VANCOUVER, BRITISH COLUMBIA, Oct. 26, 2010 (Marketwire) -- Taku Gold Corp. (the "Company") (TSX VENTURE:TAK) is pleased to announce that it has expanded the Portland property to 75 claims (1553ha) by staking an additional 43 claims. The property is located at the headwaters Portland and Gold Run creeks approximately 45km southeast of Dawson City in the Klondike area of Yukon. Both creeks have produced placer gold historically and placer mining is still underway on Gold Run. The property is accessible by road from Dawson City.
Since acquiring the Portland property, Taku has completed an aggressive exploration program consisting of a 1000 - sample, deep auger-type, soil geochemical survey widely spaced over the entire property and mechanical trenching at the historical Gold Run showing (Yukon Minefile No. 115O 063). Six trenches were dug at 50m intervals along a strike length of 250m of a poorly exposed sulphide-bearing quartz-breccia vein that makes up the showing. A total of 29 samples were collected from the trenches for assay.
Soil sampling followed by mechanized trenching has proven to be an effective tool for defining drill targets in the White Gold district where outcrop exposure is generally very poor. This method led to discoveries at the Golden Saddle and Arc deposits on Kinross's White Gold property (Underworld press release Jan. 27, 2010) and the Supremo, Latte and Double Double zones on Kaminak's Coffee property (Kaminak press release Aug. 24, 2010).
"The Portland has quickly become one of Taku's more advanced properties in the area due to the previous work done on it," 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.
On Behalf of the Board, Taku Gold Corp.
Zachery Dingsdale, President and CEO
About Taku Gold Corp.
Taku Gold Corp. (http://www.takugold.com) is a mineral resource company focused on the exploration and development of precious metal properties in Canada with a particular emphasis on the White Gold District of the Yukon Territory and the Tagish Lake region of Northern British Columbia.
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Statements in this release that are forward-looking are subject to various risks and uncertainties as identified above and in the Company's periodic filings with the British Columbia Securities Commission and the U.S. Securities Exchange Commission. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not intend to update this information and disclaims any legal liability to the contrary.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Taku Gold Corp.
President and CEO
604.642.0115 or Toll Free: 866.345.0115