• Mr. Richard Penn

BLACK TUSK RESOURCES TALKS UP GOLDEN VALLEY PROJECT

Updated: May 31, 2019


Mr. Richard Penn reports

BLACK TUSK PROVIDES UPDATE ON RECENTLY ACQUIRED GOLDEN VALLEY PROJECT


Black Tusk Resources Inc. has provided its shareholders with an update on the recently acquired Golden Valley Project located in northwestern Quebec.


The property consists of 33 claims totalling 1,601.42 hectares located within the Laberge district, 170 kilometres northwest of Val d'Or, Que. The property lies within the Abitibi greenstone belt, which is host to many significant mineral deposits. The area drew attention following the Inco Exploration discovery of gold mineralization in 1983 (Golden Pond project) as well as the gold-silver-zinc-copper discovery (Estrades project) by Teck Resources.


Various assessment and academic reports summarize previous work on the property. Previous work includes ground and airborne geophysics, geochemical and geological surveys, and diamond drilling. Some of the more significant reported drill results include:


  • Drill hole LAB 87-B2, which returned 1.82 grams per tonne gold over 4.5 metres from 57 metres to 61.5 metres of depth (including 1.4 grams per tonne from 57 metres to 58.5 metres, 2.15 grams per tonne from 58.5 metres to 60 metres and 1.9 grams per tonne from 60 metres to 61.5 metres (Exploration Trois-Dimensions Inc., 1987 report GM45605));

  • Drill hole LAB 109-03-01, which returned 1.4 grams per tonne gold over 0.7 metre;

  • Drill hole 34-96-02, which returned 1.55 grams per tonne gold over one metre from 102.3 metres to 103.3 metres of depth (Freewest Resources Canada Inc., 1996 report GM54344);

  • Drill hole 34-96-04, which returned 4.1 grams per tonne gold over 0.5 metre from 55.4 metres to 55.9 metres of depth (report GM54344).

The company has yet to conduct any work on the property and has not been able to directly verify the exploration results documented in historic reports.


The historic drilling was undertaken in close proximity to main roads that are conveniently accessible for further work, including continued exploration of apparent drill-ready targets. The company will review the data obtained from previous work on the property in order to plan for further exploration.


"The previous work done on the Golden Valley Project presents a compelling exploration opportunity for Black Tusk," commented Richard Penn, chief executive officer of the company.


Perry Grunenberg, PGeo, a qualified person under National Instrument 43-101, has reviewed and approved the technical information contained in this news release. Mr. Grunenberg is also a director of the company.


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