Black Tusk - CEO, Richard Penn
CEO, Richard Penn
Source: Stockhouse
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Black Tusk Resources (CSE:TUSK) has begun exploration work at its McKenzie East Gold Project in Quebec 
  • The company will map and sample outcrops and perform reconnaissance soil and rock sampling at the site
  • This will provide an overview of the property, from which Black Tusk can then develop a diamond drilling schedule for the site
  • A Monarch Gold property located adjacent to Black Tusk’s claim, has just returned gold assays of 20.12 grams per tonne of gold over 2.6 metres
  • Black Tusk Resources (TUSK) remains in the grey, with shares trading for C$0.06 and a market cap of $3.9 million 

Black Tusk Resources (CSE:TUSK) has begun work at its McKenzie East Gold Project, located 30 kilometres north of Val-D’Or in Quebec.

The company will be conducting mapping and sampling of outcrops, along with reconnaissance soil and rock sampling.

This will be done to provide an overview of the property so Black Tusk can draw up a diamond drilling schedule for the site.

Targets for the sampling work were identified using drone-supported detailed magnetic imaging surveys that Black Tusk conducted earlier in the year, alongside historic data from previous exploration programs on the McKenzie East property.

Black Tusk only recently received their permits allowing for construction of the 18 drill pads needed to conduct drilling on the site. These sites also contain supporting water supply stations and access trials.

Black Tusk’s CEO, Richard Penn is eager to begin drilling at the site. 

“We look forward to obtaining the results from this exploration program to assist in defining potential high-priority drill targets at the McKenzie East Gold Project,” he said. 

As evidence for the region’s prospects, the company pointed to Monarch Gold’s McKenzie Break Project.

The McKenzie Break project is just 2 kilometres away from Black Tusk’s property and has recently returned gold assays containing visually distinctive gold mineralization.

One hole at McKenzie Break returned 20.12 grams per tonne of gold over 2.6 metres.

Black Tusk Resources (TUSK) is in the grey, with shares trading for C$0.06 at 10:48am EDT.

More From The Market Herald

" Teck (TSX:TECK.A) announces Vice President appointments

Teck Resources (TECK.A) appointed Amparo Cornejo, Jason Sangha and Justin Webb as Vice Presidents, effective immediately.

" Endeavour (TSX:EDV) gold estimate up 17 per cent

Endeavour Mining PLC (EDV) has increased its mineral resource estimate for its Ity Mine in Côte d’Ivoire following the completion of a recent

" StraightUp Resources (CSE:ST) announces private placement

StraightUp Resources (ST) announced a private placement for gross proceeds of up to $350,000.
Murchison Minerals Ltd. - President & CEO, Troy Boisjoli.

" Murchison (TSXV:MUR) discovers Ni-Cu-Co zone

Murchison Minerals (MUR) has reported the nickel-copper-cobalt assay results from the Barre de Fer Zone on its Haut-Plateau de la Manicouagan Project.