top of page
  • Mr. Richard Penn


Mr. Richard Penn reports


Black Tusk Resources Inc. has changed the name of its Quebec property from Cluster to Golden Valley. This name change acknowledges the robust mineral industry of the Abitibi region and pays tribute to the mining history of Val d'Or (valley of gold).

In early May, the company completed an initial reconnaissance and area overview of the Golden Valley property, located in the West Abitibi region of Quebec. The site was visited by Black Tusk's Richard Penn, chief executive officer, Roman Rubin, chief financial officer, and Perry Grunenberg, PGeo, a director and exploration geologist. The team was impressed by the number of gold mining operations that were noted while travelling through the Abitibi area. The mineral wealth of this region, as represented by past and current producers, is impressive.

The new name for Black Tusk's Quebec property better reflects the mineral wealth of this area of the province.

Black Tusk has submitted an application to permit 15 drill pad locations on the Golden Valley project. The authorized permit for this drilling program is expected to be received in early June, 2019. The company expects to be drilling its primary targets as early as late June.

In addition to the Golden Valley property, the company currently has an option to acquire a 100-per-cent undivided interest in the Goldsmith property, which is situated in the Kootenays, approximately 65 kilometres north of the city of Kaslo, B.C. In January, 2019, the company released the results of its 2018 trenching and rock sampling program. Calculated head grades, including 14.42 grams per tonne gold from the Arsenopyrite vein, 5.34 g/t gold from the Black vein and 5.26 g/t gold from the Hamburger vein, were reported from the Met-Solve analytical process.

The areas of the 2018 testing fall within a one-kilometre corridor of historic workings. More recent exploration has returned very significant gold values from individual samples. Most of the historic work concentrated on the abundance of quartz veining exposed along the corridor.

An elongate 450-metre zone of initial high interest is outlined by the Hamburger-Arsenopyrite-Black vein system. The zone presents as a high-level target for future work.

"Black Tusk management team is excited by the prospect of continued exploration on our Canadian properties, beginning with the 2019 field season at the Golden Valley property in Quebec," commented Mr. Penn.

Mr. Grunenberg, a qualified person, as that term is defined under National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

About Black Tusk Resources Inc.

Black Tusk is engaged in the exploration of its mineral properties located in Quebec and British Columbia, Canada. The company has purchased 100-per-cent ownership of the Golden Valley property, located 35 kilometres north of La Sarre in the prolific Abitibi region of Quebec.

34 views0 comments

Recent Posts

See All

Mr. Richard Penn reports BLACK TUSK CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT Black Tusk Resources Inc. has closed a second tranche of its previously announced private placements. See press releases

Mr. Richard Penn reports BLACK TUSK ANNOUNCES CLOSES TRANCHE OF FINANCINGS INCREASES OFFERINGS AND CLOSES DEBT SETTLEMENT Black Tusk Resources Inc. has closed the first tranche of its previously annou

Mr. Richard Penn reports BLACK TUSK RESOURCES INC. ISSUES OPTIONS Black Tusk Resources Inc. has issued 1.95 million stock options with an exercise price of seven cents per share, of which 1.25 million

bottom of page