HENDERSON, Nev., May 20, 2013 /PRNewswire/ -- Trulan
Resources Inc. (OTCPK:TRLR) (the "Company" or "Trulan") reports on
further corporate developments relating to the IGP Project in
Chile.
During a recent trip to Chile,
Trulan CEO, Robert Rosner hosted
members of a private equity group at the site of the Company's
Iron-Gold-Platinum project in the Coquimbo region of central
Chile. The purpose of the site
visit was to show the potential investors the scope of the project
on the ground and how the infrastructure development process would
progress through the various stages of implementation.
The visit was the second stage of the group's due diligence
process that began in March. Following a preliminary review of the
technical reports that outlined the ore reserves of the IGP
Project, the investor group initiated an analysis and assessment of
the complete data package that determined the IGP to be
economically feasible to mine and process.
Intrinsic to such a comprehensive audit process is a thorough
understanding of the property and how the mining operation will be
engineered and built for optimum efficiency. As a result, Trulan
considers this private equity group not simply as potential
investors in the project but as true development partners with the
ability to contribute time and expertise on a variety of
operational levels.
Also attendant to the ongoing due diligence of the investor
group is the determination of a qualified outside geological and
engineering consulting team that will provide strong management
implementation of the project. The Company has initiated discussion
with a number of competent and accomplished individuals and hopes
to make a determination as to who constitutes the best fit in the
near future.
Said Mr. Rosner, "We have seen a significant time investment
through the ongoing due diligence process by a private equity fund
that we would very much like to move forward with. So far both
parties are happy with the progress that has been made look forward
to arriving at a mutually beneficial working relationship."
About Trulan's IGP-Iron-Gold-Platinum Project
Trulan recently entered into an agreement to acquire a 100%
interest in the IGP Iron-Gold-Platinum Project ("IGP" or the
"Project") in the IV Region – Region de Coquimbo – of Chile. The relatively small region has a long
history of mining and several operations are currently in
production, including the Los Pelambres Deposit, which is the
world's fifth largest copper mine.
The IGP Project totals 885 Hectares (2,186 Acres) of wide spread
mineralization and ore bodies that contain high grades of Iron,
Gold, Platinum and high value industrial minerals. There are eight
known deposits in close proximity which have been tested to the
point where an Indicated Ore resource has been delineated. The IGP
comprises of four ore bodies with an Indicated Reserve in excess of
247 Million Metric Tons. Each of the four deposits have not been
fully tested to determine ultimate size and they all remain open on
all sides and at depth. Further exploration beyond the zones
outlined to date is needed to realize the full extent of the
mineralization and total size of the Ore bodies.
Trulan Resource's Mission is the exploration and development of
mining properties whose economic potential is considered to be
extensive, while requiring minimal infrastructure and operational
costs, that can be advanced in an environmentally responsible
manner.
This news release was prepared on behalf of the Board of
Directors, which accepts full responsibility for its contents. For
more information please contact Corporate Relations at 702-430-4690
or info@trulanresources.com
Robert
Rosner
President & CEO
Forward-looking Statement:
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS," AS THAT
TERM IS DEFINED IN SECTION 27A OF THE
UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND
SECTION 21E OF THE UNITED STATES
SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS
NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING
STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS,
EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.EXCEPT FOR THE
HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS
NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO
CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO
DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR
ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS
THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE
PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS "ESTIMATE,"
"ANTICIPATE," "BELIEVE," "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS
ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES FOR THE
COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH
MINERAL EXPLORATION AND FUNDING AS WELL AS THE RISKS SHOWN IN THE
COMPANY'S MOST RECENT ANNUAL AND QUARTERLY REPORTS FILED AND
PUBLISHED ON WWW.OTCMARKETS.COM, RESPECTIVELY, AND FROM
TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE
COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY
APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL
REQUIREMENTS AND THE COMPANY'S ABILITY AND LEVEL OF SUPPORT FOR ITS
EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE
THAT THE COMPANY'S EXPLORATION EFFORTS WILL SUCCEED AND THE COMPANY
WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING
STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE
COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING
STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD
DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS.
ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS
AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE
CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR
INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL
OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE
RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC REPORTS FILED AND
PUBLISHED FROM TIME-TO-TIME ON WWW.OTCMARKETS.COM THIS NEWS RELEASE
HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL
RESPONSIBILITY FOR ITS CONTENTS. NO SECURITIES REGULATORY AUTHORITY
HAS APPROVED OR DISAPPROVED OF THE CONTENTS OF THIS NEWS RELEASE.
THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE
SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF
THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER,
SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR
QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH
JURISDICTION.
SOURCE Trulan Resources Inc.