TRU Precious Metals Completes Granting of Golden Rose Option to Eldorado Gold
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) has completed the granting of an option to Eldorado Gold for its Golden Rose Project in Central Newfoundland. This follows the receipt of an outstanding drill permit, satisfying all pre-conditions of the definitive earn-in agreement. The option allows Eldorado to earn an 80% ownership interest in the strategically located Golden Rose Project along the gold deposit-bearing Cape Ray - Valentine Lake Shear Zone.
TRU CEO Steve Nicol expressed enthusiasm about the partnership with Eldorado, a global gold producer, and the potential to drive exploration efforts forward. The full details of the Option Agreement will be available on TRU's SEDAR+ profile.
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) ha completato la concessione di un'opzione a Eldorado Gold per il suo Progetto Golden Rose nel Centro di Terranova. Questo segue il ricevimento di un permesso di perforazione eccezionale, soddisfacendo tutte le condizioni preliminari dell'accordo di guadagno definitivo. L'opzione consente a Eldorado di acquisire un interesse di proprietà dell'80% nel strategico Progetto Golden Rose situato lungo la zona di taglio Cape Ray - Valentine Lake, ricca di depositi d'oro.
Il CEO di TRU, Steve Nicol, ha espresso entusiasmo riguardo alla partnership con Eldorado, un produttore globale di oro, e al potenziale per avanzare gli sforzi di esplorazione. I dettagli completi dell'Accordo di Opzione saranno disponibili sul profilo SEDAR+ di TRU.
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) ha completado la concesión de una opción a Eldorado Gold para su Proyecto Golden Rose en el centro de Terranova. Esto sigue la recepción de un permiso de perforación excepcional, cumpliendo con todas las condiciones previas del acuerdo definitivo de participación. La opción permite a Eldorado obtener un interés de propiedad del 80% en el estratégicamente ubicado Proyecto Golden Rose, situado a lo largo de la Zona de Desgarro Cape Ray - Valentine Lake, que presenta depósitos de oro.
El CEO de TRU, Steve Nicol, expresó entusiasmo por la asociación con Eldorado, un productor global de oro, y el potencial de avanzar en los esfuerzos de exploración. Los detalles completos del Acuerdo de Opción estarán disponibles en el perfil SEDAR+ de TRU.
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF)가 Eldorado Gold에 중앙 뉴펀들랜드의 Golden Rose 프로젝트에 대한 옵션 부여를 완료했습니다. 이는 최종 참여 계약의 모든 사전 조건을 충족하는 탁월한 시추 허가서를 수령한 후의 일입니다. 이 옵션은 Eldorado에게 80%의 소유권을 획득할 수 있는 권한을 부여하며, 이는 금 매장량이 있는 Cape Ray - Valentine Lake 전단의 전략적으로 위치한 Golden Rose 프로젝트를 포함합니다.
TRU의 CEO인 Steve Nicol은 글로벌 금 생산자인 Eldorado와의 파트너십 및 탐사 노력을 추진할 수 있는 가능성에 대해 기대감을 표명했습니다. 옵션 계약의 모든 세부 사항은 TRU의 SEDAR+ 프로필에서 확인할 수 있습니다.
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) a achevé la concession d'une option à Eldorado Gold pour son projet Golden Rose dans le centre de Terre-Neuve. Cela fait suite à la réception d'un permis de forage exceptionnel, satisfaisant toutes les conditions préalables de l'accord de participation définitif. L'option permet à Eldorado de détenir un intérêt de propriété de 80% dans le projet stratégiquement situé Golden Rose le long de la zone de cisaillement Cape Ray - Valentine Lake, riche en dépôts d'or.
Le PDG de TRU, Steve Nicol, a exprimé son enthousiasme pour le partenariat avec Eldorado, un producteur mondial d'or, et le potentiel d'avancer les efforts d'exploration. Les détails complets de l'accord d'option seront disponibles sur le profil SEDAR+ de TRU.
Die TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) hat die Gewährung einer Option an Eldorado Gold für ihr Golden Rose Projekt im zentralen Neufundland abgeschlossen. Dies folgt dem Erhalt einer herausragenden Bohrgenehmigung, die alle Vorbedingungen des endgültigen Erwerbsgesetzes erfüllt. Die Option erlaubt es Eldorado, einen 80%igen Eigentumsanteil an dem strategisch gelegenen Golden Rose Projekt entlang der goldhaltigen Cape Ray - Valentine Lake Scherzone zu erwerben.
Der CEO von TRU, Steve Nicol, äußerte sich begeistert über die Partnerschaft mit Eldorado, einem globalen Goldproduzenten, und das Potenzial, die Explorationsbemühungen voranzutreiben. Die vollständigen Details des Optionsvertrags werden auf dem SEDAR+-Profil von TRU verfügbar sein.
- Strategic partnership with Eldorado Gold, a global gold producer
- Potential for accelerated exploration of the Golden Rose Project
- Project located in a promising gold-bearing zone in Newfoundland
- Potential dilution of TRU's ownership interest in the Golden Rose Project to 20%
TORONTO, ON / ACCESSWIRE / August 22, 2024 / TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF)(FRA:706) ("TRU" or the "Company") is pleased to announce that, further to its news release dated July 30, 2024, it has now received an outstanding drill permit and accordingly has satisfied all pre-conditions to the definitive earn-in agreement (the "Option Agreement") transaction with Eldorado Gold Corporation (TSX: ELD, NYSE: EGO) ("Eldorado"). Pursuant to the Option Agreement, Eldorado has been granted the exclusive option (the "Option") to earn an
TRU CEO Steve Nicol commented: "We are delighted to welcome Eldorado, a gold producer with global operations, as a strategic partner to TRU. The TRU team is eager to drive exploration efforts forward and we look forward to a successful collaboration with Eldorado to unlock the potential of the project."
Additional terms of the Option Agreement can be found in the Company's news release dated July 30, 2024. A copy of the Option Agreement will be filed under TRU's SEDAR+ profile at www.sedarplus.ca. The description of the Option Agreement contained herein is qualified by the complete text of the Option Agreement.
About Eldorado Gold Corp.
Eldorado is a gold and base metals producer with mining, development and exploration operations in Türkiye, Canada and Greece. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).
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 and transactions. TRU is exploring for gold and copper in the highly prospective Central Newfoundland Gold Belt on its
TRU is approximately
For further information about TRU, please contact:
Olga Nikitovic
President & CFO
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/TRUMetals
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 and Disclaimers
This press release contains certain forward-looking statements, including those relating to performance of the Option Agreement, the Company's relationship with Eldorado, and exploration plans for the Golden Rose Project. These statements are based on numerous assumptions regarding the Option Agreement, the Project, and the Company's operations at Golden Rose that are believed by management to be reasonable in the circumstances, and are subject to a number of risks and uncertainties, including without limitation: the Option may never be exercised by Eldorado as proposed or at all; the exploration potential of the Golden Rose Project; risks inherent in mineral exploration activities; 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 accesswire.com
FAQ
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What was the final pre-condition for the TRU Precious Metals (TRUIF) and Eldorado Gold agreement?
