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  • Writer's pictureMr. Richard Penn


Mr. Richard Penn reports


Black Tusk Resources Inc. has contracted Abitibi Geophysics in Val d'Or, Que., to undertake its OreVision three-dimensional (3-D) induced polarization (IP) survey on the McKenzie East gold property located north of Val d'Or. The survey is designed to use the most advanced geophysical applications to produce high-resolution results through the overburden on the property.

The IP survey will be located within the northwestern area of the McKenzie East gold property in order to trace possible gold-bearing structures extending eastward from the Monarch Gold-McKenzie Break property. The cut-line grid is to be prepared within the coming week. The results of the IP survey will be combined with the results of MMI processing of soil samples taken in the last month in order to locate the best targets for diamond drilling.

In late May, the company's contractor, VD Geo Service, completed the acquisition of 205 soil samples along pre-existing access routes and other areas that were amenable to sampling. The samples were submitted to SGS Mineral Labs for analysis. Results of analysis are expected within the coming weeks.

The company has acquired a permit that allows for the construction of 18 drill pads with supporting water supply stations and access trails. Black Tusk plans to conduct this upcoming drill program in the summer 2020 exploration season, following the completion of ground surveys.

"We are extremely excited to conduct 3-D IP surveying on the McKenzie East gold project -- this advanced technology will help us define high-priority drill targets for this summer's anticipated drill program," said chief executive officer Richard Penn.

The company also announces that Alexander Tarasov has resigned from the board of directors. The company thanks Mr. Tarasov for his tremendous service to the company and wish him every success in the future.

The company also advises that it has settled outstanding indebtedness of $31,500 in exchange for common shares at a price of 6.5 cents per share. The shares are subject to a four-month hold period expiring four months from the date of issue.

Perry Grunenberg, professional geoscientist, 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.

About Black Tusk Resources Inc.

Black Tusk is a gold-focused Canadian exploration company with operations primarily based in the world-class Abitibi greenstone belt region of Quebec.

We seek Safe Harbor.

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