Business
TRU Precious Metals Announces Corporate Strategy Update
Fredericton, New Brunswick--(Newsfile Corp. - June 15, 2021) - TRU Precious Metals Corp. (TSXV...
About this update from Tru Precious Metals Corp.
[{"type":"text","content":"TRU Precious Metals Announces Corporate Strategy UpdateFredericton, New Brunswick--(Newsfile Corp. - June 15, 2021) - TRU Precious Metals Corp. (TSXV: TRU) (OTCQB: TRUIF) (FSE: 706) (\"TRU\" or the \"Company\") wishes to provide the following updates and details regarding its corporate strategy.The Company is unveiling its corporate strategy for the 2021 calendar year, called \"TRU Vision 2021\", which is to build shareholder value by exploring and developing and, when opportune, consolidating the Cape Ray - Valentine Lake Shear Zone (the \"Shear Zone\") and the Appleton Fault.TRU Co-Founder and CEO Joel Freudman explained: \"As the field becomes increasingly crowded in the Central Newfoundland Gold Belt, both figuratively and literally, we need to continue distinguishing TRU to the market, and TRU Vision 2021 is our overarching path forward. We believe we will accomplish this through a concerted effort to identify discoveries at our properties, and at the corporate level through relentless execution and delivering on the guidance we provide to the market as best we can. In addition, over time we also believe it will prove to be a sustainable competitive advantage to cement a meaningful presence on the Shear Zone and/or the Appleton Fault.\"Figure 1: TRU Property MapTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/5993/87560_f9bc947694b928b9_001full.jpgThe Shear Zone is a deposit-bearing geological corridor that runs diagonally, from southwest to northeast, through the Central Newfoundland Gold Belt. It hosts two sizable known gold deposits, namely the Matador Mining Cape Ray deposit and the Marathon Gold Valentine Gold deposit, between which is located the Company's flagship property, the Golden Rose Project. Further up the Shear Zone the Company has its Twilite Gold Project, where drilling is currently underway (see press releases dated June 1 and June 8, 2021).The Appleton Fault is a fault line that runs north to south through the Central Newfoundland Gold Belt, and along which is located the Keats Zone at New Found Gold's Queensway Project, which has yielded extremely high-grade drilling results. The Company's Gander West Property is only 16 kilometres northwest of the Keats Zone, and the Company's Rolling Pond Property shares a border with the Queensway Project in the southwest. TR...