Taku Earns 100% of Rosebute Property in the White Gold Area of Yukon
09 4월 2014 - 10:00PM
Marketwired
Taku Earns 100% of Rosebute Property in the White Gold Area of
Yukon
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 9, 2014) - Taku
Gold Corp. (the "Taku") (TSX-VENTURE:TAK) is pleased to announce
that as of March 30, 2014 it has made all the cash payments,
incurred all the required work expenditures, and issued and
delivered all the shares due to vendor Shawn Ryan ("Ryan") under
the Option Agreement (the "Agreement") executed on March 30, 2010
for the Rosebute Property ("Rosebute") in the White Gold area of
Yukon. Accordingly, Taku is now deemed to have exercised the Option
and to have acquired an undivided 100% right, title and interest in
and to Rosebute. Ryan retains a 2.0% Net Smelter Returns royalty on
mineral production, half of which (i.e., 1.0%) Taku may purchase
for $2,000,000.
The 694-claim
(14,080-hectare) Rosebute property is located approximately 65
kilometres ("km") due south of Dawson City. Taku has completed
extensive exploration on Rosebute including 1,107km of airborne
radiometric and magnetic geophysical surveys, 10,087 deep
auger-type soil geochemical samples, 90 prospecting rock samples,
963 metres ("m") of drilling in four holes, 1,341m of trenching in
nine trenches, 7,885m of induced polarization and resistivity
geophysical surveys on 19 lines, 680m of Geoprobe® bedrock
geochemical sampling.
To date, three
target areas have been identified. The "Nor'West" zone consists of
a cluster of three gold-in-soil anomalies within a circular feature
covering roughly 450 hectares in the northern part of the Rosebute
Property. The first anomaly is located in the northern part of the
area. It is well defined over an east trending length of 900m and
shows maximum values up to 212 parts per billion gold ("ppb Au") or
0.2 grams per tonne gold ("gpt Au"). The second anomaly is located
in the southern part of the area. It is well defined over an east
trending length of 500m and shows maximum values up to 1,334ppb Au
or 1.3gpt Au. The third anomaly is located in the eastern part of
the gridded area. It is well defined over an east trending length
of 450m and shows maximum values up to 254ppb Au or 0.3gpt Au. In
July 2012, 963m of drilling was done in four holes to test the
subsurface extent of the three gold-in-soil anomalies that
collectively make up the Nor'West zone. Three of the four holes
returned notable gold intersections. Including 0.95gpt Au over
23.4m from 22.6m in the first hole, 1.58gpt Au over 1.0m from 19.0m
in the second and 0.88gpt Au over 3.0m from 66.0m in the
fourth.
The second or
"HudBay" zone was first identified approximately 2.5km southwest of
the Nor'West zone with two discreet anomalous ridge and spur
samples collected in 2011. Subsequent detailed sampling has
outlined a very strong gold-in-soil zone trending northwest over a
length of at least 1200m that varies from 150 to 350m wide and
shows a maximum value of 0.9 gpt Au in soils. The southern end of
the zone is especially strong with almost every sample showing
strongly anomalous gold-in-soil values greater than 60ppb Au within
an area 500m long by 350m wide. Trenching in 2011 traced the zone
over a 600m horizontal distance highlighted by sampling that
included 6.17gpt Au over 5.0m in one trench and 1.50g/t Au over
20.0m in a second trench.
In 2013, Geoprobe®
bedrock geochemical sampling found highly anomalous results with
maximum values up to 4.3gpt Au. Together the soil geochemical,
trenching and Geoprobe® results clearly define a linear,
north-trending, gold-bearing structure that varies from 10 to 30
metres wide over a horizontal distance o 1,100m. Very strong
correlation is seen between gold and silver, tellurium, mercury
and, to a lesser degree tungsten and arsenic. Moreover,
corresponding resistivity trends recognized by geophysical surveys
completed in 2013 further delineate the extent of the HudBay
zone.
The third or
"Southeast" zone is identified by an anomalous gold-in-soil trend
approximately 750m southeast of the Hudbay zone that varies from 50
to 250m wide over a length of 650m with maximum values up to 96ppb
Au. The induced polarization and resistivity survey completed in
2013 outlines a resistivity trend that corresponds very well to the
gold-in-soil trend. Although the Southeast zone has much smaller
dimensions and lower gold values than the Nor-West or Hudbay zones,
it is nonetheless interesting.
In summary, the
Rosebute property offers one of the best exploration plays in the
White Gold area. To date, no drilling has been completed on the
HudBay or Southeast zones and only limited drilling has been done
on the Nor'West zone. All three target areas are well-defined by
geochemical and/or geophysical trends and are at the drill-ready
stage. Taku is actively seeking a joint venture partner to continue
exploration work on Rosebute.
"Rosebute remains an
excellent gold project despite the down-turn in Yukon's exploration
sector. One way or another we hope to make a significant discovery
on this property with drilling," comments Zak Dingsdale, president
and CEO of Taku.
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. Rock and core samples
were prepared by crushing one kilogram to 80 per cent passing minus
10 mesh and then pulverizing a 250-gram subsample to 85 per cent
passing minus 200 mesh. Each subsample was analyzed for 36 elements
(including gold) by 15 gram Aqua Regia digestion, ICP-MS finish. In
addition, each subsample was analyzed for gold by 30g fire assay,
ICP-ES finish. 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.
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.
On Behalf of the
Board,
Zachery Dingsdale,
CEO and President
Taku Gold Corp.
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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.
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.
Taku Gold Corp.Zachery DingsdaleCEO and President604.642.0115 or
Toll Free 866.345.0115604.642.0116info@takugold.com
Taku Gold Corp. (TSXV:TAK)
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