Second Diamond Drilling Program At The La Colorada Breccia Pipe On Javier Concession

VANCOUVER - Tarachi Gold Corp. reported that diamond drilling has now commenced on the San Javier Concession targeting the La Colorada gold bearing breccia pipe discovered by Tarachi in the November and December 2020 drilling program. The purpose of this summer's four-hole, diamond drilling program is to follow up on the positive results from 2020 by drill testing the breccia pipe down-dip from last year's high-grade intercepts.

The Company had completed nine diamond drill holes on the San Javier Concession for a total of 1066.30 meters. The 2020 Tarachi drilling discovered significant gold concentrations in holes SJA-20-005/006 which returned values of 11.9 g/t Au over 2.0m and 5.39 g/t Au over 5.6m respectively. In both intercepts the gold mineralization was situated within a large breccia pipe feature containing over 20 percent sulphides, mainly coarse-grained pyrite with minor quartz veining/veinlets. Tarachi geologists determined last year's program to have discovered the upper portion of an intrusion hosted, breccia pipe where shingle breccias occur and typically are the lower gold grade portion of the pipe.

VP Exploration and Director, Lorne Warner, said, "Originally the November to December 2020 diamond drilling at the San Javier Concession focused on areas with known gold mineralization from historic drilling programs. The gold mineralization was previously thought to be concentrated along a low angle, west dipping shear zone within mainly monzo-diorites, however, we discovered the gold mineralization is situated within a large intrusion hosted, breccia pipe.

Further studies have found our property to be centered along a north-east trend of breccia pipes, several of which were previously mined for gold and silver by open pit and underground mining methods."