- TRU Precious Metals Corp. (TRU) released high-grade gold results from a recent sampling program at its Golden Rose Project
- The bedrock and float grab sample results indicate high-grade gold potential at the Mark’s Pond and Rich House targets located along the Cape Ray-Valentine Lake Shear Zone
- Visible gold was evident in outcrop and in bedrock grab samples and they were taken from a sheared volcaniclastic and graphitic unit containing a significant number of quartz-carbonate veins
- TRU Precious Metals Corp. (TRU) is up 9.09 per cent trading at C$0.06 per share as of 1:45 pm ET
TRU Precious Metals Corp. (TRU) released high-grade gold results from a recent sampling program at its Golden Rose Project.
The bedrock and float grab sample results indicate high-grade gold potential at the Mark’s Pond and Rich House targets located along the Cape Ray-Valentine Lake Shear Zone.
Visible gold was evident in outcrop and bedrock grab samples, and they were taken from a sheared volcaniclastic and graphitic unit containing a significant number of quartz-carbonate veins.
Mapping and channel sampling within the trench has confirmed the presence of visible coarse- and fine-grained gold both within these quartz-carbonate veins and the surrounding wall rock along a newly discovered shear zone 130 metres northwest of the Mark’s Pond Gold Zone.
Three bedrock grab samples from Mark’s Pond returned very high-grade gold assays, including weighted average total Au values of 1,929 g/t Au, 205.6 g/t Au, and 180.1 g/t Au.
Four bedrock grab samples collected at the Rich House target along the northern shore of Victoria Lake returned weighted average total gold values between 4.3 and 16.8 g/t Au.
A series of channel samples have been collected in the recently excavated 275-metre-long trench at Mark’s Pond, including a 23-metre-long easterly extension at the southern end of the trench along strike of the gold-bearing volcaniclastic and graphitic shear zone.
Total Au (g/t)
|647601||Bedrock||Mark’s Pond Trench||33,732.25||22.53||1,313.10||1,163.47||1,186||1,929.0|
|647602||Bedrock||Mark’s Pond Trench||1,776.68||42.11||132.96||1,404.89||1,447||180.1|
|D00380469||Bedrock||Mark’s Pond Trench||1,125.95||9.81||193.94||773.19||783||205.6|
TRU Co-Founder & CEO Joel Freudman commented that these grab sample results from the Mark’s Pond and the Rich House targets were encouraging and have revealed very impressive gold grades and suggest that substantial gold mineralization is present along this 4 to 5 km long structural trend north of Victoria Lake.
“Based on these grab sample results, we look forward to receiving the gold assay results from our channel sampling program, which should help us characterize the grade consistency and potential width of this newly discovered gold-bearing shear zone. This new data, along with the expected results from the channel sampling program, will assist us in prioritizing the Mark’s Pond and Rich House targets for our 2023 drilling program. We have been very deliberate in locking up this Golden Rose district scale land package, and early results from this field program confirm our strategy of building this out to be a turn-key project.”
TRU Precious Metals is engaged in the acquisition and exploration of gold properties. Its projects include Golden Rose and Twilite Gold projects in Newfoundland and Labrador.
TRU Precious Metals Corp. (TRU) is up 9.09 per cent, trading at C$0.06 per share as of 1:45 pm ET.