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Tarku Resources identifies new Gold targets on its Apollo Project
MONTREAL, April 10, 2019 (GLOBE NEWSWIRE) -- Tarku Resources Ltd. (TSX-V: TKU) (the "Company" or "Tarku") is pleased to provide an update and new interpretation
About this update from Tarku Resources Ltd
[{"type":"text","content":" MONTREAL, April 10, 2019 (GLOBE NEWSWIRE) -- Tarku Resources Ltd. (TSX-V: TKU) (the \"Company\" or \"Tarku\") is pleased to provide an update and new interpretations of its wholly owned Apollo Project, in the Matagami area, Eeyou Istchee James Bay, Quebec. Specifically, a 271 line-km geophysical High-resolution magnetic survey was completed along the 6 km wide favourable zone along the regional Rivière Waswanipi shear zone (see press release dated January 31, 2019). Along with Tarku’s recent till sampling program and historical data compilation, the Company reaffirms the strong gold mineralization similarities with the geological context found at the Detour Lake Mine and the Kirkland Lake Mining Camp. Highlights of the 2019 Magnetic Survey: Magnetic data shows historical Au values associated with porphyritic and alkaline rocks in historical drill holes are mostly located at the edge of magnetic highs and none of the drill holes directly intersected high magnetic anomalies (see figure 1). A correlation between magnetic highs and gold mineralization is interpreted as the nearest Au value to magnetic highs is also the highest Au results on Apollo to date, the Rivière Waswanipi gold showing (2.36 g/t Au over 1 m). Several newly discovered large elongated km-wide magnetic highs are interpreted to be syn-deformation alkaline buried dykes swarms or stock intrusions (see zones [1] and [2] on figure 1). Major NE-SW cross-cutting faults has been interpreted as offsetting other older structures and rocks within the Rivière Waswanipi shear zone (see zones [3] on figure 1). A new interpretation of the survey data has generated many high-priority drill targets focusing on structural intersections, interpreted intrusions and historic untested geophysical anomalies. Julien Davy, President and CEO of Tarku, stated: \"This magnetic survey strengthens our understanding of the source of the gold in the area. All historical drillholes were further to the South of the Rivière Waswanipi Shear Zone as the gold potential related to porphyritic and alkaline rocks similar to the Detour Mine and the location of that regional fault wasn’t understood as it is today. Tarku’s approach today is based on modern and proven models and the Mag survey results give us more confident in our model and opens door for new Gold targets related to intr...