- TRU Precious Metals (TRU) has confirmed the presence of a district-scale gold anomalous trend at its flagship Golden Rose Project
- The company discovered the trend after reviewing soil sampling results from the project, located in Newfoundland
- The trend extends over approximately 20 kilometres and is associated with a district-scale shear zone
- The discovery is in addition to the 45-kilometre section of the Valentine Lake Shear Zone transecting the Golden Rose Project
- The company is now considering an expansion of its regional exploration program early next year
- TRU Precious Metals is down 2.86 per cent, trading at $0.17 at 10:08 am EST
TRU Precious Metals (TRU) has confirmed the presence of a district-scale gold anomalous trend at its flagship Golden Rose Project.
The New Brunswick-based mineral exploration company discovered the trend after reviewing soil sampling results from the project, located in Newfoundland.
The trend extends over approximately 20 kilometres and is associated with a district-scale shear zone, which extends onto the King George IV area of the project where TRU is currently drilling.
In addition, the company delineated several discrete clusters of highly anomalous gold values. Multiple trenching targets have also been identified and gold anomalies are open for expansion.
The discovery is in addition to the 45-kilometre section of the Valentine Lake Shear Zone transecting the Golden Rose Project.
The Golden Rose Project is a regional-scale land package covering approximately 236 square kilometres in the Central Newfoundland Gold Belt, including approximately 45 kilometres of strike length along the deposit-bearing Cape Ray-Valentine Lake Shear Zone.
“I am very pleased that our Exploration team has identified a significant and highly-prospective new district-scale structure at Golden Rose. As this is in addition to the 45 kilometre section of the Valentine Lake Shear Zone transecting Golden Rose, we now have much more high-priority real estate for exploration along this structural corridor, which we think may correlate with the Cape Ray Shear Zone running up from Matador’s Cape Ray deposits. As an added bonus, early indications in our soil and rock samples suggest this structure could have polymetallic potential. We remain hard at work in our efforts to unlock value for our shareholders from our flagship Golden Rose Project,” said TRU Co-Founder and CEO Joel Freudman.
The company is now considering an expansion of its regional exploration program early next year, along the newly-recognized regional structure, which may include an IP survey over the winter ice, in order to lay the groundwork for a spring 2022 trenching or drilling program on newly-advanced targets.
TRU Precious Metals is down 2.86 per cent, trading at $0.17 at 10:08 am EST.