Black Tusk Acquires TWO Palladium (Pge) Properties in Quebec
BLACK TUSK RESOURCES INC.
500- 666 Burrard Street
Vancouver, BC, V6C 3P6
www.blacktuskresources.com
BLACK TUSK ACQUIRES TWO PALLADIUM (PGE) PROPERTIES IN QUEBEC
April 15, 2020, Vancouver, B.C. – Black Tusk Resources Inc. (“Black Tusk” or the “Company ”) (CSE: TUSK,
Frankfurt: 0NB, OTC: BTKRF ) is pleased to announce the acquisition of two Palladium/Platinum Group
Element (PGE) properties in Quebec. The properties were acquired directly by the Company through the
Quebec staking process. Both properties were staked to cover geologic al and geophysical features that
are interpreted as being conducive to PGE deposition.
The first property acquired is The PG Highway Project which is comprised of 11 claims totalling 601.11
hectares. The claims are located along Highway 397, 22 Km north of Val d’Or, Quebec. The PG Highway
property adjoins claims that cover the Lynx and La Tour PGE mineral showings. The Lynx showing is located
approximately 3.5 Km north of the PG Highway property. At the Lynx , selected samples returned grades
up to 1,895 ppb combined platinum (Pt) and palladium (Pd). The two best results returned 1,365 ppb Pd
and 530 ppb Pt (sample 828583) and 1050 ppb Pd and 340 ppb Pt (sample 828575) (assessment report
GM 61266). The La Tour showing is located 300 metres east of the Lynx. At the La Tour showing, samples
returned up to 5,139 ppb Pd and 1589 ppb Pt (GM 60468 and GM 61303). The reader is cautioned that
results obtained on adjoining properties are not necessarily indicative of potential for similar results on
the Black Tusk – PG Highway claims.
The second Black Tusk PGE property acquired is The Lorrain Project, comprising 8 claims totalling 466.67
hectares. This property is located along Highway 391 approximately one kilometre south of Lorrainville,
Quebec. The property cover s the Guimond-Church deposit. This deposit was found in outcrop and has
been intersected by two diamond drill holes. The deposit is categorized as tabular nickel -chromium (Ni-
Cr) mineralization hosted in an ultramafic intrusive which generates a strong magnetic anomaly (GM
54730). Two 1954 vintage drill holes intersected serpentinized peridotite injected with quartz veins. Core
samples returned 0.48% Cr and 0.27% Ni (best intersections of holes 1 and 2, GM 02994). Sample results
also indicate the presence of platinum group elements, including 19 ppb palladium and 59 ppb ruthenium.
The Black Tusk-Lorrain property is located within a region endowed with a variety of mineralization styles.
Many of these were explored for copper, but have recently been recognized for platinum group elements.
This includes the Alotta Project located approximately 10 kilometres north-east of the Black Tusk-Lorrain.
At the Alotta, a 2019 drilling program confirmed the continuity of wide zones of nickel -copper-platinum
group elements in massive sulphides. The drilling returned a highlight of 22% copper, 34g/t palladium,
3.5g/t platinum, 0.78% nickel, 1.4% zinc and 65 g/t silver over 0.5 metres from Hole ZA -19-05 (Chase
Mining Corporation Ltd website December 3, 2019 News Release ). The reader is cautioned that results
obtained from other properties in the region are not necessarily indicative of potential on the Black
Tusk – Lorrain property.
Black Tusk continues to show their commitment to exploration in the province of Quebec. The company
now owns f ive mining projects that have potential for gold and/or Palladium/Platinum ( PGE)
mineralization. “We have acquired these 2 new PGE properties in response to a world shortage as well as
recent record-setting prices of Rhodium, Platinum and Palladium. Virtually all electronics, including cell
phones and computers, contain PGE in their circuitry as well as all automobile catalytic converters. Black
Tusk is excited to start exploring these 2 new projects’’. Stated Richard Penn, Black Tusk Resources, CEO.
Both of the newly acquired PGE properties of Black Tusk are readily accessible on majo r highways. The
company plans to compile all available information for these two Palladium/Platinum (PGE) projects in
order to plan future exploration. Data compilation and GIS plotting is expected to be completed in the
following weeks.
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.
On behalf of the Board of Directors
Richard Penn
CEO
(778) 384-8923
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 cautio ns 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; opera ting 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 mate rially 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.
The CSE and Information Service Provider have not reviewed and does not accept responsibility for the
accuracy or adequacy of this release.
Figure 1 – Google Earth image with locations of Black Tusk PGE properties
Black Tusk Resources
Quebec PGE Projects
PG HIGHWAY
LORRAIN