Vancouver —Tagish Lake Gold (TLG-V) has completed rehabilitation and de-watering of the underground workings at Skukum Creek property 80 km south of Whitehorse Yukon and is gearing up to commence drilling early next week.
Skukum Creek is a structurally controlled, polymetallic gold-silver deposit hosted in Mid-Cretaceous granodiorites, quartz monzonites and granites of the Coast Plutonic Belt. Six mineralized zones have been identified on the property which occur in faults and/or shears associated with the northeast trending Berney Creek Fault. The two principal zones are Rainbow and Kuhn.
The 2,500-metre underground drill program is designed to extend the Rainbow zone laterally as well as to depth. The zone was previously outlined by surface and underground diamond drilling. It extends 265 metres along strike and 360 metres vertically. The deepest intercepts encountered in previous drill intercepts assayed as high as 49.2 grams gold and 528.7 grams silver per tonne over 10.7 metres.
The drill program is designed to allow Tagish Lake Gold to move closer to its objective of increasing the resource to a level necessary for a production decision.
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