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Black Tusk Resources (CSE:TUSK) has commenced its fall trenching program on its Goldsmith Property

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The trenching program has been designed to follow-up on historic work completed on the property, where mineralized zones returned significantly elevated gold values from bedrock sampling.

Additional Information:

Company: Black Tusk Resources
Website: http://www.blacktuskresources.com
Stock Symbol: CSE: TUSK
Date Published: Sep 19, 2018
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

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

The work program has been fully permitted and bonded as required by the BC Ministry of Energy, Mines and Petroleum Resources.

Black Tusk has an option to acquire a one hundred percent undivided interest in the Goldsmith Property, which is located approximately 65 kilometres north of the City of Kaslo, British Columbia, in the Slocan Mining Division.

The Goldsmith Property, which lies between Poplar and Cascade Creeks, near their confluence with the Lardeau River, is comprised of 11 claims totalling 823.7 hectares.

The trenching program has been designed to follow-up on historic work completed on the property, where mineralized zones returned significantly elevated gold values from bedrock sampling.

The company plans to obtain large volume samples from several sites, including those where gold assays of bedrock have returned values greater than 20 grams per tonne from recent sampling, and where historic work has reported higher gold values from previous bedrock trenching and sampling.

Richard Penn, CEO, stated: “There have been some extremely high gold values obtained from bedrock sampling on the Goldsmith Property, and Black Tusk intends to further evaluate the continuation and extent of this mineralization.”

The company is consulting with various laboratories to establish the best way to process these samples.

The larger volume samples will be amenable to "bench test" analysis, and the company desires to utilize the most advanced technologies available for this test.

A process including a centrifugal gravity concentrate to collect the free "nugget" gold for further assay is being considered.

Gold mineralization on the Goldsmith Property appears to be contained within quartz veins and stockworks.

Stockworks are randomly oriented veins in the rock.

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 $0.195.

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 Samantha Deutscher for Investmentpitch Media