Velox Energy Materials Inc V.VLX

News from Scadding

[st2840]

m Its Delineation Drill Program as It Moves Towards Building a Compliant Resource at Scadding

LONDON, ONTARIO, Jul 19, 2011 (MARKETWIRE via COMTEX) -- Trueclaim Exploration Inc. ("Trueclaim") (tsx venture:TRM)(otcqx:TRMNF) recently finished a significant section of its Phase II 8,000 meter drilling program. The first stage of delineation of the North Zone on the Scadding Gold Property (the "Property") was completed with sixteen holes and just under 2,500 meters drilled.
One of the major accomplishments of the Phase II drill program is enhanced definition of the North Zone mineralization. The North Zone has been drilled in two previous programs by Trueclaim with successful results (i.e. trm-10-07:19.29m at 12.9 g/t). It is the first zone of the five zones on the property targeted by Trueclaim for the calculation of a compliant resource. Trueclaim contracted SRK Consultants (Canada) Inc. ("SRK") and used oriented drilling to help determine the direction of the mineralization.
The delineation drillholes were planned with the help of SRK. The orientation of the drillholes was chosen so that the intersections of chlorite would give a true width representation of the mineral deposit and would enhance the discovery of new mineralization. The program was very successful in defining the geometry of the mineralization and has extended the modeled envelope in the direction of the southeast and at depth. Due to the large drill spacing used to date, the next stage of delineation in the area will have a much tighter spacing within the mineralized body.
Shown below are the highlights of this recent drilling:
---------------------------------------------------------------------------Hole Interval Grade---------------------------------------------------------------------------Hole ID From (m(ft)) To (m(ft)) Length (m(ft)) Au (g/t)---------------------------------------------------------------------------TRM-11-30 84.00(275.59) 87.30(286.41) 3.30(10.83) 5.81TRM-11-31 62.00(203.41) 65.72(215.61) 3.72(12.20) 1.89TRM-11-36 51.00(167.32) 53.00(173.88) 2.00(6.56) 1.48TRM-11-39 122.26(401.11) 127.50(418.30) 5.24(17.19) 2.44TRM-11-39 153.00(501.96) 158.00(518.37) 5.00(16.40) 0.66TRM-11-40 41.63(136.58) 42.63(139.86) 1.00(3.28) 4.33TRM-11-40 143.20(469.81) 152.00(498.68) 8.80(28.87) 0.92TRM-11-44 122.50(401.90) 124.00(406.82) 1.50(4.92) 1.89---------------------------------------------------------------------------
After the drilling was completed in the North Zone the area was remodelled in Surpac (a 3D modeling program) by Trueclaim's onsite geologists. To date, the modeling and delineation program indicates that the North Zone consists of several sets of parallel auriferous trends. Olivine diabase dikes intruded and cross-cut the mineralization at an angle of approximately 30 degrees from the strike of the auriferous chlorite seams. The North Zone requires in-fill delineation drilling for resource analysis.
The Company holds the Scadding property under option from Currie Rose Resources. The Company has earned a 51% working interest in the property and retains the right earn a 100% working interest in the property.
We seek safe harbour.
ON BEHALF OF THE BOARD
TRUECLAIM EXPLORATION INC.
John Carter, President
Technical information in this news release has been reviewed by Ms. Lindsay Moss, P. Geo. and prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101. Trueclaim's quality control and assurance program includes the insertion of standards and blanks, the retention of 1/2 of the cut core that has been sampled, pulps and rejects, and uses a independent certified lab, Accurassay Laboratories of Thunder Bay, ON. Samples are sent for fire assay and if warranted for ICP. Assays of significance are reassayed using screen metallics to ensure accurate values. Company Management, which takes full responsibility for content, prepared this news release.