Meet the junior mining explorer,
Black Tusk Resources Inc. (
CSE.TUSK,
OTCQB: BTKRF,
Forum) and the man leading the
company, Chairman & CEO, Richard Penn. The Company is a gold-focused Canadian exploration company engaged in the acquisition and exploration of mineral property assets located in Val d’Or (Valley of Gold) Quebec and British Columbia. Its project includes McKenzie East Gold Project, Golden Valley Project, South Rim Project, PG Highway, Lorraine and the MoGold Property.
Stockhouse Editorial reached out to Mr. Penn to talk about the Company’s diverse portfolio of projects spanning some of North America’s most historic and prolific gold and precious metals regions, and what this means for metals investment investors looking for value and opportunity in a sizzling gold market.
SH: So, to start off, Richard, can you update our investor audience and your Black TUSK shareholders on any new company developments – especially in the wake of the COVID-19 pandemic?
RP: Luckily this pandemic has not drastically impacted us, we are forging ahead on a substantial drill program at our flagship McKenzie East Gold Project.
SH:Black Tusk Resources has been busy this summer, especially at the Mackenzie East project located near Val d'Or, Quebec. You announced some intriguing IP survey results just recently. Can you walk us through them?
RP: The results of the IP survey are very encouraging, with Abitibi providing 5 new targets for potential drill testing. The targets have been modeled as high relative “Gold Index” on the resulting profiles. The IP targets are also supported by magnetic anomalies produced from the drone magnetic survey completed earlier this year. Soil sample MMI results also indicate potential for gold and copper to be associated with the geophysical targets.
SH: Experienced Stockhouse metals and mining investors need no introduction to the world-class Abitibi Greenstone Belt Region. But for those investors new to the region and its history, what can you tell them about it and what opportunities does it still hold?
RP: The
abitibi gold belt is a region of Canada that extends from
Wawa, Ontario to
Val-d'Or,
Quebec. Located within the mineral-rich
Abitibi greenstone belt, the gold belt is an established gold mining district having produced over 100 mines, and 170 million ounces of gold since 1901.
SH: As we all know, gold is hovering in the USD$2000 p/oz range at press time – historic highs. Firstly, how does Black Tusk ride the wave of this red hot gold market and secondly, how does this translate into intrinsic stock value for your shareholders?
RP: Yes, we are extremely excited about the current gold price conditions, we anticipate this to be just the beginning of a strong bull market run that will only increase the value of Black Tusk’s Gold projects and increase shareholder value.
SH: The competition is also heating up in the gold and PGE exploration space. What sets Black Tusk apart from other junior mining companies in this space and what makes your business model attractive to investors?
RP: Firstly, we are operating in North America’s most prolific gold mining region, we utilize the most advanced and modern techniques available and are fully funded for a major exploration drill program this upcoming Fall.
SH: Can you tell our audience a little bit about your corporate management team, along with their experience and innovative ideas they bring to the precious metals & mining exploration industry?
RP: We are blessed to have a very strong management team at TUSK, with a wealth of corporate finance and exploration mining backgrounds. Between our 2 primary geologists there is over 80 years of experience combined in the resource sector and they always strive to bring us the most modern exploration techniques.
SH:And finally, Richard, what can you tell our investor audience regarding revenue traction the current valuation of your stock and why you believe it’s a good value buy right now?
RP: I believe that it is a great time to own shares in TUSK. We are attractively priced in relation to our peer companies and we will offer growth potential to investors as we now enter into an extensive drill program.
StockTalk Bonus Exclusive!
CEO Richard Penn was joined by Stockhouse’s Twila Jensen earlier this year live at PDAC 2020 in a lively and informative pre-COVID-19 discussion about Black Tusk’s summer drill programs at its Mackenzie East project along with other upcoming company developments for 2020.
(Click image to play video)
For more information, visit
blacktuskresources.com.
FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.