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TRU Precious Metals Completes Granting of Golden Rose Option to Eldorado Gold
TORONTO, ON / ACCESSWIRE / August 22, 2024 / TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF)(F...
About this update from Tru Precious Metals Corp.
[{"type":"text","content":"TRU Precious Metals Completes Granting of Golden Rose Option to Eldorado Gold TORONTO, ON / ACCESSWIRE / August 22, 2024 / TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF)(FRA:706) (\"TRU\" or the \"Company\") is pleased to announce that, further to its news release dated July 30, 2024, it has now received an outstanding drill permit and accordingly has satisfied all pre-conditions to the definitive earn-in agreement (the \"Option Agreement\") transaction with Eldorado Gold Corporation (TSX: ELD, NYSE: EGO) (\"Eldorado\"). Pursuant to the Option Agreement, Eldorado has been granted the exclusive option (the \"Option\") to earn an 80% ownership interest in TRU's Golden Rose Project (\"Golden Rose\"), strategically located along the gold deposit-bearing Cape Ray - Valentine Lake Shear Zone in Central Newfoundland.TRU CEO Steve Nicol commented: \"We are delighted to welcome Eldorado, a gold producer with global operations, as a strategic partner to TRU. The TRU team is eager to drive exploration efforts forward and we look forward to a successful collaboration with Eldorado to unlock the potential of the project.\"Additional terms of the Option Agreement can be found in the Company's news release dated July 30, 2024. A copy of the Option Agreement will be filed under TRU's SEDAR+ profile at www.sedarplus.ca. The description of the Option Agreement contained herein is qualified by the complete text of the Option Agreement.About Eldorado Gold Corp.Eldorado is a gold and base metals producer with mining, development and exploration operations in Türkiye, Canada and Greece. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).About 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 and transactions. TRU is exploring for gold and copper in the highly prospective Central Newfoundland Gold Belt on its 100%-owned Golden Rose Project, a regional-scale 264.25 km2 land package including 45 km of strike length along the deposit-bearing Cape Ray - Valentine Lake Shear Zone, directly bet...