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TRU Precious Metals Contracts Simcoe Geoscience for IP Survey at Golden Rose Project
Toronto, Ontario--(Newsfile Corp. - February 9, 2022) - TRU Precious Metals Corp. (TSXV: TRU) ...
About this update from Tru Precious Metals Corp.
[{"type":"text","content":"TRU Precious Metals Contracts Simcoe Geoscience for IP Survey at Golden Rose ProjectToronto, Ontario--(Newsfile Corp. - February 9, 2022) - TRU Precious Metals Corp. (TSXV: TRU) (OTCQB: TRUIF) (FSE: 706) (\"TRU\" or the \"Company\") is pleased to announce that it has retained Simcoe Geoscience Limited (\"Simcoe\") to conduct an Induced Polarization (\"IP\") survey at the Company's flagship Golden Rose Project (\"Golden Rose\") in the Central Newfoundland Gold Belt, scheduled to commence later this month. The Company is also providing an interim update on the delay in receiving drill results from its winter 2021 drilling program at Golden Rose. Golden Rose is a regional-scale land package covering approximately 236 square kilometres (km2) in the Central Newfoundland Gold Belt, including approximately 45 km of strike length along the deposit-bearing Cape Ray -Valentine Lake Shear Zone between Marathon Gold Corp.'s Valentine Gold Project to the northeast and Matador Mining Ltd.'s Cape Ray Gold Project to the southwest.Winter 2021 Drillhole Assays UpdateTRU reported results from 2 drillholes in its press release dated January 11, 2022, and is still awaiting assay results from the remaining 20 of the 22 drillholes from its recent approximately 4,100 metre drill program at Golden Rose. TRU has not yet received any further results to report at present. The Company continues to await all outstanding assays, including those from 3 holes containing visible gold at the Woods Lake Gold Zone, as well as holes at the King George IV lake area where the Company discovered a new quartz-pyrite-chalcopyrite (copper) stockwork system. The sole assay lab in Newfoundland is currently experiencing a longer than usual turnaround time for analytical results, sometimes resulting in delays of up to several months, due to Covid and the increased demand from rapidly expanding local mineral exploration. TRU is looking at ways to expedite receiving results from submitted samples, and in any case continues to expect to receive results in batches on a rolling basis over the coming weeks and months, which will be reported in a timely manner as they are received. Simcoe IP SurveyTRU will be deploying Simcoe's next-generation wireless, high-definition Alpha IP™ technology at Golden Rose. The IP survey will cover newly defined plus underexplored historical g...