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Tarku Resources Identifies new Gold Targets on the Apollo and Atlas Projects
SASKATOON, SASKATCHEWAN--(Marketwired - Feb. 28, 2018) - Tarku Resources Ltd (TSX VENTURE:TKU) (the "Company" or "Tarku") is pleased to announce it has identifi
About this update from Tarku Resources Ltd
[{"type":"text","content":"SASKATOON, SASKATCHEWAN--(Marketwired - Feb. 28, 2018) - Tarku Resources Ltd (TSX VENTURE:TKU) (the \"Company\" or \"Tarku\") is pleased to announce it has identified new gold-in-till zones using the preliminary results of exploration work on the Apollo and Atlas projects in the Matagami area of Québec. These results highlight a main area where samples with more than 15 gold grains are concentrated, in addition to three up-ice gold targets that may be the source of the gold grains. The three targets, Apollo XI, Apollo XII and Apollo XV, are considered priorities for the upcoming work phases. They correspond to magnetic highs associated with carbonate-hematite-magnetite alteration along or near the regional gold-bearing Rivière Waswanipi Shear Zone. Julien Davy, president of Tarku, commented \"We are very encouraged by these results. They support our interpretation that the gold context of these projects is similar to those of the regional Sunday Lake Deformation Zone, host of the Detour Lake mine and Midland Exploration's new discovery, the Vortex Zone\". To validate historical gold results and to locate the source of gold mineralization, Tarku carried out a till, humus and rock sampling survey in autumn 2017. The gold grain counts for samples collected on both projects ranged from 1 to 47, with 18 samples containing more than 15 gold grains, which is above the regional background level (FIGURE 1). The results also reveal strong zoning and the presence of two areas with elevated gold grain counts (>15), with one particularly significant area in the south-central part of the Atlas Project. \"From this area, it is possible to target the magnetic highs and alteration zones of Apollo XI, Apollo XII and Apollo XV which are located up ice of the last documented movement oriented N210º,\" explained Tarku's exploration manager, Benoit Lafrance. \"These observations agree with our exploration model based on orogenic mineralization associated with alkaline rocks and porphyry intrusions.\" \"We acquired the Apollo and Atlas projects based on several points of geological interests. These include information provided by the most recent mapping of the area and historical results that identified gold grains in glacial deposits,\" commented Julien Davy, president of Tarku. \"The results revealed an area with high numbers of gold grains, whic...