TRU Precious Metals Contracts Simcoe Geoscience for IP Survey at Golden Rose Project
TRU Precious Metals Contracts Simcoe Geoscience for IP Survey
at Golden Rose Project
Toronto, Ontario – February 9, 2022 –TRU Precious Metals Corp. (TSXV:TRU; OTCQB:TRUIF ; FSE:706)
(“TRU” or the “Company”) is pleased to announce that it has retained Simcoe Geoscience Limited (“Simcoe”) to
conduct an Induced Polarization (“IP”) survey at the Company’s flagship Golden Rose Project (“Golden Rose”)
in the Central Newfoundland Gold Belt, scheduled to commence later this month. The Company is also providing
an interim update on the delay in receiving drill results from its winter 2021 drilling program at Golden Rose.
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 Cape Ray Gold Project to the southwest.
Winter 2021 Drillhole Assays Update
TRU reported results from 2 drillholes in its press release dated January 11, 2022, and is still awaiting assay results
from the remaining 20 of the 22 drillholes from its recent approximately 4,100 metre drill program at Golden
Rose. TRU has no t yet received any further results to report at present . The Company continues to await all
outstanding assays, including those from 3 holes containin g visible gold at the Woods Lake Gold Zone, as well
as holes at the King George IV lake area where the Company discovered a new quartz-pyrite-chalcopyrite (copper)
stockwork system.
The sole assay lab in Newfoundland is currently experiencing a longer than usual turnaround time for analytical
results, sometimes resulting in delays of up to several months, due to Covid and the increased demand from rapidly
expanding local mineral exploration. TRU is looking at ways to expedite receiving results from submitted samples,
and in any case continues to expect to receive results in batches on a rolling basis over the coming weeks and
months, which will be reported in a timely manner as they are received.
Simcoe IP Survey
TRU will be deploying Simcoe’s next-generation wireless, high-definition Alpha IP™ technology at Golden Rose.
The IP survey will cover newly defined plus underexplored historical gold exploration targets. The survey will
comprise approximately 56 line km of wireless time domain induc ed polarization using Simcoe's Alpha IP™
system. The use of wireless technology substantially reduces the footprint of the survey and the time required
as line cutting is not required. The survey is expected to be completed in approximately 60 days from
commencement.
Barry Greene, VP of Property Development and Director of TRU, commented: "We are delighted to partner with
Simcoe at Golden Rose. Their unparalleled modelling experience and proprietary Alpha IP™ system will provide
detailed data essential to planning our 2022 trenching and drilling programs. The information garnered from this
IP survey will be crucial to developing a well-defined set of targets at Golden Rose for the various high-priority
areas, and will add to our extensive inventory of grassroots gold and copper targets for an expanded regional
exploration program throughout 2022. It is also encouraging that Simcoe has worked su ccessfully with other
junior resource companies in the Newfoundland Gold Belt, and we are looking forward to the completion of this
project."
Alpha IP is a “green” survey technology with no tree cutting required – an example of effective, next generation
and non-destructive exploration methods at work. Simcoe’s history of geophysical discovery spans from coast to
coast in Canada, with Alpha IP data and surveys playing a key role in the recent discovery of what is becoming
Ascot Resources’ new mine in interior BC. In addition, Simcoe works locally in Newfoundland with clients such
as Aurwest Resources.
Simcoe will be surveying Golden Rose with deep-penetrating Alpha IP technology to acquire 2D data which then
can be quickly modeled and imaged in high -definition 3D. This comprehensive 3D imaging will ultimately
provide TRU with the precise targeting needed to potentially intersect gold-related mineralization and structures
of interest across a substantial portion of Golden Rose. Trenching and drilling of recommended targets can quickly
follow the Alpha IP targeting later in 2022.
Figure 1: Golden Rose Project – Planned IP Survey Lines
Finally, TRU is also pleased to report continued support from Insiders adding to their share positions. TRU’s VP
of Property Development and Director, Barry Greene, and TRU’s Corporate Secretary Jo -Anne Archibald both
purchased TRU shares last week.
Qualified Person
Barry Greene, P.Geo. (NL) is a qualified person as defined by National Instrument 43-101 and has reviewed and
approved the contents and technical disclosures in this press release. Mr. Greene is a director and officer of the
Company and owns securities of the Company.
About TRU Precious Metals Corp.
TRU is drilling for gold in the highly prospective Central Newfoundland Gold Belt and has an option with TSX-
listed Altius Minerals to purchase 100% of the Golden Rose Project. Golden Rose is a regional -scale 236 sq km
land package, including 45 km of strike length along the deposit -bearing Cape Ray -Valentine Lake Shear Zone
directly between Marathon Gold’s Valentine Gold Project and Matador Mining’s Cape Ray Gold Project. TRU’s
common shares trade on the TSX Venture u nder the symbol “TRU”, on the OTCQB Venture under the symbol
“TRUIF”, and on the Frankfurt exchange under the symbol “706”.
TRU is a portfolio company of Resurgent Capital Corp. (“Resurgent”), a merchant bank providing venture capital
markets advisory ser vices 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/ or 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)
Twitter: @JoelFreudman
Email: [email protected]
Website: www.trupreciousmetals.com
Stephen Lautens
President
TRU Precious Metals Corp.
Phone: 1-855-760-2TRU (2878)
Cell: (416) 738-5261
Email: [email protected]
Website: www.trupreciousmetals.com
To connect with TRU via social media, below are links:
https://twitter.com/corp_tru
https://www.linkedin.com/company/tru-precious-metals-corp
YouTube
https://www.youtube.com/channel/UCHghHMDQaYgS1rDHiZIeLUg/
https://www.facebook.com/TRU-Precious-Metals-Corp-100919195193616
Acknowledgement
TRU would like to thank the Government of Newfoundland and Labrador for financial support of the Twilite
Gold Project through the Junior Exploration Assistance Program. TRU was approved for funding for a portion of
its 2021 exploration activities at the Twilite Gold Project.
Cautionary Statements Regarding Forward-Looking Information
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains certain forward -looking statements relating to exploration activities at Golden Rose.
These statements are based on numerous assumptions regarding Golden Rose, and the Company ’s exploration
and drilling plans, 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; risks inherent in mineral exploration activities; volatility
in precious metals prices; 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 on such forward -
looking statements. The Company does not undertake to update any forward-looking statements herein except as
required by applicable securities laws.