• Mr. Richard Penn

BLACK TUSK PLANS 2022 DRILL PROGRAM FOR MCKENZIE EAST

Mr. Richard Penn reports


BLACK TUSK RESOURCES INC. PREPARES FOR DRILLING - MCKENZIE EAST PROJECT


Black Tusk Resources Inc. has planned diamond drilling for 2022 on the McKenzie East gold property located 30 kilometres north of Val d'Or, Que.


Black Tusk is pleased with the results from its exploration on the McKenzie East project to date. A permit has been obtained for diamond drilling in 2022. The phase II drilling program will continue to test and expand upon the promising results obtained from the phase 1 drilling, as well as testing other geophysical targets delineated from ground and airborne surveys conducted on the property in 2020. A permit for the construction of 15 drill pads with supporting access has been approved.


The McKenzie East property abuts the east side of the McKenzie break project owned and operated by Monarch Mining Corp. Monarch completed a gold resource estimate in February, 2021, with open pit and underground resources summarized as provided in the attached table (National Instrument 43-101 technical evaluation report on the McKenzie break property, Feb. 11, 2021).

The McKenzie East property includes the C2-B mineral showing (Sigeom, Quebec database) that is located within 300 metres of the east side of the Monarch property. At the C2-B showing, drilling of a geophysical VLF (very-low-frequency electromagnetic) target with an associated magnetic feature intersected mineralization associated with quartz-carbonate-pyrite-chalcopyrite veins in andesitic-diorite host rocks. The most significant values reported from the historic drilling included 3.10 grams per tonne gold over 0.30 metre, 1.21 g/t Au over 0.30 metre (both from drill hole CO-94-10), and 1.10 g/t Au over 0.30 metre from hole CO-94-13 (Monarch, Feb. 11, 2021, technical report).


Black Tusk has completed ground induced polarization (IP) electrical survey, a MMI (mobile metal ions) soil sampling survey, a drone-supported airborne magnetic survey, and diamond drilling on the McKenzie East. In 2021, Black Tusk completed 2,587 metres of drilling over eight drill holes on the property. Results include 1.185 grams per tonne gold over one metre from hole MKE-21-01 as well as intercepts of greater than 0.5 g/t from holes MKE-21-03, MKE-21-06 and MKE-21-08 (see news release dated July 13, 2021). Black Tusk noted that drill hole MKE-21-03 appears to show the most promise from the drilling campaign, which included a section of core that contained a visible gold grain. The section containing the visible gold returned a weighted (metallics assay coarse and fine) average 0.61 g/t Au over one metre. However, the coarse fraction contained 8.01 grams per tonne, indicating that coarse gold was a significant part of the overall content.


The planned 2022 drilling program will test the geophysical feature associated with the C2-B mineral showing, continue testing the promising geology and gold intercepts intercepted in hole MKE-21-03, and test other geophysical features that may be associated with mineralized structures.


Black Tusk is now tendering for a drilling contractor and will start clearing access to the drill pads, with drilling to start soon after.


"It is an exciting time to be ramping up for a great 2022 on our Quebec projects", stated Black Tusk chief executive officer Richard Penn.


Perry Grunenberg, PGeo, a qualified person as is defined under National Instrument 43-101, has reviewed and approved the technical data in the press release.


We seek Safe Harbor.

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