(TSX.V: TLG)
RICHMOND, BC, Sept. 25 /CNW Telbec/ - Tagish Lake Gold Corp. (TSX-V: TLG)
is pleased to report on the assay results received for holes SC06-57 to
SC06-61. These holes are part of the 5,000 metre 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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SC06-57 6670978 477241 62.2 150 degrees 0 degrees
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SC06-58 6670982 477241 81.7 150 degrees -25 degrees
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SC06-59 6670998 477241 117.0 150 degrees -50 degrees
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SC06-60 6670998 477241 83.8 150 degrees -65 degrees
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SC06-61 6670998 477241 99.4 150 degrees +65 degrees
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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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SC06-57 14.15 15.00 0.85 0.85 2.18 72.2 Rainbow Two
And 28.24 29.67 1.43 1.43 13.60 639.0 Berg
SC06-58 18.35 19.08 0.73 0.69 3.07 64.8 Rainbow Two
And 30.51 38.14 7.63 7.10 4.61 69.9 Berg
Incl 30.51 31.26 0.75 0.56. 23.80 329.0 Berg
Incl 36.61 38.14 1.53 1.14 8.29 84.9 Berg
SC06-59 Zones
Encountered,
but No
Significant
Values
SC06-60 32.90 35.68 2.78 2.25 3.17 53.3 Rainbow Two
Incl 33.73 34.28 0.55 0.45 14.90 248.0 Rainbow Two
42.67 49.02 6.35 5.21 2.67 43.4 Berg
Incl 43.53 44.00 0.47 0.39 21.80 203.0 Berg
SC06-61 41.32 43.89 2.57 0.95 17.21 103.3 Rainbow Two
Incl 41.32 42.37 1.05 0.39 41.80 234.0 Rainbow Two
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>>
Holes SC06-57 to SC06-61 were all drilled on the same section with an
approximate 20 metre vertical spacing between the intercepts in the holes.
The new zone will be named the "Jon Bergvinson" Zone, or the "Berg" zone
for short, in recognition of Mr. Bergvinson's ten years as President of Omni
Resources Inc., one of the predecessor companies to Tagish, and the Company
that initially discovered the high grade Skukum Creek gold-silver deposit. He
is also the person who negotiated on behalf of Omni in the amalgamation to
form Tagish.
Holes SC06-57 to SC06-61 indicate that the Berg zone may join the Rainbow
Two zone below the 1300m level. The zone has many of the same characteristics
as the other zones at Skukum Creek, including high grade gold and silver
values. Clearly, additional drilling will be necessary to determine the
significance of the Berg 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 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.
