TAD Mineral Exploration Inc.
, Stock Forum
) said that the initial work program consisting of a VTEM max program over its uranium block in the Patterson Lake Area of the Athabasca Basin, Saskatchewan has commenced.
According to the Tad Minerals Exploration press release
, this survey will assist in locating the basement indicators on the property.
According to Aeroquest International Ltd., a collector and interpreter of data from the earth’s surface, "The VTEM max
or Versatile Time Domain Electro Magnetic system is the most innovative and successful airborne electromagnetic system to be introduced in more than 30 years. The proprietary receiver design using the advantages of modern digital electronics and signal processing delivers exceptionally low-noise levels. Coupled with a high dipole moment transmitter, the result is unparalleled resolution and depth of investigation in precision electromagnetic measurements. The system was designed to be field configurable to best suit a large variety of different geophysical requirements from deep penetration to optimizing the discrimination within a narrow range of resistivity values."
TAD is a junior mineral exploration company with prospects in Saskatchewan, British Columbia and Ontario.
On Wednesday, TAD rose 16.7% and was trading at $0.035 a share. The company had a market cap of $1.9 million, based on 53.5 million shares outstanding.