Tarku Acquires the Nickel, Copper Dana Project, Quebec

MONTREAL, QC / ACCESSWIRE / May 14, 2024 / Tarku Resources Ltd (TSXV:TKU)(OTCQB:TRKUF)(FRANKFURT:7TK) (the "Company" or "Tarku") has acquired the Dana Project, a nickel, copper, cobalt, and PGE project, located in Quebec. The Company continues to focus on its flagship projects, including the Three A's in Quebec and its Silver Strike Project in Arizona but believes the staking of the Dana Project adds significant longer-term value to the company at a minimal cost.

Julien Davy, President and CEO of Tarku Resources, commented "the undervalued nature of exploration companies, relative to metal prices, and the restricted environment for raising capital create many valuable opportunities to gain interests in excellent projects that would otherwise be secured. While we are continuing to focus on our two core projects, adding strategic projects like Dana to the company's portfolio will add significant value in the longer term."

The Dana Project, Quebec (copper, nickel, cobalt, PGEs)

Recently acquired through staking, these mining titles located near Lake Manitou, Côte-Nord, Quebec (NTS sheet: 22I14), straddle the border of the well-known Havre-Saint-Pierre ("HSP") anorthosite complex. The HSP complex is home to the Lac Tio Titanium mine of Rio Tinto, as well as numerous other vanadium, titanium, iron, copper, nickel, cobalt, platinum-group elements (PGEs), and Rare Earth (REE) deposits and showings. Locally, the area is known to contain Ni-Cu (±Co ±PGE) magmatic massive sulfide (MMS) mineralization, and Dana contains several historical surface showings that returned high-grade polymetallic mineralization, including:

• 4.50% Cu, 1.69% Ni, 0.09% Co and 537 ppb PGE (showing Thierry)
• 2.36% Cu, 0.37% Ni and 0.10% Co (showing Chauve)
• 2.84% Cu, 0.53% Ni, 0.12% Co and 1 452 ppb PGE (showing Becassine)

The last work programme completed on the property was in 2017, to follow up on historical showings and a series of EM anomalies. The Grenville Province is known for hosting magmatic Ni-Cu (±Co ±PGE) mineralization at convergent margins, with recent studies highlighting the significance of multi-stage reworking and recycling of sulfide liquid in long-lived magmatic systems for ore genesis (Barnes and Robertson, 2019).