Taku Commences Drilling at Portland Property in Yukon
August 26 2011 - 8:00AM
Marketwired
Taku Gold Corp. (the "Company") (TSX VENTURE: TAK) is pleased to
announce that the deep auger-type soil sampling stage of the 2011
exploration program is now complete. In total 24,604 samples were
collected on the Aussie-Melba, Bishop, Burnham, Dan, Sulphur,
Montana, Rosebute and Wounded Moose properties. Of these, 17,401
were collected at 50m sample intervals along ridge and spurs. This
preliminary sampling identified a number of prospective locations
for gold mineralization on the Bishop, Sulphur, Montana and Wounded
Moose properties as described in previous news releases. Follow-up
grid sampling at 50m sample stations on grid lines spaced 100m
apart has now been completed on the prospective areas of these
properties. Grid sampling was also completed on the Rosebute
property over a prospective area identified in 2010 as described in
previous news releases. A total of 7,203 samples were collected on
grid lines. Complete results are pending for the gridded areas.
Taku has now moved into the second stage of the 2011 exploration
program with diamond drilling underway at the Portland property.
The goal of the drill program is to test the continuity of a
gold-bearing structure first identified historically as the Gold
Run showing. Trenching in 2010 traced the structure over a strike
length of 250m on surface. Systematic chip sampling in the trenches
returned gold values across the structure up to 97.23gpt Au (uncut)
over 7.0m with a maximum value of 455.76gpt Au (Taku Press Release
- December 7, 2010).
The results quoted above are based on analytical work completed
at Acme Analytical Laboratories Ltd. ("Acme") in Vancouver, British
Columbia. Acme is accredited under ISO 9001. Rock samples were
prepared by crushing 1kg to 80% passing -10 mesh and then
pulverizing a 250g sub-sample to 85% passing -200 mesh. Rocks were
analyzed for gold by 30g fire assay, ICP-ES finish. Over limit
(greater than 10gpt Au) samples were re-assayed by 30g fire assay,
gravimetric finish. Mark Fekete, P.Geo is the designated "qualified
person" as defined in Section 1.2 in and for the purposes of
National Instrument 43-101 responsible for reviewing the technical
content of this release.
"I am pleased to report that Taku has accomplished all of the
milestones it set at the beginning of the exploration season. This
is due to the hard work and determination of Taku's exploration
team and I thank them for their contribution. The commencement of
the drill program at Portland begins a new phase in the development
of our Yukon assets. We look forward to continued success,"
comments Zak Dingsdale, President.
On Behalf of the Board,
Zachery Dingsdale, President and CEO
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Statements in this release that are forward-looking are subject
to various risks and uncertainties as identified above and in the
Company's periodic filings with the British Columbia Securities
Commission and the U.S. Securities Exchange Commission. Such
information contained herein represents management's best judgment
as of the date hereof based on information currently available. The
Company does not intend to update this information and disclaims
any legal liability to the contrary.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Contacts: Taku Gold Corp. Zachery Dingsdale President and CEO
604.642.0115 or Toll Free: 866.345.0115 604.642.0116 (FAX)
info@takugold.com
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