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Taku Gold Joint Venture Partner, Independence Gold, Intersects Gold Mineralization at Rosebute Property, Yukon
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 27, 2016) - Taku Gold Corp. (CSE:TAK) ("Taku" or the "Company") is pleased to announce that its joint venture p
About this update from Urano Energy Corp
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 27, 2016) - Taku Gold Corp. (CSE:TAK) (\"Taku\" or the \"Company\") is pleased to announce that its joint venture partner, Independence Gold, has intersected multiple broad zones of gold mineralization at the Hudbay Zone on the Rosebute property under option from Taku Gold Corporation. Intercepts include 0.50 grams per tonne (\"g/t\") gold (\"Au\") over 36.6 metres (\"m\"), 0.31 g/t Au over 38.1 m and 0.15 g/t Au over 91.4 m. The Rosebute property contains two significant gold geochemical anomalies, the Norwest Zone and Hudbay Zones. The 2016 drill program used a Rotary Air Blast (\"RAB\") drill to complete 12 holes (923.5 m) at the Hudbay Zone. Drill results from this initial evaluation of the Hudbay Zone are presented in the table below. Drill hole From (m) To (m) Length (m)* Au (g/t) RO16-06 3.1 16.8 13.7 0.29 RO16-06 22.9 32.0 9.1 0.22 RO16-08 0.0 12.2 12.2 0.32 RO16-09 9.1 100.6 91.4 0.15 Including 53.3 56.4 3.1 1.67 RO16-10 6.1 100.6 94.5 0.12 RO16-10 62.5 71.6 9.2 0.29 RO16-15 12.2 48.8 36.6 0.50 Including 25.9 27.4 1.5 1.68 And 45.7 47.2 1.5 2.50 RO16-16 10.7 48.8 38.1 0.31 Including 39.6 41.2 1.5 1.26 *True thickness estimated to be 70-90% of drill intercepts The Hudbay Zone is identified by a 1.3 km long gold-silver-tungsten-molybdenum (Au-Ag-W-Mo) soil- geochemical anomaly that is open to the north and west. Hudbay was previously tested by mechanical trenching which yielded results of 1.5 g/t Au over 20 m, 6.2 g/t Au over 5 m and 0.35 g/t Au over 81 m as noted in Taku's news release on September 12, 2012. Drill holes RO16-15 and RO16-16, located in the northern portion of the Hudbay anomaly returned the most encouraging results. RO16-15 intersected 0.50 g/t Au over 36.6 m, including 2.50 g/t Au over 1.5 m. RO16-16 intersected 0.31 g/t Au over 38.1 m, including 1.26 g/t Au over 1.5 m. Both intercepts are hosted within a quartz biotite schist and are spatially associated with increased concentrations of massive quartz veins. Sulphides are rare and typically absent within the mineralized zones. These two drill holes occur on the northeast margin of a structurally bounded, magnetic anomaly that measures 450 m x 450 m. Coincident with this geophysical target is the Au-Ag-W-Mo soil anomaly that is open to the west in an area that has not been geochemically sampled or geo...