Tarku completed an analysis of the Silver Strike project dataset, with recent MAG and radiometric survey results.
This exercise identified new silver-gold targets (+/- copper, lead, zinc) located in the extension of existing anomalies.
Tarku is planning a mapping and sampling program in 2024 to refine these new targets
We continue to advance the Silver Strike project. We are making every effort to demonstrate the full potential of our projects in general and we believe that Tarku represents a very attractive investment opportunity for the mining sector.'
Silver Strike Project Update (silver, gold, copper, lead, zinc, manganese - 29 km2)
The project is 100% owned by Tarku and is located in the famous mining district of
Results from the 23 drill holes announced in
Highlights of Tarku's completed surface exploration in 2020 and 2021 adjusted with today's commodity prices: 2,489 g/t AgEq or 2,030 g/t silver, 0.13 g/t gold, 0.72% copper and 12.26% lead-zinc combined in a grab sample at Ground Hog 1,051 g/t AgEq or 778 g/t silver, 0.65 g/t gold, 1.63% copper and 0.79% lead-zinc combined in a grab sample at Ground Hog 943 g/t AgEq or 434 g/t silver, 0.37 g/t gold, 0.09% copper and 15.15% lead-zinc combined in a grab sample at the Junietta mine
At Ground Hog, work has been undertaken to improve the understanding of the Mantos-type mineralization discovered at the contact between the Nacos and
Highlights from Tarku's 2021 drill program adjusted with today's commodity prices: 1,679 g/t AgEq over 1.5 m or 720 g/t silver, 6.44 g/t gold, 0.34% copper and 10.13% lead-zinc combined (
274 g/t AgEq over 1.5 m or 203 g/t silver, 0.31 g/t gold, 0.19% copper and 0.64% lead-zinc combined (
Around
Highlights of Tarku's 2022 exploration at Solstice adjusted with today's commodity prices: 552.5 g/t Ag Eq, incl. 482 g/t Ag and 1% lead-zinc combined 407.3 g/t Ag Eq, incl. 353 g/t Ag and 0.7% lead-zinc combined 358.2 g/t Ag Eq, incl. 280 g/t Ag and 1.6% lead-zinc combined 354.3 g/t Ag Eq, incl. 187 g/t Ag and 2.3% lead-zinc combined 303.1 g/t Ag Eq, incl. 244 g/t Ag and 1.1% lead-zinc combined
According to the historical compilation, the Solstice mine was sporadically mined from a vertical shaft between 1914 and 1940, producing 475 tons of ore containing 20,761 oz of silver, 107 oz of gold, 841 lbs of copper, and 133,865 lbs of lead. During these years, the miners' biggest challenge has been the water table about 240 feet below surface, seriously opening up the current strong potential for mineralization at depth.
At Solstice, efforts were focused on defining the conjugated vein system (oriented at N030 and N090) and the associated silver and manganese enrichment resulting from the convergence of the two vein systems. The mineralized zones in this zone can extend up to 6 metres in true width. Tarku's next phases in the Solstice region will focus on the continuity of mineralized zones at depth and confirmation of the stability of high-grade mineralization values.
The CRD model
The diversity of mineralization observed in the sediments at Lucky Cuss and Ground Hog strongly suggests that the carbonate replacement deposit ('CRD') model may be more prevalent on the Silver Strike property than originally predicted and its boundaries have not yet been found. CRD is generally a high-temperature carbonate Ag-Pb-Zn deposit formed by the replacement of sedimentary rocks (usually carbonate) by metalliferous solutions, in the vicinity of igneous intrusions and which act as a heat source. With some local variations, the geometry of orebodies can vary from chimneys to veins, passing through flattened bodies along the strata of the rock then commonly known as a manto. These polymetallic replacements/mantos are often stratiform deposits of distal replacement to porphyry deposits (copper or molybdenum). On the Silver Strike project, the abundant presence of manganese is typical of this environment and reinforces the thesis of this CRD-type model.
This deposit model is similar to that of the Hermosa project, located 80 km to the west in
Tarku plans to implement a mapping and sampling program in 2024 to explore the new targets delineated by the recent MAG and radiometric survey.
About Tarku
In
In
In addition, Tarku is maintaining its exploration efforts on its other 100%-owned projects in
Contact:
Email: investors@tarkuresources.com
Web: www.tarkuresources.com
This news release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to differ materially from expected results and planned activities. These risks and uncertainties include those described in Tarku's periodic reports, including the Annual Report, or documents that Tarku files from time to time with securities regulatory authorities.
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