- Black Tusk Resources Inc. (TUSK) has completed geophysical surveying on the PG Highway Property in Quebec
- The survey went over an area which was previously tested and found low grades of gold
- Previous surveying indicate a magnetic high may be associated with the mineralization, extending for more than one kilometre outward from the area of sampling
- Survey results done on the PG Highway are expected to be received by the company in the next week or so
- For now, the company is studying results from the adjoining MoGold property
- Black Tusk Resources Inc. (TUSK) is down 25.00 per cent trading at $0.01 per share as of 1:09 p.m. ET
Black Tusk Resources (TUSK) has completed geophysical surveying on the PG Highway Property in Quebec.
The “deep-penetrating” survey covered an area where historic surface trenching found near-massive to massive pyrite and pyrrhotite. Last year, Black Tusk sampled this area, which returned several low-grade gold results from 24 samples taken.
The company stated that the highest available gold values returned from PG Highway were 0.035 grams per tonne, 0.019 grams per tonne, and 0.015 grams per tonne from samples that were highly mineralized with pyrite. Samples with copper and gold were recorded to have, in some cases, traces silver with up to 0.65 parts per million.
Black Tusk believes that drone-supported magnetic surveying completed last year indicates a magnetic high may be associated with the mineralization, extending for more than one kilometre outward from the sampling area.
Survey results done on the PG Highway are expected to be received by the company in the next week or so.
Black Tusk stated it is currently studying the results of surveys completed on their adjacent MoGold property and is expecting to drill the best targets from the MoGold and PG Highway projects. Permitting for diamond drilling will be completed once the targets are defined
Black Tusk’s MoGold and PG Highway Projecy adjoins its MoGold Project covering 2,400 hectares. The company’s objective for its first pass over the claim blocks was to sample historically documented mineralized areas as well as prospect for potentially new mineralized zones.
Black Tusk Resources Inc. (TUSK) is down 25.00 per cent trading at $0.01 per share as of 1:09 p.m. ET.