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News update

posted on Nov 23, 07 07:19AM

Well, at least now we know why the SP fell.  Seems some knew prior to the rest of us that the FS was delayed.

Don't remember who, but someone on the SH forum was asking why doesn't TLG start small scale mining now with the existing mill.  I've asked myself the same question.  In BC anyway it's much less onerous to get a small scale mining permit (see ROK's moly mine) I can't imagine Yukon's much different.

 

Rockaur  

 

 

Tagish Lake Gold Corporate Update
23 Nov 2007 09:44 ET
(TSX.V: TLG)        RICHMOND, BC, Nov. 23 /CNW Telbec/ - Tagish Lake Gold Corp. (TSX.V - TLG)  wishes to report on progress in moving the Company forward to its objective of  production from the high grade Skukum Creek gold-silver deposit.        Diamond Drill Program        The Contractor has commenced the next phase of drilling underground, a  5,000m program, on the 1300m level with an experienced crew of drillers. The  first three holes tested the western extension of the Rainbow Two and Berg  zones. The holes currently being drilled will outline the upward and downward  extension of these zones.        Mineral Process Testing        The third report on process testing has been received, later than  scheduled. The testing has confirmed the selected process route of producing a  bulk concentrate followed by leaching of the concentrate. Overall, gold  recovery is expected to be 87 %. Certain selected tests, including gravity  concentration, are being conducted to examine ways of increasing silver  recoveries as well as gold recoveries.        Feasibility Study        In part because of the delays in receiving the mineral process testing  reports, the schedule for the feasibility study by consulting firm, Genivar,  has been extended, with the draft technical report on feasibility now expected  in four months.        Environmental Assessment Report        Work on the Environmental Assessment report is well underway, and the  Company expects the report to be available by year-end.        Corporate        The Company's CFO, Denis Lampron, presented to an interested audience at  the China Mining Forum held in Beijing last week.      The Economic Development Department of the Government of the Yukon has  agreed to provide an initial contribution of C$100,000 toward the cost of the  Feasibility Study.        About Tagish Lake Gold Corp.        Tagish Lake Gold Corp. explores for and develops high grade gold-silver  mineral deposits in the Yukon Territory of Canada. The Company is currently  focused on its wholly owned, 178 km2 Skukum Mineral District located 80 km by  road south of Whitehorse. The Skukum Mineral District hosts the Skukum Creek  gold-silver deposit, the Goddell Gully gold deposit and the Mt. Skukum gold  deposit. 

 

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