TRU
Precious
Metals
Advances
Phase
One Exploration
Program
at Gander West Property
Fredericton,
New Brunswick - May
25,
2021
-- InvestorsHub NewsWire -- TRU Precious Metals
Corp. (TSXV:TRU; OTCQB:TRUIF;
FSE:706) ("TRU" or the
"Company") is pleased to
announce that it has
recently
commenced
its
inaugural
mapping,
soil
sampling, till sampling and prospecting
program at its Gander West exploration
property in Central Newfoundland (the "Gander West
Property" or "Gander West").
The wholly owned Gander West Property consists of 120 claims
covering 3,000 hectares of prospective ground.
The
Grander West Property is
located
near
the Trans-Canada Highway and approximately 16 kilometres (km) from
the Keats zone at
New Found
Gold Corp.'s Queensway
Project, where New Found Gold reported
drill intercepts on May
21, 2021 of 146.2 grams per tonne gold over 25.6
meters.[1]
The Gander West Property is mostly unexplored and is located in the
midst of a well-known gold belt, along a strong NE-SW structural
lineament within a magnetic-low corridor, and immediately south of
a prominent magnetic-high anomaly. High-grade gold occurrences
(>50g/t Au in grab samples) occur in quartz veins 2.5 km
southwest of the Gander West Property.[2]
Additionally, a high-grade gold occurrence known as Little Joanna
occurs approximately 5 km along strike to the northeast. Historic
grab sampling from Little Joanna returned values ranging from
40
parts per billion (ppb)
Au
to 734 g/t
Au.[3]
The local geological features and nearby showings are set out in
the two images below.
Vice President of Property Development of TRU, Barry Greene,
commented, "After the first week of exploration at Gander West,
crews have already collected grab samples of quartz veins
containing sulphide mineralization and have noted the presence of
structural features consistent with a northeast-southwest trending
fault system. This is consistent with our geophysical and
topographic interpretation of a regional scale structural
linear."
The
Gander West Property Overview
[4]
The Gander West Property is already permitted for exploration,
including ground geophysics, geochemical surveys, and
prospecting.
TRU
expects
this
limited
field program to yield valuable geological and geochemical data to
aid in defining targets for
a
more
detailed phase
two
follow-up.
The presence of
high-grade gold occurrences along strike both northeast and
southwest of
Gander West,
elevated lake sediment geochemistry
on the property,
and the prominent topographical and geophysical lineament along the
full 10 km length of the property,
presents a solid model for initial groundwork.
Co-Founder and CEO
of TRU,
Joel
Freudman,
added,
"We believe that Gander West holds exciting potential. Less than a
year ago, we embarked on building a district-scale land package
focusing on the Central Newfoundland Gold Belt.
Today,
we have
multiple properties comprising a commanding portfolio all within
this prolific gold region, and Gander West is one of these
properties. We think the proximity of Gander West to New Found
Gold's bonanza discovery hole is a solid case to begin systematic
early-stage exploration on the property, which has seen barely any
historical work. We are cognizant that an early understanding of
structural geology at Gander West and the broader region will only
benefit us as we prioritize work on our various
projects."
Barry
Greene, P.Geo.
(NL)
is a
qualified person as defined by National Instrument 43-101 and has
reviewed and approved the contents and technical disclosures in
this press release. Mr. Greene is a director and officer of the
Company and owns securities of the Company.
About
TRU
Precious Metals Corp.
TRU has assembled a
portfolio of 5 gold exploration properties in the highly
prospective Central Newfoundland Gold Belt. The Company has
an
option
with a subsidiary of TSX-listed Altius Minerals Corporation to
purchase 100% of the Golden Rose Project, located along the
deposit-bearing Cape Ray - Valentine Lake Shear Zone. TRU also owns
100% of the Twilite
Gold
Project, located along the same Shear Zone, and 3 under-explored
properties including its Rolling Pond Property (under option)
bordering New Found Gold Corp.'s high-grade Queensway Project.
TRU's common shares trade on the TSX Venture Exchange under the
symbol "TRU",
on the
OTCQB Venture Market under the symbol "TRUIF",
and on
the Frankfurt exchange under the symbol "706".
TRU is a portfolio
company of Resurgent Capital Corp. ("Resurgent"), a merchant bank
providing venture capital markets advisory services and proprietary
financing. Resurgent works with promising public and pre-public
micro-capitalization Canadian companies. For more information on
Resurgent and its portfolio companies, please visit Resurgent's
LinkedIn profile at
https://ca.linkedin.com/company/resurgent-capital-corp.
For
further information about
TRU, please
contact:
Joel
Freudman
Co-Founder,
President & CEO
TRU
Precious Metals Corp.
Phone:
(647) 880-6414
Email:
info@trupreciousmetals.com
Website:
www.trupreciousmetals.com
To connect with TRU via social media, below are links:
Facebook
https://www.facebook.com/TRU-Precious-Metals-Corp-100919195193616
Twitter
https://twitter.com/corp_tru
LinkedIn
https://www.linkedin.com/company/tru-precious-metals-corp
YouTube
https://www.youtube.com/channel/UCHghHMDQaYgS1rDHiZIeLUg/
Cautionary
Statements
Neither
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
Information
and
links in this press
release relating to
New Found Gold Corp.'s Queensway
Project and
Little
Joanna are from sources
believed to be reliable, but that have not been independently
verified by TRU. These links are
included in this press release as inactive textual references for
reference purposes only and the information on or connected to
these websites is not part of, or incorporated by reference into,
this press release.
This
press release contains certain forward-looking statements,
including those relating to exploration
at the Gander West
Property and the Company's other mineral exploration
properties. These statements
are based on numerous assumptions regarding the Gander West
Property and the Company's strategy
and plans that are believed
by management to be reasonable in the circumstances, and are
subject to a number of risks and uncertainties, including without
limitation: mineralization hosted on adjacent and/or nearby
properties is not necessarily indicative of mineralization hosted
on the Gander West Property; the exploration potential of the
Gander West Property and the nature and style of mineralization at
the Gander West Property; risks inherent in mineral exploration
activities; volatility in precious metals prices; and those other
risks described in the Company's continuous disclosure documents.
Actual results may differ materially from results contemplated by
the forward-looking statements herein. Investors and others should
carefully consider the foregoing factors and should not place undue
reliance on such forward-looking statements. The Company does not
undertake to update any forward-looking statements herein except as
required by applicable securities laws.