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 Inc. has contracted Forage Val d'Or Inc. for diamond drilling at its 100%-owned McKenzie East Gold project in Quebec, starting January 15, 2021. The contract includes 3,000 meters of drilling, focusing on high-priority targets identified by Black Tusk's geological team. Additionally, drilling will be conducted at the Lorrain Property to verify significant historic drill results. The company is fully funded for ongoing drilling upon successful outcomes and is preparing access and facilities for the drilling program.
Black Tusk Resources has announced an exploration update regarding its mineral properties in Quebec. The company plans to commence diamond drilling on the McKenzie East and MoGold properties this Winter, utilizing a diamond drilling contractor for at least 2,000 meters. Black Tusk now owns five properties in total, with a focus on gold potential and previously documented drill results indicating significant mineralization. Additionally, the company is advancing exploration on its PGE properties, Lorrain and PG Highway, with drilling proposed for this Winter.
Black Tusk Resources has expanded its Lorrain Property, adding 15 claims totaling 875.4 hectares, now covering 2,208.4 hectares across 38 claims. This expansion targets the Guimond-Church mineral showing, featuring disseminated pyrite, magnetite, and chromite. Notably, drill samples revealed 0.48% chromium and 0.27% nickel. Historic drill hole LA-01-06 showed significant values of platinum, palladium, copper, and silver. Black Tusk is preparing for subsurface exploration and holds substantial assets in Quebec, aiming to enhance its precious metals discoveries.
Black Tusk Resources Inc. has announced an expansion of its planned phase 1 diamond drilling program at the McKenzie East gold project in Quebec, increasing the original meterage from 1000 to 2000 metres. This decision follows a successful oversubscribed private placement raising $2,368,606, enhancing the company’s financial capacity for exploration. The additional drilling aims to thoroughly assess target zones identified through various surveying methods. The company shows readiness to continue exploration based on preliminary results, reflecting strong potential for further drilling projects.
Black Tusk Resources Inc. has expanded its diamond drilling permits for the McKenzie East project near Val d’Or, Quebec, allowing for a total of 23 drill pads, including 5 from a second permit. The company plans to begin drilling in the coming months, with wintertime drilling possible in areas with wetlands. Previous exploration efforts include MMI soil sampling and drone-supported surveys. The team continues to evaluate high-priority targets for drilling. Black Tusk holds 100% ownership in six gold and platinum/palladium properties in Canada.
Black Tusk Resources Inc. (CSE:TUSK, OTC PINK:BTKRF) recently conducted site reconnaissance for its five mineral properties in Quebec from September 21 to 25, 2020. Key executives explored properties including Golden Valley, McKenzie East, PG Highway, MoGold, and Lorrain. Significant historic drill holes at Lorrain and PG Highway indicate potential for gold and PGE. The company aims to advance exploration and drilling activities as market conditions allow. The technical information has been reviewed by qualified personnel, emphasizing Black Tusk's commitment to responsible mining practices.
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Black Tusk Resources Inc. has announced an oversubscribed private placement raising $2,368,606 to fund exploration initiatives, particularly at the McKenzie East property in Quebec. The financing includes $204,000 from flow-through financing and $2,164,606 from non-flow-through financing, highlighted by a strategic investment from Palisades Goldcorp. Proceeds will support general working capital and mineral exploration, with the company planning to undertake significant drilling programs. All shares are subject to a four-month hold period.
Black Tusk Resources has secured a strategic investment from Palisades Goldcorp, raising $1 million through a non-brokered flow-through financing deal. The financing will consist of 12,500,000 flow-through units priced at $0.08 each, along with a non-flow-through component of up to 7,150,000 units at $0.07 each, for additional gross proceeds of $500,500. This capital is intended to enhance drilling activities at Black Tusk's McKenzie East property in the Abitibi Greenstone Belt, supporting the company's growth strategy.
Black Tusk Resources Inc. (OTC: BTKRF) has announced progress on its McKenzie East Gold Project near Val d'Or, Quebec. The company is finalizing drill targets for a 1,000-metre diamond drilling program scheduled to start in September. The first phase includes 5 drill holes at depths of 200 to 300 metres, aiming to explore several mineralization anomalies. Historic drilling has yielded promising gold results, including up to 2.8 grams per tonne gold. The geological team is integrating findings from a recent 3D IP survey to optimize drilling locations.