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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 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.
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Black Tusk Resources Inc. (OTC PINK: BTKRF) announced the closure of a private placement, raising $200,005 by issuing 3,077,000 Units at $0.065 per Unit. Each Unit includes one common share and one share purchase warrant, allowing purchase of additional shares at $0.08 for five years. The Company paid a commission of $12,000.30 and granted 184,620 Warrants. Proceeds are for general working capital. Securities are subject to a four-month hold period.
Black Tusk Resources is set to engage a diamond drilling contractor for its McKenzie East Project in Quebec. A 3D Induced Polarization Survey is underway, conducted by Abitibi Geophysics, aiming to identify prime drilling targets. The company has secured a permit for constructing 18 drill pads, anticipating the initial drilling program will commence between late August and early September.
Perry Grunenberg, a qualified geologist and Director, has approved the technical content of this release. Forward-looking statements highlight inherent uncertainties related to exploration and regulatory compliance.