in Drilling on Aquilon Property, James Bay, Quebec (24.3 Ounces Gold per Ton Over 5.6 feet)

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MONTREAL, QUEBEC--(Marketwire - Jan. 19, 2011) -
Golden Tag Resources Ltd (TSX VENTURE:GOG) is pleased to report results from recent drilling on the Aquilon Project, James Bay, Quebec. A program of 1,926 metres of surface drilling has been completed in 35 short vertical drill holes targeting the Lingo (10), Moman (14), Fleur De Lys (11) and Muscovite showings. Drilling confirms that very high grade gold mineralization typically occurs in the hinges of folded quartz veins in shallow-plunging, pencil-like mineralized shoots.


Significant results grading over 5.0 grams gold per tonne (g/T Au) are presented in Table 1. All reported assay values are uncut and true widths are estimated to be between 80-85% of the core lengths reported. Results include:

834.4 g/T Au over 1.7 metres (m) (Moman Vein) including:
3,527.4 g/T Au over 0.40 m
116.48 g/T Au over 2.25 m (Moman Vein);
425.33g/T Au over 0.60 m (Moman Vein);
133.67 g/T Au over 0.82 m (Fleur de Lys Vein); and
26.70 g/T Au over 0.40 m (Muscovite Vein ).



Holes were spaced 3 to 4 metres apart and arrayed on sections across the plunge of the narrow pencil-like gold shoots; or, at approximately 5 to 15 meter intervals down plunge along the trend of mineralization, Drilling intersected veins at the expected targeted depths and encountered additional, previously unknown gold-bearing quartz veins in some areas, noticeably in the footwall to the Lingo Vein. Assays from the Lingo footwall include 6.72 g/T Au over 0.40 m and 7.59 g/T Au over 2.03 m


The four vein-occurrences characterize mineralization within the Wolf Lake Shear, a major shear zone up to 300 metres wide which trends ENE across the property. Up to 10 known high grade gold showings occur along a strike length of over 2 kilometers within the shear. The showings are typically folded, gold-bearing quartz veins which dip 20 to 35 degrees to the north. Native gold occurs in very tight pencil-like fold closures that have a shallow plunge to the NNE. Gold grades can be locally spectacular and be measured in percentage ranges (See Press Releases: June 26, 2008; May 6, 2009).


The property is located 450km east of Radisson, Quebec and is serviced by all weather gravel roads from the LG3 Hydro-electric Dam. The program was funded by Sirios Resources Inc. in agreements that will result in ownership of the property being held in joint venture by Golden Tag (50%) and Sirios (50%). Golden Tag will be operator and will have a casting vote in management decisions. SOQUEM will retain an NSR on the property (See News Release: November 4th, 2010).



Lingo Showing



Ten drill holes for 1,170 metres of drilling targeted the extension to depth of the high-grade gold shoot which was tested over a plunge length of 100 metres during drilling in 2009 (See Press Release: May 6, 2009). All new holes intersected the extension of the vein up to 245 metres down plunge of the surface expression of the zone and at a vertical depth of 120 metres. Moreover, additional pluricentimetric to pluridecimetric wide gold-bearing quartz veins were intersected above and below the Lingo vein, returning values varying from 8.00 g/t Au over 0.30 metres to 7.59 g/T Au over 2.03 metres, Table 1.



Moman Showing



Fourteen drill holes for 378 metres of drilling were completed on the Moman showing. No prior drilling had been undertaken in the area, however previous trenching on the showing had returned up to 287.4 g/t Au over 2.3 metres within a folded quartz vein. Eleven drill holes intersected the extension of the vein, nine of which contained visible gold. The elongated half-pipe-shaped folded vein has a cross-section of approximately 3 to 4 metres by 5 metres and plunges 30degrees-35degrees to the NNE. The vein was intersected for over 79 metres down plunge, to a vertical depth of 44 metres.



Fleur de Lys Showing



Eleven drill holes for 378 metres of drilling were completed on the Fleur de Lys showing, a strongly deformed quartz vein, which had previously returned values up to 110.2 g/t Au over 3.49 metres and 521 g/t Au over 1.80 metres in surface trenching. Seven of the holes intersected visible gold. The folded vein has a cross-section varying from 5.5 to 7 m with a 35degrees degree plunge oriented NNE. It was intersected for some 40 metres down plunge to a vertical depth of 25 metres.


More detailed information on the Aquilon project is available at the Company's website at http://www.goldentag.ca/">www.goldentag.ca.