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News Update


Geological Overview Provided of Val d'Or Gold Project
News Update

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A Black Tusk Resources geologist summarizes the location, make-up and past exploration results of the asset.

In a news release, Black Tusk Resources Inc.'s (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) Dr. Mattieu Piche, a company director and geologist, provided a geological overview of the McKenzie East gold project in Val d'Or, Quebec.

Piche noted that Black Tusk's McKenzie East property flanks the eastern limit of Monarque Gold's McKenzie Break property. McKenzie Break has a pit-constrained Indicated resource of 939,860 metric tons grading 1.59 grams per ton (1.59 g/t), an underground Indicated resource of 281,739 tons grading 5.90 g/t and an Inferred underground deposit resource of 270,103 tons grading 5.66 g/t.

Black Tusk's McKenzie East also is situated in the eastern portion of the Abitibi greenstone belt, airborne geophysical surveys of which, conducted by the Quebec government, showed east-to-southeast trends in magnetics, Piche stated.

The magnetic features shown on Black Tusk's recent aerial magnetic survey of McKenzie East "are interpreted as mapping the diorite stocks that host gold mineralization, extending from the McKenzie Break property and trending 2.5 kilometers (2.5 km) through the Black Tusk property," the release explained.

Past drilling at McKenzie East included four diamond drill holes in the northern portion and seven in the southern part, most within diorite units, Piche noted. All of the holes intersected anomalous gold mineralization.

Vancouver-based Black Tusk stated that it intends to follow up with exploration work this season, to include conduct surface mapping, sampling and diamond drilling of the most prospective targets. The company is awaiting receipt of the permit it needs to construct 18 drill pads, 11 water supply stations and 3 km of access trails.

"Given the current market conditions and strong forecast for gold prices, Black Tusk believes that we are strategically positioned to execute on an exciting exploration program this year," CEO Richard Penn said in the release.


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.
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