Precious Metals

Tarku Resources (TSXV: TKU) (OTCQB: TRKUF) (FSE: 7TK), an exploration company focused on new discoveries in favourable mining jurisdictions such as Quebec and Arizona, has released results for holes SS21-006 to SS21-010 from its 2021 drill program on its high-grade Silver Strike Project in Arizona. The Silver Strike Project is located in the famous Tombstone Mining district, one of the earliest silver mining areas in the western United States that started producing numerous silver mines in 1877.

For more information, please view the InvestmentPitch Media "video" which provides additional information about this news and the company, along with some comments from Julien Davy, President and CEO of Tarku Resources. If this link is not enabled, please visit and enter "Tarku" in the search box.

Hole SS21-007 intersected 3 metres grading 397 g/t silver, 3.85 g/t gold, 0.20% copper, 2.73% lead and 2.70% zinc or 855 g/t silver equivalent at the depth of 6.1 metres, including 1.5 metres grading 720 g/t silver, 6.44 g/t gold, 5.08 % lead, and 5.05% zinc or 1,515 g/t silver equivalent. The same hole also intersected 1.5 metres grading 180 g/t silver equivalent at 15.2 metres depth and 1.5 metres grading 264 g/t silver equivalent at 74.7 metres depth, supporting the stacking interpretation of several high-grade veins within the same Lucky Cuss structure.

Holes SS21-006 and 007 revealed that the targeted Lucky Cuss structure encounters several high-grade mineralized zones that appear to be dipping at low angle to sub-horizontal within the north-south structure. If proven, this unexpected flat vein orientation within steeply dipping structures could help the company to better target its future exploration programs.

This recently completed 23-hole drill program, Tarku's first drill program on the Silver Strike project, totaled 2,791 metres, which tested the potential for high-grade silver in 5 different zones, with assays pending for the remaining 13 holes. Due to the presence of some significant gold and base metals results, a silver equivalent index was calculated using a price of $1,800 an ounce for gold and $24 an ounce for silver.

The company is using the project generation model and also holds 100% of 6 projects in Quebec in an area with a long and proven history of gold & base metal production.

In October, the company raised gross proceeds of $2.5 million from the placement of 25 million units priced at $0.10 per unit, which included a strategic investment of $1,055,000 from Eric Sprott, through his private company. The shares are trading at $0.13.

For more information, please visit the company's website at, contact Julien Davy, President and CEO, by email at

About InvestmentPitch Media

Investmentpitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

InvestmentPitch Media
Barry Morgan, CFO

To view the source version of this press release, please visit

News Provided by Newsfile via QuoteMedia

us money with up and down arrows

Top Stories This Week: Gold Price Breaks US$1,800, Market Eyes Fed's Next Move


This week started off slow for gold, but the yellow metal picked up pace mid-week, rising to just above US$1,800 per ounce by Thursday (December 1). It closed out the five day period around that level.

Diverse factors continue to impact the gold price, but chief among them right now are recent comments from US Federal Reserve Chair Jerome Powell. During a closely watched Brookings Institution speech on Wednesday (November 30), he said that smaller interest rate hikes are coming and could start as early as this month.

"(I)t makes sense to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down. The time for moderating the pace of rate increases may come as soon as the December meeting" — Jerome Powell, US Federal Reserve
Keep reading...Show less
i-80 Gold Corp.

i-80 Gold Corp.

i-80 Gold Corp is a well-financed gold producer and developer holding an impressive portfolio of advanced-stage gold projects in the State of Nevada. The company's primary goal is to build a self-sustaining, mid-tier, mining company with a peer-best growth platform by employing a methodical, capital disciplined and staged approach to minimize risk while also assessing and monitoring for accretive growth opportunities.

gold bars

Top 5 Gold Stocks on the TSX (Updated November 2022)

Click here to read the previous best gold stocks article.

The gold price is finally gaining some ground after falling below US$1,650 per ounce in September for the first time since 2020. The yellow metal neared US$1,800 in mid-November and is now sitting above US$1,750.

Even so, gold is still under pressure, and some experts think now is the time to buy. The Investing News Network spoke with Mark Yaxley, managing director of bullion dealer SWP, twice in November, and he shared his advice on buying bullion both times.

"My advice … to my clients, who are mostly Canadians and Americans, is maybe you should be mirroring eastern investors and taking advantage of these dips at this price level," he said in his first interview, explaining that westerners often wait for positive price performance to buy gold. In the second discussion, he shared his three guidelines when buying bullion.

Keep reading...Show less
Quadro Resources

Quadro Announces Private Placement

Quadro Resources Ltd. (“Quadro” or the “Company”) (TSXV: QRO, OTC Pink: QDROD, FRA: G4O2) is pleased to announce that, subject to regulatory approval, it will conduct a non-brokered private placement of up to 10,000,000 units (the “Units”), each Unit priced at $0.05 and consisting of 1 common share of the Company and 1 common share purchase warrant (the “Unit Warrants”), each Unit Warrant being exercisable for an additional common share of the Company at $0.10 for 12 months from closing, and up to 8,333,333 flow-through units (the “FT Units”), each FT Unit priced at $0.06 and consisting of 1 flow-through share and one half common share purchase warrant (the “FT Unit Warrants”), each full FT Unit Warrant being exercisable at $0.12 for a common share of the Company for 12 months, to raise proceeds of up to a total of $1,000,000.

Keep reading...Show less
Quadro Resources

Quadro Shares Results From Its Optioned Staghorn Property

Quadro Resources Ltd. (“Quadro” or the “Company”) (TSXV: QRO, OTC Pink: QDROD, FRA: G4O2) is pleased to announce high grade gold results from recent work completed by TRU Precious Metals Corp. (“TRU”) on TRU’s recently optioned Staghorn property in Central Newfoundland. This work was completed within the Staghorn option along the Mark’s Pond Shear zone and within the Rich House Mineral occurrence further to the Northeast.

This zone was first identified in 2018 by Quadro technical staff during the execution of a short trenching program. Follow up work including diamond drilling was then able to confirm the presence of a broad, extensive shear zone with multiple parallel high strain gold bearing structures which remains open to the North and along strike to the Northeast and the Southwest.

Keep reading...Show less

Latest Press Releases

Related News