Fintech
TRU Precious Metals Confirms Second District-Scale Gold Trend Through Soil Sampling Program at Golden Rose Project
Fredericton, New Brunswick–(Newsfile Corp. – November 24, 2021) – TRU Precious Metals Corp. (TSXV: TRU) (OTCQB: TRUIF) (FSE: 706) (“TRU” or the “Company”) is pleased to report recently-received soil sampling results from its flagship Golden Rose Project (“Golden Rose”) in Newfoundland, Canada.
Golden Rose is a regional-scale land package covering approximately 236 square kilometres (km2) in the Central Newfoundland Gold Belt, including approximately 45 km of strike length along the deposit-bearing Cape Ray -Valentine Lake Shear Zone between Marathon Gold Corp.’s Valentine Gold Project to the northeast and Matador Mining Ltd.’s (“Matador”) Cape Ray Gold Project to the southwest.
Highlights
- Confirmation of a district-scale gold anomalous trend over approximately 20 kilometres associated with a district-scale shear zone, which extends onto King George IV area of Golden Rose where TRU is currently drilling
- Delineation of several discrete clusters of highly anomalous gold values
- Multiple trenching targets have been identified and gold anomalies are open for expansion
- Polymetallic signatures in gold/copper indicated in both rocks and soils along this structure
Barry Greene, VP of Property Development and a Director of TRU, commented: “As soon as we plotted the data and looked at it in the context of the regional magnetic geophysical signatures, I couldn’t help but think back to the early days at the Valentine Lake project. The scale and scope of this newly identified soil anomalous trend on Golden Rose reminded me of the regional scale soil anomalous trend I saw when I first started working on the Valentine Lake project in 1988, in the early discovery days. As we were trenching at Valentine Lake and uncovering gold mineralized veins, we were following the soil anomalies along the Valentine Lake regional structural break. It’s like looking at the Valentine Lake soils data from 33 years ago.”
Sampling Results
TRU has received almost all of the soils and rock analytical data collected during the 2021 field season, which has confirmed a new district-scale anomalous gold trend at Golden Rose over approximately 20 km of strike length. This data further solidifies the Company’s belief in the exploration potential of the shear zone/thrust fault contact between the Windsor Point Group and the King George IV ophiolite and the Rainy Lake complex gabbro along the northwest side of Golden Rose. TRU also believes that the data confirms it has opened a new, previously unrecognized area for exploration.
As the shear zone wraps around the ophiolites (Figure 1), the ophiolites appear to be structurally dissected, creating a distinct series of likely brittle second and third order structures. The structural architecture can be imaged in the aerial magnetic data (Figure 2). This will be a priority for expansion of future soil sampling to fully delineate the anomalous trend.
At the north end of this newly identified regional trend, rock sampling from bedrock and from local float confirms a gold-copper signature at the Jacob’s Pond gold prospect. Following along the Jacob’s Pond trend to the southwest, in association with this anomalous soils data, TRU’s field crews have collected several heavily copper mineralized samples including one sample which assayed 14.3 grams per tonne (g/t) gold, 11.0% copper, 368 g/t silver and 0.12% antimony (Figure 3).
Figure 2 – Regional 2021 gold in soils on gradient magnetics
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/5993/104886_33d56574d45dbaec_002full.jpg
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/104886
