(TSX.V:TLG)
RICHMOND, BC, March 30 /CNW Telbec/ - Tagish Lake Gold Corp. (TSX-V:TLG) ("Tagish") announces that its Annual General Meeting of shareholders was held in Vancouver, British Columbia on March 29, 2007 at which:
- Messrs. Robert Bryce, Charles de Chezelles, Gregory Hawkins and Robert Rodger, incumbent directors of the Company, together with Mr. Robert Chafee of Toronto, Ontario, were elected as directors of the Tagish for the coming year; and - Smythe Ratcliffe, the incumbent auditors of the Company, were re-appointed auditors of the Company for the coming year.
Mr. Robert Rodger, President of the Company, stated "The Company is particularly pleased to have Mr. Robert Chafee on the Board of Directors. In addition to being a large shareholder, Mr. Chafee's many years of experience in building companies will serve Tagish well as the Company moves to production with the Skukum Creek project. And, we are gratified by the Shareholders' interest in the Company, as shown by the number of Shareholders present at the meeting, the best attendance ever at an Annual Meeting."
In response to questions from shareholders, the progress that the Company continues to make in moving to production was described during the meeting. The underground work currently underway at Skukum Creek has demonstrated exceptional mineralization in the Rainbow Two zone (Please see News Release of March 27, 2007). Engineering studies and the Environmental Assessment Report are all moving forward to completion. The Skukum Property is well situated with respect to infrastructure, such as hydro-electric energy in the Yukon, a major cost advantage for the Company.
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, 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 seldom result in the discovery of a commercially viable mineral resource. 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.