RICHMOND, BC, May 14 /CNW Telbec/ - Tagish Lake Gold Corp. (TSX-V - TLG) is pleased to report that extension of the Ridge Access Drift has demonstrated that the mineralized zone continues to the west past the previous workings. This zone is separated from the Rainbow Two Zone by a narrow rhyolite dyke. So far, the zone has been exposed over a length of 25 metres. The mineralization and other characteristics of this zone are similar to the Rainbow Two zone. Results from sampling of the drift are pending.
Mr. Robert Rodger, President of the Company, stated: "This underground work shows that, as well as the potential for additional mineralization that exists at depth, new mineralized zones are located as work extends laterally into the mountain."
Results from the Mineral Resource estimate being prepared by MineTech.International are expected to be issued soon.
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.