(TSX.V: TLG)
RICHMOND, BC, Sept. 27 /CNW Telbec/ - Tagish Lake Gold Corp.
(TSX.V - TLG) is pleased to report on the assay results received for holes
SC06-62 to SC06-67. These holes are part of the program to outline the Rainbow
Two Zone, and to test the other mineralized zones. An increase in the drill
program to 6,500 metres from 5,000m has been approved by the Board of
Directors. The expanded program will allow greater drill density on the zones,
and will explore the Rainbow Two zone to the east of the known intersections.
<<
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HOLE NORTHING EASTING DEPTH AZIMUTH DIP
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(No.) (m) (m) (m) (degrees) (degrees)
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SC06-62 6670998 477241 32.6 150 degrees -77 degrees
SC06-63 6670998 477241 80.5 150 degrees -78 degrees
SC06-64 6670998 477241 103.3 150 degrees -50 degrees
SC06-65 6670986 477220 78.0 150 degrees -25 degrees
SC06-66 6670986 477220 67.1 150 degrees 0 degrees
SC06-67 6670986 477220 99.4 150 degrees +35 degrees
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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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SC06-65 23.53 24.79 1.26 1.20 16.90 43.4 Berg
SC06-66 16.50 16.87 0.37 0.37 5.55 713.0 Rainbow Two
25.93 6.08 0.15 0.15 4.54 273.0 Berg
SC06-67 13.45 13.97 0.52 0.50 10.82 157.7 Rainbow Two
29.53 31.69 2.16 2.10 3.82 30.9 Berg
Incl 30.80 31.69 0.89 0.85 7.95 52.9 Berg
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>>
Holes SC06-62 to SC06-64 were drilled on the same section as holes
SC06-57 to SC06-61 previously reported (See News Release of Sept. 25, 2006) to
provide intercepts approximately 20 metre vertically above and below these
holes. Hole SC06-62 was lost, due to a tool failure. Holes SC06-63 & SC06-64
encountered the Rainbow Two zone but only returned low grade values.
Holes SC06-65 to SC06-67 were drilled on the section located 20 metres to
the west of the previous section.
Robert Rodger, President of Tagish Lake Gold Corp. said, "The results
confirm that the Berg mineralized zone extends laterally. As previously
reported (See News Release of July 31, 2006), a second zone with high values
was also intersected in hole SC06-49, some 120 metres to the east of these
intersections. The additional drilling necessary to define the Berg zone is
ongoing."
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 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.
