MONTREAL, March 4, 2021 /CNW/ - Tarku Resources Ltd
(TSX-V: TKU) (the "Company" or "Tarku") is pleased to announce that
drilling equipment has been mobilized this week to initiate its
first drill program on its high-grade Silver Strike project,
Arizona.
Located in the famous historical Silver district of Tombstone, Arizona, Tarku's 3,000-meters
reverse circulation drill program will start on March 8, 2021 and will include about 22 holes
targeting 5 different areas on the project. Currently, a team is on
site to follow and analyse the drill progress as well as to conduct
other geological activities including, surface mapping, and
additional sampling to enhance understanding of the mineralized
zones that are known to be controlled by regional structures.
Tarku' strategy for this first drill program of the project is as
follows:
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1)
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To test various
early-stage and advanced targets (about 1,200 meter of drilling):
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. Interpretations to date suggest that those mines
have sub-vertical high-grade silver mineralisation ore-shoots that
are extending at depth that could repeat themselves along regional
structure on their lateral extensions.
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2)
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To target South West
extensions along regional NNE and EW fault systems (about 1,800
meter of drilling) at the Prompter and the Rattlesnake Faults.
Targeted areas include the Ground hog, the Sunset, the Ace in the
Hole and the Solstice area.
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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.
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.
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.
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.