- TRU Precious Metals (TRU) completes drill program at the Golden Rose Project
- The drill program comprised a total of 22 HQ diamond drill holes for a total of 4,102.7 metres
- It is also pleased to announce assay results from two of these holes
- At Woods Lake, a total of 16 drill holes were completed for 2,911.7 metres
- Localized specks of visible gold were documented in quartz veins and breccias both in the primary host QFP and in narrow quartz veins
- TRU Precious Metals Corp. (TRU) is trading at C$0.18 at 1:50 pm EST
TRU Precious Metals Corp. (TRU) has completed a previously announced diamond drill program at the Golden Rose Project.
The drill program included a total of 22 HQ diamond drill holes for a total of 4,102.7 metres, covering both the Woods Lake Gold Zone prospect and the King George IV Lake area of Golden Rose.
Golden Rose is a regional-scale land package covering approximately 236 square kilometres in the Central Newfoundland Gold Belt.
This includes approximately 45 km of strike length along with the deposit-bearing Cape Ray -Valentine Lake Shear Zone between Marathon Gold Corp.’s Valentine Gold Project to the northeast and Matador Mining Ltd.’s.
Barry Greene, VP of Property Development and Director of TRU commented,
“We are extremely encouraged with our early drill results from this program as we await further assays. Diamond drilling at both KG4 and Woods Lake has successfully identified new mineralized areas for further expansion.”
At Woods Lake, a total of 16 drill holes were completed for 2,911.7 metres.
Exploration drilling 300m along strike to the northwest of the known gold zone was targeting the continuation of the anomalous gold soil geochemistry associated with the gold zone.
In addition to successfully intersecting the mineralized QFP in 12 holes, drill hole WL-21-14 successfully intersected quartz-pyrite-arsenopyrite veining from 86.60-97.97m. This mineralization is hosted in quartz veins and breccias.
Also at Woods Lake, localized specks of visible gold were documented in quartz veins and breccias both in the primary host QFP and in narrow quartz veins in the footwall, specifically at 129.82m of WL-21-04.
This further confirms that gold mineralization potential exists outside the primary host intrusive rocks and broadens the scope of potential targets.
TRU Co-Founder and CEO, Joel Freudman said: “We are delighted to have completed our first drill program at our flagship Golden Rose Project, which our geological team worked diligently to complete as efficiently and safely as possible.”
Notwithstanding that the program was slightly reduced from the original plan of 5,000 metres due to inclement weather in December, I am pleased that we finished on time,” added Freudman.
TRU is drilling for gold in the highly prospective Central Newfoundland Gold Belt and has an option with a subsidiary of TSX-listed Altius Minerals Corporation to purchase 100 per cent of the Golden Rose Project.
TRU Precious Metals Corp. (TRU) is trading at C$0.18 at 1:50 pm EST.