(TSX.V: TLG)
RICHMOND, BC, Jan. 4 /CNW Telbec/ - Tagish Lake Gold Corp. (TSX.V - TLG) is pleased to report on assay results received for holes SC06-94 to SC06-97, and SC06-106. These holes are part of the recently completed 6,500 metre program to outline the Rainbow Two Zone, and to test the Kuhn mineralized zone and the newly discovered Bergvinson 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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SC06-94 6671036 477312 68.3 150 degrees +30 degrees
SC06-95 6671036 477312 102.7 150 degrees +50 degrees
SC06-96 6671082 477379 81.4 150 degrees 0 degrees
SC06-97 6671082 477379 88.4 150 degrees -25 degrees
SC06-106 6671101 477417 59.4 150 degrees +30 degrees
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Holes SC06-94 to SC06-95 were drilled on the same section as holes
SC06-91 to SC06-93 which is located some twenty (20) metres west of the
section with holes SC06-48 to SC06-51 (See News Releases of July 31, 2006 and
Nov. 26, 2006).
Holes SC06-96 to SC06-97 were drilled on the same section as holes
SC06-98 to SC06-100, located some sixty (60) metres east of the section with
holes SC06-48 to SC06-51.
Hole SC06-106 was drilled on the same section as holes SC06-43 to SC06-45
(See News Release of July 21, 2006) located some eighty (80) metres east of
the section with holes SC06-48 to SC06-51.
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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SC06-94 26.75 30.00 3.25 2.80 10.62 90.6 Rainbow Two
Incl. 28.25 30.00 1.25 1.08 18.80 192.0
SC06-95 34.90 44.62 9.72 6.32 6.91 72.4 Rainbow Two
Incl. 34.90 37.03 2.13 1.38 20.79 176.0
And 98.60 99.50 0.90 0.59 11.90 16.8 New
SC06-96 40.60 41.79 1.19 1.19 12.40 35.2 Rainbow Two
Incl. 41.47 41.79 0.32 0.32 32.90 99.6
SC06-97 44.75 45.00 0.25 0.22 0.61 288.0 Rainbow Two
SC06-106 50.10 50.48 0.38 0.33 3.42 92.3 Rainbow Two
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Mr. Rodger, President of Tagish Lake Gold Corp., stated: "In addition to
the high-grade values encountered in these holes, the Rainbow Two Zone is much
wider in the section with holes SC06-94 and SC06-95."
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 that returned values greater than 900
pb 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 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.