Golden Tag Drills 75.89 g/t Ag.Eq over 274 m, Commencing Near Surface, and Confirms 500 m Vertical Extent Within the Newly Discovered 1849 Zone

Written By Matija Lipanovic

Toronto, Ontario, September 08, 2021: Golden Tag Resources Ltd. (“Golden Tag” or the "Company") (TSX.V: GOG) (OTCQB: GTAGF) is pleased to announce the complete results from diamond drillhole 21-57, part of an exploration program targeting bulk-tonnage mineralization on the Company’s 100% owned San Diego Project, located in Durango Mexico.

 Key highlights from hole 21-57 include:

  • Commencing ~ 30 m below surface, well before the target area, hole 21-57 intersected 75.89 g/t Ag.Eq over 273.65 metres (“m”), highlighting the opportunity for potential open pit mineralization directly above the Fernandez Zone.

  • Hole 21-57 intersected the 1849 Target area, located between historic hole 12-49 (184.34 g/t Ag.Eq over 42.03 m) and hole 07-18 (89.77 g/t Ag.Eq over 101.11 m), returning 116.76 g/t Ag.Eq over 66.04 m, within a broader interval of 91.86 g/t Ag.Eq over 134.37 m.

  • The 1849 Zone represents a new broad zone of mineralization with bulk tonnage potential with a vertical extent of 500 m and is open along strike and dip.

Greg McKenzie, President and CEO commented: "We are quite pleased to have made two new discoveries with drillhole 21-57. Drilling 274 m of silver-zinc-lead-gold mineralization, commencing right from surface and well above the planned drillhole target area demonstrates the potential of the San Diego Project. This new discovery sits directly over top of the NW contact of the Fernandez Zone and contains a broad interval of silver mineralization that will be tested for continuity and the potential for additional open pit style of mineralization. The second discovery was made within the 1849 Target area, which now becomes the 1849 Zone, located only 120 m NW of the Fernandez Zone.”

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

Matija Lipanovic
Previous

Golden Tag Receives Approval to Quadruple Number of Drill Pads on San Diego Project
Next

Golden Tag Completes Geological Interpretation Program, in Partnership with Orix Geoscience, On San Diego Project