News: Takara starts summer exploration at TassawinTakara starts summer exploration at Tassawini
Ticker Symbol: C:TKK
Takara starts summer exploration at Tassawini
Takara Resources Inc (2)(C:TKK)
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Last Close8/16/2010
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Tuesday August 17 2010 - News Release
Ms. Jennifer Boyle reports
TAKARA APPROVES EXPLORATION PROGRAM FOR TASSAWINI GOLD PROJECT LANDS, GUYANA,SOUTH AMERICA
Takara Resources Inc. has commenced asummer exploration program on six untested gold-in soil anomalies in theimmediate vicinity of the Tassawini Gold Project in NW Guyana. Thisprogram is being undertaken in preparation for an extensive coredrilling program with the goal of expanding the existing NI 43-101compliant resource at Tassawini. The 15-person crew is now on site atthe Tassawini camp and it is anticipated that the program will last 5weeks.
"The goal for 2010 is to validate and assessthe potential to add more ounces from the outer six gold geochemistrytargets, which are within 5 km of our known Tassawini Resource" saidJennifer Boyle, President and CEO of Takara. "We are incorporating theuse of lightweight auger (Trado) drills to sample to depths of 6-8m insaprolite that will confirm these anomalies for the next phase of drilltesting."
Experienced crews are drilling targetedanomalies with the lightweight auger to verify and collect samples onselected lines of investigation, in order to compliment and enhancegeological and structural mapping, coupled with reconnaissance panconcentrate studies on the outer targets to verify all past datasets.The program has built-in flexibility for the geological and drillingcrews to follow up on new trends discovered in the field.
Thisexploration program is running in parallel to the current EconomicAssessment that is being completed by Scott Wilson Roscoe PostleAssociates Inc. (Scott Wilson RPA) scheduled for completion for October2010 (see Takara news release dated June 18, 2010).
Previouswork on the Tassawini Gold Project has permitted definition of a 43-101compliant mineral resource at the Tassawini and Sonne depositscontaining an Indicated Resource of 10,766,000 tonnes @ 1.3 grams goldper tonne ("g/t) Au/t for 437,000 ounces gold and an Inferred Resourceof 1,926,999 tonnes @ 1.0 g Au/t for 62,000 ounces gold (using a 0.5 g/tgold cut-off) that was authored by SRK Consulting (Canada) Inc. (seeTakara news release dated March 18, 2010, and the report filed on SEDARunder Takara's profile at www.sedar.com.
About the Tassawini Property
Theproperty is situated in the Barima-Waini District of NorthwesternGuyana approximately 170 km northwest of the national capital,Georgetown. The Tassawini Prospecting Licence (PL), which includes theTassawini and Sonne deposits, covers approximately 4,814 ha andencompasses four Mining Permits (MP), covering a total area of 1,381 ha,which make up the property. The adjacent Anaturi PL, which also is thefocus of reconnaissance prospecting and geology by Takara, provides anadditional 4,836 ha of proximal, prospective ground in this area.
Since2004, a total of $26.3 million in exploration expenditures have beenincurred on the Tassawini Gold Project, an advanced stage goldexploration project that produced over 11,000 ounces between 1907 and1914. Tassawini has a 120-person modern camp and is accessible by airand commercial barge throughout the year.
Brent C.Jellicoe, P.Geo., a Geological Consultant for Takara, is a ProfessionalGeoscientist in the Province of Saskatchewan. He is Takara's QualifiedPerson for the Guyana gold projects and is responsible for theverification and quality assurance of analytical results, and technicalcontent of Takara's disclosures.
2010 Canjex Publishing Ltd.