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Taku Gold Trenches 17.5 m of 1.9 g/t Gold; Identifies New Controls to Mineralization at the Rosebute Project in the White Gold District, Yukon
VANCOUVER, British Columbia, Feb. 25, 2020 (GLOBE NEWSWIRE) -- Taku Gold Corp. (CSE: TAK; OTC: TAKUF) (“Taku” or the “Company”) is pleased to announce positive
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[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 25, 2020 (GLOBE NEWSWIRE) -- Taku Gold Corp. (CSE: TAK; OTC: TAKUF) (“Taku” or the “Company”) is pleased to announce positive results from a trenching program completed at its Rosebute Project, located 4 km north, and along trend, of White Gold Corp’s recent Titan discovery in the White Gold district, Yukon (See Figure 1). Highlights of the program include trench 2019-11 (“T19-11”) that intersected two separate parallel gold zones highlighted by 17.5m of 1.9 g/t gold, including a higher grade interval of 2.4m of 5.2 g/t gold from westerly trending veins and stockwork zones (See Figures 2 and 3). Importantly, T19-11 confirmed that significant gold mineralization at the Hudbay zone is predominately hosted by west-southwest rather than north-south structures as previously interpreted. This new understanding has contributed to several follow-up targets to expand the 17.5m wide gold zone identified in T19-11 along strike in both directions and to test the larger Hudbay zone, one of the most significant soil anomalies within the emerging White Gold District. Jordan Butler, Chief Executive Officer, commented, “The extent and intensity of mineralization at Rosebute demonstrates the presence of a large, underexplored gold-bearing system within the emerging White Gold district. The gold zone and newly confirmed interpretation, combined with recent discoveries adjacent to the property, considerably enhances the potential for new gold discoveries and provides exciting exploration opportunities for 2020.” Rosebute Trenching Program – Hudbay Zone The Rosebute Project is located 4 km north, and along trend, of White Gold Corp.’s recent Titan discovery, where they intersected 72.8 g/t gold over 6.1m late in the 2019 field season starting at a depth of only 10.7m. The Hudbay zone, along with the Bute skarn occurrence on the Rosebute property, have several geologic and geophysical similarities to the Titan zone including proximity to a mid-Cretaceous stock, presence of marble, evidence of an ultramafic body and presence of prominent circular magnetic high features. The program consisted of two trenches totaling nearly 300m at the Hudbay zone, one of three large gold-in-soil anomalies at the Rosebute Project. In addition to the Hudbay zone, the property hosts the Norwest and Furtrade z...