Taku Gold Corp.

Taku Gold Corp.

August 21, 2012 08:30 ET

Taku Drills 0.95gpt Gold Over 23.4m at Rosebute in White Gold Area of Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 21, 2012) - Taku Gold Corp. (the "Company") (TSX VENTURE:TAK) is pleased to release results from a four hole, 963 metre core drilling program recently completed on the 544-claim (11,260-hectare) Rosebute property located approximately 55 kilometres due south of Dawson City, Yukon. The property was acquired in March 2010 from well-known Yukon prospector Shawn Ryan. The drilling was done to test a number of strong gold-in-soil trends obtained in 2011 from an area in the northwestern part of the property identified as the "Norwest" zone (Taku Press Release - February 6, 2012). Three of the four holes returned notable gold intersections.

The first hole intersected 0.95 grams per tonne gold (gpt Au) over 23.4 metres (m) from 22.6m in an area where soil geochemical sampling returned up to 1.3gpt Au within an anomalous trend at least 500m long. The second hole intersected 1.58gpt Au over 1.0m from 19.0m in an area where a strong arsenic-in-soil anomaly was identified in 2011. The fourth hole intersected 0.88gpt Au over 3.0m from 66.0m where soil geochemical sampling returned up to 0.3gpt Au within an anomalous area at least 450m long. The third hole, drilled to test 900m long gold -in-soil trend with values up to 0.2gpt Au, did not intersect any notable gold-bearing intervals.

The following table summarizes all the gold-bearing intervals encountered by the drilling:

Hole UTM mE* UTM mN* Azimuth Dip Depth m From m Length m Wt. Avg. gpt Au
RO12-01 570282 7043134 130° -50° 243.0 23.4 22.6 0.952
RO12-02 570267 7044463 150° -50° 231.0 19 1 1.576
RO12-03 570909 7044086 215° -50° 231.0 - - -
RO12-04 569493 7043960 305° -50° 258.0 66 3 0.884

* UTM Zone WGS Zone 7N

All analytical results referred to in this release were determined by Acme Analytical Laboratories Ltd. in Vancouver, B.C. Acme is accredited under ISO 9001. Drill core samples were prepared by crushing one kilogram to 80% passing -10 mesh and then pulverizing a 250g subsample to 85% passing -200 mesh. Each subsample was analyzed for gold by 30g fire assay, ICP-ES finish. Taku follows an independently designed and monitored quality assurance/quality control program involving the insertion of standards, blanks and duplicates into the sampling stream.

Mark Fekete, PGeo., a director of Taku, is the designated qualified person as defined in Section 1.1 in and for the purposes of National Instrument 43-101 that reviewed and approved the technical content of this release.

On Behalf of the Board,

Taku Gold Corp.

Zachery Dingsdale, CEO and President

Follow Taku Gold On:

Facebook: http://www.facebook.com/takugold
Twitter: http://twitter.com/takugoldcorp
YouTube: http://www.youtube.com/user/TakuGold
Flickr: http://www.flickr.com/photos/takugold/

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
    CEO and President
    604.642.0115 or Toll Free: 866.345.0115
    604.642.0116 (FAX)