BLACK TUSK RECEIVES DRILL PERMIT FOR GOLDEN VALLEY
Updated: Jun 19, 2019
Mr. Richard Penn reports
BLACK TUSK RESOURCES INC. RECEIVES DRILL PERMIT FOR EXPLORATION ON THE GOLDEN VALLEY PROJECT IN QUEBEC
Black Tusk Resources Inc. has received the necessary permit for diamond drilling on its Golden Valley property located in Quebec.
The exploration permit allows for the construction of 15 drill pads with supporting road access. These drill stations will allow for the testing of two gold-bearing structures as outlined by historic work previously undertaken by other companies (targets I and II, see news release dated March 27, 2019). The drill pads are adjacent to existing logging and mining major access roads.
Target I drilling is designed to verify and expand upon the presence of a gold-bearing shear zone intercepted in prior drill programs. A total of five historic drill holes over a strike length of 600 metres intercepted the gold-bearing shear, including hole LAB87-B2 that reported:
0.91 gram per tonne (g/t) gold over 13.3 metres (51.3 metres to 64.6 metres), including 1.82 g/t gold over 4.5 metres from 57 metres to 61.5 metres, including:
⦁ 1.4 g/t gold from 57 metres to 58.5 metres;
⦁ 2.15 g/t gold from 58.5 metres to 60 metres;
⦁ 1.90 g/t gold from 60 metres to 61.5 metres.
Ten drill holes over a one-kilometre strike length are proposed to test target I.
Target II proposed drilling is designed to verify and expand upon the presence of gold-bearing iron formation structure intercepted in prior drill programs. A magnetic high linear passes through the area of drilling where Noranda Inc. completed a two-hole drill program in 2004. Their reports indicate that hole LAB109-03-01 returned significant values of gold, including:
1.40 g/t gold from 51.3 metres to 52 metres in massive basalt per cent to 10 per cent pyrrhotite and traces chalcopyrite;
0.51 g/t gold from 107.3 metres to 108.2 metres in iron formation within basalt;
1.25 g/t gold from 109.5 metres to 112.1 metres, including:
⦁ 0.99 g/t gold from 109.5 metres to 110.2 metres in iron formation within basalt;
⦁ 2.49 g/t gold from 110.2 metres to 111.1 metres in iron formation within basalt;
⦁ 0.32 g/t gold from 111.1 metres to 112.1 metres in iron formation within basalt.
Five drill holes over a 1.2-kilometre strike length are proposed to test target II.
The company hereby notes that true intercept widths for the drill hole results shown above have not been calculated. The company has yet to conduct any work on the property and has not been able to directly verify the exploration results as documented in these historic reports.
The Golden Valley project is located 26 kilometres south of Hecla Mining Corp.'s Casa Berardi mine and lies within the Abitibi greenstone belt that is host to many world-class mineral deposits. The area surrounding the Golden Valley project drew renewed attention in the 1980s following the Inco Exploration discovery of gold mineralization at the Golden Pond project and the gold-silver-zinc-copper discovery at Estrades by Teck Resources.
"Black Tusk is very pleased with receiving our drill permits for the Golden Valley project in Quebec. Historic work has outlined two important structures where previous drilling returned significant gold values, providing immediate targets for this summer's planned drill program," said Richard Penn, chief executive officer of Black Tusk Resources.
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.
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