Vancouver, British Columbia--(Newsfile Corp. - September 29, 2020) - Black Tusk Resources' (CSE: TUSK) (OTC PINK: BTKRF) (FSE:0NB) has received preliminary results from a 3D Induced Polarization Survey for its McKenzie East gold property. Val d'Or, Quebec-based Abitibi Geophysics was engaged to undertake a OreVision® IP survey over the main target zone on the McKenzie East gold property, he company's flagship gold project is The McKenzie East Gold Property, which comprises 2 claim groups separated by 1 kilometer, located 30 kilometers north of the city of Val-d'Or, Quebec.
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The IP survey lines were located within the northwest area of the McKenzie East property in order to trace possible gold-bearing structures similar those located on the McKenzie Break property located 2 kilometres west of the Black Tusk claims. A series of 1.5 kilometre long lines were tested by the IP survey, for a total of 7.5 kilometres. Abitibi will continue to process and model the 3D IP survey results to provide a more detailed visualization of the underlying bedrock and associated structures for drilling.
With the current permit allowing for 18 drill pads on the property, Black Tusk expects to be diamond drill testing the best targets defined by the data so far obtained, within the following months.
Richard Penn, President and CEO, stated: "The results of the IP survey are very encouraging, with Abitibi providing 5 new targets for potential drill testing. The targets have been modeled as high relative "Gold Index" on the resulting profiles. The IP targets are also supported by magnetic anomalies produced from the drone magnetic survey completed earlier this year. Soil sample MMI results also indicate potential for gold and copper to be associated with the geophysical targets. The beautiful thing about Val-d'or is you can drill all year round. It's fantastic infrastructure."
In addition to its McKenzie East Gold Property, the company currently holds 100% ownership in 4 other gold and palladium projects in the world-class Abitibi greenstone belt region of Val d'Or, Quebec. Black Tusk also owns a piece of the historic British Columbia gold mining scene, by way of the high-grade South Rim Gold Property in the Smithers Mining camp of central British Columbia.
The company is fully funded having recently closed an oversubscribed non-brokered private placement for gross proceeds of $2,368,606, which included $204,000 of flow through financing and $2,164,606 of non-flow through financing.
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