Tuesday, August 9, 2016

Taseko Expands Land Package at Gibraltar

Courtesy of Taseko Mines Ltd:

Taseko Mines Limited (TSX: TKO; NYSE MKT: TGB) (“Taseko” or the “Company”) is pleased to announce that it has acquired new mineral claims which are adjacent to existing Gibraltar claims, although well outside current mining areas.

In total, these new claims represent nearly 6,000 acres of land located approximately two kilometres to the northwest of the Extension Zone which forms part of Gibraltar’s mineral reserves and resources.

The newly acquired ground was explored roughly 30 years ago with Induced Polarization identifying magnetic highs associated with porphyry deposits. Limited drilling has been undertaken since initial exploration activities. Projections of mineral occurrences, based on a desktop evaluation undertaken prior to purchasing this new exploration land package, indicate mineralization is trending to the north-northwest and beyond previous claim boundaries onto the newly acquired property.

A recently completed exploratory drill hole located northwest of the extension zone area supports the results of the desk top evaluation. The Company is in the late stages of compiling assay data from this hole along with other historical geological data.

For further information on Taseko and the Gibraltar project, please visit the Taseko website at www.tasekomines.com or contact:

Brian Bergot, Vice President, Investor Relations - 778-373-4533 or toll free 1-877-441-4533

No comments: