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TRU Precious Metals Encounters Gold in First Two Drillholes at its 100%-Owned Twilite Gold Project
Fredericton, New Brunswick--(Newsfile Corp. - August 18, 2021) - TRU Precious Metals Corp. (TS...
About this update from Tru Precious Metals Corp.
[{"type":"text","content":"TRU Precious Metals Encounters Gold in First Two Drillholes at its 100%-Owned Twilite Gold ProjectFredericton, New Brunswick--(Newsfile Corp. - August 18, 2021) - TRU Precious Metals Corp. (TSXV: TRU) (OTCQB: TRUIF) (FSE: 706) (\"TRU\" or the \"Company\") is pleased to announce, further to its press release on July 7, 2021, initial assays from the first two holes of the 12 hole, Phase 1 diamond drilling program at its 100%-owned Twilite Gold Project in Central Newfoundland (\"Twilite Gold''). Drilling focused on a previously identified target that the Company has now dubbed the \"Fort Knox Gold Zone\".Highlights from drill holes TL-21-16 and TL-21-17 include:Drilling confirms continuity of the gold zone 30 metres (m) down-dip from historic drill hole TL-99-14 and 70m down dip from historic hole TL-99-15, with similar grades and thickness. Some of the best intercepts include 11.5m with 1.03 grams per tonne (g/t) of gold (Au) in hole TL-21-17, and 10.5m with 1.07 g/t Au in hole TL-21-16.The gold zone is open downdip on these sections and along strike to the northwest, where no previous drilling has been done.Two gold zones have been encountered in hole TL-21-17, enveloping a black quartz breccia and at the sheared contact between the breccias and underlying graphitic sediments.The drill program also confirmed the northwest trend of the mineralization, directly associated with a shear zone outlined by geophysics as a prominent detailed magnetic low that is continuous for at least 600m. The 600m detailed magnetic low is part of a regional structural break that has been outlined for approximately 7 kilometres by airborne magnetics on Twilite Gold. Regional till geochemistry has previously indicated a gold plus multi-element NNW anomalous trend coincident with the structural break. Only 200m of the shear zone at Twilite Gold has been tested by drilling to date, with results pending for 10 additional diamond drill holes.Barry Greene, VP of Property Development and Director of TRU, commented: \"We are delighted to see the continuity and expansion of the northwest trending Fort Knox Gold Zone successfully intersected in drill holes TL-21-16 and TL-21-17, and that the zone is wide open for potential further expansion. Since there has never been any drilling completed to the northwest beyond these holes, it becomes an obvious target area f...