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Tasca Resources has Engaged Consulting Engineers for Bleiberg Permitting

11.04.2017  |  FSCwire

Vancouver, British Columbia (FSCwire) - Tasca Resources Ltd. ("Tasca", “TAC” or the "Company") (TSX Venture: TAC) (Frankfurt: 3TA) is pleased to announce that it has engaged Montaningenieurgemeinschaft Consulting Engineers OEG (“MCE”) of Austria to initiate the permitting process for the further exploration of the Bleiberg zinc-lead-germanium-fluorite project, located in southern Austria.

About MCE

Montaningenieurgemeinschaft Consulting Engineers OEG provides engineering and consulting services for development, design and planning of industrial and infrastructure projects including special services in the areas of geology and hydrogeology, geotechnical engineering and urban and environmental planning and permit application design.

Bleiberg Project

The Bleiberg Property consists of 116 mining concessions in the land registry municipalities of Bad Bleiberg, Nötsch im Gailtal, St. Stefan im Gailtal and Paternion in southwestern Austria. The Bleiberg Property hosts an extensive mining infrastructure with more than 1150 kilometres of tunnels and 3 mine shafts. Historic production was about 500,000 tons per year, and it was one of the 6 largest Germanium producers in the world while it was in production. Mineralization consists of stratabound galena and sphalerite within Triassic limestones and intercalated carbonates. The sphalerite also carries average values of 200 parts per million germanium and 2000 parts per million cadmium. The historically mined mineralized bodies were stratiform zones ranging from 1 metre thick and 100 metres in diameter to 5 metres thick and several hundred metres in diameter.

MCE has been engaged to design and permit the Phase I exploration program at Bleiberg. In order to minimize the permitting timeline, MCE has determined exploration should be focussed from the underground workings, rather than surface. MCE is proposing geophysical surveys consisting of IP and seismic surveys within the workings, focussing primarily on the crosscut access drifts to search for additional footwall and hanging wall structures within the structural zone and also new structures along strike to the northwest. The surveys will be followed up with a Phase II underground diamond drilling program.

About Tasca

Tasca Resources Ltd. is a Canadian based mining company that is focused on acquiring properties through strategic joint ventures and property acquisitions. Tasca has signed a Property Option Agreement to acquire the Bleiberg zinc-lead-germanium-fluorite project, located in southern Austria, west of the city of Villach.

Qualified Persons

The scientific and technical information contained in this news release has been reviewed and approved by R. Tim Henneberry, P.Geo., an independent consulting geologist who is a "Qualified Person" as such term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").

For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.tascaresourcses.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  

Neither 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.

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.

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To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/tasca04112017.pdf

Source: Tasca Resources Ltd. (TSX Venture:TAC)

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