Golden Tag Intersects 286.02 g/t Ag.Eq Over 18.43 m and Identifies Mineralized Skarn Shoots 265 m above Fernandez Zone

Written By Matija Lipanovic

Toronto, Ontario, May 6, 2021: Golden Tag Resources Ltd. (“Golden Tag” or the "Company") (TSX.V: GOG) (OTCQB: GTAGF) has successfully discovered shoots of skarn mineralization commencing approximately 265 metres (‘m’) above the Fernandez Zone up-dip, towards surface on the Company’s 100% owned San Diego Project, located in Durango Mexico.

 Key highlights include:

  • Hole 21-54 intersected 286.02 g/t Ag.Eq over 18.43 m, within a broader skarn zone of 91.98 g/t Ag.Eq over 99.53 m.

  • Mineralization in hole 21-54 is located approximately 190 m above the current Fernandez Zone resource envelope, and 150 m above hole 21-53 which intersected 104.64 g/t Ag.Eq over 50.17 m (reported April 2021).

  • Hole 21-55 intersected 84.54 g/t Ag.Eq over 25.55 m of skarn mineralization, including two intervals of 94.31 g/t Ag.Eq over 9.1 m and 99.97 g/t Ag.Eq over 10.9 m approximately 35 m to the south of and 265 m above the Fernandez zone.

  • Drill results, in conjunction with results from previous drilling, have identified the existence of potential shoots of skarn mineralization commencing approximately 265 m above the Fernandez Zone, which could connect or be parallel to the western edge of Fernandez.

Greg McKenzie, President and CEO commented: "We are pleased by the results from holes 21-54 and 21-55 because they demonstrate that potential shoots of skarn mineralization extend up towards the surface from the Fernandez Zone (Figure 4).  Reviewing these results and our overall model with Orix Geoscience has the Company encouraged that this geologic discovery could potentially be repeated in other areas over the Fernandez Zone.  Particularly prospective is the eastern side of Fernandez, and the mineralization associated within the Montanez 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
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Golden Tag Initiates Geologic Interpretation Program, in Partnership with Orix Geoscience, On San Diego Project