Tarku Resources Ltd. (TSXV:TKU) is a precious, base and strategic metals exploration company focused on the discovery and development of high-quality projects in mineral-rich landscapes like Québec and Arizona. The company believes in operating with environmental responsibility, social accountability and through a number of community partnerships. The company recently closed a US$2.5 million financing with a significant lead order from Eric Sprott to advance the exploration of their Tombstone Project.
Tarku Resources recently signed an agreement on its latest project in the Tombstone District of Arizona, which is located in the productive Laramide Belt and fully accessible by road. The area contains many historic mines, including Lucky Cuss, Luck Sure and Old Prompter, which have a distinct lineage of silver and copper production. Tarku Resources has obtained a strategic position in this district and an earn-in interest of 75 percent over three years on 1,250 hectares of mineral claims.
The company also has six properties in Québec, the world’s fourth-best mining jurisdiction. Its three Matagami gold-base metal properties — Admiral, Apollo and Atlas — form Tarku’s “Three A’s” project. Each property is accessible by public roads year-round. The properties lie in the Rivière Waswanipi (RWSZ) and Lac Olga (LOSZ) shear zones, believed by Tarku’s experienced technical team to be an extension of the Sunday Lake Fault, an area known for its high-grade potential for gold and base-metal mineralization. Tarku is currently preparing a drilling campaign that focuses on high-priority targets on its Apollo project.
The company is led by an experienced management team with a proven track record of successful discovery. Tarku’s team believes in the strategic exploration of areas with robust geologic potential and high social acceptability, reducing investment risk, increasing wealth-sharing with host communities, and benefitting from alliances with local groups. Tarku’s chairman, Bernard Lapointe, founded Arianne Resources (now Arianne Phosphate (TSXV:DAN)) and contributed to the discovery and extensive development of the Lac à Paul phosphate project, one of the largest phosphate projects in the world. The project is expected to produce 3 million tonnes of phosphate concentrate each year.
Tarku Resources’ Company Highlights
- 100% ownership on six properties in Québec, the fourth-best mining jurisdiction in the world.
- Recently obtained a strategic position in the Tombstone District of Arizona.
- Exploration underway at Matagami projects, Québec.
- Experienced management and technical team with a strong shared history of discovery success.
- Strong focus on environmental responsibility, social acceptability and community partnerships.