VANCOUVER, BRITISH COLUMBIA--(Feb. 2, 2012) - Taku Gold Corp. (the "Company") (TSX VENTURE:TAK) announces the 2012 proposed exploration program on the Rosebute property in Yukon.
The 544-claim (11,260-hectare) Rosebute property is located approximately 55km due south of Dawson City, Yukon and was acquired in March 2010 from well-known Yukon prospector Shawn Ryan. In 2010, 5,158 soil samples were collected on two grids based on 50m sample intervals on lines spaced approximately 100m apart, and a 1,107km airborne radiometric and magnetic geophysical survey was flown. Excellent geochemical results were obtained from the first grid located in the northwestern part of the property and an anomalous gold area approximately 189ha in size was identified (the "Norwest" zone).
In 2011, detailed geochemical sampling was done over the Norwest zone to provide a sample density of 50m sample stations on lines spaced at 50m apart. Results from the 457 samples collected in 2011 are well above the 2010 results and three distinct gold anomalies are delineated. The first anomaly is located in the northern part of the gridded area. It is well defined over an east trending length of 900m and shows maximum values up to 212 parts per billion gold (ppb Au) or 0.2 grams per tonne gold (gpt Au). The second anomaly is located in the southern part of the gridded area. It is well defined over an east trending length of 500m and shows maximum values up to 1,334ppb Au or 1.3gpt Au. The third anomaly is located in the eastern part of the gridded area. It is well defined over an east trending length of 450m and shows maximum values up to 254ppb Au or 0.3gpt Au. The first and third anomalies line up in a west to east trend and may in fact identify one gold-bearing zone up to 1.8km long. More work will have to be done to establish if this is a valid interpretation.
In addition to the detailed sampling on the Norwest zone, 2,259 reconnaissance ridge and spur samples were taken over the entire Property in 2011. A gold value of 3.4gpt Au was returned from a sample collected approximately 3km north of the Norwest zone. A small cluster of anomalous gold results was also identified 2.4 km southeast of the Norwest zone with maximum values up to 491ppb Au or 0.5gpt Au.
For 2012, Taku will be concentrating on the Norwest zone. It is anticipated that the three gold-rich areas within the Norwest zone will be mapped, trenched and sampled, and then drilled. Detailed soil sampling and possibly trenching will also be undertaken at the two new zones mentioned above. A preliminary budget of $600,000 has been proposed for the project and it is expected that work will begin in early June 2012.
Investors are invited to visit http://www.takugold.com/whitegold_rosebute_property.html to view updated maps for the Rosebute Project.
All analytical results mentioned in this release were determined by Acme Analytical Laboratories Ltd. ("Acme") in Vancouver, British Columbia. Acme is accredited under ISO 9001. Soil samples were prepared by drying and sieving 100g to -80 mesh, and then analyzed for 36 elements (including gold) by 15 gram Aqua Regia digestion, ICP-MS finish. Mark Fekete, P.Geo is the designated "qualified person" as defined in Section 1.2 in and for the purposes of National Instrument 43-101 that reviewed the technical content of this release.
On Behalf of the Board, Taku Gold Corp.
Zachery Dingsdale, CEO and President
Statements in this release that are forward-looking are subject to various risks and uncertainties as identified above and in the Company's periodic filings with the British Columbia Securities Commission and the U.S. Securities Exchange Commission. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not intend to update this information and disclaims any legal liability to the contrary.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Contact Information:
Taku Gold Corp.
Zachery Dingsdale
CEO and President
604.642.0115 or Toll Free 866.345.0115
604.642.0116 (FAX)
info@takugold.com
www.takugold.com
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