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TAK Taku Gold Corp.

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Share Name Share Symbol Market Type
Taku Gold Corp. TSXV:TAK TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
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Taku Commences Drilling at Portland Property in Yukon

26/08/2011 1:00pm

Marketwired Canada


Taku Gold Corp. (the "Company") (TSX VENTURE:TAK) is pleased to announce that
the deep auger-type soil sampling stage of the 2011 exploration program is now
complete. In total 24,604 samples were collected on the Aussie-Melba, Bishop,
Burnham, Dan, Sulphur, Montana, Rosebute and Wounded Moose properties. Of these,
17,401 were collected at 50m sample intervals along ridge and spurs. This
preliminary sampling identified a number of prospective locations for gold
mineralization on the Bishop, Sulphur, Montana and Wounded Moose properties as
described in previous news releases. Follow-up grid sampling at 50m sample
stations on grid lines spaced 100m apart has now been completed on the
prospective areas of these properties. Grid sampling was also completed on the
Rosebute property over a prospective area identified in 2010 as described in
previous news releases. A total of 7,203 samples were collected on grid lines.
Complete results are pending for the gridded areas.


Taku has now moved into the second stage of the 2011 exploration program with
diamond drilling underway at the Portland property. The goal of the drill
program is to test the continuity of a gold-bearing structure first identified
historically as the Gold Run showing. Trenching in 2010 traced the structure
over a strike length of 250m on surface. Systematic chip sampling in the
trenches returned gold values across the structure up to 97.23gpt Au (uncut)
over 7.0m with a maximum value of 455.76gpt Au (Taku Press Release - December 7,
2010).


The results quoted above are based on analytical work completed at Acme
Analytical Laboratories Ltd. ("Acme") in Vancouver, British Columbia. Acme is
accredited under ISO 9001. Rock samples were prepared by crushing 1kg to 80%
passing -10 mesh and then pulverizing a 250g sub-sample to 85% passing -200
mesh. Rocks were analyzed for gold by 30g fire assay, ICP-ES finish. Over limit
(greater than 10gpt Au) samples were re-assayed by 30g fire assay, gravimetric
finish. Mark Fekete, P.Geo 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 content of this release.


"I am pleased to report that Taku has accomplished all of the milestones it set
at the beginning of the exploration season. This is due to the hard work and
determination of Taku's exploration team and I thank them for their
contribution. The commencement of the drill program at Portland begins a new
phase in the development of our Yukon assets. We look forward to continued
success," comments Zak Dingsdale, President.


On Behalf of the Board, 

Zachery Dingsdale, President and CEO

Follow Taku Gold On:



--  Facebook (http://www.facebook.com/pages/Taku-Gold-Corp/107297642654396) 
--  Twitter (http://twitter.com/takugoldcorp) 
--  YouTube Channel (http://www.youtube.com/user/TakuGold) 
--  Flickr (http://www.flickr.com/photos/takugold) 



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.


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