(TSX-V: TLG)
RICHMOND, BC, Oct. 25 /CNW Telbec/ - Tagish Lake Gold Corp. (TSX-V: TLG)
is pleased to report on the assay results received for holes SC06-73 to
SC06-78. These holes are part of the 6,500 metre program to outline the
Rainbow Two Zone, and to test the Berg and Kuhn mineralized zones.
<<
-------------------------------------------------------------------------
-------------------------------------------------------------------------
HOLE NORTHING EASTING DEPTH AZIMUTH DIP
-------------------------------------------------------------------------
(No.) (m) (m) (m) (degrees) (degrees)
-------------------------------------------------------------------------
-------------------------------------------------------------------------
SC06-73 6671008 477258 123.1 150 degrees +50 degrees
SC06-74 6671026 477291 71.0 150 degrees 0 degrees
SC06-75 6671026 477291 84.7 150 degrees -25 degrees
SC06-76 6671026 477291 95.7 150 degrees -55 degrees
SC06-77 6671026 477291 106.4 150 degrees +35 degrees
SC06-78 6671026 477291 175.6 150 degrees +60 degrees
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Holes SC06-73 was drilled on a section located forty (40) metres east of
the section with holes SC06-62 to SC06-67 previously reported (See News
Release of September 27, 2006).
Holes SC06-74 to SC06-78 were drilled on a section located forty (40)
metres east of the section with Hole SC06-73, and were drilled with an
approximate 20 metre vertical spacing between the intercepts in the holes.
Results have not yet been received for Holes SC06-68 to SC06-72, drilled
on the same section as Hole SC06-73.
The significant intercepts are:
-------------------------------------------------------------------------
-------------------------------------------------------------------------
HOLE FROM TO LENGTH TRUE Au Ag COMMENTS
WIDTH
-------------------------------------------------------------------------
(m) (m) (m) (m) (g/t) (g/t)
-------------------------------------------------------------------------
-------------------------------------------------------------------------
SC06-73 31.70 34.20 2.50 1.75 18.58 244.9 Rainbow Two
Incl. 32.55 33.55 1.00 0.70 36.80 424.0
And 103.33 104.78 1.45 1.17 3.54 120.0 Kuhn
SC06-74 21.94 24.08 2.14 2.14 7.60 75.7 Rainbow Two
Incl 22.19 22.63 0.44 0.44 31.60 52.4
And 39.31 39.69 0.38 0.38 0.24 489.0 New
And 65.50 66.50 1.00 1.00 2.60 79.2 New
SC06-75 24.30 25.10 0.80 0.75 51.30 437.0 Rainbow Two
And 54.19 54.56 0.37 0.35 24.40 183.0 Berg
SC06-76 33.75 34.75 1.00 0.55 1.44 424.0 Rainbow Two
And 65.08 65.40 0.32 0.18 2.62 82.7 Berg
SC06-77 27.60 29.56 1.96 1.80 1.00 374.3 Rainbow Two
Incl 28.75 29.26 0.51 0.44 1.71 910.0
SC06-78 43.33 46.91 3.61 1.50 10.95 59.1 Rainbow Two
Incl 44.64 45.75 1.11 0.47 33.30 145.0
And 101.34 101.64 0.30 0.13 8.15 568.0 Berg
And 139.72 139.99 0.27 0.15 4.58 82.9 Kuhn
And 163.94 164.20 0.26 0.14 5.04 53.1 Kuhn
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Robert Rodger, President of Tagish Lake Gold Corp. stated "The Rainbow Two
zone continues to be extended, with high grade intersections. It is
encouraging to see that the values have been encountered in the Kuhn zone
where the zone has been intersected."
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.
