RICHMOND, BC, Nov. 23 /CNW Telbec/ - Tagish Lake Gold Corp. (TSX.V - TLG)
wishes to report on progress in moving the Company forward to its objective of
production from the high grade Skukum Creek gold-silver deposit.
Diamond Drill Program
The Contractor has commenced the next phase of drilling underground, a
5,000m program, on the 1300m level with an experienced crew of drillers. The
first three holes tested the western extension of the Rainbow Two and Berg
zones. The holes currently being drilled will outline the upward and downward
extension of these zones.
Mineral Process Testing
The third report on process testing has been received, later than
scheduled. The testing has confirmed the selected process route of producing a
bulk concentrate followed by leaching of the concentrate. Overall, gold
recovery is expected to be 87 %. Certain selected tests, including gravity
concentration, are being conducted to examine ways of increasing silver
recoveries as well as gold recoveries.
In part because of the delays in receiving the mineral process testing
reports, the schedule for the feasibility study by consulting firm, Genivar,
has been extended, with the draft technical report on feasibility now expected
in four months.
Environmental Assessment Report
Work on the Environmental Assessment report is well underway, and the
Company expects the report to be available by year-end.
The Company's CFO, Denis Lampron, presented to an interested audience at
the China Mining Forum held in Beijing last week.
The Economic Development Department of the Government of the Yukon has
agreed to provide an initial contribution of C$100,000 toward the cost of the
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; Lindsay Malcolm, Investor Relations, firstname.lastname@example.org, (604)
273-6447, Fax: (604) 273-6488, www.tagishgold.com; Renmark Financial
Communications Inc.: Barbara Komorowski, email@example.com;
John Boidman, firstname.lastname@example.org, (514) 939-3989, Fax: (514)
939-3717, www.renmarkfinancial.com; Should you wish to receive Company news
via email, please email email@example.com and specify "TLG News" in the