Maiden Drilling At Apollo Gold Project

MONTREAL, QC - Tarku Resources Ltd reported completion of the maiden drill program on the Apollo Gold Project, part of the 3As Projects, located east of the town of Matagami, Eeyou Istchee James Bay, Quebec. Eight holes, for a total of 3,048m were completed on a 4km wide priority area of the east extension of the Sunday Lake Fault. Tarku controls 100% of more than 20km length of the regional faults, where no exploration has ever been reported for gold. Assays are pending for all holes but are expected to be received during Q1 2023.

Eight (8) holes, with lengths between 217m and 577m, totaling 3,048m were completed. From east to west, the area covers a 4km long section of the Sunday Lake Fault. Visual inspection of the core reveals both intensive hydrothermal alterations, similar in style to Orogenic Gold Deposits, as well as magmatic alteration including; hematization, carbonatization and sericitization. Fine grained disseminated pyrite, pyrrhotite, sphalerite and copper are observed over intervals up to 45 meters thick. The drill core has now been prepared and sent for assay, with results expected in the first quarter of 2023.

Julien Davy, President and CEO, said, "We are very impressed by the core recovered during this maiden drill program. All 8 holes intersected prospective environments and the unexpected presence of visible base metals such as sphalerite and copper increase the prospectivity of this overlooked area. We'll work on the interpretations during the coming weeks but the visible alterations halos of carbonatization, hematization, sericitization and silicification with structural control as visible breccia and the presence of long sequence of mineralization give us strong indications that this project looks more and more like other Abitibi-based multi-million ounces deposits."