Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTC) announced in a news release it finished phase one of diamond drilling at its Golden Valley project in Quebec.
"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]Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Black Tusk Resources. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Black Tusk Resources, a company mentioned in this article.
