Tarku Resources Ltd. announces the setting up of a 1200 m drill program proposed to start during February 2019 on its completely owned Admiral project in the Matagami region, Eeyou Istchee James Bay, Quebec.
The program aims at structures and major folds in a corridor which is 1–1.5 km wide, discovered by Tarku’s previous high-resolution geophysical activities and data compilations and including the Lac Olga Ouest gold showing situated on the Admiral project (5.9 g/t Au, grab sample, GM 49140).
Furthermore, the Company takes immense pleasure in announcing the recent completion of a 271 line-km high-resolution helicopter-borne magnetic survey above the major targeted area, earlier identified via a till sampling program, on the Apollo and Atlas adjacent projects. Tarku assumes the area has not been investigated for gold.
Tarku possesses three projects in the Matagami area (Admiral, Apollo, and Atlas) totaling 224 mining titles focused on regional flaws including a favorable setting for orogenic gold mineralization associated with alkaline rocks, ductile shear of the Waswanipi River (RWSZ), and porphyry intrusions. Tarku infers this geological context to be analogous to the Sunday Lake regional fault, the Kirkland Lake Mining Camp or host of the Detour Lake Mine. The company’s management assumes that the gold potential of the Matagami sector has been underestimated and employs present modern geological models and exploration methods to help in finding gold mineralization. Tarku warns that the mineralization at the Kirkland Lake mining Camp or the Detour Lake mine may not serve as an indication of the mineralization that may be identified on the Tarku’s Matagami projects and is used only as a theoretical exploration model.
Drill Program Targeting New Gold Priority Zones on the Admiral Project
The Admiral project is situated on the west of Lake Olga and comprises 30 claims (1667 ha) superimposing the convergence of the Rivière Waswanipi (RWSZ) and Lac Olga (LOSZ) shear zones. The LOSZ includes the Lac Olga Ouest gold showing situated on the Admiral project (5.9 g/t Au, grab sample, GM 49140) and Goldcorp’s high-grade deposit Indice Principal zone Olga situated 10 km southeast of Admiral (14.75 g/t Au, 1.14% Cu, and 10.3 g/t Ag over 1.50 m, GM 50632).
Tarku’s drill program pursues a high-resolution helicopter-borne magnetic and recent data compilation, comprising the whole Admiral Project, which has helped to understand the mineralized systems and, above all, discovered new gold targets. The interpreted data find out high-priority drilling targets described by the axial planes of folds, the intersection of structures, historical electromagnetic Input anomalies, and by low magnetic features or a non-magnetic signal which may depict silica-tourmaline alteration zones as observed at the Indice Principal zone Olga deposit.
High-Resolution MAG Survey on Apollo and Atlas Projects
Tarku accomplished a 271 line-km high-resolution helicopter-borne magnetic survey over the chief targeted area of Apollo and Atlas projects in January 2019. Flight lines were surveyed at a 100-m spacing and were carried out by Dynamic Discovery Geoscience (Ottawa, Ontario) and Prospectair (Gatineau, Quebec) to assist in interpreting the mineralized systems and determine new gold targets within the recently defined favorable zone.
After its 2017 till sampling program, Tarku discovers a 6 km wide favorable zone next to the regional Rivière Waswanipi shear zone (RWSZ) that may be the origin of the gold grains sampled. The company regarded three targets within that 6 km area, (Apollo XI, Apollo XII, and Apollo XV) as priorities for the forthcoming work phases since they were in line with magnetic highs associated with carbonate-hematite-magnetite alteration along or close to the regional gold-bearing RWSZ. This corridor comprises the Rivière Waswanipi gold showing (2.36 g/t Au over 1 m; GM 51193) hosted in a porphyritic dike and tuffs and also a number of porphyry intrusions bearing anomalous gold values on the order of 0.1 to 0.9 g/t Au over 0.6 to 5 m (GM 52712).
After receipt of the final data, Tarku’s management will be able to identify and prioritize additional drilling targets along the regional RWSZ and will evaluate the possibility of completing a drilling campaign to test new gold targets during 2019.