Black Tusk Resources Inc. Completes Diamond Drilling on the McKenzie East Gold Project, Val-d’Or, Quebec

Rhea-AI Summary

Black Tusk Resources announced initial results from its McKenzie East gold property, located north of Val d'Or, Quebec. Notably, drill hole MKE-21-03 yielded significant findings, including a visible gold grain and a weighted average of 0.61 grams per tonne (gpt) Au. The most promising results came from MKE-21-03, showing 2.6 gpt Au over an interval of 0.35m, while MKE-21-01 reported 1.185 gpt Au over 1 metre. A total of eight diamond drill holes were completed, totaling 2,584 metres. Further results from remaining holes are expected soon, with ongoing analysis by Black Tusk's team.

Positive

• Significant gold findings from drill hole MKE-21-03, including visible gold.
• Weighted average of 0.61 gpt Au from samples containing visible gold.
• Total of 2,584 metres drilled and analysis indicates gold presence within veins.

Negative

• Drill hole MKE-21-04 did not return significant gold results.

VANCOUVER, BC / ACCESSWIRE / April 22, 2021 / Black Tusk Resources Inc. ("Black Tusk" or the "Company) (CSE:TUSK)(Frankfurt:0NB)(OTC PINK:BTKRF) is pleased to announce the results from the first four drill holes on the McKenzie East gold property located north of Val d'Or, Quebec. Results include 1.185 grams per tonne gold (gpt Au) over 1 metre from hole MKE-21-01.

The drill hole that showed the most promise during the drilling campaign was hole MKE-21-03. Geologic observations of that drill hole indicated a section of core that contained a visible gold grain of approximate 1mm by 2mm size, as well as veining, alterations and associated sulphide minerals over a wider interval. The sample interval that included the section with the visible gold was analyzed by metallic assay, as well as the adjoining samples. The results of that analysis are summarized below.

Results of Metallics Assay

Hole id	Sample id	From (m)	To (m)	Interval width** (m)	Au Total gpt	Au coarse gpt	Au fine gpt
MKE21-03	B0116055	87.3	88.3	1	0.35	2.6	0.3
MKE21-03	B0116056*	88.3	89.3	1	0.61	8.01	0.3
MKE21-03	B0116057	89.3	90	0.7	0.13	0.06	0.14
*Section containing visible gold ** True width not known

The section containing the visible gold returned a weighted average 0.61 gpt Au. However, the coarse fraction contained 8.01 grams per tonne indicating that coarse gold was a significant part of the overall content.

Black Tusk continued to test the geophysical features tested by hole MKE21-03 with holes MKE21-04 and MKE21-08. Hole MKE21-04 did not return significant gold results. Results are pending for the remaining holes.

Gold values returned from the first three holes of drilling include the following:

Summary of gold results holes 1 to 3 (not including metallic assays shown above)

Hole_id	Sample_id	From (m)	To (m)	Width* (m)	Litho	Augpt
MKE-21-01	A0369897	217	218	1	Quartz vein	1.185
MKE-21-01	A0369902	280.1	281.1	1	Quartz vein	0.215
MKE-21-01	A0369905	308	308.5	0.5	Quartz vein	0.279
MKE-21-02	A0369937	125	126	1	3% magnetite	0.201
MKE-21-03	B0116007	29	30	1	1% magnetite	0.183
MKE-21-03	B0116012	34	35	1	bleach altered	0.295
MKE-21-03	B0116065	96	97	1	Quartz vein with py	0.188
MKE-21-03	B0116075	105	106	1	Quartz vein with py	0.211
MKE-21-04	No	significant	Results
*True width not known

The company completed eight diamond drill holes during the winter 2021 campaign, totalling 2,584 metres, as summarized below.

McKenzie East Project drill hole summary

hole_id	utmE	utmN	Azimuth	Dip	Depth(m)
MKE21-01	312600	5357250	20	-60	402
MKE21-02	312600	5356950	200	-60	312
MKE21-03	312687	5356655	31	-60	337
MKE21-04	312651	5356723F	30	-60	300
MKE21-05	312000	5357100	160	-60	300
MKE21-06	312400	5357500	180	-60	348
MKE21-07	312200	5357550	10	-60	300
MKE21-08	312809	5356754	30	-50	285

Drill core was logged and sampled at the Black Tusk secure facility located near the property. Samples were taken directly to ALS Lab located in Val d'Or, an accredited laboratory. Samples were 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.

At the lab, the samples underwent ALS analysis ME-ICP41 for 35 elements by Aqua Regia ICP-AES, and AU-ICP21 for gold by Fire Assay with AES finish. For the observed coarse gold samples, the samples were processed by Au-SCR21 coarse screening and Fire Assay with AA finish.

The results to date indicate that gold is present within the veins and alterations observed in drill core from the McKenzie East project. The results for the remaining four drill holes are expected in the coming weeks. The Black Tusk team will undertake in-depth interpretation once all results from core sampling have been received and tabulated.

The Black Tusk - McKenzie East program is supervised by VD Géo Service based in Val d'Or, including Black Tusk company director Dr. Mathieu Piché, OGQ.

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 were the results from drill hole MKE-21-03 of Black Tusk Resources?

Drill hole MKE-21-03 revealed a visible gold grain and a weighted average of 0.61 grams per tonne gold.

What is the total drilling length completed by Black Tusk Resources in the McKenzie East project?

Black Tusk completed a total of 2,584 metres of diamond drilling in the McKenzie East project.

When will the remaining drill results for McKenzie East be released?

The results for the remaining four drill holes are expected in the coming weeks.

What is the significance of the findings at the McKenzie East gold property?

The findings indicate the presence of gold within the veins, particularly notable in drill hole MKE-21-03.

Did all drill holes in the McKenzie East project return positive results?

No, drill hole MKE-21-04 did not return significant gold results.