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Black Tusk Resources has added a second property in the Abitibi Greenstone Belt to its portfolio of gold projects

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The company closed its acquisition of the McKenzie East Project located 30 kilometres north of Val d'Or, Quebec and has commenced data compilation.

Additional Information:

Company: Black Tusk Resources
Website: http://www.blacktuskresources.com
Stock Symbol: CSE: TUSK
Date Published: Nov 20, 2019
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Black Tusk Resources has added a second property in the Abitibi Greenstone Belt to its portfolio of gold projects.

The company closed its acquisition of the McKenzie East Project located 30 kilometres north of Val d'Or, Quebec and has commenced data compilation.

The 150 kilometer wide greenstone belt, which stretches for 650 kilometers across Eastern Canada from Wawa, Ontario to Val d’Or, Quebec, has produced over 100 mines, and 170 million ounces of gold since 1901.

To date over 35 billion pounds of zinc, 15 billion pounds of copper, and 400 million ounces of silver have also been produced from this region.

The McKenzie East Project comprises 2 claim groups separated by 1 kilometre.

The larger northern group totals 1,964 hectares over 42 claims, with the south totalling 178 hectares over 4 claims.

The property contains 3 different gold occurrences with another 2 gold occurrences located in very close proximity.

The McKenzie Break Project, currently under exploration by Monarch Gold Corporation, is within 2 kilometres west of the company's McKenzie East Project.

In June 2018, Monarch reported a pit-constrained indicated resource of 940,000 tonnes grading 1.59 grams gold, and an underground indicated resource of 282,000 tonnes averaging 5.90 grams gold.

The reader is cautioned that resources that exist on adjacent properties, including Monarch’s McKenzie Break Project, is not necessarily indicative of potential on the company's McKenzie East Project.

Richard Penn, CEO, stated: "The Company is pleased to have acquired mineral claims located within the Val d'Or area of the prolific Abitibi Greenstone belt. The presence of advanced exploration projects within close proximity, combined with favorable regional geology, provides evidence to support continued exploration on the McKenzie East Project claims."

To date, exploration on the McKenzie East Project area has been limited, the company will be undergoing a review of the project database in advance of planning for the 2020 exploration season.

To acquire its 100% interest, Black Tusk issued 5.5 million shares.

Other properties include the Golden Valley Project, which consists of 37 claims totaling 1,850 hectares, located 170 kilometers northwest of the city of Val-d’Or, Quebec.

And the Goldsmith Property, located in the Kootenays region of British Columbia, in the Slocan Mining District, where recent staking added 29.6 hectares of mineral tenure to the property bringing the total package to 12 claims totalling 885.5 hectares.

The shares are trading at $0.055.

For more information, please visit the company’s website, www.blacktuskresources.com, contact Richard Penn, CEO, at 778-384-8923, or email richard@blacktuskresources.com.

I’m Cassandra Bolinski for Investmentpitch Media