Taku Gold Corp.

Taku Gold Corp.

December 21, 2010 19:13 ET

Taku Makes Correction of Its News Release Issued Earlier Today

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 21, 2010) - Taku Gold Corp. (the "Taku") (TSX VENTURE:TAK) wishes to make a correction in its news released issued earlier today. Reference to "24ppm Au" should have read "24ppb Au". The following is the corrected news release, in full: 

Taku identifies prospective gold-in-soil geochemical/magnetic anomaly on Quartz property, Yukon

Taku is pleased to announce results from a 901-sample, deep auger-type, soil geochemical survey and 340 line km airborne geophysical survey completed over the 146-claim (3022ha) Quartz property in mid-September 2010. The property is located west of Quartz Creek at the headwaters of Calder Creek approximately 30km southeast of Dawson City in the Klondike area of Yukon. Both creeks have produced placer gold historically and placer mining is still underway on Quartz Creek. The goal of the sampling was to identify areas of anomalous gold-in-soil that may be related to gold-bearing structures similar to Kinross's White Gold deposit located approximately 70km due south.

The soil sampling was done at 50m intervals on lines spaced approximately 450m apart and is therefore very preliminary. However a cluster of seven anomalous gold-in-soil values was identified in the northwest corner of the property with a maximum value of 24ppb Au. This cluster occurs at the south margin of a very strong magnetic high identified by the airborne geophysical survey.

"The coincidence of anomalous of gold-in-soil values with a strong magnetic feature suggests that this area of the Quartz property is prospective for gold. Detailed soil sampling and prospecting needs to be done next season to determine what is going on in this area," comments Zak Dingsdale, President.

The multi-sensor geophysical survey airborne geophysical survey was 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 Breakaway Exploration Management Inc. of Whitehorse, 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

About Taku Gold Corp.

Taku Gold Corp. (http://www.takugold.com) is a mineral resource company focused on the exploration and development of precious metal properties in Canada with a particular emphasis on the White Gold District of the Yukon Territory and the Tagish Lake region of Northern British Columbia.

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