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Black Tusk Resources Inc. (CSE:TUSK, OTC PINK:BTKRD) announced the issuance of 1,950,000 stock options, priced at $0.07 per share. Of these options, 1,250,000 were allocated to the Company’s directors and officers. This move is part of the Company’s strategy to incentivize leadership and align their interests with shareholder value. Black Tusk emphasizes that forward-looking statements regarding exploration expenditures are subject to various risks and should not be solely relied upon.
Black Tusk Resources is reviewing the Lorrain Property in Quebec for its nickel potential. The site encompasses 2,208.4 hectares and includes historic mineral showings of disseminated pyrite, magnetite, and chromite. Previous drill core samples reported up to 0.48% Cr and 0.27% Ni. Future exploration will involve mapping and sampling, along with a detailed magnetic survey. The Company expresses optimism about ongoing explorations in the region, with potential drilling anticipated in 2023.
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