- TRU Precious Metals Corp. (TRU) reported high-grade channel sampling results from its Golden Rose Project in Central Newfoundland
- The team collected 159 channel samples within the 275-metre-long trench, including 85 samples within a visible gold-bearing volcaniclastic and graphitic shear zone
- The Northcott Gold Zone represents a significant discovery and contains abundant visible gold within quartz-carbonate veins and the surrounding wall rock
- TRU Co-Founder & CEO Joel Freudman sat down for an interview to discuss these results
- TRU Precious Metals Corp. (TRU) opened trading at C$0.055 per share
TRU Precious Metals Corp. (TRU) reported high-grade channel sampling results from its Golden Rose Project in Central Newfoundland.
The team collected 159 channel samples within the 275-metre-long trench, including 85 samples within a visible gold-bearing volcaniclastic and graphitic shear zone.
The Northcott Gold Zone represents a significant discovery and contains abundant visible gold within quartz-carbonate veins and the surrounding wall rock.
Highlights:
- 57.6 g/t Au over 2.5 metres, including 141 g/t Au over 1.0 metre
- 34.0 g/t Au over 2.0 metres, including 65.4 g/t Au over 1.0 metre
- 23.5 g/t Au over 2.0 metres, including 90 g/t Au over 0.5 metre
The work was done during a recent trenching program on its claims under option from Quadro Resources Ltd. The channel sampling program was completed on the Mark’s Pond target located along the deposit-bearing Cape Ray-Valentine Lake Shear Zone. The company recently released results of a grab sampling program that indicated high-grade gold potential. The company plans to extend the trench further in both directions and complete detailed structural mapping of the entire trench and additional channel sampling in spring 2023 before drilling.
TRU Co-Founder & CEO Joel Freudman sat down for an interview to discuss these results.
TRU Precious Metals is focused on the acquisition and exploration of gold properties. Its projects include Golden Rose, Twilite Gold Project, Rolling Pond Property, Stony Lake Property, and Gander West.
TRU is a portfolio company of Resurgent Capital Corp., a merchant bank providing venture capital markets advisory services and proprietary financing.
TRU Precious Metals Corp. (TRU) opened trading at C$0.055 per share.
