(TSX.V: TLG)
RICHMOND, B.C., Jan. 18 /CNW Telbec/ - Carcross/Tagish First Nation (CTFN) and Tagish Lake Gold Corp. (TSX.V - TLG) are extremely pleased to announce that they have concluded a Memorandum of Understanding (MOU) covering the values, principles and shared interests of the CTFN and TLG. These will be incorporated into a Development Agreement to guide the relationship between the CTFN and TLG, as the Company moves to production.
Ka Shade Heni Mark Wedge, Chief of the CTFN said: "The MOU represents the positive outcome of a number of years of working towards a common interest with Industry. Wedge says this MOU lays the foundation for other business to have successful negotiations with Carcross/Tagish First Nation. CTFN supports mining in its traditional territory that adheres to the values, interests and principles of CTFN. We are interested in working with business that are willing to work within our virtues and the values of our people".
Robert Rodger, President of TLG stated: "The Company appreciates and welcomes the CTFN interest and participation in the exploration and development of the Skukum Mineral District. The Company is confident that both the CFTN and the Company will benefit from the cooperation and support envisaged in the Memorandum of Understanding. Both parties can benefit from the development of resources in the CTFN traditional territory when the two work together with mutual respect."
The MOU provides a basis for participation by the CTFN in project activities as well as stewardship of the land. Opportunities for the CTFN are provided for employment, training and service contracts in regard to the activities on the Skukum property.
To mark the occasion, an official signing will take place at a reception in the Pavilion room at the Empire Landmark Hotel in Vancouver between 4:00 PM and 6:00 PM on January 29, 2007, with signing of the MOU scheduled for 4:30PM. The day of January 29, 2007 is, of course, Yukon day at the AMEBC Mineral Exploration Roundup held annually in Vancouver.
About the Carcross/Tagish First Nation
Carcross/Tagish First Nation (CTFN) lies in the heart of the Southern Lakes Region of the Yukon. CTFN is one year into being a Self-Governing First Nation. The Final and Self-Government Agreements signed on October 22, 2005 provides the CTFN with ownership and control over its Settlement Lands and opportunities to participate in planning land use of public lands within its Traditional Territory. The agreement provides certainty by clarifying land and resource ownership, use and management. It provides a foundation for economic and resource development opportunities to promote the Carcross/Tagish people's participation in the Yukon economy and to improve the quality of life for the citizens of the Carcross/Tagish First Nation.
About Tagish Lake Gold Corp.
Tagish Lake Gold Corp. explores for and develops high grade gold-silver mineral deposits in the Yukon Territory of Canada. The Company is currently focused on its wholly owned, 178 km(2) Skukum Mineral District located 80 km by road south of Whitehorse. The Skukum Mineral District hosts the Skukum Creek gold-silver deposit and the Goddell Gully gold deposit, with a currently defined measured plus indicated resource of 1,120,000 tonnes grading 8.0 g/t Au and 153.1 g/t Ag (MineTech June 2003, available on Sedar); and the Mt. Skukum gold deposit.
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS NEWS RELEASE.
This news release includes certain forward looking statements in respect to various issues including upcoming events. These forward looking statements are based upon current expectations which involve risks and uncertainties that could cause actual outcomes and results to differ materially. Mineral exploration is subject to a high degree of risk, which even a combination of experience, knowledge, and careful evaluation may fail to overcome. Exploration activities are also expensive. The Company will therefore require additional financing to carry on its business, and such financing may not be available when it is needed. The Company disclaims any obligation to revise any forward looking statements as a result of information received after the fact or regarding future events.