GOLDEN TAG RESOURCES LTD.
SUITE 114, 186 SUTTON PLACE, BEACONSFIELD, QC. H9W 5S3
PHONE : (514) 426-8542; FAX : (514) 426-8543
VANCOUVER STOCK EXCHANGE SYMBOL : "GOG"
NEWS RELEASE
DRILLING COMMENCES ON MACHO NORTH PROPERTY
JANUARY 17, 1997
Golden Tag Resources Ltd. is pleased to announce that it has commenced a 5 hole drill program on it's 100% owned Macho North property in Urban township, Quebec. The program follows the completion of a ground magnetometer and VLF survey over both the Macho North and South properties.
The Macho North property is located 6.5 km NNW of Murgor's Barry township gold discovery, at the juncture of east and southwest trending volcanic belts. There are over 24 gold occurrences which have been found within a 2 km radius of the property. A hole drilled in 1984 by another company, on this property, intersected 1.5 feet of 0.265 oz. gold per ton (opt gold) on coincident magnetic and VLF anomalies. The present geophysical survey has identified 9 coincident magnetic and VLF anomalies. The five drill holes will test the cause of these anomalies.
The Macho South property is located in Souart township, 7.5 km SW of the Murgor gold occurrence and 2.5 km south of the Oasis gold occurrence (500,000 tons at 0.2 opt gold). Two large regional magnetic anomalies, similar to those found at these discoveries, cut across the property. The present geophysical survey identified the location of both of these anomalies within the property. One of these magnetic anomalies is over 5 km long within the property. The survey also identified 28 VLF anomalies. The property remains untested by drilling.
For more information, please contact Marc A. Carrier, President at (514) 426-8542; Fax: (514) 426-8543.
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