- Tarku Resources Ltd. (TKU) updated its ongoing drill program at the Apollo Gold Project in Quebec
- Its drill program is more than halfway complete, with five holes drilled
- The holes showed a hydrothermal system within a deformation corridor across the project
- Fine-grained disseminated pyrite and pyrrhotite were observed over 10 metres to 20 metres intervals
- The five holes have covered 1,739 metres so far, and a sixth hole is underway
- Tarku Resources Ltd. (TKU) is up 33.33 per cent and is trading at $0.04 per share as of 3:26 p.m. EST
Tarku Resources (TKU) has provided an update on its ongoing drill program at the Apollo Gold Project in Quebec.
The company stated its drill program is more than halfway through and is pleased with the geological environment seen in each of the recently drilled five holes. Assays are pending for all holes but are expected to be received during the first financial quarter of next year.
Julien Davy, President and CEO of Tarku, commented,
“The completion of the first five holes at the Apollo Gold Project has revealed an extensive hydrothermal system within a strong deformation corridor across the project area.”
The tested core showed alteration types associated with visible sulphide mineralization, which Tarku shared is typical of orogenic gold-bearing systems and, more specifically, of iron-rich alkaline and calcitic metasomatic system. This is comparable to numerous gold deposits in the Abitibi region and the nearby Detour Lake Gold Mine.
Notably, fine-grained disseminated pyrite and pyrrhotite were observed over 10 metres 20 metres intervals.
The five holes have covered 1,739 metres so far, and a sixth hole is underway.
Tarku Resources Ltd. (TKU) is up 33.33 per cent and is trading at $0.04 per share as of 3:26 p.m. EST.