Trueclaim Exploration Inc. Identifies Significant Silver Zone on Its Arizona Property; 6.8 Ounces Per Tonne (213 Grams Per To...
September 15 2011 - 9:23AM
Marketwired
Trueclaim Exploration Inc. ("Trueclaim") (TSX VENTURE: TRM)(OTCQX:
TRMNF) recently finished a field mapping and sampling program on
its Richmond Basin Property located 10 miles (16 kilometers) north
of the city of Globe and two hours by road east of Phoenix, AZ.
Additional geological consultants under the direction of Arizona
project geologist Nick Barr were brought on-site during the summer
to expedite the field mapping program. The intention was to
concentrate on an area not yet explored by Trueclaim. The main
focus was the McMorris vein system where several historical
trenches were found. An area of just over 264.4 acres (107
hectares) was mapped and multiple alteration trends were seen.
During a two week period over 180 samples were taken in the
area.
Four trenches along the McMorris vein were mapped, thoroughly
sampled, and produced the following results:
--------------------------------------------------------
Length Ag Ag
Trench ft (m) ppm oz/t
--------------------------------------------------------
1 55.0 (16.8) 227.7 7.3
2 50.0 (15.2) 181.2 5.8
3 60.0 (18.3) 323.9 10.4
4 30.0 (9.1) 119.0 3.8
--------------------------------------------------------
These combined results produced a grade of 6.8 oz/t (213ppm)
along exposed portions totalling 145 feet within an overall length
of 195.0 feet (59.4m) along the McMorris Vein. Samples were taken
every 5ft (1.52m) in the exposed trenches. Mapping has indicated a
vein width of approximately 10ft (3.0m). Diamond drilling is
required to confirm the vein width. Within these trench intervals
the highlight intervals are seen below:
--------------------------------------
Highlight Intervals
--------------------------------------------------------
Length Ag Ag
Trench ft (m) ppm oz/t
--------------------------------------------------------
3 15 (4.6) 1031.7 33.2
1 20 (6.1) 287.0 9.2
2 20 (6.1) 232.2 7.5
1 25 (7.6) 226.6 7.3
--------------------------------------------------------
To view the maps accompanying this press release please click on
the following link:
http://media3.marketwire.com/docs/TRM0915.pdf
Eighty additional small trenches were mapped and sampled
thoroughly in the examined area. Of the 180 samples taken 53
samples assayed over 3.2oz/t (100ppm) silver. The samples also
assayed anomalous copper, lead and zinc values.
The Pre-Cambrian Ruin Granite hosts many shear zones and
multiple types of alteration including hematite, ankerite, and
chlorargyrite (silver chloride). The anomalous silver values are
highly associated with variations in magnetic susceptibility and
increased chlorargyrite alteration in the area.
The highlights, samples over 3.2 oz/t (100 ppm) silver, taken
from small and large trenches are shown below:
--------------------------------------------------------------------
Sample ID Ag ppm Ag oz/t Cu % Pb % Zn %
--------------------------------------------------------------------
E5105693 3310 106.4 0.84 0.71 0.14
61825 1725 55.5 0.03 0.11 0.08
E5105694 1190 38.3 0.50 0.48 0.08
61826 786 25.3 0.03 0.06 0.08
61814 651 20.9 0.06 0.08 0.07
61881 641 20.6 0.04 0.31 0.06
61812 599 19.3 0.05 0.04 0.07
61804 597 19.2 0.15 0.14 0.15
61827 584 18.8 0.04 0.04 0.11
61854 527 16.9 0.01 0.23 0.02
E5105696 524 16.8 0.11 0.36 0.05
E5105739 475 15.3 0.02 0.06 0.05
61879 411 13.2 0.02 0.25 0.04
61877 405 13.0 0.28 0.18 0.06
61807 352 11.3 0.17 0.55 0.25
E5105684 351 11.3 0.10 0.31 0.10
61810 282 9.1 0.11 0.41 0.16
61821 277 8.9 0.02 0.04 0.02
61846 252 8.1 0.02 0.06 0.02
61843 230 7.4 0.10 0.18 0.19
61829 226 7.3 0.06 0.18 0.10
E5105707 218 7.0 0.18 0.42 0.06
61853 215 6.9 0.01 0.16 0.01
61876 189 6.1 0.15 0.18 0.08
E5105700 180 5.8 0.02 0.09 0.06
61820 174 5.6 0.05 0.12 0.02
E5105743 174 5.6 0.06 0.33 0.16
61823 173 5.6 0.01 0.02 0.02
61883 173 5.6 0.01 0.18 0.03
61822 166 5.3 0.01 0.01 0.01
61882 159 5.1 0.01 0.03 0.01
61802 151 4.9 0.08 0.17 0.10
61801 142 4.6 0.25 0.06 0.24
61849 135 4.3 0.02 0.06 0.08
61832 133 4.3 0.06 0.12 0.12
E5105698 133 4.3 0.16 0.90 0.11
E5105682 131 4.2 0.13 0.47 0.43
61805 129 4.1 0.04 0.07 0.07
61840 125 4.0 0.05 0.09 0.02
61817 119 3.8 0.06 0.18 0.02
61811 116 3.7 0.06 0.14 0.08
61862 116 3.7 0.01 0.16 0.01
61803 114 3.7 0.10 0.09 0.08
61837 114 3.7 0.04 0.04 0.08
61845 114 3.7 0.03 0.07 0.07
E5105688 107 3.4 0.13 0.65 0.28
E5105706 107 3.4 0.02 0.13 0.05
61809 105 3.4 0.08 0.35 0.16
61844 105 3.4 0.06 0.13 0.08
61848 105 3.4 0.06 0.11 0.14
E5105742 105 3.4 0.03 0.31 0.03
61831 100 3.2 0.05 0.01 0.11
61841 100 3.2 0.01 0.01 0.01
--------------------------------------------------------------------
The mineralization surrounding the McMorris vein remains open
for extension to the east, south west and at depth. Based on these
very positive results, from not only silver but from the
copper-gold structure announced in previous press releases,
Trueclaim has applied for a permit to drill some of these
targets.
The Company expects to provide an update within two weeks on
recent work done on the copper zone discussed in its new release
dated June 2, 2011.
The Company has the right to earn a 100% working interest in the
property pursuant to an agreement made with Black Diamond
Exploration, Inc.
We seek safe harbour.
ON BEHALF OF THE BOARD
TRUECLAIM EXPLORATION INC.
John Carter, President
Technical information in this news release has been reviewed by
Ms. Lindsay Moss, P. Geo. and prepared in accordance with Canadian
regulatory requirements as set out in National Instrument 43-101.
Trueclaim's quality control and assurance program includes the
insertion of standards and blanks, the retention of 1/2 of the cut
core that has been sampled, pulps and rejects, and uses a
independent certified lab, Accurassay Laboratories of Thunder Bay,
ON. Samples are sent for fire assay and if warranted for ICP.
Assays of significance are reassayed using screen metallics to
ensure accurate values. Company Management, which takes full
responsibility for content, prepared this news release.
This news release contains "forward-looking information" (within
the meaning of applicable Canadian securities laws) and
"forward-looking statements" (within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995). Such statements
or information are identified with words such as "anticipate",
"believe", "expect", "plan", "intend", "potential", "estimate",
"propose", "project", "outlook", "foresee" or similar words
suggesting future outcomes or statements regarding an outlook. Such
statements include, among others, those concerning the proposed
diamond drilling program. All statements in this news release,
other than statements of historical facts, which address future
production, reserve potential, exploration activities, financing
plans, objectives or goals, and events or developments that the
Company expects, are forward-looking statements. Since
forward-looking statements address future events and conditions, by
their very nature, they involve inherent risks and uncertainties.
Such forward-looking information or statements are based on a
number of risks, uncertainties and assumptions which may cause
actual results or other expectations to differ materially from
those anticipated and which may prove to be incorrect. Assumptions
have been made regarding, among other things, management's
expectations regarding its ability to complete its exploration and
development work as expected. Actual results could differ
materially due to a number of factors, including, without
limitation, operational risks in the completion of the Company's
continued development work, technical, safety or regulatory issues,
market prices, exploitation and exploration successes, continued
availability of capital and financing, and general economic, market
or business conditions. Although the Company believes that the
expectations reflected in the forward-looking information or
statements are reasonable, prospective investors in the Company's
securities should not place undue reliance on forward-looking
statements because the Company can provide no assurance that such
expectations will prove to be correct. Actual results or
developments may differ materially from those projected in the
forward-looking statements, as assay intervals might not
necessarily represent true width. Such risks include expectations
that may be raised by discussing potential mine types and by
comparing the Company's projects to other projects. Also, in order
to proceed with the Company's exploration and acquisition plans,
additional funding is necessary and, depending on market
conditions, this funding may not be forthcoming on a schedule or on
terms that facilitate the Company's plans. Forward-looking
information and statements contained in this news release are as of
the date of this news release and the Company assumes no obligation
to update or revise this forward-looking information and statements
except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) has reviewed or accepts responsibility for the
adequacy or accuracy of this release.
Contacts: Trueclaim Exploration Inc. John Carter President
519-913-8008 1-888-686-1405 (FAX) www.trueclaim.ca
Trueclaim Exploration (TSXV:TRM)
Historical Stock Chart
From Dec 2024 to Jan 2025
Trueclaim Exploration (TSXV:TRM)
Historical Stock Chart
From Jan 2024 to Jan 2025