Samples 52.8 G/T Gold on the North Zone of the Hazelton Property
Fri Nov 6, 11:52 AMVANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 6, 2009) - TAD Capital Corp. ("TAD") is pleased to announce that the 2009 program on the north zone of the Hazelton Prospect has been completed. Work consisting of geological, geochemical, and geophysical surveys has resulted in several new high-grade gold discoveries and increased the area of known gold mineralization on the property to 1400m x 800m.
The program focused on evaluating the extent of mineralization near the margins of a granitic stock. Numerous gold-bearing veins are present in three areas situated along the perimeter of a Cretaceous stock, which measures 600m in diameter. Indications are that the stock is part of a larger intrusive body mapped digitally by the Geological Survey of Canada in 2008. The composition of the concealed intrusion is unknown but judging from surface exposures it ranges from granite to granodiorite and includes monzonite phases and rhyolite dykes. Gold mineralization on the property conforms to a broadly defined intrusion related class of deposits with gold mineralization hosted within a thermal aureole. The distinctive features of this class of gold deposits are sheeted arrays of parallel, single-stage quartz veins which are found over 10s to 100s of metres and preferentially located in the pluton's cupola. These types of veins are also described as "reduced intrusion-related gold systems" represented by the Fort Knox, Pogo, Donlin Creek, and Dublin Gulch deposits in Alaska and the Yukon. Past work had recognized that the sulphide mineralogy of individual veins varies along strike and possibly along the dip direction. Sulphide content ranges from 2 to 45%, and consists mainly of arsenopyrite (up to 30%) and pyrite (up to 30%). The mineralization observed to date has two mineralogical characteristics that impact the precious metal grades: - mineralization dominated by arsenopyrite-pyrite banded intergrowths - mineralization dominated by banded arsenopyrite with minor pyrite-galena-sphalerite-tetrahedrite at the vein margins Locally, the veins carry small amounts of copper sulphides that include tetrahedrite. This mineral association is of particular significance and has returned a high grade gold of up to 52.48 g/t gold in one sample. Camp Area In the Camp Area, there are a minimum of thirteen quartz-sulphide veins present over an area measuring 150 x 200 metres. The area is situated between two deeply incised creeks named West Creek and East Creek. Work completed in 2009 resulted in the exposure of six new veins. The majority of the veins strike north-westerly and have gentle dips to the northeast with true widths ranging from 6 to 47 cm. One of the newly found mineralized zones consists of two 25 cm thick veins separated by a 30 cm zone of altered monzonite host rock. The veins were exposed in a 0.8 x 1 metre trench and sampled across a 0.8 metre width. This site returned 1.91 g/t gold and 8.0 g/t silver (sample 723372). Two veins in close proximity to each other have been exposed by shallow trenches (samples 723351 and 723352). The vein dipping gently to the north (723351) contained 20% sulphides with arsenopyrite being the dominant sulphide. The vein dipping gently to the northeast contained relatively high pyrite and lesser arsenopyrite (723352). The latter vein returned 52.48 g/t gold and greater than 100 g/t silver. Re-exposure of a 1988 trench has resulted in the documentation of a 127 metre long quartz-sulphide vein striking 346ú. Several locations along this trench were re-excavated using hand tools and then sampled. The vein is dipping to the east-northeast at a 44ú angle and ranges in width from 15 to 35 cm. Four channel samples returned an average weighted content of 3.74 g/t gold and 9.13 g/t silver. One sample from a silica-sulphide cemented fault fracture returned 3.62 g/t gold and 6.4 g/t silver across 6cm.Select Camp Area Samples ---------------------------------------------------------------------------- Sample ID Area Width cms Gold gm/t ---------------------------------------------------------------------------- 723351 Camp Area 16 5.05 ---------------------------------------------------------------------------- 723352 Camp Area 14 52.48 ---------------------------------------------------------------------------- 723353 Camp Area 15 2.73 ---------------------------------------------------------------------------- 723354 Camp Area Grab 4.67 ---------------------------------------------------------------------------- 723355 Camp Area 35 3.14 ---------------------------------------------------------------------------- 723356 Camp Area 6 3.62 ---------------------------------------------------------------------------- 723358 Camp Area 20 1.99 ---------------------------------------------------------------------------- 723362 Camp Area 68 3.17 ---------------------------------------------------------------------------- 723368 Camp Area 15 8.49 ---------------------------------------------------------------------------- 723369 Camp Area 25 1.65 ---------------------------------------------------------------------------- 723372 Camp Area 80 1.91 ---------------------------------------------------------------------------- 723373 Camp Area 70 1.45 ----------------------------------------------------------------------------North Area A large area situated between the headwaters of West and East Creeks contains a minimum of eight widely scattered veins. All of the veins are hosted within the hornfelsed sediments. Six of the veins were discovered during a prospecting traverse in September 2009. A major fault along the West Creek follows the margin of a 15-metre wide dyke. The fault is steeply dipping to the southeast and is well exposed along the West Creek gorge at the 1565m elevation. Fifty metres east of this location, two minor quartz veins were exposed by hand-trenching. The veins are 8 and 12 cm thick and average 5.60 g/t gold and 26.7 g/t silver. Both veins are striking roughly east-west while dipping in opposite directions. At another location within the North Area, a horizontal quartz-sulphide vein follows the footwall of the monzonite dyke. It is 10 to 19 cm thick and contains 30% arsenopyrite and 5% pyrite. The strike extension of this vein traverses the East Creek at the 1655m elevation where it is offset by a north-easterly trending, sub-vertical fault. The vein averages 6.70 g/t gold and 15.90 g/t silver from two channel samples collected. A short distance further to the west, another dyke hosts a 10 cm vein that returned 21.35 g/t gold and 41.9 g/t silver.
Select North Area Samples ---------------------------------------------------------------------------- Sample ID Location Width cm Gold gm/t ---------------------------------------------------------------------------- 723387 North Area 42 8.04 ---------------------------------------------------------------------------- 723388 North Area 10 21.35 ---------------------------------------------------------------------------- 723389 North Area 19 6.45 ---------------------------------------------------------------------------- 723391 North Area 5 8.22 ---------------------------------------------------------------------------- 723392 North Area 15 5.75 ---------------------------------------------------------------------------- 723393 North Area 8 3.73 ---------------------------------------------------------------------------- 723394 North Area 10 7.10 ----------------------------------------------------------------------------Southwest Area Five quartz-sulphide veins outcrop over an area measuring 70 x 70 metres situated within the southwest part of the thermal aureole. The veins have widths ranging from 8 to 12 cm and contain on average 15% sulphides and consist mainly of arsenopyrite. The veins are striking to the northeast and are dipping southeast at varying angles. Five samples collected from these veins produced grades ranging from 2.94 g/t to 8.84 g/t gold and from 8.3 g/t to 26.3 g/t silver.
Select Southwest Area Samples ---------------------------------------------------------------------------- Sample ID Location Width cm Gold gm/t ---------------------------------------------------------------------------- 723377 Southwest Area 8 5.29 ---------------------------------------------------------------------------- 723278 Southwest Area 12 3.40 ---------------------------------------------------------------------------- 723379 Southwest Area 22 2.94 ---------------------------------------------------------------------------- 723381 Southwest Area 18 8.84 ---------------------------------------------------------------------------- 723382 Southwest Area Grab 3.42 ---------------------------------------------------------------------------- 723383 Southwest Area 13 8.53 ----------------------------------------------------------------------------West Creek Area The West Creek forms the best continuous rock exposure centered on the Sidina intrusion. A major fault follows the creek along the west bank of the creek. The outcrops reveal fracturing along north-south trending subsidiary structures. Five mineralized veins ranging from 6 to 30 cm in width were discovered along the sides of this creek. One vein was sampled in two locations across true widths of 20 and 30 cm (samples 723364 and 723376 respectively). The samples produced an average weighted value of 7.64 g/t gold and 71.8 g/t silver. The vein strikes to the west and is dipping to the north at 55ú.
West Creek Select Samples ---------------------------------------------------------------------------- Sample ID Location Width cm Gold gm/t ---------------------------------------------------------------------------- 723363 West Creek Grab 0.75 ---------------------------------------------------------------------------- 723364 West Creek 20 6.15 ---------------------------------------------------------------------------- 723365 West Creek 6 5.47 ---------------------------------------------------------------------------- 723366 West Creek 9 1.59 ---------------------------------------------------------------------------- 723367 West Creek 25 2.36 ---------------------------------------------------------------------------- 723376 West Creek 30 8.65 ---------------------------------------------------------------------------- 184233 West Creek 30 7.45 ---------------------------------------------------------------------------- 184235 West Creek 20 3.78 ---------------------------------------------------------------------------- 184236 West Creek 140 1.03 ----------------------------------------------------------------------------The 2009 soil survey outlined gold-in-soil anomalies extending to the south of the Camp Area. These anomalies are enhanced by the presence of copper and other elements which in turn are indicative of sulphide dispersion. The sedimentary rocks that outcrop between West Creek and East Creek appear to be hornfelsed. Above background magnetic responses coincide with the local presence of monzonite which was mapped in 2009. These geological components of the target, along with localized pathfinder element anomalies in soils indicate a prime target for vein-type precious metal mineralization. Oxidized quartz-sulphide material extends beyond the areas sampled, and indications are that these target attributes extend beyond the area of the 2009 program. Conrad Clemiss, President of Tad stated, "These initial results for the north portion of Hazelton Prospect are encouraging. When you combine the south results with these, it shows multiple areas of high priority drill targets throughout the entire prospect. The company is planning an aggressive upcoming exploration programme, which will consist of geological mapping and sampling, geophysics, trenching, and drilling based on these results achieved to date." If you would like to be added to TAD's update list please send an email to info@tadcapital.com Greg Thomson, P. Geo. is the Qualified Person for the Hazelton Prospect and has read and authorized this news release. ON BEHALF OF THE BOARD TAD CAPITAL CORP. Per: Conrad Clemiss, President Statements in this news release regarding TAD's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties.. Actual results in each case could differ materially from those currently anticipated in such statements. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. NEITHER 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 RELEASEContactsConrad Clemiss
TAD Capital Corp.
President
(604) 646-899 9302
www.tadcapital.com
