Mr. Richard Penn reports
BLACK TUSK RESOURCES PGE HIGHWAY/PALLADIUM PROJECT UPDATE
Black Tusk Resources Inc. has provided an update of continuing work on its newly acquired platinum group element projects. Earlier this month Black Tusk announced the acquisition of two platinum group element (PGE) properties in the Abitibi region of Quebec. The properties were acquired directly by the company through the Quebec staking process. Both properties were staked to cover geological and geophysical features that are interpreted as being conducive to PGE deposition.
The company's geological crew has been undertaking data compilation for the two properties. The results of this work for both properties will be provided in more detail in the following weeks.
The PG Highway property has had an additional claim accepted from the original staking summarized in the April 15 news release. The property now comprises 12 claims totalling 651.78 hectares. The claims are located along Highway 397, 22 kilometres north of Val d'Or, Que. The PG Highway property adjoins claims that cover the Lynx and La Tour PGE mineral showings.
The Black Tusk geological crew interpret the geological setting and regional geophysical signatures to be conducive to palladium/PGE mineralization. High magnetics related to magnetite-bearing mafic rocks have been mapped within the claims, and can be targeted for further work.
The Lynx showing is located approximately 3.5 km north of the PG Highway property. At the Lynx showing, selected samples returned grades up to 1,895 ppb combined platinum (Pt) and palladium (Pd). The two best results returned 1,365 ppb Pd and 530 ppb Pt (sample 828583) and 1,050 ppb Pd and 340 ppb Pt (sample 828575) (assessment report GM 61266). The La Tour showing is located 300 metres east of the Lynx. At the La Tour showing, samples returned up to 5,139 ppb Pd and 1,589 ppb Pt (GM 60468 and GM 61303). The reader is cautioned that results obtained on adjoining properties are not necessarily indicative of potential for similar results on the Black Tusk-PG Highway claims.
Black Tusk will continue data compilation for both of its PGE properties, the PG Highway and the Lorrain. Both projects are located in areas that have strong history for mineral exploration and development. The PG Highway project is located in close proximity to Black Tusk Resources' McKenzie East gold project, where exploration programs including diamond drilling are planned for 2020.
Both of the newly acquired PGE properties of Black Tusk are readily accessible on major highways. The company plans to compile all available information for these two projects in order to plan future exploration. Data compilation and GIS plotting are expected to be completed in the following weeks.
Perry Grunenberg, PGeo, a qualified person as that term is defined under National Instrument 43-101, has reviewed and approved the technical information contained in this news release. Mr. Grunenberg is also a director of the company.
We seek Safe Harbor.
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