ACCESSWIRE
09 May 2022, 22:13 GMT+10
VANCOUVER, BC / ACCESSWIRE / May 9, 2022 / Black Tusk Resources Inc. ('Black Tusk' or the 'Company') (CSE:TUSK) is pleased to announce that their geological and executive team will be conducting ground reconnaissance in Val d'Or, Quebec during the week of May 23. The team will undertake discussion and planning for the Black Tusk projects, including the MoGold, PG Highway, and McKenzie East properties located north of Val d'Or. The team plans to undertake site visits to each of the properties during the week of the company meetings.
On the MoGold property, the company has contracted TMC Geophysique to complete a deep-penetrating Pulse-EM (Time Domain Electromagnetic) survey. This survey is designed to test the geologic terrain for potential massive sulphide mineralization in an area where rock sampling has returned significant values of Cu, Ag, and Zn. The geology in this area suggests possible VMS mineralization (See Black Tusk news release dated March 7, 2022). The survey is expected to be in progress when the geologic team visits the property at end of May.
A second Pulse-EM survey is being contemplated for the PG Highway to cover an area where historic surface trenching uncovered near-massive to massive pyrite and pyrrhotite. This area was sampled by Black Tusk in 2021 returning several elevated gold results (See Black Tusk news release dated January 11, 2022). Magnetic surveying indicates that a magnetic high might be associated with the mineralization, extending for more than 1 kilometre outward from the area of sampling.
Black Tusk has obtained a permit to continue exploratory diamond drilling on their McKenzie East gold project. This drilling is slated to be undertaken in the winter months after freezing of wet areas where the drilling is proposed.
Exploration on the MoGold and PG Highway projects will continue through the spring and summer of 2022. Black Tusk is prepared to diamond drill targets generated from the ground geophysics and surface rock sampling. The drilling could commence as early as summer 2022.
The Black Tusk team will also discuss future exploration work that could be undertaken on their Golden Valley and Lorrain projects.
Black Tusk Quebec-based exploration programs are supervised by Dr. Mathieu Piché, OGQ, with office located north of Val d'Or. He is also a Black Tusk company director.
Cautionary Statement
This press release contains forward-looking statements based on assumptions as of that date. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to exploration and development; the ability of the Company to obtain additional financing; the Company's limited operating history; the need to comply with environmental and governmental regulations; fluctuations in the prices of commodities; operating hazards and risks; competition and other risks and uncertainties, including those described in the Company's Prospectus dated September 8, 2017 available on www.sedar.com. Accordingly, actual and future events, conditions, and results may differ materially from the estimates, beliefs, intentions, and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
On behalf of the Board of Directors
Richard Penn
CEO
(778) 384-8923
SOURCE: Black Tusk Resources Inc.
Get a daily dose of Toronto Telegraph news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Toronto Telegraph.
More InformationNEW YORK, New York - U.S. stock markets reversed sharp losses in late trading to eke out minor gains in ...
WASHINGTON D.C.: U.S. retail sales rose strongly in April, as consumers bought more motor vehicles and spent more at restaurants, ...
LONDON, England: The UK's jobless rate fell to a 48-year low in the first three months of 2022, it was ...
SYDNEY, NSW, Australia - A reduction of the official lending criteria in China has boosted stocks on the mainland, and ...
ISTANBUL, Turkey: As state lenders reduced the amount of dollar sales to prop up the currency for the ninth consecutive ...
NEW YORK CITY, New York: Federal officials have announced that Eddy Alexandre, CEO of Valley Stream trading, is facing charges ...
Atlanta United FC will square off with host Nashville SC Saturday, less than two weeks after Nashville beat Atlanta 3-2 ...
Vancouver Whitecaps FC find themselves in desperate need of a goalkeeper after Cody Cropper and Isaac Boehmer were placed in ...
London - Scientists who have monitored numerous outbreaks of monkeypox in Africa say they are baffled by the disease's recent ...
Carlos Vela is less concerned about personal milestones, like the one he achieved Wednesday, than having Los Angeles FC set ...
Dallas Stars head coach Rick Bowness announced Friday that he is stepping away from the team, effective immediately. Stars general ...
Milwaukee Bucks assistant Darvin Ham and former Portland Trail Blazers coach Terry Stotts are among the finalists for the Los ...