Business
TRU Announces Commencement of Drilling at Golden Rose
TORONTO, ON / ACCESS Newswire / May 6, 2025 / TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF...
About this update from Tru Precious Metals Corp.
[{"type":"text","content":"TRU Announces Commencement of Drilling at Golden RoseTORONTO, ON / ACCESS Newswire / May 6, 2025 / TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF)(FSE:706) (\"TRU\" or the \"Company\") is pleased to report that drilling has commenced on an approximate 1,800 metres 2025 diamond drilling program at the Golden Rose Project (\"Golden Rose\"). Golden Rose is strategically located along the gold deposit bearing Cape Ray - Valentine Lake Shear Zones in Central Newfoundland.The target area for the 2025 drilling program is focused upon a portion of the Mark's Pond to Rich House \"exploration fairway.\" (see News Release dated April 03, 2025). This exploration fairway was selected for the 2025 drill program based upon its interpreted prospectivity and to comply with certain drilling commitments required prior to early July 2025 pursuant to the terms of the Option Agreement with Quadro Resources, as modified, on the Staghorn licenses, which comprise part of the exploration fairway. (see News Releases dated June 16, 2022 and August 18, 2022). The Staghorn licenses represent less than 12% of the total Golden Rose licenses area.Concurrently, the Company has recently completed its revised and refined geological and structural property-wide synthesis of Golden Rose and is now advancing an assessment of the outcomes of this work. The completed models identify numerous targets with potential for orogenic gold mineralization across the nearly 300 sq. kilometres (\"km\") land package. This pipeline of quality exploration targets will be validated by field work prior to drilling.TRU CEO Steve Nicol commented: \"We are very pleased to announce the commencement of the 2025 drill program at the Mark's Pond to Rich House exploration fairway which represents the first area to be tested among the multiple prospective targets emerging from our geological and structural site-wide model. I look forward to updating investors on the results of this initial drilling program, and upon our ongoing assessment of other emerging target areas, as results from each become available.\" Figure 1: Initial Exploration Fairway at Golden RoseAbout TRU Precious Metals Corp.TRU (TSXV:TRU, OTCQB:TRUIF, FSE:706) is on a mission to build long-term shareholder value through prudent natural resource property development. The company's flagship project is the Golden Rose Project ...