Tarku starts drilling on its Silver Strike Project, Tombstone District, Arizona

Tarku Resources Ltd (TSX-V: TKU) (the "Company" or "Tarku") is pleased to announce that drilling equipment has been mobilized this week to initiate its first drill program on its high-grade Silver Strike project, Arizona .

Located in the famous historical Silver district of Tombstone, Arizona , Tarku's 3,000-meters reverse circulation drill program will start on March 8, 2021 and will include about 22 holes targeting 5 different areas on the project. Currently, a team is on site to follow and analyse the drill progress as well as to conduct other geological activities including, surface mapping, and additional sampling to enhance understanding of the mineralized zones that are known to be controlled by regional structures. Tarku' strategy for this first drill program of the project is as follows:

1)

To test various early-stage and advanced targets (about 1,200 meter of drilling): the initial targets to be tested will include the Lucky Cuss, the Luck Sure, the Telephone and the Bunker Hill past mines which have produced high-grade silver and have been explored only to a maximum depth of 200 m. Interpretations to date suggest that those mines have sub-vertical high-grade silver mineralisation ore-shoots that are extending at depth that could repeat themselves along regional structure on their lateral extensions.

2)

To target South West extensions along regional NNE and EW fault systems (about 1,800 meter of drilling) at the Prompter and the Rattlesnake Faults. Targeted areas include the Ground hog, the Sunset, the Ace in the Hole and the Solstice area.

IMPORTANTLY, the above projected exploration activities are subject to Covid-19 restrictions in Arizona . While the Company's recent work programs have been relatively unimpeded, there is a risk that tighter restrictions may impact the Company's ability to conduct fieldwork.

Qualified persons

Julien Davy , P.Geo., M.Sc, MBA, President and Chief Executive Officer of Tarku, is the qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects who prepared, supervised and approved the technical information in this news release.

About Tarku Resources Ltd. (TSX.V: TKU)

Tarku is an exploration company focused on making new discoveries in favourable mining jurisdictions as Quebec and Arizona . 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 , in the Tombstone district, Tarku owns the option to acquire 75% on 20km2 in the Silver Strike project.

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/March2021/04/c7695.html

News Provided by Canada Newswire via QuoteMedia

The Conversation (0)
Tarku Resources

Tarku Resources

Overview

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.

Keep reading...Show less

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

Gold bars with rising graph overlay and text "Weekly Editor's Picks."

Editor's Picks: Gold Knocks Out Inflation-Adjusted High, Silver Breaks US$42

Gold's record-setting price run continued this week, with yet another new all-time high in the books. Silver also fared well, breaking US$42 per ounce.

According to Bloomberg, gold has now also surpassed its inflation-adjusted all-time high of US$850 per ounce, which it set more than 45 years ago on January 21, 1980. The news outlet notes that at the time the US was dealing with currency issues, inflation and recession concerns.

These are problems that sound all too familiar today. This week brought the release of the latest US consumer price index (CPI) data, which shows a 0.4 percent month-on-month increase for the all-items index — that's ahead of estimates and the most since the start of 2025.

Keep reading...Show less
Gold pan holding pieces of gold from creek placer deposit, with words '5 Top Canadian Mining Stocks This Week.'

Top 5 Canadian Mining Stocks This Week: Guardian Exploration Gains 94 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.

On Thursday (September 11), Canadian Prime Minister Mark Carney revealed the first tranche of projects selected by the newly created Major Projects Office.

The goal of the office is to accelerate timelines for projects deemed to be in the national interest, which include infrastructure, natural resources and technology. The office is being led by Dawn Farrell, who previously served as president and CEO of TransAlta (TSX:TA) and Trans Mountain. Three of the five projects announced are well into permitting or development and the Prime Minister said that the intention was to help them with a final regulatory push or to find the financing needed to complete.

Keep reading...Show less
Hamak Gold

Admission to Trading on the OTCQB Market

Hamak Gold Limited (LSE: HAMA / OTCQB: HASTF), a company combining traditional gold exploration in West Africa with a Digital Asset Treasury Management strategy, is pleased to announce that the Company's shares have been admitted to trading on the OTC Venture Market ("OTCQB") in the United States, under the symbol "HASTF". No new Ordinary Shares have been issued by the Company for this parallel trading of its shares.

The purpose of the listing of shares on the OTCQB is to broaden the Company's exposure to the North American investor markets and to increase trading liquidity in a drive to deliver shareholder value.

Keep reading...Show less
Stock market display with "Mergers and Acquisitions" in green and white text.

Barrick’s Plan to Sell Hemlo Mine for US$1 Billion Marks Canadian Exit

Barrick Mining (TSX:ABX,NYSE:B) has agreed to sell its Hemlo gold mine in Ontario for up to US$1.09 billion, transferring one of Canada’s most storied gold operations to a new owner and continuing Barrick’s shift away from non-core assets.

The company announced on Thursday (September 11) that Carcetti Capital (TSXV:CART.H,LSE:ORUG), which will be renamed Hemlo Mining (HMC), will acquire the mine under terms that include US$875 million in cash, US$50 million in HMC shares, and as much as US$165 million in contingent payments tied to future gold prices and production.

Barrick president and chief executive Mark Bristow said that the sale is part of the company’s ongoing capital allocation approach, noting that proceeds will help bolster the company’s balance sheet and fund returns to shareholders.

Keep reading...Show less
Gold nuggets beside text: "5 Top Australian Mining Stocks This Week."

Top 5 Australian Mining Stocks This Week: Zenith Minerals Strikes Gold at Red Mountain

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.

Companies focused on a mix of minerals and resources once again form this week’s top stocks list, including ones searching for gold, rutile, graphite, lithium and oil.

Significant news, including broad mineralisation discoveries and new acquisitions, drove the top performers this week, which you can learn more about in the list below.

Looking at the bigger picture, Australian lithium stocks took a hit this week following the announcement of Chinese battery giant Contemporary Amperex Technology's (SZSE:300750,HKEX:3750) reported production restart at its Jianxiawo lithium mine in Yichun. Lithium prices and mining companies had previously been lifted in mid-August after the mine was suspended.

Keep reading...Show less
Toronto Stock Exchange sign on a stone wall.

Newmont to Exit Toronto Stock Exchange as Cost Cuts Deepen

Newmont (TSX:NGT,NYSE:NEM,ASX:NEM) is preparing to withdraw from the Toronto Stock Exchange later this month, the latest in a string of moves to streamline operations and rein in costs following its US$15 billion takeover of Newcrest Mining in 2023.

The Denver-based miner said Wednesday it has applied for a voluntary delisting of its common shares from the TSX, effective at the close of trading on September 24.

Keep reading...Show less

Latest Press Releases

Related News

×