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Black Tusk completes trenching program on Goldsmith property

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The Goldsmith Property, which lies between Poplar and Cascade Creeks, near their confluence with the Lardeau River, is comprised of 12 claims totalling 885.5 hectares, following the recent acquisition of the Telluride claim.

Additional Information:

Company: Black Tusk Resources
Website: http://www.blacktuskresources.com
Stock Symbol: CSE: TUSK
Date Published: Oct 9, 2018
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Black Tusk Resources has completed its fall trenching program on its Goldsmith Property.

The company has an option to acquire a 100-per-cent undivided interest in the Goldsmith property situated in the Kootenays, approximately 65 kilometres north of the city of Kaslo, BC.

The Goldsmith Property, which lies between Poplar and Cascade Creeks, near their confluence with the Lardeau River, is comprised of 12 claims totalling 885.5 hectares, following the recent acquisition of the Telluride claim.

With the addition of the Telluride claim, the mineralized corridor trends through the Goldsmith Property for 1.5 to 2 kilometres.

According to the British Columbia Ministry of Energy and Mines Minfile inventory, the Telluride claim contains an existing mineral showing and is described as a quartz vein carrying high grade gold values exposed in a 20 metre long adit from the early 1900s.

The work program was very successful at exposing mineralized bedrock at four distinct locations on the property, with samples taken along an 800 metre corridor of mine workings where historic work returned high gold values.

The Black Tusk exploration crew obtained large volume samples ranging from 30 to 90 kilograms from the 4 areas of trenching.

The company will conduct bench test scale metallurgical studies to assist in determining the extent of the "nugget effect" of gold in the bedrock as well as determining gold distribution.

An additional 10 rock samples were taken from prospective outcrops and trenched sites along the 800 metre corridor.

The samples will be shipped to a lab where discussions are underway with lab representatives in order to define the best analytical process to use for these samples.

The fall trenching program exposed quartz veins, with substantial sulphide minerals, including pyrrhotite, pyrite, arsenopyrite, chalcopyrite, and galena.

The veins are commonly associated with a shear structure that trends through the mineralized corridor.

Richard Penn, CEO, stated: "The Goldsmith Project trenching program was well executed and we are looking forward to the results."

A gold prospecting rush passed through the Lardeau River valley at the turn of the century, stopping briefly at Poplar Creek between 1898 and 1903.

Past production documented from 1904 showed that 8 tonnes were shipped from the Swede/Goldsmith area by Great Northern Mines, which returned 778 grams of gold, correlating to a value of 97 grams per tonne gold.

It can be assumed that this “ore” was hand sorted and selectively high graded.

The shares are trading at $0.25.

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.

For investor relations, please contact Chistina Rao, VP of Business Development at 604-723-7480 or email rao@ascensionir.com.

I’m Megan Edwards for Investmentpitch Media