Black Tusk to Secure Drill Contractor for the McKenzie East Project, Quebec

Rhea-AI Summary

Black Tusk Resources is set to engage a diamond drilling contractor for its McKenzie East Project in Quebec. A 3D Induced Polarization Survey is underway, conducted by Abitibi Geophysics, aiming to identify prime drilling targets. The company has secured a permit for constructing 18 drill pads, anticipating the initial drilling program will commence between late August and early September.

Perry Grunenberg, a qualified geologist and Director, has approved the technical content of this release. Forward-looking statements highlight inherent uncertainties related to exploration and regulatory compliance.

Positive

• Engaged in advanced 3D Induced Polarization Survey to identify drilling targets.
• Acquired permits for 18 drill pads, indicating preparedness for drilling operations.
• Planned initial diamond drilling program set for late August to early September.

Negative

• Forward-looking statements emphasize inherent uncertainties in exploration outcomes.
• Potential delays in drilling operations may arise from financial or regulatory challenges.

VANCOUVER, BC / ACCESSWIRE / August 11, 2020 / Black Tusk Resources Inc. ("Black Tusk" or the "Company) (CSE:TUSK)(OTC PINK:BTKRF)(FRA:0NB) is pleased to announce that the company is currently looking to engage a diamond drilling contractor to complete drilling on its McKenzie East Project located north of Val d'Or, Quebec.

The company is currently undertaking a 3D Induced Polarization Survey (IP) on the McKenzie East gold property. Abitibi Geophysics will complete their advanced technology OreVision® IP survey over the main target zone on the property within the week. The results of the IP survey will be combined with the results of geological work, MMI soil sample results and magnetometer surveying completed earlier this year in order to locate the best targets for diamond drilling.

The company has acquired a permit that allows for the construction of 18 drill pads with supporting water supply stations and access trails. Black Tusk plans to conduct the initial diamond drill program soon after completion of the ground surveys, expected to be late August to early September.

Perry Grunenberg, P.Geo, a "Qualified Person" as that term is defined under NI 43-101, has reviewed and approved the technical information contained in this news release. Mr. Grunenberg is also a Director of the Company.

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.

View source version on accesswire.com:
https://www.accesswire.com/601052/Black-Tusk-to-Secure-Drill-Contractor-for-the-McKenzie-East-Project-Quebec

FAQ

What is the status of the McKenzie East Project by Black Tusk Resources?

Black Tusk is preparing to engage a diamond drilling contractor and is currently conducting a 3D Induced Polarization Survey to identify drilling targets.

When is Black Tusk expected to start drilling at the McKenzie East Project?

The initial diamond drilling program is planned to commence between late August and early September.

Who is overseeing the technical information for Black Tusk's McKenzie East Project?

Perry Grunenberg, a qualified geologist and Director, has reviewed and approved the technical information in the press release.

What permits has Black Tusk Resources acquired for the McKenzie East Project?

Black Tusk has secured a permit for the construction of 18 drill pads and supporting infrastructure.

What risks are associated with Black Tusk's exploration efforts?

The company cautions that exploration activities involve risks including financial, operational, and regulatory uncertainties.