Fintech
TRU Precious Metals Hits More Continuous Gold Mineralization at Golden Rose Project
Toronto, Ontario–(Newsfile Corp. – March 9, 2022) – TRU Precious Metals Corp. (TSXV: TRU) (OTCQB: TRUIF) (FSE:706) (“TRU” or the “Company”) is pleased to announce new assay results from an additional 4 of 22 holes completed during its 2021 winter drill program at its flagship Golden Rose Project in Central Newfoundland (“Golden Rose”).
Highlights
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10.0 metres (m) of 1.14 grams per tonne (g/t) gold starting at 52.0 metres in drill hole WL-21-04, which forms the base of a longer 56.0 metre interval grading 0.4 g/t gold starting from the bedrock surface.
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7.0 metres of 1.81 g/t gold starting from 77.0 metres in hole WL-21-10, which forms the base of a longer 70 metre interval starting at 19.0 m and grading 0.37 g/t gold.
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1.5 metres of 3.60 g/t gold starting from 27.5 metres in hole WL-21-01, plus an additional 22.0 metres of 0.55 g/t gold starting at 38.0 metres, including 3.0 metres of 1.96 g/t gold at the base of the intercept.
TRU has now reported on 11 holes in total with assays from 11 holes still pending. Reported drilling results now define a primary gold zone that is 800m in strike length (from holes WL-21-06 to WL-21-14) and is open both along strike and at depth.
“I am very pleased to report that our drilling has now hit gold mineralization in 9 out of 9 of the holes reported so far at Woods Lake,” commented Stephen Lautens, President of TRU. “Consistency of results is very important in building a successful story of exploration, and these near-surface results are a solid basis for further and expanded exploration. We are also looking forward to exploring a number of other highly prospective targets that have shown even greater gold values at surface.”
The drill program at Golden Rose consisted of a total of 22 HQ diamond drill holes for a total of 4,102.7m, covering both the Woods Lake Gold Zone prospect (“Woods Lake”) and the King George IV Lake area (“KG4”). Golden Rose is a regional-scale 236 square kilometre (km) land package, including 45 km of strike length along the deposit-bearing Cape Ray – Valentine Lake Shear Zone, and is located directly between Marathon Gold’s Valentine Gold Project and Matador Mining’s Cape Ray Gold Project.
Barry Greene, VP of Property Development and Director of TRU, added: “The thick, near surface, gold zone encountered in holes WL-21-01, WL-21-04 and WL-21-10 are indicative of a bulk tonnage gold target. Gold mineralization in hole WL-21-10 actually straddles the faulted contact between the hanging wall Bay du Nord group metasediments and the underlying monzogranite. We continue to be impressed by the voluminous intersections of altered and mineralized felsic intrusive in this drill program.”
Table 1 – Woods Lake uncut assay highlights
| Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) | Zone |
| WL-21-01 | 27.50 | 29.00 | 1.50 | 3.60 | Woods Lake |
| And | 38.00 | 60.00 | 22.00 | 0.55 | |
| Including | 57.00 | 60.00 | 3.00 | 1.96 | |
| WL-21-04 | 7.00 | 62.00 | 56.00 | 0.40 | |
| Including | 52.00 | 62.00 | 10.00 | 1.14 | |
| And | 74.00 | 76.00 | 2.00 | 2.48 | |
| And | 146.00 | 147.00 | 1.00 | 4.96 | |
| WL-21-10 | 19.00 | 88.00 | 70.00 | 0.37 | |
| And | 77.00 | 84.00 | 7.00 | 1.81 | |
| WL-21-14 | 86.60 | 88.87 | 2.27 | 0.98 |
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/116033