Takara Resources Inc.
TSX VENTURE : TKK

Takara Resources Inc.

March 14, 2011 09:25 ET

Takara Resources Commissions Environmental Baseline Study on the Tassawini Gold Project, Guyana

TORONTO, ONTARIO--(Marketwire - March 14, 2011) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Takara Resources Inc. "Takara") (TSX VENTURE:TKK) is pleased to announce that its wholly owned subsidiary, StrataGold Guyana Inc., has engaged Ground Structures Engineering Consultants Inc. (Charles Ceres), a local Guyanese engineering and environmental consulting company, to complete environmental baseline studies and an Environmental and Social Impact Assessment Report on Takara's 100% held Tassawini Gold Project in northwestern Guyana. The Environmental and Social Impact Assessment Report will be instrumental in moving the Tassawini Gold Project through pre-feasibility and/or feasibility with a view to production. More particularly, the studies are intended to assess the environmental impacts of the construction and operation of the proposed mine site and related facilities, as well as an examination of human health and environmental risks.

Jennifer Boyle, President and CEO of Takara commented: "We are undertaking this study in order to advance the Tassawini Gold Project into the development stage. At the same time, we believe that Tassawini has the geological potential for increased ounces, which will be evaluated simultaneously with preliminary engineering/environmental activities, all of which are expected to be carried out during 2011."

The first component of the environmental baselines studies has been initiated, and covers the period from March 2011 to September 2011. It is expected to examine the health of the ecosystem by studying ground and surface water quality, sediment quality, fisheries, terrestrial resources and soil quality. Completion of these studies and the development of the environmental baseline, along with ongoing community consultation and socio-economic studies, are key requirements for future permitting leading to advanced exploration status with the Guyana Geology and Mining Commission.

Dr. Tania Ilieva, P. Geo. is the Vice President Exploration for Takara Resources and is Takara's Qualified Person for the company's Guyana gold projects, and is responsible for the verification and quality assurance of analytical results, and technical content of Takara's disclosures.

ABOUT TAKARA

Takara is a Canadian based company focused on the exploration and development of its Guyana gold assets held within a wholly-owned subsidiary, StrataGold Guyana Inc., including two gold projects within the Guyana Shield, namely: (i) the 100% owned Tassawini Gold Project; and (ii) a 29.90% interest in the Arakaka Joint Venture.

All transactions contemplated herein are subject to securities regulatory approvals. The securities of Takara Resources Inc. have not been registered under the United States Securities Act of 1933, as amended, or the securities laws of any U.S. State, and may not be offered or sold in the United States or to any "US Person" (as defined in Regulation S under the Securities Act of 1933) absent registration or an exemption from registration.

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)