WHO WE ARE
Black Tusk Resources is a gold-focused Canadian exploration company with operations primarily based in the world-class Abitibi greenstone belt region of Val d'Or, Quebec. Black Tusk currently holds 100% ownership in 6 separate gold and palladium projects in Canada.
Black Tusk Resources flagship gold project is The McKenzie East Gold Property.
The McKenzie East Property is located 30 kilometres north of the city of Val-d'Or, Quebec and situated in the prolific Abitibi greenstone-belt. The surrounding region is extremely active for gold exploration companies, with exceptional existing infrastructure and several mills and operating gold mines in the immediate area.
The Property is comprised of 43 cells, totaling 1656 hectares in size and is easily accessible year-round via several logging roads. The bedrock is covered by glacial tills mainly consisting of sand, gravel and clay ranging from 1-20 meter's in depth.
The McKenzie East project comprises two claim groups separated by one kilometre. The larger northern group totals 1,964 hectares over 42 claims, with the south totalling 178 hectares over four claims.
The McKenzie Break project that is currently under exploration by Monarch Gold Corp. is within two kilometres west of the company's McKenzie East Project. In June 2018, Monarch reported a pit-constrained indicated resource of 939,860 tonnes grading 1.59 grams gold, and an underground indicated resource of 281,739 tonnes averaging 5.90 grams gold.
McKenzie East contains a number of historic drill holes. The database shows a range of 0.3 g/t to 2.2 g/t gold in intercepts of 0.3 m to 1.8 m downhole width (true width unknown). Some of these zones intersected by historic drilling will be tested by a Black Tusk drill program, anticipated in Winter 2020/21.
Black Tusk Resources also hold 100% ownership of the Golden Valley Project. This gold property is located just north of the town of La Sarre, Quebec, also in the heart of the Abitibi greenstone belt. The Golden Valley Property is situated 26 Kilometres south of the Casa Berardi Gold Mine currently in operation by Hecla Mining. Other notable gold projects in close proximity are AMEX Exploration’s Perron Project as well as Malartic and Detour Lake mines.
In addition to McKenzie East & Golden Valley, Black Tusk also owns 100% ownership of 2 Palladium (PGE) properties in Quebec, The PG Highway Project and The Lorraine Project. The PG Highway Project is comprised of 11 claims totalling 601.11 hectares and is located along Highway 397, 22 kilometres north of Val d'Or, Que. Black Tusk-PG Highway Property adjoins claims that cover the Lynx and La Tour PGE mineral showings.
The Lorrain Project, is comprised of eight claims totalling 466.67 hectares. This property is located along Highway 391 approximately one kilometre south of Lorrainville, Quebec. The property covers the Guimond-Church deposit. This deposit was found in outcrop and has been intersected by two diamond drill holes. The deposit is categorized as tabular nickel-chromium (Ni-Cr) mineralization hosted in an ultramafic intrusive which generates a strong magnetic anomaly.
In July 2020, TUSK added another Val-d’Or mineral property, The MoGold Property. The MoGold Property is comprised of 21 claims totalling 1203.09 hectares. The claims are located west of Highway 397, 22 Km north of Val-d’Or, Quebec.
The MoGold claims cover the historic Boily-Berube mineral showing. The Boily- Berube is described as being located on the western contact of the La Corne batholith. The showing consists of a massive vein of cherty quartz containing fine grains of pyrite, minor chalcopyrite and scattered flakes of molybdenite. The veins trend along the western contact of a quartz porphyry intrusion highly mineralized with very fine-grained pyrite. Excavating on the showing carried out in 1989 revealed a pegmatititic quartz vein containing 10 to 30% molybdenite, pyrite and traces of chalcopyrite and malachite. The new claims cover 8 drill holes that were completed by Sullico Mines Ltd. in 1971-1972 and Falconbridge Inc. in 2004. A preliminary review of the drill hole summaries indicate intercepts containing pyrite, pyrrhotite, chalcopyrite, and molybdenite with significant assay values returned for copper, silver, and zinc.
Black Tusk also owns a piece of the historic British Columbia gold mining scene, by way of the high-grade South Rim Gold Property in the Smithers Mining camp of central British Columbia.
The South Rim Gold Property comprises four claims totalling 1,771.33 hectares of mineral tenure. The project is located approximately 140 kilometres south of Smithers, in central British Columbia.
The BC Mineral Inventory review indicates that 13 mineralized occurrences exist within the South Rim Property. Sampling returned gold values for the 13 occurrences, ranging from 0.132 grams per tonne (gpt), to 24.0 gpt. Silver values range from 2.2 gpt to 42.8 gpt. Black Tusk obtained records of historic work that include 465 rock samples and 1,346 soil samples. Twenty -four rock samples returned greater than 0.5 gpt gold.
The South Rim Gold Property lies within geologic terrain that hosts the Huckleberry Copper-Molybdenum Mine located 23 kilometres to the north of the South Rim Property. Surge Copper’s Ootsa Project, another active mining operation is in close proximity to the Black Tusk-South Rim Gold Project.
Black Tusk Resources trades on the Canadian Securities Exchange under the stock symbol (TUSK), in the US under the symbol BTKRF and on The Frankfurt Stock Exchange in Germany (0NB).
CEO Richard Penn. & CFO Roman Rubin Raise Capital Conference; Vancouver, B.C.
CEO Richard Penn. & CFO Roman Rubin Frankfurt Stock Exchange, Germany
CEO Richard Penn; GEO Perry Grunenberg; CFO Roman Rubin at Osisko’s Malartic gold mine, Abitibi, Quebec.
Black Tusk Val-d’Or, Quebec regional office and drill core processing facility