News and event information for Williams Lake, BC - as it happens.

Taseko Mines Limited announces an inferred resource of 159 million tonnes grading 0.43% Nb2O5 at the Company's wholly-owned Aley Niobium Project, approximately 130 km north of Mackenzie, BC. 

The resource estimate is based on drill data gathered from Taseko's 2010 drilling program, along with historical drill data.  The data formed the basis for the development of a geological model incorporating mine engineering studies. 

The inferred resource model does not incorporate information being generated from the 2011 drilling and metallurgical programs now underway. 

Additional information gathered during the 2011 work program season will be used to convert the inferred resources into a measured and indicated reserve in 2012. 

Russell Hallbauer, President and CEO of Taseko commented, "We are very encouraged with the results of our ongoing evaluation program on Aley.  Our 2011 drill program and metallurgical testing continues to support our belief that Aley will become a significant Niobium producer in the near future.  With 650 million kilograms of contained Nb2O5 identified in our defined pit shell, we will be able to use our open pit mining expertise to develop a low cost, long life mining operation once final engineering is complete. 

Over the past three months our exploration team has drilled a further 65 holes on the property and we are well advanced on all aspects of mine and concentrator design.  Additionally, we are fully engaged in baseline environmental work as we prepare for completion of the feasibility study in 2012."

| More...