Tusk Minerals to start drilling in the Wawa area of Ontario

Tusk Minerals reports that a diamond drilling program, involving approximately 2,200 ft of drilling will commence as soon as possible on its Old Cabin gold prospect northeast of Wawa in Jacobsen Twp., near Missanabie, Ont. The property is located seven miles east of the Kremzar and Magino gold projects, two miles southeast of the Cline gold project and three miles south of the town of Localsh.

Diamond drilling targets have been defined based on known geology, a detailed geophysical program and air photo interpretation of both the property and known gold deposits in the area. Tusk expects to drill at least eight holes in the initial drilling program. An existing trench on the property intersected 10 ft grading 0.14 oz gold per ton.

The drilling program will be funded by Tusk under the terms of an agreement with Kowkash Gold to fund the first $105,000 of exploratory work on the property to earn a 50% working interest.

Tusk expects that this commitment will be satisfied by the initial geophysical program, an expansion of the area covered by detailed geophysics (currently under way) and the diamond drilling program. Thereafter Tusk will be a 50/50 joint venture partner in the original 21-claim property. A contiguous 14 claims, expanding the prospect to 35 claims, were acquired jointly by Tusk and Kowkash in early February. Tusk also owns 100% of a 61- claim gold property in the Cape Breton area of Nova Scotia and is in the process of acquiring a private company with significant acreage on the nickel-platinum prospects of the Ungava region of Quebec.