Additional Shorter Drill Sections with Higher Grade Results Include 1.5 m of 10.8 GPT Gold and 21.3 m of 1.881 GPT Gold
Vancouver, BC, September 6, 2012 � (TSX.V: TEN | US: TCEGF). Terraco Gold Corp. (� Terraco� or the �Company�) is pleased to report additional assay results from the 2012 drill program completed at its Almaden (Nutmeg Mountain) Project located in Washington County, Idaho. The Company is reporting the remaining 6 holes of the spring 2012 core drilling program. Assay results from this in-fill core drilling again encountered significant intercepts from surface to 76.8 metres (�m�) or 252 feet (�ft �). Many holes intersected gold grades exceeding the average grade of the deposit and include shorter sections assaying up to 10.80 grams per tonne (�gpt�) gold.
Drill Highlights Include:
- Hole TAL-787C intersected 60.4 m averaging 1.065 gpt gold, including 21.3 m averaging 1.881 gpt gold with 13.7 m of 2.246 gpt gold ;
- Hole TAL-792C intersected 76.8 m averaging 0.939 gpt gold , including 12.2 m averaging 1.435 gpt gold, 4.6 m of 1.209 gpt gold, 7.6 m of 1.662 gpt gold and 1.5 m averaging 2.270 gpt gold;
- Hole TAL-793C intersected 48.8 m averaging 0.944 gpt gold , including 18.3 m averaging 1.373 gpt gold and 3.0 m averaging 1.625 gpt gold;
- Hole TAL-794C intersected 24.4 m averaging 1.000 gpt gold , including 10.7 m averaging 1.409 gpt gold, and an additional 13.7 m of 1.794 gpt gold; including 1.5 m of 10.800 gpt gold .
A table summarizing this round of drill results can be found at the conclusion of this news release.
Todd Hilditch, President and CEO of Terraco, stated: �We are very pleased with the success of the spring 2012 drill program. Today�s drill results continue to show good gold grade over longer widths within the deposit. In addition, this round of drilling encountered some very interesting higher grade, sulfide rich breccia which could represent a broader network of near vertical discrete feeders along high angle structures. This interpretation deserves further study and will form part of the ongoing decision-making process for further exploration.�
Drill Program Summary
The 2012 exploration program was designed to accomplish 3 goals:
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Continue to test continuity and confirm the grade of the deposit internally by obtaining better, more representative, samples through the use of core drilling instead of reverse-circulation (�RC�) drilling;
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Obtain large diameter core samples for metallurgical testwork that will address specific questions unanswered in prior metallurgical studies; and
- Explore for high grade feeder zones below and laterally away from the known resource.
Terraco�s 2012 drill program utilized HQ3 core drilling in mostly shallow holes in 4 different areas of the deposit aimed at:
- Better defining resources in the areas of older conventional rotary and RC drilling; and
- Compare grades between various drilling techniques.
Assay results are summarized in the table below.
The table above shows only those assay results greater than or equal to 1.5 m of = 0. 340 gpt gold or 5 ft of = 0.010 Troy ounces per ton (�opt�) gold. Intervals were calculated using a 0.34 gpt (0.010 opt) gold cut-off and may include short intervals of values below the cut-off grade. Intervals are converted from ft to m. Rounding to metres may affect interval values.
Assay determinations for gold were made by 50 gram fire assay, using an AA finish. Analyses were performed by ALS Minerals USA, Inc. of Reno Nevada.
Please click on the link below for a map of the 2012 drilling results, including those of today�s:
http://www.TerracoGold.com/i/projects/05sept2012_dh_map_pr.jpg
Almaden Gold Resource
The National Instrument 43-101, Standards of Disclosure for Mineral Projects (�NI 43-101�), compliant resource has an average grade of 0.02 opt (0.7 gpt) in the near surface flat-lying tabular resource. The majority of previous drilling was completed using conventional rotary (RAB) and RC drilling. The NI 43-101 compliant resource is based on cut-off grades of 0.008 opt, 0.012 opt and 0.023 opt for the oxide, mixed and sulfide mineralization, respectively:
- Measured resource of 239,000 ounces of gold (10,810,000 tons grading 0.022 opt);
- Indicated resource of 625,000 ounces of gold (32,240,000 tons grading 0.019 opt);
- Inferred resource of 84,000 ounces of gold (5,270,000 tons grading 0.016 opt); and
- Total gold resource of 948,000 ounces (48,320,000 tons grading 0.020 opt).
Drilling during 2012 at the Almaden (Nutmeg Mountain) Project was conducted by Marcus and Marcus Exploration of Coeur d�Alene, Idaho, and National EWP, Inc. of Hayden, Idaho.
To view the entire press release please visit:
September 6th, 2012 Terraco Gold Press Release
Please always feel welcome to call at either of the numbers listed below.
Thank you as always for your time.
Matt
Please find the updated Terraco Gold Corporate Presentation contained in the link below: http://www.terracogold.com/i/pdf/Terraco_CorpPresentation.pdf
Please find the Terraco Gold Corporate Video with contained in the link below: Terraco Gold Corporate Video
Please visit our website at: http://www.terracogold.com/
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About Terraco Gold Corp.
Terraco Gold Corp. (TSX.V: TEN | US: TCEGF) ("Terraco") project portfolio includes an advanced-stage gold project in Idaho, a Royalty Option on an evolving Nevada gold discovery and a neighbouring early-stage gold/silver project in Nevada, USA. Almaden Project is located 126 kilometres north of Boise, Idaho. The project hosts a National Instrument 43-101 compliant measured plus indicated and inferred resource of 948,000 ounces of gold within 90 m of surface. The advanced- stage Almaden project has excellent access with good infrastructure and includes over 66,000 m of drilling in 903 drill holes. Terraco has completed a drill program to explore the extension of the near surface mineralization that is open to the north and south, as well as test for high-grade, bonanza-style structurally controlled gold mineralization at depth. Project comparisons for Almaden are The Ken Snyder "Midas Mine" (Newmont) and the Hollister Mine (Great Basin Gold) located in northeast Nevada.
2.5% net smelter royalty ("NSR royalty") on The Spring Valley Gold Project ("Spring Valley"), located in Pershing County, Nevada. Spring Valley is a joint venture between Barrick Gold Corp. ("Barrick") and Midway Gold Corp., where Barrick has the right to earn 60% interest in the project by completing work expenditures totalling US $30 million before December 31, 2013. Terraco's 100%-owned Moonlight Project, which currently encompasses over 5,000 acres, is located along trend and adjoins the north side of Spring Valley.
Moonlight Project is located 380 kilometres northeast of Reno, Nevada and approximately 8 kilometres north of the Coeur d'Alene Rochester silver-gold mine. The Rochester Mine has produced over 125 million ounces of silver and 1.2 million ounces of gold in its 25 year history and has recently returned to production.
Ken Snyder, PhD (Lead Consulting Geologist). Both Mr. Sulfrian and Dr. Snyder were instrumental in the discovery of major Nevada gold mines including Barrick's Goldstrike Mine and Newmont's Ken Snyder Midas Mine respectively.
Matt W. Johnston 1825-1055 West Hastings St. Vancouver, BC Canada V6E 2E9 Tel: 604.443.3835 Toll-Free: 1.877.792.6688 Ext: 4 www.terracogold.com
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