Taku Encounters Gold in Four Drill Holes on Sulphur Project in Klondike Area of Yukon
August 14 2012 - 9:00AM
Marketwired Canada
Taku Gold Corp. (the "Company") (TSX VENTURE:TAK) is pleased to release results
from a seven hole, 1,033 metre core drilling program recently completed on the
100% owned, 536 claim (11,344 hectare) Sulphur property located in the Klondike
gold district of Yukon approximately 45 kilometres southeast of Dawson City. The
property straddles Sulphur Creek where there are currently at least four active
placer gold mining operations. The Sulphur Creek road provides good access to
the property.
Most of the drilling was done in the Lions area which is located in the
northeast corner of the property. The area shows two linear, roughly parallel,
northwest-trending anomalies. The first extends almost one kilometre and is up
to 400 metres (m) wide, and is the stronger of the two. The second anomaly lies
400m north of the first, and is over 600m long and up to 120m wide (Taku Press
Release - May 31, 2012). The most striking feature about the Lions area is that
the gold trends are coincident with very strong combined arsenic and silver
anomalies. Four of the six holes drilled in this area encountered anomalous gold
values with the best intersection found in hole SU12-01 where 0.31 grams per
tonne Au (gpt Au) was intersected over 2.0m section from 50.0m.
Better gold values were encountered in the single hole drilled on the Blues area
across the Sulphur Creek valley from Lions. Soil geochemical sampling over the
Blues area in 2011 defined a 900m long, northwest-trending, linear gold-in-soil
anomaly, and up to 1.0gpt Au was obtained from trench sampling (Taku Press
Release - May 31, 2012). Hole SU12-07 returned three gold intersections with up
to 0.72gpt Au over 1.0m from 72.0m.
The following table summarizes all the gold-bearing intervals encountered by the
drilling:
Wt.
Avg.
UTM UTM Depth From Length gpt
Hole mE(i) mN(i) Azimuth Dip m Area m m Au
----------------------------------------------------------------------------
SU12-01 611313 7065529 90 degrees -50 degrees 148.0 Lions 50.0 2.0 0.31
SU12-02 611370 7065445 55 degrees -50 degrees 148.0 Lions 58.0 5.0 0.12
SU12-03 611461 7065312 55 degrees -50 degrees 129.0 Lions - - -
SU12-04 611210 7065385 55 degrees -50 degrees 152.0 Lions 75.0 2.0 0.14
SU12-05 611150 7065718 55 degrees -50 degrees 155.0 Lions - - -
SU12-06 611030 7065957 55 degrees -50 degrees 149.0 Lions 56.0 2.0 0.14
SU12-07 604564 7069568 45 degrees -50 degrees 152.0 Blues 39.0 3.0 0.32
Blues 50.0 6.0 0.19
Blues 72.0 1.0 0.72
(i) UTM Zone WGS Zone 7N
All analytical results referred to in this release were determined by Acme
Analytical Laboratories Ltd. in Vancouver, B.C. Acme is accredited under ISO
9001. Rock and drill core samples were prepared by crushing one kilogram to 80%
passing -10 mesh and then pulverizing a 250g subsample to 85% passing -200 mesh.
Each subsample was analyzed for gold by 30g fire assay, ICP-ES finish. Taku
follows an independently designed and monitored quality assurance/quality
control program involving the insertion of standards, blanks and duplicates into
the sampling stream.
Mark Fekete, PGeo., a director of Taku, is the designated qualified person as
defined in Section 1.1 in and for the purposes of National Instrument 43-101
that reviewed and approved the technical content of this release.
On Behalf of the Board,
Taku Gold Corp.
Zachery Dingsdale, CEO and President
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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.
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