"The work completed on the graphite showings on the Cabot is preliminary and much remains to be done. The grades, widths and regional extent of the graphite mineralization are encouraging and certainly warrant the drilling of one or two holes to obtain a true test of its grade and quality across their total width".
"We also have on the Cabot property a Cu-sulfide showing that is exposed at surface. Preliminary examination of the outcrop exposures and available drill core indicate that this deposit may have been separated from the main deposit by faulting. We need to find the extension of this deposit" commented Joseph Feldman, CEO and President, Tawsho Mining.
Since both graphite and Cu-sulfide targets respond well to VTEM and magnetometer surveys, Tawsho contracted Geotec Ltd. Aurora, Ontario late autumn 2012 to undertake a heliborne VTEM and Magnetometer survey on the Cabot property. This survey has only recently been completed and the data is in the process of being analyzed. The preliminary results are positive with well defined anomalies in each areas of expected mineralization.
"Overall, 2012 has been a very good year for Tawsho. Results from the drill program on the Whisker Valley were very positive as reported in our recent press release dated January 4, 2013. We now also have a new graphite discovery on the Cabot property, and both Cu-sulfide and Au-quartz vein showings that have been historically drilled. Exploration on each of these prospects has advanced past the discovery stage and Tawsho now needs to extend its activities to develop the resource base on each prospect. By adapting a systematic approach toward developing each of its properties, Tawsho's efforts during the last two years even with limited budgets, are starting to bear fruit. We are now entering a new phase of exploration in 2013. We look forward with excited anticipation to our results as our exploration activities begin to transform prospects into resources" concluded Joseph Feldman.
The press report was prepared by Edward Procyshyn, P.Geo and was reviewed by Joseph Feldman, President and CEO Tawsho Mining Inc. The contents and technical details of the final report were also reviewed by Edward Procyshyn, P.Geo who is the qualified person as defined by NI I43-101.
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 projects. The Corporation is presently developing its Whisker Valley Property (comprised of 764 claims, covering an area of 19,100 hectares, or 191 sq. km) and its Cabot Property (comprised of 102 claims covering and area of 2,550Ha or25.5sq. km) both located in Baie Verte Peninsula, Newfoundland and its Chevrier 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 25.2 Million shares outstanding.
Graphite Analysis, Quality Assurance/Quality Control:
Tawsho Mining is committed to a regimented QA/QC program including utilizing standards, blanks and duplicates as per normal industry standards. Samples collected in the field are cleaned, and organic material eliminated as much as is possible. In this preliminary submission, additional standardized reference material and blanks were not inserted although standard laboratory analysis did include duplicate analysis and inserted laboratory standard. Instead, the initial batch of samples were prepared by Eastern Analytical Ltd (Springdale NL) and sent to two analytical laboratories: Acme analytical Laboratories (Vancouver, BC) and ALS Canada Ltd (Vancouver, BC). The final batch of samples were sent to Actlab-Activation Laboratories Ltd (Ancaster) for sample preparation and graphite analysis and to Actlab (Thunder Bay, Ontario) for MLA analysis. Rejects and pulps are returned and stored at the core shack in Baie Verte, NL.
Acme Labs, ALS and Actlab are accredited analytical laboratories. All laboratories have similar standard sample preparation procedures which can be obtained from their web sites. The technique used for determining graphitic carbon is by LECO whereby the pulp is partially digested with hydrochloric acid to remove the inorganic carbon in carbonate minerals and then subjected to a multistage furnace treatment
Tawsho Mining Inc. has implemented the standard QA/QC protocol for analysis and storage of its exploration and diamond drilling. Normally, standards and duplicate samples are randomly inserted and constitute 10% of samples submitted. The samples are transported by a Tawsho employee from the Property to the analytical laboratory or sealed in containers and sent by courier services to appropriate laboratories.. Chain of custody protocols require signatures and the maintenance of logs and receipts each time the samples are picked up from or delivered to a new location. When utilizing commercial transportation, all shipping sacks are sealed with a numbered tag, the removal of which is recorded upon receipt by the analytical laboratory. The rejects samples are returned and securely stored in a core shack/storage building in Val d'Or.
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.
Tawsho Mining Inc.
Mr. Joseph Feldman
President and CEO
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