More Blah Blah Over the last week, I have gotten some phone calls requesting more explanation of the recent news release for Trueclaim attached below. As it is a significant step in accelerating the Black Diamond property in Arizona, I will give a short form as to what I see it benefits us as shareholders.
The acquired Buckeye property is only fifteen acres, but it is "patented" which essentially means owned, so it can be drilled right away without the permits needed for Trueclaim's hundreds of acres that surround it. It also adjoins property that TRM can actually access from existing tunnels on the Buckeye. This is very convenient and TRM can begin immediately to set up the drilling. Other drilling on the TRM's main property can go through the remaining permit process in the meantime.
The first thing to be done is remove the water that has collected in the shaft. Then it can even be possible to not only drill and continue to define the ore body, but actually take a bulk amount from the known 3 x 420 metre strike zone. This will be more apparent when the samples now taken from the site are assayed.
There are three areas of interest that, after some pre-work, are planned to start drilling within sixty days. Though I have always had the focus of silver on these properties, the samples of copper found cannot be ignored, as they have ranged up to ten percent (outrageous numbers.) They are grab samples, true, but there are five major copper mines within a twenty mile radius of the Trueclaim property. The fifty-three samples of over three ounce per ton silver is very indicative that TRM is in a prolific area for Ag, plus being historically mined for one hundred years. For my part, I am very much looking forward to drill results. And the geologists on the property want to make sure they drill the right spots, but it is in process.
Two previous news releases:
1) Trueclaim just raised $1.23 million that should fund pre-work and some drilling on the Black Diamond silver property.
2) Trueclaim has agreed that Northern Skye take over some Canadian properties, and in return, TRM gets three million shares of Northern Skye, and either 10% of future returns on the properties or $10 million cash. Trueclaim stays focused on the Skadding property in Ontario and the Black Diamond property in Arizona.
These are simply stated summaries of the latest news. Please give me a call at 1-877-881-0306 if you would like, or email me back.
Trueclaim will be attending the PDAC conference in Toronto, where 30,000 investors are to pass through. I expect some to recognize the under-valued nature of the company and I, for one, anticipate an exciting next few months.
Jim Elbert
Investor Relations Trueclaim Exploration