Tarku update on its Silver Strike Project, Tombstone District, Arizona - 26% completed drill program and new grab sample results up to 778 g/t Ag

Tarku Resources Ltd (TSX-V: TKU) (FRA: 7TK) (the "Company" or "Tarku") is pleased to provide an update on its 2021 drilling program on its high-grade Silver Strike project, Arizona and also releases the latest results up to 778 gt Ag on the grab samples taken during its December 2020 field visit.

As previously disclosed, the first drilling program of 2021, at the Silver Strike project, is now underway. As of today, 26% of the total 3,000-meters reverse circulation drill has been completed and the samples have been sent to ALS Chemex laboratory in Tucson . Results for those first samples are expected in May 2021 . The initial targets tested were 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 . Further away from the historical mines area, targets to be drilled are on the South West extensions along regional NNE and EW fault systems including the Ground hog, the Sunset, the Ace in the Hole and the Solstice area.

Julien Davy , President and CEO of Tarku, stated: "A first drill program on a new exploration project is always challenging and thrilling. We are on schedule and I am satisfied with the drilling progress. The team on site is efficient and their geological expertise is of great value. The program until now confirmed the alteration encountered is advanced oxidation, similar to that reported in the historical works and is the commonly founded alteration in this Silver type of mineralization. We are looking forward for the first results early May".

Tarku is also pleased to report new results from the 8 grab samples taken on the Silver Strike project during the December 2020 field visit. The following table summarized all results received:

Description

Ag (g/t)

Au (g/t)

Mn (%)

Cu (%)

Zn (%)

Remark

Randolf Mine

1.0

nill

0.16

0.01

0.03

Previously reported

Solstice Mine

45.0

0.10

2.39

0.01

0.32

Previously reported

Ace in the Hole Mine

35.6

0.04

2.12

0.00

0.62

Previously reported

Ace in the Hole Mine

146.0

0.09

6.07

0.04

0.52


Ground Hog Mine

778.0

0.65

14.65

1.63

0.26


Ground Hog Mine

2 030.0

0.13

> 10.0 *

0.72

5.77

Previously reported

Junietta Mine

8.6

0.14

0.20

0.00

0.03


Junietta Mine

434.0

0.37

16.60

0.09

8.75


* Over limit assay result still pending.

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 - FRA: 7TK)

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.

Please follow @TarkuResources on LinkedIn, Facebook, Twitter and Instagram.

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/April2021/01/c3214.html

News Provided by Canada Newswire via QuoteMedia

The Conversation (0)
Trailbreaker Resources Announces Exchange Approval Of COHO Property Option

Trailbreaker Resources Announces Exchange Approval Of COHO Property Option

Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce that the TSX Venture stock exchange (the “Exchange”) has approved the option agreement for Trailbreaker to acquire a 100% interest in the Coho property, central British Columbia (BC).

The 8,000-hectare Coho property covers a copper-gold (Cu-Au) porphyry target located 90 km north of Fort St. James, BC, and 30 km west of the Mount Milligan mine. Historically named the Chuchi South property, Trailbreaker renamed the project as the Coho property when the Company announced the acquisition on May 26, 2025 (see news release).

Keep reading...Show less
​​Magmatic Closing In on Potential New Copper-Gold Porphyry Discovery at Calais

​​Magmatic Closing In on Potential New Copper-Gold Porphyry Discovery at Calais

Myall FJVA Project (Farm-in and Joint Venture with Fortescue)

Magmatic Resources Limited (‘Magmatic’ or ‘the Company’) is pleased to provide an update on ongoing activities at our Myall Project with FMG Resources Pty Ltd (‘Fortescue’), a wholly-owned subsidiary of Fortescue Ltd (ASX:FMG) near Narromine in New South Wales.

Keep reading...Show less
Stack of shiny gold bars with embossed details.

Metals Focus: Gold to Average US$3,210 in 2025 as Central Banks Buy and Trade Tensions Grow

Leading gold analysis firm Metals Focus published its annual flagship Gold Focus report on Thursday (June 5).

The report outlines the key trends influencing the gold market and price over the past year, noting that the metal experienced a remarkable run in 2024, driven by improving investor sentiment toward the yellow metal.

Throughout the year, the gold price surged at a blistering pace, starting 2024 at around the US$1,980 per ounce mark and reaching a peak of US$2,790 at the end of October. Since then, gold has continued to climb, setting repeated record highs since the start of 2025 — the most recent occurred on May 6, when gold reached US$3,437.

Keep reading...Show less
Marvel Gold Limited

Signing of Binding Share Purchase Agreement Tabakorole and Yanfolila, Mali

Marvel Gold Limited (ASX: MVL) (Marvel or the Company) is pleased to announce that it has entered into a binding Share Purchase Agreement (Agreement) with Anchises Capital LLC (Anchises) to sell its interests in the Tabakorole and Yanfolila Gold Projects in Mali via the sale of the issued capital of Marvel’s wholly owned subsidiaries, Marvel Gold Australia Pty Ltd, Sola Mining SARL and Yanfo SARL (Subsidiaries) that hold Marvel’s interests in the Tabakorole and Yanfolila Gold Projects (Transaction).

Keep reading...Show less
Asra Minerals Limited

Asra Strengthens Leadership & Technical Team to Drive Leonora Gold Strategy

Asra Minerals Limited (ASX: ASR; “Asra” or “the Company”) is pleased to announce key updates to its leadership and technical team. Effectively immediately, Mr Paul Stephen has been appointed Managing Director, and Mr Ziggy Lubieniecki has been engaged as a Geological Consultant to assist Asra Minerals’ exploration programs.

Keep reading...Show less
Harvest Gold President and CEO Rick Mark.

Harvest Gold CEO Outlines Strategic Play in Québec’s Gold-rich Abitibi Region

Harvest Gold (TSXV:HVG) President and CEO Rick Mark believes the company has a strong position in Québec's Abitibi greenstone belt, emphasizing the highly prospective Urban-Barry belt, "a very well-known mine-producing belt."

In an interview with the Investing News Network, Mark also honed in on Québec's supportive mining environment and accessible properties, which keep exploration costs "relatively very inexpensive."

“The exciting thing about the Urban-Barry belt is it contains a (gold) deposit called Windfall, which Gold Fields (NYSE:GFI) just bought from Osisko Mining,” Mark noted. “Now, the interesting thing about that as well is that the belt itself is basically owned by Gold Fields, except for the three large properties that Harvest Gold has in the belt.”

Keep reading...Show less

Latest Press Releases

Related News

×