home >> Taku Gold news >> March 27, 2008
Vancouver, BC, Canada, CZM Capital Corp., (TSXV: "CZM"), ("the Company") is pleased to announce that it has completed the acquisition of the TAG gold-silver property located on Taku Arm of Tagish Lake some 35km due west of Atlin, BC.
CZM has fulfilled its obligations as announced on January 16, 2006, to the Vendor, Gary Thompson. CZM has earned a 100% interest by carrying out aggregate exploration and development expenditures over $1,050,000 and making aggregate option payments of $60,000 and issuing a total of 600,000 common shares of CZM. The Vendor shall retain a 2.5% Net Smelter Royalty. CZM, at its option may acquire a 1.5% NSR from the Vendor for a cash payment of $500,000 per 0.5% at any time prior to commercial production.
CZM intends to announce the full scope of its 2008 TAG gold/silver property work program imminently.
CZM Capital Corp. is a mineral resource company focused on the exploration and development of precious metal properties in Canada with a particular emphasis on the Tagish Lake region of Northern British Columbia.
For further information please visit our website at www.czmcapital.com or call 1-800-610-9552.
Statements in this release that are forward-looking are subject to various risks and uncertainties concerning the specific factors identified above and in the corporation's periodic filings with the British Columbia Securities Commission and the U.S. Securities Exchange Commission. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The corporation does not intend to update this information and disclaims any legal liability to the contrary.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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