In a news release, gold exploration and development company Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) announced that it has submitted an application to the Quebec Ministry of Forests, Wildlife and Parks for a permit to conduct exploration drilling on the McKenzie East gold project. The company stated that the proposed drill locations were determined by its geological team and that the application process was handled by Sulviculture La Verendrye of Amos, Quebec.
The company indicated that "the McKenzie East project permit will allow for the construction of 18 drill pads, 11 water supply stations and 3 km of access trails." The firm advised that it expects to conduct the work during this year's exploration season.
The firm explained that specific areas of interest were determined from the results of the recently completed magnetic survey over the property combined with data from historical exploration work. The company stated that later this spring when access to the property is more conducive, it will begin surface prospecting, mapping and sampling before it commences diamond drilling.
In addition, the firm noted that it has issued 2 million stock options of which 1.6 million were issued to the company's directors and officers. The company stated that the options have an exercise price of $0.05 per share and that these options will expire on March 24, 2022.
Black Tusk Resources is a gold exploration and development company that focuses on mining regions throughout Canada. The company owns a 100% undivided interest in three separate gold properties, including the South Rim Gold project situated in the Smithers mining camp in British Columbia; the Golden Valley project located 35 km north of La Sarre, West Abitibi, Quebec; and the firm's flagship property, the McKenzie East Gold project located 30 km north of Val-d'Or, Quebec, in the Abitibi greenstone belt.
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