Taku Gold Corp.

Taku Gold Corp.

December 07, 2010 10:15 ET

Taku Samples up to 455.76 Grams Per Tonne Gold in Trenches at Portland Property, Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 7, 2010) - Taku Gold Corp. (the "Company") (TSX VENTURE:TAK) is pleased to announce results from a mechanical trenching program completed on the 75-claim (1553ha) Portland property in late October 2010. The property is located at the headwaters Portland and Gold Run creeks approximately 45km southeast of Dawson City in the Klondike area of Yukon. Both creeks have produced placer gold historically and placer mining is still underway on Gold Run. The trenching was completed at the historical Gold Run showing (Yukon Minefile No. 115O 063). Six trenches were dug at 50m intervals along a strike length of 250m of a poorly exposed sulphide-bearing quartz-breccia vein that makes up the showing. A total of 22 chip samples were systematically collected across the mineralized structure at 1.0m intervals. The best values were obtained in Trench No. 4 where the vein structure averaged 97.23gpt Au (uncut) over 7.0m with a maximum value of 455.76gpt Au. The sampling results are summarized as follows:

Min. gpt
Max. gpt
Wt. Avg. gpt
Au (uncut)
Wt.Avg. gpt
Au (cut)*
Width m
1 0.09 0.11 0.10 0.10 2.0
2 0.30 2.21 1.26 1.26 2.0
3 0.64 34.76 7.42 5.93 6.0
4 0.21 455.76 97.23 27.26 7.0
5 0.03 3.93 1.65 1.65 3.0
6 0.03 0.05 0.04 0.04 2.0

*Cut to 34.34gpt Au 

"We are obviously very pleased with these results and look forward to more detailed work at Portland next season," comments Zak Dingsdale, President.

All analytical work was completed at Acme Analytical Laboratories Ltd. ("Acme") in Vancouver, British Columbia. Acme is accredited under ISO 9001. Rock samples were prepared by crushing 1kg to 80% passing -10 mesh and then pulverizing a 250g sub-sample to 85% passing -200 mesh. Rocks were analyzed for gold by 30g fire assay, ICP-ES finish. Over limit (>10gpt Au) samples were re-assayed by 30g fire assay, gravimetric 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 reviewing the technical content of this release.

Follow Taku Gold On:

Facebook (http://www.facebook.com/pages/Taku-Gold-Corp/107297642654396)

Twitter (http://twitter.com/takugoldcorp)

YouTube Channel (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