Black Tusk Resources Inc. Deep Penetrating Em Survey Completed on the PG Highway Val D'Or, Quebec

Black Tusk Resources Inc. Deep Penetrating Em Survey Completed on the PG Highway Val D'Or, Quebec

Black Tusk Resources Inc. ("Black Tusk" or the "Company) (CSE:TUSK)(OTC PINK:BTKRF)(FRA:0NB) is pleased to announce that the geophysical surveying on the PG Highway property located north of Val d'Or has now been completed

The deep-penetrating Pulse-EM (Time Domain Electromagnetic) survey was completed by TMC Geophysique and covers an area where historic surface trenching uncovered near-massive to massive pyrite and pyrrhotite. This area was sampled by Black Tusk in 2021 returning several elevated gold results (See Black Tusk news release dated January 11, 2022). Drone supported magnetic surveying completed last year indicates that a magnetic high may be associated with the mineralization, extending for more than 1 kilometre outward from the area of sampling.

The results of the deep-penetrating EM survey on the PG Highway are expected to be available in the following week. Black Tusk is currently studying the results of surveys completed on their adjacent MoGold property, and expect to be drill-testing the best targets so far derived on both the MoGold and PG Highway projects. Permitting for diamond drilling will be completed once the targets are defined.

Black Tusk Quebec-based exploration programs are supervised by Dr. Mathieu Piché, OGQ, with office located north of Val d'Or. He is also a Black Tusk company director.

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.



View source version on accesswire.com:
https://www.accesswire.com/708104/Black-Tusk-Resources-Inc-Deep-Penetrating-Em-Survey-Completed-on-the-PG-Highway-Val-DOr-Quebec

News Provided by ACCESSWIRE via QuoteMedia

TUSK:CNX
The Conversation (0)
Black Tusk To Complete Share Consolidation

Black Tusk To Complete Share Consolidation

Black Tusk Resources Inc. (the "Company") (CSE:TUSK) (Frankfurt:0NB) (OTC PINK:BTKRF) announces that it plans to consolidate its issued and outstanding common shares at a ratio of ten (10) pre-consolidated shares to one (1) post-consolidation share (the "Consolidation"). The purpose of the Consolidation is to facilitate the Company's ability to attract future financings, generate greater investor interest and improve trading liquidity

The Company currently has 205,746,409 common shares issued and outstanding. Upon completion of the Consolidation, the Company will have 20,574,640 common shares issued and outstanding.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Black Tusk Resources Inc. Receives Permit to Drill VMS Targets on the MoGold and PG Highway Projects, Quebec

Black Tusk Resources Inc. Receives Permit to Drill VMS Targets on the MoGold and PG Highway Projects, Quebec

Black Tusk Resources Inc. ("Black Tusk" or the "Company) (CSE:TUSK) is pleased to announce that the company has received the necessary permits to drill on their PG Highway and MoGold projects located north of Val d'Or, Quebec

As previously released, TMC Geophysique recently completed deep-penetrating Pulse-EM -Time Domain Electromagnetic (TDEM) surveying to cover zones targeted through geologic assessment and rock sampling. On the PG Highway property the TMC Geophysical report concludes that the newly acquired surface TDEM data identified of a group of strong conductive anomalies in places coincident with areas of rock exposures that contained significant percentages of pyrite and pyrrhotite. The geology along the trend is interpreted to have potential for Volcanogenic Massive Sulphide (VMS) mineralization (see News Release dated 2022-08-07). The zone of interest also displays magnetic features derived from Black Tusk 2021 surveys. The geophysical survey results combined with the geology and rock sampling provide compelling targets for further exploration.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Black Tusk Resources Inc. Permitting to Drill Up to 2,500 Metres Mogold and PG Highway Projects, Quebec

Black Tusk Resources Inc. Permitting to Drill Up to 2,500 Metres Mogold and PG Highway Projects, Quebec

Black Tusk Resources Inc. ("Black Tusk" or the "Company) (C:TUSK)(OTC Pink:BTKRF)(FRA:0NB) is pleased to announce that the company is in the process of obtaining permits to drill on their PG Highway and MoGold projects located north of Val d'Or, Quebec

On the PG Highway property TMC Geophysique recently completed deep-penetrating Pulse-EM -Time Domain Electromagnetic (TDEM) surveying to cover zones targeted through geologic assessment and rock sampling. The TMC Geophysical report concludes that the newly acquired surface TDEM data identified of a group of strong conductive anomalies in places coincident with areas of rock exposures that contained significant percentages of pyrite and pyrrhotite. The geology along the trend is interpreted to have potential for Volcanogenic Massive Sulphide (VMS) mineralization (see News Release dated 2022-08-07). The zone of interest also displays magnetic features derived from Black Tusk 2021 surveys. The geophysical survey results combined with the geology and rock sampling provide compelling targets for further exploration.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Black Tusk Resources Inc. Geophysical Survey Results PG Highway Project, Quebec

Black Tusk Resources Inc. Geophysical Survey Results PG Highway Project, Quebec

Black Tusk Resources Inc. ("Black Tusk" or the "Company) (CSE:TUSK, FRA:0NB, OTC PINK:BTKRF) is pleased to provide a summary of results from geophysical surveying on the PG Highway (PGH) property located north of Val d'Or, Quebec

On the PGH property TMC Geophysique completed deep-penetrating Pulse-EM (Time Domain Electromagnetic, TDEM) surveying designed to test a one square kilometre area to cover zones targeted through geologic assessment and rock sampling. Rock samples obtained by Black Tusk returned significant values of copper, silver and zinc. The geology along the trend is interpreted to have potential for Volcanogenic Massive Sulphide (VMS) mineralization (see News Release dated 2022-03-07). The zone of interest also displays magnetic features derived from Black Tusk 2021 surveys. TMC Geophysique has provided to Black Tusk data and maps with a summary report of the survey results.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Black Tusk Resources Inc. Geophysical Survey Results MoGold Project, Val-D'or, Quebec

Black Tusk Resources Inc. Geophysical Survey Results MoGold Project, Val-D'or, Quebec

Black Tusk Resources Inc. ("Black Tusk" or the "Company) (CSE:TUSK), (OTC PINK:BTKRF), (FRA:0NB) is pleased to provide a summary of results from geophysical surveying on the MoGold property located north of Val d'Or, Quebec

On the MoGold property TMC Geophysique completed deep-penetrating Pulse-EM (Time Domain Electromagnetic, TDEM) surveying designed to test a four square kilometre area to cover zones targeted through geologic assessment and rock sampling. Rock samples returned significant values of copper, silver and zinc (See Black Tusk News Release dated 2022-03-07). The geology along the trend is interpreted to have potential for Volcanogenic Massive Sulphide (VMS) mineralization (see News Release dated 2022-03-07). The zone of interest also displays magnetic features derived from the Black Tusk 2021 surveys. TMC Geophysique is currently compiling the EM survey data and expects to soon provide maps and results.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Aurum earns 80% interest in Boundiali BM tenement

Aurum earns 80% interest in Boundiali BM tenement

Aurum Resources (AUE:AU) has announced Aurum earns 80% interest in Boundiali BM tenement

Download the PDF here.

Horizon Minerals Limited  Chairmans Address - 2024 AGM

Horizon Minerals Limited Chairmans Address - 2024 AGM

Perth, Australia (ABN Newswire) - Welcome to the 2024 Annual General Meeting of Horizon Minerals Limited (ASX:HRZ). Thank you for joining us today and for your ongoing support as shareholders. It is a privilege to address you as Chairman during what has been a pivotal year for our company.

Horizon made significant advances across resource development, business development and our production pipeline in the year. We achieved key milestones despite the challenges posed by volatile market conditions and change within our business, positioning us for strong future cashflows in what is a high gold price environment.

This past year we have worked tirelessly to secure two ore processing agreements, commenced two mining operations, completed the merger with Greenstone Resources Limited and are now into a proposed merger with Poseidon Nickel Limited.

The processing agreements with FMR Investments Pty Ltd (FMR) and Norton Goldfields Limited Pty Ltd (Norton) underpin our cashflows for the next 18 months and are in line with our strategy of generating cashflow from mining projects through low capital development using existing regional infrastructure and partners. We have sought and received government approvals and awarded contracts for mining at our Boorara and Phillips Find projects. At the same time, we have progressed further studies and approvals on other gold projects in our project pipeline to generate longer-term cashflow.

The merger with Greenstone brought in the Phillips Find project which we quickly turned on with joint venture partner BML Ventures Pty Ltd (BML). The Greenstone merger also brought the cornerstone Burbanks asset which we believe can underpin a larger development and gave us more critical mass in our resource base to look at owning our own plant and not be reliant on third party infrastructure. This is where the proposed merger with Poseidon is a natural pairing and if implemented would result in our in-ground assets being processed through the Poseidon Black Swan processing plant which we would propose to refurbish and repurpose as a gold plant.

As a publicly listed company on the ASX, we are acutely aware of our responsibilities to our shareholders and other stakeholders. Corporate governance remains a cornerstone of our business. This year, we strengthened our governance framework, ensuring alignment with ASX Corporate Governance Council Principles and Recommendations and began a process of Board renewal. We refreshed the Board, welcoming Grant Haywood as Managing Director and Warren Hallam as a Non-Executive Director. Also, I would like to pay our thanks to outgoing Non-Executive Directors Jon Price and Chris Hansen for their service and contribution to the Company.

Our Board undertook a thorough review of policies such as risk management, sustainability, and ESG practices, reinforcing our commitment to transparency and accountability. We also continue to uphold the highest ethical standards in our dealings, with robust systems in place to monitor compliance across our operations.

In the current economic and market environment, effective cost management is more important than ever. The Company successfully implemented measures to optimise our cost base while maintaining the ability to achieve operational excellence and business goals. At a Board level we reduced Directors from four to three, and our corporate compliment of personnel has not significantly increased even following the recent Greenstone merger.

Going forward, growth remains a key priority for Horizon. Looking ahead to next year and beyond, we plan to invest around $6 million in a planned 50,000m of exploration and resource drilling, focusing on strengthening our development pipeline and testing high-potential new targets. This includes drilling our cornerstone projects, including Burbanks and the greater Boorara area, to generate a targeted five year mine plan to supply the Black Swan processing facility that Horizon proposes to acquire and refurbish subject to successful completion of the proposed merger with Poseidon. Assuming a successful merger with Poseidon, we look forward to completing the processing and mining studies to transform the processing facility into a gold plant capable of generating strong cashflows and returns for all shareholders.

On behalf of the board, I would like to thank all of our loyal employees, contractors and business partners for their tireless efforts in what has been a very busy and productive time for Horizon. Finally, I would like to thank you, our fellow shareholders, for your continued support in what is a very exciting growth phase of the Company going forward.

Ashok Parekh
Non-executive Chairman

To view the 2024 AGM Presentation, please visit:
https://www.abnnewswire.net/lnk/117U3E8L



About Horizon Minerals Limited:  

Horizon Minerals Limited (ASX:HRZ) is a gold exploration and mining company focussed on the Kalgoorlie and Menzies areas of Western Australia which are host to some of Australia's richest gold deposits. The Company is developing a mining pipeline of projects to generate cash and self-fund aggressive exploration, mine developments and further acquisitions. The Teal gold mine has been recently completed.

Horizon is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core high grade open cut and underground projects and build a sustainable development pipeline.

Horizon has a number of joint ventures in place across multiple commodities and regions of Australia providing exposure to Vanadium, Copper, PGE's, Gold and Nickel/Cobalt. Our quality joint venture partners are earning in to our project areas by spending over $20 million over 5 years enabling focus on the gold business while maintaining upside leverage.

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×