TRU Provides Exploration Update Including Additional Gold Targets at Golden Rose Project
TRU Provides Exploration Update Including Additional Gold Targets at Golden Rose Project
Toronto, Ontario – October 25, 2022 – TRU Precious Metals Corp. (TSXV:TRU; OTCQB:TRUIF) (“TRU” or
the “Company”) is pleased to provide an update on additional field work being completed across several key
prospective areas at its flagship Golden Rose Project in Central Newfoundland (“Golden Rose”).
The Company is currently focused on completing trenching, soil, till, and rock sampling on the Golden Rose
Project prior to the commencement of the winter season. Priority has been given to exploring highly prospective
target areas based on both historical and recent exploration results and known geophysical anomalies. These areas
include the Wood s Lake gold zone (“Woods Lake”) , Jacob’s Twin gold-copper-silver discovery area and the
recently optioned Staghorn property (Figure 1).
TRU Co-Founder and CEO Joel Freudman commented: “We are pleased to be closing out the 2022 field season
with additional work at Golden Rose . We have embarked on several cost-effective exploration initiatives , that
allow us to protect TRU’s treasury and capitalization structure while advancing multiple targets across the project
towards the drill-ready stage for a third round of drilling in 2023 . We are fortunate to be adequately funded to
complete this work, especially considering prevailing depressed market conditions.”
Figure 1: General location map indicating recent exploration activities at Golden Rose
Jacob’s Twin
• At the Jacob’s Twin target area, a comprehensive soil sampling program was conducted in early 2022.
Soil samples were collected at a 25 metre (m) spacing along 100 m spaced lines. A coincident copper -
gold soil anomaly was identified 750 m to 1.2 kilometres southwest of the recently announced Jacob’s
Twin gold-copper-silver discovery (please refer to TRU news release dated September 22, 2022). Based
on these findings, the Company decided to conduct an additional 50 m spaced infill soil sampling program
to further delineate the newly identified copper-gold soil anomaly.
Woods Lake and surrounding area
• A total of 323 soil samples and 31 till samples were recently collected.
Mark’s Pond and Rich House
• Trenching and prospecting work has commenced on these claims, with an immediate focus on the Mark’s
Pond gold zone (“Mark’s Pond”) and Rich House gold prospect (“Rich House”) (Figure 1).
• An historical trench at Mark’s Pond from 2020 is being re -opened and extended to complete channel,
soil and till sampling.
• Prospecting and rock sampling were recently completed at Rich House, where historical grab samples
returned up to 189.2 grams per ton (g/)t gold at the main mineral occurrence, and visible gold has been
previously reported.
The assay results from all the exploration programs described above are still pending from various independe nt
laboratories and will be released by the Company in due course.
Cautionary Statements
Please note that soil, rock , and float samples are selective by nature, and values reported may not represent the
true grade or style of mineralization at Golden Rose.
Any descriptions of mineralization, soil/till and IP anomalies reported in this news release are preliminary and/or
early-stage results. While these features are considered encouraging, there is no guarantee that these features will
return significant metal assay values if and when drilled by the Company in the future.
Qualified Person Statement
The scientific and technical information disclosed in this news release has been prepared and approved by Paul
Ténière, M.Sc., P.Geo., Vice President of Exploration for TRU, and a Qualified Person as defined in NI 43-101.
Acknowledgement
TRU would like to thank the Government of Newfoundland and Labrador for its past financial support through
the Junior Exploration Assistance Program.
About TRU Precious Metals Corp.
TRU (TSXV:TRU; OTCQB:TRUIF) is on a mission to build long-term shareholder value, through prudent natural
resource property development and transactions. Currently, TRU is exploring for gold and copper 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 269 km2 land package, including a newly
discovered 20 km district-scale structure, and an additional 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 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/ 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)
Email: [email protected]
To connect with TRU via social media, below are links:
Twitter: https://twitter.com/corp_tru
LinkedIn : https://www.linkedin.com/company/tru-precious-metals-corp
YouTube : https://www.youtube.com/channel/UCHghHMDQaYgS1rDHiZIeLUg/
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.
Forward-Looking Statements
This press release contains certain for ward-looking statements, including those relating to exploration plans at
Golden Rose and to the adequacy of the Company’s working capital . These statements are based on numerous
assumptions regarding Golden Rose and the Company’s drilling and exploration programs 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 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.