Tarku acquires 100% of the MAX Lithium property

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  • MAX Lithium property located in same batholith and geology as and just 4 km southwest of the North American Lithium mine, the only operating lithium mine in Quebec

  • 19 km2 property with road access, surrounded by spodumene-rich pegmatite showings and hosting several outcrops with as-yet untested potential

  • Exploration program to commence soon, and will include detailed mapping and sampling to prepare next drill targets

MONTREAL, March 1, 2023. Tarku Resources Ltd (TSXV: TKU | FRA: 7TK | OTCQB: TRKUF) (the “Company” or “Tarku”) is pleased to announce the acquisition of a 100% interest in 28 claims (19.25 km2) forming the MAX Lithium property from prospectors (the “Vendors”). The property is located in Quebec, Canada, 45 km north of Val-d’Or and 4 km southwest of Sayona Mining’s North American Lithium mine (proven reserves of 1.2 million tonnes grading 0.92% Li2O and probable reserves 28 million tonnes grading 0.96% Li2O (source: company press release dated May 23, 2022)).

Julien Davy, President and CEO of Tarku Resources, said: “This agreement presents a significant new opportunity for Tarku shareholders in the growing global lithium market. Quebec is a haven for high-grade, high-quality lithium, and this project has the advantage of being located on the same batholith and geological context as the only producing lithium mine in Quebec, with spodumene-rich pegmatite showings surrounding the property. The other interesting fact about this property is that it seems to have been overlooked by past explorers, despite its prime location. We intend to do aggressive exploration and drill the project as soon as possible.”

“This new lithium project is also a good complement to our portfolio of quality gold and silver assets in Quebec and Arizona, where we’ll continue to be very active this year, and fits with Tarku’s established exploration strategy of exploring in overlooked, easily accessible areas with strong geological potential in safe jurisdictions,” added Mr. Davy.

Summary of the transaction to acquire the MAX Lithium property

Tarku can earn a 100% interest in the MAX Lithium property by issuing 4 million common shares of the Company (including escrow provisions to release one quarter of the shares in 4 months, one quarter in 8 months, one quarter in 12 months and the final quarter in 16 months). The Company will file all requisite documents with the TSX Venture Exchange (the “TSXV”) in connection with this transaction in order to obtain final acceptance.

Location of the Max Lithium property

Figure 1: Location of Tarku’s MAX Lithium property within the La Corne batholith at 4 km from North American Lithium’s operations

Update on other key projects

The Company also remains active on its other key projects.

On its wholly-owned Silver Strike project in Arizona, Tarku conducted a geophysical survey in 2022 and is now finalizing the planning of its 2023 exploration program, which will include surface mapping over the new targets generated, and potential drill program depending on market conditions. The MAG data from the 2022 survey was the first recent geophysical data for the area and has been used successfully in the discovery of carbonate replacement deposits (CRD), Tarku’s target at Silver Strike.

In Quebec, on its wholly-owned Apollo Gold project, Tarku has completed a maiden 3,048-metre drilling program over the extension of the Sunday Lake fault. Visual inspection of the core reveals both intensive hydrothermal alterations, similar in style to orogenic gold deposits, and magmatic alterations, including hematization, carbonatization and sericitization associated with fine-grained disseminated pyrite, pyrrhotite, sphalerite and copper observed over intervals up to 45 metres thick. Assay results are still pending but are expected very soon.

Financing announcement

Tarku also announces that it is undertaking a non-brokered private placement of units of up to $280,000.

Pursuant to the placement of units, Tarku is offering up to 4,000,000 units (the “Units”) at a price of $0.07 per Unit. Each Unit consists of one common share and one share purchase warrant entitling the holder to acquire one additional common share in the capital of the Company at a price of $0.12 per share, for a period of 24 months from the date the Units are issued. The proceeds of the financing will be used for general working capital purposes.

The Company will file all requisite documents with the TSX Venture Exchange in connection with this transaction in order to obtain final acceptance.

Stock option grant

The board of directors has approved the grant of 3,440,000 stock options pursuant to the Company’s stock option plan. The options were granted to directors, officers and consultants of the Company and are exercisable at a price of $0.10 per share. If not exercised, they will expire on February 28, 2027, subject to earlier expiration in accordance with the stock option plan and the applicable policies of the TSX Venture Exchange.

Qualified persons

Julien Davy, P.Geo., M.Sc, MBA, President and Chief Executive Officer of Tarku, a qualified person under National Instrument 43-101 on standards of disclosure for mineral projects, has prepared, supervised and approved the technical information in this news release.

About Tarku

Tarku Resources Ltd. (TSXV: TKU | FRA: 7TK | OTCBQ: TRKUF) is a mining exploration company focused on advancing the development of new discoveries by using modern techniques in favourable mining jurisdictions such as Quebec and Arizona.

In Arizona, within the famous Tombstone District, Tarku owns 100% of the 29 km2 Silver Strike project. Silver Strike has been interpreted by management to have the potential for similar Carbonate Replacement Deposits (CRD) comparable to the Hermosa project, located 80 km west in Santa Cruz County, Arizona, which South32 acquired for USD 1.8 billion in 2018.

In Quebec, Tarku owns 100% of the “Three A’s” exploration projects, (Apollo, Admiral and Atlas projects), in the Matagami Greenstone Belt, interpreted by management as the eastern extension of the Detour Belt, which has seen recent exploration successes by Midland Exploration, Wallbridge Mining Company and Probe Metals. In addition, the Company owns the MAX Lithium project, located 4 km southwest of Sayona Mining’s North American Lithium mine.

On behalf of Tarku Resources Ltd

Julien Davy,

President and CEO

Tarku Contact Information:
Email: 
Website: www.tarkuresources.com

Please follow @TarkuResources on LinkedInFacebookTwitter and Instagram.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Tarku’s periodic reports including the annual report or in the filings made by Tarku from time to time with securities regulatory authorities.

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Tarku Completes its maiden Drilling at Apollo and confirms the model

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MONTREAL, December 22, 2022. Tarku Resources Ltd (TSX-V: TKU – FRA: 7TK – OTCQB: TRKUF) (the “Company” or “Tarku”) is pleased to announce the successful completion of the maiden drill program on it’s Apollo Gold Project, part of the 3As Projects, located east of the town of Matagami, Eeyou Istchee James Bay, Quebec. Eight holes, for a total of 3,048m were completed on a 4km wide priority area of the east extension of the Sunday Lake Fault. Tarku controls 100% of more than 20km length of the regional faults, where no exploration has ever been reported for gold. Assays are pending for all holes but are expected to be received during Q1 2023.

  • Eight (8) holes, with lengths between 217m and 577m, totalling 3,048m were completed.
  • From east to west, the area covers a 4km long section of the Sunday Lake Fault.
  • Visual inspection of the core reveals both intensive hydrothermal alterations, similar in style to Orogenic Gold Deposits, as well as magmatic alteration including; hematization, carbonatization and sericitization.
  • Fine grained disseminated pyrite, pyrrhotite, sphalerite and copper are observed over intervals up to 45 metres thick.
  • The drill core has now been prepared and sent for assay, with results expected in the first quarter of 2023.

Julien Davy, President and CEO of Tarku Resources said: “We are very impressed by the core recovered during this maiden drill program. All 8 holes intersected prospective environments and the unexpected presence of visible base metals such as sphalerite and copper increase the prospectivity of this overlooked area. We’ll work on the interpretations during the coming weeks but the visible alterations halos of carbonatization, hematization, sericitization and silicification with structural control as visible breccia and the presence of long sequence of mineralization give us strong indications that this project looks more and more like other Abitibi-based multi-million ounces deposits. We eagerly await the assay results and wish all our shareholders and stakeholders a very Merry Christmas and a Happy New Year.”

Apollo Drill Program Summary (See release dated November 24, 2022, for holes 001 to 005):

  • The Sixth Hole (AP-22-006, 325m depth) tested the eastern side of Zone 8 Target (AZ8), corresponding to a high-chargeability anomaly with a strong magnetic susceptibility. Hole 6 intersected strongly altered rocks with pervasive silicification altering with moderate to intense meter wide sections of hematization associated with disseminated to massive magnetite and up to 5% disseminated pyrite. The hole section is regularly crosscut by quartz-carbonate-anhydrite and pyrite veinlets and stockwork with epidote and fuschite associated with pyrite, chalcopyrite and pyrrhotite.
  • The Seventh Hole (AP-22-008, 407m depth) tested the north area of the Zone 6 Target (AZ6) within the regional Sunday Lake Fault corresponding to structurally controlled geophysical responses. The hole intersected a different volcano-sedimentary environment within the regional Sunday Lake Fault with visible strong to intense deformation throughout the hole. The first 170 meters intersected well carbonated sequences of black shale and wacke with metre long sections of up to 10% pyrite and pyrrhotite. After the first 170 metres, lapillis tuffs have strong pervasive silicification and are intruded by quartz-carbonate veinlets that locally become stockwork with cm patches of pyrite, pyrrhotite and chalcopyrite. A decametric wide section showed visible copper with quartz-carbonate veinlets and several syenitic dykes are visible.
  • The Eight Hole (AP-22-007, 577m depth) targeted the Zone 5 Target (AZ5) and the bottom of the main magnetic anomaly. The hole has similarities with hole AP-22-002 with same syenitic dykes and ash to lapillis tuffs with over 100m of pervasive carbonatization, silicification, and hematization associated with disseminated to massive magnetite. The hole intersected a 49 meters long section of up to 5% pyrite, and pyrrhotite, finely disseminated throughout the section with locally sphalerite and potentially molybdenum also described.

Location Map of 2022 drill program at the Apollo Project. Background is a geophysical compilation of MAG, IP and TDEM surveys completed between 2019 and 2022

 

Pictures of 2022 Apollo drill core demonstrating a mineralization environment typical of orogenix and magmatique systemes

Qualified persons

Julien Davy, P.Geo., M.Sc, MBA, President and Chief Executive Officer of Tarku, the qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects, prepared, supervised and approved the technical information in this news release.

About Tarku Resources Ltd. (TSX.V: TKU – FRA: 7TK – OTCBQ: TRKUF)

Tarku is an exploration company focused on new discoveries in favourable mining jurisdictions such as Quebec and Arizona.

In Arizona, within the famous Tombstone District, Tarku owns 100% of the 29 km2 Silver Strike Project. Silver Strike has been interpreted by management to have the protentional for similar CRD Deposits comparable to the Hermosa Project, located 80km west in Santa Cruz County, Arizona, which South32 acquired for USD 1.8 billion in 2018. Tarku is currently planning a surface mapping program, a deep-penetrating and high-resolution geophysical survey over the priority targets, with a minimum of 5,000-meter drill program in the upcoming month.

In Quebec, Tarku owns 100% of the “Three A’s” exploration projects, (Apollo, Admiral and Atlas Projects), in the Matagami Greenstone Belt, which has been interpreted by management as the eastern extension of the Detour Belt. The Detour Belt has seen recent exploration successes by Midland Exploration Inc., Wallbridge Mining Company Ltd., Probe Metals Inc. After the last deep-penetration and high-definition IP geophysical survey over Apollo, Tarku has completed an over 3,000m drill program and is waiting for the results.

On behalf of Tarku Resources Ltd

Julien Davy,

President and CEO

Tarku Contact Information:
Email: 
Website: www.tarkuresources.com

Please follow @TarkuResources on LinkedInFacebookTwitter and Instagram.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Tarku’s periodic reports including the annual report or in the filings made by Tarku from time to time with securities regulatory authorities.

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Tarku Closes $550,000 Private Placement and grants Stock Options

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MONTREAL, December 21, 2022. Tarku Resources Ltd (TSX-V: TKU – FRA: 7TK – OTCQB: TRKUF) (the “Company” or “Tarku”) announces that it has closed today a non-brokered private placement (the “Private Placement”) for aggregate gross proceeds of $550,000. This Private Placement is comprised of 13,750,000 units (the “Units”) at a price of $0.04 per Unit. Each Unit is comprised of one common share and one share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share in the capital of the Company at a price of $0.08 per share, for a period of 36 months from the date the Units are issued.

All securities issued pursuant to the Private Placement is legended with a hold period of four (4) months and one day from the date of issuance. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

The proceeds will be used for general working capital purposes. The Private Placement has been conditionally accepted by the TSX Venture Exchange (“TSXV”) on December 16, 2022. The Company will apply for final acceptance of the TSXV.

Moreover, the board of directors has approved the grant of 500,000 stock options (“Options”) pursuant to the Company’s Stock Option Plan. The options, which were granted to directors and officers of the Company, are exercisable at a price of $0.10 per share. If not exercised, the Options will expire on December 21, 2027, subject to earlier expiration in accordance with the Stock Option Plan and the applicable policies of the TSXV.

About Tarku Resources Ltd. (TSX.V: TKU – FRA: 7TK – OTCBQ: TRKUF)

Tarku is an exploration company focused on new discoveries in favourable mining jurisdictions such as Quebec and Arizona.

In Arizona, within the famous Tombstone District, Tarku owns 100% of the 29 km2 Silver Strike Project. Silver Strike has been interpreted by management to have the protentional for similar CRD Deposits comparable to the Hermosa Project, located 80km west in Santa Cruz County, Arizona, which South32 acquired for USD 1.8 billion in 2018. Tarku is currently planning a surface mapping program, a deep-penetrating and high-resolution geophysical survey over the priority targets, with a minimum of 5,000-meter drill program in the upcoming month.

In Quebec, Tarku owns 100% of the “Three A’s” exploration projects, (Apollo, Admiral and Atlas Projects), in the Matagami Greenstone Belt, which has been interpreted by management as the eastern extension of the Detour Belt. The Detour Belt has seen recent exploration successes by Midland Exploration Inc., Wallbridge Mining Company Ltd., Probe Metals Inc. After the last deep-penetration and high-definition IP geophysical survey over Apollo, Tarku has completed an over than 3,000-meter drill program.

On behalf of Tarku Resources Ltd

Julien Davy,

President and CEO

Tarku Contact Information:
Email: 
Website: www.tarkuresources.com

Please follow @TarkuResources on LinkedInFacebookTwitter and Instagram.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Tarku’s periodic reports including the annual report or in the filings made by Tarku from time to time with securities regulatory authorities.

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Tarku Announces Private Placement

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MONTREAL, December 15, 2022. Tarku Resources Ltd (TSX-V: TKU – FRA: 7TK – OTCQB: TRKUF) (the “Company” or “Tarku”) announces that, subject to required approvals from regulatory authorities, more specifically the TSX Venture Exchange (the “TSXV”), Tarku is proceeding with a non-brokered private placement (the “Private Placement”) of up to 13,750,000 units (the “Units”) at a price of $0.04 per Unit for gross proceeds of up to $550,000. Each Unit is comprised of one common share and one share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share in the capital of the Company at a price of $0.08 per share, for a period of 36 months from the date the Units are issued.

The Company plans to allocate the gross proceeds of the Private Placement to general working capital. Further, the Company will not allocate any of the proceeds to Persons conducting Investor Relations Activities as defined in the policies of the TSXV.

The Company will not pay any finder’s fees on a portion of the Private Placement in accordance with applicable securities laws and the policies of the TSXV.

The Private Placement securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.

About Tarku Resources Ltd. (TSX.V: TKU – FRA: 7TK – OTCBQ: TRKUF)

Tarku is an exploration company focused on new discoveries in favourable mining jurisdictions such as Quebec and Arizona.

In Arizona, within the famous Tombstone District, Tarku owns 100% of the 29 km2 Silver Strike Project. Silver Strike has been interpreted by management to have the protentional for similar CRD Deposits comparable to the Hermosa Project, located 80km west in Santa Cruz County, Arizona, which South32 acquired for USD 1.8 billion in 2018. Tarku is currently planning a surface mapping program, a deep-penetrating and high-resolution geophysical survey over the priority targets, with a minimum of 5,000-meter drill program in the upcoming month.

In Quebec, Tarku owns 100% of the “Three A’s” exploration projects, (Apollo, Admiral and Atlas Projects), in the Matagami Greenstone Belt, which has been interpreted by management as the eastern extension of the Detour Belt. The Detour Belt has seen recent exploration successes by Midland Exploration Inc., Wallbridge Mining Company Ltd., Probe Metals Inc. After the last deep-penetration and high-definition IP geophysical survey over Apollo, Tarku has started a drill program of a minimum of 3,000-meter.

On behalf of Tarku Resources Ltd

Julien Davy,

President and CEO

Tarku Contact Information:
Email: 
Website: www.tarkuresources.com

Please follow @TarkuResources on LinkedInFacebookTwitter and Instagram.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Tarku’s periodic reports including the annual report or in the filings made by Tarku from time to time with securities regulatory authorities.

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Tarku notes the Presence of Orogenic Gold Deposit Style Alteration in its Ongoing Drilling at Apollo

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MONTREAL, November 24, 2022. Tarku Resources Ltd (TSX-V: TKU – FRA: 7TK – OTCQB: TRKUF) (the “Company” or “Tarku”) is pleased provide shareholders with an update on its ongoing drill program at the Apollo Gold Project, part of the 3As Projects, located in the Matagami area, Eeyou Istchee James Bay, Quebec. The drill program is more than half way through, and the Company is pleased with the geological environment encountered in each of the 5 holes. Assays are pending for all holes but are expected to be received during Q1 2023.

  • Five (5) holes totalizing 1,739m completed to date, the sixth hole is underway.
  • Visual inspection of the core reveals intensive hydrothermal alteration similar in style to Orogenic Gold Deposits, including; hematization, carbonatization and-sericitization.
  • Fine grained disseminated pyrite and pyrrhotite are observed over 10 metres to 20 metres intervals.
  • The drill core has now been prepared and sent for assay, with results expected in the first quarter of 2023.

Julien Davy, President and CEO of Tarku Resources said: “The completion of the first five holes at the Apollo Gold Project has revealed an extensive hydrothermal system within a strongly deformation corridor across the project area. The visual inspection of the core showed alteration types associated with visible sulfide mineralization within the core, typical of orogenic gold bearing systems and more specifically of iron-rich alkaline and calcitic metasomatic system, such as numerous gold deposit in the Abitibi region and the nearby Detour Lake Gold Mine. We eagerly await the assay results.”

Apollo Drill Program Summary

  • The First Hole (AP-22-001, 408m depth) tested the Eastern edge of the Zone 4 Target (AZ4) corresponding to a high-chargeability anomaly, observed on the flank of a large magnetic anomaly suggesting the presence of mafic intrusion or a group of porphyritic dykes with an east-west orientation. The rocks are highly deformed with a strong schistosity (Picture 1). The hole intersected about 150m of strongly sericitized felsic volcanic tuffs, followed by intermediate to mafic volcanic ash to lapilli tuff sequences (Picture 2) with strong porphyry-style alteration transitioning from hematization-magnetitization to carbonatization-sericitization and strong silicification accompanied by an increase in alteration intensity with downhole depth. Up to 6% pyrite and potentially pyrrhotite (Picture 4) has been describe associated with the intensity of the carbonatization and hematization in places;
  • The Second Hole (AP-22-002, 386m depth) tested the east side of the Zone 1 Target (AZ1) corresponding to an increasing chargeability associated with a decreasing resistivity and a strong magnetic anomaly. The hole intersected syenitic rocks toward the top of the hole and over 100m of pervasive carbonatization, silicification, and hematization associated with disseminated to massive magnetite (Picture 3) with up to 7% pyrite, and potentially pyrrhotite, both finely disseminated. In several meter-long sections, carbonate veinlets are also present with recrystalized pyrite, and potentially pyrrhotite (picture 04).
  • The Third Hole (AP-22-003, 358m depth) also targeted the Zone 1 Target (AZ1) on its western margin corresponding to an increasing chargeability associated with a decreasing resistivity and a strong magnetic anomaly. The hole, which is 100m apart from AP-22-002, intersected similar very long strong pervasive alteration sequences with up to 7% pyrite and potentially pyrrhotite both finely disseminated and recrystalized associated with carbonate veinlets. Presence of magnetite veinlets associated with fine disseminated pyrite. Hole intersected about 8m of syenitic-type intrusion.
  • The Fourth Hole (AP-22-004, 217m depth) tested the Zone 2 Target (AZ2), located about 250m north from Zone 1. The hole intersected more mafic units with 10m long strong porphyry-style alteration transitioning from quartz-carbonate-ankerite to hematization-magnetite associated with up to 5% pyrite very finely disseminated (Picture 5). Epidotization, as well as fuschite have been describe in the hole.
  • The Fifth Hole (AP-22-005, 370m depth) tested the Western edge of the Zone 8 Target corresponding to a high chargeability followed with a strong magnetic susceptibility. Hole intersected same intermediate to mafic volcanic tuffs (Picture 6) weakly to moderately altered until the presence of several meter wide syenitic intrusions. The 100m wide section is strongly altered with pervasive silicification altering with moderate to intense meter wide sections of hematization associated with disseminated to massive magnetite and up to 5% disseminated pyrite. The hole section is regularly crosscut by quartz-carbonate and pyrite veinlets stockwork.

Location Map of the ongoing drill program at the Apollo Project. Background is a geophysical compilation of MAG, IP and TDEM surveys completed between 2019 and 2022

Pictures of the drill core demonstrating the strong deformation environment with strong alteration phases associated with mineralization

About the 3As project

The Apollo Project is part of the 100%-owned, 3 As projects (Apollo, Atlas, Admiral), and is located adjacent and to the north of the Atlas Project. It consists of 69 claims (3,775 ha, or 37.7 km2) centred on the Rivière Waswanipi Shear Zone (RWSZ). Collectively, the 3 As projects consists of 217 claims covering 130 km2 in prolific area.

The 3 As projects were acquire in 2016, as Tarku staked open ground, based on a detailed data compilation exercise in the region, this process also took into account the historical zinc mining district of Matagami (4.6 Mt Zn and 0.494 Mt Cu from 1960 to 2004) and the overlooked potential for gold mineralization.

These studies suggested that the regional shear zone was the eastern extension of the Sunday Lake Fault, which host’s the 15 Moz Au Detour Lake Mine and the Kirkland Lake Mining Camp, which historically produced over 50 million ounces of gold. Similar to the Sunday Lake Fault the RWSZ is characterized by the presence of alkaline rocks, polygenic conglomerates (Timiskaming type) and porphyry intrusions bearing anomalous gold values on the order of hundreds of parts per billion (GM 52712).

Along the same regional structure, other explorers, such as Maple Gold, Balmoral and Midland Exploration, have returned exciting drill results and demonstrated the strong gold potential of the area.

Qualified persons

Julien Davy, P.Geo., M.Sc, MBA, President and Chief Executive Officer of Tarku, the qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects, prepared, supervised and approved the technical information in this news release.

About Tarku Resources Ltd. (TSX.V: TKU – FRA: 7TK – OTCBQ: TRKUF)

Tarku is an exploration company focused on new discoveries in favourable mining jurisdictions such as Quebec and Arizona.

In Arizona, within the famous Tombstone District, Tarku owns 100% of the 29 km2 Silver Strike Project. Silver Strike has been interpreted by management to have the protentional for similar CRD Deposits comparable to the Hermosa Project, located 80km west in Santa Cruz County, Arizona, which South32 acquired for USD 1.8 billion in 2018. Tarku is currently planning a surface mapping program, a deep-penetrating and high-resolution geophysical survey over the priority targets, with a minimum of 5,000-meter drill program in the upcoming month.

In Quebec, Tarku owns 100% of the “Three A’s” exploration projects, (Apollo, Admiral and Atlas Projects), in the Matagami Greenstone Belt, which has been interpreted by management as the eastern extension of the Detour Belt. The Detour Belt has seen recent exploration successes by Midland Exploration Inc., Wallbridge Mining Company Ltd., Probe Metals Inc. After the last deep-penetration and high-definition IP geophysical survey over Apollo, Tarku has started a drill program of a minimum of 3,000-meter.

On behalf of Tarku Resources Ltd

Julien Davy,

President and CEO

Tarku Contact Information:
Email: 
Website: www.tarkuresources.com

Please follow @TarkuResources on LinkedInFacebookTwitter and Instagram.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Tarku’s periodic reports including the annual report or in the filings made by Tarku from time to time with securities regulatory authorities.

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Tarku Commences Drilling its 3As Projects, Quebec

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MONTREAL, October 25, 2022. Tarku Resources Ltd (TSX-V: TKU – FRA: 7TK – OTCQB: TRKUF) (the “Company” or “Tarku”) is pleased to announce that it has commenced drilling at the Apollo Gold Project, part of the 3As Projects, located in the Matagami area, Eeyou Istchee James Bay, Quebec.

  • First drill hole now underway as part of the 3,000 to 3,500 metres diamond drill program, testing six (6) of the nine (9) high-priority Target Zones that cover a total strike length of 5.35km.

Julien Davy, President and CEO of Tarku Resources said: “The commencement of drilling at the Apollo Gold Project is an exciting moment for Tarku and our shareholders. We have been working and accumulating geological knowledge on this never drilled sector of the Sunday Lake Fault, host of the Detour Lake Mine, since 2016. Drilling is targeting orogenic-style gold mineralization, for which drill results of between 0.5 and 1g/t Au over several metres are typical and would be considered very encouraging for the future of this project.  We anticipate that we will receive the first set of results before the end of the year and the final set of results before the end of Q1 2023.”

Figure 1: Drill Rig at the Apollo Project

Tarku drilling 3As Apollo project in Quebec

About the 3As project

The Apollo Project is part of the 100%-owned, 3 As projects (Apollo, Atlas, Admiral), and is located adjacent and to the north of the Atlas Project. It consists of 69 claims (3,775 ha, or 37.7 km2) centred on the Rivière Waswanipi Shear Zone (RWSZ). Collectively, the 3 As projects consists of 217 claims covering 130 km2 in prolific area.

The 3 As projects were acquire in 2016, as Tarku staked open ground, based on a detailed data compilation exercise in the region, this process also took into account the historical zinc mining district of Matagami (4.6 Mt Zn and 0.494 Mt Cu from 1960 to 2004) and the overlooked potential for gold mineralization.

These studies suggested that the regional shear zone was the eastern extension of the Sunday Lake Fault, which host’s the 15 Moz Au Detour Lake Mine and the Kirkland Lake Mining Camp, which historically produced over 50 million ounces of gold. Similar to the Sunday Lake Fault the RWSZ is characterized by the presence of alkaline rocks, polygenic conglomerates (Timiskaming type) and porphyry intrusions bearing anomalous gold values on the order of hundreds of parts per billion (GM 52712).

Along the same regional structure, other explorers, such as Maple Gold, Balmoral and Midland Exploration, have returned exciting drill results and demonstrated the strong gold potential of the area.

Qualified persons

Julien Davy, P.Geo., M.Sc, MBA, President and Chief Executive Officer of Tarku, the qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects, prepared, supervised and approved the technical information in this news release.

About Tarku Resources Ltd. (TSX.V: TKU – FRA: 7TK – OTCBQ: TRKUF)

Tarku is an exploration company focused on new discoveries in favourable mining jurisdictions such as Quebec and Arizona.

In Arizona, within the famous Tombstone District, Tarku owns 100% of the 29 km2 Silver Strike Project. Silver Strike has been interpreted by management to have the protentional for similar CRD Deposits comparable to the Hermosa Project, located 80km west in Santa Cruz County, Arizona, which South32 acquired for USD 1.8 billion in 2018. Tarku is currently planning a surface mapping program, a deep-penetrating and high-resolution geophysical survey over the priority targets, with a minimum of 5,000-meter drill program in the upcoming month.

In Quebec, Tarku owns 100% of the “Three A’s” exploration projects, (Apollo, Admiral and Atlas Projects), in the Matagami Greenstone Belt, which has been interpreted by management as the eastern extension of the Detour Belt. The Detour Belt has seen recent exploration successes by Midland Exploration Inc., Wallbridge Mining Company Ltd., Probe Metals Inc. After the last deep-penetration and high-definition IP geophysical survey over Apollo, Tarku is planning a minimum of 3,000-meter drill program during the fall 2022 period.

On behalf of Tarku Resources Ltd

Julien Davy,

President and CEO

Tarku Contact Information:
Email: 
Website: www.tarkuresources.com

Please follow @TarkuResources on LinkedInFacebookTwitter and Instagram.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Tarku’s periodic reports including the annual report or in the filings made by Tarku from time to time with securities regulatory authorities.

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The TSXV provides final acceptance for warrant terms extension

MONTREAL, September 30, 2022. Tarku Resources Ltd (TSX-V: TKU – FRA: 7TK – OTCQB: TRKUF) (the “Company” or “Tarku”) is pleased to announce that the TSX Venture Exchange (the “TSXV”) has provided final acceptance on September 29, 2022 regarding the extension of 12,500,00 warrants issued pursuant to a private placement closed on October 30, 2020 (the “Warrants”). The Warrants will set to expire on May 1, 2024 with an exercise price of $0.15 per Warrant.

About Tarku Resources Ltd. (TSX.V: TKU – FRA: 7TK – OTCBQ: TRKUF)

Tarku is an exploration company focused on new discoveries in favourable mining jurisdictions such as Quebec and Arizona.

In Arizona, within the famous Tombstone District, Tarku owns 100% of the 29 km2 Silver Strike Project. Silver Strike has been interpreted by management to have the protentional for similar CRD Deposits comparable to the Hermosa Project, located 80km west in Santa Cruz County, Arizona, which South32 acquired for USD 1.8 billion in 2018. Tarku is currently planning a surface mapping program, a deep-penetrating and high-resolution geophysical survey over the priority targets, with a minimum of 5,000-meter drill program in the upcoming month.

In Quebec, Tarku owns 100% of the “Three A’s” exploration projects, (Apollo, Admiral and Atlas Projects), in the Matagami Greenstone Belt, which has been interpreted by management as the eastern extension of the Detour Belt. The Detour Belt has seen recent exploration successes by Midland Exploration Inc., Wallbridge Mining Company Ltd., Probe Metals Inc. After the last deep-penetration and high-definition IP geophysical survey over Apollo, Tarku is planning a minimum of 3,000-meter drill program during the fall 2022 period.

On behalf of Tarku Resources Ltd

Julien Davy,

President and CEO

Tarku Contact Information:
Email: 
Website: www.tarkuresources.com

Please follow @TarkuResources on LinkedInFacebookTwitter and Instagram.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Tarku Receives Permits for Drilling its 3As Projects, Quebec

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MONTREAL, September 28, 2022. Tarku Resources Ltd (TSX-V: TKU – FRA: 7TK – OTCQB: TRKUF) (the “Company” or “Tarku”) is pleased to announce that it has received the required permits for it to commence drilling at the Apollo Gold Project, part of the 3As Projects, located in the Matagami area, Eeyou Istchee James Bay, Quebec.

  • Receipt of permits paves the way for drilling to commence in October 2022.
  • Initial program of 3,000 to 3,500 meters of diamond drilling planned.
  • Drilling to initially test six (6) of the nine (9) high-priority Target Zones defined in the May 26, 2022, release.
  • The first six targets will be AZ-1, AZ-2, AZ-4, AZ-5, AZ-6 and AZ-8, but the program may be expanded to test other targets depending on results.
  • The nine Target Zones cover a total strike length of 5.35km.

Julien Davy, President and CEO of Tarku Resources said: “While the Apollo Project was drilled historically more to the South, the majority of those holes did not test the recently defined chargeability anomalies. Encouragingly, two historic drill holes were completed on the edges of two of the nine anomalies, and both returned gold bearing intercepts. We now have the opportunity to better understand the geology of the area and to test the most prospective areas of this exciting project and we look forward to reporting the first set of results before the end of the year. The final set of results are expected to be received before the end of Q1 2023.”

Figure 1: Anomaly Interpretation Map and Target Zones over the Apollo Project

About the 3As project

The Apollo Project is part of the 100%-owned, 3 As projects (Apollo, Atlas, Admiral), and is located adjacent and to the north of the Atlas Project. It consists of 69 claims (3,775 ha, or 37.7 km2) centred on the Rivière Waswanipi Shear Zone (RWSZ). Collectively, the 3 As projects consists of 217 claims covering 130 km2 in prolific area.

The 3 As projects were acquire in 2016, as Tarku staked open ground, based on a detailed data compilation exercise in the region, this process also took into account the historical zinc mining district of Matagami (4.6 Mt Zn and 0.494 Mt Cu from 1960 to 2004) and the overlooked potential for gold mineralization.

These studies suggested that the regional shear zone was the eastern extension of the Sunday Lake Fault, which host’s the 15 Moz Au Detour Lake Mine and the Kirkland Lake Mining Camp, which historically produced over 50 million ounces of gold. Similar to the Sunday Lake Fault the RWSZ is characterized by the presence of alkaline rocks, polygenic conglomerates (Timiskaming type) and porphyry intrusions bearing anomalous gold values on the order of hundreds of parts per billion (GM 52712).

Along the same regional structure, other explorers, such as Maple Gold, Balmoral and Midland Exploration, have returned exciting drill results and demonstrated the strong gold potential of the area.

Tarku’s Drilling is targeting orogenic-style gold mineralization, for which drill results of between 0.5 and 1g/t Au over several meters are typical and would be considered very encouraging for the future of this project.

Qualified persons

Julien Davy, P.Geo., M.Sc, MBA, President and Chief Executive Officer of Tarku, the qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects, prepared, supervised and approved the technical information in this news release.

About Tarku Resources Ltd. (TSX.V: TKU – FRA: 7TK – OTCBQ: TRKUF)

Tarku is an exploration company focused on new discoveries in favourable mining jurisdictions such as Quebec and Arizona.

In Arizona, within the famous Tombstone District, Tarku owns 100% of the 29 km2 Silver Strike Project. Silver Strike has been interpreted by management to have the protentional for similar CRD Deposits comparable to the Hermosa Project, located 80km west in Santa Cruz County, Arizona, which South32 acquired for USD 1.8 billion in 2018. Tarku is currently planning a surface mapping program, a deep-penetrating and high-resolution geophysical survey over the priority targets, with a minimum of 5,000-meter drill program in the upcoming month.

In Quebec, Tarku owns 100% of the “Three A’s” exploration projects, (Apollo, Admiral and Atlas Projects), in the Matagami Greenstone Belt, which has been interpreted by management as the eastern extension of the Detour Belt. The Detour Belt has seen recent exploration successes by Midland Exploration Inc., Wallbridge Mining Company Ltd., Probe Metals Inc. After the last deep-penetration and high-definition IP geophysical survey over Apollo, Tarku is planning a minimum of 3,000-meter drill program during the fall 2022 period.

On behalf of Tarku Resources Ltd

Julien Davy,

President and CEO

Tarku Contact Information:
Email: 
Website: www.tarkuresources.com

Please follow @TarkuResources on LinkedInFacebookTwitter and Instagram.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Tarku’s periodic reports including the annual report or in the filings made by Tarku from time to time with securities regulatory authorities.

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Extension of Expiry Date of Warrants

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MONTREAL, September 26, 2022. Tarku Resources Ltd (TSX-V: TKU – FRA: 7TK – OTCQB: TRKUF) (the “Company” or “Tarku”) announces that, subject to required approvals from regulatory authorities, more specifically the TSX Venture Exchange (the “TSXV”), Tarku will extend until May 1, 2024, the expiry date of 12,500,000 common share purchase warrants (the “Warrants”) issued in connection with a private placement closed on October 30, 2020 (the “Private Placement”). Pursuant to the Private Placement, Tarku distributed 25,000,000 units at a price of $0.10 per unit. Each unit consisted of one (1) common share and one-half (1/2) Warrant, each whole Warrant entitling to subscribe for one (1) additional common share of Tarku at a price of $0.15 per share until October 30, 2022.

About Tarku Resources Ltd. (TSX.V: TKU – FRA: 7TK – OTCBQ: TRKUF)

Tarku is an exploration company focused on new discoveries in favourable mining jurisdictions such as Quebec and Arizona.

In Arizona, within the famous Tombstone District, Tarku owns 100% of the 29 km2 Silver Strike Project. Silver Strike has been interpreted by management to have the protentional for similar CRD Deposits comparable to the Hermosa Project, located 80km west in Santa Cruz County, Arizona, which South32 acquired for USD 1.8 billion in 2018. Tarku is currently planning a surface mapping program, a deep-penetrating and high-resolution geophysical survey over the priority targets, with a minimum of 5,000-meter drill program in the upcoming month.

In Quebec, Tarku owns 100% of the “Three A’s” exploration projects, (Apollo, Admiral and Atlas Projects), in the Matagami Greenstone Belt, which has been interpreted by management as the eastern extension of the Detour Belt. The Detour Belt has seen recent exploration successes by Midland Exploration Inc., Wallbridge Mining Company Ltd., Probe Metals Inc. After the last deep-penetration and high-definition IP geophysical survey over Apollo, Tarku is planning a minimum of 3,000-meter drill program during the fall 2022 period.

On behalf of Tarku Resources Ltd

Julien Davy,

President and CEO

Tarku Contact Information:
Email: 
Website: www.tarkuresources.com

Please follow @TarkuResources on LinkedInFacebookTwitter and Instagram.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Tarku Closes $740,000 Private Placement Financing and Will Start Drilling on Apollo, Quebec

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MONTREAL, QC - September 9, 2022 - Tarku Resources Ltd (TSXV:TKU - FRA:7TK - OTCQB:TRKUF) (the "Company" or "Tarku") announces that it has closed on September 9, 2022, a non-brokered private placement (the "Private Placement") for aggregate gross proceeds of $740,000. This Private Placement is comprised of 7,400,000 Flow-Through Shares of the Company at a price of $0.10 per share.

All securities issued pursuant to the Private Placement is legended with a hold period of four (4) months and one day from the date of issuance. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

The Company paid finder's fees in a cash commission equal to 7% of aggregate proceeds from the sale of Units sourced by the finder totaling $44,400, as well as finder's warrants (the "Finder's Warrants") in an amount of 434,000 which is equal to 7% of the aggregate number of Units sourced by the finder pursuant to the Private Placement. Each Finder's Warrant is exercisable to purchase one Common Share at an exercise price of $0.15 until September 9, 2024.

The net proceeds of the Private Placement will be used to fund the Company's Gold Apollo project in Quebec. The Private Placement has been conditionally accepted by the TSX Venture Exchange on August 24, 2022.

About the Apollo project

The Apollo Project is part of the 100%-owned by Tarku 3As project (Apollo, Atlas, Admiral) and is located adjacent and to the north of its Atlas Project. It consists of 69 claims (3,775 ha) centred on the Rivière Waswanipi ductile shear zone. Last IP survey conducted during last winter, allows Tarku to refine and generate high-priority drill targets, over the priority area of the Rivière Waswanipi Shear Zone, which Tarku interprets as being the east extension the regional Sunday Lake Fault, host of the Detour Lake Gold Mine or the Kirkland Lake Gold Mining Camp.

Those high-priority drill targets will be the host of Tarku next drill program, starting October 2022.

About Tarku Resources Ltd. (TSX.V:TKU - FRA:7TK - OTCBQ:TRKUF)

Tarku is an exploration company focused on new discoveries in favourable mining jurisdictions such as Quebec and Arizona.

In Arizona, within the famous Tombstone District, Tarku owns 100% of the 29 km2 Silver Strike Project. Silver Strike has been interpreted by management to have the protentional for similar CRD Deposits comparable to the Hermosa Project, located 80km west in Santa Cruz County, Arizona, which South32 acquired for USD 1.8 billion in 2018. Tarku is currently planning a surface mapping program, a deep-penetrating and high-resolution geophysical survey over the priority targets, with a minimum of 5,000-meter drill program in the upcoming month.

In Quebec, Tarku owns 100% of the "Three A's" exploration projects, (Apollo, Admiral and Atlas Projects), in the Matagami Greenstone Belt, which has been interpreted by management as the eastern extension of the Detour Belt. The Detour Belt has seen recent exploration successes by Midland Exploration Inc., Wallbridge Mining Company Ltd., Probe Metals Inc. After the last deep-penetration and high-definition IP geophysical survey over Apollo, Tarku is planning a minimum of 3,000-meter drill program during the fall 2022 period.

On behalf of Tarku Resources Ltd

Julien Davy,
President and CEO

Tarku Contact Information:
Email: 
Website: www.tarkuresources.com

Please follow @TarkuResources on LinkedIn, Facebook, Twitter and Instagram.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Tarku's periodic reports including the annual report or in the filings made by Tarku from time to time with securities regulatory authorities.

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