
Tarachi Gold Corp. (CSE:TRG) – Notable News
February 15, 2022 Tarachi Gold Corp. (CSE:TRG, BUY, C$0.40 target, Timothy Lee) announced plans for an initial field exploration program on the La Texana property (right
February 15, 2022 Tarachi Gold Corp. (CSE:TRG, BUY, C$0.40 target, Timothy Lee) announced plans for an initial field exploration program on the La Texana property (right
Tarachi Gold released results from its updated mineral resource estimate (MRE) and PEA for its 100%-owned Magistral del Oro mill and tailings project in Durango, Mexico. The PEA outlines a strong economic profile with a post-tax NPV5% of US$21M, IRR of 85%, and a one-year payback period, over a 3.4-year mine life. The project involves the rehabilitation and upgrade of the 1,000 tpd Magistral mill, including the addition of a SART (sulphidation, acidification, recycling, and thickening) plant. The mill would be used to process adjacent tailings from a historic mining operation. Overall, the study outlines a potential low capex, operating cost, and environmental impact tailing reprocessing operation that can be brought into production with 12 months. The project likely has further upside, as the PEA incorporates ~89% of the M&I resources, and the company believes it could process portions of the remaining mineralization. Tarachi is also looking to acquire tailings in the area for re-processing, which would increase the lifespan of the project.
November 3, 2021 Tarachi Gold Corp. (CSE:TRG, BUY (S), Timothy Lee) announced metallurgical test results from its 100%-owned Magistral del Oro (MDO) mill and tailings project
November 1, 2021 Tarachi Gold Corp. (CSE:TRG, BUY (S), Timothy Lee) announced the completion of its previously announced, non-brokered private placement for gross proceeds of ~C$0.66M. The
Q3 operating and financial results are to be announced over the next few weeks. While gold is out of favour, prices have been trading within a narrow window that have allowed companies to continue to turn profits, despite an uncertain outlook. Late summer was hard on most commodities as precious and industrial metals alike fell on a slowdown in global economic growth due to surging fuel prices, Chinese power restrictions, labour shortages, disrupted global supply chains and a stronger USD. Metal prices came under further pressure as major property developer Evergrande missed further bond payments, impacting iron ore and copper prices. With this update, we provide new commodity price and FX forecasts, updated coverage estimates, and a fresh set of top picks.
October 6, 2021 Tarachi Gold Corp. (CSE:TRG, BUY (S), Timothy Lee) announced results from the drilling program completed at its 100%-owned Magistral del Oro mill
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
September 15, 2021 Tarachi Gold Corp. (CSE:TRG, BUY (S), Timothy Lee) announced positive metallurgical test results from three samples of drill core taken from the
June 17, 2021 Tarachi Gold Corp. (CSE:TRG, BUY (S), Timothy Lee) announced the commencement of diamond drilling at the San Javier concession on its namesake Tarachi
Tarachi Gold reported assay results from five surface reverse circulation (RC) holes completed at the historical La Dura mine on the company’s Jabali concession at its Tarachi project in Sonora, Mexico. While all holes encountered gold mineralization, the results are mixed, with one hole encountering significant mineralization (>85 mg/t Au) near previously reported high-grade intersections from core drilling, but only limited mineralization (<10 mg/t Au) encountered in the four holes that stepped out further. Nevertheless, these holes demonstrate the presence of a mineralized system, and they provide the company with an improved geological understanding which could help guide future drilling.