VANCOUVER, BRITISH COLUMBIA, Nov. 10, 2010 (Marketwire) -- Taku Gold Corp. (the "Company") (TSX VENTURE:TAK) is pleased to announce that it has acquired an additional 213 claims by staking approximately 45km southeast of Dawson City in the White Gold District of Yukon. These claims were added onto an existing 12 claims staked earlier as part of the Sulphur property and to fill an area of open ground between the Sulphur property to the north and the Montana property to the south. Together with the original 12 claims, the recently staked claims form the 225-claim, 4658-hectare "Bishop" property.
In October 2010, Taku completed a 5-hole drill program on the original 12 Bishop claims in order to test a strong, southeast trending conductor on the margin of a magnetic high associated with unusual placer gold grains found in bedrock samples collected by mechanical auger drilling. The drilling intersected a zone marked by shearing, quartz veins, stockworks and breccias, and weak sulphide mineralization. The structure generally follows an ultramafic, metasediment contact. Assay results are pending for a number of core samples collected across the mineralized zone.
Sample results are also pending for a 1000-sample soil geochemical survey recently completed on Taku's Portland property as well as rock samples collected from six trenches dug with an excavator late in October. Results are also pending for approximately 2300 soil samples from the Dan property and approximately 5000 soil samples from the Rosebute property all collected in late September to mid-October. Finally, Taku is waiting for final maps from the airborne geophysical survey completed in September 2010 on the Dan, Rosebute, Quartz, Sulphur, Montana and Wounded Moose properties.
"We have had a very busy exploration season with 10600 soil samples, 5000 line kilometres of airborne geophysics, 700 metres of drilling, trenching, prospecting and sampling. We are looking forward to receiving these results from the lab, compiling them and planning for next year's exploration work. Taku has also been very aggressive on the acquisition side and now has one of the largest land packages in the White Gold District with nine properties covering over 59,000 hectares" commented 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 reviewing the technical aspects of this release.
On Behalf of the Board, Taku Gold Corp.
Zachery Dingsdale, CEO and President
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.
CEO and President
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