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Black Tusk Resources (CSE:TUSK) New Listing

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The company is engaged in the acquisition and exploration of mineral properties, and is currently primarily focused on gold.

Additional Information:

Company: Black Tusk Resources
Website: http://www.blacktuskresources.com
Stock Symbol: CSR: TUSK
Date Published: Nov 14, 2017
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Black Tusk Resources is the latest new listing on the Canadian Securities Exchange, trading under the symbol “TUSK”.

The company is engaged in the acquisition and exploration of mineral properties, and is currently primarily focused on gold.

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 four mineral tenures covering approximately 371 hectares.

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.

The only past production documented is from 1904, when 8 tonnes were shipped from the Swede/Goldsmith area by Great Northern Mines.

This 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.

In general, results from exploration programs over the last two decades show that high grade gold assays have been returned from quartz veins and vein zones in the area of historic workings.

A ground geophysical survey completed between December 2016 and February 2017 is the only work completed on the Goldsmith Property by Black Tusk

To exercise the option, the company must pay $100,000 and issue 400,000 shares, over a three year period.

The company raised gross proceeds of $208,000 through an offering of 2,086,000 shares priced at $0.10 per share.

Mackie Research Capital was the agent on the IPO.

With no shares offered, the shares are currently bid at $0.11, and with 10.8 million shares outstanding, the company has a deemed capitalization of $1.2 million.

For more information, please visit the company’s website, www.blacktuskresources.com, contact Richard Penn, CEO, at 647-838-8577, or email richard@blacktuskresources.com.

I’m Samantha Deutscher for Investmentpitch Media