Toronto, Ontario–(Newsfile Corp. – March 16, 2023) – TRU Precious Metals Corp. (TSXV: TRU) (OTCQB: TRUIF) (“TRU” or the “Company”) is pleased to announce its exploration plans for the second quarter of 2023 at its 100% owned Golden Rose Project (“Golden Rose” or the “Project”) located in the highly prospective Central Newfoundland Gold Belt.
Q2 Exploration Plans
Initial exploration work will focus on three key target areas, specifically:
- Mark’s Pond, where the Company recently reported high-grade gold channel sample results as high as 57.6 g/t Au over 2.5m;
- Jacob’s Pond, where the Company’s 2022 drill program discovered copper and silver, and the Company recently announced copper-gold-zinc soil sampling results strengthening TRU’s critical minerals potential; and
- The Rich House and northeast Victoria Lake area, where historical grab samples at the Rich House target returned up to 189.2 g/t Au at the main mineral occurrence, and visible gold has been previously reported.
Joel Freudman, Co-Founder and CEO of TRU, commented, “2023 is already proving to be a significant year for TRU. The gold-copper potential that we have been steadily and systematically uncovering at Golden Rose is encouraging, as it provides our shareholders with exposure to precious metals as well as critical minerals. Earlier this year, we reported high-grade gold channel sampling results from our Mark’s Pond trench, the key driver behind our latest tuck-in acquisitions to lock up any available real estate around this area. TRU is well-positioned to continue cost-effectively exploring Golden Rose for further discoveries, and importantly, we are fully funded for this segment of work. We remain committed to building Golden Rose into a turn-key project with a strong exploration and discovery pipeline.”
The second quarter work program will consist of prospecting and rock sampling, trenching and channel sampling, and structural mapping at the Jacob’s Pond, Mark’s Pond, and Rich House target areas (Figure 1), with a view towards follow-on drill programs at these targets in summer 2023. In addition, a ground Magnetic-VLF geophysical survey will be conducted over the Mark’s Pond area, to trace the shear zone hosting the high-grade Northcott Gold Zone to the northeast and southwest and to further investigate the potential for additional parallel shear zones and mineralized structures in the vicinity.
An extensive soil sampling and prospecting program will also be conducted near the Rich House area and extend along the southern part of Victoria Lake, within the far northeastern part of Golden Rose located only 8 km southwest of Marathon Gold’s Valentine Gold Project.
Additional Claims Staking
Given the highly prospective nature of these target areas, the Company is also pleased to announce that it has staked three additional mineral claims, increasing its claims holdings by 75 hectares. These non-contiguous claims are located south of the Mark’s Pond high-grade gold discovery, and further consolidate the Company’s extensive land holdings at Golden Rose.
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