Tawsho Mining Inc.

Published : July 16th, 2014

Tawsho Mining Inc. Exploration Update

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Keywords :   Canada | Gold |

Tawsho Mining Inc. Exploration Update

TORONTO, ONTARIO--(Marketwired - Jul 16, 2014) - Tawsho Mining Inc. (TSX VENTURE:TAW) ("Tawsho" or the "Corporation") announces the termination of the Cabot Graphite Property Option Agreement, which was entered into in March 2012.

Tawsho has terminated its Option Agreement with Weyburn Investments Ltd. and PNL Ventures Ltd. on the Cabot Graphite Property located near Baie Verte, Newfoundland. In accordance with the terms of the Option Agreement the mineral claims have been left in good standing for a minimum period of 180 days and a copy of the recent assessment report, accepted for filing by the Newfoundland Department of Natural Resources, has been provided in digital format to a representative of the optionors of the property.

Commenting on the decision to return its interest in the property, President and CEO Stephen Balch stated that "preliminary metallurgical work on the graphite indicated that the material would have to be ground into a smaller flake size distribution than we had hoped for in order to produce a marketable grade. This would result in a lower value per tonne of concentrate compared to other graphite projects. Given the high number of graphite projects currently under development we decided to return Tawsho's interest in the property to the optionors. Tawsho will instead focus on its Chevrier gold project in Quebec, Canada."

Stephen Balch (P.Geo.), President and CEO of Tawsho Mining Inc., is a Qualified Person under the definition of National Instrument 43-101 Standards of Disclosure for Mineral Projects and has reviewed and approved the technical content in this press release.

ABOUT TAWSHO MINING INC.

Tawsho is a mining exploration company focused on the acquisition, exploration and development of gold resources and advanced stage gold exploration Properties. The Corporation is presently developing its Chevrier Gold Property (comprised of 557 claims, covering an area of 9542 hectares, or 95.4 sq. km) located in the Chibougamau region of Quebec. Tawsho currently has approximately 31,543,549 common shares issued and outstanding.

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

Read the rest of the article at finance.yahoo.com
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Gold and Silver Prices for these countries : Canada | All

Tawsho Mining Inc.

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Tawsho Mining is a exploration company based in Canada.

Its main exploration property is CHEVRIER in Canada.

Tawsho Mining is listed in Canada. Its market capitalisation is CA$ 355 400 as of today (US$ 265 022, € 244 032).

Its stock quote reached its highest recent level on August 01, 2008 at CA$ 1.15, and its lowest recent point on March 01, 2016 at CA$ 0.01.

Tawsho Mining has 35 540 000 shares outstanding.

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Financings of Tawsho Mining Inc.
6/18/2013Announces Management Changes and Private Placement Financing
Nominations of Tawsho Mining Inc.
6/18/2013Announces Resignation of Board of Director
Corporate news of Tawsho Mining Inc.
11/5/2015IIROC Trading Halt - TAW
4/17/2015Tawsho Mining Inc. Makes Application for Management Cease Tr...
4/17/2015Makes Application for Management Cease Trade Order
7/16/2014Tawsho Mining Inc. Exploration Update
4/29/2014Tawsho Mining Inc. Exploration Update and Completion of Fina...
4/4/2014Tawsho Mining Inc. Exploration Update and Financing
9/11/2013Completes Drilling on Cabot Graphite Project
8/2/2013Announces Closing of Previously Announced Private Placement ...
4/22/2013Shares for Debt Update
4/15/2013Announces Issuance of Shares for Debt
2/19/2013Reports a Graphite Discovery on Its Cabot Property
1/7/2013Announces Successful Completion of Summer Drill Program
6/13/2011Pays Cash Instead of Shares- Correction to Previous Press Re...
3/30/2011Zoran Arandjelovic Announces Acquisition of Common Shares of...
3/3/2011Mobilizes the Next Drill Campaign at Its Whisker Valley, New...
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