TRU Precious Metals Completes Purchase of Claims Contiguous with Golden Rose Project

Reading Time: < 1 minute

Fredericton, New Brunswick–(Newsfile Corp. – December 16, 2021) – TRU Precious Metals Corp. (TSXV: TRU) (OTCQB: TRUIF) (FSE: 706) (“TRU” or the “Company”) is pleased to announce that, further to its press release dated November 15, 2021, it has completed the acquisition of 100% ownership of a mineral license covering 200 hectares (the “Purchased Assets”) contiguous with the Company’s flagship Golden Rose Project (“Golden Rose”) (Figure 1).

As previously disclosed, the vendor of the Purchased Assets received $25,000 in cash and 135,000 common shares in the capital of TRU at a deemed price of $0.16 per common share as consideration. All such common shares of TRU are subject to a hold period expiring four months and one day from December 15, 2021. TRU has also granted the vendor a 2.0% net smelter returns royalty from any future mineral production on the Purchased Assets, of which 1.0% can be repurchased by TRU for $1,000,000.

As announced on November 18, 2021, TRU identified a large horseshoe-shaped IP chargeability anomaly in the King George IV area of Golden Rose, and carried out targeted diamond drilling in the area to test this and other IP geophysical targets. The horseshoe-shaped IP anomaly is located immediately on the eastern claim boundary of the Purchased Assets and thus increases the potential prospectivity of the Purchased Assets.

To view the source version of this press release, please visit

Powered by WPeMatico