Tawsho Mining Inc.

Tawsho Mining Inc.

March 03, 2011 08:30 ET

Tawsho Mining Mobilizes the Next Drill Campaign at Its Whisker Valley, Newfoundland Property

TORONTO, ONTARIO--(Marketwire - March 3, 2011) - Tawsho Mining Inc. (TSX VENTURE:TAW) ("Tawsho" or the "Company") is pleased to report that the next drill program is being mobilized for its Whisker Valley property in Newfoundland. The roads to the property and the drill sites are being plowed and the drilling will begin on March 14th, 2011. Eleven drill sites have been selected to evaluate the IP geophysical anomalies and associated geochemical anomalies that have been identified during the 2010 summer and fall exploration programs (see news release January 31, 2011). Each hole will range from 200m to 300m in length and it is planned that a total of approximately 2750 m of drill core will be drilled, logged and analysed. The mineralized and altered portions will be selected for Au, Cu, and U assay analysis and trace element litho-chemical analysis. Surface mineralization has been mapped within the anomalies targeted for drilling. Two additional holes will test the marginal portions of the IP anomaly associated with the Road Showing which was drilled in 2010. The objective, therefore, is not only to decipher the geological source that produced the anomalous zones, but also to spatially define, extend and evaluate the known mineralization centers.

This press release was prepared by Edward Procyshyn P. Geo., who is the qualified person as defined by NI 43-101 and reviewed by Michael M. Avedesian P.Eng.


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 developing its Chevrier project in the Chibougamau region of Quebec and its Whisker Valley project in Baie Verte, Newfoundland. Tawsho currently has approximately 22 Million shares outstanding.

Forward-looking statements provide an opinion as to the effect of certain events and trends on the business. Certain statements contained in this news release constitute forward looking statements. The use of any words such as "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors. Forward-looking information includes, but is not limited to, statements with respect to the development potential of the Corporation's properties; the estimation of mineral reserves and mineral resources; conclusions of economic evaluation; the realization of mineral reserve estimates; success of exploration activities; mining or processing issues; government regulation of mining operations; and environmental risks. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Readers are cautioned not to place undue reliance on these statements as the Corporation's actual results, performance, or achievements may differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements if known or unknown risks, uncertainties or other factors affect the Corporation's business, or if the Corporation's estimates or assumptions prove inaccurate. Therefore, the Corporation cannot provide any assurance that forward-looking statements will materialize. The Corporation assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or any other reason except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulations Services Provide (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

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