Black Tusk Resources Inc. (OTCMKTS:BTKRF) (CSE:TUSK) Stock Consolidates After The Recent Fall
Black Tusk Resources Inc. (OTCMKTS: BTKRF) (CSE:TUSK) is moving in a range after announcing 2022 exploration efforts for MoGold and PG Highway projects situated in the northern part of Val d’Or, Quebec.
Market Stats
On Wednesday, BTKRF stock ended flat at $0.0192 with more than 750 shares, compared to its average volume of 14K shares. The stock has moved within a range of $0.0192 – 0.0192 after opening trading at $0.0192.
Black Tusk Resources Inc. Planning 2022 Exploration on the PG Highway and Mogold Projects
Notably, The PGHand MoGold projects span 2,400 ha and include 43 adjacent claims, all of which are easily accessible from Highway 397, some 30 kilometers north of Val d’Or. These claims are in areas that have already been mined for base metals and gold. In addition, Black Tusk is expanding the spectrum of its exploration to cover possible Volcanogenic Massive Sulphide (VMS) and PGE deposits hosted by Komatiite.
Ongoing lithologic testing and deep penetration electromagnetic (EM) assessments will be part of the exploration. Diamond drilling will be used to test the targets identified from these assessments. The MoGold and PGH projects are located inside the Abitibi greenstone zone, one of the world’s best-exposed and largest mineralized Archean greenstone zones. Therefore, BTKRF is worth keeping an eye on in the coming weeks.
Traders Corner
BTKRF stock is below the 20-Day and 50-Day Moving averages of $0.0215 and $0.0228 respectively. The stock is trading in the neutral zone with the RSI at 36.
