- TRU Precious Metals (TRU) commences 1,200-metre Phase One drill program at its 100 percent owned Twilite Gold Project
- The drill target was previously identified by TRU during a detailed ground geophysical survey in November of 2020
- The Twilite Gold Project was tested by 15 shallow drill holes in 1999 and only three holes were on the current target
- The drill program will consist of six NQ boreholes situated along with a deep-seated, multi-kilometre, west-northwest trending mineralized structure
- Geologically, the gold mineralization on this structure has been found near the contact between stockwork quartz veined and sheared graphitic metasediments and sericitized
- TRU Precious Metals Corp. (TRU) is down 5.68 percent and is trading at C$0.42 at 12:37 pm ET
TRU Precious Metals Corp. (TRU) has commenced a 1,200-metre drill program at its Twilite Gold Project in the Central Newfoundland Gold Belt.
The drill target was previously identified by TRU during a detailed ground geophysical survey in November of 2020.
Twilite Gold is strategically located on the mapped extension of the Cape Ray-Valentine Lake Shear Zone.
Numerous advanced-stage gold exploration projects are currently underway along this district-scale shear zone, including Marathon Gold’s multi-million-ounce deposit at Valentine Lake, and Matador Mining’s Cape Ray deposit.
Twilite Gold is also located only 15 kilometres south of Grand Falls-Windsor, a town of approximately 15,000 which is the service and supply centre for central Newfoundland.
Twilite Gold is easily accessible with an all-weather gravel road leading directly to the prospect.
The Twilite Gold Project was tested by 15 shallow drill holes in 1999 and only three holes were on the current target. All three boreholes intersected gold mineralization, as described more fully below.
Barry Greene, VP of Property Development and Director of TRU, commented,
“I have been eagerly anticipating the opportunity to commence drilling on TRU’s 100 percent owned Twilite Gold Project.”
“The Twilite Gold drill target is compelling with shallow gold already intersected in drill core from the last drilling on the project over 20 years ago. With such an expansive mineralized structure having only three near-surface historic boreholes to date, the drill target is wide open,” added Greene.
The drill program will consist of six NQ boreholes situated along with a deep-seated, multi-kilometre, west-northwest trending mineralized structure.
The drilling will focus on an approximately 300m strike length section of this structure near the intersection with a northeast-trending mineralized structure that is also auriferous in historic drilling.
The target mineralized structure appears as a prominent and deep-seated feature on geophysical 3D modelling images and will be drill tested to a maximum depth of approximately 350 m below the surface.
Geologically, the gold mineralization on this structure has been found near the contact between stockwork quartz veined and sheared graphitic metasediments and sericitized, silicified and locally clay altered mafic volcanics.
Gold is associated with quartz veining and silicification containing sulphide mineralization, which predominantly consists of pyrite and arsenopyrite.
TRU Co-Founder and CEO Joel Freudman added,
“We are delighted to finally start drilling the geophysical target we previously identified at Twilite Gold. We are very fortunate that Barry, who has been involved with this property over the years, has carefully planned this initial program with TRU’s technical and exploration team.”
TRU has assembled a portfolio of 5 gold exploration properties in the highly prospective Central Newfoundland Gold Belt.
TRU Precious Metals Corp. (TRU) is down 5.68 percent and is trading at C$0.42 at 12:37 pm ET.
