(TSX.V: TLG)
RICHMOND, BC, June 29 /CNW Telbec/ - Tagish Lake Gold Corp. (TSX.V - TLG) is pleased to announce that the Company has awarded the contract for the Definitive Feasibility Report to GENIVAR. The report will integrate the mineral resource estimate, mineral process testing, tailings disposal design and other studies into a comprehensive report on the project and its viability, based on mining of the high grade gold-silver Skukum Creek mineral deposit. The data from the Rainbow Two and the newly discovered Berg zones will be incorporated in the report. The Definitive Feasibility report, expected to be complete by November 2007, will provide the technical and financial information that is a prerequisite for production permits, and debt financing for construction.
About GENIVAR
GENIVAR is a Canadian leader in engineering, delivering global solutions based on a global approach to projects. With employees in 40 offices in Canada, Africa and Caribbean, GENIVAR provides services in more than 30 countries through GENIVAR Income Fund.
For GENIVAR Income Fund (TSX: GNV.UN), the association with Tagish Lake Gold Corp., as the owner's engineer for the Skukum Creek Project Definitive Feasibility Study, represents a great opportunity to provide high quality integrated services related to mining in the Yukon. Our Vancouver office (formerly Cochrane Design Group) will lead the project in collaboration with our mining, mineral process and cost evaluation specialists, based in our Val d'Or office in Quebec. The technical skills and the financial strength of both companies will surely contribute to the success of this project.
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 and the Mt. Skukum gold deposit.
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS NEWS RELEASE.