MONTREAL, Feb. 3, 2021 /CNW/ - Tarku Resources Ltd
(TSXV: TKU) (the "Company" or "Tarku") is pleased to announce the
reception of several grab samples taken during a field visit
grading up to 2,030 g/t (62,27 oz/t) Silver and the imminent launch
of a 3,000 meters (10,000 ft) drill program on its Silver Strike
project in the Historical Silver district of Tombstone Arizona (see figure 1).
Highlights
- High grade silver rock sample, grading 2,030 g/t Ag from
selected grab sample* collected in an outcropping N015° trending
mineralized vein system at Ground Hog showing.
- The Ground Hog Showing find itself on regional NNE structure
that is interpretated to be related to the historic Tombstone area.
- Tarku will complete a 3,000 m
drill program targeting the vicinity of past mines that produced
high-grade silver as well as E-W and NNE structures known to carry
high-grade silver as Ground Hog.
*Rock grab samples are selective by nature and may not
represent the true grade or style of mineralization across the
property.
Tarku has received today 4 of a total of 8 samples taken during
a field visit done during December
2020. Best results returned 2,030 g/t Ag in an outcropping
N015° trending mineralized vein system at Ground Hog. Other
significant results returned 45 g/t Ag at the Solstice
past mine and 35 g/t Ag at Ace in the Hole past mine.
Remaining samples are expected to be received at the end of
February 2021.
Julien Davy, President and CEO of
Tarku, stated: "These first results including the 2,030 g/t
Silver at Ground Hog demonstrate that high-grade silver
mineralisation is recoverable along the targeted NNE regional
structure as far as 4 km away from the historical high-grade
Tombstone area where we also
control patented claims".
"The mines that produced in the early 1900 in the vicinity of
the Tombstone city demonstrated
impressive silver recoveries at a historical silver price as low as
1$/oz. Mining was conducted manually on high-grade veins until a
maximum of 200 m of depth. Tarku intents to prove that this
geological high-grade environment at today's silver price could be
more profitable by demonstrating that those veins both extends
further at depth and also along regional faults on several
km."
Drill program – spring 2021
Tarku is pleased to announce the initiation a 3,000 m
(10,000 ft) reverse circulation drill program with
Major Drilling. The program will
test various more advanced to early-stage targets: the initial
targets to be tested will include the Lucky Cuss, the Luck
Sure, the Telephone and the Bunker Hill past mines which have
produced high-grade silver and have been explored only to a maximum
depth of 200 m. Today's interpretations suggest that those
mines have sub-vertical high-grade silver mineralisation ore-shoots
that are extending at depth and that could repeat themselves along
regional structure on their lateral extensions. The second part of
the program will target area further to the South West along
regional NNE and EW fault systems as the Prompter and the
Rattlesnake Faults (see figure 1). Targeted area will encompass
area as the Ground hog, the Sunset, the Ace in the Hole and the
Solstice area. Drilling is scheduled to start during the last
week of February 2021 and should
last until April 2021. This program will allow our geological
team to further expend its knowledge of the area.
IMPORTANTLY, the above projected exploration activities are
subject to Covid-19 restrictions in Arizona. While the Company's recent work
programs have been relatively unimpeded, there is a risk that
tighter restrictions may impact the Company's ability to conduct
fieldwork.
Additional exploration plan for 2021
Tarku believes that the silver mineralisation at the Silver
Strike Project is strongly related to tectonic features. Deeper
understanding of structural criteria of the area will help to
explain the known silver occurrences and to identify the presence
of potentially larger ore silver-rich deposits.
Tarku mandated JAPOSAT Satellite Mapping a remote sensing work
using high-resolution satellite images to analyse and interpret the
lineaments (faults, folds, fractures, stress of lineaments) from
all data. Fifty (50) cm Pleiades 4-band multispectral data was
acquired, processed in order to enhance the geologic,
geomorphologic, land cover and geobotanical features. Therefore,
50cm Natural Color, False InfraRed Color, 2m GeoBotLitho, 30m
Thermal InfraRed, 10m DEM SLOPE and
5m STRESS images and maps were
produced and analysed. This study was used by Tarku to help in
targeting the upcoming 3,000 m drill program and will be used
to conduct methodical exploration which will include detailed
mapping, geochemistry sampling and geophysical surveys during
2021.
Silver Strike Project
Tarku's Silver Strike Project is located in Cochise County, Arizona in the famous
Tombstone Mining district, one of the earliest silver mining areas
in western United States that
start producing numerous silver mines in 1877. Despite the
attractive quantity of silver found in the district, the low metal
prices of the 1915's led past producers to focus mainly on
high-grade veins. During the 38 year-period from 1877 to 1915, when
most of the ore was produced at Tombstone, declining silver prices, financial
panic, and the removal of the United
States currency from the silver standard, had immeasurably
more effect on the mines than the Earp/Clanton feud, bandits, and
their technical inability to deal with underground waters. The area
has produced approximately 32 million ounces of silver at an
average grade of almost 26 oz/t as well as 260,000 ounces of
gold at 6.5g/t and in lesser amounts other base metals as lead,
zinc, copper, zinc and manganese.
Some sporadic production in the area was recorded at different
periods also stimulated by a higher gold price. During World War
II, there was some study of the manganese deposits in the district
in relation to the war effort. Exploration work in late 1950 showed
values in lead and zinc and in 1965, limited drilling was completed
probing for porphyry-copper-type model recovering alteration zones
in the vicinity of breccia pipes and extensive but low-grade
mineralization.
Between 1980 and 1985, Tombstone Exploration, Inc. operated an
open pit mine on the Contention vein and produced up to 3,000 tons
per day of ore averaging in the range of 1.25 oz/t Ag and 0.6 g/t
Au. No exploration drilling was ever done, and no ore reserves of
significance were measured ahead of mining.
Such data, as well as Tarku' sampling results of up to 2,030 g/t
Silver on grab samples in the Ground Hog area strongly encourage
Tarku's management to believe the Tombstone area has the potential to host a
significant deposits as epithermal silver-rich vein deposit and
porphyry copper system with associated gold and silver.
Tarku cautions that comparisons of the mineralization in a
porphyry copper system or an epithermal system may not be
indicative of the mineralization that may be identified on the
Company's project in the Tombstone
area and is used as a conceptual exploration model only.
Qualified persons
Julien Davy, P.Geo., M.Sc, MBA,
President and Chief Executive Officer 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. All samples selected
within the exploration program are subject to a company standard of
internal quality control and quality assurance programs which
include the insertion of certified reference materials, blank
materials and duplicates analysis. All rock samples were sent to
ALS Global laboratories located in Tucson, Arizona where they are processed for
Gold, Silver and 51 other chemical elements analysis by 30 g.
fire assay with finish by a combination of atomic absorption and
gravimetric methods. Additionally, analysis by screen metallic
processes is performed on select samples. ALS Global quality
systems conform to requirements of ISO/IEC Standard 17025
guidelines and meets assay requirements outlined for NI 43-101.
About Tarku Resources Ltd. (TSX.V: TKU)
Tarku is an exploration company focused on making new
discoveries in favourable mining jurisdictions as Quebec and Arizona. In Quebec, Tarku owns 100% on the "Three
A's" exploration projects, (Apollo, Admiral and Atlas
Projects), in the Matagami
greenstone belt, which has been interpreted by management as the
eastern extension of the Detour Belt, and which has seen recent
exploration successes by Midland Exploration Inc., Wallbridge
Mining Company Ltd., Probe Metals Inc. In Arizona, in the Tombstone district, Tarku owns the option to
acquire 75% on 20km2 in the Silver Strike project.
Tarku Contact Information:
Website:
www.tarkuresources.com
LinkedIn:
https://www.linkedin.com/company/11151575/
Facebook:
https://www.facebook.com/tarkuresources/
Twitter:
https://twitter.com/TarkuResources
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.
SOURCE Tarku Resources Ltd.
