New Discovery Adds Bulk Mining Potential To Property At San Diego

MONTREAL - Golden Tag Resources Ltd. reported an overview of the 2012, Phase 6 drill program. Highlights include: 5,500-meters completed in Phase 6, bringing total drilling since 2006 to 31,000 meters; Five new drill holes previously reported in 2012. All holes, for a 100% hit ratio, have intersected significant widths of Silver-Lead-Zinc mineralization.

As a single broad intersection for each hole, show consistent grades over considerable core lengths. New style of mineralization discovered: a broad zone of stockwork veining and alteration within Diorite and adjacent limestones at the southeast corner of the large Diorite Intrusion which lies in the centre of the San Diego property. Currently estimated to have a strike length of 200 meters (open), a width of 130 meters (open) and a vertical height of 300 meters (open to depth), named the "Fernandez Zone".

More than twelve relatively thin, high-grade veins at or near surface. Veins demonstrate good continuity over long strike- and dip-extensions. Higher grades areas are associated with Sulphosalts and often near the contacts with Diorite.

At depth, the principal veins commonly transition into wide deformation zone where mineralization becomes more varied and complex, consisting of: Multiple principal veins associated with alteration and where limestone often recrystalizes into marble; Massive Sulphide replacement zones in carbonate wall rocks; and, The new Fernandez zone represents a very important addition to the recorded styles of mineralization on the property. It is the first discovery of widespread mineralization in association with stockwork stringers and strong alteration in Diorite (technically termed "Endoskarn"). Mineralization within this zone also includes intense massive sulphide replacement along the contact of the intrusion in the adjacent Hornfels limestone (contact metamorphism and alteration, "Exoskarn") and in limestone. The Fernandez Zone clearly provides new potential for the application of high tonnage-low cost Bulk Mining methods and remains open for further extension.

An important outcome from the Phase 6 program is also the discovery of mineralization in stringer and skarn zones at shallow elevations on the western contact of the Central Diorite Intrusion. Historical exploration on the western side of the property has been quite limited and generally only to test for shallow veins.