Tarku Reports High Grade Drilling Results of up to 1,515 g/t Ag Equivalent over 1.5 m at Silver Strike in Arizona

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MONTREAL, June 3rd, 2021. Tarku Resources Ltd (TSX-V: TKU – FRA: 7TK – OTCQB: TRKUF) (the “Company” or “Tarku”) is pleased to announce additional results from its 2021 drill program on the high-grade Silver Strike Project in the Tombstone District of Arizona (the “Project”). Significant results include 720 g/t silver, 6.44 g/t gold, 5.08% lead and 5.05% zinc or 1,515 g/t silver equivalent (AgEq) over 1.5 m in hole SS21-007 targeting north-south structure located in the historic Lucky Cuss mine area.

Julien Davy, President and CEO of Tarku, stated: “we are extremely pleased with the early results of our Silver Strike drill program. The silver equivalent numbers this close to the surface, far exceeded our expectations. Additionally, presence of gold, lead and zinc, at such high grades was unexpected and welcomed. To date we have received the lab results for 10 out of 23 drill holes, providing us already with a much clearer picture of the geological setting of our Silver Strike project. There are too many high-grade spikes of different metals at different locations over the project to assume coincidence, thus we strongly speculate presence of a large Carbonate Replacement system feeding all various spikes.”

“This mineralisation is within the same stratigraphic package and shows significant similarities in terms of geological context to the nearby Hermosa project which in 2018 was purchased by South32 for $1.8 billion.”

Tarku’s first drill program on the Silver Strike project was completed on May 28, 2021. The program totaling 8,921 feet aimed to test the potential of high-grade silver in 5 different zones (see Table 1 & 2):

  • the north-south structures (Lucky Cuss Fault) around the Lucky Cuss, Luck Sure and East Side historic mines areas,
  • the east-west structure (Prompter Fault) around the Bunker Hill historic mine area,
  • the regional north-east structure around the Ground Hog historic mine,
  • the west extension of the east-west Prompter fault and
  • the Solstice and Ace-in-the-Hole historic mines areas (see Figure 1).

The results received to date include the first 10 holes (SS21-001 to SS21-010) targeting the first two zones described above. Sampling methodology included taking of 5 ft long samples and all results are reported as an average grade over 5 ft.

Holes SS21-006 and SS21-007, revealed that the targeted Lucky Cuss structure encounters several high-grade mineralized zones that appear to be dipping at low angle (to sub-horizontal) within the north-south structure. If proven, this unexpected flat vein orientation within steeply dipping structures could help the Company to better target its future exploration programs. Hole SS21-007 intersected an interesting 3 meters grading 397 g/t Ag, 3.85 g/t Au, 0.20% Cu, 2.73% Pb and 2.70% Zn or 855 g/t AgEq at the depth of 6.1 meters showing the high-grade potential of the Lucky Cuss veining system. As shown in Table 1, the same hole also intersected 1.5 m grading 180 g/t AgEq at 15.2 meters depth and 1.5 m grading 264 g/t AgEq at 74.7 meters depth supporting the stacking interpretation of several high-grade veins within the same Lucky Cuss structure.

The variety of mineralization within the sediments at Lucky Cuss suggest that the Carbonate Replacement Deposit (CRD) model could be more extensively spread over the Silver Strike property than originally expected and that the limits have not yet been found. CRD are typically high-temperature carbonate-hosting Ag-Pb-Zn deposit formed by the replacement of sedimentary, usually carbonate rock, by metal-bearing solutions in the vicinity of igneous intrusions that play the role of heat source. With some local variations, ore body geometries could vary from chimneys to veins to blanketlike body along the bedding plane of the rock, it is then commonly called a manto. Those Polymetallic replacements/mantos are often stratiform wall-rock replacement orebodies distal to porphyry deposits (copper or molybdenum).

Figure 1: Location Map – News Release June 3rd, 2021 (See full size Figure 1)

Table 1 below lists the best assays results received to date and utilizes samples with over 5 g/t Ag and over 0.05 g/t Au. Due to the presence of some significant gold and base metals results, a silver equivalent index (AgEq) was calculated using the criteria described below, Table 1. Once all results have been received, Tarku will be in an excellent position to plan the future exploration programs that will encompass soil geochemistry, geophysics surveys, and a more significant and targeted drill programs.

Table 1: Drill Hole Best Assay Results updated as of this date - News Release June 3rd, 2021.

HoleTargetFrom (m)To (m)Width (2)(m)Ag(g/t)Au(g/t)Cu(%)Pb(%)Zn(%)Ag Eq (1)(g/t)Mn(%)
SS21-001Lucky Cuss3.018.315.240.0360.27
SS21-002Lucky Cuss0.03.03.0120.260.090.270.49630.26
SS21-003Luck Sure47.248.81.5380.230.190.09621.02
SS21-004East Side67.173.26.11360.091382.68
incl.70.173.23.02140.092163.87
SS21-004East Side80.886.96.124240.79
incl.82.386.94.6280.190.25410.83
SS21-005East Side123.44128.024.6240.300.060.200.25660.33
incl.123.4126.53.0220.390.100.220.33770.44
SS21-006Lucky Cuss56.467.110.7200.340.020.200.16570.46
incl.56.459.43.0170.750.060.390.361000.36
SS21-007Lucky Cuss4.622.918.3990.860.050.610.471980.55
incl.6.19.13.03973.850.202.732.708550.84
incl.7.69.11.57206.440.345.085.051 5151.11
SS21-007Lucky Cuss15.222.97.6550.370.040.080.03890.33
incl.15.216.81.5801.030.180.070.061800.50
SS21-007Lucky Cuss74.776.21.52030.310.190.260.382644.79
SS21-008Bunker Hill51.853.31.50.200.10 0.45
SS21-009Bunker Hill10.716.86.1130.030.01140.12
incl.13.715.21.5240.080.110.05340.25
SS21-009Bunker Hill74.776.21.5670.300.071.280.551442.61
SS21-010Bunker Hill96.097.51.5110.070.290.14270.85
SS21-011Ground HogAssays pending
SS21-012Ground HogAssays pending
SS21-013Ground HogAssays pending
SS21-014Ground HogAssays pending
SS21-015Ground HogAssays pending
SS21-016Ground HogAssays pending
SS21-017Ground HogAssays pending
SS21-018SunsetAssays pending
SS21-019SunsetAssays pending
SS21-020Ace in the HoleAssays pending
SS21-021Ace in the HoleAssays pending
SS21-022SolsticeAssays pending
SS21-023SolsticeAssays pending

  • Ag Equivalent (AgEq): Only samples with over 5g/t Ag and over 0,05g/t Au were used - Prices of $24/oz silver, $1,800/oz gold (ratio Au:Ag = 65:1), $4,0/lb copper (ratio Cu:Ag = 0,01:1), $0.90/lb lead (ratio Pb:Ag = 0,002:1) and $1.2/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.

  • Intervals shown are drill intercept, true thickness cannot be calculated yet.


Table 2: Final Drill Hole Locations – News Release June 3rd, 2021

HoleTargetAzimuthDipLength drilled (ft)Length drilled (m)Coord_X (utmZ12N)Coord_Y (utmZ12N)
SS21-001Lucky Cuss13550400121.9587 6653 507 708
SS21-002Lucky Cuss9550439133.8587 6703 507 713
SS21-003Luck Sure9550525160.0587 5163 507 262
SS21-004East Side955029289.0587 6143 507 537
SS21-005East Side9556435132.6587 6143 507 537
SS21-006Lucky Cuss955522067.1587 6703 507 711
SS21-007Lucky Cuss959032599.1587 6653 507 710
SS21-008Bunker Hill32550440134.1588 8413 506 511
SS21-009Bunker Hill3255025577.7588 7323 506 481
SS21-010Bunker Hill32560400121.9588 7323 506 481
SS21-011Ground Hog1405031596.0586 0053 504 576
SS21-012Ground Hog14060400121.9586 0063 504 577
SS21-013Ground Hog13550550167.6586 1243 504 716
SS21-014Ground Hog14560360109.7586 1223 504 719
SS21-015Ground Hog13550580176.8586 0613 504 636
SS21-016Ground Hog1356032097.5586 0683 504 638
SS21-017Ground Hog21260440134.1585 9973 504 578
SS21-018West Rattlesnake14055435132.6586 2913 506 430
SS21-019West Rattlesnake1405527082.3585 4723 505 915
SS21-020Ace in the Hole1405516048.8585 9503 507 778
SS21-021Ace in the Hole14080340103.6585 9493 507 778
SS21-022Solstice14555440134.1585 6163 507 804
SS21-023Solstice14070580176.8585 6163 507 804
TOTAL8,9212,719.1

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 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. In Arizona, in the Tombstone district, Tarku owns the option to acquire 75% on 20km2 in the Silver Strike Project.

Tarku Contact Information:

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Website: www.tarkuresources.com

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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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