Taku Stakes Additional Claims in White Gold District of Yukon
posted on
Apr 19, 2011 12:10PM
A gold exploration/resource company, leading the way as one of the largest stakeholders in the White Gold District, Yukon.
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 19, 2011) -
Taku Gold Corp. (the "Company") (TSX VENTURE:TAK) is pleased to announce that it has staked an additional 314 claims in the White Gold district of Yukon. All of the new claims were staked adjacent to existing Taku properties in order to cover areas that are deemed prospective for gold mineralization based on airborne geophysical and deep-auger-type soil geochemical surveys completed by Taku in 2010.
Seventy claims were added to the northwest corner of the Rosebute property held under option from Shawn Ryan. In 2010, an anomalous area approximately 550 hectares in size was identified with three distinct, west-trending linear anomalies (Taku Press Release - December 22, 2010). These three west-trending geochemical features all appear to crosscut the regional geological fabric that, as indicated by the airborne magnetic data collected in 2010, is generally northwesterly. The new claims were staked to cover the potential westward extension of these three anomalies. The Rosebute property now includes 544 claims covering approximately 11,260 hectares.
One-hundred ninety-one claims were added to the west side of the Wounded Moose property to bring it to 451 claims covering approximately 9,338 hectares. The new claims were staked to cover the westward extension of several west-trending geophysical features outlined by the airborne magnetic and radiometric survey flown over the property in 2010 (Taku Press Release +/- December 23, 2010).
Fifty-five claims were added to the southeast corner of the Montana property to bring it to 293 claims covering approximately 6,065 hectares. The new claims were staked to cover the extension of a southeast trending magnetic structure that lies parallel to Steele Creek outlined by the airborne magnetic and radiometric survey flown over the property in 2010 (Taku Press Release - December 23, 2010). Cursory prospecting in 2010 indicates that the magnetic signature may be due to a thrust fault marked by abundant quartz veins and breccias along Steele Creek. Placer gold produced on Steele Creek may be related to the thrust fault.
"This staking brings Taku's land position in the Dawson area up to 3023 claims covering approximately 62,600 hectares. All of these claims will be within 35 kilometres and easily accessible from a central, road-accessible camp in 2011," commented Zak Dingsdale, President and CEO. 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 preparation of this release.
On Behalf of the Board, Taku Gold Corp.
Zachery Dingsdale, CEO and President
About Taku Gold Corp.
Taku Gold Corp. 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.
FOR FURTHER INFORMATION PLEASE CONTACT: Zachery Dingsdale
Taku Gold Corp.
CEO and President
604.642.0115 or Toll Free 866.345.0115
604.642.0116 (FAX)
tangentnews@telus.net
http://www.takugold.com/">www.takugold.com