Tashota Resources Inc. (“TRI”) is a Prospect Generator junior exploration company led by a talented team of professionals having significant exploration, engineering, project financing, and permitting experience. Under their guidance, TRI has acquired land positions in Ontario (Hemlo and Larose) and Quebec (Opinaca) that represent significant mineral exploration potential.
In the Hemlo Gold Camp, TRI has acquired over 22,000+ acres (100% optioned) of prospective claims surrounding Barrick Gold Corporation’s 23 million oz. Au. Williams Mine and open pit. Barrick Gold has been very active during 2015-2016 at Hemlo, including drilling and exploration. TRI previously completed a 327 kilometre airborne geophysics program on its Hemlo South property, which detected drill targets of interest. A combination of previous gold anomaly in soil, potassium anomaly from radiation, and inferred fault structure, further supports various drill targets of interest.
TRI recently (August) completed a 956 kilometre airborne T-Dem survey covering Hemlo West, Hemlo North, and the newly acquired Hemlo Pinegrove claims. This survey offers confirmation of inferred shear structures relating to the previous interpreted shear zones outlined by Kaminak Gold.
Also in Ontario, TRI has acquired the Larose property, which is situated 110 kilometres west of Thunder Bay in the Shebandowan Gold Camp. This property includes the Larose Shear Zone (LSZ) which runs approximately 14 kilometres through the Echo Ridge property (TRI controls 100% of 9 km and 50% of the balance). The combined properties cover approximately 11,500+ acres, the largest land position in the immediate area.
TRI is not alone seeing potential in the area as Wesdome Gold Mines has expanded their land position and Kesselrun Resources Ltd. has acquired the Ardeen Mine property from Pele Mountain, which adjoins the Larose property.
During summer 2016, TRI completed over 24 kilometres of re-worked roads on the Larose property in order to facilitate further prospecting and drilling.
TRI has already commenced drilling on its Larose property. 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 downhole, including 0.50 metres of 27.69 g/t Au (.97oz). 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. TRI is presently performing additional exploration drilling to determine the extent of the Larose/T-Trench zone.
TRI recently (August) conducted a T-DEM airborne survey of approximately 811 kilometres at Larose in order to provide further guidance for its exploration activities, and ongoing drill program.
The Opinaca area in James Bay, Quebec features Goldcorp’s Éléonore mine currently in production (5.35 million oz. Au proven and probable and 2.28 million oz. Au inferred as of 2015). TRI has a 50% interest in approximately 18,600 acres (acquired in 2014) and is presently in negotiations to acquire a 100% interest in an additional 4,500 acres surrounded by its current holdings. In addition to its proximity to the Éléonore mine, TRI’s property is surrounded by properties held by Osisko Mining Inc., Sirios Resources Inc. and Beaufield Resources Inc. An airborne T-DEM survey covering more than 1,400 km was conducted in 2012. This survey indicated good potential targets for winter drilling.
TRI recently completed sonar testing over the 18,000+ acres in September 2016, including shoreline sampling.
TRI is currently offering units consisting of treasury and flow-through shares which are presently restricted to accredited and institutional investors only. TRI is also in the process of completing an Offering Memorandum expected to be available to retail investors during the first quarter of 2017.