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Tarku bgeins drill program on Guercheville project in Canada

Published 06 February 2018

Tarku Resources has announced the start of a 12 hole drill program totaling 2,555m on the Guercheville project, located adjacent to the Fenton deposit in Quebec, Canada.

The purpose is to follow up on the gold and polymetallic surface showings and to test specific areas of chargeability anomalies and magnetic highs that have been identified by SOQUEM over the past few years. The project is located roughly 50 kilometres southwest of the town of Chapais in the Eeyou Istchee- James Bay territory, Québec.

Julien Davy, President of Tarku, commented: "Recent drilling results published by Cartier Resources on the adjacent Fenton project are very encouraging and management thinks that mineralization associated with geophysical anomalies extend to the Guercheville project. This highlights the strong potential for discovery." Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Guercheville project.

Several gold and polymetallic showings have been identified in different parts of the Guercheville Project in the form of sulphide-bearing quartz veins or veinlets and disseminated sulphides, similar to the Fenton deposit. Their spatial distribution suggests the presence of multiple prospective horizons, indicating a robust mineralizing system. The drilling program aims to follow up some of these showings at depth and laterally including:

  • Clikendish showing: 124 g/t Au (grab sample) and 20.7 g/t Au over 0.5 m (channel sample);
  • Lac Fenton West showing: 19.17 g/t Au (grab sample);
  • 17.42 g/t Au, 2.45% Zn (grab sample);
  • 4.2 g/t Au, 20.8% Zn (grab sample);
  • 6.9 g/t Au, 0.4% Cu (grab sample).

The property is wholly-owned by SOQUEM and Tarku has an option to acquire a 50% interest in the project (see TKU news release January 18th, 2018). Under the terms of the agreement, SOQUEM will be the operator of the work program during the first year and Tarku will have the opportunity to become operator starting the second year.

Source: Company Press Release