TAD Capital Corp.

November 04, 2009 08:00 ET

TAD Capital Corp.: 9.9 g/t Gold Sampled on Hazelton South Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 4, 2009) - TAD Capital Corp. ("TAD") is pleased to announce that it has completed the first phase of the exploration program on the Hazelton South Property. The 2009 program consisted of 14.2 kilometers of grid establishment, 40.0 kilometers of total field magnetic surveys, collection of 423 soil samples and 280 meters of hand-trenching with the collection of 23 rock samples. Geological work included detailed structural mapping.

The Hazelton South Property is located approximately seven kilometres northeast of Hazleton, British Columbia in the Omineca Mining Division. Access to the property is gained by paved and gravel mining roads, which transect the Hazelton South claims proper. Secondary mining roads provide access to the known mineralized zones.

The property contains six quartz vein systems which have seen mining during the periods from 1913 to 1918, the early 1950's and the late 1980's. Past B.C. government production records lists the recovery of 495,097 grams of silver, 528 grams of gold, 38,232 kilograms of lead, and 10,543 kilograms of zinc from 348 tonnes of mined ore.

The Hazelton South vein system contains at least 15 gold-silver-base metal bearing veins in which only the ore shoots of highest-grade have been partially mined. Mineralization consisting of gold, silver, copper, lead, zinc, and cadmium, amongst other metals, occur mainly within quartz veins that can be traced for over 100 metres. The property is considered to have good potential for outlining additional zones of vein-related silver-lead, zinc mineralization as well as having a high potential for the discovery of new zones of enriched gold mineralization associated with the multiple vein systems.

The No. 1, 4, and 6 Veins, have received the bulk of the historic gold and base metal mining activity and are of particular interest in terms of modern metal prices. Work conducted during the 2009 field season traced out extensions in two of the three mineralized quartz vein systems.

The No. 1 Vein is exposed on surface for 60 metres. This vein contains local, blebby galena and chalcopyrite in massive quartz veining.

The No. 4 Vein locally contains 20% combined sulphides consisting of (in decreasing abundance) galena, sphalerite, arsenopyrite and chalcopyrite in disseminations and blebs.

Rock sampling was carried out on the No.4 vein in 2006 by geologists G. Thomson, P. Geo. and A. Kikauka, P. Geo. The results of this sampling is summarized in the following table, with the majority of the sampling carried out within proximity of an existing mine shaft on the vein.

Sample Width Au Ag Pb Zn
No. (cm) ppb g/t Cu ppm % %
5001 78 2966 1759 2920 10.15 2.04 Shaft wall
5002 85 434 384 985.1 0.19 Old trench
5003 30 3112 156.1 45 2.45 1.54 Old trench
5004 20 8717 5.4 36.9 0.02 Old trench
451064 grab 9903 1115 1816 5.83 4.46 5001 check
451065 20 3008 213 51 4.21 1.78 5003 check
451066 12 5276 76.9 77 1.08 0.07 451065 repeat
451067 grab 4747 65.2 197 0.56 0.68 Shaft dump grab

The consistently highly anomalous gold values in combination with associated strong values in silver-lead-zinc makes the No.4 vein a high priority target as part of the future exploration plan for the Hazelton South property.

In the area of the No. 6 Vein, a northeast-trending vein extending from the main shaft, attains 30cm in thickness, dips steeply east, and has been traced along strike for over 160 metres. The vein typically contains up to 15% combined galena, pyrite, sphalerite, and chalcopyrite in blebs and disseminations. A continuous vein containing parallel arsenopyrite stringers has been traced for a 65-metre interval along a historical trench trending northeast from the main shaft.

During the 2009 season, two samples taken from this vein returned values of 3.5 g/t Au with 5.8 g/t Ag across 20 cms (sample #441016) and 5.8 g/t Au with 3 g/t Ag across 20 cms (sample #441017). Approximately 35 meters to the northeast, sample #441019 assayed 2.28 g/t Au with over 300 g/t Ag across 10 cms.

Geological investigations indicate that the most prospective areas of gold mineralization surround veins located in the No. 4 and No. 6 Areas. At both locations, trenches terminate while gold geochemistry indicates northward extension to the vein systems. Backhoe trenching to trace the strike of these veins is recommended. TAD is planning a comprehensive program of NQ diameter diamond drilling to test lateral, shallow, and deeper extensions to surface vein mineralization.

If you would like to be added to TAD's update list please send an email to info@tadcapital.com.

Conrad Clemiss, president of Tad stated, "The results achieved to date on the Hazelton South Property have been solid. We look forward to the next phase of the drill program to further delineate the potential deposit covering the property."

Greg Thomson, P. Geo. is the Qualified Person for the Hazelton Prospect and has read and authorized this news release.




Conrad Clemiss, President

Statements in this news release regarding TAD's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice.


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