BRITISH COLUMBIA - TAGISH LAKE GOLD of Richmond, B.C., has announced plans to take exploration underground at its Skukum Creek gold-silver deposit. A contractor has been hired to extend the underground workings on the 1,300-metre level.
Extension of the underground workings will allow the company to define the resource in the high-grade Rainbow Two zone at Skukum Creek, and to explore the Ridge, Kuhn and Two zones located further in the mountain. It is expected that 5,000 metres of diamond drilling will be completed. Also part of the program, the company will complete certain engineering and environmental studies necessary to advance the project to feasibility.
Tagish Lake says that from the drilling last year, the Rainbow Two zone is shaping up into a significant high-grade zone, and the additional work is warranted to expand the resource. The prefeasibility study (see News Releases at www.TagishGold.com) put resources at 912,000 tonnes grading 5.64 g/t Au and 178 g/t Ag. A 900-tonnes/day operation is envisaged.
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