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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 Gold Corp.: Exploration Commences on Sulphur Project in Klondike Area of Yukon

31/05/2012 2:00pm

Marketwired Canada


Taku Gold Corp. (the "Company") (TSX VENTURE:TAK) is pleased to announce that
exploration has commenced on the 536-claim (11,344 hectare) Sulphur project
located in the Klondike Gold district of Yukon approximately 45 kilometres
southeast of Dawson City. Exploration will include drilling and surface
exploration work. The Sulphur property is held 100% by Taku Gold Corp. It
straddles Sulphur Creek where there are currently at least four active placer
mining operations. The 2012 exploration project will be operated from Taku's
Dominion Camp located approximately 10km from the property by truck. The Sulphur
Creek road provides good access to the property.


The property was acquired in 2010 and also in that year an airborne geophysical
survey was completed over the entire property. In 2011, reconnaissance ridge and
spur soil sampling identified seven geochemically anomalous zones that were
subsequently grid sampled at 50m sample intervals on lines spaced 100m apart.
This sampling identified five of the seven areas as prospective for gold
mineralization. Further detailed soil sampling was done over these five areas to
provide coverage at 50m sample intervals on lines spaced 500m apart. In total,
6,408 samples were collected in 2011 including reconnaissance and grid samples.
The five prospective gold-in-soil zones are summarized in the following table.




                           Max                                              
           UTM              Au  Length                        Metal         
Zone     mE(i)  UTM mN(i)  ppb       m     Trend             Assoc. Trenches
----------------------------------------------------------------------------
Lions  611,200  7,065,700  239   1,000 NW linear As, Ag very strong      1,2
Esks   611,300  7,060,300  123     500 NW linear        As, Ag weak         
Riders 601,100  7,068,800  576   1,400    E oval    Cu. Zn offset N      3,4
Blues  605,000  7,069,000  206     900 NW linear        As, Ag weak        5
Stamps 606,000  7,064,000  234 Cluster      None   As, Ag, Sb broad         
(i)WGS 84 Zone 7N                                                           



Mechanical trenching was done at three of the five zones. The trenching did not
reach solid bedrock due to a thick layer of overburden and deeply weathered
bedrock. The source rock of the gold geochemical anomalies is still uncertain.
Although quartz float is prevalent in the areas, no quartz veins have been
identified in place. Moreover, very few of the float quartz samples collected in
2011 returned anomalous gold results. Soil samples were collected from the walls
of the trenches at 5.0m intervals in an attempt to identify potential
gold-bearing zones. 


Most of the drilling in 2012 will focus on the Lions area which is located in
the northeast corner of the property. The area shows two linear, roughly
parallel, northwest trending anomalies. The first extends almost 1km and is up
to 400m wide and is the stronger of the two. The second anomaly lies 400m north
of the first and is over 600m long and up to 120m wide. The most striking
feature about the Lions area is that the gold trends are coincident with very
strong combined arsenic and silver anomalies.


Two trenches were done on the first gold trend. The first trench is
approximately 95m in length. Four float rock samples returned negligible gold
results. A 20m long section returned strong gold-in-soil values ranging from 132
to 201ppb Au. The second trench lies 200m northeast of the first and is
approximately 145m long. One of the two samples of quartz float taken from the
trench returned 108ppb. A 50m long section at the west end of the trench
returned gold-in-soil values ranging from 114 to 633ppb Au. A 35m long section
at the east end of the trench returned gold-in-soil values ranging from 113 to
234ppb Au.


Limited drilling is also planned for the Stamps area which shows an oval-shaped
gold-in-soil anomaly approximately 1,400m long with a maximum value of 576ppb
Au. Two trenches were dug at the eastern end of this gold trend. In the first
130m long trench, a 25m long section returned values ranging from 104 to 338ppb
Au. Six float rock samples taken from this trench returned negligible gold
values. In the second 100m long trench, located roughly 300m east of the first,
a 25m long section returned four anomalous values ranging from 154 to 386ppb Au
out of the six samples taken. Eight float rock samples taken from this trench
returned negligible gold results.


Finally, limited drilling is also planned for the Blues area where the soil
geochemical sampling defined a northwest-trending, 900m long, linear
gold-in-soil anomaly with gold values up to 206ppb. A 45m long trench was done
at the far northwestern corner of the anomaly. Six out of the 10 samples
collected in the trench returned anomalous values ranging from 70 to 270ppb Au.
Five float rock samples were taken from this trench. Two of the samples,
consisting of rusty orange gneiss, returned strong values of 511 to 1,015ppb Au.
These are the best rock sample results obtained by Taku on the Sulphur project
to date.


Investors are invited to visit www.takugold.com to view updated maps for the
Sulphur Project.


All analytical results mentioned in this release were determined by Acme
Analytical Laboratories Ltd. ("Acme") in Vancouver, British Columbia. Acme is
accredited under ISO 9001. Soil samples were prepared by drying and sieving 100g
to -80 mesh, and then analyzed for 36 elements (including gold) by 15 gram Aqua
Regia digestion, ICP-MS finish. Rock samples were prepared by crushing 1kg to
80% passing -10 mesh and then pulverizing a 250g sub-sample to 85% passing -200
mesh. Each sub-sample was analyzed for gold by 30g fire assay, ICP-ES finish.
Taku follows an independently designed and monitored QAQC program considered
suitable and effective for the type of sampling conducted.


Mark Fekete, P.Geo, a Director of Taku, is the designated "qualified person" as
defined in Section 1.1 in and for the purposes of National Instrument 43-101
that reviewed and approved the technical content of this release.


On Behalf of the Board,

Taku Gold Corp.

Zachery Dingsdale, CEO and President

Follow Taku Gold On:

Facebook: http://www.facebook.com/takugold 

Twitter: http://twitter.com/takugoldcorp 

YouTube: 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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