Taku Gold Corp Penny Stock Watch
Taku Gold Corp. is a resource and exploration company in the Yukon region of North Canada with considerable holding. It has become among the biggest White Gold District stakeholders, which is home to many important gold finds and is fast rising as the centre of the latest Yukon Gold Rush. Other than the properties at White Gold, Taku Gold is also finding poignant results in its TAG Gold-Silver Project. TAG project is situated in northern British Columbia and has a 6.2 kilometer fault with gold that has actually yielded silver and gold in 67 holes drilled till now.
Assets of White Gold Yukon
Taku Gold has 9 properties of 76,238 hectares and is presently among the biggest White Gold District’s stakeholders. Some of them are close to the properties of Kinross that have shown large resources. This region also has structures and rock types similar to the nearby discoveries by Kinross. Taku has already done a multi-sensor, high resolution, geophysical airborne survey on six of its properties.
Taku has also finished geochemical deep-auger surveys of 3 Properties and all of them show ongoing major production of placer gold. They have performed a limited diamond drilling and mechanical trenching curriculum on their White Gold Properties.
It has 27 kilometers of well-defined, potential, fault system in the linear thrust of the northern expansion of the gold-bearing drift on the property of JP Ross situated 5km southwest. 2316 soil samples were obtained from the Dan property. They were obtained from the key grid and three minor grids at 50 meter sample intervals on rows separated by about 100 meter airborne geophysical readings of 1091 line kilometers were also collected. Sampling of soil focused on the northwest section of the territory where as per the airborne magnetic data the thrust fault structure looks more composite. Geochemical results of the soil were usually low with two important results of 212ppbAu and 115ppb. These values are of the thrust fault as shown by the magnetic airborne data; soil sampling did not classify gold-in-soil trends.
5158 samples of soil were collected from the two grids on the Rosebute property. They were based on 50 meters sample intervals spaced at a distance of about 100 meters. Airborne geophysical readings of 1107 line kilometers were also collected. The first grid situated in the northwestern section of the area. Outstanding geochemical results were obtained from the inconsistent region of about 550ha. There are 3 distinct, linear anomalies in the east trending of this region. The first one is well defined on 2200 meters and displays maximum value of up to 201ppb Au. Another well defined anomaly is 400 meters long and displays maximum value of up to 84ppb Au. The last anomaly is sporadically defined over 1100 meters and confirms a maximum value of about 155ppbAu. All the three east trending geochemical characteristics look like crosscutting the local geological fabric which as shown by the magnetic airborne data are typically northwesterly. The subsequent grid which covers an area of 1500ha and lies in the heart of the land offered just small anomalous values.
To put in short an excellent anomalous gold zone area has been documented in the northwest section of the Rosebute property. This 550 ha has three well marked linear gold trends. Soil sampling in the heart of the property gave many spot anomalies but in general has less potential for gold mineralization. Almost 60% of the property has not been placed under soil sampling work during 2010 and has to still be tested.
This lies in the southeast trending ridge where noteworthy placer gold is available and it is ongoing. In 2010 the company did a radiometric geophysical and a high-definition, airborne magnetic survey in this region.
Quartz Creek is included in this property which has considerable amount of placer gold which continues to be mined. In 2010mid-September a 340 line km airborne geophysical and soil geochemical, deep auger-type, 901-sample survey was done on the 3022ha, 146 claim Quartz property. Preliminary sampling of soil was conducted at 50m intervals on lines separated by 450 meters. Nevertheless a group of 7 anomalous gold regions in the soil have been found in the northwest corner with a highest 24ppm Au value. This group is at the southern periphery of a strongly magnetic region seen through the geophysical airborne survey.
Montana links to Kinross a property of JP Ross that houses the lower edge of the Steele Fork; where as shown by the restricted geological mapping and magnetic data is a thrust fault with likely gold mineralization.
In 2010 Taku worked on a complete high-definition, radiometric geophysical and airborne magnetic survey of the property demarcating a southeast trending magnetic structure which is situated to parallel to Steele Creek. 2010 Cursory prospecting shows that magnetic signature can be because of the thrust fault obvious by rich breccias and quartz veins down the Steele Creek. Placer gold found here could be due to the fault in the thrust.
Wounded Moose Assets
This is over a number of spherical airborne magnetic highs which is parallel to the Wounded Moose Creek. Production of placer gold has been documented here.
This comprises of the headwaters of Melba Creek and Australia where the production of placer gold has taken place. It also has a top airborne magnetic low which goes on from the Gold Run Creek, the most fruitful Klondike goldfields creeks.
This envelops a chronological showing and has samples of almost 5.7 ounces per ton gold and is called the Gold Run. It was revealed in 1910 and includes widespread hand trenching, around 30 meters of shafting and 23 meters of adits. The work here has been in several hundred meters of an uncovered vein with sulphide-bearing quartz-breccia located on the crest of the ridge. The trending is the North West into the Portland Creek headwaters.
This is made up of a big region where work was done by the precious property retailers Vern Matkovich and Tom Morgan. It outlined a well-built, south east trending medium on the edge of a magnetic high. To test for placer gold auger drilling was done mechanically by the property retailers and they located atypical gold grains in the collected bedrock samples from all over the geophysical anomaly. Theses grains are dark yellow, angular and frequently fastened to fragments of quartz.
This is a 35 kilometer long contiguous block which covers the headwaters of Jensen Creeks, Australia, Rob Roy, Melba, Arkansas, Burnham, and Kentucky. All the creeks are tributaries of the Dominion Creek where considerable placer gold concentration has been documented from the 1898 Klondike Gold Rush.