"Phase one of the drill program has gone as we have planned and we expect to have first round of drill results back from the lab in the near term," CEO Richard Penn said in the release.
That work included drilling 11 holes over 1,458.2 meters. Holes were from 137–201m in length and spaced over a 4 kilometer (4 km) strike length. The purpose of drilling was to confirm historical gold-bearing intercepts and test geological and geophysical targets delineated from regional data.
Phase one also involved obtaining drill core samples, which Black Tusk took from various features in the core, including sulphides, quartz veins, shear zones and others. The exploration company shipped 443 of them to ALS Global Laboratory in Rouyn-Noranda, located about 25 km south of Golden Valley. The lab will analyze them for gold using fire assay and for 35 elements using inductively-coupled plasma mass spectrometry.
All results are pending. Once they are available, Dr. Matthieu Piche, geological consultant on the Golden Valley project, will work with Black Tusk's geology team to plan the next exploration steps, including additional drilling.[NLINSERT]
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