|October 02, 2014|
Tarku Advances Tarku Project with Aggressive 2014 Work Program
|Cranbrook, BC - Tarku Resources Ltd. (TSX-V: TKU) is pleased to report the results of the 2014 work program at the Tarku project. This years' program included a comprehensive historical data compilation, followed by a 976 line-kilometer airborne electromagnetic (TDEM) and magnetic geophysical survey. Analysis of the historical and recently acquired data sets by a team of professional geologists and geophysicists generated a suite of 12 mid- to high-priority targets for additional follow-up. In August of 2014, field crews completed follow-up field work including prospecting, and soil and scintillometer surveys on 4 of these targets. This program generated a total of 15 rock samples, 327 soil samples, and 8645 scintillometer data points.|
The data compilation included a review of historical drill holes from 1965&1967. No uranium assays were completed by early workers on these holes, but significant alteration and graphite-rich horizons were noted in the drill logs. A total of 180 historical lake sediment results were also plotted, with 26 exceeding the 90th percentile of 10 ppm U and up to a property maximum of 122 ppm. For comparison, uranium in regional government lake-sediment samples down ice of the Patterson Lake South deposit returned a maximum of 6 ppm U (GSC OF 1642).
Greater than 70 linear kilometers of moderate to strong multichannel EM conductors have been defined by the 2014 airborne geophysical survey. The strongest central conductor has been traced continuously along the length of the property for over 50 km. The conductors are spatially associated with graphite horizons and zones of elevated sulphides. everal radiometric anomalies encountered to date have been associated with thorium-enriched granite or pegmatite boulders. Recent rock sampling continues to develope the gold potential of the property with samples returning up to 2.26 g/t Au. Soil geochemical results are particularly encouraging with several multi-element anomaly clusters aligning with prospective geophysical anomalies. The most encouraging zone (south of SMDI 1111) returned up to 48.6 ppb Au, 759 ppb Ag, and 1.34 ppm U in B-horizon soil samples. The geochemical anomaly is 150 m wide by a minimum of 1000 m long.
Recommendations are to follow-up on this exciting new overlapping geochemical and geophysical anomaly zone. Proposed phase I work includes detailed prospecting/geological mapping, and infill soil geochemistry. Contingent on phase I results, a second phase of targeted ground EM geophysical survey lines would be completed over the best geochemical targets with the intent of refining collar locations for a subsequent diamond drilling program.
Tarku Resources has significant land holdings in the Athabasca Basin of northern Saskatchewan. The Athabasca Basin is arguably the world's pre-eminent uranium district, with grades commonly exceeding 20% U3O8 in several deposits and production in excess of 100 million pounds in several of these deposits. The Athabasca Basin has produced over 700 million pounds U3O8 to date, with unexploited resources of 1.6 billion pounds U3O8 and significant exploration potential remaining, as evidenced by the recent uranium discoveries of Fission Uranium and Nexgen Energy in the Patterson Lake area. The company will continue to build its portfolio of properties and intends to aggressively carry out exploration on these properties. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the company's properties.
Jarrod Brown, PGeo, is the qualified person as defined by National Instrument 43-101 is responsible for the technical content of this news release.
On behalf of the Board of Directors,
TARKU RESOURCES LTD.
Per: "Bernie Kennedy"
Bernie Kennedy, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements The information in this press release includes certain "forward-looking statements". All statements, other than statements of historical fact, included herein including, without limitation, plans for and intentions with respect to the company's properties, strategic alternatives, quantity of resources or reserves, timing of permitting, construction and production and other milestones, are forward looking statements. Statements concerning Mineral Reserves and Mineral Resources are also forward-looking statements in that they reflect an assessment, based on certain assumptions, of the mineralization that would be encountered and mining results if the project were developed and mined in the manner described. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from TKU's expectations include the uncertainties involving the need for additional financing to explore and develop properties and availability of financing in the debt and capital markets; uncertainties involved in the interpretation of drilling results and geological testing and the estimation of reserves and resources; the need for cooperation of government agencies and First Nations groups in the exploration, and development of properties; and the need to obtain permits and governmental approval. TKU's forward looking statements reflect the beliefs, opinions and projections of management on the date the statements are made. TKU assumes no obligation to update the forward looking statements if management's beliefs, opinions, projections, or other factors should change.
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