news releases - Tarku Resources

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 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.

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.

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.

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

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

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.

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.

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.

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.

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 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.

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.

Tarku Report more High-Grade Results on its Silver Strike Project

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MONTREAL, August 3rd, 2022. Tarku Resources Ltd (TSX-V: TKU – FRA: 7TK – OTCQB: TRKUF) (the “Company” or “Tarku”) is pleased to announce the results of a sampling campaign completed at the historic Solstice Mine, within the 100% owned Silver Strike Project, located in the Tombstone Mining District Cochise County, Arizona.

Highlights:

552.5 g/t Ag Eq, including 482 g/t Ag and 1% lead-zinc combined
407.3 g/t Ag Eq, including 353 g/t Ag and 0.7% lead-zinc combined
358.2 g/t Ag Eq, including 280 g/t Ag and 1.6% lead-zinc combined
354.3 g/t Ag Eq, including 187 g/t Ag and 2.3% lead-zinc combined
303.1 g/t Ag Eq, including 244 g/t Ag and 1.1% lead-zinc combined

Julien Davy, President and CEO of Tarku Resources said: As more high-grade results continue to roll in from our Silver Strike Project, the Solstice Zone has given us results that fully justify further exploration. The samples have demonstrated that the remaining silver content is more substantial than we expected, and that the interception of the conjugate veins sets controls higher-grade zones. These intersections form high-grade ore shoots within breccias and stockworks, that remain open at depth, and control the distribution of high-grade silver-lead-zinc-manganese mineralization at the Solstice Zone. This new information will be critical as we finalise targeting for the upcoming are 6,000m drill program.

Solstice Area:

The assay results come from grab and chip samples taken in June 2022 during managements site visit to the project. Samples were taken to test different areas along the Solstice exploration adit, opened during the 1990’s, which aimed to explore the veins around the historic Solstice Mine. Tarku’s program focused on the enrichment associated with the intersection of two veining systems (N030 and N090) that create cigar shaped ore shoots, which dip steeply to the northwest (see figure below). These enriched zones were historically worked at the Solstice Mine until 240 feet where they hit the water table. According to Tarku’s results, background silver content in a single vein appears to grade between 10 and 90g/t silver (or 0.3 to 3 oz/t silver), while the ore shoots contain silver grades between 180 and 482 g/t silver (or 6 to 15 oz/t silver).

According to historical compilation, the Solstice Mine has been sporadically worked from a vertical shaft between 1914 and 1940 producing 475 tons of ore containing 20,761 oz of Ag, 107 oz of Au, 841 lb of Cu and 133,865 lb of Pb. During those years the historic miners biggest challenge remained the water table around 240 feet below surface opening today’s potential for substantial mineralization at depth.

Tarku’s focus during the next drill program at the Solstice area will be to test the depth continuity of those ore shoots and to demonstrate the stability of the mineralization high-grade values.

Assay Results:

The following table summarized all results received from the Solstice Adit Sampling program completed in June 2022:

Sample #	Location	Ag Eq, (g/t)	Ag (g/t)	Au (g/t)	Cu (%)	Pb (%)	Zn (%)	Comb. Pb+Zn (%)	Mn (%)
01	Solstice Adit	113,90	46,9	0,24	0,03	0,77	0,48	1,3	3,70
02	Solstice Adit	27,56	10,4	0,15	0,00	0,03	0,07	0,1	1,16
03	Solstice Adit	15,18	6,6	0,07	0,00	0,02	0,04	0,1	1,41
04	Solstice Adit	354,30	187,0	0,96	0,02	1,40	0,92	2,3	6,01
05	Solstice Adit	122,59	91,1	0,17	0,00	0,19	0,24	0,4	3,17
06	Solstice Adit	52,25	17,8	0,06	0,00	0,48	0,35	0,8	2,78
07A	Solstice Adit	147,10	95,8	0,17	0,01	0,11	0,75	0,9	7,35
07B	Solstice Adit	20,58	8,9	0,03	0,00	0,04	0,18	0,2	0,74
08	Solstice Adit	72,28	36,4	0,13	0,02	0,23	0,36	0,6	5,80
09	Solstice Adit	47,28	24,2	0,13	0,00	0,09	0,20	0,3	1,71
10A	Solstice Adit	303,09	244,0	0,20	0,01	0,42	0,64	1,1	7,20
10B	Solstice Adit	2,57	1,0	0,01	0,00	0,00	0,02	0,0	0,10
10C	Solstice Adit	40,38	7,3	0,23	0,00	0,29	0,10	0,4	2,51
11	Solstice Adit	358,20	280,0	0,12	0,03	0,37	1,26	1,6	4,29
12	Solstice Adit	6,07	1,4	0,02	0,00	0,03	0,05	0,1	0,20
13	Solstice Adit	5,61	2,7	0,01	0,00	0,02	0,04	0,1	0,23
14	Solstice Adit	407,28	353,0	0,28	0,05	0,30	0,37	0,7	3,14
15	Solstice Adit	131,44	56,6	0,28	0,01	1,14	0,38	1,5	4,21
16A	Solstice Adit	552,46	482,0	0,33	0,06	0,57	0,44	1,0	6,01
16B	Solstice Adit	49,78	33,2	0,03	0,00	0,13	0,22	0,4	1,90

Ag Equivalent (AgEq): Only samples with over 5g/t Ag and over 0.05g/t Au were used - Prices of $20/oz silver, $1,800/oz gold (ratio Au:Ag = 90:1), $3.30/lb copper (ratio Cu:Ag = 0.01:1), $0.90/lb lead (ratio Pb:Ag = 0.002:1) and $1.38/lb zinc (ratio Zn:Ag = 0.003:1) were used for equivalent calculations. 100% recoveries have been considered as no metallurgical study has been made yet.

QA/QC and Qualified persons

Samples collected from the Solstice adit were in the form of short panels and grab samples from the walls of the workings. Samples were described, sealed and sent to ALS Geochemistry’s preparatory laboratory in Twin Falls, Idaho. Samples were crushed and 250g pulverized to >85% passing 75 microns. Prepared pulps were sent from Twin Falls to ALS laboratory in Vancouver, Canada for aqua regia extraction with ICP-MS super trace gold and multielement analysis: AUME-ST43.

Figure looking N275° of the Solstice Zone showing the historical Solstice Mine location, Tarku’s 2021 drill holes results and 2022 Solstice exploration adit high-grade samples location and illustrating the depth potential associated with the Ore Shoots steeply dipping to the NW.

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 deep-penetrating and high-resolution geophysical survey over the priority targets, with a minimum of 5,000-meter drill program to follow this year.

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. Tarku has now commenced a deep-penetration and high-definition IP geophysical survey over priority area on Atlas and Apollo Projects, and a minimum of 3,000-meter drill program is planned to follow this during 2022.

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.

Tarku’s Completes Site Visit to its Silver Strike, Arizona

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MONTREAL, June 28, 2022. Tarku Resources Ltd (TSX-V: TKU – FRA: 7TK – OTCQB: TRKUF) (the “Company” or “Tarku”) is pleased to announce its Chairman, Bernard Lapointe, President and CEO, Julien Davy, and a team of consultants has completed a site visit to the 100% owned Silver Strike Project, located in the Tombstone Mining District Cochise County, Arizona.

The site visit focused on validating and ground truthing the results of Tarku’s 2021 drill program and the recently completed geophysical campaigns, concentrating on the Lucky Cuss, the Ground Hog and Solstice Targets.

At the Ground Hog Target, work was undertaken to improve the Company’s understanding of the Mantos type mineralization discovered at the contact between the Nacos and the Bisbee Limestones, during last drill program.
This Target is a newly discovered mineralized zone that was never worked historically and returned 48g/t AgEq over 7.6 m at a depth of 150 m below the surface and 2,447 g/t AgEq on a grab sample on surface (see August 10, 2021 press release)
At the Solstice Target, work focused on the definition of the conjugate veining system (N030 and N090) and the associated enrichment in silver and manganese mineralization associated with coalescence of the two vein systems, where the mineralized zones can be up to 6m (true width).
Samples of this remnant mineralisation have sent for assays with results expected in early-Q3 2022.
The multi-mineral potential, coherent with the Carbonate Replacement Deposit model (CRD model), is now well defined at Silver Strike as demonstrated by Tarku’s high-grade drill and grab samples, rich in in Silver, Gold, Copper, Lead, Zinc and Manganese, validating historical mineral variations that was previously misunderstood.
6,000m drill program testing these exciting targets remains on target to commence this year.

Julien Davy, President and CEO of Tarku Resources said: “The site visit to Silver Strike with a team of geologists and a GIS specialist has allowed us to further assess the implications of the recently completed program of drilling and geophysics. Our interpretation of the results of this work is ongoing and we will update the market further in due coarse. Historical mining in the area left a lot of mineralisation behind for several reasons as technical issues or commodity prices too low. Our work will all feed into our targeting work ahead of are 6,000m drill program due to commence this year.”

Qualified persons

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 deep-penetrating and high-resolution geophysical survey over the priority targets, with a minimum of 5,000-meter drill program to follow this year.

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. Tarku has now commenced a deep-penetration and high-definition IP geophysical survey over priority area on Atlas and Apollo Projects, and a minimum of 3,000-meter drill program is planned to follow this during 2022.

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.

Tarku’s Generates 5.35km of Targets for Drilling its 3As Projects, Quebec

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MONTREAL, May 26, 2022. Tarku Resources Ltd (TSX-V: TKU – FRA: 7TK – OTCQB: TRKUF) (the “Company” or “Tarku”) is pleased to announce that nine high-priority targets, totalling 5.35km in length, have been generated ahead of the maiden drill program at the Apollo Gold Project, following the completion and interpretation of the deep-penetrating and high-resolution IP survey. Apollo is located in the Matagami area, Eeyou Istchee James Bay, Quebec.

Nine (9) high-priority Target Zones, covering a total strike length of 5.35km generated by independent consultant
Targets are located on chargeable anomalous zones
Two of these Targets, AZ-1 and AZ-4, are located on known gold occurrences defined by historic drilling
Historic drilling was on the edge of these anomalies and failed to test the most prospective areas
Individual targets vary in length from 400 meter to 1,000 meters
Independent consultant has proposed 13 drill holes over these nine targets
Drilling to commence in the Fall of 2022

Julien Davy, President and CEO of Tarku Resources said: “This is an exciting time for Tarku and our shareholders, the scale and number of the targets generated by this work program at the Apollo Project has surpassed all our expectations. We will now refine the proposed drill holes ahead of commencing a maiden drill programme at the 3As Projects.”

The IP Survey Interpretation:

The 14.5-line km survey has been conducted by Simcoe Geoscience, using their Alpha IP^TM system. Eight (8) lines were completed in 22 working days 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. The results of this Induced Polarization (IP) survey were combined with the existing IP and magnetic data to ensure the maximum amount of information could be used in the targeting process for our maiden drill program at the 3As Projects.

The resistivity data has defined a number of local structures and geological features, including a series of ENE-WSW dykes and NW-SE oriented faults. The chargeability data has defined nine areas of potential sulphide mineralization covering a total strike length of 5.35km, that appear to be associated with these the dykes and faults (Figure 1). These targets are near-surface, up to 400 meters below the surface (Figure 2).

The targets generated fall into two broad groups:

Strong IP responses associated with low/moderate resistivity values. The responses in this group are interpreted to be consistent with sulphide mineralization, usually offset from structures. The anomalies in this group are potentially associated with gold mineralization hosted by porphyritic and alkaline rocks at the edge of magnetic highs.

Strong IP responses associated with high/moderate resistivity values. The responses in this group are interpreted to be consistent with gold mineralization within shear zones and porphyritic dykes bearing anomalous gold values

Figure 1: Anomaly Interpretation Map over the Apollo Project with Proposed Drill Holes

Figure 2: Chargeability Anomalies at the Apollo Project with Proposed Drill Holes

About the 3As 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. This regional structure 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). This corridor, altered to carbonate-hematite-magnetite, contains the Rivière Waswanipi gold showing (2.36 g/t Au over 1 m; GM 51193) hosted in a porphyritic dyke and tuffs altered to pyrite-fuchsite, as well as several 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).

Collectively, these metallotects present a favourable setting for orogenic gold mineralization associated with alkaline rocks and porphyry intrusions, which Tarku interprets as being similar to those of the regional Sunday Lake Fault, host of the Detour Lake mine or the Kirkland Lake Mining Camp. Tarku cautions that the mineralization at the Detour Lake mine or the Kirkland Lake mining Camp may not be indicative of the mineralization that may be identified on the Company’s Matagami projects and is used as a conceptual exploration model only.

Qualified persons

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 deep-penetrating and high-resolution geophysical survey over the priority targets, with a minimum of 5,000-meter drill program to follow this year.

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. Tarku has now commenced a deep-penetration and high-definition IP geophysical survey over priority area on Atlas and Apollo Projects, and a minimum of 3,000-meter drill program is planned to follow this during 2022.

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.

Tarku announces results from its Annual General and Special Meeting

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MONTREAL, April 19, 2022. Tarku Resources Ltd (TSX-V: TKU – FRA: 7TK – OTCQB: TRKUF) (the “Company” or “Tarku”) is pleased to announce that at its Annual General and Special Meeting held on April 7, 2022, Tarku Shareholders have re-elected as directors: Bernard Lapointe, Julien Davy, Jeff Sheppard, Kyle Appleby and David Watkinson.

The shareholders have also approved to maintain the stock option plan as described in the Information Circular and to continue with Davidson & Company LLP. as the independent auditor of the Corporation.

Following the annual meeting, the Board of Directors appointed the following persons as officers of the Corporation: Bernard Lapointe, Chairman of the Board, Julien Davy, President and Chief Executive Officer and Kyle Appleby, Chief Financial Officer.

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, in the famous Tombstone District, Tarku owns 100% of 29 km² of the Silver Strike Project, which has been interpreted by management as similar to what is found at the Hermosa Project, located 80km 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, which has been interpreted by management as the eastern extension of the Detour Belt, and which has seen recent exploration successes by Midland Exploration Inc., Wallbridge Mining Company Ltd., Probe Metals Inc.

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.

Tarku Engages GoldSpot Discoveries for Target Generation at Silver Strike

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MONTREAL, April 14, 2022. Tarku Resources Ltd (TSX-V: TKU – FRA: 7TK – OTCQB: TRKUF) (the “Company” or “Tarku”) is pleased to announce that it has engaged GoldSpot Discoveries Corp. (“GoldSpot”) (TSXV: SPOT) to assist the Company with target generation at Tarku’s Silver Strike Project, located in the Tombstone District, Arizona. GoldSpot has a large, internationally renowned team of geoscientists and data scientists that are focused on maximizing the chances of discovery using GoldSpot’s proprietary technology and technical expertise. GoldSpot is a leading technology services company that uses machine learning to transform the mineral discovery process. Work has already commenced, with GoldSpot’s Team undertaking magnetic/VLF and radiometric data survey.

Julien Davy, President and CEO of Tarku Resources said: “The GoldSpot Team have a proven track record and we are excited to be working with them on what we believe is one of the most promising projects in Arizona. The geophysical data acquired from this survey will be introductory work that will form the basis upon which, the Tarku and GoldSpot teams will use Artificial Intelligence targeting at Silver Strike and should set the Company up for an exciting year ahead.”

The Geophysical Survey:

GoldSpot’s geophysical services division utilizes the M-PASS system, a triaxial magnetic gradient/VLF platform, with a 2048-channel radiometric sensor that includes a high-resolution camera capable of producing four-band imagery. The combination of these systems onto a single helicopter allows for increased data captured through a single mobilization and flight creating a significantly cost-effective solution for multi-parameter data.

The MAG data of this survey will be first recent geophysical data over the area and has successfully been used to aid the in discovery of Carbonate Replacement Deposit (CRD), which is what Tarku is targeting at Silver Strike.

About the Silver Strike Project

Tarku's Silver Strike Project is located in Cochise County, Arizona, in the famous Tombstone Mining District, one of the earliest silver mining areas in the western United States where production started from numerous silver mines in 1877. Despite the attractive quantity of silver found in the district, low metal prices of the 1915's (below 1 USD/oz), a financial panic, the removal of the United States currency from the silver standard (since the 1900s), as well as the technical inability to deal with underground waters, caused this area to be overlooked.

The area is rich in silver and other base metals and yet has never been explored in modern times with a "big picture" view and utilizing a thorough systematic approach. More than 95% of historic production is from less than 200 meters from surface and is primarily from oxide ore minerals. Discovery potential is remains significant.

The 2021 drill program at Silver Strike has revealed in addition to silver, the presence of high-grades of gold, lead, and zinc suggesting similarities in terms of geological context to the nearby Hermosa Project, which in 2018 was purchased by South32 for US$1.8 billion.

In 2022, Tarku’s program will focus on project advancement, and new discoveries by conducting geophysical, geochemical and a minimum of 5,000-meter drilling focusing on surface to 400 meters depth along the Lucky Cuss and the Ground Hog Trend.

Qualified persons

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

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.