Golden Tag Confirms Refiling of the Technical Report on the San Diego Project, Velardena Mining District, Durango State, Mexico
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwired) -- 06/12/15 -- Golden Tag Resources Ltd. (TSX VENTURE: GOG) is pleased to report, as per the Company's May 28th, 2015 news release, that it has filed an amended Technical Report on the Updated Resource Estimate for the San Diego Deposit undertaken in 2013. A summary of the Resource Estimate is presented in Table 1. The Resource estimate and conclusions of the report have not changed from the original report or news releases on February 26, 2013; March 4, 2013 and April 23, 2013. For further details and information please refer to the amended report titled: "NI 43-101 Technical Report: Updated Mineral Resource Estimate San Diego Project, Velardena Mining District, Durango State, Mexico", which is available at and at Golden Tag's Web site at .
Cautionary Statement: Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
The Resource Study was undertaken by SGS Canada Inc - SGS Geostat Group ("SGS") with Indicated Resources and Inferred Resources estimated and classified using CIM Standards and a block modeling interpolation with geo-statistical analysis. SGS recognizes that there are areas within the 23 modelled structures, and as extensions to these structures, which require additional drilling to meet the Resource criteria applied in their evaluation. These additional targets with further exploration drilling may provide additional tonnage of 20 to 50 million tonnes grading 100 to 150 g/t AgEQ. This stated range of quantity and grade is conceptual in nature and there has been insufficient exploration to define a mineral resource. It is uncertain if further exploration will result in these target areas being delineated as a mineral resource.
The San Diego Property is a 50-50 joint venture between Golden Tag and Golden Minerals Company (NYSE MKT: AUMN)(TSX: AUM). Golden Tag is the operator and has an option to increase its' interest to 60% by funding additional exploration on the property.
Qualified Persons:
The Resource Estimate for the San Diego property was undertaken by SGS Canada Inc- SGS Geostat Group under the management and supervision of M. Claude Duplessis, Ing., Ms. Kateri Marchand, P.Geo., M. Guy Desharnais Ph.D, P.Geo. and M. Gilbert Rousseau, Ing., Independent Qualified Persons (QP) in accordance with NI 43-101.
David Rigg, P.Geo and CEO of Golden Tag, Qualified Person (QP) in accordance with NI 43-101, has prepared this press release. MM. Duplessis, Marchand, Desharnais and Rousseau have read and approved the content of this press release as it pertains to the disclosed mineral resource estimate.
Cautionary Statement: 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 the Mining Industry see our public filings at .
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Golden Tag Resources
Marc A. Carrier
President and C.F.O.
(514) 426-8542
(514) 426-8543 (FAX)
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Datum: 12.06.2015 - 22:01 Uhr
Sprache: Deutsch
News-ID 400176
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MONTREAL, QUEBEC
Kategorie:
Mining & Metals
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