TRU
Precious Metals Drills Visible Gold at Golden Rose
Project
Fredericton, New
Brunswick - November 4, 2021 -- InvestorsHub NewsWire
-- TRU
Precious Metals Corp. (TSXV:TRU; OTCQB:TRUIF; FSE:706) ("TRU" or the
"Company") is
pleased to announce that it has encountered visible gold early in
its 5,000 metre
diamond drill program currently underway at its flagship Golden
Rose Project ("Golden Rose"), in the Central Newfoundland Gold
Belt.
TRU Co-Founder and CEO
Joel Freudman commented: "We are ecstatic to report that multiple
specks of visible gold have been observed in a completed drill hole
in our recently announced drill program at Golden Rose. While
assays are pending and the drilling continues, we are encouraged
and feel that these early observations further bolster our belief
in the prospectivity of Golden Rose and provide early validation of
the extensive work that our Team has dedicated to this program. We
look forward to reporting
additional results as drilling continues."
Woods Lake itself
(figure 1) is situated on a 2.5 km long by 0.5 km wide Z shaped
flexure in the Valentine Lake shear zone. Drilling to date has been
focused on the Woods Lake Gold Zone ('WLGZ").
While infill drilling
on a potential hinge area of the shear zone, drill hole WL-21-05
successfully encountered several flecks of visible gold at 52.79m
and 55.04m down hole (figures 2 and 3). The visible gold is in thin
fractures absent any appreciable sulphides. This is the first
reported visible gold encountered in this area of the
WLGZ.
Hole WL-21-05 is
located approximately 800 meters from historic hole ST05-004 where
visible gold was observed and which ultimately assayed 19.4 g/t Au
over 1.5m.
Figure 1 - Woods
Lake Drilling Map
Golden Rose is a
regional-scale land package covering 215.25 square kilometres
(km2),
including approximately 45 km of strike length along the
deposit-bearing Cape Ray -Valentine Lake structural corridor
between Marathon Gold Corp.'s ("Marathon") Valentine Gold Project
to the northeast and Matador Mining Ltd.'s ("Matador") Cape Ray
Gold Project to the southwest.
Barry
Greene, VP of Property Development and Director of TRU
further commented: "It
is rewarding to see visible gold in drill core this early in the
drill program. As we explore new ideas and test new ground, we are
continuing to see good signs, not only at the Woods Lake but
property wide. Golden Rose is really shaping up as a significant
project of merit."
Figure 2 -
Visible Gold in Drill Hole WL-21-05 at 52.79m down hole
Figure 3- Visible
Gold in Drill Hole WL-21-05 at 55.04m down hole
The observation of
visible gold flakes in the core is positive but not necessarily
indicative that assay results with significant gold mineralization
will be received
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 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 earlier-stage properties in the region. 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 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/
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:
Twitter
https://twitter.com/corp_tru
LinkedIn
https://www.linkedin.com/company/tru-precious-metals-corp
YouTube
https://www.youtube.com/channel/UCHghHMDQaYgS1rDHiZIeLUg/
Facebook
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 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.
This press release
contains certain forward-looking statements relating to the drill
program and other exploration activities at Golden Rose. These
statements are based on numerous assumptions regarding Golden Rose,
and the Company's exploration and drilling 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 Golden Rose; the exploration potential of Golden Rose and the
nature and style of mineralization; risks inherent in mineral
exploration activities, and operational problems relating to
drilling; 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.
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