Golden Tag reports positive metallurgical test results from Canadian business journal Fernandes Sohn

TORONTO, September 21, 2022 (GLOBE NEWSWIRE) — Golden Tag Resources Ltd.golden tag” or “Company“) (TSX.V: GOG) (OTCQB: GTAGF) is pleased to provide metallurgical test results from mineralization within the Fernandes Zone at our wholly-owned San Diego project in Durango, Mexico .

Highlights include:

• First-ever metallurgical results performed in the Fernandez Zone indicate that endoskarn mineralization is suitable for conventional flotation techniques
• 76% of Ag and 84% of Pb were recovered in bulk concentrate containing 51% Pb. 4700 grams/ton Ag, 3.11% Zn, 5.27% Cu, and 2.23 g/t Au
• Cu and Au recoveries in bulk concentrate improved significantly over previous test work
• 84% of zinc recovered in 47% zinc concentrate

President and CEO Greg Mackenzie commented: “We are pleased to announce the first-ever metallurgical test results in the Fernandez Zone. has shown that it is possible to produce a commercially salable concentrate from

Comparing these results to previous test work conducted in other zones in San Diego, we are encouraged by the improvements within bulk Pb concentrate, especially Ag concentrate grades, and higher recoveries of Au and Cu.

A common reagent method and grind size (P80 109 µm) was used in the tests. We believe that with additional testing work and applied optimization, recovery and enrichment grades could be further improved. Additional metallurgical test work is scheduled to be carried out in 2023. ”

Summary of metallurgical test work

Metallurgical testing work was performed by ALS Metallurgy of Kamloops, BC under the direction of Adam Johnston of Transmin Metallurgical Consultants. His six samples of quarter-drill cores taken at 6-meter intervals from three completed drill holes within the Fernandez Zone, designed to represent the lithology and geochemistry of the Fernandez Zone, were selected. rice field. The samples were subjected to detailed mineralogy at ALS, including mineral aggregation, texture, and mineral liberation assessment. The samples were analyzed using a silver-focused trace metal search (TMS) technique, which concluded that silver was present primarily as Freibergite. Twenty-seven kilograms of composite (SAC-001) of four samples from the Endoskarn zone were analyzed by Particle Mineral Analysis (PMA) to determine mineral liberation parameters before proceeding to flotation tests. Flotation development included evaluation of coarser and cleaner stages, and an open circuit flowsheet was established using conventional reagents and techniques. Approximately 76% of Ag and 84% of Pb were recovered in bulk graded to approximately 4700 g/t Ag, 51% Pb, 3.1% Zn, 5.3% Cu, and 2.23 g/t Au A lead concentrate was obtained (Table 1).

Compared to the metallurgical test results established in the NI 43-101 Technical Report Mineral Resource Estimate prepared by SGS Canada in April 2013, this initial test work yielded a silver recovery prediction of 71% in bulk Pb concentrate. improved from 76%. We showed that the recoveries of Cu and Au improved significantly while increasing the concentrate grade from 3623 g/t Ag to 4700 g/t Ag. It also improved the predicted zinc recovery for the zinc concentrate from 81% to 84%.

Additional metallurgical test work is required to further optimize flotation conditions before proceeding to rock cycle testing.

table 1 – Metallurgical Performance Comparison of SAC-001 and NI 43-101 Test Results

stream	parameter		SAC-001	NI 43-101(1)
Head	School year	Ag g/t	67.3	133
		lead%	0.67	1.42
		zinc%	1.18	1.58
		Cu %	0.13	0.17
		August/t	0.062	0.06
lead concentrate	School year	Ag g/t	4700	3623
		lead%	51.1	52.2
		zinc%	3.11	4.36
		Cu %	5.27	2.44
		August/t	2.23	0.26
	recovery	Ag%	76.3	71.1
		lead%	83.7	84.8
		zinc%	2.87	6.39
		Cu %	44.8	21.96
		% Au	39	12.84
zinc concentrate	School year	Ag g/t	82	520
		lead%	0.54	1.28
		zinc%	47.2	40.9
		Cu %	1.78	1.92
		August/t	0.35	0.3
	recovery	Ag%	2.55	9.1
		lead%	1.7	2.1
		zinc%	83.5	80.7
		Cu %	29	37.2
		% Au	11.7	22.06

⁽¹⁾ See Table 29, April 12, 2013, page 101, NI 43-101 Technical Report: Updated Mineral Resource Estimate San Diego Project, SGS Canada, available at www.sedar.com or Golden Tag website www.goldentag please. For more information, see ca.

Qualified review

The scientific and technical information in this document has been reviewed and validated by Bruce Robbins (P.Geo.) and Adam Johnston (FAusIMM) (CP Metallurgy), qualified persons as defined by Transmin Metallurgical Consultants, National Instrument 43-101. Approved. Mr Johnston has his 28 years of minerals processing experience and is a Fellow of the Australian Institute of Mining and Metallurgy.

About golden tag resources

Golden Tag Resources Ltd. is a mineral resources exploration company based in Toronto. The Company holds a 100% interest in his San Diego Project in Durango, Mexico subject to a 2% NSR. The San Diego property is one of Mexico’s largest undeveloped silver properties and is located within the prolific Berardena mining district. Berardinha has several mines that have produced silver, zinc, lead and gold for over 100 years. For more information on San Diego properties, visit his website at: www.goldentag.ca.

For more information, please contact:

Greg Mackenzie, President and CEO
Phone number: 416-504-2020
Email: [email protected]
www.goldentag.ca

Neither TSXV nor its regulated service providers (as those terms are defined in TSXV’s policy) are responsible for the adequacy or accuracy of this news release. Certain statements in this news release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of the phrase “forward-looking information” in the Canadian Securities Administrator’s National Document 51-102 – Continuous Disclosure Obligations. Forward-looking statements do not constitute historical facts. Forward-looking statements include estimates and statements that describe our future plans, objectives, or goals, including language to the effect that we or management expects the stated conditions or results to occur. . Forward-looking statements “believe,” “expect,” “anticipate,” “estimate,” “could,” “could,” “would,” “will.” , or by terms such as “plan”. Forward-looking statements are based on assumptions and address future events or circumstances and, therefore, are inherently subject to risks and uncertainties. These statements are based on information currently available to us, but there is no guarantee that actual results will meet management’s expectations. Due to the risks, uncertainties and other factors associated with forward-looking information, actual events, results, performance, prospects and opportunities may not be expressed or implied by such forward-looking information. can vary greatly. Forward-looking information in this news release includes, but is not limited to, statements regarding the impact of our metallurgical test results, future optimization of metallurgical testing, potential improvements in metallurgical recovery and/or concentrate grade. is not limited to Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: Commodity prices, capital market conditions, labor restrictions, international travel and supply chains due to COVID-19. Failure to identify mineral resources. Failure to translate probable mineral resources into reserves. Failure to complete a feasibility study to recommend a production decision. Provisional nature of metallurgical test results. Delay or failure to obtain required governmental, environmental or other project approvals. political risk; stock market changes; and uncertainty regarding the availability and cost of future funding needs. our inability to budget and manage liquidity in the light of additional funding failures; fluctuations in exchange rates; fluctuations in commodity prices; delays in project development; Risks described in our public documents filed with SEDAR. Although we believe that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, such information applies only as of the date of this news release. undue reliance should not be placed on and no warranty is given. Such events are assumed to occur within the disclosed time or not at all. We disclaim any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein.

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