Taku Gold Corp.
TSX VENTURE : TAK

Taku Gold Corp.

August 28, 2012 09:00 ET

Taku Outlines Large Gold-in-Soil Anomaly at Rosebute in White Gold Area of Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 28, 2012) - Taku Gold Corp. (the "Company") (TSX VENTURE:TAK) is pleased to announce that it has outlined a large gold-in-soil anomaly in the western part of the 544-claim (11,260-hectare) Rosebute property located approximately 55 kilometres due south of Dawson City, Yukon. A map of the anomaly can be viewed at http://bit.ly/NxdOcp. The property was acquired in March 2010 from well-known Yukon prospector Shawn Ryan and was recently drilled by the Company at the Norwest zone (Taku Press Release August 21, 2012).

Reconnaissance ridge and spur soil samples taken by the Company in 2011 identified a small cluster of anomalous gold results with maximum values up to 0.5 grams per tonne (gpt Au) approximately 2.4 kilometres southwest of the Norwest zone (Taku Press Release - February 6, 2012). In June 2012, a total of 1,356 follow up grid samples were collected over this cluster at 50m sample stations on lines spaced 50m apart. A very strong gold-in-soil zone trending northwest over a length of at least 1000m was identified by the grid sampling. The "Hudbay" zone varies from 150 to 350m wide and shows a maximum value of 0.9 gpt Au. The southern end of the zone is especially strong with almost every sample showing strongly anomalous gold values greater than 60 parts per billion (ppb Au) within an area 500m long by 350m wide.

The detailed grid sampling also identified a second anomalous gold-in-soil zone approximately 750m southeast of the Hudbay zone. This second zone trends northwest over a length of 650m, varies from 50 to 250m wide and shows maximum gold values up to 96ppb Au. Although this second zone has much smaller dimensions and lower gold values than Hudbay, it is nonetheless interesting.

The Company has mobilized a helicopter portable Can-Dig excavator to Rosebute to dig a series of trenches across the Hudbay zone. "The Hudbay zone dwarfs the Norwest zone where Taku just reported a significant gold-bearing drill intersection. We are very excited about the size and grade of Hudbay relative to anything we have seen in the White Gold area so far." comments Zak Dingsdale, President and CEO of the Company. An interview regarding these results can be viewed at http://bit.ly/NxILgL.

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. 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 that reviewed and approved the technical content of this release.

On Behalf of the Board,

Taku Gold Corp.

Zachery Dingsdale, CEO and President

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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)
    info@takugold.com