Get the Latest Investment Ideas Delivered Straight to Your Inbox.

News Update

TICKERS: TUSK; BTKRF; 0NB

Gold Company to Acquire Two Quebec PGE Properties
News Update

Source:

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.

[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 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 (including members of their household) own securities of Black Tusk Resources, a company mentioned in this article.




Learn More about Which Online Broker is Right for You?

Want to read more about Gold and PGM - Platinum Group Metals investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe