Montreal, Quebec -Golden Tag Resources Ltd. (TSX-V:GOG) is pleased to report the commencement of surface diamond drilling on the San Diego property in Durango State, Mexico. Preliminary road construction has been completed (see Company news release of August 2, 2006)) and one surface diamond drill has been mobilized to site. The field program is supervised by joint venture partner ECU Silver Mining Inc. (“ECU”). The initial program of exploration on the property is planned to entail approximately 4,000 meters of drilling focused on testing at least three of the six known vein systems to expand known Resources on the property. The Company must expend a total of $US1.5 million in exploration expenses over three years in increments of US$500,000 per year to earn a 50% interest in the Property from ECU.
For additional information, please contact:
Golden Tag Resources Ltd.
Marc A. Carrier, President & CFO
Ph: (514) 426-8542
Fax: (514) 426-8543
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 www.sedar.com.
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 news release.