TRU Precious Metals Corp. (TSX-V:TRU, OTCQB:TRUIF) has unveiled its exploration plans for the second quarter of 2023 at its 100%-owned Golden Rose Project located in the highly prospective Central Newfoundland Gold Belt.
In a statement, Joel Freudman, co-founder and CEO of TRU, commented: “2023 is already proving to be a significant year for TRU. The gold-copper potential that we have been steadily and systematically uncovering at Golden Rose is encouraging, as it provides our shareholders with exposure to precious metals as well as critical minerals.
"Earlier this year, we reported high-grade gold channel sampling results from our Mark’s Pond trench, the key driver behind our latest tuck-in acquisitions to lock up any available real estate around this area. TRU is well-positioned to continue cost-effectively exploring Golden Rose for further discoveries, and importantly, we are fully funded for this segment of work. We remain committed to building Golden Rose into a turn-key project with a strong exploration and discovery pipeline.”
WATCH: TRU Precious Metals sharing latest Golden Rose gold project updates at Mines and Money and PDAC
TRU said the second quarter work program will consist of prospecting and rock sampling, trenching and channel sampling, and structural mapping at the Jacob’s Pond, Mark’s Pond, and Rich House target areas, with a view towards follow-on drill programs at these targets in summer 2023.
In addition, a ground Magnetic-VLF geophysical survey will be conducted over the Mark’s Pond area, to trace the shear zone hosting the high-grade Northcott Gold Zone to the northeast and southwest and to further investigate the potential for additional parallel shear zones and mineralized structures in the vicinity.
An extensive soil sampling and prospecting program will also be conducted near the Rich House area and extend along the southern part of Victoria Lake, within the far northeastern part of Golden Rose located only 8 kilometres (km) southwest of Marathon Gold’s Valentine Gold Project.
Additional Claims Staking
Given the highly prospective nature of these target areas, TRU also announced that it has staked three additional mineral claims, increasing its claims holdings by 75 hectares.
These non-contiguous claims are located south of the Mark’s Pond high-grade gold discovery, and further consolidate the company’s extensive land holdings at Golden Rose.
TRU Precious Metals' Golden Rose Project, originally optioned from TSX-listed Altius Minerals, is a regional-scale 240.25 square- kilometre (km2) land package, including a recently-discovered 20 km district-scale structure, and an additional 4.5 km of strike length along the deposit-bearing Cape Ray - Valentine Lake Shear Zone, directly between Marathon Gold’s Valentine Gold Project and Matador Mining’s Cape Ray Gold Project.
In addition, TRU has an option to acquire up to an aggregate 65% ownership interest in two claim packages covering 33.25 km2 including a 12 km strike length along the Shear Zone within Golden Rose.
TRU is a portfolio company of Resurgent Capital Corp, a merchant bank providing venture capital markets advisory services and proprietary financing. Resurgent works with promising public and pre-public micro-capitalization companies listing on Canadian stock exchanges
Contact the author at jon.hopkins@proactiveinvestors.com