TRU Precious Metals Corp. (TSX-V: TRU) (OTCQB: TRUIF) (FSE: 706) is pleased to announce the remaining assays from its 12-hole, Phase 1 diamond drilling program at its 100%-owned Twilite Gold Project in the Central Newfoundland Gold Belt.
Highlights include the intersection of 1.00 grams per tonne gold over 2 metres (m) in borehole TL21-27. Overall, the drill program successfully extended the known Fort Knox gold zone along strike and down dip and provided valuable geological information to help vector future drill programs in extending the zone.
Barry Greene, VP of Property Development and Director of TRU, commented: “The shear zone, which hosts the Fort Knox gold zone, displays widespread hydrothermal brecciation with silica, sericite and carbonate alteration throughout the latest drill holes. Mineralization comprising pyrite, stibnite and arsenopyrite is also continuing. Although diminishing to the southeast, the gold zone remains open to the northwest beyond hole TL21-17, where the zone is widening, and the gold grades are improving both at depth and along trend in the northwest direction. We now have gold intercepts equal to or greater than 1 g/t gold in 5 of the 10 holes completed in this drill program.”
Table 1. Uncut Assay Highlights
|Hole No.||From (m)||To (m)||Interval (m)||Au (g/t)||Zone|
Figure 1. Plan Map of Twilite Gold Drilling
Figure 2. Longitudinal Cross Section of Fort Knox Gold Zone
Table 2. Collar Details for TL-21-22 to TL-21-27
|Hole No.||Azimuth (°)||Dip (°)||Length (m)||UTM E||UTM N|
Drilling Quality Assurance/Quality Control
All NQ core is sampled, cut by core saw, and split by Company personnel, and put into bags with unique sample tags for identification. The bags are sealed with a security tag and are then transported directly to the lab by TRU staff. All rock samples are analyzed at Eastern Analytical Ltd. (“Eastern Analytical”) of 403 Little Bay Road, Springdale, NL, a commercial laboratory that is ISO/IEC 17025 accredited and independent of TRU. Eastern Analytical pulverized 1000 grams of each sample to 95% < 89 μm. Samples are analyzed using fire assay (30g) with AA finish and an ICP-34, four acid digestion followed by ICP-OES analysis. All samples with visible gold or assaying above 1.00 g/t gold are further assayed using metallic screen to mitigate the presence of the nugget effect of coarse gold. Standards and blanks are inserted at defined intervals for QA/QC purposes by the Company as well as Eastern Analytical. The TRU exploration program design is consistent with industry best practices and the program is carried out by qualified persons employing a QA/QC program consistent with National Instrument 43-101.
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 has assembled a portfolio of 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 earlier-stage properties in the region.
TRU is a portfolio company of Resurgent Capital Corp. 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.
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We acknowledge the [financial] support of the Government of Canada.