Tarku Resources Ltd (TSX-V: TKU): Project Generator, Discovering Precious and Base Metals in the Greenstone Belt, Northern Abitibi, Quebec, CA; Interview with Julien Davy, President and CEO
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By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC, USA
on 9/21/2020
Tarku Resources Ltd (TSX-V: TKU) is a sustainable project generator, focused on discoveries for precious and base metals, using modern exploration techniques, in the mineral-rich Canadian landscape. The Company is currently focused on their wholly owned “3As” Gold projects, namely Apollo (Gold), Atlas (Gold-Zinc-Silver-Copper) and Admiral (Gold), located in the Matagami greenstone belt, which has been interpreted by Management as the eastern extension of the Detour Belt in Quebec. The projects' geological and structural context is interpreted as similar to the Detour Lake Gold Mine. We learned from Julien Davy, who is President and CEO of Tarku Resources, that with only 28 million shares outstanding, the Company is tightly held. Management owns 20% of the Company, and major shareholders, like institutions, funds, and other companies, hold about 52% to 53% of the stock.
Julien Davy, Geology, M.Sc. & MBA – President & CEO
Tarku Resources
Dr. Allen Alper: This is Dr. Allen Alper, Editor-in-Chief of Metals News, interviewing Julien Davy, who is President and CEO of Tarku Resources. Julien, could you give our readers/investors an overview of your Company and what differentiates your Company from others?
Julien Davy: With pleasure. Tarku is an exploration company, focused on making new discoveries through the acquisition and exploration of highly prospective projects. We are focusing on Gold, Silver and Base Metals projects in the mineral-rich Canadian and US landscapes. Making new discoveries in mineral exploration isn’t easy and what probably differentiates us the most, is the effort we are taking to use proven, but also innovative exploration techniques in a meticulously chosen area. We're looking for geologically fertile ground, not only for its historical results, but also for its under-explored potential.
Good exploration projects, combined with an attractive capital structure, that we will talk about here, further gives Tarku, in a bull market like todays’, the right structure to create value for our shareholders.
Dr. Allen Alper: Great. Could you tell our readers/investors some of the projects that you are exploring in Quebec?
Julien Davy: Absolutely. Tarku’s main focus is our 3As projects located on the last trend north of the Abitibi region. This trend is worldwide known for its major gold mine, the Detour Lake Mine, which is the second largest gold producing mine in Canada, with the largest gold reserves (over 15Moz Au). Tarku’s 3As projects are the Admiral, the Apollo, and the Atlas projects, positioned along the regional Sunday Lake Fault, where we are exploring for an orogenic gold type deposit. Since 2016, we have over 15,000 hectares of ground, along the structure that contains historical Gold showings. We first conduct a regional till sampling program that confirms the gold potential of the area, followed by several airborne mag surveys that allowed us to discover a 6km wide high priority sector with new structural features that could be the traps for the source of gold we are looking for.
Now we are looking forward to an interesting drill program that should be conducted during next winter. It is easier to access the ground during the winter.
Dr. Allen Alper: That sounds very good. Could you tell our readers/investors a little bit about your background, your Board and your Management Team?
Julien Davy: Yes. I'm a geologist, working in mining exploration since 1998. In 2010, I completed an MBA and started working more on the management aspect of those exploration companies. I have worked for institutional funds and for acquisition departments of some major companies. In 2015, I started my own private exploration company, with a partner, a company we sold to Tarku in 2017. Those Matagami area projects, the Three A projects, were part of the projects brought into Tarku in 2017.
Along with myself, on the management side, Tarku has a really dynamic and experienced CFO, Jeff Sheppard, who is based out of our head office in Saskatoon. On the Board of Directors, we are fortunate to have a well-known geologist, Bernard Lapointe, who is the founder of Arianne Phosphate and who made the great discovery of the Lac a Paul phosphate project, which will become the next phosphate project mine in North America.
We also have Tim Termuende, who is really successful, with Eagle Plains and Taiga. We recently had the chance to strengthen our Board of Directors, with the addition of Kyle Appleby, based in Toronto, and who has really extensive experience in finance and more specifically the mining industry. He will definitely help us reinforce our Toronto base investors and contacts.
We have also been working more recently, with financial advisors, mainly out of Montreal and Toronto, who are helping Tarku make the right contacts.
Dr. Allen Alper: Well, that sounds excellent. Could you tell our readers/investors a little bit more about your capital structure, where your shares are listed, the symbol, et cetera?
Julien Davy: Yes, absolutely. Tarku is listed on the TSX Venture under the symbol TKU. Our capital structure is really attractive, as we have now 28 million shares outstanding, really tightly held. 20% of those shares are held by the Management. We have major shareholders; Quebec based institutions, and funds, and other companies that hold about 52% to 53% of the stock. The first 20 shareholders hold about 75% of our stock.
Dr. Allen Alper: That sounds good, thank you. Could you tell our readers/investors the primary reasons they should consider investing in Tarku Resources?
Julien Davy: Most importantly, investors are looking for companies they believe in and in structures where they see potential for growth. With Tarku, we have chosen to focus on the acquisition and exploration of gold and base metals of highly prospective projects, in mining friendly jurisdictions. The tightly held capital structure of the Company makes it appealing for significant growth. Also, good projects along with good structure, all linked with an experienced Management Team, becomes a seriously attractive Company. Those are the reasons we are looking forward to a really prolific and interesting fall and winter season.
Dr. Allen Alper: Well, that sounds great. Julien, is there anything else you'd like to add?
Julien Davy: I would like to thank all our shareholders that have been supporting Tarku for long time now. I believe the difficult time is now behind us and we are working hard to bring Tarku to the next level now. I really encourage all our shareholders to stay tuned to what Tarku will be releasing during the next months.
Dr. Allen Alper: Oh, that sounds excellent! We’ll publish your press releases as they come out so our readers/investors can follow your progress.
https://www.tarkuresources.com/en/
Julien Davy, President & CEO
info@ tarkuresources.com
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