Fredericton, New Brunswick–(Newsfile Corp. – November 4, 2021) – TRU Precious Metals Corp. (TSXV: TRU) (OTCQB: TRUIF) (FSE: 706) (“TRU” or the “Company”) is pleased to announce that it has encountered visible gold early in its 5,000 metre diamond drill program currently underway at its flagship Golden Rose Project (“Golden Rose”), in the Central Newfoundland Gold Belt.
TRU Co-Founder and CEO, Joel Freudman commented: “We are ecstatic to report that multiple specks of visible gold have been observed in a completed drill hole in our recently announced drill program at Golden Rose. While assays are pending and the drilling continues, we are encouraged and feel that these early observations further bolster our belief in the prospectivity of Golden Rose and provide early validation of the extensive work that our Team has dedicated to this program. We look forward to reporting additional results as drilling continues.”
Woods Lake itself (figure 1) is situated on a 2.5 km long by 0.5 km wide Z shaped flexure in the Valentine Lake shear zone. Drilling to date has been focused on the Woods Lake Gold Zone (‘WLGZ”). While infill drilling on a potential hinge area of the shear zone, drill hole WL-21-05 successfully encountered several flecks of visible gold at 52.79m and 55.04m down hole (figures 2 and 3). The visible gold is in thin fractures absent any appreciable sulphides. This is the first reported visible gold encountered in this area of the WLGZ. Hole WL-21-05 is located approximately 800 meters from historic hole ST05-004 where visible gold was observed and which ultimately assayed 19.4 g/t Au over 1.5m.
Figure 2 – Visible Gold in Drill Hole WL-21-05 at 52.79m down hole
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