TAC Gold Corp.: Drilling Announced for Bellville Project, Nevada
December 05, 2011 at 12:10 PM EST
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/05/11 -- TAC Gold Corp. (CNSX: TCG) (the "Company "or "TAC"), a Vancouver based gold exploration company and its joint venture partner All American Gold Corp. (OTCBB: AAGC) is pleased to announce the commencement of a scheduled work program on the Bellville property located in Mineral County, Nevada.
This second phase drill program will consist of reverse circulation drill holes averaging 600 feet (180 metres) in depth for a total of up to 2,400 feet (732 metres). The target is an east-northeast trending IP anomaly which occurs under wind-blown sand and other pediment cover. The anomaly has been interpreted as a possible major shear zone which could host gold/silver mineralization similar to two mineralized faults found elsewhere on the property.
Drilling will be done using a reverse circulation (RC) drilling rig with continuous sampling on five foot intervals. After the addition of blanks and standards the samples will be shipped to ALS Chemex in Reno, Nevada for analysis. Drilling is expected to be completed by the end of the year.
Richard Kern, M.S., (P.Geo and SME member) of Reno, Nevada, is the Company's qualified person on the project as required under NI 43-101 and has reviewed the technical information contained in this press release.
This press release includes "forward-looking statements" including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of TAC Gold Corp. Statements regarding future fund raising and completion of acquisitions are subject to all of the risks and uncertainties normally incident with the raising of capital and completing corporate transactions including, but are not limited to, financing risks, inflation and costs of goods and services, property title issues and regulatory approvals. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward looking statements. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. TAC Gold Corp. does not assume the obligation to update any forward-looking statement, except as required by applicable law.