Black Tusk Resources Verifies High Grade Gold on the Goldsmith Property
Vancouver, May 16 2018 - Black Tusk Resources Inc. ("Black Tusk" or the "Company) (C:TUSK) is very pleased to announce results from rock sampling on its Goldsmith Property. The rock sampling was undertaken earlier this year to verify the existence of high grade gold values reported in previous work. Results include a grab sample from old mine workings that returned 29.89 grams per tonne gold, and a grab sample from an old trench that returned 27.5 grams per tonne gold. Results also include 13.34 grams per tonne gold from a 30 centimeter wide quartz vein, and 12.53 grams per tonne gold from a 1.5 metre chip sample taken across a group of narrow quartz veins. The Goldsmith Property contains a group of historic mine workings, pits, and trenches along a greater than 2 kilometer strike length. These historic workings are located within areas where numerous quartz veins occur. The veins average 50 centimeters in width, although in several instances veins of 1 to 2 metres or more have been observed. Previous sampling of the historic workings by past operators has reported the presence of widespread, high grade gold mineralization (see Technical Report on the Goldsmith Property, Linda Dandy, March 20, 2017).
The recent Black Tusk sampling tested a number of these zones with 19 rock samples taken along a 1.7 kilometer traverse across the property. Results of sampling are tabled below. All samples were sent to Bureau Veritas Mineral Laboratory in Vancouver, BC, where they underwent the lab's AQ270 34 element aqua regia ICP-ES/MS process. The samples were further analyzed for gold by the lab's FS652 50 gram metallic screen fire assay process.
| Sample | UTM E | UTM N | Brief Description | Gold g/t |
| MG1 | 490180 | 5583771 | chip sample across rusty shear | <0.05 |
| MG2 | 490185 | 5583769 | 2.5m chip sample across rusty shear | <0.05 |
| MG3 | 490155 | 5583778 | Grab sample of quartz vein with pyrite from waste dump | 2.26 |
| GP1 | 490801 | 5584172 | Grab of poorly exposed crossing quartz veins | <0.05 |
| 17GS01 | 490682 | 5583078 | Grab from 30cm wide quartz breccia in argillite, arsenopyrite | 13.34 |
| 17GS02 | 490680 | 5583076 | grab from rusty contact between vein and phyllite | 8.06 |
| 17GS03 | 490680 | 5583114 | Chip sample 1.5m across quartz veins of 1 to 10 cm each hosted in phyllite | 12.53 |
| 17GS04 | 490664 | 5583150 | grab of quartz vein from old mine workings | 29.89 |
| 17GS05 | 490669 | 5583159 | grab of quartz vein from old trenching, pyrrhotite | 27.5 |
| 17GS06 | 490738 | 5583177 | grab of quartz from vein across 3.5m minor pyrite | 0.53 |
| 17GS07 | 490940 | 5583001 | Grab from black quartz vein up to 65 cm wide, massive pyrrhotite. | 5.64 |
| OPR01 | 490314 | 5583730 | Composite sample of selections from across 4 metres of quartz carbonate veining of 5 to 30cm width each | 0.13 |
| OPR02 | 490358 | 5583723 | grab quartz-carbonate vein, rusty, old caved working | <0.05 |
| OPR03 | 490359 | 5583709 | grab quartz with arsenopyrite and pyrite from caved workings | 9.61 |
| 17BU01 | 491265 | 5582784 | grab of quartz chips from shaft dump | 0.94 |
| 17BU02 | 491413 | 5582812 | rusty quartz with minor galena, grab from dump above tunnel | 0.8 |
| 17BU03 | 491510 | 5582757 | Old mine portal exposing 10cm quartz vein with minor pyrite and chromium mica | <0.05 |
| 17BU04 | 491512 | 5582752 | Chromium mica with minor quartz from portal area | <0.05 |
| 17CK01 | 491160 | 5582867 | random chips from quartz veining on Crown King shaft dump | 0.87 |
Samples taken were either chip sample or grab sample taken from mineralized quartz veins or other structures. High gold values were found to commonly be associated with elevated arsenic, lead, bismuth, silver, and other elements.
In 2018 the company plans to complete compilation of available geochemical and geophysical data, and undertake surface mapping and sampling. The company also plans to complete light detection and ranging (Lidar) surveying for obtaining detailed topographic control on the property.
"We are very pleased with the results from this verification sampling, and are eager to begin the 2018 exploration season on the Goldsmith Property" said Richard Penn, CEO of the Company.
About Black Tusk Resources Inc.
Black Tusk is engaged in the acquisition and exploration of its mineral property located in British Columbia, Canada. Pursuant to the Goldsmith option agreement, the company currently has an option to acquire a 100-per-cent undivided interest in the Goldsmith property situated in the Kootenays, approximately 65 kilometres north of the city of Kaslo, BC.
Linda Dandy, P.Geo, a "Qualified Person", authored the Company's Technical Report on the Goldsmith Property. Perry Grunenberg, P.Geo, a "Qualified Person" as that term is defined under NI 43-101, has reviewed and approved the technical information contained in this news release.
On behalf of the Board of Directors Richard Penn, CEO
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Figure 1 - Black Tusk Verification Rock Sample Location Map
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