"Tawsho Mining is extremely pleased with these results. The level of successful holes with significant gold intersections is very encouraging. Holes number 6 and 8 contained values in excess of 0.58 ounces gold per ton (20 g/t) and 1.38 ounces gold per ton (47.3 g/t) respectively. These higher grades confirm that substantial amounts of gold are being carried in the hydrothermal and metasomatic fluids on the property. Of further significance is the fact that the strong gold showings were encountered at very shallow depths of less than 50 metres. In fact, all significant gold showings were encountered at less than 250 metre depth," stated Dr. Avedesian, CEO.
Click here For full Press Release
Monday, August 22, 2011
The Island of Newfoundland represents an emerging underexplored gold district, where focused exploration for precious metals was essentially non-existent prior to the early 1980's. Gold has been mined from epithermal (gold-copper) and orogenic (gold-only) deposits, and as a by-product in several volcanogenic massive sulphide (VMS) operations. Production from orogenic and VMS deposits is continuing, and a number of new advanced projects are targeting similar deposit styles.
Ongoing exploration is also directed at bulk-tonnage, intrusion- and sediment-hosted deposits, and both high- and low sulphidation epithermal deposits. Recent option- and joint-venture-agreements, coupled with new claim staking, indicate renewed interest in these under explored terranes.
The Department of Natural Resources Newfoundland and Labrador has recently published a helpful Two page flyer highlighting the recent developments concerning Gold Exploration on the island of Newfoundland. A copy can be obtained by clicking here. (PDF Format)
From my own direct involvement with prospecting in Newfoundland I have seen increased activity first hand focused on searching for gold. I have noticed that there are more individuals and companies entering the search each year We have also made discoveries on our properties that show promise and privide the stimulation to keep us prospecting and searching for gold.
Click the link above and download the nicely made Pdf if you have an interest in searching for gold in Newfoundland.
Keep On Prospecting!!