• Mr. Richard Penn

BLACK TUSK RESOURCES PLANS EXPLORATION AT SOUTH RIM

Mr. Richard Penn reports


BLACK TUSK RESOURCES INC. TO EXPLORE SOUTH RIM GOLD PROJECT, CENTRAL BRITISH COLUMBIA


Black Tusk Resources Inc. is planning exploration work at the South Rim property, located in central British Columbia. The South Rim property comprises four claims, totalling 1,771.33 hectares. The project is located approximately 140 kilometres south of Smithers, B.C. Black Tusk intends to send a geological crew to the property in August to map and sample historical gold and multielement showings. Black Tusk announced the acquisition of the project in 2020 and released information regarding historically mapped and sampled mineralization at that time. Some of the following repeats that original announcement.


The project has undergone a number of exploration programs dating back to 1967. These were designed to explore for gold and molybdenum. This work eventually led to the discovery of mineral occurrences that are now documented in the British Columbia Mineral Inventory database.


The British Columbia Mineral Inventory database includes 13 mineralized occurrences within the South Rim property. Sampling returned gold values for the 13 occurrences, ranging from 0.132 gram per tonne to 24 g/t. Silver values range from 2.2 g/t to 42.8 g/t. The mineralization is typically described as epithermal, intrusion-related polymetallic sulphide and low-sulphidation (quartz) veins. Black Tusk has not undertaken any exploration on the claims to date and has yet to verify the sample results listed in the Minfile database or within related assessment reports.


Black Tusk also obtained records of historical work undertaken by other companies, including 465 rock samples and 1,346 soil samples. Twenty-four rock samples returned greater than 0.5 g/t gold. The series of elevated gold values plot along a northwest-trending alignment, passing through the East Side, Chalco, High View, Center View and Camp View mineralized showings, for a distance of approximately two kilometres. This trend of elevated gold values, often associated with elevated silver, provides a primary target of interest for further exploration.


Soil sampling results show 10 samples returned greater than 50 parts per billion gold, with a high of 275 parts per billion. These elevated values appear to be relatively isolated, with little to no follow-up recorded in the historical reports. Black Tusk will further evaluate the soil sample results as consideration for future property exploration.


Geoscience BC provides airborne geophysical survey results for the project area in report 2017-3. Initial review of its database indicates that several magnetic features may be associated with mineralized bedrock on the property. These provide substantial targets for ground follow-up.


The company believes that the results from historical work and the accompanying database provide a strong incentive to continue exploration of the property for precious metal and base metal deposits. The company will undergo a boots-on-the-ground mapping/sampling program in August to locate historical workings, verify the mineralization and expand those results (where possible).


The property lies within geological terrain that hosts the Huckleberry copper-molybdenum mine, located 23 kilometres to the north of the South Rim property. The Huckleberry mine contains remaining proven and probable reserves of 35 million tonnes grading 0.32 per cent copper and 0.01 per cent molybdenum, with measured and indicated resources of 180 million tonnes grading 0.32 per cent copper and 0.01 per cent molybdenum.


The Ootsa project is located on the south shore of the Nechako Reservoir, six kilometres from the Huckleberry copper-molybdenum mine. The Ootsa project contains an estimated measured and indicated resource of 224 million tonnes grading 0.22 per cent copper, 0.021 per cent molybdenum and 0.15 g/t gold.


The reader is cautioned that resources that exist on regional or adjacent properties are not necessarily indicative of the potential on the South Rim project.


Black Tusk is looking forward to exploration on the South Rim project.


Perry Grunenberg, PGeo, a qualified person, as that term is defined under National Instrument 43-101, has compiled and reviewed this news release and will undertake the August, 2021, exploration work on the South Rim project.


We seek Safe Harbor.

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