home >> Taku Gold news >> June 27, 2006

CZM News Room

June 27, 2006

TAG Property Bearox Zone Drilling Encounters Gold-Silver Mineralization
Vancouver, B.C., Canada, CZM Capital Corp., (TSXV: CZM), is pleased to announce results from six more holes drilled on its TAG gold-silver property located on Taku Arm of Tagish Lake some 35 km due west of Atlin, BC. CZM holds an option to acquire a 100% interest in the TAG property by making cash and share payments and by meeting work commitments over a three-year period.

The six holes were all drilled to test the "Bearox Zone" which was identified by surface prospecting, trenching and soil geochemistry by the property vendor. The drilling was done from three drill pads that cover a 300m strike length of the Bearox Zone. Two holes were completed from each pad. Grades range from nil to 4.4g/t Au and from nil to 13.8g/t Ag. Weight averaged intersections of the six holes are as follows:

The intersections listed above are not true widths as the orientation of the mineralized zone has not yet been determined.

The Bearox Zone consists of quartz breccia and stockwork veining within the "025 Fault" and also incorporates sulphide veinlets and disseminations in the wallrock adjacent to the fault. On surface the zone is expressed by a 700m long gold-arsenic soil anomaly that is up to 100m wide in places. Previous work has returned gold from soils up to 17.6g/t Au, rock grab samples up to 5g/t Au and hand trenching results as follows:

Previous work by the property vendor has also identified the "Central" and "Barney" zones to the northeast of the Bearox Zone along the 025 Fault. The Barney Zone displays anomalous gold, silver, arsenic and antimony values in quartz-carbonate breccia and stockwork zones over a strike of 1km. The highest rock assay returned 1.0g/t Au. The Central Zone is weakly defined by a 500m long gold-arsenic anomaly. Rock exposure in the area is very poor so the character and extent of the mineralization is not known.

The drill results obtained at the Main and Bearox zones confirm the previous surface results and clearly demonstrate the strong gold-silver potential of 025 Fault structure. Gold-silver mineralization has been already identified intermittently along 3km of this structure and the TAG property covers an additional 3km that remains unexplored. CZM is very encouraged by the results of the recently completed drill program and intends to continue immediately with an aggressive exploration program.

All analytical work was conducted by Bourlamaque Assay Laboratories Ltd. ("Bourlamaque") in Val d'Or, Quebec. Gold was determined by conventional 30g fire assay-atomic absorption finish method. Silver was determined by aqua regia digestion-atomic absorption finish method. Bourlamaque follows an internal quality control program utilizing a system of blanks, standards and duplicates. Mark Fekete, P.Geo is the designated "qualified person" as defined in Section 1.2 in and for the purposes of National Instrument 43-101 responsible for the preparation of this release.

On behalf of CZM Capital Corp.,
Zachery Dingsdale
President & CEO

CZM Capital Corp. is a resource exploration company focused on the exploration and development of precious and base metal properties in Canada.

Please read our Disclaimer.

For further information please fill out an Information Request Form or call
1-905-377-0989.