(Source: Marketwire)

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 28, 2008) - Tarsis Capital Corp. (TSX VENTURE:TCC) ("Tarsis" and "the Company") is pleased to announce that it has completed phase I exploration programs on its 100% owned MOR and Goz Creek properties, located in Yukon.
Goz Creek
At Goz Creek, 7 diamond drill holes totalling 772.68 metres were completed along a 160 metre portion of the interpreted structural trend hosting sphalerite rich mineralization defining the Main Zone. Most drill holes were located along historical section lines to test beneath previously reported intersections and provide necessary data to establish the geometry of the mineralization. President & CEO Marc Blythe states, "We are very pleased that our 2008 drilling has confirmed the presence of strongly mineralized sphalerite over significant intervals as discussed in our 7 July, 2008 News Release. Unfortunately, due to poor weather, mechanical problems with our diamond drill rig and to a lesser degree, slightly more geological complexity than anticipated, we did not complete the entire program as planned. We are currently assessing whether sufficient data was gathered to complete a NI 43-101 compliant mineral resource estimate on the property."
All mineralized intervals have been sawn and sent to ALS Chemex Labs for assay. Results will be announced when available.
Trial gravity surveys were conducted on two grids at Goz Creek after the completion of the drill program across the Main Zone and the zinc-lead soil geochemical anomaly at Walt Ridge. At the Main Zone, the survey highlighted a linear residual gravity anomaly approximately 200 by 40 m. The trend of the anomaly is oblique to the surface trace of the mineralization and has not been tested by diamond drilling. Survey results from Walt Ridge are currently being processed.
Detailed prospecting on the property identified a number of new high-grade showings Tarsis will be adding to its geological database.
MOR
At the MOR Project, 8 diamond drill holes were completed for a total of 1,703 metres. Six holes were located to test the strike and down dip extension of the massive sulphide lenses associated with the Discovery Horizon and a near surface Induced Polarization anomaly modelled from previous survey data. Three of the six holes tested the strike extension of the Discovery Horizon to the east and intersected massive to semi-massive sulphide bands up to 4.5 m thick. The mineralization occurs within mafic dominant volcaniclastic strata and is often flanked by moderately heavily disseminated sulphide above and below the massive mineralization. Sulphides dominantly consist of coarse pyrite with varying quantities of interstitial and disseminated chalcopyrite.