GOG Golden Tag Resources Ltd

Golden Tag Resources Ltd. (TSX VENTURE:GOG) ("Golden Tag") is pleased to report
the results from hole SD-11-46, the final hole of a 10,400 meter, Phase 5
surface exploration program on the San Diego Property, Durango State, Mexico.
The property is a 50/50 joint venture between Golden Tag and Golden Minerals
Company (NYSE Amex:AUMN)(TSX:AUM) headquartered in Golden, Colorado. 


Hole 46 was drilled 150 meters to the east of the newly discovered South
Corridor, host to the wide and strongly mineralized Trovador, Skarn and Lorenzo
zones, to test for a possible eastern extension to mineralization. It is
important that the results from this hole be viewed in conjunction with results
from all holes from this phase 5 program as outlined in the Company's news
releases of Nov. 15, 2011 and Dec. 12, 2011 available at www.goldentag.ca. Also
available at the Company's website are additional detailed results from hole 46
and an in-depth presentation on the San Diego project. Hole 46 has confirmed the
discovery of a new vein zone at shallow depths within the Central Corridor, the
C2 Zone, as well as confirming the extension of the Trovador, South Skarn and
Lorenzo zones within the Southern Corridor. Significant results from hole 46 are
presented below: 


Significant Results from Hole SD-11-46 :

 CENTRAL CORRIDOR



--  From 17.05 to 17.55 m: 0.5 m grading 1,510 g/t Ag, 0.30 %Pb, 0.40 %Zn,
    and 0.57 %Cu (Veta SS) 
--  from 49.35 to 52.02 m: 2.67m grading 519 g/t Ag, 1.50 %Pb and 1.89 %Zn
    (Veta SS) 
--  from 118.74 to 122.3 m: 3.56 m grading 177 g/t Ag, 1.48 %Pb and 1.47%Zn
    (Canta-Splay Vein) 
--  from 602.75 to 608.3 m: 5.55 m grading 77 g/t Ag, 1.53 %Pb and 2.20 %Zn
    (Montanez-FW) 
--  from 653.75 to 660.0 m: 6.25 m grading 56 g/t Ag, 1.13 %Pb and 1.62 Zn
    (Montanez-HW) 
--  from 724.4 to 733.20 m: 8.80 m grading 85g/t Ag, 2.71%Pb and 1.79 % Zn
    (Mid-Zone)



SOUTH CORRIDOR 



--  from 1009.65 to 1017.35 m: 7.70 m grading 183 g/t Ag, 3.79 %Pb, 4.57 %
    Zn and 0.75 g/t Au (Trovado-2) 
--  from 1055.50 to 1066.15 m: 10.65 m grading 178 g/t Ag, 2.27 %Pb, 5.54
    %Zn and 0.20 %Cu (Lorenzo-1) 
--  from 1076.45 to 1081.40 m: 4.95 m grading 64g/t Ag, 1.08 %Pb and 1.24
    %Zn (Lorenzo-1) 
--  from 1117.6 to 1120.7 m: 3.10 m grading 92 g/t Ag, 0.68 %Pb, 3.46 %Zn
    and 0.36 %Cu (Lorenzo-2) 
--  from 1173.10 to 1173.60 m: 0.5 m grading 310 g/t Ag, 1.54 %Pb, 4.86 %Zn
    and 1.86 %Cu (Un-named)



True widths are estimated to average between 50% to 65% of core length. The
results have been calculated using cut-off grades of $60 per tonne and $90 per
tonne, limits that may be applicable for either Bulk- or Selective-mining
situations. The intersections are calculated from multiple core samples as
length-weighted averages. The effect of changes in specific gravity (SG) between
samples has not been taken into account. SG measurements on retained core from
all intersections are currently being collected. 


In the upper 600 meters, hole 46 crossed the Central Corridor and encountered
typical high grade, narrow Pb-Zn-Ag-rich veins; similar to the Montanez, La
Rata, SD, and Cantarranas veins that have been featured in exploration results
along the Central Corridor during Phases 1 to 4. Below 600 meters, hole 46
encountered mineralization down to the end of hole and the limit of the drill
rig at 1,295.3 meters, traversing the targeted eastern extension of the South
Corridor. Mineralization in this area consists of massive sulphide lenses or
veins, surrounded by extensive networks of stringer and sheeted veins, and
hosted within highly silicified limestone, marble and skarn. The Trovador, South
Skarn and Lorenzo zones of the Southern Corridor have been identified and the
hole successfully confirms a strike-length for this Corridor of over 300 metres.
The zones remain open and offer considerable potential for further extension;
east, west and at depth. Mineralization in hole 46 becomes increasingly zinc-
and copper-rich at depth in apparent conformity with the general metal trends
observed throughout the Velardena District.


Summary of the Phase 5 Drilling Program on the San Diego Property 

In April 2011, JV partners GOG and AUM initiated a Phase 5 drilling program at
the San Diego project with the objective of expanding inferred mineral resources
and improving resource quality. The program was completed by the end of October
after completing 10,400 m of drilling in 12 drill holes. Several of the holes
were drilled to depths of between 1,000 to 1,300 m, the maximum depth limit of
the rigs. Two areas were tested during the program: 




--  A new area to the south of the property where altered limestones
    (Skarns) were identified in phase 4 (Hole -21A); and, 
--  the area of the Porvenir Vein in the Northeast.



The highlight of the Phase 5 program has been the discovery of a new mineralized
corridor lying along the southern side of the property and associated with a
large extension of the Trovador vein. Trovador is one of seven high-grade veins
outcropping at surface; the La Cruz, Rata, Montanez, Cantarranas, El Jal and
Porvenir Veins, where oxide and sulphide ores have been historically mined.
Although the Trovador vein is the most prominent outcropping vein with
historical mining over a strike-length of 500 m and to depths of 220 m, it was
always interpreted to pinch out at this 220-m depth. It has now been shown to
widen at depth and extend to depths of up to 1000 meters. It can be well
demonstrated that other principal high-grade surface veins also extend from
surface to considerable depths where they become wide and well mineralized,
steep structures within the Southern and Central Corridors. 


Phase 5, furthermore, has demonstrated that Trovador is contained within a broad
mineralized envelope, the Southern Corridor. This hosts two additional new high
grade structures, the South Skarn and Lorenzo zones, all within a voluminous,
lower grade area of sheeted stringer and vein networks. Phase 5 drilling has
followed the South Corridor over a strike-length of over 300 metres and over a
vertical extension of 800 m, from 200-m below the valley floor to a depth of
1,000 m. 


Drilling in the Porvenir sector has confirmed the extension of the narrow,
high-grade NE-trending El Jal and Arroyo veins to respective depths of 200 m and
300 m below surface. The veins contain silver values of over 1,000 g/t Ag with
up to 6 g/t Au. These bonanza-type grades occur at relatively shallow depths and
are in stark contrast to the deeper, very broad intervals of low-grade
mineralization typical of the Southern Corridor. 


Work in Progress: 

Over 1,000 infill samples have been taken to assess the potential of the
widespread mineralization associated with stringer and sheeted vein networks in
the Southern Corridor and also observed in the deeper parts of the Central
Corridor. Results from these samples are still largely unavailable. 


Quality Control: 

Mr. David Rigg, C.E.O. Golden Tag, P.Geo. and Kateri Marchand, Project Manager,
P.Geo are Qualified Persons under the definition of NI 43-101 and have reviewed
the technical accuracy of this press release. Assay samples are taken from
HQ/NQ/BQ size drill core cut in half with one half sent to a commercial
laboratory and other half retained for future reference. Unless where mentioned
otherwise, all assay results represent the core length and may not be
representative of the true width. A strict QA/QC program is followed which
includes mineralized standards and blanks for each batch of samples. Analyses
were performed by ALS Chemex accredited assay laboratories of Zacatecas (Mexico)
and Vancouver (Canada). All drill core, laboratory pulps and rejects are stored
on site. 


Golden Tag is a junior exploration company exploring for high-grade gold and
silver deposits at the San Diego silver project in Durango state, Mexico; the
Aquilon gold project in James Bay, Quebec; the Verneuil gold project in Quebec;
and the McCuaig gold project in Red Lake, Ontario. Golden Tag has 53,426,558
issued and outstanding shares and has no outstanding debt.


Abbreviations:  m - meters;  g/t Ag - grams silver per tonne; % Pb - percent
Lead;  % Zn -percent Zinc; g/t Au - grams gold per tonne.


Cautionary Statement: Mineral Resources that are not Mineral Reserves do not
have demonstrated economic viability.


Disclaimer: 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. We undertake no duty to
update any forward-looking statement to conform the statements to actual results
or changes in our expectations.

Grafico Azioni Golden Tag Resources (TSXV:GOG)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Golden Tag Resources (TSXV:GOG)
Storico
Da Giu 2023 a Giu 2024