Golden Tag Results Extend Zone in SD-12-50A to 362.6 Meters Grading 135 g/t Ag.EQ(i) and SD-12-50W Confirms Continuity in Dis...
2012年11月26日 - 10:18PM
Marketwired Canada
Golden Tag Resources Ltd. (TSX VENTURE:GOG) is pleased to provide additional
results from the recently completed 5,500 metre program of diamond drilling on
the San Diego Property, Durango State, Mexico. New assay results are now
available for SD-12-50A, from 944 metres to 1049.10 metres (EOH.); and, for
SD-12-50W, a wedge-cut from -50A. Hole -50W is the fifth and final hole of the
current program. All five holes confirm strong continuity to Silver-, Lead- and
Zinc-rich mineralization within a broad zone of stockwork veining and alteration
along the Southeast Contact of the Central Diorite Intrusion. Mineralization
remains open for further extension and additional drilling will be needed to
establish the exact geometry of this new zone.
Hole SD-12-50A and 50 :
Highlights for -50A have been finalized as follows:
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Hole From To Length Au Ag Pb Zn Cu AgEQ.(i)
SD-12-50A (m) (m) (m) g/t g/t % % % g/t
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La Cruz Vein 23.30 27.80 4.50 0.38 346 0.88 1.70 0.103 444
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ENDOSKARN 686.50 1049.10 362.60 0.1 59 0.68 1.43 0.16 135
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Highlight 743.55 991.00 247.45 0.13 66 0.75 1.70 0.166 154
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incl. 743.55 801.00 57.45 0.23 97 1.04 1.81 0.168 200
incl. 837.50 855.50 18.00 0.24 71 1.29 2.35 0.161 195
incl. 907.85 953.25 45.40 0.18 86 0.99 2.81 0.238 218
with 918.05 937.20 19.15 0.22 120 1.59 4.44 0.278 316
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incl. 991.00 1049.10 58.10 0.03 43 0.45 1.15 0.186 104
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EOH at 1049.10 m
Results to 944 meters were reported in a News Release on September 24th, 2012.
The return of assays from 944 to the end of hole (EOH) at 1049.1 meters shows
that mineralization occurs over a core length of 362.6 meters from 686.50 to
1049.1 metres.
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Hole From To Length Au Ag Pb Zn Cu AgEQ.(i)
SD-12-50 (m) (m) (m) g/t g/t % % % g/t
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La Cruz Vein 17.40 22.00 4.60 0.45 517 0.62 1.55 0.045 602
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EOH at 27.75 m - Hole 12-50 abandoned due to excessive hole deviation
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Hole SD-12-50W :
Results for hole -50W, include:
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Hole From To Length Au Ag Pb Zn Cu AgEQ.(i)
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SD-12-50W (m) (m) (m) g/t g/t % % % g/t
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Stringer Zones 695.55 761.30 65.75 0.18 29 0.46 0.40 0.084 64
incl. 695.55 707.50 11.95 0.07 51 0.80 0.45 0.095 98
incl. 715.65 729.80 14.15 0.07 28 0.55 0.57 0.085 69
incl. 729.80 761.30 31.50 0.12 23 0.34 0.37 0.085 56
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ENDOSKARN 761.30 971.45 210.15 0.04 50 0.53 1.18 0.15 112
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incl. 761.30 787.45 26.15 0.09 47 0.57 0.85 0.16 104
incl. 787.45 818.75 31.30 0.05 31 0.36 0.53 0.09 66
--------------------------------------------------------------
Highlight 818.75 971.45 152.70 0.03 55 0.55 1.37 0.16 122
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incl. 818.75 868.75 50.00 0.04 82 0.82 1.44 0.134 157
incl. 868.75 884.65 15.90 0.03 26 0.23 0.56 0.08 56
incl. 884.65 971.45 86.80 0.03 44 0.46 1.48 0.19 114
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Hole SD-12-50W terminated at 1152.0 m.
Note:1/(i)Ag Equivalent (Ag.EQ) Calculation uses US$commodity prices of:
$1300/oz .Au; $24.50/oz. Ag; $0.90/lb Zn; $0.95/lb Pb; $3.25/lb Cu applying
100% recovery of all metals. All reported lengths are core lengths in
meters. T = short ton; t = metric tonne.
2/ Cut off limits (& Minimum Mining Width): Selective Vein 93 g/t Ag (1.0
m); Long hole narrow 76 g/t Ag (2.50m); Bulk 60 g/t Ag (5.0m).
SD-12-50W confirms the continuity of mineralization between holes SD-12-50A and
SD-12-49. Hole locations for Phase 6 are shown in Figure 1. The Company is
planning to issue a news release in the very near future providing an overall
review of the Phase 6 program.
The property is a 50/50 joint venture between Golden Tag and Golden Minerals
Company (NYSE Amex:AUMN)(TSX:AUM). In March 2012, Golden Tag signed a revised
option agreement with AUM whereby it can earn up an additional 10% interest in
the property by incurring $3 million of exploration expenses (see News Release:
March 28, 2012). Golden tag has funded the Phase 6 program on the San Diego
Property as part of this work commitment.
Quality Control
Mr. David Rigg, C.E.O. Golden Tag, P.Geo. and Ms. Kateri Marchand, P.Geo, San
Diego Project Manager; both Qualified Person's under the definition of NI
43-101, have supervised the work program and have reviewed the technical
accuracy of this press release.
Assay samples are taken from HQ/NQ size drill core cut in half with one half
sent to a commercial laboratory and other half retained for future reference. A
strict QA/QC program is followed which includes mineralized standards and blanks
for each batch of samples. Analyses were performed by ALS Chemex accredited
assay laboratories of Zacatecas (Mexico) and Vancouver (Canada). All drill core,
laboratory pulps and rejects are stored on site.
Golden Tag Resources
Golden Tag is focused on exploration for high-grade gold and silver deposits in
Canada and Mexico. Exploration projects are being advanced on the San Diego
silver project in Durango State, Mexico; the Aquilon gold project in James Bay,
Quebec and the Verneuil gold project in Quebec. Golden Tag also has interests in
the McCuaig gold project in Red Lake, Ontario. Golden Tag has 53,426,558 issued
and outstanding shares and has no outstanding debt.
Cautionary Statement: Mineral Resources that are not Mineral Reserves do not
have demonstrated economic viability. Statements in the release that are
"forward looking statements" are based on current expectations and assumptions
that are subject to risks and uncertainties. Actual results could differ
materially. For a discussion of the risk factors that are inherent in our
business see our public filings at www.sedar.com.
To view the accompanying figure please click to the following link:
http://media3.marketwire.com/docs/Phase-6-Drill-Hole-Location.pdf
FOR FURTHER INFORMATION PLEASE CONTACT:
Golden Tag Resources Ltd.
Marc A. Carrier
President and C.F.O.
(514) 426-8542
(514) 426-8543 (FAX)
pres@goldentag.ca
www.goldentag.ca
Golden Tag Resources (TSXV:GOG)
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