TAC Gold Corp.
CNSX : TCG

TAC Gold Corp.

February 20, 2012 09:00 ET

TAC Gold Corp.: Update on the Belleville Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 20, 2012) - TAC Gold Corp. (CNSX:TCG) (the "Company "or "TAC"), a Vancouver based gold exploration company, announces today an update on the Company's Belleville project and the scheduled drill program.

Upon encountering unexpectedly thick alluvium ("gravel") in December 2011, the company contracted an expert in RC mud drilling to supervise the drilling of the IP target and brought in special equipment to facilitate placing casing through the gravel. Upon which, the company again attempted to drill the IP target in January 2012 and a mud rotary hole was attempted. After a number of problems 90 feet of casing was finally installed. A tricone bit was then used to extend the hole to avoid the heavy vibration caused by a hammer bit. Initially this worked down to 200 feet where unfortunately the hole remained in gravel. Caving again became a problem and to avoid losing the entire drill string the hole was abandoned at 235 feet.

The single deepest hole drilled at Belleville was logged and sent for geochemical analysis to check for possible alluvial gold. Results of this work have been received. Anomalous gold ranging from 0.04 to 0.08 g/t was detected from 65 to 70 feet, 190 to 200 feet and 225 to 230 feet. Although these values are anomalous they are far below what would be considered ore grade mineralization.

At this time no further work on the Belleville project is planned given the unstable nature of the alluvium. Additional drilling methods will be studied before considering further testing.

The technical information in this release has been reviewed and approved by Mr. Richard Kern, BSc., M.Sc., P. Geo.; a 'qualified person', as defined by NI 43-101, Standards for Disclosure of Mineral Projects unless otherwise noted.

About TAC Gold Corp. (www.tacgold.com)

TAC Gold Corp. is a mineral exploration and development company focused on gold projects in the historic gold producing state of Nevada. TAC currently holds the option to acquire interests in 3 properties: Goldfields West, Iowa Canyon and Bellville. All properties are located in Nevada within close proximity of proven gold and other precious metals mineralization. TAC is in the process of adding value to the properties through strategic partnerships and drilling. TAC Gold Corp. is listed on the Canadian National Stock Exchange (CNSX) under the symbol (TCG).

This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change, except as required by law.

Contact Information

  • TAC Gold Corp.
    Greg Thomas
    CEO/President
    604.730.0234

    TAC Gold Corp.
    Drew N Brass
    Investor Relations
    604.730.0234
    www.tacgold.com