News.
ORIGINAL: TRU Announces Visible Gold and High-Grade Gold Results from Rock Samples Collected in Mark's Pond and Rich House Targets at Golden Rose
Mark's Pond trench grab samples return assay results as high as 1,929 g/t Au
2022-11-23 09:11 ET - News Release
Toronto, Ontario--(Newsfile Corp. - November 23, 2022) - TRU Precious Metals Corp. (TSXV: TRU) (OTCQB: TRUIF) ("TRU" or the "Company") is pleased to announce high-grade gold results from a recent rock (grab) sampling program conducted on the Company's claims under option at its Golden Rose Project ("Golden Rose") in Central Newfoundland. The bedrock and float grab sample results are very encouraging and indicate the high-grade gold potential at the Company's Mark's Pond and Rich House targets located along the highly prospective Cape Ray-Valentine Lake Shear Zone.
Highlights
-
Visible gold is evident in outcrop and in bedrock grab samples collected from a recently extended trench at Mark's Pond. The grab samples were taken from a sheared volcaniclastic and graphitic unit containing a significant number of quartz-carbonate veins. Mapping and channel sampling within the trench have confirmed the presence of visible coarse- and fine-grained gold both within these quartz-carbonate veins and the surrounding wall rock along a newly discovered shear zone approximately 130 m northwest of the Mark's Pond Gold Zone.
-
Three bedrock grab samples collected from newly exposed outcrop in the Mark's Pond trench have returned very high-grade gold assay results from total pulp metallics analysis (metallic screening) including weighted average total Au values of 1,929 g/t Au, 205.6 g/t Au, and 180.1 g/t Au (Table 1 and Figure 2).
-
Four bedrock grab samples collected at the Rich House target along the northern shore of Victoria Lake returned weighted average total Au values between 4.3 and 16.8 g/t Au from metallic screening analysis (Table 1 and Figure 1).
-
A series of channel samples have been collected in the recently excavated 275 m long trench at Mark's Pond including a 23 m long easterly extension at the southern end of the trench along strike of the gold-bearing volcaniclastic and graphitic shear zone. Those assay results are pending from the laboratory.
TRU Co-Founder and CEO Joel Freudman commented: "We are very encouraged by these grab sample results from the Mark's Pond and the Rich House targets, which have revealed very impressive gold grades and suggest that substantial gold mineralization is present along this 4 to 5 km long structural trend north of Victoria Lake. Based on these grab sample results, we look forward to receiving the gold assay results from our channel sampling program, which should help us characterize the grade consistency and potential width of this newly discovered gold-bearing shear zone. This new data along with the expected results from the channel sampling program will assist us in prioritizing the Mark's Pond and Rich House targets for our 2023 drilling program. We have been very deliberate in locking up this Golden Rose district scale land package, and early results from this field program confirm our strategy of building this out to be a turn-key project."