HENDERSON, Nev., May 22, 2013 /PRNewswire/ -- Trulan
Resources Inc. (OTCPK:TRLR) (the "Company" or "Trulan") reports on
political and economic factors in Chile that further continued investor and
corporate confidence relating to the mining climate in general, and
to the IGP Project in particular.
Chile's well defined mineral
endowment continues to attract significant capital investment
primarily due to the capability of its existing infrastructure
enabling products to access markets, the capacity of its human
capital resources and its stable political and economic systems. A
recent report issued by Behre Dolbear Group Inc. – which has
compiled annual political risk assessments of the key players in
the global mining industry since 1999 – Placed Chile behind only
Australia and Canada as the best mining jurisdictions that
reflect conditions that promote investment growth in the mining
sector.
The economy of Chile is one of
the most stable and prosperous in South
America with the highest GDP per capita in Latin America. Mining is one of the pillars of
Chile's economy and the government
strongly supports foreign investment in the sector, and has for
decades worked to modify its mining industry laws and regulations
to create a favorable investing environment for foreigners. Because
mining is a key component of all economic activity in Chile, representing more than 20% of its GDP
and generating direct employment for approximately 110,000 people
and indirect employment to more than 500,000, it is a highly
desired jurisdiction in which to do business and invest capital on
an international basis.
During a recent trip to Chile,
Trulan CEO, Robert Rosner took
members of a private equity group to the site of the Company's
Iron-Gold-Platinum project and stated, "Because mining is so
important to the economic well being of Chile, it is much easier to attract the
necessary investor capital to take a property from the discovery
stage into production. The government understands the positive
correlation between the country's increasing wealth and the
prosperity of its mining industry."
Gold is of particular interest in Chile recently and gold exploration activity
is projected to see 200% to 300% growth in the next five years.
This bodes extremely well for Trulan, from an investment
standpoint, seeing as the Company recently announced an in-situ
resource of 1,764,112 oz/au contained in four known ore bodies
on the IGP property, with extensive ongoing exploration potential
in untested zones.
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 SHALLTHERE 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.