(TSX.V: TLG)
RICHMOND, BC, Aug. 24 /CNW Telbec/ - Tagish Lake Gold Corp. (TSX.V - TLG)
is pleased to report on the assay results received for holes SC06-54 to
SC06-56. 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) (degrees) (degrees)
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SC06-54 6670978 477207 83.5 150 degrees +35 degrees
SC06-55 6670982 477206 135.4 330 degrees 0 degrees
SC06-56 6670998 477241 69.8 150 degrees +35 degrees
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Drill hole SC06-54 was collared at the same location as Hole SC06-53 (See
News Release of August 11, 2006) to intercept the Rainbow Two zone above this
hole.
Holes SC06-55, drilled to the north (i.e. in the opposite direction of the
other drilling) to test the area indicated a geologic pattern similar to the
south. There could be excellent opportunity for mineralized zones, and
additional exploration to the north is warranted.
Holes SC06-56 was drilled on a section located some 40 metres east of
Holes SC06-52 to SC06-54.
The significant intercepts are:
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HOLE FROM TO LENGTH TRUE Au Ag COMMENTS
WIDTH
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(m) (m) (m) (m) (g/t) (g/t)
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SC06-54 1.35 1.78 0.43 0.35 5.94 31.9 Rainbow Two
SC06-55 35.50 37.79 2.29 2.29 0.24 17.9
SC06-56 19.51 22.90 3.39 2.60 4.57 31.1 Rainbow Two
Incl 21.57 22.90 1.23 0.94 7.05 60.8
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Robert Rodger, President of Tagish Lake Gold Corp. said, "Holes SC06-54
and SC06-56 confirm that the Rainbow Two zone extends to the end of the
current underground workings, and these results provide the justification to
drive these workings further into the mountain at a future date to open up new
areas at Skukum Creek. Drilling continues to define the Rainbow Two zone,
discovered in 2003."
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.
