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  • New Brunswick-based TRU Precious Metals (TRU) is ready to start a summer 2021 exploration program at multiple projects in Newfoundland
  • The resource exploration company plans a drill program across its district-scale land package in the Central Newfoundland Gold Belt
  • Work will begin with the Gander West and Twilite Gold projects, followed by additional work planned at the Rolling Pond and Golden Rose projects
  • The Phase 1 Work Program is expected to commence by early to mid-June
  • TRU Precious Metals is up 2.5 per cent, trading at C$0.41 at 11:36 am ET

New Brunswick-based TRU Precious Metals (TRU) is ready to start a summer 2021 exploration program at multiple projects in Newfoundland.

The resource exploration company plans a drill program across its district-scale land package in the Central Newfoundland Gold Belt.

The initial program will begin with the Gander West and Twilite Gold projects, followed by additional work planned at the Rolling Pond and Golden Rose projects.

“We expect the summer months to be exhilarating for TRU. We were purposeful in 2020 to be very aggressive in building a commanding land position in this prolific gold belt region. Having previously identified a drill target at our Twilite Gold Project, we are eager to start drilling there imminently. We expect to see work across nearly our entire property portfolio this summer, most prominently at Golden Rose and Twilite Gold, and also at Rolling Pond and Gander West. With a strong balance sheet and a $3.5 million flow-through financing fully committed and currently underway with Eric Sprott and other institutional investors, we expect to be well-funded for 2021 and beyond,” said TRU Precious Metals Co-Founder and CEO Joel Freudman.

The Golden Rose Project is a regional-scale land package covering 105 square kilometres within the Valentine Lake structural corridor and is easily accessible via provincial highway and forest access roads.

The company will embark on a multi-phase exploration program throughout the remainder of 2021 to further delineate the known areas of gold mineralization and test new zones. Highlights of recently uncovered gold occurrences by the previous owners which have yet to be tested by TRU include Rose Gold, Jacob’s Pond and Jen’s Pond.

The Phase 1 Work Program is expected to commence by early to mid-June and will concentrate on ground truthing the historic gold-soil-anomalies and existing mineral occurrences by prospecting.

TRU has assembled a portfolio of 5 gold exploration properties in the highly prospective Central Newfoundland Gold Belt.

TRU Precious Metals is up 2.5 per cent, trading at C$0.41 at 11:36 am ET.

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