Taku Gold starts drilling at Sulphur property

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Taku Gold starts drilling at Sulphur property

posted on Oct 18, 2010 10:56PM

Taku Gold starts drilling at Sulphur property

Taku Gold Corp (C:TAK)
Shares Issued 44,702,639
Last Close 10/18/2010 $0.47
Monday October 18 2010 - News Release

Mr. Zachery Dingsdale reports

TAKU COMMENCES DRILLING IN WHITE GOLD AREA OF YUKON

Taku Gold Corp. has commenced core drilling on its Sulphur property, located approximately 45 kilometres southeast of Dawson City in the White Gold district of Yukon. Previous work by the property vendors, Tom Morgan and Vern Matkovich, outlined a strong, southeast-trending conductor on the margin of a magnetic high. Mechanical auger drilling done by the property vendors to test for placer gold found unusual gold grains in bedrock samples collected across the geophysical anomaly. The gold grains are angular, dark yellow in colour and often attached to quartz fragments. Generally they are atypical and do not resemble placer gold produced in the immediate area.

Bedrock samples collected on the upslope, southwest side of the geophysical anomaly consist of schistose metasediments, whereas ultramafic rocks were found on the downslope, northeast side of the geophysical anomaly. Moreover, no gold was found southwest of the geophysical anomaly, whereas gold was found in several auger holes drilled northeast of the geophysical anomaly. The five-hole, 500-metre drilling program is designed to determine if the geophysical anomaly is caused by a gold-bearing structure localized along the ultramafic-metasediment contact. The overburden depth is generally 10 to 15 metres thick and prevents testing by any means other than core drilling.

"All evidence points to a distinct local source for the gold found in the auger drill samples. The geophysical data suggests a potential gold-bearing structure. We hope to prove this with the drilling," commented Zak Dingsdale, president of Taku Gold.

Mark Fekete, PGeo, is the designated qualified person, as defined in Section 1.2 in and for the purposes of National Instrument 43-101, responsible for the preparation of this release.