TAO EXPANDS HOLDINGS OVER MINERAL DISTRICT · 2018. 7. 3. · TAO EXPANDS HOLDINGS OVER ADJOINING...
4
Tao Commodities Limited | ABN: 84 618 935 372 | +61 8 6380 2470 22 Townshend Road Subiaco WA 6008 | [email protected] 1 3 rd July 2018 ASX RELEASE TAO EXPANDS HOLDINGS OVER ADJOINING MINERIAL DISTRICT • Tao expands holdings with additional 100 mining claims staked south west of the Company’s Captain Jack prospect and adjoining Alderan Resources Limited (ASX: AL8). • New claims cover numerous historical workings and small-scale mines. Deposit styles within the area are carbonate replacement or manto-style base metals (Pb, Zn & Ag) epithermal gold-silver, copper-magnetite skarn or breccia hosted base or precious metals deposits. • Additional ground will be included into the phase 1 exploration program which includes sampling, mapping and geophysics. • The phase 1 exploration program commenced during May 2018, targeting existing high-grade Zinc, Lead and Copper mineralisation, with over 80 samples collected to date. • Assay results expected imminently with follow-up mapping and trenching work to commence immediately. • Phase 2 exploration to include maiden drilling program targeted for commencement Q3 2018. Tao Commodities Limited (“TAO” or “the Company”) (ASX: TAO) is pleased to announce it has acquired an additional 100 mining claims within the highly prospective Beaver County mining district located in Utah, USA. The additional mining claims are located south west to the Company’s existing Captain Jack prospect, were recent samples were collected, and the new claims also border tenure held by Alderan Resources Limited (ASX:AL8). The Company’s additional claims cover numerous historical workings and same-scale mines, hosted within sedimentary and tertiary-aged intrusives. The Company will immediately begin a sampling program on the additional ground, along with follow-up mapping and trenching as part of the phase 1 exploration program. Several potential drill targets have already been identified and will form part of the phase 2 exploration program which will include a maiden drilling program, expected to commence Q3 2018. For personal use only
Transcript of TAO EXPANDS HOLDINGS OVER MINERAL DISTRICT · 2018. 7. 3. · TAO EXPANDS HOLDINGS OVER ADJOINING...
-
TaoCommoditiesLimited|ABN:84618935372|+6186380247022TownshendRoadSubiacoWA6008|[email protected]
1
3rdJuly2018ASXRELEASE
TAOEXPANDSHOLDINGSOVERADJOININGMINERIALDISTRICT
• Tao expands holdingswith additional 100mining claims staked southwest of the
Company’s Captain Jack prospect and adjoining Alderan Resources Limited (ASX:AL8).
• Newclaimscovernumeroushistoricalworkingsandsmall-scalemines.Depositstyleswithintheareaarecarbonatereplacementormanto-stylebasemetals(Pb,Zn&Ag)epithermal gold-silver, copper-magnetite skarn or breccia hosted base or preciousmetalsdeposits.
• Additional ground will be included into the phase 1 exploration program whichincludessampling,mappingandgeophysics.
• The phase 1 exploration program commenced duringMay 2018, targeting existinghigh-gradeZinc,LeadandCoppermineralisation,withover80samplescollectedtodate.
• Assay results expected imminentlywith follow-upmapping and trenchingwork tocommenceimmediately.
• Phase2explorationtoincludemaidendrillingprogramtargetedforcommencementQ32018.
TaoCommodities Limited (“TAO”or “theCompany”) (ASX:TAO) ispleased toannounce ithasacquiredanadditional100miningclaimswithin thehighlyprospectiveBeaverCountyminingdistrictlocatedinUtah,USA.TheadditionalminingclaimsarelocatedsouthwesttotheCompany’sexistingCaptainJackprospect,wererecentsampleswerecollected,andthenewclaimsalsobordertenureheldbyAlderanResourcesLimited(ASX:AL8).TheCompany’sadditionalclaimscovernumeroushistoricalworkingsandsame-scalemines,hosted within sedimentary and tertiary-aged intrusives. The Company will immediatelybegin a sampling program on the additional ground, along with follow-up mapping andtrenchingaspartofthephase1explorationprogram.Severalpotentialdrilltargetshavealreadybeenidentifiedandwillformpartofthephase2explorationprogramwhichwill includeamaidendrillingprogram,expected tocommenceQ32018.
For
per
sona
l use
onl
y
-
TaoCommoditiesLimited|ABN:84618935372|+6186380247022TownshendRoadSubiacoWA6008|[email protected]
2
TenureMapLocationofexistingclaimsheldbyTAO,newclaimsstakedandcompetitor claimsheldbyAlderan Reosuces Limited (ASX: AL8). Locations of recent sampling program with resultsexpectedimminentlyarealsodetailed.
")")")")")")")")
")")")
")")")
")")")")")")")")")")")")
")")")")")
")
")")")")")")")")
")
")")")
")")")
")
")")")")")")")
")
")")
")
")")")
")
")")")")")")")
")
")")")
")
")")
")")")
")")
")")
")")
")")
28S 11W28S 12W
29S 11W29S 12W
245
1 6
97 8
7 8 9
3
11
31 32
13
33
14 18
30
12
21
35
28
36
1923
16
24
26 2925
17
20
11 12
3
34
27
22
15
10
4
10
5
10
6
15
1
22
27
2
34
10
33
0 10.5 Miles
0 2,0001,000 Meters
±Milford Claims Map T28S R11W, T28S R12WBeaver County, Utah Land Ownership
Private or Patented Claims
BLM
State of UtahAdditional Claims (100)
Captain Jack
Silver Gulch
Silver Bear
Mocassin
T a o C o m m o d i t i e s L t d .T a o C o m m o d i t i e s L t d .2 2 T o w n s h e n d R o a d2 2 T o w n s h e n d R o a dS u b i a c o W A 6 0 0 8S u b i a c o W A 6 0 0 8
Competitor Claims (approximate)
ML Claims (100)
May 2018 Sample Locations (88)")For
per
sona
l use
onl
y
-
TaoCommoditiesLimited|ABN:84618935372|+6186380247022TownshendRoadSubiacoWA6008|[email protected]
3
Detailsofnewclaims
TAOsecuredtheclaimsorleasesbydirectapplicationwithCalatosPtyLtd(100%subsidiaryofTAO)holding100%ofthemineralrights.The100claimsareunpatentedclaims(ML101–ML200).
Thecostforstaking,mapping,countyandBLMfilingfeeswasUSD$50,000
28S 11W28S 12W
29S 11W29S 12W
245
1 6
97 8
7 8 9
33
11
31 32
13
33
14 18
30
12
21
35
28
36
1923
16
24
26 2925
17
20
11 12
10
15
4
22
27
5
34
61
34
10
27
2
22
10
15
10
3 3
111
110
118117
113
119
114
112
115 116
165
161
101
107 121
163
172
173
149
129128
126
125
127
196
197
170
171
169
168
167
120106
192
184
194
190
191
193
185
195
158
160
155
159141
146
147
148
166
198
199
200
176
177
151
133132
174
175
150
131130
182
188
189
183
154
157
139
145
138
144
105
123
124
180
186
187
181
156
153
137
143142
136
103
109 122
104
134 135
152
179
178
164
108
102
162
140
7
8 9
1
2
6
5
4
3
11
26
30 31
32 33
34
36
87
81
6642
39 40 64
38
79
80
73
5372
2120
2524
28 6129
62
75
35
77
84
74 76
43
4715
10
14
92
71
93
96
98
97
451312
85
54
59 58
60
46
78
99
68
86
83
69
95
91
48
70
50
82
491716
44
511918
65
63
89
94
41
37
90
27
22 23 55
5657
67
52
88
100
0 0.80.4 Miles
0 2,1001,050 Meters
±Milford Claims Map T28S R11W, T28S R12WBeaver County, Utah Land Ownership
Private or Patented Claims
BLM
State of UtahAdditional Claims (100)ML Claims (100)
Ta o C o m m o d i t i e s L t d .Ta o C o m m o d i t i e s L t d .2 2 To w n s h e n d R o a d2 2 To w n s h e n d R o a dS u b i a c o W A 6 0 0 8S u b i a c o W A 6 0 0 8
For
per
sona
l use
onl
y
-
TaoCommoditiesLimited|ABN:84618935372|+6186380247022TownshendRoadSubiacoWA6008|[email protected]
4
TheCompanylooksforwardtoprovidingshareholderswithassayresultsfromthephase1explorationprogramoncereceived.
ENDForfurtherinformation,pleasecontact:PatrickGlovacManagingDirectorTAOCommoditiesLimitedinfo@taocommodities.com.au
For
per
sona
l use
onl
y
