Vancouver, British Columbia, November 2, 2017 - Tasca
Resources Ltd. ("Tasca" or the "Company") (TSX
Venture symbol: TAC; FWB symbol: 3TA) Tasca is pleased to
announce that it has signed a Definitive Agreement with an arm's length
vendor to acquire 1,580 Hectares of prospective mining claims located in
north central British Columbia, approximately 40 kilometres south of
Houston.
"Recent developments in this area of British Columbia have really caught our
attention" stated Tasca President and CEO Clive Massey. "Tasca made
the decision to strategically position itself in this geographic location
and seize the opportunity to be a first mover in what we see as a potential
emerging area play."
The Tasca property lies 2,500 metres to the south of the New Nadina claim
block and contiguous to the east to the Lions Gate Metals Inc. claim block.
The underlying geology of the claim block is Cretaceous Kasalka Group
andesitic volcanics, Eocene Endako group alkaline to basaltic volcanics and
Eocene Ootsa Lake Group felsic volcanics. The central portion of the
property consist of an outlier of Paleogene sediments masking the underlying
geology. A large body of feldspar porphyry related to the Cretaceous
Bulkley Intrusions lies 5 kilometres to the west.
Tasca plans to review the assessment record for historical work on the new
claim block to assist in the planning of an exploration program to assess
and evaluate them.
The terms of the Agreement call for a cash payment of $10,000 dollars and a
share payment of 1.5 million common shares of the Company subject to TSX
Venture approval.
R. Tim Henneberry, P.Geo., Tasca’s Geologist and a Qualified Person as
defined by NI 43-101, has reviewed and approved the technical information
contained in this news release.
For additional information please visit the Company's website at
www.tascaresources.com
ON BEHALF OF THE BOARD OF DIRECTORS
“
Clive Massey”
Clive H. Massey
President & CEO
For further information, please contact:
Tasca Investor Relations
Phone: (604) 644-6794
Email:
tascaresources@gmail.com
Forward-Looking Statements
This news release contains certain statements that may be deemed
"forward-looking" statements. Forward looking statements are statements
that are not historical facts and are generally, but not always,
identified by the words "expects", "plans", "anticipates", "believes",
"intends", "estimates", "projects", "potential" and similar expressions,
or that events or conditions "will", "would", "may", "could" or "should"
occur. Although Tasca Resources Ltd. believes the expectations expressed
in such forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results may differ materially from those in forward looking statements.
Forward looking statements are based on the beliefs, estimates and
opinions of Tasca Resources Ltd. management on the date the statements are
made. Except as required by law, Tasca Resources Ltd. undertakes no
obligation to update these forward-looking statements in the event that
management's beliefs, estimates or opinions, or other factors, should
change.
“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.”
