Black Tusk Resources Inc. Receives Permit to Drill VMS Targets on the MoGold and PG Highway Projects, Quebec

VANCOUVER, BC / ACCESSWIRE / October 3, 2022 / Black Tusk Resources Inc. ("Black Tusk" or the "Company) (CSE:TUSK) is pleased to announce that the company has received the necessary permits to drill on their PG Highway and MoGold projects located north of Val d'Or, Quebec.

As previously released, TMC Geophysique recently completed deep-penetrating Pulse-EM -Time Domain Electromagnetic (TDEM) surveying to cover zones targeted through geologic assessment and rock sampling. On the PG Highway property the TMC Geophysical report concludes that the newly acquired surface TDEM data identified of a group of strong conductive anomalies in places coincident with areas of rock exposures that contained significant percentages of pyrite and pyrrhotite. The geology along the trend is interpreted to have potential for Volcanogenic Massive Sulphide (VMS) mineralization (see News Release dated 2022-08-07). The zone of interest also displays magnetic features derived from Black Tusk 2021 surveys. The geophysical survey results combined with the geology and rock sampling provide compelling targets for further exploration.

On the adjoining MoGold project, the TMC report of findings from the TDEM survey identified six localized anomalies that are roughly grouped around the Boily-Bérubé mineral occurrence (see News Release dated July 12, 2022). This is also the area where Black Tusk exploration obtained rock samples that returned elevated values for silver, copper and zinc. The TDEM features are modelled as relatively small and shallow-seated bodies/targets.

The permit for the PG Highway project includes 6 drill pads with associated access roads. Black Tusk plans up to 2,000 metres of diamond drilling from the permitted drill pads, with VMS targets at proposed depths ranging from 50 to 300 metres below surface (as modelled by the EM survey). The permit for the MoGold area includes 4 drill pads to allow up to 500 metres of diamond drilling for testing the relatively shallow targets.

The VMS targets that are to be drilled on the MoGold and PH Highway properties are being tested for multiple elements including silver, copper, zinc, and nickel. VMS deposits are sought after because they usually contain a melange of base metals and sometimes precious metals including zinc, lead, copper, silver and gold. The minerals are often clustered together, making them relatively easy to extract. Black Tusk notes a number of VMS deposits have been located within 15 Kms of the Black Tusk properties, including the Barvallée, the Belfort (Roymont), the Vendome #1 (Mogador), and the Projet Laflamme (from Système d'information géominière of Québec, SIGEOM). These are listed as multi-element deposits that include copper, zinc, silver and gold. The presence of these deposits, peripheral to the Black Tusk properties, is not a direct indicator of the mineralization potential on Black Tusk claims; however, their discovery does indicate that the geologic setting of the region contains polymetallic VMS potential.