TAD Mineral Exploration Inc.
TSX VENTURE : TJ

November 23, 2010 03:02 ET

TAD Mineral Exploration Inc.: Hazelton North Project Drilling Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 23, 2010) - TAD Mineral Exploration Inc. ("TAD" or "the Company") (TSX VENTURE:TJ) wishes to announce drill results from the Hazelton North Project located 18 km northeast of Hazelton, BC. 

Jason Gigliotti, a director of TAD stated, "We are very pleased that the results returned verified what we were hoping to find on the Hazelton prospect. Not only do these results encourage us to continue with a much larger drill program in the future, but the discovery of tungsten in five of the six holes was unexpected. These tungsten samples returned are currently being re-assayed to establish grades. Management is encouraged at what this potential deposit may provide in terms of corporate growth going forward for TAD."

A total of 371 split core samples have been geochemically analyzed at Acme Labs, Vancouver, BC using multi-element ICP (aqua regia digestion) and mass spectroscopy laboratory methods. The following table highlights significant assay results:

DDH No   Sample No From m   To m   Width m Cu ppm Pb ppm Zn ppm Ag ppm Au g/t
SD10DDH-1   164007 20.7   21.2   0.5 196.8 3475.9 >10000 >100.0 1.42
SD10DDH-1   164042 114.95   115.25   0.3 239.7 361.5 161 15.5 0.51
SD10DDH-2   164056 22.5   23   0.5 379.5 151.1 >10000 6.8 0.41
SD10DDH-3   164104 3.6   4.2   0.6 299.2 60.3 921 6.6 0.21
SD10DDH-3   164112 13.3   14   0.7 123.4 169.8 2133 4.4 0.67
SD10DDH-3   164127 38.4   38.9   0.5 65.5 84.4 1177 2.7 0.27
SD10DDH-3   164152 116.2   116.85   0.65 229.6 362.6 420 13.3 0.58
SD10DDH-3   164159 133.6   133.9   0.3 100.5 258.8 138 5.1 1.97
SD10DDH-4   164166 4.5   5.3   0.8 464.1 861.4 4598 19.1 0.38
SD10DDH-4   164173 15.3   15.65   0.35 1020.3 569.1 7317 28.3 0.92
SD10DDH-4   UCZ164166 4.5   5.3   0.8 464.1 861.4 4598 19.0 0.38
SD10DDH-4   UCZ164173 15.3   15.65   0.35 1020.3 569.0 7317 28.3 0.93
SD10DDH-4   UCZ164186 47.9   48.2   0.3 64.2 140.2 1143 7.4 0.80
SD10DDH-4   LCZ164209 144.55   145.65   1.1 99.8 131.6 142 4.0 0.70
SD10DDH-4   LCZ164212 150.3   150.85   0.55 128.6 522.7 355 6.1 1.44
SD10DDH-4   LCZ164219 161.6   161.9   0.3 171.9 197.0 457 29.2 1.21
SD10DDH-5   UCZ164222 6.32   6.82   0.5 822.4 788.3 241 31.2 1.60
SD10DDH-5   UCZ164239 36.85   37.65   0.8 84.4 148.2 4367 4.0 0.38
SD10DDH-5   UCZ164245 57.7   58   0.3 165.7 58.4 543 3.3 0.30
SD10DDH-5   UCZ164251 79.3   79.6   0.3 160.3 451.7 5263 4.2 0.21
SD10DDH-5   UCZ164256 85.52   85.82   0.3 189.6 266.9 178 11.2 0.56
SD10DDH-6   WCZ164296 84.25   84.65   0.4 101.8 167.9 210 6.7 0.34
SD10DDH-6   WCZ164333 168.45   169.45   1.0 63.6 116.1 214 2.0 0.21

The drill holes intersected numerous monzonite/rhyodacite dykes/sills which are late stage emanations from Bulkley and/or Babine Intrusive Complexes, and are the likely source of Au-Ag (Cu-Pb-Zn) bearing quartz-sulphide (pyrite-chalcopyrite-sphalerite-galena-tetrahedrite) mineralization that occurs as 0.3 to 1.1 meter interval length intersections of quartz-sulphide veins that are spatially related to increased chlorite-sericite-silica alteration.

The two types of quartz-sulphide mineralization encountered were:

1) Banded and/or coarse grained pyrite-arsenopyrite
2) Banded and/or coarse grained pyrite-arsenopyrite (with sphalerite-galena-tetrahedrite)

The Hazelton North Property possesses vein complexes that may be splays of a richer zone (fold hinge making a structural trap) at depth. The results are typical of an intrusion related precious metal deposit.

Additionally, seven samples returned >100 ppm tungsten (W), with intervals occurring adjacent to base and precious metal bearing zones. These samples have been submitted to Acme Labs for over-limit geochemical analysis.

DDH No Sample No   From m   To m   Width m   W ppm
SD10DDH-1 164044   117   118.5   1.5   >100
SD10DDH-2 164051   13.1   14.4   1.3   >100
SD10DDH-2 164065   51   52   1   >100
SD10DDH-3 164149   109.5   112.77   3.27   >100
SD10DDH-4 164176   19.4   20.1   0.7   >100
SD10DDH-4 LCZ164201   118   119   1.0   >100
SD10DDH-6 WCZ164333   168.45   169.45   1.0   >100

Drill core logging, data compilation, and sampling supervision has been carried out by Andris Kikauka, P.Geo., a Qualified Person for the purposes of National Instrument 43-101.

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ON BEHALF OF THE BOARD

TAD MINERAL EXPLORATION INC.

Per:
Jason Gigliotti, Director

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

Contact Information

  • TAD Mineral Exploration Inc.
    Jason Gigliotti
    Director
    1604 8999302
    www. tadcapital. com