VANCOUVER, BRITISH COLUMBIA–(May 26, 2015) – Taku Gold Corp. (“Taku” or the “Company”) (CSE:TAK) announces a non-brokered private placement up to $200,000. These funds will be raised by the Company issuing up to 4,000,000 non-flow-through units at a price of $0.05 per unit, each unit consisting of one common share and one share purchase warrant. One whole warrant will entitle the holder thereof to acquire one additional common share of the Company for a period of two years at a price of $0.10.
Finder’s fees may be payable on a portion of the private placement, in accordance with the policies of the Canadian Securities Exchange.
A portion of the net proceeds of the private placement will be used to further exploration on the Company’s TAG Gold Property in BC and Rosebute/Sulphur Properties in Yukon and for general working capital.
TAG Gold Property – Atlin Gold District – British Columbia, Canada
The TAG Gold Project follows a 6.2 km gold-bearing fault that has yielded gold and silver in 67 holes drilled to date. Benefiting from the coastal warming effects of the nearby Pacific, this project provides the company with the flexibility for exploration during the winter months.
Outfitted with a fully winterized camp and over 20 kilometres of drill roads, this project is located on Tagish Lake, allowing barging of equipment and supplies from the Yukon resulting in year-round low cost exploration.
The company plans to undertake a drill program to build on a resource calculation released in 2010.
|26 claims (2,429 ha)|
|Located 35 km due west of Atlin, BC on Taku Arm of Tagish lake|
|Winterized camp has been built on the property|
|Over 11,000 metres drilled to date|
|43-101 Initial Resource Calculation completed|
Rosebute/Sulphur – White Gold District – Yukon, Canada
The 694-claim (14,080-hectare) Rosebute property is located approximately 65 kilometres (“km”) due south of Dawson City. Taku has completed extensive exploration on Rosebute including 1,107km of airborne radiometric and magnetic geophysical surveys, 10,087 deep auger-type soil geochemical samples, 90 prospecting rock samples, 963 metres (“m”) of drilling in four holes, 1,341m of trenching in nine trenches, 7,885m of induced polarization and resistivity geophysical surveys on 19 lines, 680m of Geoprobe® bedrock geochemical sampling.
The Rosebute property offers one of the best exploration plays in the White Gold area. To date, no drilling has been completed on the HudBay or Southeast zones and only limited drilling has been done on the Nor’West zone. All three target areas are well-defined by geochemical and/or geophysical trends and are at the drill-ready stage.
Completion of the private placement is subject to the acceptance of the Canadian Securities Exchange.
On Behalf of the Board of Taku Gold Corp.,
Zachery Dingsdale, CEO and President
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.