Takara Resources Inc.
TSX VENTURE : TKK

Takara Resources Inc.

April 26, 2011 11:17 ET

Takara Commissions Airborne Magnetics and Radiometrics Survey on the Tassawini Gold Project, Guyana

TORONTO, ONTARIO--(Marketwire - April 26, 2011) -

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Takara Resources Inc. (TSX VENTURE:TKK) ("Takara" or the "Company") is pleased to announce that Geotech Limited will commence flying a fixed-wing Magnetic and Radiometric geophysical survey over its Tassawini Gold Project area, located in the north-west region of Guyana, South America. The survey is expected to begin in the next two weeks and is scheduled to be completed over a two to four week period, weather permitting.

Jennifer Boyle, President and CEO of Takara Resources commented: "The results from the airborne geophysics, combined with the structural mapping that is scheduled to take place in June, will give us improved confidence in drill target selection for the upcoming 2011 diamond drilling campaign. Our objective is to identify additional satellite deposits in proximity to the Tassawini deposit in anticipation that new mineralized zones can be incorporated into an in-house scoping report and subsequent independent feasibility study, which is expected to begin before the end of the second quarter of 2011".

The survey is planned at 50 meter spacing on North - South traverse lines, and 500 meter spacing along East - West tie lines (normal to flight-line direction).

Geotech is recognized as a leading geophysical company having significant experience in Guyana, South America. The geophysical team has been conducting airborne surveys for nearly 30 years on a world-wide basis including over rainforest in saprolite and laterite terrain in the Guyana Shield. Resulting data from the airborne magnetics and radiometrics survey is expected to facilitate geologic mapping, particularly structural and alteration patterns related to gold mineralization.

Dr. Tania Ilieva, P. Geo., is the Vice President Exploration for Takara Resources and is the Qualified Person responsible for the technical content of Takara's disclosures.

ABOUT TAKARA

Takara Resources Inc. (TSX VENTURE:TKK) is a Canadian based company focused on the exploration and development of its Tassawini gold deposit in Guyana, South America.

Statement Regarding Forward-Looking Information

This news release of Takara contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Takara's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such 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. Forward-looking statements in this document include statements regarding Takara's expectations regarding ownership, entitlements, drilling and exploration activities on properties in which Takara has, or believes it has an interest. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Takara's expectations. Takara undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Takara Resources Inc.
    Jennifer Boyle, B.A., LL.B.
    President & Chief Executive Officer
    (647) 430-0966 (work) or (416) 904-2714 (cell)