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First Atlas Resources Corp. reports developments tied to its resource exploration portfolio, with recent updates centered on the Nova Scotia Project and natural hydrogen targets along a regional structural corridor. Company news has covered the use of Québec Innovative Materials Corp.'s R2G2™ exploration model, geophysical interpretation, field work, and drill planning used to refine hydrogen-anomalous zones.
Recurring disclosures also include corporate identity updates, mineral-claim portfolio management, and financing activity such as private placements and flow-through securities used to fund exploration programs. The company trades on the OTC Pink market under BTKRF and has also referenced Canadian and Frankfurt listings in its public releases.
Black Tusk Resources (CSE:TUSK)(OTC PINK:BTKRF) has successfully closed a private placement raising $305,000 by issuing 15,250,000 Units at $0.02 each. Each Unit includes a common share and a two-year purchase warrant priced at $0.10 per share. Richard Penn, a director, purchased 1,000,000 Units. Funds from this placement will be allocated to general working capital. Note that the issued securities are subject to a hold period of four months and one day.
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Black Tusk Resources has received a permit for Phase II diamond drilling on the McKenzie East gold property, situated north of Val d'Or, Quebec. Results from the previous drilling program prompted further exploration, targeting both previous drill sites and new geophysical targets. The initial 2021 program returned significant gold grades, including 1.185 grams per tonne over 1 metre. Drilling is anticipated to commence in early 2022, contingent on weather conditions. The program is overseen by VD Géoservice and includes a qualified person to ensure compliance with technical data standards.
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Black Tusk Resources Inc. (CSE:TUSK, OTC PINK:BTKRF, FRA:0NB) has commenced permitting for Phase II diamond drilling on its McKenzie East gold property in Quebec. Following successful results from the 2020-2021 drilling, a permit for 15 drill pads is underway. Initial tests in 2021 yielded promising gold samples, including a weighted average of 0.61 grams per tonne gold and a significant sample containing 8.01 gpt Au. Additionally, exploration will begin on MoGold and PG Highway projects. Black Tusk is financially equipped for the upcoming exploration season.
Black Tusk Resources has reported results from reconnaissance exploration on its South Rim property in British Columbia. The project covers 1,771.33 hectares, with the highest gold result from sampling at 1.5 grams per tonne from a shear zone. Other samples returned gold values ranging from 0.1 to 0.4 grams per tonne and up to 4.9 grams per tonne silver. The geological crew collected 19 rock samples, indicating elevated gold and silver values. Additionally, Siahar Kadach has resigned from the board, and Kwaku Ashong has been appointed as a new director.
Black Tusk Resources Inc. has successfully completed reconnaissance exploration at its South Rim property in central British Columbia, covering 1,771.33 hectares. The exploration occurred from August 12-16, 2021, with 24 sites mapped and 19 rock samples collected, primarily featuring quartz-carbonate veining. These samples will be analyzed for gold and other elements, with results expected within a month. The area is geologically significant, located near historical mining resources, which could indicate potential for mineralization, although results from the current exploration remain to be seen.
Black Tusk Resources is set to enhance its exploration efforts on the South Rim property in British Columbia, covering 1,771.33 hectares. The plan includes sending a geological crew in August to map and sample historic gold and multi-element deposits. Historical data highlights 13 mineralized occurrences with gold values up to 24.0 grams per tonne and silver values reaching 42.8 grams per tonne. The project boasts a rich exploration history dating back to 1967, identifying significant mineral potential. The area is near existing copper-molybdenum mines, hinting at further valuable deposits.