TRU Precious Metals Corp has announced the launch of the 2023 field exploration season at its Golden Rose project located in the Central Newfoundland Gold Belt.
In March, the company commissioned a high-resolution ground magnetometer-VLF (Very Low Frequency) geophysical survey from GroundTruth Exploration over the Mark's Pond area of the project where the company reported gold channel sample results as high as 57.6 grams per ton over 2.5 meters (m).
The Mag-VLF survey was designed to potentially identify the extent of 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 fault structures in the vicinity, the company said.
With the survey now complete, final interpretations are expected from GroundTruth in two to three weeks.
The TRU exploration team recently commenced fieldwork at the Mark's Pond target area, including the remaining channel sampling at the trench that opened up in fall 2022, the company said.
The next step involves the completion of at least 3-4 new trenches at Mark's Pond spaced at least 100 m apart, with the goal of tracing the Northcott Gold Zone and other parallel shear zones along strike in a northeast-southwest direction.
TRU also commissioned Terrane Geoscience to complete a structural mapping and analysis program at the Mark's Pond and Jacob's Pond trenches by the end of May.
Ultimately, these programs are intended to help the company develop several priority diamond drill hole targets at Mark's Pond and Jacob's Pond.
"We are very excited to be back at Golden Rose to complete field programs that will further develop the Mark's Pond target and lead to priority drill hole targets in the short term,” said Paul Ténière, vice president of exploration.
“The area southwest of Jacob's Pond and south of Twin Ponds is also a top priority based on the 2022 soil geochemistry results indicating significant copper and gold-in-soil anomalies. We plan to commence exploration work at Jacob's Pond once our trenching and channel sampling programs at Mark's Pond have been completed, and we expect to complete detailed prospecting and mapping in this area leading to further trenching and channel sampling programs."
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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