Taiga Increases Orchid Land-holdings, Provides Update on Saskatchewan Exploration Activities
Cranbrook, B.C., June 28th, 2018: Taiga Gold Corp (CSE: “TGC”) (the “Company”) has completed successful staking activity which significantly increases the Orchid property area, including important internal blocks which were previously unavailable to the Company. 2,786 ha of prospective ground was added recently and is owned 100% by Taiga. The total area of the Orchid property is now 8376 ha and carries no underlying royalties or encumbrances. Taiga recently completed a $760,000 financing and is now planning exploration programs targeting its 100%-owned Orchid, Leland and SAM projects in the area of SSR Mining’s Seabee Gold Operation, located 120km east of LaRonge, Saskatchewan. SSRM continues to explore Taiga’s Fisher property under option and currently has two drills on site to complete a Phase 1, 10,000m drill program. Approximately 8,000m have been drilled this year in 15 holes. Results will be reported as they are compiled and interpreted. A second, 8,000m program is planned to commence later this year following summer geological surface work, which is scheduled to commence immediately.
See Taiga project location map: here
About Taiga Gold Corp
Taiga Gold Corp was created through a plan of arrangement with Eagle Plains Resources Ltd. and owns 5 projects targeting gold in the area near the Seabee Gold Operation, owned and operated by SSR Mining Inc. (formerly Silver Standard Resources Inc.), (“SSRM”) (TSX: SSRM) (NASDAQ: SSRM). Taiga’s flagship “Fisher” property is currently being explored by SSRM under option from Taiga.
Taiga’s objective is to focus on the exploration and development of its gold projects located adjacent to the Seabee Gold Operation and along the Tabbernor Fault structure in eastern Saskatchewan, a highly-prospective mining jurisdiction which was recently recognized by the Fraser Institute as the second best place in the world in terms of Investment Attractiveness. Throughout the exploration and development process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices.
On behalf of the Board of Directors
“Tim J. Termuende”
President and CEO
Cautionary Note Regarding Forward-Looking Statements
Neither the 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. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.