RE:RE:RE:RE:RE:$TUSK The McKenzie East claims cover 3,080 hectares. The property has undergone historic exploration that included the discovery of the C2-B mineral showing, located within 300 metres east of the Monarch property. At the C2-B showing, drilling of a geophysical VLF target with an associated magnetic feature intersected mineralization associated with quartz-carbonate-pyrite-chalcopyrite veins in andesitic- diorite host rocks. The most significant values reported from the historic drilling include 3.10 grams per tonne (g/t) gold (Au) over 0.30 metres, 1.21 g/t Au over 0.30 metres (both from drill hole CO-94-10), and 1.10 g/t Au over 0.30 metres from hole CO-94-13.
From 2020 to 2021 Black Tusk completed ground Induced Polarization (IP) electrical survey, a MMI soil sampling survey, a drone-supported airborne magnetic survey, and diamond drilling on the McKenzie East. In 2021, Black Tusk completed 2,587 metres of drilling over 8 drill holes on the property. Results include 1.185 grams per tonne gold (gpt Au) over 1 metre from hole MKE-21-01 as well as intercepts of > 0.5 gpt from holes MKE-21-03, MKE-21-06 and MKE-21-08 (see Black Tusk news release dated July 13, 2021). Drill hole MKE-21-03 appears to show the most promise from the drilling campaign, which included a section of core that contained a visible gold grain. The section containing the visible gold returned a weighted (Metallics assay coarse and fine) average 0.61 gpt Au over 1 metre. However, the coarse fraction contained 8.01 grams per tonne indicating that coarse gold was a significant part of the overall content.