Taku Gold Corp.
TSX VENTURE : TAK

Taku Gold Corp.

December 22, 2010 14:12 ET

Taku Identifies Prospective Gold-In-Soil Geochemical Anomaly on Rosebute Property in Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 22, 2010) - Taku Gold Corp. (the "Taku") (TSX VENTURE:TAK) is pleased to announce results from deep auger-type, soil geochemical surveys and airborne geophysical surveys completed over the 474-claim (9812ha) Rosebute and 451-claim (9336ha) Dan properties in mid-September to late October 2010. The properties are located approximately 55km due south of Dawson City in the White Gold area of Yukon. The goal of the surveys was to identify anomalous gold-in-soil trends that may be related to gold-bearing structures similar to Kinross's White Gold deposit located approximately 40km due south and Kinross's JP Ross project located approximately 5km due east.

On the Rosebute property, 5158 soil samples were collected on two grids based on 50m sample intervals on lines spaced approximately 100m apart, and 1107 line kilometers of airborne geophysical readings were collected. Excellent geochemical results were obtained from the first grid located in the northwestern part of the property and an anomalous area approximately 550ha in size was identified. Within this area there are three distinct, east trending linear anomalies. The first anomaly is well defined over 2200m and shows maximum values up to 201ppb Au. The second anomaly is well defined over 400m long and shows maximum values up to 84ppb Au. The third anomaly is intermittently defined over 1100m and shows maximum values up to 155ppb Au. These three east- trending geochemical features all appear to crosscut the regional geological fabric that, as indicated by the airborne magnetic data, is generally northwesterly. The second grid, covering roughly 1500ha in the central part of the property, returned only a few individual anomalous values.

On the Dan property, 2316 soil samples were collected on one main grid and three smaller grids based on 50m sample intervals on lines spaced approximately 100m apart, and 1091 line kilometers of airborne geophysical readings were collected. The Dan property covers approximately 27km of a prospective, well-defined, linear, thrust fault system that is the possible northern extension of the gold-bearing structure found on Kinross's JP Ross property located 5km southwest. The soil sampling was focused on the northwestern part of the property where the thrust fault system appears to be more complex according to the airborne magnetic data. The soil geochemical results were generally low with two significant results of 115ppb and 212ppbAu. Although these two values occur on the thrust fault as indicated by the airborne magnetic data, no gold-in-soil trends were defined by the soil sampling.

In summary, a strongly anomalous gold zone roughly 550ha in area has been identified in the northwestern part of the Rosebute property with three clearly defined linear gold trends. Soil sampling in the central part of the property returned several spot anomalies but generally is less prospective for gold mineralization. Roughly 60% of the property was not covered by the soil sampling work in 2010 and remains to be tested. The soil sample results from the Dan property did not outline any gold trends. However, 18km of the prospective thrust fault system was not covered by the soil sampling work in 2010 and remains to be tested.

"We are very excited about the size and grade of the gold zone outlined by the soil sample results in the northwestern part of the Rosebute property. This will be one of our main targets next year for detailed soil sampling and trenching with the goal of developing some solid drill targets," comments Zak Dingsdale, President.

The multi-sensor airborne geophysical surveys were completed by Precision Geosurveys Inc. of Vancouver, British Columbia with a helicopter flying grid lines at 100 meter line spacing. A high resolution magnetometer system was used to assist in interpreting bedrock units, structure, and alteration. A radiometric system consisting of a multichannel spectrometer with state-of-the-art design and large gamma ray sensing crystals was used to map lithologies and alteration.

All soil samples were collected by Ground Truth Exploration Inc. of Dawson City, Yukon. All analytical work was completed at 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. 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 the technical content of this release.

On Behalf of the Board, Taku Gold Corp.

Zachery Dingsdale, President and CEO

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
    President and CEO
    604.642.0115 or Toll Free 866.345.0115
    604.642.0116 (FAX)
    tangentnews@telus.net