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Tarku Resources Ltd V.TKU

Alternate Symbol(s):  TRKUF

Tarku Resources Ltd is a Canada-based mining exploration company focused on advancing the development of new discoveries in mining jurisdictions, such as Quebec and Arizona. In Arizona, the Company owns 100% of the 29 square kilometers (km2) Silver Strike project. Silver Strike project is situated within the Tombstone District. In Quebec, the Company owns 100% of the Three A's exploration projects (Apollo, Admiral and Atlas) in the Matagami Greenstone Belt. Additionally, the Company maintains its exploration efforts across its other 100% owned projects in Quebec, strategically located along regional shear zones and areas with known mineralization of gold, copper, zinc, nickel, or lithium. The Company’s Dana Project is located in Quebec. In addition, the Company owns the MAX Lithium project, located five km southwest of Sayona Mining's North American Lithium mine. The Company has 25,000 hectares of mining titles in Quebec and 2,900 hectares in Arizona.


TSXV:TKU - Post by User

Post by Oldschool2022on Dec 19, 2022 1:20pm
140 Views
Post# 35180086

Looks like drilling results have leaked--up 44% today

Looks like drilling results have leaked--up 44% todayMONTREAL, November 24, 2022. Tarku Resources Ltd (TSX-V: TKU – FRA: 7TK – OTCQB: TRKUF) (the “Company” or “Tarku”) is pleased provide shareholders with an update on its ongoing drill program at the Apollo Gold Project, part of the 3As Projects, located in the Matagami area, Eeyou Istchee James Bay, Quebec. The drill program is more than half way through, and the Company is pleased with the geological environment encountered in each of the 5 holes. Assays are pending for all holes but are expected to be received during Q1 2023. Five (5) holes totalizing 1,739m completed to date, the sixth hole is underway. Visual inspection of the core reveals intensive hydrothermal alteration similar in style to Orogenic Gold Deposits, including; hematization, carbonatization and-sericitization. Fine grained disseminated pyrite and pyrrhotite are observed over 10 metres to 20 metres intervals. The drill core has now been prepared and sent for assay, with results expected in the first quarter of 2023. Julien Davy, President and CEO of Tarku Resources said: “The completion of the first five holes at the Apollo Gold Project has revealed an extensive hydrothermal system within a strongly deformation corridor across the project area. The visual inspection of the core showed alteration types associated with visible sulfide mineralization within the core, typical of orogenic gold bearing systems and more specifically of iron-rich alkaline and calcitic metasomatic system, such as numerous gold deposit in the Abitibi region and the nearby Detour Lake Gold Mine. We eagerly await the assay results.” Apollo Drill Program Summary The First Hole (AP-22-001, 408m depth) tested the Eastern edge of the Zone 4 Target (AZ4) corresponding to a high-chargeability anomaly, observed on the flank of a large magnetic anomaly suggesting the presence of mafic intrusion or a group of porphyritic dykes with an east-west orientation. The rocks are highly deformed with a strong schistosity (Picture 1). The hole intersected about 150m of strongly sericitized felsic volcanic tuffs, followed by intermediate to mafic volcanic ash to lapilli tuff sequences (Picture 2) with strong porphyry-style alteration transitioning from hematization-magnetitization to carbonatization-sericitization and strong silicification accompanied by an increase in alteration intensity with downhole depth. Up to 6% pyrite and potentially pyrrhotite (Picture 4) has been describe associated with the intensity of the carbonatization and hematization in places; The Second Hole (AP-22-002, 386m depth) tested the east side of the Zone 1 Target (AZ1) corresponding to an increasing chargeability associated with a decreasing resistivity and a strong magnetic anomaly. The hole intersected syenitic rocks toward the top of the hole and over 100m of pervasive carbonatization, silicification, and hematization associated with disseminated to massive magnetite (Picture 3) with up to 7% pyrite, and potentially pyrrhotite, both finely disseminated. In several meter-long sections, carbonate veinlets are also present with recrystalized pyrite, and potentially pyrrhotite (picture 04). The Third Hole (AP-22-003, 358m depth) also targeted the Zone 1 Target (AZ1) on its western margin corresponding to an increasing chargeability associated with a decreasing resistivity and a strong magnetic anomaly. The hole, which is 100m apart from AP-22-002, intersected similar very long strong pervasive Tarku Resources Ltd. – www.tarkuresources.com Page 2 alteration sequences with up to 7% pyrite and potentially pyrrhotite both finely disseminated and recrystalized associated with carbonate veinlets. Presence of magnetite veinlets associated with fine disseminated pyrite. Hole intersected about 8m of syenitic-type intrusion. The Fourth Hole (AP-22-004, 217m depth) tested the Zone 2 Target (AZ2), located about 250m north from Zone 1. The hole intersected more mafic units with 10m long strong porphyry-style alteration transitioning from quartz-carbonate-ankerite to hematization-magnetite associated with up to 5% pyrite very finely disseminated (Picture 5). Epidotization, as well as fuschite have been describe in the hole. The Fifth Hole (AP-22-005, 370m depth) tested the Western edge of the Zone 8 Target corresponding to a high chargeability followed with a strong magnetic susceptibility. Hole intersected same intermediate to mafic volcanic tuffs (Picture 6) weakly to moderately altered until the presence of several meter wide syenitic intrusions. The 100m wide section is strongly altered with pervasive silicification altering with moderate to intense meter wide sections of hematization associated with disseminated to massive magnetite and up to 5% disseminated pyrite. The hole section is regularly crosscut by quartz-carbonate and pyrite veinlets stockwork.
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