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Gold/Mining/Energy : GoldAndSilver_Fireworks

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To: John McCarthy who wrote (23)1/11/2011 11:07:20 AM
From: coug   of 32
 
TGB.. Taseko Mines.. +14.99% (+.76) to @5.83.. 7.3 mil volume

Edit now..+15.58%


Successful Drill Program at Taseko Mines' Aley Property Indicates a Major Niobium Deposit With Potential to Develop a Significant Operation

Press Release Source: Taseko Mines Limited On Monday January 10, 2011, 5:14 pm EST

VANCOUVER, Jan. 10 /PRNewswire/ - Taseko Mines Limited (TSX:TKO.to - News) ("Taseko" or the "Company") announces that its 2010 core drilling program completed at its wholly-owned Aley Niobium Project located near Mackenzie, British Columbia has been highly successful. Assay results indicate strong potential for development of a major niobium deposit and mine operation.

Taseko's 2010 exploration program comprised geological mapping and diamond drilling of 23 drill holes (2010-12 through 2010-34), for a total of 4,460 metres. Assay results for 21 of these drill holes have been received. These holes intersected excellent grade niobium mineralization across an area measuring over 900 metres east-west and 350 metres north-south. Mineralized drill intercepts range up to over 200 metres in length; the true widths will be determined by further delineation drilling. Niobium mineralization intersected is highly continuous and close to surface. The extensive body of niobium mineralization indicated by the 2010 drilling is wide open to expansion in at least three directions and to depth.


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