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TRU Announces 2,000 Metre Drill Program at the Jacob's Pond Area of the Golden Rose Project
Toronto, Ontario--(Newsfile Corp. - August 4, 2022) - TRU Precious Metals Corp. (TSXV: TRU) (O...
About this update from Tru Precious Metals Corp.
[{"type":"text","content":"TRU Announces 2,000 Metre Drill Program at the Jacob's Pond Area of the Golden Rose ProjectToronto, Ontario--(Newsfile Corp. - August 4, 2022) - TRU Precious Metals Corp. (TSXV: TRU) (OTCQB: TRUIF) (FSE: 706) (\"TRU\" or the \"Company\") is pleased to announce that an approximately 2,000 metre (m) diamond drill program is underway at the Company's flagship Golden Rose Project (\"Golden Rose'') located in the Central Newfoundland gold belt. The drilling will focus on the Jacob's Pond area, where the Company recently completed an extensive IP Survey to determine high-priority areas and targets. Drilling has commenced with a plan to complete approximately 10-12 diamond drill holes. The two key target areas dubbed Jacob's Main and Jacob's Twin (Figure 1) will form the basis of this initial drilling. These areas have never been drilled before.Drill Targets RationaleMineralization can be directly correlated with the base of an extensive IP geophysical anomaly.Identification of approximately 75m section of creek bed containing numerous copper-gold (Cu-Au) bearing quartz veins and brittle fractures hosted by conglomerate. True thickness of the mineralized zone is estimated at approximately 15-20m based on intermittent outcrops.Summer 2022 grab sampling results include 6 out of 21 samples grading from 1.10% Cu to 4.19% Cu including one sample grading 3.42% Cu and 2.76 grams per tonne (g/t) Au. (Figure 2).Conglomerate host rocks also contain frequent secondary copper rich (malachite) blebs after primary chalcocite/bornite. Mineralization occurs within and near the sheared contact between conglomerate and rhyolite.Barry Greene, VP of Property Development and Director of TRU, commented: \"We have been diligently completing geochemical, geological and geophysical surveys over the past year and now feel ready to test a number of these targets where our combined data is leading us. Given the location of these targets along the Cape Ray-Valentine Lake structural corridor, which hosts proven gold deposits on adjacent claims, we are delighted to have broken ground.\"Figure 1 - Two Key Target Drilling Areas - Jacob's Main and Jacob's TwinTo view an enhanced version of Figure 1, please visit:https://images.newsfilecorp.com/files/5993/132802_aed5ebd7943aaadc_001full.jpgFigure 2 - 2022 Jacob's Twin IP Chargeability Anomaly and Rock SamplesTo view an ...