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) have added an additional stake to The PG Highway property, which it recently acquired in Quebec 
  • As a result, The PG Highway property is now 651 hectares, with 12 total claims within it 
  • The property borders several high-grade platinum group metal mineralisations
  • Black Tusk CEO, Richard Penn stated the company remains committed to exploration in Quebec, as it now owns five mining projects in the region
  • Black Tusk Resources (TUSK) is holding steady at C$0.05 per share and has a market cap of $3.3 million 

Black Tusk Resources (CSE:TUSK) has added an additional stake to The PG Highway property, which it recently acquired in Quebec.

The property was acquired earlier this month, along with the Lorrain Project, from Platinum Group Element in Abitibi. 

The company’s geological crews have been undertaking data compilation and Black Tusk has committed to releasing those results in the coming weeks. 

The property is now comprised of 12 claims totalling 651 hectares. The claims are located along highway 397, which is 22 km north of Val d’or, Quebec.

The PG Highway property adjoins claims that cover the Lynx and La Tour PGE mineral showings. The company has stated it believes the geological setting and regional geophysical signatures to be conducive to Palladium/PGE mineralization.

High magnetics related to magnetite-bearing magic rocks have been mapped within the claims and can be targeted for further work.

The Lynx showing is approximately 3.5 km north of the PG Highway property. At the Lynx, selected samples returned grades up to 1,895 ppb combined platinum.

Black Tusk CEO, Richard Penn stated the company was committed to exploration in Quebec, as it now owns five mining projects that have potential for gold or palladium and platinum mineralization.

“We have acquired these new PGE properties in response to a world storage as well as recent record-setting prices of Rhodium, Platinum and Palladium.

“Black Tusk is excited to start exploring these new projects,” he said.

Black Tusk Resources (TUSK) is holding steady at $0.05 per share at 10:39 am EST. 

More From The Market Herald

" Independent geochemical modelling identifies Cu-Mo porphyry target at Montero’s (TSXV:MON) project in Chile

Montero Mining and Exploration (MON) received a positive report from Fathom Geophysics from the analysis of geochemical data on the Avispa property.

" Globex (TSX:GMX) announces resource increase

Globex Mining Enterprises (GMX) has announced a resource increase to 500,000 ounces of gold inferred on the Labyrinth Gold Project in Québec.

" Walker River (TSXV:WRR) begins re-drilling at the Lapon Gold Project

Walker River Resources (WRR) re-started reverse circulation drilling at the Lapon Gold Project, located some 60 km SE of Yerington, Nevada.

" Delta (TSXV:DLTA) resumes gold drilling in Thunder Bay

Delta Resources (DLTA) resumes drilling at the Delta-1 Gold Deposit in Thunder Bay, Ontario.