Taku Gold Corp.

Taku Gold Corp.

May 31, 2012 09:00 ET

Taku Gold Corp.: Exploration Commences on Sulphur Project in Klondike Area of Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 31, 2012) - Taku Gold Corp. (the "Company") (TSX VENTURE:TAK) is pleased to announce that exploration has commenced on the 536-claim (11,344 hectare) Sulphur project located in the Klondike Gold district of Yukon approximately 45 kilometres southeast of Dawson City. Exploration will include drilling and surface exploration work. The Sulphur property is held 100% by Taku Gold Corp. It straddles Sulphur Creek where there are currently at least four active placer mining operations. The 2012 exploration project will be operated from Taku's Dominion Camp located approximately 10km from the property by truck. The Sulphur Creek road provides good access to the property.

The property was acquired in 2010 and also in that year an airborne geophysical survey was completed over the entire property. In 2011, reconnaissance ridge and spur soil sampling identified seven geochemically anomalous zones that were subsequently grid sampled at 50m sample intervals on lines spaced 100m apart. This sampling identified five of the seven areas as prospective for gold mineralization. Further detailed soil sampling was done over these five areas to provide coverage at 50m sample intervals on lines spaced 500m apart. In total, 6,408 samples were collected in 2011 including reconnaissance and grid samples. The five prospective gold-in-soil zones are summarized in the following table.

Zone UTM mE* UTM mN* Max
Trend Metal
Lions 611,200 7,065,700 239 1,000 NW linear As, Ag very strong 1,2
Esks 611,300 7,060,300 123 500 NW linear As, Ag weak
Riders 601,100 7,068,800 576 1,400 E oval Cu. Zn offset N 3,4
Blues 605,000 7,069,000 206 900 NW linear As, Ag weak 5
Stamps 606,000 7,064,000 234 Cluster None As, Ag, Sb broad
*WGS 84 Zone 7N

Mechanical trenching was done at three of the five zones. The trenching did not reach solid bedrock due to a thick layer of overburden and deeply weathered bedrock. The source rock of the gold geochemical anomalies is still uncertain. Although quartz float is prevalent in the areas, no quartz veins have been identified in place. Moreover, very few of the float quartz samples collected in 2011 returned anomalous gold results. Soil samples were collected from the walls of the trenches at 5.0m intervals in an attempt to identify potential gold-bearing zones.

Most of the drilling in 2012 will focus on the Lions area which is located in the northeast corner of the property. The area shows two linear, roughly parallel, northwest trending anomalies. The first extends almost 1km and is up to 400m wide and is the stronger of the two. The second anomaly lies 400m north of the first and is over 600m long and up to 120m wide. The most striking feature about the Lions area is that the gold trends are coincident with very strong combined arsenic and silver anomalies.

Two trenches were done on the first gold trend. The first trench is approximately 95m in length. Four float rock samples returned negligible gold results. A 20m long section returned strong gold-in-soil values ranging from 132 to 201ppb Au. The second trench lies 200m northeast of the first and is approximately 145m long. One of the two samples of quartz float taken from the trench returned 108ppb. A 50m long section at the west end of the trench returned gold-in-soil values ranging from 114 to 633ppb Au. A 35m long section at the east end of the trench returned gold-in-soil values ranging from 113 to 234ppb Au.

Limited drilling is also planned for the Stamps area which shows an oval-shaped gold-in-soil anomaly approximately 1,400m long with a maximum value of 576ppb Au. Two trenches were dug at the eastern end of this gold trend. In the first 130m long trench, a 25m long section returned values ranging from 104 to 338ppb Au. Six float rock samples taken from this trench returned negligible gold values. In the second 100m long trench, located roughly 300m east of the first, a 25m long section returned four anomalous values ranging from 154 to 386ppb Au out of the six samples taken. Eight float rock samples taken from this trench returned negligible gold results.

Finally, limited drilling is also planned for the Blues area where the soil geochemical sampling defined a northwest-trending, 900m long, linear gold-in-soil anomaly with gold values up to 206ppb. A 45m long trench was done at the far northwestern corner of the anomaly. Six out of the 10 samples collected in the trench returned anomalous values ranging from 70 to 270ppb Au. Five float rock samples were taken from this trench. Two of the samples, consisting of rusty orange gneiss, returned strong values of 511 to 1,015ppb Au. These are the best rock sample results obtained by Taku on the Sulphur project to date.

Investors are invited to visit www.takugold.com to view updated maps for the Sulphur Project.

All analytical results mentioned in this release were determined by Acme Analytical Laboratories Ltd. ("Acme") in Vancouver, British Columbia. Acme is accredited under ISO 9001. Soil samples were prepared by drying and sieving 100g to -80 mesh, and then analyzed for 36 elements (including gold) by 15 gram Aqua Regia digestion, ICP-MS finish. Rock samples were prepared by crushing 1kg to 80% passing -10 mesh and then pulverizing a 250g sub-sample to 85% passing -200 mesh. Each sub-sample was analyzed for gold by 30g fire assay, ICP-ES finish. Taku follows an independently designed and monitored QAQC program considered suitable and effective for the type of sampling conducted.

Mark Fekete, P.Geo, 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