Taku Provides Exploration Update on Rosebute Property in Yukon
February 02 2012 - 8:00AM
Marketwired Canada
Taku Gold Corp. (the "Company") (TSX VENTURE:TAK) announces the 2012 proposed
exploration program on the Rosebute property in Yukon.
The 544-claim (11,260-hectare) Rosebute property is located approximately 55km
due south of Dawson City, Yukon and was acquired in March 2010 from well-known
Yukon prospector Shawn Ryan. In 2010, 5,158 soil samples were collected on two
grids based on 50m sample intervals on lines spaced approximately 100m apart,
and a 1,107km airborne radiometric and magnetic geophysical survey was flown.
Excellent geochemical results were obtained from the first grid located in the
northwestern part of the property and an anomalous gold area approximately 189ha
in size was identified (the "Norwest" zone).
In 2011, detailed geochemical sampling was done over the Norwest zone to provide
a sample density of 50m sample stations on lines spaced at 50m apart. Results
from the 457 samples collected in 2011 are well above the 2010 results and three
distinct gold anomalies are delineated. The first anomaly is located in the
northern part of the gridded area. It is well defined over an east trending
length of 900m and shows maximum values up to 212 parts per billion gold (ppb
Au) or 0.2 grams per tonne gold (gpt Au). The second anomaly is located in the
southern part of the gridded area. It is well defined over an east trending
length of 500m and shows maximum values up to 1,334ppb Au or 1.3gpt Au. The
third anomaly is located in the eastern part of the gridded area. It is well
defined over an east trending length of 450m and shows maximum values up to
254ppb Au or 0.3gpt Au. The first and third anomalies line up in a west to east
trend and may in fact identify one gold-bearing zone up to 1.8km long. More work
will have to be done to establish if this is a valid interpretation.
In addition to the detailed sampling on the Norwest zone, 2,259 reconnaissance
ridge and spur samples were taken over the entire Property in 2011. A gold value
of 3.4gpt Au was returned from a sample collected approximately 3km north of the
Norwest zone. A small cluster of anomalous gold results was also identified 2.4
km southeast of the Norwest zone with maximum values up to 491ppb Au or 0.5gpt
Au.
For 2012, Taku will be concentrating on the Norwest zone. It is anticipated that
the three gold-rich areas within the Norwest zone will be mapped, trenched and
sampled, and then drilled. Detailed soil sampling and possibly trenching will
also be undertaken at the two new zones mentioned above. A preliminary budget of
$600,000 has been proposed for the project and it is expected that work will
begin in early June 2012.
Investors are invited to visit
http://www.takugold.com/whitegold_rosebute_property.html to view updated maps
for the Rosebute Project.
All analytical results mentioned in this release were determined by Acme
Analytical Laboratories Ltd. ("Acme") in Vancouver, British Columbia. Acme is
accredited under ISO 9001. Soil samples were prepared by drying and sieving 100g
to -80 mesh, and then analyzed for 36 elements (including gold) by 15 gram Aqua
Regia digestion, ICP-MS 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 that reviewed the technical content of this release.
On Behalf of the Board, Taku Gold Corp.
Zachery Dingsdale, CEO and President
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.
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