TRU Provides Update on Flagship Golden Rose Project
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) has provided an update on its flagship Golden Rose Project in Central Newfoundland. In August 2024, the company granted an exclusive option to Eldorado Gold to earn an 80% ownership interest in Golden Rose. This financial backing allows TRU to conduct a detailed review of the project's potential across its 300 sq. km area.
The company is shifting to a 'big picture' perspective, viewing the consolidated land parcels as one entity to develop an updated model of mineralization potential. The initial step involves extracting maximum information from existing data, including infill and geochemical sampling, reinterpretation of magnetic survey data, prospecting, re-mapping, and re-examination of drill core.
TRU is focusing on a 7.5km long by 2km wide 'exploration fairway' between the Mark's Pond zone and the Rich House zone. Initial targeting is expected to be completed by early 2025, with drilling planned to commence immediately after. The company is also running a copper and critical minerals focused exploration program across Golden Rose.
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) ha fornito un aggiornamento sul suo progetto di punta Golden Rose Project nel centro di Terranova. Nell'agosto 2024, l'azienda ha concesso un'opzione esclusiva a Eldorado Gold per acquisire una partecipazione del 80% nel Golden Rose. Questo sostegno finanziario consente a TRU di svolgere una revisione dettagliata del potenziale del progetto nell'area di 300 km².
L'azienda sta adottando una prospettiva 'complessiva', considerando i terreni consolidati come un'unica entità per sviluppare un modello aggiornato del potenziale di mineralizzazione. La fase iniziale prevede l'estrazione della massima informazione dai dati esistenti, inclusi campionamenti di riempimento e geochimici, reinterpretazione dei dati di indagine magnetica, prospezioni, rimappatura e riesame dei campioni di carotaggio.
TRU si sta concentrando su un 'corridoio esplorativo' lungo 7,5 km e largo 2 km tra la zona di Mark's Pond e la zona di Rich House. Si prevede che la fase iniziale di targeting venga completata entro l'inizio del 2025, con la perforazione prevista per iniziare subito dopo. L'azienda sta anche gestendo un programma di esplorazione focalizzato sul rame e sui minerali critici attraverso il Golden Rose.
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) ha proporcionado una actualización sobre su proyecto insignia Golden Rose Project en el centro de Terranova. En agosto de 2024, la empresa otorgó una opción exclusiva a Eldorado Gold para adquirir un interés del 80% en Golden Rose. Este respaldo financiero permite a TRU realizar una revisión detallada del potencial del proyecto en su área de 300 km².
La empresa está adoptando una perspectiva de 'gran cuadro', considerando las parcelas de tierra consolidadas como una sola entidad para desarrollar un modelo actualizado del potencial de mineralización. El primer paso implica extraer la máxima información de los datos existentes, incluidos muestreos de relleno y geoquímicos, reinterpretación de los datos de exploración magnética, prospección, remapeo y reevaluación de las perforaciones.
TRU se está centrando en un 'corredor de exploración' de 7.5 km de largo y 2 km de ancho entre la zona de Mark's Pond y la zona de Rich House. Se espera que el primer targeting se complete a principios de 2025, con la perforación prevista para comenzar inmediatamente después. La empresa también está llevando a cabo un programa de exploración centrado en el cobre y minerales críticos a lo largo de Golden Rose.
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF)는 중앙 뉴펀들랜드의 주요 골든 로즈 프로젝트에 대한 업데이트를 제공했습니다. 2024년 8월, 회사는 엘도라도 골드에게 골든 로즈에서 80%의 소유권을 취득할 수 있는 독점 옵션을 부여했습니다. 이 재정 지원은 TRU가 300 제곱킬로미터에 걸친 프로젝트의 잠재력을 상세히 검토할 수 있게 합니다.
회사는 통합된 토지 구획을 하나의 개체로 보고 '전반적인' 관점으로 전환하여 광물화 잠재성의 업데이트된 모델을 개발하고 있습니다. 첫 번째 단계는 기존 데이터에서 최대한의 정보를 추출하는 것으로, 여기에는 보충 및 지구화학 샘플링, 자기 조사 데이터의 재해석, 탐사, 재매핑, 드릴 코어의 재검토가 포함됩니다.
TRU는 Mark's Pond 구역과 Rich House 구역 사이의 7.5km 길이, 2km 폭의 '탐사 회랑'에 초점을 맞추고 있습니다. 초기 타겟팅은 2025년 초까지 완료될 것으로 예상되며, 채굴 작업은 즉시 시작될 예정입니다. 또한, 회사는 골든 로즈 전 지역에서 구리 및 주요 광물에 중점을 둔 탐사 프로그램을 추진하고 있습니다.
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) a fourni une mise à jour sur son projet phare Golden Rose Project au centre de Terre-Neuve. En août 2024, la société a accordé une option exclusive à Eldorado Gold pour acquérir un intérêt de 80 % dans Golden Rose. Ce soutien financier permet à TRU de réaliser un examen détaillé du potentiel du projet sur une superficie de 300 km².
La société adopte une perspective de 'vue d'ensemble', considérant les parcelles de terrain consolidées comme une seule entité afin de développer un modèle mis à jour du potentiel de minéralisation. La première étape consiste à extraire un maximum d'informations à partir des données existantes, y compris des échantillonnages de remplissage et géochimiques, une réinterprétation des données d'enquête magnétique, de la prospection, de la remappage et de la réexamen des carottes de forage.
TRU se concentre sur un 'corridor d'exploration' de 7,5 km de long et 2 km de large, entre la zone de Mark's Pond et la zone de Rich House. Le ciblage initial devrait être terminé d'ici début 2025, la foreuse étant prévue pour commencer immédiatement après. La société mène également un programme d'exploration axé sur le cuivre et les minéraux critiques à travers Golden Rose.
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) hat ein Update zu seinem Flaggschiffprojekt Golden Rose Project in Zentral-Neufundland bereitgestellt. Im August 2024 gewährte das Unternehmen Eldorado Gold eine exklusive Option zur Übernahme eines 80%igen Anteils am Golden Rose. Diese finanzielle Unterstützung ermöglicht es TRU, eine detaillierte Überprüfung des Potenzials des Projekts in einem Gebiet von 300 km² durchzuführen.
Das Unternehmen verfolgt nun einen 'großzügigen' Ansatz und betrachtet die konsolidierten Landparzellen als eine Einheit, um ein aktualisiertes Modell des Mineralisierungspotenzials zu entwickeln. Der erste Schritt besteht darin, aus bestehenden Daten maximale Informationen zu gewinnen, einschließlich Nachfüll- und geochemischer Probenahme, Neuinterpretation von Magnetuntersuchungsdaten, Prospektion, Neumapping und Neubewertung des Bohrkerns.
TRU konzentriert sich auf einen 'Erkundungsweg' von 7,5 km Länge und 2 km Breite zwischen der Zone Mark's Pond und der Zone Rich House. Die erste Targeting-Phase soll bis Anfang 2025 abgeschlossen sein, wobei die Bohrungen unmittelbar danach beginnen sollen. Das Unternehmen führt zudem ein exploratives Programm durch, das sich auf Kupfer und kritische Mineralien im Golden Rose konzentriert.
- Exclusive option granted to Eldorado Gold for 80% ownership interest in Golden Rose Project
- Financial backing from Eldorado allows for detailed review of project potential
- Comprehensive reassessment of existing data to optimize discovery process
- Focused exploration on 7.5km x 2km 'exploration fairway' between Mark's Pond and Rich House zones
- Initial targeting expected to be completed by early 2025 with drilling to follow
- None.
TORONTO, ON / ACCESSWIRE / October 22, 2024 / TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF)(FSE:706) ("TRU" or the "Company") is pleased to provide an update on its flagship Golden Rose Project ("Golden Rose"). In August 2024, the Company completed the granting of an exclusive option (the "Option") to Eldorado Gold Corporation ("Eldorado") to earn an
The financial backing of Eldorado, via the Option, is affording TRU the ability to undertake a detailed review of the potential of Golden Rose. The claims that comprise Golden Rose were consolidated over several years, and TRU is now conducting a project wide exercise to understand and update the discovery potential for gold and other minerals across the 300 sq. km project area. The review will methodically apply geoscience and exploration practices across the entire property package.
TRU CEO Steve Nicol commented: "TRU is shifting to a "big picture" perspective of Golden Rose viewing the complete consolidated land parcels and claims as one entity to facilitate the development of an updated model of mineralization potential for the entire property, aimed at optimising the discovery process. TRU is focused on efficiently discovering the full gold and copper potential that may exist at Golden Rose."
The objective of the initial step in this methodical process, designed in conjunction with Eldorado, is to extract the maximum information and knowledge from existing project data which will be reassessed and verified, then infilled and updated or improved where required. This work, which has already commenced, includes infill and geochemical sampling, reinterpretation of magnetic survey data, prospecting, re-mapping, and re-examination of drill core.
The wealth of information generated from this process will feed into preparation of a revised and refined geological and structural site-wide model, which will be utilized to generate a pipeline of quality drill targets across the propertyfor prioritization and drilling.
While it is expected that this rigorous and methodical assessment will result in the identification of multiple targets across the property, it is initially being focused on the northeast-trending ‘exploration fairway' between the Mark's Pond zone and the Rich House zone (7.5km long x up to 2kms wide; Figure 1). Initial targeting in this area is expected to be completed by early 2025 with drilling planned to commence immediately thereafter.
Figure 1: Initial Exploration Fairway at Golden Rose
In parallel, and as previously announced, (see news release July 16, 2024), the Company has been running a copper and critical minerals focused exploration program across Golden Rose. Results from this program will be reported when work is complete, and all assay results have been received.
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 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 300.25 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/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
This press release contains certain forward-looking statements, including those relating to exploration and drilling plans at Golden Rose. 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 accesswire.com
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