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Tarku Resources Ltd.
Summary
| Project: | Admiral | |
|---|---|---|
| Deposit: | Admiral | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/6/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-6-2019: Tarku Resources Ltd. announces an Exploration/Drilling Update report for its Admiral deposit at the Admiral project. Drilling results show no economic gold grades. MONTREAL, June 06, 2019 -- Tarku Resources Ltd. (TSX-V: TKU) (the "Company" or "T | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Benoit Lafrance (Internal) | |
| ABSTRACT: | MONTREAL, June 06, 2019 -- Tarku Resources Ltd. (TSX-V: TKU) (the "Company" or "Tarku") is pleased to provide an update on its exploration activities on its wholly owned Admiral Project, in the Matagami area, Eeyou Istchee James Bay, Quebec (see figure 1). Despite the fact that the samples did not return any economic gold results, the 5 drill holes demonstrated the presence of numerous elements consistent with the orogenic gold exploration model associated with alkaline rocks and porphyry intrusions (syenite-associated type). Next step will be to prospect other high potential gold targets on the Admiral and Apollo projects along the auriferous corridor that Tarku interprets as the extension of the Sunday Lake regional structure (see April 10, 2019 press release). The objective of the drilling program was to test and understand the geological context of the eastern portion of the Admiral project along a 1 to 1.5 km wide corridor identified by Tarku’s previous high-resolution geophysical survey and data compilations (see November 29, 2018 press release). The structural corridor that contains the Lac Olga Ouest gold showing (5.9 g/t Au, grab sample, GM 49140) is a favourable setting for orogenic gold mineralization associated with alkaline rocks and porphyry intrusions (Figure 1). A total of 796 meters was completed in 5 drill holes. Most of the holes intersected brittle-ductile faults zones injected by "syenitic and monzonitic" dykes. Albite-iron carbonate-hematite alterations with tourmaline-quartz-pyrite veinlets were notably observed in drill hole AD-19-03. The results allow the correlation of the anomalous presence of gold traces in association with syenitic dykes with albite-iron carbonate-hematite alteration. The summary of the surveys was presented in the March 26, 2019 press release (available at www.tarkuresources.com and www.sedar.com) | |
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