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Gold Company to Acquire Two Quebec PGE Properties
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These new assets take Black Tusk Resources' project portfolio total to five.

Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) acquired through staking two platinum group element (PGE) properties in Quebec, it announced in a news release.

The Vancouver-based company bought the assets "in response to a world shortage as well as recent record-setting prices of rhodium, platinum and palladium," CEO Richard Penn said in the release. "Virtually all electronics, including cell phones and computers, contain PGE in their circuitry as well as all automobile catalytic converters. Black Tusk is excited to start exploring these two new projects."

Now, Black Tusk owns five mining projects with potential for gold and/or palladium and platinum mineralization.

One of the two properties is PG Highway, situated along Highway 397, about 22 kilometers north of Val d'Or. It consists of 11 claims totaling 601.11 hectares.

The second newly acquired property is Lorrain, located on Highway 391 about 1 kilometer south of Lorrainville. It consists of eight claims totaling 466.67 hectares. Covering the Guimond-Church deposit, Lorrain is surrounded by various styles of mineralization. Whereas many of those were previously explored for copper, they recently have been noted to contain PGEs.

The next step for these two new, easily accessible PGE properties is for Black Tusk to compile any and all available data and conduct geographic information system plotting on them to plan future exploration.


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.
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