TRU Provides Update on 2022 Exploration Program at Golden Rose Project
TRU Provides Update on 2022 Exploration Program at Golden Rose Project
Toronto, Ontario – June 2, 2022 – TRU Precious Metals Corp. (TSXV:TRU; OTCQB:TRUIF ; FSE:706 )
(“TRU” or the “Company”) is pleased to provide an update on its 2022 exploration program, previously
announced on March 22, 2022, ongoing at the Company’s flagship Golden Rose Project (“Golden Rose’’) located
in the Central Newfoundland gold belt on the deposit-bearing Cape Ray-Valentine Lake Shear Zone.
Soil Sampling
The soil sampling program is designed to identify new gold mineralization and provide additional targets for
TRU’s 2022 trenching and drilling programs at the developing Jacob’s Pond target area at Golden Rose. The
Jacob’s Pond area is a target -rich corridor of low - to high-grade gold-copper-silver mineral occurrences which
have strong IP geophysical anomalies and soil anomalies which extend over four kilometers.
The work is focusing on completing and infilling gaps in soils coverage over the two primary deep seated structural
corridors that have been delineated over much of the strike length running through the property.
The program will collect about 3,000 samples, reduced from an initial 10,000 to reallocate funds to drilling .
Approximately 1,000 of the samples will be conducted over the Jacob’s Pond -Bear Pond structural corridor by
extending grid lines from the 2021 soil sampling program to close off and fully define a multi -element (copper-
lead-zinc-gold-silver) soil anomaly. The results of these samples will be incorporated into the upcoming Jacob’s
Pond drill program.
TRU VP of Property Development and Director Barry Greene commented: “The Jacob’s Pond corridor of the
Golden Rose property contains most, if not all , of the in gredients normally found in advanced orogenic gold
prospects and deposits. I have seldom been as enthusiastic about an exploration project.”
The remaining approximately 2,000 samples will be done over the numerous known gold bedrock showings on
which minimal previous geochemical or ground geophysical coverage is available, and which are located on
primary, secondary or tertiary order structures which emanate from a crustal scale shear zone. Of particular interest
in the southwest are the Glimmer Pond, Mink Pond and Falls Zone gold showings, which display a combination
of quartz veining and/or regional silicification. Historical prospecting in the Glimmer Pond area did identify a
quartz rich float sample with visible gold with a grab sample which assayed 213.8 grams per tonne (g/t) gold.
Drilling
Drilling is anticipated to commence early in the third quarter and w ill focus on the Jacob’s Pond area.
Approximately 10 drill holes are proposed consisting of 2,000 metres.
Corporate Strategy
TRU Co-Founder and CEO Joel Freudman commented, “We expect this to be an exciting summer as we continue
to advance Golden Rose. As TRU continues its evolution as a junior mineral explorer, we are evaluating a wider
range of exploration and corporate opportunities and strategies consistent with our stated mission to build long-
term shareholder value through prudent natural resource property development and transactions. The asymmetric
exploration potential of Golden Rose, driven by the drill bit, remains TRU’s key value driver. To supplement our
exploration plans and fortify our balance sheet, we also continue to assess corporate initiatives, such as monetizing
non-core properties, that will support TRU’s efforts to generate revenues and cashflows through building a
diversified portfolio of inflation-resistant natural resources assets.”
The Company also announces that, subject to regulatory approval, on June 1, 2022, it granted an aggregate of
4,560,000 incentive stock options (“Options”) to its employees and consultants in accordance with the Company's
stock option plan. All such Options have an exercise price of $0.14 per share and a 3-year term. These grants are
intended to foster long -term personnel retention as well as corporate and exploration performa nce. Of these
Options an aggregate of 1,115,000 vested immediately ; 2,230,000 vest in 12 months from grant date ; and the
remaining 1,215,000 vest only upon the achievement of a variety of specified corporate milestones.
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 (TSXV:TRU; OTCQB:TRUIF; FSE:706) 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 236 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:
https://twitter.com/corp_tru
https://www.linkedin.com/company/tru-precious-metals-corp
YouTube
https://www.youtube.com/channel/UCHghHMDQaYgS1rDHiZIeLUg/
Acknowledgement
TRU would like to thank the Government of Newfoundland and Labrador for its past financial support through
the Junior Exploration Assistance Program.
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 relating to exploration activities at Golden Rose
and the Company’s corporate strategy. These statements are based on numerous assumptions regarding Golden
Rose, and the Company’s exploration and corporate plans, that are believed by management to be reasonable in
the circumstances, and are subject to a number of risks an d 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; challenges involved in sourcing and structuring transactions, and transaction
execution risk; volatility in precious and base metals prices; difficulties in attracting and retaining qualified
personnel; regulatory approval processes; 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 careful ly 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.