Taku Gold has currently completed the deep auger-type soil sampling phase of the exploration campaign at the Portland property during 2011.
The company has collected 24,604 samples in total from Rosebute, Aussie-Mel, Burnham, Montana, Wounded Moose, Sulphur, Bishop and Dan properties, in which 17,401 samples were gathered at 50 m intervals along the spurs and the ridge. This initial sampling found several potential gold mineralization sites at the Wounded Moose, Sulphur, Bishop and Montana properties. Taku has completed the follow-up grid sampling program on the grid lines 100 m distant spacing at 50 m sample locations, which is on the properties’ potential regions. Additionally, grid sampling was completed over a discovered potential region at the Rosebute property during 2010. The company collected 7,203 samples in total on the grid lines.
At present, Taku has progressed to the 2011 phase II exploration campaign and the diamond drill program is ongoing at the Portland property. The objective of this drilling program is to examine the continuity of a gold-bearing formation, which was previously discovered as the Gold Run showing. The 2010 trenching program outlined the formation over 250 m of strike length on the surface. Taku returned significant values of gold, up to 97.23 g/t over 7.0 m and 455.76 g/t during the systematic chip sampling program conducted in the trenches.
The estimated results are based on the analytical work that was completed at the Vancouver-based Acme Analytical Lab in British Columbia. The rocks were examined for gold through the 30 g fire assay along with an ICP-ES finish. Over limit samples, which is >10 g/t gold were assayed again by the 30 g fire assay with the gravimetric finish.