Black Tusk Provides Results from Diamond Drilling on Lorrain Property, Abitibi Greenstone Belt, Quebec

Rhea-AI Summary

Black Tusk Resources has announced results from diamond drilling at its Lorrain Property in Quebec, completing 323.3 meters across three drill holes.

Notable results include a peak platinum assay of 0.0167 ppm and elevated gold levels of 0.123 ppm. Drill holes also detected cadmium, cobalt, copper, nickel, lead, and zinc concentrations. The program aimed to verify historical drill results, although some holes were abandoned or did not meet initial expectations.

Additionally, the company reported the resignation of Director Perry Grunenberg, who will continue as a consultant.

Positive

• Drilled 323.3 meters across three holes, indicating ongoing exploration activity.
• Discovery of elevated metals, including platinum and gold, suggesting mineralization potential.
• Potential for further drilling to assess mineralization up to 200 meters.

Negative

• No significant platinum or palladium results above expectations from drill holes.
• One hole was abandoned due to unexpected overburden depth.
• Limited data on true widths of mineralization hampers understanding of resource potential.

VANCOUVER, BC / ACCESSWIRE / June 21, 2021 / Black Tusk Resources Inc. ("Black Tusk" or the "Company) (CSE:TUSK)(OTC PINK:BTKRF)(FRA:0NB) is pleased to announce the results from diamond drilling on its Lorrain Property located near Lorrainville in western Quebec. The company completed a total of 323.3 metres of diamond drilling over three holes on the property. The drill hole locations and orientations are provided below.

Table 1 - Lorrain Property 2021 Drill Hole Summary

DDH_id	Az	Dip	Length	UTMN83Z18East	UTMN83Z18North
LO-21-01	340	-65	60.8	626357	5244310
LO-21-02	340	-65	150	626366	5244537
LO-21-03	340	-60	112.5	626366	5244419

The Black Tusk geologic team logged the drill core and sent 21 core samples to ALS Laboratory located in Val d'Or for analysis. At the laboratory the samples were processed by ALS's ME-ICP41 multielement package that includes Pt and Pd. No highly elevated results for Pt or Pd were reported from the drilling, but a section from hole LO-21-01 returned somewhat elevated values with the highest Pt assay of 0.0167 ppm returned from a one metre interval (59-60m). Drill holes LO-21-02 and 03 returned Pt and Pd results marginally above the lower detection limits for analysis (Pt 0.0005 ppm, Pd 0.001 ppm. The Pt and Pd results are tabulated in the following table. Results are in ppm.

Table 2- Lorrain Diamond Drilling Pt Pd (ppm) results

Hole id	From	To	Width*(m)	Sample	Pt_ppm	Pd_ppm
LO-21-01	54	55	1	B0116451	0.0137	0.009
LO-21-01	55	56	1	B0116453	0.0143	0.01
LO-21-01	56	57	1	B0116454	0.014	0.009
LO-21-01	57	58	1	B0116455	0.0142	0.009
LO-21-01	58	59	1	B0116457	0.0154	0.01
LO-21-01	59	60	1	B0116458	0.0167	0.011
*Core length sampled, true width of intercept may differ and be less than the core length.

As well, elevated values of cadmium, cobalt, copper, nickel, lead and zinc were noted within the sample results. These are detailed on the following table. This includes a single 1.9 metre sample taken from hole LO-21-03 that returned an elevated gold value of 0.123 ppm (82.2-84.1m). True width of intercept for all sampling is yet unknown due to the limited knowledge of the geologic orientations. All results are in ppm.

Table 3 - Lorrain Diamond Drilling elevated elemental values

Hole id	From	To	Wdth(m)	Sample	Cd	Co	Cu	Ni	Pb	Zn
LO-21-02	52	53	1	B0116459	<0.5	29	4	2410	3	25
LO-21-02	62	63	1	B0116461	<0.5	37	4	2580	4	13
LO-21-02	72	73	1	B0116462	<0.5	56	2	2730	5	21
LO-21-02	82	83	1	B0116464	<0.5	56	2	2880	3	14
LO-21-02	92	93	1	B0116465	<0.5	68	2	2740	2	14
LO-21-02	102	103	1	B0116467	<0.5	69	4	2830	4	16
LO-21-02	112	113	1	B0116468	<0.5	70	2	2870	3	16
LO-21-02	122	123	1	B0116469	<0.5	67	2	3250	3	15
LO-21-02	132	133	1	B0116470	<0.5	62	5	2640	4	24
LO-21-02	142	143	1	B0116471	<0.5	382	5	2690	<2	5
LO-21-03	82.2	84.1	1.9	B0116472	<0.5	4	7	8	2	17
LO-21-03	87	88	1	B0116473	56.3	60	14	132	1825	8200
LO-21-03	99.5	100.5	1	B0116474	<0.5	35	538	91	13	87
LO-21-03	106	107.05	1.05	B0116475	25.4	37	122	117	61	4630
LO-21-03	108.4	109	0.6	B0116476	40.5	36	87	146	1770	7110

The intent of this round of drilling was to verify results from a 2001 drill hole completed by Exploration Tom Inc (LA-01-06). The drill log for this historic hole recorded assay results for Cu, Ni, Pt, Pd that are considered significant by the Black Tusk geologic crew (see Black Tusk News Release dated March 8, 2021). Hole LO21-01 was collared upon the coordinates provided on the historic drill log. The field geologist noted that the depth of overburden did not match with that shown on the historic log, and the hole was abandoned after coring 8 metres into bedrock. Holes LO21-02 and LO-21-03 were then stepped to the north in search of other possible locations to verify hole LA-01-06.

Hole LO-21-01 intersected fine grained andesitic bedrock with minor veining and pyrite. Hole LO-21-02 intersected serpentinized ultramafic rock with magnetite. Hole LO-21-03 intersected fine grained andesite with lamprophyre dykes and traces of sphalerite. Sample results from hole LO-21-03 returned up to 8,200 ppm zinc.

The magnetic high feature targeted in the 2021 drilling outlines the magnetized ultramafic rocks that are the potential source of PGE mineralization. The highest Pt and Pd results were from hole LO-21-01 which was set on the coordinates provided on the historic drill log. The Black Tusk geologic team are currently assessing the 2021 drill results, with potential for continuing hole LO-21-01 to the targeted depth of 200 metres in order to fully test the mineralization potential.

The Black Tusk diamond drilling program was supervised by VD Géo Service based in Val d'Or, including Black Tusk company director Dr. Mathieu Piché, OGQ. The geological crew report that the targeted ultramafic rocks were intersected in drilling in at least one of the drill holes.

Drill core from the Lorrain Property was logged and sampled at the Black Tusk secure facility located near Val d'Or. Samples were taken directly to AlS lab in Val d'Or by the Black Tusk crew. Drill core and associated samples are continuously under custody of the Black Tusk team members until delivered to the lab. Black Tusk undertakes QA/QC procedures including insertion of blanks and standards at regular intervals into the sample stream.

In addition to the Lorrain drill program update, the company announces the resignation of Director, Perry Grunenberg. Mr. Grunenberg will remain with Black Tusk in a exploration geologist consultant capacity.

Cautionary Statement

This press release contains forward-looking statements based on assumptions as of that date. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to exploration and development; the ability of the Company to obtain additional financing; the Company's limited operating history; the need to comply with environmental and governmental regulations; fluctuations in the prices of commodities; operating hazards and risks; competition and other risks and uncertainties, including those described in the Company's Prospectus dated September 8, 2017 available on www.sedar.com . Accordingly, actual and future events, conditions, and results may differ materially from the estimates, beliefs, intentions, and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.

On behalf of the Board of Directors

Richard Penn
CEO
(778) 384-8923

SOURCE: Black Tusk Resources Inc.

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FAQ

What recent activity has Black Tusk Resources conducted at the Lorrain Property?

Black Tusk Resources has completed diamond drilling totaling 323.3 meters across three holes at the Lorrain Property.

What were the results of the diamond drilling performed by Black Tusk Resources?

The results included a peak platinum assay of 0.0167 ppm and elevated gold levels of 0.123 ppm.

What challenges did Black Tusk Resources face during the drilling at Lorrain?

One drill hole was abandoned due to discrepancies in expected overburden depth.

Who resigned from the board of Black Tusk Resources recently?

Director Perry Grunenberg has resigned but will remain as an exploration geologist consultant.

What is the significance of the elevated metal levels found in the drilling results?

The elevated levels suggest potential mineralization, warranting further exploration and analysis.