RICHMOND, BC, Jan. 17 /CNW Telbec/ - Tagish Lake Gold Corp. (TSX-V: TLG) is pleased to report on assay results received for holes SC06-107 to SC06-110. These holes are part of the now complete 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
(No.) (m) (m) (m) (degrees) (degrees)
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SC06-107 6671062 477330 170.3 150 degrees -56.5 degrees
SC06-108 6671132 477568 50.3 300 degrees 0 degrees
SC06-109 6671132 477569 70.1 0 degrees 0 degrees
SC06-110 6671130 477566 49.4 290 degrees 0 degrees
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Hole SC06-107 was drilled on the same section as, and below, holes SC06-48
to SC06-51 (See News Releases of July 31, 2006 and August 11, 2006).
Holes SC06-108 to SC06-110 were drilled along the structure to test area
between the Rainbow and Rainbow Two Zones.
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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SC06-107 70.85 71.29 0.44 0.29 4.85 354.0 Rainbow Two
And 109.80 110.80 1.00 0.67 2.81 306.0 Berg
SC06-108 46.50 46.70 0.20 0.20 3.24 19.1 Rainbow Two
SC06-109 57.48 57.65 0.17 0.17 10.50 1120.0 Rainbow Two
SC06-110 48.74 48.94 0.20 0.20 3.37 8.4 Rainbow Two
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Mr. Rodger, President of Tagish Lake Gold Corp., stated: "In addition to the high-grade values encountered in this drilling program, SC06-107 indicates that the Rainbow Two and Berg Zones continue to depth. The mineralization encountered in holes SC06-108 to SC06-110 suggests that there may be potential to extend the Rainbow Two zone to the east."
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 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.