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Black Tusk Resources Verifies High Grade Gold on the Goldsmith Property

16.05.2018  |  The Newswire
Vancouver, May 16 2018 - Black Tusk Resources Inc. ("Black Tusk" or the "Company) (C:TUSK) is very pleased to announce results from rock sampling on its Goldsmith Property. The rock sampling was undertaken earlier this year to verify the existence of high grade gold values reported in previous work. Results include a grab sample from old mine workings that returned 29.89 grams per tonne gold, and a grab sample from an old trench that returned 27.5 grams per tonne gold. Results also include 13.34 grams per tonne gold from a 30 centimeter wide quartz vein, and 12.53 grams per tonne gold from a 1.5 metre chip sample taken across a group of narrow quartz veins.

The Goldsmith Property contains a group of historic mine workings, pits, and trenches along a greater than 2 kilometer strike length. These historic workings are located within areas where numerous quartz veins occur. The veins average 50 centimeters in width, although in several instances veins of 1 to 2 metres or more have been observed. Previous sampling of the historic workings by past operators has reported the presence of widespread, high grade gold mineralization (see Technical Report on the Goldsmith Property, Linda Dandy, March 20, 2017).

The recent Black Tusk sampling tested a number of these zones with 19 rock samples taken along a 1.7 kilometer traverse across the property. Results of sampling are tabled below. All samples were sent to Bureau Veritas Mineral Laboratory in Vancouver, BC, where they underwent the lab's AQ270 34 element aqua regia ICP-ES/MS process. The samples were further analyzed for gold by the lab's FS652 50 gram metallic screen fire assay process.

Sample

UTM E

UTM N

Brief Description

Gold g/t

MG1

490180

5583771

chip sample across rusty shear

<0.05

MG2

490185

5583769

2.5m chip sample across rusty shear

<0.05

MG3

490155

5583778

Grab sample of quartz vein with pyrite from waste dump

2.26

GP1

490801

5584172

Grab of poorly exposed crossing quartz veins

<0.05

17GS01

490682

5583078

Grab from 30cm wide quartz breccia in argillite, arsenopyrite

13.34

17GS02

490680

5583076

grab from rusty contact between vein and phyllite

8.06

17GS03

490680

5583114

Chip sample 1.5m across quartz veins of 1 to 10 cm each hosted in phyllite

12.53

17GS04

490664

5583150

grab of quartz vein from old mine workings

29.89

17GS05

490669

5583159

grab of quartz vein from old trenching, pyrrhotite

27.5

17GS06

490738

5583177

grab of quartz from vein across 3.5m minor pyrite

0.53

17GS07

490940

5583001

Grab from black quartz vein up to 65 cm wide, massive pyrrhotite.

5.64

OPR01

490314

5583730

Composite sample of selections from across 4 metres of quartz carbonate veining of 5 to 30cm width each

0.13

OPR02

490358

5583723

grab quartz-carbonate vein, rusty, old caved working

<0.05

OPR03

490359

5583709

grab quartz with arsenopyrite and pyrite from caved workings

9.61

17BU01

491265

5582784

grab of quartz chips from shaft dump

0.94

17BU02

491413

5582812

rusty quartz with minor galena, grab from dump above tunnel

0.8

17BU03

491510

5582757

Old mine portal exposing 10cm quartz vein with minor pyrite and chromium mica

<0.05

17BU04

491512

5582752

Chromium mica with minor quartz from portal area

<0.05

17CK01

491160

5582867

random chips from quartz veining on Crown King shaft dump

0.87

Samples taken were either chip sample or grab sample taken from mineralized quartz veins or other structures. High gold values were found to commonly be associated with elevated arsenic, lead, bismuth, silver, and other elements.

In 2018 the company plans to complete compilation of available geochemical and geophysical data, and undertake surface mapping and sampling. The company also plans to complete light detection and ranging (Lidar) surveying for obtaining detailed topographic control on the property.

"We are very pleased with the results from this verification sampling, and are eager to begin the 2018 exploration season on the Goldsmith Property" said Richard Penn, CEO of the Company.

About Black Tusk Resources Inc.

Black Tusk is engaged in the acquisition and exploration of its mineral property located in British Columbia, Canada. Pursuant to the Goldsmith option agreement, the company currently has an option to acquire a 100-per-cent undivided interest in the Goldsmith property situated in the Kootenays, approximately 65 kilometres north of the city of Kaslo, BC.

Linda Dandy, P.Geo, a "Qualified Person", authored the Company's Technical Report on the Goldsmith Property. Perry Grunenberg, P.Geo, a "Qualified Person" as that term is defined under NI 43-101, has reviewed and approved the technical information contained in this news release.

On behalf of the Board of Directors Richard Penn, CEO

778 384 8923


Click Image To View Full Size

Figure 1 - Black Tusk Verification Rock Sample Location Map

Copyright (c) 2018 TheNewswire - All rights reserved.

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