VANCOUVER, British Columbia, Sept. 12, 2017 (GLOBE NEWSWIRE) -- Taku Gold Corp. (CSE:TAK) (OTCQB:TAKUF) (“Taku”) is pleased to announce the results of a recently completed 538-sample soil geochemical survey on the 198-claim (3,780-hectare) McQ property located 35 kilometres northwest of Mayo, Yukon. The survey consisted of reconnaissance, deep auger-type soil sampling on ridges and spurs to follow up positive results obtained from prior surveys completed by Taku on the property.
The main outcome of the work was to extend the length of a previously identified, anomalous gold-in-soil zone. The 2017 sampling on this zone returned elevated gold values ranging from trace up to 111 ppb Au, and coincident, elevated arsenic values ranging from trace up to 533 ppm As. Prior sampling returned up to 259 ppb Au and 1,682 ppm As. The 2017 sampling has extended the zone to a known length of 1.6 kilometres southwest along a ridge from the original discovery site. http://bit.ly/2xrCJQS
The zone occurs on the south boundary of the McQ property adjacent to Golden Predator Mining Corp.’s Gold Dome property where exploration drilling has intercepted significant gold mineralization at the Tom, Swede, Hawthorne, Harvey, and Aorta Zones (www.goldenpredator.com, consulted September 7, 2017). In addition, the McQ property lies roughly 30 kilometres southwest of Victoria Gold Corp.’s Eagle Gold project which has stated National Instrument 43-101 compliant Probable Mineral Reserves of 91,600,000 tonnes grading 0.78 grams per tonne gold containing 2,300,768 ounces of gold (Victoria Gold Corp. - Technical Report, Eagle Gold Project, Yukon dated May 29, 2015). Based on the positive exploration results obtained, Taku staked 100 additional mineral claims, and intends to complete more detailed exploration work in 2018.
All analytical results mentioned in this release were determined by Bureau Veritas Commodities Ltd. (“BV”) in Vancouver, British Columbia. BV is accredited under ISO 9001. Soil samples were prepared by drying and sieving 100 grams to 80 mesh (BV code SS80), and then analyzed for 36 elements (including gold) by 15 gram Aqua Regia digestion, ICP-MS finish (BV code AQ201).
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 Dawson Range Mineral Belt of Yukon.
On Behalf of the Board,
“Zachery Dingsdale”
Zachery Dingsdale, President and CEO
Taku Gold Corp.
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Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. This release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Company's periodic reports including the annual report or in the filings made by the Company from time to time with securities regulators. The Company undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of an unanticipated event.
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www.takugold.com