Excellent Mining Company Tawsho Recommended a Buy
Symbol (TAW) on the TSX Venture
Primary focus of Tawsho Mining Inc, a mining exploration business is on exploration, acquisition, expansion of gold resources and gold exploration projects in advanced stage. Currently they are developing few projects including the Whisker Valley project which is made up of 870 claims and covers a region of 218.8 sq. km, the Cabot property with 25 sq. kilometres area in Baie Verte, Newfoundland as well as the Chevrier project with 557 claims in the 95.4 sq. kilometres Chibougamau area of Quebec.
Tawsho Mining Inc completed 11 drill holes during their 2011 drill campaign at their Whisker Valley Gold Project which gave a significant gold value return. WK11-08 hole gave an average grade of 1.38 oz/ton, WK11-06 hole offered an average 0.57 oz/ton grade in an interval of 0.15 metres and the WK11-07 hole provided 0.41 oz/ton over 0.5 metres.
Whisker Valley Newfoundland Property
20,875 hectares of Whisker Valley property lies at the southern tip of the Baie Verte Peninsula in Newfoundland, close to the Middle Arm community and King’s Point can be accessed through paved highways and forest.
Rocks on Whisker Valley property are located east of the Baie Verte Line in the Baie Verte Belt, traditionally famous for base metal and gold deposits. The Baie Verte Line is located on an important structural feature that separates the Humber and Dunnage Zones on the Orogenic Belt of Appalachian-Caledonian.
Bedrock predominantly comprises of felsic, granitic and volcanic intrusions from the Early Silurian King’s Point Complex which is considered to be a buckled Paleozoic caldera. North and east are connected with the Burlington Granodiorite. Gold mineralization of Mesothermal has taken place in the eastern fault in both Burlington Granodiorite and King’s Point Complex.
Whisker Valley property mineralization comprises of gold and uranium linked to quartz veins and haematitic volcanic pyroclastic breccias.
Key interests include Nest and Muskrat showings and Road Gold Showing.
Bayswater Uranium Corporation discovered Road Gold Showing in 2007 and it is made up of quartz-sulphide veins held by shaved felsic volcanic rocks. Bayswater description from grab and float samples show values higher than 10 g/t gold from the finest sample evaluating 104 g/t gold. Bayswater’s four short drill holes in 2008 did not find encouraging intersections.
Rhino Exploration Ltd discovered the Muskrat and Nest gold showings in 2005 which are not very clear and offer vague descriptions. Test returns from an outcrop sample of this showing are 40,970 ppb Au and 9800 ppb Au.