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Taku to Vend 75% Interest in Rosebute Gold Property to Independence Gold Corp.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 17, 2016) - Taku Gold Corp. (CSE:TAK) ("Taku") is pleased to announce that it has executed a Letter of Intent ("
About this update from Urano Energy Corp
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 17, 2016) - Taku Gold Corp. (CSE:TAK) (\"Taku\") is pleased to announce that it has executed a Letter of Intent (\"LOI\") with Independence Gold Corp. (TSX VENTURE:IGO) (\"Independence\") whereby Independence may acquire up to a 100% interest in the Taku's Rosebute property (the \"Property\") located in the White Gold District of the Yukon. The Rosebute property comprises 694 contiguous claims (14,387 hectares), and contains two significant new gold discoveries known as the Norwest and Hudbay zones. The Property is located approximately 58 kilometres (\"km\") south of Dawson City, Yukon and approximately 29 km north of the Golden Saddle Deposit owned by Kinross Gold Corporation. The Property is contiguous to the west of the Independence's Henderson project, and is situated in close proximity to the Northern Access road proposed by Kaminak Gold Corporation that will provide access to the multi-million ounce Coffee gold deposit. Norwest Zone The Norwest Zone is located on the northern portion of the Property and is defined by three individual gold- in-soil anomalies that together form a circular anomaly with a diameter of approximately 2 km. In detail, the three anomalies, individually, have varying trends and range from 380 metres (\"m\") to 1.0 km in length. Diamond drilling in 2012 tested these anomalies with four drill holes totalling 963 m. Key intercepts include 1.0 gram per tonne (\"g/t\") gold over 22.6 m in RO12-01, including a higher grade interval of 3.8 g/t gold over 2.0 m; 1.6 g/t gold over 1.0 m in RO12-02, and 0.9 g/t gold over 3.0 m in RO12-04 (Taku news release August 22, 2012). Hudbay Zone The Hudbay Zone is located 3.0 km southwest of the Norwest Zone and consists of at least three, north trending gold-in-soil anomalies which each measure 1.0 km to 1.6 km in length and vary from 150 m to 350 m in width with gold-in-soil values up to 0.95 g/t gold. All three north-trending soil anomalies are open along strike. The southern end of the Hudbay Zone is especially robust, hosting an area approximately 500 m by 350 m with soil sample values typically greater than 60 parts per billion (\"ppb\"). This area was mechanically trenched and shown to host a 300 m long north-northeast trending zone which includes 6.2 g/t gold over 5.0 m (Trench 2), 1.2 g/t gold over 10.0 m (Trench...