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Company Information for Tagish Lake Gold Corp

Company stock charts - 12 Month chart

Exchange TSX.V; TLG


View full financial data

Company Statement

Tagish Lake Gold Corp. is a dynamic and well-funded gold and silver exploration company. With experience, commitment and focus, the Company is uniquely poised to take advantage of explosive growth at its Skukum Gold-Silver Mineral Property. The company's offices are in Richmond, BC.

Created on December 1, 2000 through the amalgamation of Omni Resources Inc. and Trumpeter Yukon Gold Inc., the Company is focused exclusively on the discovery, exploration, extraction and adding value to the gold and silver resources at its Skukum Gold-Silver Mineral Property, located 80 km SW of Whitehorse, Yukon Territory.

Tagish Lake Gold Corp. is committed to increasing shareholder value through sound financial management, focused exploration and the conversion of resources to reserves. The company has an experienced management team which has a long-term commitment to the exploration area, with sole focus on the Skukum Gold-Silver Mineral property. Tagish Lake Gold Corp. has an established infrastructure and has developed an ongoing and supportive relationship with both government and the community.

More than $20 million Cdn. has been invested to date by the property owners in the Skukum Gold-Silver Mineral Property, including the completion of a $2 million Cdn. diamond drilling program at the Skukum Creek and Goddell Gully deposits.


Current Operations

Skukum Gold
Skukum Creek is a high grade gold and silver deposit that the Company is moving to production. Results in the Rainbow and Kuhn zones have returned excellent results, demonstrating that the zones extended to depth. In addition, Tagish Lake Gold Corp. has extended the Ridge Access Drift and undertaken a 6,500 m drill program.

Skukum Creek Project Highlights

Numerous gold / silver zones identified in this advanced stage project

  • 800,000 tonnes of 6.78 g/t gold and 248 g/t silver (measured and indicated) in the Raindow, Kuhn and Ridge zones.
  • 90,000 tonnes of 6.53 g/t gold and 225 g/t silver (inferred).
  • Rainbow and Kuhn Zones strike lengths of 265 m and 200 m, extending 360 m and 350 m down dip from surface, average widths of 2.34 m and 1-10 m, respectively, both open to expansion in all directions.
  • The new Rainbow Two Zone has high-grade intercepts of gold and silver.
  • Kuhn Zone has intercepts of up to 33.1 g/t gold and 202.3 g/t silver over 8.6 meters.
  • Company is currently drilling the Rainbow Two and new Berg Zone.

Mt. Skukum: A prime target for the Company's expansion plans.
The Mt. Skukum Deposit is located ten (10) kilometers west of the mill site. The main two zones of interest are the Brandy and Lake Zones. While the Main Cirque (the principal mining area at Mt. Skukum up to 1988) has been traced for 1.5 km on surface, the Lake Zone consists of three sub-parallel steeply dipping veins and contains demonstrated resources of gold mineralization. The Brandy Zone occurs as a well defined, continuous zone of a narrow, high-grade stockwork of veins. As such, Tagish Lake Gold Corp. intends to aggressively maintain its exploration policy in the Mt. Skukum Deposit.

The Mt. Skukum Deposit Highlights
  • Resources of 109,000 tonnes at 13.40 g/t Au ( Mt. Skukum Gold Mines, 1988).
  • Main Cirque produced 77,790 oz. of gold between 1986-1988

Goddell Gully
Shown to be the richest gold area of the property to date.

The Goddell Gully Deposit is a fault controlled gold deposit located five (5) km to the east of the mill. Assay results and drill intercepts show exciting gold values. With the main P.D. Zone remaining open in all directions, Tagish Lake Gold Corp. intends to persue exploration of the Goddell Gully Deposit.

Goddell Gully Project Highlights
  • Indicated resources of 178,000 oz. gold accessible by adit.
  • Assay results of drilling show 9.01 m of 5 g/t gold within a longer intercept of 26.92 meters of 2.46 g/t gold.
  • Steeply dipping mineralized fault of controlled high grade gold extending over 6 km.


Geographical Spread

Yukon Territory, Canada The Mount Skukum Deposit (100%) The Skukum Creek Deposit (100%) The Goddell Deposit (100% subject to a 30% funded working interest) all contained in 987 contiguous mineral claims


Board of Directors and Key Management

T. Greg Hawkins, P. Geo (Chairman)
Robert J. Rodger, P. Eng (President)
Robert Charles Bryce, Ing. (Director)
Charles de Chezelles (Director)
Robert Chafee (Director)
Robert J. Rodger Technical Adviser and Director
Barry Way Manager of Exploration
Denis Lampron Chief Financial Officer

Company Address

2210-21331 Gordon Way
Richmond, British Columbia, Canada, V6W 1J9

Telephone:(604) 273-6477
Facsimile:(604) 273-6488
Email:info[at]tagishgold.com
Website:http://www.tagishgold.com

Capital

January 4, 2008: 123,217,124

Annual General Meeting

Vancouver, British Columbia

Year End

October 31

Major Shareholders

CM Exploration Services (T. Greg Hawkins)23%
Robert Chafee Resources Investment Trust22%

Related News

30/05/08 - It Would Be Ironic If The Russians Acquired Tagish Lake’s Gold Project In The Yukon
22/03/07 - Tagish Lake Waiting on Feasibility Study

Most Recent Statement

27/06/08 - Tagish Gets Waiver for $1.5 million loan until Aug 8
28/01/08 - Corporate Update
03/01/08 - Tagish raises C$400,000 in third tranche of previously announced flow-through private placement of units
17/12/07 - Tagish Reports on Additional Gold and Silver Values in the Rainbow Two Zone
14/12/07 - TAGISH UNDERTAKES NON-BROKERED PRIVATE PLACEMENT OF $500,000
12/12/07 - Tagish Reports on Gold and Silver Values in the Rainbow Two Zone

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