Taku Gold Corp. (TSX VENTURE:TAK) has announced that it has commenced core drilling on its Sulphur property located approximately 45km 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 up-slope, southwest side of the geophysical anomaly consist of schistose metasediments whereas ultramafic rocks were found on the down-slope, 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 5-hole, 500m drilling program is designed to determine if the geophysical anomaly is caused by a gold-bearing structure localised along the ultramafic-metasediment contact. The overburden depth is generally 10 to 15m 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" comments Zak Dingsdale, President.
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.
Source: Taku Gold Corp.