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Taku Gold Consolidates Portland Project, Adds Midas and Gold Run Properties in Yukon’s White Gold District; Appoints Chief Executive Officer
VANCOUVER, British Columbia, Aug. 06, 2019 (GLOBE NEWSWIRE) -- Taku Gold Corp. (CSE: TAK; OTC: TAKUF) (“Taku” or the “Company”) announces that the Company has f
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[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 06, 2019 (GLOBE NEWSWIRE) -- Taku Gold Corp. (CSE: TAK; OTC: TAKUF) (“Taku” or the “Company”) announces that the Company has further enhanced its project portfolio within the White Gold District with the acquisition of the Gold Run and Midas properties on strike with and extending the recently acquired Portland Gold Project to a total of 13 km along trend (See Taku NR July 8, 2019). Notably, Taku’s Gold Run property is centrally located along approximately 4 km of the Rabbit Fault between Klondike Gold Corp.’s Quartz Creek and Gold Run targets. (1) Other notable gold resources or discoveries within the greater White Gold district include White Gold Corp.’s Saddle and Arc deposits located approximately 75 km to the southwest along with their newly discovered Vertigo project 50 km to the south, Newmont Goldcorp’s Coffee deposit located approximately 100 km to the south and Golden Predator Mining Corp.’s Brewery Creek mine located approximately 35 km to the northeast. Jordan Butler, Chief Executive Officer, stated, “I am delighted to have the opportunity to advance Taku Gold and its compelling portfolio of gold projects. The Company’s property portfolio is among the largest and most prospective of any in the Yukon’s greater White Gold District.” Mr. Butler, continued, “The properties announced today along with the recent acquisition of the Portland property will be the primary focus of our 2019 field program with additional work planned for our Rosebute and Lucky Joe properties further to the south near White Gold’s Vertigo discovery.” Gold Run Property The Gold Run Property covers an area of approximately 895 ha consisting of 44 contiguous quartz claims located 47 km from Dawson and accessible through a network of improved dirt roads. The property covers a 4 km segment of the regional Rabbit thrust fault that is reported to extend at least 55 km with gold mineralization reported along its length. The Company’s consolidated land package, including the Midas and Portland properties, also covers approximately 11 km of strike length along the Gold Run thrust fault, a separate structure, parallel to the Rabbit thrust fault. Approximately 2km of the Gold Run structure cuts through the northern part of the Gold Run property before crossing a few kilometers of Klondike Gold’s grou...