochemical sampling has indicated a 150 foot thick zone of anomalous arsenic (up to 290 ppm As) and antimony (up to 24 ppm Sb) in thin-bedded silty carbonates. Arsenic and antimony are common pathfinder elements in Carlin-type precious metal systems but have a distribution that is more dispersed than gold.
Based upon the confirmation of a strong structural architecture is juxtaposition with favourable host rocks and geochemical evidence that the Carlin-type system exposed one mile east of the horst block extends under pediment to the west, management believes further drilling is warranted. The Company has commissioned a 3-D inversion of the gravity data and is in the process of contracting additional lines of CSAMT to further refine the structural interpretation of the property. Follow-up drilling will commence upon drill rig availability.
This news release has been reviewed by Gordon P. Leask, P.Eng., President and CEO of the Company, and a Qualified Person ("QP") as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects).
ON BEHALF OF THE BOARD OF DIRECTORS,
"Gordon P. Leask"
Gordon P. Leask, P. Eng.
President and CEO
Additional Information - For more information please contact us at (604) 681-4462.
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.
Cautionary Note This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Factors that could cause actual results to differ martially from those in forward-looking statements include changes in metal prices, changes in the availability of funding, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ martially from those projected in the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf.