TRU Commences Copper Exploration Program at Golden Rose
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TRU Commences Copper Exploration Program at Golden Rose
Toronto, Ontario – July 16, 2024 – TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) (“TRU” or
the “Company”) is pleased to announce that its copper-focused exploration program at its Golden Rose Project
(“Golden Rose”) in Western-Central Newfoundland is underway. As previously announced on April 18, 2024,
exploration will be focused on the critical minerals associated with the deposit-bearing Cape Ray – Valentine
Lake Shear Zone, with the view to developing a deeper understanding of the overall critical minerals potential at
Golden Rose, and ideally to identifying drill targets for such minerals.
While special emphasis is on copper exploration (“Cu”), the program will also investigate other critical minerals
occurrences hosting nickel (“Ni”) and zinc (“Zn”), which have been identified in previous exploration activities
carried out by the Company.
Exploration work will include prospecting, grab (rock) sampling, reconnaissance soil sampling and trenching
over interpreted critical minerals anomalies determined through previous work by TRU, historical data
compilation, and recently acquired high resolution satellite and remote sensing data over the entire property.
Many of the planned target areas have had limited exploration to date as Golden Rose is a historically
underexplored asset.
Target areas for the exploration program will include locations for which exploration in 2021-2023 identified
critical mineral anomalies in soils, rock samples and drill core. These areas include: Jacob’s Pond (up to 3.42%
Cu), Jacob’s Twin (up to 11.0% Cu), Jacob’s West (up to 1,094 ppm Cu in soils), Glenn’s Prospect (up to 7.6%
Cu), King George IV (up to 0.66% Cu and 1.33% Zn) and Bear Pond (up to 409 ppm Ni) (see Figure 1). The
exploration program will also test a number of new opportunity areas which have been identified.
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Figure 1: Golden Rose - Location of Main Critical Mineral Anomalies
TRU Co-Founder and CEO Joel Freudman commented: “Our exploration season has begun, and we are excited
to continue advancing the potential at Golden Rose for additional copper, zinc and nickel discoveries, in
addition to the heightened prospectivity for gold. Our top objective for this program, which will be eligible for
enhanced government funding, is to hone in on potential critical minerals drill targets, which could supplement
the gold-oriented drill program we are preparing for internally. We look forward to evaluating the incoming data
from the field program and sharing the results with the market.”
Qualified Person Statement
The scientific and technical information disclosed in this news release has been prepared and approved by Joel
Cranford, P.Geo., Project Geologist for TRU, and a Qualified Person as defined in NI 43-101.
Joel Cranford has verified all scientific and technical data disclosed in this news release and noted no errors or
omissions during the data verification process.
About TRU Precious Metals Corp.
TRU (TSXV:TRU) is on a mission to build long-term shareholder value through prudent natural resource
property development and transactions. TRU is exploring for gold and copper in the highly prospective Central
Newfoundland Gold Belt on its 100%-owned Golden Rose Project, originally optioned from TSX-listed Altius
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Minerals. Golden Rose is a regional-scale 264.25 km2 land package, including 45 km of strike length along the
deposit-bearing Cape Ray - Valentine Lake Shear Zone, directly between Calibre Mining’s Valentine Gold
Project and AuMega Metals Ltd.’s Cape Ray Gold Project. In addition, TRU has an option to acquire up to an
aggregate 65% ownership interest in two claim packages covering 33.25 km2 including a 12 km strike length
along the Shear Zone within Golden Rose. TRU is approximately 36%-owned by European strategic investor
Ormonde Mining plc (AQSE:ORM).
TRU is a portfolio company of Resurgent Capital Corp. (“Resurgent”), a merchant bank providing venture
capital markets advisory services and proprietary financing. Resurgent works with promising public and pre-
public micro-capitalization companies listing on Canadian stock exchanges. For more information on Resurgent
and its portfolio companies, please visit Resurgent’s website at https://www.resurgentcapital.ca/ and follow
Resurgent on LinkedIn at https://ca.linkedin.com/company/resurgent-capital-corp.
For further information about TRU, please contact:
Joel Freudman
Co-Founder & CEO
TRU Precious Metals Corp.
Phone: 1-855-760-2TRU (2878)
Email: [email protected]
To connect with TRU via social media, below are links:
Twitter: https://twitter.com/TRUMetals
YouTube: https://www.youtube.com/@TruMetalsCorp
LinkedIn: https://www.linkedin.com/company/tru-precious-metals-corp/
Instagram: https://www.instagram.com/TRUMetals/
Facebook: https://www.facebook.com/TRUMetals/
Acknowledgement
TRU would like to thank the Government of Newfoundland and Labrador for financial support through the
Junior Exploration Assistance Program and the Federal Government for its critical mineral assistance funding
for the exploration activities at Golden Rose.
Forward-Looking Statements
This press release contains certain forward-looking statements, including those relating to exploration and
drilling plans at Golden Rose, and the relative merits and appeal of Cu and other critical minerals. These
statements are based on numerous assumptions regarding Golden Rose, the Company’s exploration programs
and results, and commodities prices that are believed by management to be reasonable in the circumstances,
and are subject to a number of risks and uncertainties, including without limitation: mineralization hosted on
adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on Golden Rose; the
exploration potential of Golden Rose and the nature and style of mineralization at Golden Rose; risks inherent
in mineral exploration activities; volatility in precious metals and base metals prices; volatility in economic
conditions and financial markets; and those other risks described in the Company’s continuous disclosure
documents. Actual results may differ materially from results contemplated by the forward-looking statements
herein. Investors and others should carefully consider the foregoing factors and should not place undue reliance
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on such forward-looking statements. The Company does not undertake to update any forward-looking
statements herein except as required by applicable securities laws.
Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE: TRU Precious Metals Corp.