TAD Acquires New Hydrothermal Graphite Prospect
February 26, 2014 (Source: Marketwired) — TAD Mineral Exploration Inc. (“TAD” or the “Company”) (TSX VENTURE:TJ) is pleased to announce that it has acquired the “Drowning River Hydrothermal Graphite Prospect.” This new prospect is located within the vicinity of TAD’s “Constance Lake Hydrothermal Graphite Prospect.”
James Nelson, a director of TAD stated, “This new prospect compliments our Constance Lake Hydrothermal Graphite Prospect that borders Zenyatta Ventures Ltd.’s hydrothermal graphite discovery. When you couple this exciting new prospect with the recently announced 11,000 acres bordering NexGen in the Athabasca Basin, it is clear that management is working to build the assets of the Company, at a time when we feel the venture market has become significantly more buoyant.”
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Last week TAD announced a significant parcel of land bordering NexGen in the Basin. With the positive news recently from NexGen and Fission, there is significant interest in the Athabasca Basin. With this new acquisition, TJ now has multiple prospects in this world-class uranium district. Management is currently formulating a plan to investigate this new prospect, as well as looking to build on the Company’s assets and possibly acquiring additional ones.
TAD’s main prospects are as follows: (a) multiple prospects located in the world renowned uranium district of the Athabasca Basin in Saskatchewan in close proximity to the Fission Uranium Corp (FCU) Patterson Lake South discovery and bordering NexGen Energy Ltd (NXE); (b) another prospect is the Iskut copper/gold prospect near Colorado Resource’s (CXO) ‘North Rok’ discovery in British Columbia; (c) an additional project the “Constance Lake” hydrothermal graphite prospect borders Zenyatta Ventures Ltd.’s recently discovered deposit; and (d) the new hydrothermal graphite prospect announced today which was acquired via staking.
ON BEHALF OF THE BOARD
TAD MINERAL EXPLORATION INC.
James Nelson, Director
Neither the 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 press release.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>