Vancouver, BC, December 9, 2011 � Taku Gold Corp. (the �Company�) (TSXV: TAK) announces the results from a drill program done in August 2011 on the 75-claim (1,525ha) Portland property located at the headwaters of Portland Creek, a tributary of Dominion Creek, some 45km southeast of Dawson City, Yukon. The work included 1,075m of drilling in seven holes. The goal of the work was to test the continuity of a gold-bearing structure identified historically as the Gold Run showing.
The Gold Run structure was intersected in holes PT11-01, 02, 05 and 06. The highest gold value found in the zone was 2.3 grams per tonne gold (gpt Au) over 1.0m in hole PT11-02 from 46.3m within a wider interval of 0.5gpt Au over 3.0m from 45.3m. Hole PT11-07 intersected a parallel zone grading 0.22gpt Au over 3.0m from 41.2m. Although this zone is narrow and low-grade, it does provide direct evidence for the existence of gold-bearing zones parallel to the Gold Run structure. Notable gold intersections are listed as follows:
The drill program met its primary goal of testing the continuity of the gold-bearing structure exposed at the historical Gold Run showing. The structure appears to be narrow and discontinuous with a global average gold grade that is low. The drill results did not reflect the high-grade values obtained from the trenches done in the previous season. Visible gold has been noted in the surface trenches suggesting that the gold in the structure is relatively coarse-grained and subject to a nugget effect. Taku intends to continue surface exploration on the Portland property in 2012 with the goal of locating additional gold-bearing targets suitable for drilling.
All analytical work was completed at Acme Analytical Laboratories Ltd. (�Acme�) in Vancouver, British Columbia. Acme is accredited under ISO 9001. Core samples were prepared by crushing 1kg to 80% passing -10 mesh and then pulverizing a 250g sub-sample to 85% passing -200 mesh. Each sub-sample was analyzed for gold by 30g fire assay, ICP-ES 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, who reviewed the technical content of this release.
On Behalf of the Board,
Taku Gold Corp.
Zachery Dingsdale,
CEO and President
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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.
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.
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