Taku Gold Corp.

Taku Gold Corp.

August 26, 2011 08:00 ET

Taku Commences Drilling at Portland Property in Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 26, 2011) - Taku Gold Corp. (the "Company") (TSX VENTURE:TAK) is pleased to announce that the deep auger-type soil sampling stage of the 2011 exploration program is now complete. In total 24,604 samples were collected on the Aussie-Melba, Bishop, Burnham, Dan, Sulphur, Montana, Rosebute and Wounded Moose properties. Of these, 17,401 were collected at 50m sample intervals along ridge and spurs. This preliminary sampling identified a number of prospective locations for gold mineralization on the Bishop, Sulphur, Montana and Wounded Moose properties as described in previous news releases. Follow-up grid sampling at 50m sample stations on grid lines spaced 100m apart has now been completed on the prospective areas of these properties. Grid sampling was also completed on the Rosebute property over a prospective area identified in 2010 as described in previous news releases. A total of 7,203 samples were collected on grid lines. Complete results are pending for the gridded areas.

Taku has now moved into the second stage of the 2011 exploration program with diamond drilling underway at the Portland property. The goal of the drill program is to test the continuity of a gold-bearing structure first identified historically as the Gold Run showing. Trenching in 2010 traced the structure over a strike length of 250m on surface. Systematic chip sampling in the trenches returned gold values across the structure up to 97.23gpt Au (uncut) over 7.0m with a maximum value of 455.76gpt Au (Taku Press Release – December 7, 2010).

The results quoted above are based on analytical work completed at Acme Analytical Laboratories Ltd. ("Acme") in Vancouver, British Columbia. Acme is accredited under ISO 9001. Rock samples were prepared by crushing 1kg to 80% passing -10 mesh and then pulverizing a 250g sub-sample to 85% passing -200 mesh. Rocks were analyzed for gold by 30g fire assay, ICP-ES finish. Over limit (>10gpt Au) samples were re-assayed by 30g fire assay, gravimetric finish. Mark Fekete, P.Geo is the designated "qualified person" as defined in Section 1.2 in and for the purposes of National Instrument 43-101 responsible for reviewing the technical content of this release.

"I am pleased to report that Taku has accomplished all of the milestones it set at the beginning of the exploration season. This is due to the hard work and determination of Taku's exploration team and I thank them for their contribution. The commencement of the drill program at Portland begins a new phase in the development of our Yukon assets. We look forward to continued success," comments Zak Dingsdale, President.

On Behalf of the Board,

Zachery Dingsdale, President and CEO

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Statements in this release that are forward-looking are subject to various risks and uncertainties as identified above and in the Company's periodic filings with the British Columbia Securities Commission and the U.S. Securities Exchange Commission. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not intend to update this information and disclaims any legal liability to the contrary.

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

  • Taku Gold Corp.
    Zachery Dingsdale
    President and CEO
    604.642.0115 or Toll Free: 866.345.0115
    604.642.0116 (FAX)