TRU Precious Metals Hits More Continuous Gold Mineralization at Golden Rose Project
TRU Precious Metals Hits More Continuous Gold Mineralization
at Golden Rose Project
Toronto, Ontario – 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
• 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.
• 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.
• 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 tha t 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 4,102.7 m,
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 h oles 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 cont inue 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
Figure 1 – Woods Lake Drill Hole Locations
The gold intercept in WL-21-14 was testing a gold soil geochemical anomaly that was along strike to the northwest
from the main Woods Lake gold zone. This hole intersected quartz veining with arsenopyrite and pyrite in
sedimentary rocks , indicating that gold can be encountered not only in the felsic intrusive, but also in the
surrounding rocks.
Drilling Quality Assurance/Quality Control (“QA/QC”)
All HQ core is geotechnically measured for RQD’s, logged and marked for sampling. The core is then cut by
Company personnel, with half put into bags with unique sample tags for identification while the other half is
retained for reference. The bags are sealed with a security tag and are then transported directly to the lab by TRU
staff. All rock samples are analyzed at Eastern Analytical Ltd. (“Eastern Analytical”) of 403 Little Bay Road,
Springdale, NL, a commercial laboratory that is ISO/IEC 17025 accredited and independent of TRU. Eastern
Analytical pulverized 1,000 grams of each sample to 95% < 89 μm. Samples are analyzed using fire assay (30g)
with AA finish and an ICP-34, four acid digestion followed by ICP-OES analysis. All samples with visible gold
or assaying above 1.00 g/t Au are further assayed using metallic screen to mitigate the presence of the nugget
effect of coarse gold. Standards and blanks are inserted at defined intervals for QA/QC purposes by the Company
as well as Eastern Analytical. True widths for reported intervals have yet to be determined. The TRU exploration
program design is consistent with industry best practices and the program is carried out by qualified persons
employing a QA/QC program consistent with National Instrument 43-101.
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 km 2
land package, including 45 kilometres 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 under the symbol “TRU”, on the O TCQB 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 services and proprietary financin g. 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.
Table 2 – Woods Lake Collar Details
Hole No. Azimuth (°) Inclination (°) Length (m) UTM E UTM N
WL-21-01 040 -52 110 441526 5334260
WL-21-04 040 -45 151 441642 5334234
WL-21-10 040 -45 128 441625 5334212
WL-21-14 040 -45 105 441107 5334635
For further information about TRU, please contact:
Stephen Lautens
President
TRU Precious Metals Corp.
Phone: 1-855-760-2TRU (2878)
Cell: (416) 738-5261
Email: [email protected]
Website: www.trupreciousmetals.com
Joel Freudman
Co-Founder & CEO
TRU Precious Metals Corp.
Phone: 1-855-760-2TRU (2878)
Email: [email protected]
Twitter: @JoelFreudman
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 has been approved for funding for a portion
of its 2021 exploration activities at the Twilite Gold Project.
Cautionary Statements
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, including those relating to exploration plans and
drill program results at Golden Rose. These statements are based on numerous assumptions regarding Golden
Rose and the Company’s drilling program and results 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 prices; and those other risks described in th e
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.