Golden Tag Resources Ltd.

Golden Tag Resources Ltd.

December 20, 2007 09:45 ET

Golden Tag Resources Ltd.: Results of Drilling Program, McCuaig Project Red Lake, Ontario

MONTREAL, QUEBEC--(Marketwire - Dec. 20, 2007) - Golden Tag Resources Ltd. (TSX VENTURE:GOG) announces the results of the summer drilling program as provided by joint venture partner and operator, Rubicon Minerals Corp. ("Rubicon") on the McCuaig joint-venture property in Red Lake, Ontario (Golden Tag 40%-Rubicon 60%).

Rubicon announces that assays from McCuaig drilling (seven holes, 7,307.75 metres) have intersected thick (up to 10 metres) anomalous low grade gold sections (100+ppb) with local veined and visible gold-bearing sections developed within intrusive and Balmer assemblage rocks. These include 9.30 g/t gold over 0.75 metres, part of a section averaging 2.13 g/t gold over 4.7 metres and 5.05 g/t gold over 0.7 metres, part of a section averaging 1.03 g/t gold over 9.25 metres. These results are hosted in the margin of a quartz veined diorite intrusive. Drilling has also confirmed the presence of major NE trending fault zones up to 16 metres thick which represent important regional features for possible follow up. Although some assays are still pending, Rubicon has advised that they do not anticipate any material change to these results.

Golden Tag Resources Ltd. is a junior exploration company exploring for high grade gold and silver deposits at the San Diego silver project in Durango State, Mexico; the Aquilon Propery in James Bay, Quebec; and the McCuaig gold project in Red Lake, Ontario.

True widths are estimated to be approximately 70% to 90% of reported lengths. All assays were conducted on sawn NQ2 and NQ-sized half core sections. Program assays were completed by ALS Chemex using the metallic screen fire assay procedure or fire assay gravimetric finish. Standards and blanks were included at regular intervals in each sample batch. Gold standards were prepared by CDN Resource Laboratories Ltd. Work programs are supervised by Terry Bursey, P.Geo, .the project Qualified Person under the definition of NI 43-101.

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 statements 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)