tad mineral exploration inc (TJ) Snapshot

TAD Mineral Exploration Inc. announced it has acquired approximately 2,165 acres of land prospective for copper and gold near the village of Iskut, British Columbia, the Iskut Copper Gold Prospect. This new prospect is in the vicinity of the recent discovery made on Colorado Resources Ltd.'s North Rok Property that retuned grades of 242 m of 0.63% Cu and 0.85% Au. This region of British Columbia also hosts the Red Chris mine owned by Imperial Metals. This prospect was acquired through staking.

TAD Mineral Exploration Inc. has acquired approximately 4,000 hectares (9,885 acres) of land prospective for uranium in the Athabasca Basin. This new prospect is in the vicinity of the recent discovery at the Patterson Lake South prospect of Alpha Minerals Inc. and Fission Energy Corp. Management plans to mobilize crews shortly to start work on this prospect. This prospect was acquired through staking. The Athabasca Basin located in Northern Saskatchewan, is an ancient sedimentary basin which hosts the most of the world's most significant uranium mines and produces over 20% of the current world uranium production (U3O8). Athabasca uranium deposits also have grades substantially higher than the world average grade of about 0.2% U3O8. The two dozen or so known uranium deposits within the Athabasca Basin have average grades of more than 3.0% U3O8. The two large deposits, Cigar Lake and McArthur River have average grades of 20% and 24% U3O8 respectively.

TAD Mineral Exploration Inc. announced the resignation of Greg Thompson from the board.