TRU
Precious Metals Increases
Land
Position at its Flagship
Golden Rose Project in
Central Newfoundland
Fredericton,
New Brunswick - June
24,
2021
-- InvestorsHub NewsWire -- TRU Precious Metals
Corp. (TSXV:TRU; OTCQB:TRUIF; FSE:706) ("TRU"
or the
"Company")
is
pleased to announce the acquisition of a
significant
claims
package
(the "Claims") contiguous with the
Company's flagship Golden Rose Project in Central
Newfoundland's Gold Belt.
TRU has acquired,
via indirect staking,
62.25
square kilometres (km2)
of
mineral
claims contiguous with the existing Golden Rose
Project,
increasing the property
size by almost 60%
from 105
km2
to 167.25
km2
(Figure
1) along
and adjacent to
the
Cape Ray -
Valentine Lake
Shear
Zone
(the "Shear Zone").
Joel Freudman, Co-Founder and CEO
of TRU, commented: "Consistent
with TRU's stated strategic
objective to add
or
expand properties of
merit along the Shear
Zone, this acquisition
adding to our district-scale Golden Rose
Project
is very
exciting for us, and comes at only
minimal staking costs.
This
consolidation
provides
better
coverage of a 23 km section of a possible
splay
structure, or
offshoot, adjacent to the
main Shear
Zone.
Importantly,
this 23 km long
splay
structure is very
underexplored and is known to host gold
mineralization,
which
automatically makes the Claims
an
early focus of TRU's field programs at Golden
Rose."
The
Claims
are located along a structural corridor (Figure
2) believed to be a
splay of
the
Shear
Zone
containing anomalous gold and arsenic in lake sediments. Several
recent gold occurrences on the Golden Rose
Project
are interpreted to be associated with this
splay structure.
These include the Jacobs Pond gold zone (hand trenching
returned
grab
samples
grading from 0.8 grams per tonne (g/t) gold (Au) to
2.2 g/t
Au)
and the Rose Gold showing (hand trenching returned grab samples
grading
from 3.3 g/t Au to
20.2 g/t
Au)[1].
Additionally, visible gold grains have been panned along the trend
of this structural corridor. The
Claims
also contain a historic grid hosting anomalous gold in soil values
including 110ppb gold in soil[2].
Other historic gold showings that appear to be located along the
structural corridor include the
Sansu
gold showing (3.5 g/t
Au
in grab samples[3])
and the Big Arm gold showing (16 g/t
Au[4]).
Figure
1: Newly
Acquired Claims -
Golden
Rose Project
Figure
2: Gold Occurrences
and
Structural
Corridor Along Newly
Acquired
Claims
National
Instrument 43-101 Disclosures
The technical information herein,
including assay
results, relating
to the
Golden Rose Project is
historical in nature and
has not been independently verified by TRU. Note
that grab
samples are
selective by nature, and
values reported may not represent the true grade or style of
mineralization across the Golden
Rose Project. The
potentialgrades
are
conceptual in
nature;
there
has been insufficient exploration to define a mineral
resource;
and it
is uncertain whether
further
exploration will result in any
targets
being
delineated as a mineral resource.
Barry Greene,
P.Geo.
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 has assembled a
portfolio of 5 gold exploration properties in the highly
prospective Central Newfoundland Gold Belt. The Company has an
option with a subsidiary of TSX-listed Altius Minerals Corporation
to purchase 100% of the Golden Rose Project, located along the
deposit-bearing Cape Ray - Valentine Lake Shear Zone. TRU also owns
100% of the Twilite
Gold
Project, located along the same Shear Zone, and 3 under-explored
properties including its Rolling Pond Property (under option)
bordering New Found
Gold
Corp.'s high-grade Queensway Project. TRU's common shares trade on
the TSX Venture Exchange under the symbol "TRU", on the OTCQB
Venture Market 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
financing. Resurgent works with promising public and
pre-public micro-capitalization
Canadian companies. For more information on Resurgent and its
portfolio companies, please visit Resurgent's LinkedIn profile
at
https://ca.linkedin.com/company/resurgent-capital-corp
For
further information about TRU, please contact:
Joel
Freudman
Co-Founder,
President & CEO
TRU
Precious Metals Corp.
Phone:
1-855-760-2TRU
(2878)
Email:
ir@trupreciousmetals.com
Website:
www.trupreciousmetals.com
To connect with TRU via social media, below are links:
Facebook
https://www.facebook.com/TRU-Precious-Metals-Corp-100919195193616
Twitter
https://twitter.com/corp_tru
LinkedIn
https://www.linkedin.com/company/tru-precious-metals-corp
YouTube
https://www.youtube.com/channel/UCHghHMDQaYgS1rDHiZIeLUg/
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.
Information in this
press release relating to third-party mineral
exploration properties are from sources
believed to be reliable, but that have not been independently
verified by TRU. Information in this
press release relating to historical exploration results at the
Golden Rose Project was provided by the
optionor of the property,
and has not been
independently verified by TRU.
This
press release contains certain forward-looking statements,
including those relating to exploring the Claims,
and
the
prospectivity
and
mineralization of the Claims and the
Golden Rose Project. These statements
are based on numerous assumptions regarding the
Claims
and the execution and
success of exploration 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 the Claims and/or
the Company's
mineral
exploration properties;
the exploration potential of the Company's
properties and the nature and
style of mineralization at same;
risks inherent in mineral exploration activities; volatility in
financial markets, economic conditions, and 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.
