Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update

TICKERS: TUSK; BTKRF; 0NB

Mining Company Observes Visible Gold Grain in Drilled Core
News Update

Share on Stocktwits

Source:

Black Tusk Resources completes drilling three initial holes at McKenzie East.

Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) announced in a news release it finished drilling the first three holes, over 1,049 meters (1,049m), one of which showed a grain of visible gold, at its McKenzie East project north of Val d'Or in Quebec.

The company reported that observation of that particular hole, MKE 21-03, revealed about 30 meters of core containing geologic characteristics indicative of gold mineralization. There were the gold grain, about 1 millimeter (1 mm) by 2 mm in size, within a narrow section of quartz vein, and there were veining, alterations and associated sulphide minerals, the company noted. Samples from MKE 21-03 are now at a laboratory for analysis. The company also advised that the "presence of visible gold and other indicators in core does not assure high assay results when processed at the laboratory."

"The company is very encouraged by the positive results obtained within the first three holes of the 2021 winter drilling, and recognizes that the extent of gold mineralization is still to be determined from drill core laboratory results," CEO Richard Penn said in the release.

The company advised that the purpose of hole MKE 21-03 was to test a 500m long magnetic feature seen during the recent survey. Now, Black Tusk is drilling another hole, MKE 21-04, 25 meters northwest of MKE 21-03, to test for continuity of mineralization and alteration. The company also is continuing its planned diamond drill program on a 1 kilometer by 700m area along the geologic trend through McKenzie East.

[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. here for more information.br /> 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 decision to publish an article until three business days after the publication of the 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, a company mentioned in this article.





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

A valid email address is required to subscribe