Tickers: XCNQ:TUSK, PINX:BTKRF
Tags: #Mining
Vancouver, BC - TheNewswire - July 23, 2019 - Black Tusk Resources Inc. ("Black Tusk" or the "Company) (CNSX:TUSK.CN) (OTC:BTKRF) (Frankfurt:0NB) is pleased to announce that diamond drilling is now underway on its Golden Valley Project in the Abitibi Greenstone Belt. A total of 15 sites have been selected for drilling, with several targets delineated from historic drilling. Initial drilling will verify and expand upon the more positive results returned from historic exploration. Continued drilling will follow mineralized structures mapped by the initial drill holes. The structures include potential shear-hosted gold mineralization and potential multi-element iron formation mineralization as logged during historic drilling programs.
Black Tusk personnel will be on site, overseeing the drilling program. A local Quebec-based consulting group has been contracted to undertake core logging and core sampling at Black Tusk Resources core shack, located in Villebois, approximately 25 km south of the Golden Valley Property.
The Golden Valley Project is located 26 kilometres south of Hecla Mining Corp's Casa Berardi Mine, currently in production and lies within the Abitibi Greenstone belt that is host to many world class mineral deposits.
The property is easily accessible via an existing major road utilized for logging and mining.
"We are extremely excited to be on the ground here with our exploration team and it has been very pleasing to see the current scale of our operation underway'' stated Black Tusk CEO Richard Penn.
Cautionary Statement
This press release contains forward-looking statements based on assumptions as of that date. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to exploration and development; the ability of the Company to obtain additional financing; the Company's limited operating history; the need to comply with environmental and governmental regulations; fluctuations in the prices of commodities; operating hazards and risks; competition and other risks and uncertainties, including those described in the Company's Prospectus dated September 8, 2017 available on www.sedar.com. Accordingly, actual and future events, conditions, and results may differ materially from the estimates, beliefs, intentions, and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
On behalf of the Board of Directors
Richard Penn
CEO
(778) 384-8923
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