Black Tusk Resources Inc. Provides Geological Update FOR the Mckenzie East GOLD Project, Val-D’Or, Quebec
BLACK TUSK RESOURCES INC.
500- 666 Burrard Street
Vancouver, BC, V6C 3P6
www.blacktuskresources.com
BLACK TUSK RESOURCES INC. PROVIDES GEOLOGICAL UPDATE
FOR THE
McKENZIE EAST GOLD PROJECT, VAL-D’OR, QUEBEC
July 21, 2020, Vancouver, B.C. – Black Tusk Resourc es Inc. (“Black Tusk” or the “Company) (CSE: TUSK,
OTC: BTKRF, Frankfurt, 0NB) is pleased to provide an update of on-going exploration on the McKenzie East
gold property located north of Val d’Or, Quebec. The company is currently undertaking line cutting on the
property in preparation for 3D Induced Polarization (IP) survey. Line cutting was delayed due to an
elevated fire hazard rating which mandated limited hours for crews working in the field. The fire rati ng
has since dropped to a low to moderate rating, allo wing the line cutting to progress. The IP survey is
expected to begin July 27, 2020.
To date, Black Tusk has completed reconnaissance ge ologic assessment, a drone supported
magnetometer survey, and Mobile Metal Ion (MMI) soi l sampling on the project. Reconnaissance has
shown that much of the project area is covered by g lacial deposits with areas of swampy ground.
Therefore, exploration techniques are limited to those that can detect anomalies at depth under the cover
materials.
The drone supported high-resolution magnetic survey was successful at mapping structures on the
McKenzie East claims (see news release of February 18, 2020). Several bedrock units were interpreted
from high magnetic responses, including diorite int rusions that have been shown to relate to gold
mineralization on the McKenzie Break project. The M cKenzie Break project (pit constrained indicated
resource 939,860 metric tons (tonnes) of 1.59 g/t gold, and an underground indicated resource of 281,739 tonnes at
a grade of 5.90 g/t gold, with an inferred resource for underground deposit of 270,103 tonnes at 5.66 g/t) is located
within two kilometres west of the Black Tusk claims. Gold mineralization is reported as visually distinctive
0.01 to 2 metre wide quartz-carbonate veins and vein complexes containing gold At McKenzie Break, gold
mineralization occurs at the margins of intrusive rocks marked by distinct high-magnetic response from
magnetic diorite and volcanic rocks. The veins are emplaced within a shear zone system that ranges in
thickness from two to ten metres. The shear zones s trike northwest to southeast, indicating a possible
trend towards the Black Tusk McKenzie East property. . The reader is cautioned that resources that exist
on adjacent properties are not necessarily indicati ve of potential on the Black Tusk – McKenzie East
Project.
The high resolution magnetic survey mapped a series of high magnetic responses trending in a
northwesterly direction crossing the McKenzie East property. The MMI soil sampling completed in June
was designed to test part of this trend (see news release dated July 20, 2020). The MMI results show that
elevated gold-in-soil values in part overly the linear features mapped by the magnetic survey. This trend
of magnetic response with elevated MMI soil values is now considered a high priority drill target.
The next phase of exploration on the McKenzie East Gold Project will include 3D Induced Polarization (IP)
surveying. A series of 1.5 kilometre long lines will be tested by the IP survey, for a total of 9 kilo metres.
The company has contracted Abitibi Geophysics in Va l d’Or Quebec to undertake their OreVision 3D IP
survey which is designed to produce high resolution results through the thick overburden on the property.
Dr. Piché, a consultant and director of Black Tusk, concludes that “Many of the features associated to
regional gold deposits and occurrences are present within the limits of the McKenzie East Gold Project
claim block. These include;
a) High magnetic patterns associated to quartz-diorite phases,
b) The proximity of the Manneville Fault with the northern contact of the Tiblemont-Pascalis
Batholith,
c) Volcanic-Intrusive contacts that represent preferential sites for the deposition of auriferous
mineralization, and,
d) Shear zones described at existing sites where mineralization is associated to a sericitized
volcanic unit or tuff.”
The results of the soon-to-be-completed IP survey combined with the high-resolution magnetics and MMI
soil sampling results will be interpreted to provide targets for diamond drilling. Drilling is expected to be
underway in late Summer 2020.
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.
About Black Tusk Resources Inc.
Black Tusk Resources is a gold-focused Canadian exploration company with operations primarily based in
the world-class Abitibi greenstone belt region of Q uebec. Black Tusk currently holds 100-per-cent
ownership in six separate gold and palladium properties in Canada.
On behalf of the Board of Directors
Richard Penn
CEO
(778) 384-8923
Cautionary Statement
This press release contains forward-looking stateme nts 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 cauti ons 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 fac tors include, among other things: risks and
uncertainties relating to exploration and developme nt; 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 price s of commodities; operating hazards and risks;
competition and other risks and uncertainties, incl uding 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 materially from the estimate s, 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.