Golden Tag Resources Ltd. (TSX VENTURE:GOG) is pleased to provide additional
results from its 5,500 meters drill program on the San Diego Property, Durango
State, Mexico. Hole SD-12-50A, the fourth hole of the current phase 6 program
confirms continuous mineralization over very significant widths in association
with mineralized diorite ("endoskarn"). Further drilling will be needed to
establish the exact geometry of this new zone. Additional positive results from
other holes of the program were presented in the Company's news release of
September 24, 2012. 


Highlights from hole SD-12-50A are:



From (m)            Width                                              Ag.EQ
           To (m)     (m) Au (g/t) Ag (g/t)  Pb (%)  Zn (%)  Cu (%)    (g/t)
----------------------------------------------------------------------------
702.5       943.9   241.4     0.12       63    0.75    1.54    0.14      143
includes                                                                    
----------                                                                  
743.6       801.0    57.5     0.23       97    1.04    1.81    0.17      200
                                                                            
907.9       937.2    29.4     0.15       97    1.20    3.36    0.25      248
918.1       937.2    19.2     0.22      120    1.59    4.44    0.28      316



(i)Ag Equivalent (Ag.EQ) Calculation uses US$ commodity prices based on a three
year moving average of: $1300/oz .Au; $24.50/oz. Ag; $0.90/lb Zn; $0.95/lb Pb;
$3.25/lb Cu applying 100% recovery of all metals. All reported lengths are core
lengths. t=metric tons; T=short ton. 


Hole 50A is a 100 metre step-out from hole SD-12-49 and was aimed at testing for
the north-eastern extension of the polymetallic stringer-stockwork
mineralization in endoskarn intersected in hole 49, which returned 240.9 m
grading 148 g/t Ag.EQ with 63 g/t Ag, 0.77 Pb, 1.59% Zn and 0.20% Cu (790 feet
grading 4.3 oz/T Ag.EQ) from 755 to 996 metres. 


Assay results to date for hole 12-50A have been received only to a depth of
944m. Additional assay results for the mineralized interval from 944 m to 1,049
m are expected later this month together with assay results from Hole 50W, a
wedge cut from Hole 50A, which crosses the new discovery midway between holes 49
and 50A. 


The results of hole 50A provide additional support for a potential Bulk Mining
model for the deposit at San Diego. 


The property is a 50/50 joint venture between Golden Tag and Golden Minerals
Company (NYSE Amex:AUMN)(TSX:AUM). In March 2012, Golden Tag signed a revised
option agreement with AUM whereby it can earn up an additional 10% interest in
the property by incurring $3 million of exploration expenses (see News Release:
March 28, 2012).


Quality Control

Mr. David Rigg, C.E.O. Golden Tag, P.Geo. and Ms. Kateri Marchand, P.Geo, San
Diego Project Manager; both Qualified Person's under the definition of NI
43-101, have supervised the work program and have reviewed the technical
accuracy of this press release. 


Assay samples are taken from HQ/NQ size drill core cut in half with one half
sent to a commercial laboratory and other half retained for future reference. A
strict QA/QC program is followed which includes mineralized standards and blanks
for each batch of samples. Analyses were performed by ALS Global accredited
assay laboratories of Zacatecas (Mexico) and Vancouver (Canada). All drill core,
laboratory pulps and rejects are stored on site.


Golden Tag Resources

Golden Tag is focused on exploration for high-grade gold and silver deposits in
Canada and Mexico. Exploration projects are being advanced on the San Diego
silver project in Durango State, Mexico; the Aquilon gold project in James Bay,
Quebec and the Verneuil gold project in Quebec. Golden Tag also has interests in
the McCuaig gold project in Red Lake, Ontario. Golden Tag has 53,426,558 issued
and outstanding shares and has no outstanding debt.


Cautionary Statement: Mineral Resources that are not Mineral Reserves do not
have demonstrated economic viability. Statements in the release that are
"forward looking statements" are based on current expectations and assumptions
that are subject to risks and uncertainties. Actual results could differ
materially. For a discussion of the risk factors that are inherent in our
business see our public filings at www.sedar.com.


To view the accompanying diagram please click to the following link:
http://media3.marketwire.com/docs/NR-2012-Diagram-GOG-Phase-6-Drill-Program.pdf


Golden Tag Resources (TSXV:GOG)
Gráfica de Acción Histórica
De May 2024 a Jun 2024 Haga Click aquí para más Gráficas Golden Tag Resources.
Golden Tag Resources (TSXV:GOG)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024 Haga Click aquí para más Gráficas Golden Tag Resources.