Black Tusk Resources Inc. Initiates Data Compilation For Mckenzie East Project, Quebec
November 19 2019 - 11:29AM
InvestorsHub NewsWire
Black Tusk Resources Inc. Initiates
Data Compilation For Mckenzie East Project, Quebec
VANCOUVER, BC, Canada -- November 19, 2019 -- InvestorsHub
NewsWire -- Black Tusk Resources Inc. ("Black Tusk"
or the "Company) (CSE:TUSK) (OTC PK:BTKRF) (Frankfurt:0NB) is pleased to
announce that it has closed its acquisition of the McKenzie East
Project located 30 kilometres north of Val d'Or, Quebec and has
commenced data compilation.
The McKenzie East Project comprises 2 claim groups separated by
1 kilometre. The larger northern group totals 1,964 hectares over
42 claims, with the south totalling 178 hectares over 4 claims.
The McKenzie Break Project that is currently under exploration
by Monarch Gold Corporation is within 2 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(1).
"The Company is pleased to have acquired mineral claims located
within the Val d'Or area of the prolific Abitibi Greenstone belt.
The presence of advanced exploration projects within close
proximity, combined with favorable regional geology, provides
evidence to support continued exploration on the McKenzie East
Project claims." said Richard Penn, CEO of the Company.
The reader is cautioned that resources that exist on
adjacent properties (including the McKenzie Break Project) is not
necessarily indicative of potential on the Company's McKenzie East
Project.
To date, exploration on the McKenzie East Project area has been
limited, the Company will be undergoing a review of the project
database in advance of planning for the 2020 exploration
season.
Perry Grunenberg, P.Geo, a "Qualified Person" as that term is
defined under NI 43-101, has reviewed and approved the technical
information contained in this news release. Mr. Grunenberg is also
a director of the Company.
References
- NI 43-101 Technical Report on the McKenzie Break Project, April
17, 2018, Alain-Jean Beauregard, P.Geo., and Daniel Gaudreault,
Eng., of Geologica Groupe-Conseil Inc. and Christian D'Amours,
P.Geo., of GeoPointCom Inc.
About Black Tusk Resources Inc.
Black Tusk Resources is a Canadian exploration company
developing gold-focused projects in world class mineral regions,
British Columbia's Slocan Mining Division and Quebec's Abitibi
Greenstone Belt.
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
SOURCE: Black Tusk Resources Inc
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