Terraco Reports Middlegate Surface Sampling Results of up to
9.2 gpt Gold and 100 gpt Silver
NEWS RELEASE
Vancouver, BC, December 5, 2007 ??? (TSX Venture: TEN) Terraco
Gold Corp. (???Terraco???) is
pleased to report results from the initial rock sampling on the
Middlegate Property (please refer to NR 2007-10 dated November 30, 2007
outlining the terms of the property acquisition). Gold assay results as
high as 9.2 grams per tonne (???gpt???) (0.296
troy ounces per ton (???opt???)) and silver assay results as high as 100 gpt (3.215
opt) were returned.
The initial sampling program
included the collection of more than 100 rock samples (chip and channel up to
12 feet) from the existing, small open pit, as well as from surface outcrops,
prospects and dumps within the recently expanded property position of more than
1,950 acres (800 hectares), or nearly 3 square miles.
The samples confirmed geochemically
anomalous to high-grade gold, silver and base metal values, including mercury.
Elevated mercury values, to a high of 3,000 parts per billion, are
characteristic of high-level precious metal systems and can be a good gold
pathfinder.
Samples were taken throughout the
property. Of samples taken from the main pit on the property, results
ranged from trace values to highs of 9.2 gpt
(0.296 opt) gold and 38.5 gpt
(1.238 opt) silver. Samples taken nearly 1,000 feet east of
the main pit, along strike of the same fault/breccia zone, returned values of
up to 5 gpt (0.161 opt) gold and up to 39.7
gpt (1.276 opt) silver. Outcrop samples taken more than 1,200
feet from the main pit assayed as high as 100
gpt (3.215 opt) silver. In addition, results of up to 6.44 gpt (0.207 opt) gold were obtained
from samples more than 3,000 feet from the main pit. These samples were
taken at a prospect along a different structural zone in brecciated sinter.
Todd
Hilditch, President of Terraco, stated,
"The results obtained from this initial sampling program have confirmed
our preliminary assessment of the potential of the Middlegate Property.
Based on these results, a systematic, detailed exploration program will
be designed by Terraco in early 2008. It will include additional rock sampling;
detailed mapping; soil sampling; geophysics and drilling."
The Middlegate Property is located
in Churchill County, Nevada,
approximately 5 miles southwest of the town of Middlegate. This region is known for historic
mining success, including notable districts such as Fairview,
Rawhide and Paradise
Peak. Based upon initial
observations, Middlegate alteration and mineralization commences at a very high
level, at or near paleo-surface. Targets at the Middlegate Property
include volcanic???hosted, epithermal stockwork, breccia, and/or vein gold-silver
deposits.
Ken Snyder, P. Geo.
and Charles Sulfrian, P. Geo. and
Vice President, Exploration, conducted and personally submitted the initial
sampling to the independent laboratories of ALS Chemex, Elko, and American Assay
Laboratories, Sparks, NV, for precious metals and geochemical
analyses. Gold analyses were by fire assay with either atomic absorption
(AA) or gravimetric finish. Silver analyses were either by multi-acid
digestion Mass Spectroscopy (MS), Inductively Coupled Plasma (ICP) and/or fire
assay with gravimetric finish. Geochemical analyses were via multi-acid
digestion Inductively Coupled Plasma-Mass Spectroscopy (ICP-MS).
This
release has been reviewed and approved by Charles
Sulfrian, P.Geo., Vice President, Exploration of Terraco, who
is considered a ???qualified person???, as defined by NI 43-101.
Terraco Gold Corp. is a
mineral exploration company, listed on the TSX Venture Exchange under the
symbol "TEN". Please visit Terraco's website at www.terracogold.com
for additional information.
ON BEHALF OF THE BOARD
"Todd
Hilditch"
______________________________
Todd
Hilditch, President and CEO
FOR FURTHER INFORMATION
PLEASE CONTACT:
Terraco Gold Corp.
Todd
Hilditch, President and CEO
Toll Free: 1-877-792-6688
Tel: (604) 443-3830
Fax: (604) 682-3860
Email: info@terracogold.com
Website: www.terracogold.com
The TSX Venture
Exchange has not reviewed and does not accept responsibility for the adequacy
or accuracy of this release.
Certain of the statements made and
information contained herein are ???forward???looking statements??? within the
meaning of Canadian securities legislation or ???forward???looking information???
within the meaning of the Ontario Securities Act and the Alberta Securities Act. This includes statements concerning the Company???s plans at its
mineral properties, which involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements
of the Company, or industry results, to be materially different from any future
results, performance or achievements expressed or implied by such forward???looking
statements or forward???looking information. Forward???looking statements and
forward???looking information are subject to a variety of risks and uncertainties
which could cause actual events or results to differ from those reflected in
the forward???looking statements or forward???looking information, including,
without limitation, the availability of financing for activities, risks and
uncertainties relating to the interpretation of drill results and the
estimation of mineral resources and reserves, the geology, grade and continuity
of mineral deposits, the possibility that future exploration, development or
mining results will not be consistent with the Company???s expectations, metal
price fluctuations, environmental and regulatory requirements, availability of
permits, escalating costs of remediation and mitigation, risk of title loss,
the effects of accidents, equipment breakdowns, labour disputes or other
unanticipated difficulties with or interruptions in exploration or development,
the potential for delays in exploration or development activities, the inherent
uncertainty of production and cost estimates and the potential for unexpected
costs and expenses, commodity price fluctuations, currency fluctuations,
expectations and beliefs of management and other risks and uncertainties.
In addition, forward???looking statements and forward???looking information is
based on various assumptions. Should one or more of these risks and
uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those described in forward-looking
information or forward-looking statements. Accordingly, readers are
advised not to place undue reliance on forward???looking statements or forward???looking
information. Except as required under applicable securities legislation,
the Company undertakes no obligation to publicly update or revise forward???looking
statements or forward???looking information, whether as a result of new
information, future events or otherwise.