Business
Tagish Increases the Mineral Resource at Skukum Creek by Thirty percent (30%)
Tagish Increases the Mineral Resource at Skukum Creek by Thirty percent (30%).
About this update from Troilus Mining Corp
[{"type":"text","content":"\n\n\n\n(TSX.V: TLG)\n\n\nRICHMOND, BC, May 22 /CNW Telbec/ - Tagish Lake Gold Corp. (TSX.V - TLG)\nWith the increase in silver recoveries to over 75% allowing a lower cut-off\ngrade, and the addition of resources from the Rainbow Two and Berg zones, the\nmeasured and indicated resources at Skukum Creek are now estimated to be\n1,020,000 tonnes at 6.39 g/t gold and 180 g/t silver and the inferred\nresources are 155,000 tonnes at 5.55 g/t gold and 113 g/t silver, both at a\n4 g/t cut-off grade. The Rainbow Two and Berg zones are currently estimated to\ncontain 110,000 tonnes at 8.8 g/t and 108 g/t as indicated resources and\n81,000 tonnes at 8.4g/t gold and 100g/t silver as inferred resources. These\nzones remain open. Additional drilling will be undertaken after the drill\ncross-cuts in the present underground work program are complete.\n\n\nMr. Robert Rodger, President of the Company, stated: "The resource\npresently estimated at Skukum Creek together with the potential to add to this\nresource from additional underground work and diamond drilling on the\nextensions of the known zones provide a sound basis for proceeding to\nproduction.\n\n\nThe resource estimate is being prepared by Douglas Roy, P.Eng, of\nMineTech International Limited, a qualified person under NI 43-101.\n\n\nThe resource estimate for the Rainbow Two and Berg zones being prepared\nby MineTech will be posted on Sedar on receipt and acceptance of the 43-101\ncompliant report.\n\n\nAbout Tagish Lake Gold Corp.\n\n\nTagish Lake Gold Corp. explores for and develops high grade gold-silver\nmineral deposits in the Yukon Territory of Canada. The Company is currently\nfocused on its wholly owned, 178 km2 Skukum Mineral District located 80 km by\nroad south of Whitehorse. The Skukum Mineral District hosts the Skukum Creek\ngold-silver deposit and the Goddell Gully gold deposit, with a currently\ndefined measured plus indicated resource of 1,120,000 tonnes grading 8.0 g/t\nAu and 153.1 g/t Ag (MineTech June 2003, available on Sedar); and the\nMt. Skukum gold deposit.\n\n\nTHE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY\n\n\nOR ACCURACY OF THIS NEWS RELEASE.\n\n\nThis news release includes certain forward looking statements in respect\nto various issues including upcoming events. These forward looking statements\nare based upon current expe...