In a news release, Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) announced that "it has contracted Abitibi Geophysics in Val d'Or, Quebec to undertake their OreVision 3D Induced Polarization Survey (IP) on the McKenzie East gold property located north of Val d'Or." The company indicated that the survey will employ the most advanced geophysical applications in order to produce high resolution results on the property.
The firm stated that "the IP survey will be located within the northwest area of the McKenzie East Gold Property in order to trace possible gold-bearing structures extending eastward from the Monarch Gold- McKenzie Break Property."
The company reported that within the coming weeks it expects to receive results from 205 soil samples that were collected by its contractor, VD Géo Service, in late May. The samples were gathered along pre-existing access routes and other areas and have been sent to SGS Mineral Labs for analysis.
Black Tusk Resources pointed out that it acquired a permit allowing it to construct 18 drill pads along with access trails and supporting water supply stations. Following completion of ground surveys, the company intends to carry out its upcoming drill program during this summer's exploration season.
Black Tusk's CEO Richard Penn remarked, "We are extremely excited to conduct 3D IP Surveying on the McKenzie East Gold Project- this advanced technology will help us define high-priority drill targets for this Summer's anticipated Drill Program."
The firm further mentioned that Alexander Tarasov has resigned from the Board of Directors and that the company thanks him for his tremendous service to Black Tusk and wishes him success in the future.
The company additionally reported that "it has settled outstanding indebtedness of $31,500 in exchange for common shares at a price of $0.065 per share." The firm indicated that the shares are subject to a four-month holding period that expires four months from the issue date.
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