RICHMOND, BC, Sept. 20 /CNW Telbec/ - Tagish Lake Gold Corp.
(TSX.V - TLG) wishes to report on progress in moving the Company forward to
The Company continues to pursue it's objective of production from the
high grade Skukum Creek gold-silver deposit. Permitting is the key to moving
to this objective.
Environmental Assessment Report
Work on the Environmental Assessment report is well underway, and the
Company expects to initiate permitting for production this fall.
The consulting firm, Genivar, now has the resource information necessary
to determine the mining aspects of the project. The mineral process testing
currently underway at Process Research Associates is expected to be finished
by month end. A draft technical report on feasibility is expected in two
The underground work program on the 1300 m level is essentially complete.
Systematic sampling of the drifts on the Rainbow Two and Berg zones should be
complete by month end. Results from most of the assays for this sampling are
The surface preparation work for the new portal at the 1100 m elevation
is also essentially complete, with a rock face established for the adit. The
contractor has been placed on standby until work is undertaken on the lower
The Company has been assessing alternate means of financing, and fully
expects that one or more of the alternatives to equity financing will provide
a significant portion of the funds required for construction.
In the interim, a private placement of flow-through shares will be issued
shortly to facilitate additional exploration work at Skukum Creek, initially
diamond drilling to test the extensions of the Rainbow Two and Berg zones.
Mr. Robert Rodger, President of the Company, stated: "We are currently in
the greatest bull market ever seen for gold and silver. The Company will move
decisively towards its objective to benefit from this market."
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
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS NEWS RELEASE.
This news release includes certain forward looking statements in respect
to various issues including upcoming events. These forward looking statements
are based upon current expectations which involve risks and uncertainties that
could cause actual outcomes and results to differ materially. Mineral
exploration is subject to a high degree of risk, which even a combination of
experience, knowledge, and careful evaluation may fail to overcome.
Exploration activities are also expensive. The Company will therefore require
additional financing to carry on its business, and such financing may not be
available when it is needed. The Company disclaims any obligation to revise
any forward looking statements as a result of information received after the
fact or regarding future events.
For further information:
For further information: visit the Company's website at
www.tagishgold.com, or contact: Tagish Lake Gold Corp.: Robert Rodger,
President, (604) 273-6477, Fax: (604) 273-6488, www.tagishgold.com; Renmark
Financial Communications Inc.: Barbara Komorowski:
firstname.lastname@example.org; John Boidman: email@example.com,
(514) 939-3989, Fax: (514) 939-3717, www.renmarkfinancial.com; Should you wish
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