Taku Gold Options 100% of Golden Predator’s Sonora Gulch Gold Project in Yukon’s White Gold District – Video Available on InvestmentPitch.com

Vancouver, British Columbia–(Newsfile Corp. – August 3, 2017) – Taku Gold (CSE: TAK) has signed an option agreement to acquire Golden Predator’s 100% interest in the Sonora Gulch Gold Property located in the southern part of Yukon’s White Gold District.

InvestmentPitch.com has produced a “video” which discusses this news. If this link is not enabled, please visit http://ift.tt/1h0J9Vw and enter “Taku Gold” in the search box. The video is also available on YouTube.

Cannot view this video? Visit:

The property includes 259 mineral claims (5,414 hectares) located approximately 110 kilometres northwest of the town of Carmacks along the winter access portion of the Casino Trail, which extends from Carmacks to the to the Casino project located northwest of Sonora. The property is located at the nexus of the White Gold District, which includes the Coffee and Golden Saddle gold deposits.

Prior to Golden Predator acquiring Sonora, extensive exploration was completed on the Property by Northern Tiger Resources Inc. from 2003 to 2011 including soil geochemical, geophysical, mapping and prospecting surveys, and 13,397 metres of drilling in 67 holes. This work identified numerous gold-bearing areas including the Amadeus, Night Music and Gold Vein Porphyry zones where gold mineralization was intersected by the diamond drilling.

In 2011, a National Instrument 43-101 Technical Report was filed on SEDAR by Northern Tiger recommending a 16,400 metre drill program on both structurally controlled gold-silver mineralization and bulk tonnage porphyry gold targets. No work has been completed on the Property since 2011.

Taku has already issued 4.5 million shares to Golden Predator. On the first anniversary of the closing, Taku will issue an additional 3.5 million shares, or $1.4 million in value based on a weighted average price. On the second anniversary, Taku will issue an additional 3 million shares, or $1.2 million in value based on a weighted average price.

Zak Dingsdale, President and CEO of Taku stated: “We are delighted to obtain the high quality Sonora Gulch Gold project. It has a substantial data base with numerous highly prospective gold targets that merit aggressive drilling. Moreover, Sonora is located at the intersection of the White Gold District and Dawson Range Mineral Belt, both of which are amid an exploration boom. Sonora is a great complement to Taku’s already large land package in the White Gold District.”

The shares are trading at $0.24 and with 14.2 million shares outstanding, the company is capitalized at $3.4 million.

For more information, please visit the company’s website www.takugold.com, contact Zak Dingsdale, President and CEO, at 905-269-0797 or email zak@takugold.com.

About InvestmentPitch Media

Investmentpitch Media leverages the power of video, which together with its extensive distribution, positions a company’s story ahead of the 1,000’s of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

InvestmentPitch Media
Barry Morgan, CFO

from Newsfile Corp News Releases http://ift.tt/2hr32PP


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s