Tarku announces the Grant of Stock Options and Board appointment

Tarku Resources Ltd (TSXV: TKU) (the "Company" or "Tarku") announces that the board of directors has approved the grant of 3,200,000 stock options ("Options") pursuant to the Company's Stock Option Plan. The options, which were granted to directors, officers and consultants of the Company, are exercisable at a price of $0.17 per share. If not exercised, the Options will expire on November 11, 2025 subject to earlier expiration in accordance with the Stock Option Plan and the applicable policies of the TSX Venture Exchange.

Changes to the Board

The Board of Directors of Tarku also announces the appointment of Mr. David Watkinson , P.Eng. as Independent Director to the Board of Directors, effective immediately. Concurrent with Mr. Watkinson's appointment, the Board of Directors has accepted the resignation of Mr. Tim Termuende , who has served the Company as a founding board member for over nine years. The Board wishes to thank Mr. Termuende for his service to the Company and its shareholders and wish him well in his future endeavours.

Mr. Watkinson brings over 35 years of professional engineering experience in underground and open pit mine development, including mine permitting, engineering, feasibility, construction, and operations to Tarku. In addition, Mr. Watkinson has extensive experience in project management, having taken projects from grass roots start-up to successful operating status. Mr. Watkinson has been responsible for management of large capital projects and operations in Canada , the United States and the Philippines . He has progressively held senior positions with Placer Dome Inc., Kinross Gold Corporation, Thyssen Mining Construction and Vulcan Materials Company. Mr. Watkinson holds a B.Sc. in Applied Science, Mining Engineering, from Queen's University in Kingston, Ontario (1985) and is a Registered Professional Engineer in the Province of Ontario . He is President and CEO of Emgold Mining Corporation.

Julien Davy , president & CEO of Tarku, stated: " On behalf of the board, I would like to warmly welcome David to the Tarku Board of Directors. His strong experiences in the development of exploration projects will be extremely valuable to Tarku looking at our Tombstone property in Arizona . We look forward to working with him as we see renewed interest in exploration for gold, silver and base metals ."

About Tarku Resources Ltd. (TSXV : TKU)

Tarku is an exploration company focused on making new discoveries in favourable mining jurisdictions. In Quebec , Tarku owns 100% on the " Three A 's" exploration projects, (Apollo, Admiral and Atlas Projects), in the Matagami greenstone belt, which has been interpreted by management as the eastern extension of the Detour Belt, and which has seen recent exploration successes by Midland Exploration Inc., Wallbridge Mining Company Ltd., Probe Metals Inc. In Arizona , Tarku owns the option to acquire 75% on 20km2 in the Silver Mining District of Tombstone.

Website: www.tarkuresources.com
LinkedIn: https://www.linkedin.com/company/11151575/
Facebook: https://www.facebook.com/tarkuresources/
Twitter: https://twitter.com/TarkuResources

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Tarku's periodic reports including the annual report or in the filings made by Tarku from time to time with securities regulatory authorities.

SOURCE Tarku Resources Ltd.

Cision View original content: https://www.newswire.ca/en/releases/archive/November2020/11/c9406.html

News Provided by Canada Newswire via QuoteMedia

The Conversation (0)
Tarku Resources

Tarku Resources

Exploration and Development of Precious and Base Metals in Quebec and the USA

Gold bars and rising graph; "5 Top Canadian Mining Stocks This Week" text overlay.

Top 5 Canadian Mining Stocks This Week: Prospector Metals Gains 356 Percent

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.The big event impacting markets this week was the shutdown of the US government. Although... Keep Reading...
Gold nugget, stock chart,and US flag with "Weekly Editor's Picks" text.

Editor's Picks: Gold Price Sets Sights on US$3,900, Silver Breaks US$48

The gold price continued to move this week, approaching the US$3,900 per ounce level and setting a fresh all-time high on the back of a US government shutdown.The closure came after Congress failed to reach an agreement on a spending bill ahead of the new American fiscal year, which began on... Keep Reading...
Gold "M&A" letters on textured wood background with lighting effects.

Minera Alamos Closes Nevada Mine Acquisition, Expands US Gold Footprint

Minera Alamos (TSXV:MAI,OTCQX:MAIFF) has completed its purchase of the Pan gold mine and two development-stage projects in Nevada from Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX).The Toronto-based company said Wednesday (October 1) that it closed the previously announced transaction to acquire the... Keep Reading...
Option Exercise Nets $2.3M to Expand Exploration at Pinjin

Option Exercise Nets $2.3M to Expand Exploration at Pinjin

Kalgoorlie Gold Mining (KAL:AU) has announced Option exercise nets $2.3M to expand exploration at PinjinDownload the PDF here. Keep Reading...
Adam Rozencwajg, gold bars.

Adam Rozencwajg: Gold's Record Run Not Over Yet, Silver Still Looks Cheap

Adam Rozencwajg, managing partner at Goehring & Rozencwajg, discusses the factors driving gold's current price run and why he thinks it will continue. "I think that this rally is sustained. I think that it's going on until I see otherwise," he said. Don't forget to follow us @INN_Resource for... Keep Reading...
Gold bar on nuggets with "5 Top Australian Mining Stocks" text overlay.

Top 5 Australian Mining Stocks This Week: Nelson Resources Soars on Deal to Advance Yarri Project

Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks listed on the ASX, starting with news in Australia's resource sector.Gold companies dominate this week's list of top gainers as the metal continues to soar. In mining company news, BHP... Keep Reading...

Latest Press Releases

Related News