Tarku provides an update on its exploration activities on Admiral
06 Juin 2019 - 2:21PM
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)
About the Admiral project
The Admiral project is part of 3 projects
wholly owned by Tarku in the Matagami area (Admiral, Apollo and
Atlas) totaling 224 mining titles centered on regional faults
including ductile shear of the Waswanipi River (RWSZ), a favourable
setting for orogenic gold mineralization associated with alkaline
rocks and porphyry intrusions. Tarku interprets this geological
context as being similar to the Sunday Lake regional fault, host of
the Detour Lake Mine or the Kirkland Lake Mining Camp.
The Admiral project is located west of Lake Olga
and consists of 30 claims (1,667 ha) overlying the convergence of
the Rivière Waswanipi (RWSZ) and Lac Olga (LOSZ) shear zones. The
LOSZ contains the Lac Olga Ouest gold showing (5.9 g/t Au, grab
sample, GM 49140) and Goldcorp’s high-grade deposit Indice
Principal zone Olga located 10 km southeast of Admiral (14.75 g/t
Au, 1.14% Cu and 10.3 g/t Ag over 1.50 m, GM 50632) (see
www.tarkuresources.com).
Tarku’s management believes that the gold
potential of the Matagami sector has been undervalued and uses
today modern geological models and exploration techniques to aid in
the discovery of gold mineralization. Tarku cautions that the
mineralization at the Detour Lake mine or the Kirkland Lake mining
Camp may not be indicative of the mineralization that may be
identified on the Company’s Matagami projects and is used as a
conceptual exploration model only.
Benoit Lafrance, P.Geo., PhD, Exploration
Manager and Director of Tarku, is the qualified person under
National Instrument 43-101 Standards of Disclosure for Mineral
Projects who prepared, supervised and approved the technical
information in this news release.
About Tarku Resources Ltd.
(TSX-V: TKU)
Tarku is an exploration company focused on
generating sustainable projects for precious, base and strategic
metals by conducting exploration in areas with strong geologic
potential and high levels of social acceptability. Project
generation is the foundation of mining development, and Tarku’s
vision is to generate exploration projects with excellent potential
for mining development for prospective partners or buyers. Tarku
has 76,148,797 outstanding shares, of which approximately 70% are
owned by insiders and major shareholders. Management is currently
reviewing several opportunities and projects to build up the
Company portfolio and generate shareholder value.
For more information, please visit the Company’s
web site: www.tarkuresources.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This press release may contain
forward-looking statements that are subject to known and unknown
risks and uncertainties that could cause actual results and
activities to vary materially from targeted results and planning.
Such risks and uncertainties include those described in Tarku’s
periodic reports including the annual report or in the filings made
by Tarku from time to time with securities regulatory
authorities.
Figure 1 is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/08f9b236-7c20-4373-88ef-cf6faa0e8c5a
For more information, please visit the Company’s web site or contact:
Julien Davy, President & CEO
+1 (514) 618-7287
info@tarkuresources.com
Tarku Resources (TSXV:TKU)
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