Black Tusk Resources’ (CSE: TUSK); (OTC: BTKRF); (FRK: 0NB) Goldsmith Property Offers Investors High Upside Potential in the Near Term
This could be the next fast-moving exploration opportunity.
Thanks to a significant property – with a history of high grade “nuggety” gold mineralization – one up-and-coming gold exploration company could offer investors high upside potential in the coming weeks.
With a fully funded exploration program…a large property in a prolific mining district…and potential near-term catalysts in place…now is the time for investors to consider adding shares of Black Tusk Resources to their portfolio.
What’s Next: Trenching Program
Complete and Testing Underway
The trenching program was designed to follow up on the historic work completed on the property, where mineralized zones returned significantly elevated gold values from bedrock sampling.
Historic rock samples from the property have revealed high-grade results, including:
This program – which was completed in October – was very successful at exposing mineralized bedrock at four distinct locations on the property. Samples were taken from trenches and rock exposures along an 800-meter corridor where high gold values were returned from historic work.
The Black Tusk exploration crew obtained large volume (30-90 Kg) samples from the 4 areas of trenching for bench test scale metallurgical studies. The bench test study will assist in determining the extent of “nugget effect” of gold in the bedrock as well as determining gold distribution.
Seven samples ranging from 30 to 100 Kg in size were submitted to Met-Solve Laboratories Inc. located in Langley, BC.
The results from these studies will help the company evaluate the gold distribution on the property and will help quantify the level of the nugget effect.
Positive results from these studies will not only help trigger a potential drilling program for Black Tusk Resources (CSE: TUSK); (OTC: BTKRF); (FRK: 0NB), they could also be a catalyst for helping increase the value of the company’s shares.
Black Tusk’s Goldsmith Property is
Located in a Historic Mining Region
Black Tusk Resources’ flagship Goldsmith Property is located in the Kootenays region of British Columbia, in the Slocan Mining District – one of the oldest mining camps in all of British Columbia.
The Slocan Mining District is one of the oldest mining camps in British Columbia. Its history dates back to the 1820s with the discovery of the Bluebell deposit – a large discovery which produced silver, lead and zinc until it was shut down in 1972.
In the early 1900s, the region experienced a “gold rush” as the Slocan Mining Camp became one of the most productive in all of British Columbia…and by 1913, the production of non-ferrous metals in the region exceeded $221 million in today’s dollars.
The Goldsmith Property’s “Nuggety” Gold Vein System Holds the Key to its Potential
Black Tusk Resources (CSE: TUSK); (OTC: BTKRF); (FRK: 0NB) recently expanded its Goldsmith Property land package, bringing its total claim package on the property to 12 claims covering 885.5 hectares.
This property is located approximately 65 kilometers north of the City of Kaslo, British Columbia – and the towns of Nelson, Castlegar, Trail and Revelstoke all lie within 200 kilometers of the property.
But while the location – and the infrastructure support in the region – is important…it’s what lies under the ground that is of the greatest interest to potential investors.
Gold mineralization on the Goldsmith Property appears to be contained within quartz veins and stockworks.
The Goldsmith Property has been shown to exhibit classic orogenic gold model characteristics that are coincident with a “nuggety” gold vein system and close-to-the-surface deposits.
This observation has been noted in historic reports and confirmed by some of the very high gold assays obtained from past sampling programs.
Here’s why that “nuggety” gold vein system is so important:
This mineral deposit type is a major source of the world’s gold production and accounts for approximately one quarter of Canada’s gold output.
North American examples of nuggety gold deposits which have hosted significant gold production include the Grass Valley and Motherlode area of California – with over 10 million ounces produced – and the Bralorne Mine of southern British Columbia, which produced 4 million ounces of gold.
Black Tusk Resources (CSE: TUSK); (OTC: BTKRF); (FRK: 0NB): Structured to Perform and Led by an Experienced Management Team
Investors looking for a potentially fast-moving exploration play should consider an investment in Black Tusk Resources (CSE: TUSK); (OTC: BTKRF); (FRK: 0NB), as the company has just 16 million shares outstanding.
Here’s how that stacks up:
On the Canadian Securities Exchange, there are 132 mining/exploration companies listed…and those companies have an average of 64.48 million shares outstanding.
But with just 16 million shares outstanding, Black Tusk investors can feel confident that the company’s shares are well-positioned to benefit from news regarding the testing on samples from the Goldsmith Property.
In addition, the company recently closed a $750,000 private placement – and exploration to determine the Goldsmith Property’s potential has been fully funded…so the company is in sound financial shape moving forward.
Black Tusk Resources (CSE: TUSK); (OTC: BTKRF); (FRK: 0NB) is led by an experienced management team…one with a history of success leading businesses and building value for shareholders. Black Tusk Resources is led by…
Richard Penn – Chief Executive Officer and Director
Mr. Penn previously served as director of Maccabi Ventures, Inc., a publicly-traded company that became Curaleaf, an $8 Stock (CURA:CSE), while being a stock broker at Mackie Research Capital from 2009-2014. Richard IPO’ed Five Star diamonds at $0.10 and the stock hit a high of $0.55. Black TUSK Resources is his newest adventure.
Roman Rubin – Chief Financial Officer, Secretary and Director
Mr. Rubin has served as a Chief Financial Officer, Secretary and was also a founding director of Maccabi Ventures Inc. a publicly-traded company that became Curaleaf, an $8 Stock (CURA:CSE). Roman also raised in the tens of Millions on the Toronto Bay Street Private equity markets. From 2010-2014 he was Vice President – Dealing Representative of League Investments Corp. and managed the entire sales force. Black TUSK Resources is his newest baby.
1) High Upside Opportunity
With only 16 million shares outstanding, Black Tusk Resources’ share structure is perfect for investors looking for significant upside potential. The company lands in the bottom quarter of companies in terms of outstanding shares, positioning its shares to benefit from news from its Goldsmith property.
2) Attractive Property
Black Tusk’s Goldsmith Property contains several high grade gold showings and is part of a significant land package of 885.5 hectares located 65 kilometers north of the City of Kaslo, British Columbia. The Goldsmith Property’s confirmed “nuggety” deposit type is the same type that is a major source of the world’s gold production and accounts for approximately one quarter of Canada’s output.
3) Historic Mining District
The Slocan Mining District – home to Black Tusk’s Goldsmith Property – is one of the oldest mining camps in British Columbia with a production history that dates back to the 1820s. In fact, the Kootenays region – which is where the Slocan Mining District is located – was home to a prolific “gold rush” in the early 1900s
4) Excellent Location
The company’s Goldsmith Property is located in a mining-friendly region with no political obstacles to production and plenty of infrastructure support as well as an experienced mining workforce in the region. In fact, Teck Resources – Canada’s largest diversified mining company – has a smelter located in the nearby town of Trail, BC.
5) Near Term Catalysts
Black Tusk Resources (CSE: TUSK); (OTC: BTKRF); (FRK: 0NB) has completed its fall trenching program on the Goldsmith property. This program included the gathering of large volume samples from four areas of trenching that are now being tested to determine their grade and viability. Positive news from these tests could provide the catalyst for growth that rewards early investors.