(TSX.V: TLG)
RICHMOND, BC, Oct. 31 /CNW Telbec/ - Tagish Lake Gold Corp. (TSX.V: TLG)
is pleased to report on the assay results received for holes SC06-68 to
SC06-72. 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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SC06-68 6670986 477220 57.3 150(degrees) +65(degrees)
SC06-69 6670986 477220 71.3 150(degrees) -65(degrees)
SC06-70 6671008 477258 67.8 150(degrees) -0(degrees)
SC06-71 6671008 477258 61.9 150(degrees) -25(degrees)
SC06-72 6671008 477258 137.8 150(degrees) -50(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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SC06-68 24.20 24.40 0.20 0.09 6.90 149.0 Rainbow Two
And 42.37 50.39 8.02 3.45 2.43 24.4 Berg
Incl. 46.03 47.5 1.47 0.63 6.88 54.9
SC06-69 21.03 27.81 6.78 2.93 2.04 59.4 Rainbow Two
Incl. 22.55 23.88 1.33 0.57 5.35 185.0
SC06-70 36.25 37.20 0.95 0.95 24.57 90.0 Berg
SC06-71 17.63 20.10 2.47 2.25 10.11 246.5 Rainbow Two
Incl. 18.26 18.41 0.15 0.14 31.10 318.0
Incl. 19.00 20.10 1.10 1.00 18.00 470.0
Incl. 19.00 19.43 0.43 0.39 16.60 805.0
SC06-72 25.34 26.15 0.81 0.55 2.53 55.6 Rainbow Two
And 52.43 52.69 0.26 0.18 5.45 233.0 Berg
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>>
Holes SC06-68 & SC06-69 were drilled on the same section as holes SC06-65
to SC06-67 previously reported (See News Release of September 27, 2006).
Holes SC06-70 to SC06-72 were drilled on the same section as hole SC06-73
previously reported (See News Release of October 25, 2006). The section is
located forty (40) metres east of the section with holes SC06-65 to SC06-69,
and the holes were drilled with an approximate 20 metre vertical spacing
between the intercepts in the holes.
Robert Rodger, President of Tagish Lake Gold Corp. stated "High grade
intersections continue to be encountered in the Rainbow Two zone. These holes
are located in a part of the Rainbow Two zone where narrower widths have
previously been intersected."
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.
