(TSX.V: TLG)
RICHMOND, BC, Nov. 2 /CNW Telbec/ - Tagish Lake Gold Corp. (TSX.V - TLG)
is pleased to report on assay results received for holes SC06-79 to SC06-85.
These holes are part of the 6,500 metre program to outline the Rainbow Two
Zone, and to test the Kuhn mineralized zone and the newly discovered Berg
zone.
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HOLE NORTHING EASTING DEPTH AZIMUTH DIP
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(No.) (m) (m) (m) (degrees) (degrees)
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SC06-79 6671051 477333 125.6 150(degrees) -50(degrees)
SC06-80 6671051 477333 69.8 150(degrees) +60(degrees)
SC06-81 6671066 477355 69.2 150(degrees) 0(degrees)
SC06-82 6671066 477355 89.0 150(degrees) -25(degrees)
SC06-83 6671066 477355 111.9 150(degrees) -50(degrees)
SC06-84 6671066 477355 60.5 150(degrees) +35(degrees)
SC06-85 6671066 477355 84.7 150(degrees) +50(degrees)
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Holes SC06-79 & SC06-80 were drilled on the same section as holes SC06-48
to SC06-51 previously reported (See News Releases of July 27, July 31 and
August 11, 2006) to intercept the Rainbow Two Zone above and below these
holes.
Holes SC06-81 to SC06-85 were drilled on a section located some twenty
(20) metres east of the section with holes SC06-48 to SC06-51, and the holes
were drilled with an approximate 20 metre vertical spacing between the
intercepts in the holes.
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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SC06-79 41.95 43.25 1.30 0.88 10.29 178.5 Rainbow Two
42.40 42.75 0.35 0.24 29.80 517.0
And 83.20 86.80 3.60 2.45 5.64 179.0 Berg
Incl. 84.42 85.92 1.50 1.02 13.20 419.0
SC06-80 nsv
SC06-81 36.10 37.28 1.18 1.18 11.00 178.5 Rainbow Two
Incl. 37.10 37.28 0.18 0.18 70.70 710.0
SC06-82 39.84 40.30 0.46 0.42 30.40 94.7 Rainbow Two
SC06-83 108.30 109.33 1.03 0.70 0.79 106.0 Berg
SC06-84 39.76 48.67 8.91 7.35 4.54 48.6 Rainbow Two
Incl. 39.76 40.85 1.03 0.89 24.60 256.1
Incl. 43.89 44.26 0.27 0.22 31.60 131.0
SC06-85 60.36 61.95 1.59 0.85 32.53 306.9 Rainbow Two
Incl. 61.36 61.95 0.59 0.31 68.50 600.0
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nsv (equal sign) no significant values
>>
Robert Rodger, President of Tagish Lake Gold Corp. said, "As indicated in
Hole SC06-80, the Rainbow Two Zone appears to pinch out above the 1300m
elevation on that section, but carries high values below this elevation. The
drilling remaining in the program will help to outline the Rainbow Two zone.
The intersection of the Berg Zone in Holes SC06-79 and SC06-83 suggest
that the zone plunges to the east below the 1300m elevation."
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.
