Home > Development, Diaspora News, Foreign Relations > Takara Approves Exploration Program for Tassawini Gold Project Lands, Guyana

Takara Approves Exploration Program for Tassawini Gold Project Lands, Guyana

TORONTO, ONTARIO –Takara Resources Inc. (TSX VENTURE:TKK) (“Takara”) has commenced a summer exploration program on six untested gold-in soil anomalies in the immediate vicinity of the Tassawini Gold Project in NW Guyana. This program is being undertaken in preparation for an extensive core-drilling program with the goal of expanding the existing NI 43-101 compliant resource at Tassawini. The 15-person crew is now on site at the Tassawini camp and it is anticipated that the program will last 5 weeks.

“The goal for 2010 is to validate and assess the potential to add more ounces from the outer six gold geochemistry targets, which are within 5 km of our known Tassawini Resource” said Jennifer Boyle, President and CEO of Takara. “We are incorporating the use of lightweight auger (Trado) drills to sample to depths of 6-8m in saprolite that will confirm these anomalies for the next phase of drill testing.”

Experienced crews are drilling targeted anomalies with the lightweight auger to verify and collect samples on selected lines of investigation, in order to compliment and enhance geological and structural mapping, coupled with reconnaissance pan concentrate studies on the outer targets to verify all past datasets. The program has built-in flexibility for the geological and drilling crews to follow up on new trends discovered in the field.

This exploration program is running in parallel to the current Economic Assessment that is being completed by Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA) scheduled for completion for October 2010 (see Takara news release dated June 18, 2010).

Previous work on the Tassawini Gold Project has permitted definition of a 43-101 compliant mineral resource at the Tassawini and Sonne deposits containing an Indicated Resource of 10,766,000 tonnes @ 1.3 grams gold per tonne (“g/t) Au/t for 437,000 ounces gold and an Inferred Resource of 1,926,999 tonnes @ 1.0 g Au/t for 62,000 ounces gold (using a 0.5 g/t gold cut-off) that was authored by SRK Consulting (Canada) Inc. (see Takara news release dated March 18, 2010, and the report filed on SEDAR under Takara’s profile at www.sedar.com.

About the Tassawini Property

The property is situated in the Barima-Waini District of Northwestern Guyana approximately 170 km northwest of the national capital, Georgetown. The Tassawini Prospecting Licence (PL), which includes the Tassawini and Sonne deposits, covers approximately 4,814 ha and encompasses four Mining Permits (MP), covering a total area of 1,381 ha, which make up the property. The adjacent Anaturi PL, which also is the focus of reconnaissance prospecting and geology by Takara, provides an additional 4,836 ha of proximal, prospective ground in this area.

Since 2004, a total of $26.3 million in exploration expenditures have been incurred on the Tassawini Gold Project, an advanced stage gold exploration project that produced over 11,000 ounces between 1907 and 1914. Tassawini has a 120-person modern camp and is accessible by air and commercial barge throughout the year.

Brent C. Jellicoe, P.Geo., a Geological Consultant for Takara, is a Professional Geoscientist in the Province of Saskatchewan. He is Takara’s Qualified Person for the Guyana gold projects and is responsible for the verification and quality assurance of analytical results, and technical content of Takara’s disclosures.

About Takara

Takara Resources Inc. Is a Canadian based (TSX VENTURE:TKK) is a gold company focused on the systematic exploration and development of their Guyana gold assets held within a wholly-owned subsidiary, StrataGold Guyana Inc., including two advanced-stage gold projects within the Guyana Shield, namely: (i) the 100% owned Tassawini Gold Project; and (ii) a 30% interest in the BRL Venture operated by Newmont Overseas Exploration Limited, a subsidiary of Newmont Mining Corporation (NYSE:NEM) and holding a 70% interest in the project.

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