Tarku Acquires New Prospective land with Gold, and Base Metals Potential in the Abitibi Region

MONTREAL, QC / ACCESSWIRE / March 12, 2024 / Tarku Resources Ltd (TSXV:TKU)(FRA:7TK)(OTCQB:TRKUF) (the "Company" or "Tarku") is delighted to announce its recent acquisitions of promising mineral claims in the Abitibi region, Quebec, solidifying its presence in one of the most esteemed and secure global jurisdictions for mining exploration. While maintaining a steadfast focus on advancing its co-flagship 3As project in Quebec and the Silver Strike project in Arizona, these new claims strategically contribute to Tarku's commitment to exploring high-quality geological projects.

Tarku now holds 100% ownership of nine distinct exploration projects in Quebec, encompassing 19,701 hectares (197 km2) as well as maintaining its full ownership of the Silver Strike project in Arizona, providing shareholders exposure to a diverse range of commodities such as gold, silver, copper, zinc, lithium, manganese, and nickel. These assets are located in mining-friendly jurisdictions, and some of them involve critical and strategic minerals.

Julien Davy, President and CEO of Tarku Resources, expressed enthusiasm about the potential of the Abitibi Greenstone Belt, stating: "The Abitibi Greenstone Belt is undeniably one of the most prospective geological regions globally. We are excited about the prospectivity of this region, which happens to be in our backyard. The current market conditions have presented opportunities to acquire additional land positions at low costs, prompting us to wisely expand through staking and acquisition efforts".

The Calypso Project

Tarku's Calypso project, entirely owned by the company, is situated in the north-central part of the Abitibi Greenstone Belt (figure1). It is located between NTS Sheets 32F12 and 32F11, a mere 20 km south of Matagami, Quebec, and encompasses 42 claims, totaling 2,346 hectares. Positioned along the Casa Bérardi-Douay-Cameron regional deformation zone, the Calypso project spans a segment of this extensive east-west regional structure, stretching over 150 km and characterized by a network of interconnected shear zones. It covers 6 kilometers along the strike of the Taibi Group, host to the Vezza gold deposit to the west, the Discovery deposit to the east, and the Douay and Douay West areas located just 7 kilometres to the southeast.