VANCOUVER STOCK EXCHANGE SYMBOL : "GOG"
SHARES ISSUED : 7.4 MILLION
NEWS RELEASE
MARCH 19, 1998
DRILLING COMMENCES ON McCUAIG PROPERTY IN RED LAKE, ONT.
Golden Tag Resources Ltd. (the "Company"), (GOG:VSE), is pleased to announce that Rubicon Minerals Corporation (RMX:VSE) has informed the Company that drilling has commenced on the Company's McCuaig Property, Dome Township, Red Lake, Ontario. Two holes are planned with the first hole having a planned depth of 350 m targeting a magnetic high and an interpolated shear zone and geochemical target.
The property consists of 10 claim units that are contiguous to the former McKenzie Red Lake Mine property to the south, Goldcorp land holdings to the east and Rubicon's Red Lake property to the west. The claims are situated within the Cochenour-Gull Rock Deformation zone, host to the currently producing Campbell and Red Lake Mines. To date, mines situated on this trend have cumulatively produced over 13 million ounces of gold. As announced in the Company's news release of December 23, 1997, Rubicon is earning a 50% interest in the property and is the operator.
For more information please contact Marc A. Carrier, President, Golden Tag Resources, at Tel : (514) 426-8542; Fax: (514) 426-8543; EMail: [email protected] Internet: http://www.goldentag.tag OR David Adamson or Michael Gray of Rubicon Mincrals at (604)623-3333.
On behalf of the Board of Directors, Marc A Carrier, President
The Vancouver Stock Exchange has neither approved nor disapproved the content of this release.
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