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Tarachi Gold Corp. (CSE:TRG) – Notable News

September 22, 2021

Tarachi Gold Corp. (CSE:TRG, BUY (S), Timothy Lee) announced drill results from its recently completed Phase 2 drill program at its San Javier concession in Sonora, Mexico. The results are from five diamond core holes (1577.5m) drilled to follow up on encouraging initial results from 2020 (read more), targeting a breccia body representative of an epithermal deposit. Previous drilling had encountered higher grades at shallow depths, and these holes were largely drilled to test the breccia body at depth. The highlight intercept was 0.454 g/t Au over 52m, including 1.01 g/t Au over 12m (SJA-21-014). The results demonstrated that the mineralized system continues at depth, although the grades appear to be lower than at surface. We like Tarachi due to its exploration upside and its potential to generate cash flow as soon as 2022 from its Magistral tailings project, which was outlined in our initiation report. Read more

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