TRU Awards Drilling Contract for the 2025 Drilling Program at Golden Rose
TRU Precious Metals (TSXV:TRU)(OTCQB:TRUIF) has awarded a contract to MCL Drilling for an 1,800-metre diamond drilling program at the Golden Rose Project in Central Newfoundland. The program, set to commence in Spring 2025, will focus on the Mark's Pond to Rich House 'exploration fairway'.
The drilling initiative is part of a larger plan following the company's shift to a 'big picture' perspective announced in October 2024. The target area, spanning approximately 7.5 km long and up to 2 km wide, is within the Staghorn licenses which represent less than 12% of total Golden Rose licenses area.
Notable historical results in the area include:
- Mark's Pond gold zone: 3.22 g/t Au over 5.0m
- Northcott gold zone trenching: 57.6 g/t Au over 2.5m, 34.0 g/t Au over 2.0m, and 23.5 g/t Au over 2.0m
TRU Precious Metals (TSXV:TRU)(OTCQB:TRUIF) ha assegnato un contratto a MCL Drilling per un programma di perforazione diamantina di 1.800 metri presso il Golden Rose Project nel centro di Terranova. Il programma, che inizierà nella primavera del 2025, si concentrerà sull' 'area di esplorazione' che va da Mark's Pond a Rich House.
L'iniziativa di perforazione fa parte di un piano più ampio in seguito al cambiamento della prospettiva dell'azienda verso una visione 'complessiva', annunciato nell'ottobre 2024. L'area target, che si estende per circa 7,5 km di lunghezza e fino a 2 km di larghezza, si trova all'interno delle licenze Staghorn, che rappresentano meno del 12% dell'area totale delle licenze del Golden Rose.
I risultati storici notevoli nella zona includono:
- Zona d'oro di Mark's Pond: 3,22 g/t Au su 5,0m
- Trincea della zona d'oro Northcott: 57,6 g/t Au su 2,5m, 34,0 g/t Au su 2,0m e 23,5 g/t Au su 2,0m
TRU Precious Metals (TSXV:TRU)(OTCQB:TRUIF) ha otorgado un contrato a MCL Drilling para un programa de perforación diamantina de 1,800 metros en el Proyecto Golden Rose en el centro de Terranova. El programa, que comenzará en la primavera de 2025, se centrará en el 'corredor de exploración' de Mark's Pond a Rich House.
La iniciativa de perforación es parte de un plan más amplio tras el cambio de la empresa hacia una perspectiva de 'gran imagen' anunciada en octubre de 2024. El área objetivo, que se extiende aproximadamente 7.5 km de largo y hasta 2 km de ancho, se encuentra dentro de las licencias de Staghorn, que representan menos del 12% del área total de licencias de Golden Rose.
Los resultados históricos notables en la zona incluyen:
- Zona de oro de Mark's Pond: 3.22 g/t Au sobre 5.0m
- Trinchera de la zona de oro Northcott: 57.6 g/t Au sobre 2.5m, 34.0 g/t Au sobre 2.0m y 23.5 g/t Au sobre 2.0m
TRU Precious Metals (TSXV:TRU)(OTCQB:TRUIF)가 중앙 뉴펀들랜드의 Golden Rose Project에서 1,800미터 다이아몬드 시추 프로그램을 위해 MCL Drilling과 계약을 체결했습니다. 이 프로그램은 2025년 봄에 시작될 예정이며, Mark's Pond에서 Rich House까지의 '탐사 구역'에 초점을 맞출 것입니다.
이 시추 계획은 2024년 10월에 발표된 회사의 '큰 그림' 관점으로의 전환에 따른 더 큰 계획의 일환입니다. 목표 지역은 길이 약 7.5km, 폭 최대 2km에 달하며, Staghorn 라이센스 내에 위치하고 있으며, Golden Rose 라이센스 면적의 12% 미만을 차지합니다.
이 지역의 주목할 만한 역사적 결과는 다음과 같습니다:
- Mark's Pond 금 구역: 5.0m에서 3.22 g/t Au
- Northcott 금 구역 트렌칭: 2.5m에서 57.6 g/t Au, 2.0m에서 34.0 g/t Au, 2.0m에서 23.5 g/t Au
TRU Precious Metals (TSXV:TRU)(OTCQB:TRUIF) a attribué un contrat à MCL Drilling pour un programme de forage diamant de 1 800 mètres au projet Golden Rose dans le centre de Terre-Neuve. Le programme, qui doit commencer au printemps 2025, se concentrera sur le 'corridor d'exploration' de Mark's Pond à Rich House.
Cette initiative de forage fait partie d'un plan plus large suite au changement de perspective de l'entreprise vers une vision 'globale' annoncée en octobre 2024. La zone cible, s'étendant sur environ 7,5 km de long et jusqu'à 2 km de large, se trouve dans les licences Staghorn, qui représentent moins de 12 % de la superficie totale des licences du Golden Rose.
Les résultats historiques notables dans la région incluent:
- Zone d'or de Mark's Pond : 3,22 g/t Au sur 5,0m
- Tranchée de la zone d'or Northcott : 57,6 g/t Au sur 2,5m, 34,0 g/t Au sur 2,0m et 23,5 g/t Au sur 2,0m
TRU Precious Metals (TSXV:TRU)(OTCQB:TRUIF) hat einen Vertrag mit MCL Drilling für ein 1.800 Meter umfassendes Diamantbohrprogramm im Golden Rose Projekt im zentralen Neufundland vergeben. Das Programm, das im Frühjahr 2025 beginnen soll, wird sich auf den 'Erkundungsbereich' von Mark's Pond bis Rich House konzentrieren.
Die Bohrinitiative ist Teil eines größeren Plans, der nach der Ankündigung des Unternehmens im Oktober 2024 zu einer 'großen Perspektive' übergegangen ist. Das Zielgebiet erstreckt sich über etwa 7,5 km in der Länge und bis zu 2 km in der Breite und liegt innerhalb der Staghorn-Lizenzen, die weniger als 12% der gesamten Lizenzfläche des Golden Rose ausmachen.
Bemerkenswerte historische Ergebnisse in der Region umfassen:
- Goldzone von Mark's Pond: 3,22 g/t Au über 5,0m
- Nordcott Goldzone Graben: 57,6 g/t Au über 2,5m, 34,0 g/t Au über 2,0m und 23,5 g/t Au über 2,0m
- Contract secured with experienced local drilling company MCL for Spring 2025 program
- Strategic location along gold-bearing Cape Ray - Valentine Lake Shear Zones
- Historical high-grade gold results: up to 57.6 g/t Au over 2.5m at Northcott zone
- Large exploration potential with nearly 300 sq. km land package
- Drilling program to 1,800 metres
- Drilling commitments required by July 2025 due to Option Agreement terms
- Final drill hole locations still pending completion of target generation work
TORONTO, ON / ACCESS Newswire / April 3, 2025 / TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF)(FSE:706) ("TRU" or the "Company") is pleased to report that it has awarded a contract to MCL Drilling ("MCL") to provide drilling services for an approximate 1,800 metres ("m") diamond drilling program planned for the 2025 field season at the Golden Rose Project ("Golden Rose"). Golden Rose is strategically located along the gold deposit bearing Cape Ray - Valentine Lake Shear Zones in Central Newfoundland.
The 2025 drilling program constitutes the first pass in a larger plan to follow up on the pipeline of quality exploration targets emerging from the revised and refined geological and structural property scale model that has been in preparation for several months and is expected to be completed shortly. The focus of the 2025 drilling program is on the Mark's Pond to Rich House "exploration fairway", a portion of which is host to the very high-grade gold grab samples that were collected by TRU late in 2024 (see News Release dated December 5, 2024). Drilling will commence once the target selection on the exploration fairway is complete.
TRU CEO Steve Nicol commented: "The shift to a "big picture" perspective at Golden Rose announced in October 2024 is leading to the generation of a pipeline of exploration and drill targets, with this 2025 drilling program being the first step down the road towards following up on each of the prioritised targets generated. We are very pleased to have arrived at an agreement with MCL for the provision of the drilling services and excited about working with this very experienced and well-regarded local drilling and civil works company to efficiently execute the 2025 drilling program. I look forward to updating investors on the results of this initial drilling program, and on results of subsequent follow-up works on the other targets generated by our "big picture" review across the remaining project area, as results become available."
Drilling Contact
Following a competitive tendering process that began in February 2025, TRU selected MCL as the preferred tenderer. MCL will provide all drilling and reclamation services with mobilisation currently expected in the Spring 2025. The 2025 drilling program is planned to comprise approximately1,800 m of diamond drilling, depending upon results or conditions encountered.
2025 Drilling Program
In October 2024, the Company reported on its shift to a "big picture" view of Golden Rose embarking on the preparation of a revised and refined geological and structural property scale model with the view to identifying multiple targets across the nearly 300 sq. kilometres ("km") land package. The initial focus of this work is on the Mark's Pond to Rich House exploration fairway. (See News Release dated October 22, 2024).
Figure 1: Initial Exploration Fairway at Golden Rose
The Mark's Pond to Rich House exploration fairway, which is approximately 7.5 km long and up to 2 kms wide (see Figure 1) and forms part of the Staghorn licenses, was selected for the initial exploration and drilling focus based upon its interpreted prospectivity and to comply with certain drilling commitments required prior to early July 2025 pursuant to the terms of the Option Agreement with Quadro Resources, as modified, on the Staghorn licenses. (see News Releases dated June 16, 2022 and August 18, 2022).
The Staghorn licenses cover areas of significant exploration potential and include the Mark's Pond gold zone where past drilling has provided intercepts including 3.22 grams per tonne gold ("g/t Au") over 5.0 m, the Northcott gold zone where trenching has returned samples including 57.6 g/t Au over 2.5 m, 34.0 g/t Au over 2.0 m, and 23.5 g/t Au over 2.0 m, and also includes the area which is host to the very high-grade gold grab samples that were collected by TRU late in 2024 near Rich House (see News Releases dated January 12, 2023, December 5, 2024 and NI 43-101 Technical Report on the Golden Rose Project, Newfoundland Labrador, Canada dated October 11, 2023 on the Company's website).
The Staghorn licenses represent less than
The eventual locations of the drill holes for the 2025 drilling program will be determined when the final results of the property scale target generation work are completed and interpreted.
The scientific and technical information disclosed in this news release has been prepared and approved by Joel Cranford, P.Geo., Project Geologist for TRU, and a Qualified Person as defined in NI 43-101.
About MCL Drilling
MCL Drilling, a division of Major's Contracting Ltd, is a privately-owned, family business with more than 40 years experience in the fields of construction, civil works, drilling, and forestry. Based locally out of Deer Lake, Newfoundland, MCL is recognised throughout Newfoundland for it's innovative and high quality work, performed to the highest standards of safety and environmental protection. MCL also prides itself on its record for sustainable diversity in its employment decisions. With its fleet of seven diamond drill rigs, MCL has safely and successfully completed over 120,000 metres of diamond drilling since 2020.
About TRU Precious Metals Corp.
TRU (TSXV:TRU)(OTCQB:TRUIF)(FSE:706) is on a mission to build long-term shareholder value through prudent natural resource property development. The company's flagship project is the Golden Rose Project a regional-scale 297.50 km2 land package in Central Western Newfoundland (includes a 33.25 km2 package of claims over which TRU has an option with TSX-listed Quadro Resources to acquire up to an aggregate
TRU is approximately
For further information about TRU, please contact:
Steve NICOL
CEO
TRU Precious Metals Corp.
Phone: 1-855-760-2TRU (2878)
Email: ir@trupreciousmetals.com
To connect with TRU via social media, below are links:
X (formerly Twitter): https://twitter.com/MetalsTru
YouTube: https://www.youtube.com/@TruMetalsCorp
LinkedIn: https://www.linkedin.com/company/tru-precious-metals-corp/
Instagram: https://www.instagram.com/TRUMetals/
Facebook: https://www.facebook.com/TRUMetals/
Acknowledgement
TRU would like to thank the Government of Newfoundland and Labrador for financial support through the Junior Exploration Assistance Program and the Federal Government for its critical mineral assistance funding for the exploration activities at Golden Rose.
Forward-Looking Statements
This press release contains certain forward-looking statements. These statements are based on numerous assumptions regarding Golden Rose, the Company's exploration programs and results, and commodities prices that are believed by management to be reasonable in the circumstances, and are subject to a number of risks and uncertainties, including without limitation: mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on Golden Rose; the exploration potential of Golden Rose and the nature and style of mineralization at Golden Rose; risks inherent in mineral exploration activities; volatility in precious metals and base metals prices; volatility in economic conditions and financial markets; and those other risks described in the Company's continuous disclosure documents. Actual results may differ materially from results contemplated by the forward-looking statements herein. Investors and others should carefully consider the foregoing factors and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements herein except as required by applicable securities laws.
This press release is solely the responsibility of TRU, and Eldorado is not in any way responsible or liable for the contents hereof.
Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: TRU Precious Metals Corp.
View the original press release on ACCESS Newswire
FAQ
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