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Trulan Reports Interim High Grade And Size Of Iron Ore Mineralization On The IGP Iron-Gold-Platinum Project In Chile. Further Exploration Work Expected To Increase The Size Of All Ore Bodies.
Trulan Reports Interim High Grade And Size Of Iron Ore Mineralization On The IGP Iron-Gold-Platinum Project In Chile. Further Exploration Work Expected To Increase The Size Of All Ore Bodies..
About this update from Trinity Resources Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\nTrulan Reports Interim High Grade And Size Of Iron Ore Mineralization On The IGP Iron-Gold-Platinum Project In Chile. Further Exploration Work Expected To Increase The Size Of All Ore Bodies.\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nTrulan Reports Interim High Grade And Size Of Iron Ore Mineralization On The IGP Iron-Gold-Platinum Project In Chile. Further Exploration Work Expected To Increase The Size Of All Ore Bodies.\n\nPR Newswire\n\nHENDERSON, Nev., March 11, 2013\n\n\n\n\n\n\n\nHENDERSON, Nev., March 11, 2013 /PRNewswire/ -- Trulan Resources Inc. (OTCPink: TRLR) (the \"Company\" or \"Trulan\") is pleased to report on the Magnetite grade and tonnage contained in the four ore bodies that are part of the IGP Iron-Gold-Platinum Project in Chile in which the Company recently entered into an agreement to acquire a 100% interest. \n\n\n\n\n\n\n\n\n\n\nDEPOSIT\n\n\n\n\n\n\nMAGNETITE GRADE (%)\n\n\n\n\n\n\nINDICATED RESOURCE (Million Metric Tons)\n\n\n\n\n\n\n\n\n\n\nIGP 1\n\n\n\n\n\n\n10.50 %\n\n\n\n\n\n\n46.0\n\n\n\n\n\n\n\n\n\n\nIGP 2\n\n\n\n\n\n\n9.5 %\n\n\n\n\n\n\n100.0\n\n\n\n\n\n\n\n\n\n\nIGP 3\n\n\n\n\n\n\n8.0 %\n\n\n\n\n\n\n66.0\n\n\n\n\n\n\n\n\n\n\nIGP 4\n\n\n\n\n\n\n16.10 %\n\n\n\n\n\n\n35.0\n\n\n\n\n\n\n\nThe Magnetite contains high grade 62% Iron Ore. Based on current (January, 2013) spot market prices for Iron Ore and calculating grade, tonnage and utilizing a conservative 75% recovery rate, the Iron Ore contained in each deposit has a present market value as follows:\n\n\n\n\n\n\n\n\n\n\nDEPOSIT\n\n\n\n\n\n\nIRON ORE VALUE @ 75% Recovery\n\n\n\n\n\n\n\n\n\n\nIGP 1\n\n\n\n\n\n\nUS$ 550,956,375\n\n\n\n\n\n\n\n\n\n\nIGP 2\n\n\n\n\n\n\nUS$ 1,098,492,300\n\n\n\n\n\n\n\n\n\n\nIGP 3\n\n\n\n\n\n\nUS$ 614,040,300\n\n\n\n\n\n\n\n\n\n\nIGP 4\n\n\n\n\n\n\nUS$ 648,601,875\n\n\n\n\n\n\n\nTotal Iron Ore Value, All Four Deposits: US$ 2,912,090,850\n\n\n\nAnalysis and updating of the information set out in various reports produced and written on the IGP Project, i...