June 10, 2010
Taku acquiring prospects in White Gold
discovery area
Taku Gold Corp. (TSXV: TAK) is exploring the White Gold
District, south of Dawson City, Yukon, and the Tagish
Lake region of northern British Columbia. The White Gold District is where a
significant gold discovery by Underworld Resources prompted a claim staking
rush. Underworld calculated a resource estimate of 1,480,870 ounces of gold
averaging 2.71 grams gold/tonne at the Golden Saddle deposit and 170,470
ounces averaging 1.21 grams/tonne at the Arc deposit. Kinross Gold is
acquiring all the shares of Underworld.
In January 2010, Taku
Gold changed its name from CZM Capital Corp. and completed a share
consolidation on a 3:1 basis. Since that time, the company has been acquiring
strategically located claims in the White Gold discovery area. In March 2010,
Taku optioned the Dan and Rose & Bute properties from Shawn Ryan, the
prospector responsible for the White Gold and JP Ross discoveries. Taku Gold
then staked an additional 292 claims to expand the Rose & Bute property
to 564 claims (11,731 hectares). Due to poor bedrock exposure, soil sampling
has been the most successful exploration technique. Taku intends to use this
"footprint" strategy and plans to collect up to 10,000 soil samples
from the Dan and Rose & Bute properties this year.
In addition, Taku Gold
has staked an additional 80 claims to expand the Dan property to 448 claims
(9,318 hectares). The property is about 40 kilometres south of Dawson City
and covers prospective rock types and structures similar to Underworld's
White Gold Project 35 kilometres south and Underworld's JP Ross and Maisy May
projects located immediately to the southeast. Taku now controls a dominant
position in the White Gold play with 1,022 claims (21,258 hectares).
Zak Dingsdale, CEO, said,
"The White Gold District has the potential to be a world class mining
camp. With Taku now controlling the third largest land position in the White
Gold District, the company stands to benefit from new development and
discoveries in the area. Taku is eagerly anticipating the start of its work program
to begin in the summer of 2010. Taku will also be further developing its TAG
Gold deposit in BC which is workable year round."
On the TAG property, 35
kilometres west of Atlin, on Taku Arm of Tagish Lake, northern BC, the
company has completed airborne geophysics, soil sampling, prospecting,
trenching and 69 drill holes. A NI 43-101 compliant resource estimate
includes indicated resources of 250,000 tonnes grading 3.0 grams gold/tonne
and 12.1 grams silver/tonne and 400,000 tonnes of 3.0 grams gold/tonne and
9.9 grams silver/tonne of inferred resources. Mineralization is open for
expansion. A new surface showing was discovered in 2008 that returned values
up to 7.8 grams gold/tonne. A $1.5 million budget for 2010 has been proposed.
For further information
about Taku Gold, please fill out an Information Request Form or call 1-800-610-9552.