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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.
View original content: https://www.newswire.ca/en/releases/archive/November2020/11/c9406.html
Figure 1: Location Sonic drilling collars over Mt Boppy Rock Dump (left) and TSF3 PAF (right)
Figure 1. Location and regional geological setting of Impact’s Arkun and other projects in the emerging mineral province of southwest Western Australia. Also shown are recent additions to the Arkun project (ASX Release March 14th 2024). Significant nickel deposits are shown in orange, lithium deposits in green and gold deposits in yellow.
Figure 2. Hyperion REE Prospect: TREO+Y results and location of planned drill collars noted by black stars
Figure 1: Long Section of the Never Never Gold Deposit, Four Pillars and West Winds Gold Prospects looking East. New high-grade Pepper Gold Prospect with discovery hole DGRC1432 shown in pink. Note: consistency of gold grades in DGRC1432 (inset) and three additional drill-holes with logged mineralised intercepts above DGRC1432 defining the emerging Pepper Gold Prospect (assays pending).
Table 1: Mineralisation Description – DGRC1432 – Pepper Gold Prospect discovery intercept
Table 2: Mineralisation Description – DGDH064 – Visible Gold at 1,050m from Never Never in Fig.1 (previously reported)
Figure 1 Empire Mining Lease - Location of Empire Stock Work, Pinnacle & United Empire.