RICHMOND, BC, Aug. 29 /CNW Telbec/ - Tagish Lake Gold Corp. (TSX.V - TLG)
is pleased to announce that, with the addition of resources from the Rainbow
Two and Berg zones, the measured and indicated resources at Skukum Creek are
now estimated to be 1,066,000 tonnes at 6.4 g/t gold and 187 g/t silver and
the inferred resources are 206,000 tonnes at 6.8 g/t gold and 155 g/t silver,
both at a 4 g/t cut-off grade. These estimates are slightly higher than
previously reported on May 22, 2007. All of the zones at Skukum Creek remain
open. Another 5,000 metre drilling program will be undertaken from the drill
cross-cuts driven as part of the current underground work program.
Mr. Robert Rodger, President of the Company, stated: "This resource
estimate for the Skukum Creek deposit provides a sound basis for the
Feasibility Study presently being prepared by Genivar."
The resource estimate was prepared by Douglas Roy, M.A.Sc., P.Eng, of
MineTech International Limited, a qualified person under NI 43-101.
The 43-101 compliant resource estimate report for the Rainbow Two and
Berg zones prepared by MineTech has been posted on Sedar.
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 km(2) Skukum Mineral District located 80 km
by road south of Whitehorse. The Skukum Mineral District hosts the Skukum
Creek gold-silver deposit and the Goddell Gully gold deposit, and has a
currently defined measured plus indicated resource of 1,420,000 tonnes grading
6.8 g/t Au and 131 g/t Ag (MineTech August 2007, available on Sedar); and the
Mt. Skukum gold deposit.
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
to receive Company news via email, please email firstname.lastname@example.org and
specify "TLG News" in the subject line.