Golden Tag Resources Ltd.

Golden Tag Resources Ltd.

February 21, 2007 15:05 ET

Golden Tag Resources Ltd: Diamond Drilling Commences on McCuaig Red Lake, Ontario Property

MONTREAL, QUEBEC--(CCNMatthews - Feb. 21, 2007) - Golden Tag Resources Ltd. (TSX VENTURE:GOG) is pleased to announce that it has been advised by Rubicon Minerals Corp., the operator of the McCuaig Joint Venture that diamond drilling has commenced on the McCuaig property (jointly held 40% Golden Tag, 60% Rubicon).

The program is designed to test the down-dip extension of the #1 vein at the adjacent Mackenzie Mine, where the vein may enter Balmer Volcanic stratigraphy, coincident with the limb of a regional antiform. The regional setting of the target is interpreted to be similar to the new Bruce Channel Discovery Zone ("BCD") that is currently being drilled by Golden Eagle Mines (Southern Star/Exall) to the immediate southeast of the McCuaig property. Numerous multi-ounce intercepts have been reported from drilling on the BCD Zone within Balmer Volcanic rocks along the margin of a regional antiform and at a vertical depth of 800 to 1,200 metres.

For more information, please visit the Company's website at where a detailed presentation is available on the McCuaig project, as well as Golden Tag's Aquilon projects and the San Diego JV with ECU Silver Mines in Durango State, Mexico.

Statements in the release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially. We undertake no duty to update any forward-looking statement to conform the statements to actual results or changes in our expectations.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Golden Tag Resources Ltd.
    Marc Carrier
    514-426-8543 (FAX)