Tawsho Mining Inc.

Tawsho Mining Inc.

August 18, 2010 10:13 ET

Tawsho Mining Inc. Announces Preliminary Results in Whisker Valley, Newfoundland

CONCORD, ONTARIO--(Marketwire - Aug. 18, 2010) - Tawsho Mining Inc. (TSX VENTURE:TAW) ("Tawsho" or the "Corporation") is pleased to provide the following update with respect to its exploration activities on the Whisker Valley Project. As previously announced (press release dated April 6, 2010) Tawsho has an option to purchase a 100% interest in the Whisker Valley mineral claims ( covering an area of about 400 square kms) in the Baie Verte Peninsula, Newfoundland. 

The Corporation's exploration program for the Whisker Valley Project has revealed several targets that warrant further investigation. It has also allowed the Corporation to verify certain earlier prospects.

  1. The 2010 summer work program consisted of the following:
  1. Line cutting
  2. Trenching
  3. Grab sampling over several license areas
  4. A 15 KM Induced Polarization Survey
  5. A 1000 m Diamond Drill Program
  1. In the license area containing the Gold Pit Showing, 44 grab samples were collected over the area and revealed anomalous gold with results ranging from 0.503 g/t Au to 46.19 g/t Au in outcrop and float samples. Assays also indicated varying concentrations of gold, copper, molybdenum and zinc.
  2. Grab sampling is ongoing on all of Tawsho's licenses, targeting potential gold prospects as well as uranium and REE targets.
  3. Float sample 11057 contained 46.19 g/t Au, 141.90 g/t Ag and 3.4% Cu.
  4. The 1000 m diamond drill program commenced on July 12 and tested several geophysical anomalies from a previous IP Survey as well as the extension and depth of the anomalous gold vein discovered in the Gold Pit Showing. Drilling intercepted silicification, hematite and epidote alteration zones with varying concentrations of pyrite and chalcopyrite. It also intercepted quartz veins +/- sulphides. Visible gold was observed in the quartz veins as well as in the quartz feldspar porphyries.
  5. A final drill hole will test the Au anomaly found in the quartz veins in the Muskrat Gold Showing, north-northwest of the Gold Pit Showing.
  6. Core logging is ongoing and assay results are expected by the end of the summer program.
  7. The Induced Polarization Geophysics survey expands the previous IP program across the Gold Pit Showing and extends as far north as the Muskrat Gold Showing. Results from this survey have identified several potential targets and will be investigated from the surface where possible.

"We are pleased to provide this update on our exploration activities in the Whisker Valley Project and are encouraged by our findings to date," stated Joseph Feldman, President and CEO of Tawsho Mining Inc.

Elizabeth Vida P.Eng. is the QP with respect to the Whisker Valley Project.


Tawsho is a mining exploration company focused on the acquisition, exploration and development of gold resources and advanced stage gold exploration projects. The Corporation is presently engaged in developing its projects in the Chevrier Region of Quebec and in South Western Mali, Africa. Tawsho currently has approximately 22 Million shares outstanding.

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