(TSX.V: TLG)
RICHMOND, BC, Aug. 11 /CNW Telbec/ - Tagish Lake Gold Corp. (TSX.V - TLG)
is pleased to report on the assay results received for holes SC06-50 to
SC06-53. These holes are part of the program to outline the Rainbow Two Zone,
and to test the Ridge, Zone 2 and Kuhn mineralized zones.
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HOLE NORTHING EASTING DEPTH AZIMUTH DIP
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(No.) (m) (m) (m) (o) (o)
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SC06-50 6671051 477333 139.6 150o +35o
SC06-51 6671051 477333 89.0 150o -25o
SC06-52 6670978 477207 145.7 150o 0o
SC06-53 6670978 477207 80.0 150o -35o
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Drill holes SC06-50 and 51 were collared at the same location as Hole
SC06-48 (See News Release of July 21, 2006) to intercept the Rainbow Two zone
above and below this hole.
Holes SC06-52 and 53 were drilled on a section located some 145 metres
west of Holes SC06-48 to SC06-51.
The significant intercepts are:
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TRUE
HOLE FROM TO LENGTH WIDTH Au Ag COMMENTS
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(m) (m) (m) (m) (g/t) (g/t)
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SC06-50 33.40 34.55 1.15 1.00 77.50 487.0 Rainbow Two
SC06-51 30.49 32.36 1.87 1.25 7.23 109.6 Rainbow Two
Incl 30.49 30.94 0.45 0.31 19.70 296.0
SC06-52 0.00 0.20 0.20 0.20 32.40 288.0 Rainbow Two
SC06-53 12.13 12.64 0.51 0.42 1.53 67.7 Rainbow Two
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>>
Robert Rodger, President of Tagish Lake Gold Corp. said, "Holes SC06-50
and SC06-51 confirm that the Rainbow Two zone extends vertically, while Holes
SC06-52 and SC06-53 indicate that the zone continues another 145 metres
laterally to the west. Additional drilling will be necessary to define the
Rainbow Two zone."
The 2006 drilling program is under the supervision of Christopher Naas,
P.Geo, of CME Managing Consultants Inc., a qualified person under NI 43-101.
The core is sawed in half, with one half stored for future reference. Sampling
and assaying procedures are subject to a rigorous QA/QC program, which
includes insertion of standards and blanks for each batch of samples. All
samples were shipped in sealed packages to Eco-Tech Laboratories in Kamloops,
BC for preparation and analyses. Samples which returned values greater than
900 ppb Gold (Au) by ICP were fire assayed for gold.
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 km2 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.
