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Tarku Resources Ltd.
Summary
| Project: | Guercheville | |
|---|---|---|
| Deposit: | Guercheville | |
| Location: | Canada | |
| Commodities: | Gold-Copper | |
| Date: | 6/14/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-6-2018: Tarku Resources Ltd. announces an Exploration/Drilling Update report for its Guercheville deposit at the Guercheville project. Drilling results incl. 1.0m @ 16.7g/t Au, 0.14% Cu from 5m. SASKATOON, Saskatchewan, June 14, 2018 -- Tarku Resources | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Benoit Lafrance (Internal) | |
| ABSTRACT: | SASKATOON, Saskatchewan, June 14, 2018 -- Tarku Resources Ltd (TSX-V:TKU) (the “Company” or “Tarku”) is pleased to announce the results of a 2,469-metre drilling program on the Guercheville Project in Québec that confirmed the potential of the Fenton Lake West surface showing. The polymetallic project is situated 50 kilometres southwest of Chapais in the Eeyou Istchee–James Bay Territory. Julien Davy, President and CEO of Tarku, commented: “In addition to the known surface showings, the strong potential of the Guercheville Project has been demonstrated once again by the discovery of new mineralized intersections, such as 16.7 g/t Au over 1 metre, in a previously unknown horizon.” He added, “This horizon is roughly 60 metres north of the Fenton Lake West showing where 19.2 g/t Au was obtained, suggesting several mineralized horizons or structures may be present in this area, now drilled for the first time.” The aim of the 11-hole program is to test the depth extensions of several gold and polymetallic surface showings and to investigate some of the geophysical anomalies identified by SOQUEM over the past few years (FIGURE 1). All targets were explained by the presence of sulphides as disseminations or stringers or by sulphide-bearing quartz veins and veinlets, almost all hosted in schistose and carbonatized basalts. These occurrences are similar to the mineralization observed in the adjacent Fenton deposit of SOQUEM and Cartier Resources where an intersection of 29.6 g/t Au over 2 m at a depth of 550 metres below the surface was recently announced, thereby doubling the known extension of their deposit (see news release of June 5, 2018; www.ressourcescartier.com) (Tarku cautions that the mineralization of the Fenton deposit may not be indicative of the mineralization that may be identified on the Guercheville Project). Some slightly anomalous Au and Cu zones were also encountered in quartz diorite and anorthosite of the Rivière Opawica Complex in the same area as the Fenton Lake West showing (drill holes 1391-18-30 and 1391-18-31). The most significant results from the drilling program are presented in the table below | |
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