Taura Gold Inc. announced positive results from its 2022 exploration program at the Shabu project in the Birch Uchi area in the Red Lake Mining Division. The program aimed to expand a upon a previous soil grid covering the western portion of the Property, conduct geological mapping and prospect for gold and silver mineralization. Numerous highly anomalous results from grab sampling grading up to 6.4 g/t Au, identified a new area of gold mineralization and confirmed gold mineralization in the area of historic diamond drilling.

These two gold targets, separated by a distance of 1.2 km, are connected by a trend of Au-Bi-Te-W anomalous soil samples. The Shabu property is located in the Birch-Uchi greenstone belt, approximately 80 km northeast of Red Lake, Ontario. The road accessible property is made up of 32 mining claims that cover an area of 720 ha.

Historic work on the property has defined gold mineralization at surface through trenching and diamond drilling. Gold mineralization at the property occurs in quartz-carbonate veins with 2-3% pyrite hosted in shear zones associated with contacts of the granodiorite and porphyritic dykes.