Trueclaim Exploration Inc. ("Trueclaim") (TSX VENTURE: TRM)(OTCQX:
TRMNF) recently completed the Phase II Drilling Program on the
Scadding Mine-site. We are pleased to provide an update on the
drilling progress made at the Scadding Mine-site since its
acquisition.
There are currently five gold-bearing zones known in the
vicinity of the Scadding Mine-site; the North Zone, South Zone,
Central Zone, Currie Rose New Zone and the E-W Pit. All of the
zones other than the Central zone have been drilled by Trueclaim
between the autumn of 2009 and the present. The Central zone was
mined underground in the late 1980s. Poor documentation of the
underground workings has made it difficult to plan holes that will
miss the underground workings. Environmental work is currently
underway to prepare for an application for a permit to de-water the
workings. This will allow Trueclaim to have the workings properly
surveyed and mapped with the potential to drill from underground
once re-opened.
SRK Consultants (Canada) Inc. ("SRK") was involved in the Phase
II drilling program. SRK helped plan the delineation holes in the
North Zone and reviewed the drill core from the previous programs.
SRK recommended that Trueclaim drill a series of oriented holes to
determine the trend of the mineralization. The advice was followed
and oriented holes were drilled in the North Zone, South Zone and
at the E-W Pit. Interestingly, all zones trend the same direction
and changed historical ideas of the overall structure of the
property. This is a very significant step in attempting to define
continuity between the zones.
North Zone
In 2009 exploration work included a Phase I 2,000 metre drill
program. Three initial drillholes were located in the North Zone to
assess the nature of the mineralization. Without the technology of
Surpac, a 3D modeling program and only historical data, the best
interval in the north was 2.0m at 3.2 g/t. After the zone had been
modeled in 3D it was evident that the holes drilled in 2009 had
just pierced the north eastern edge of the mineralized zone and
there was extensive work to be done in the future. After the 2011
oriented drilling, whereby the orientation of the North Zone was
determined to be striking 310 degrees, the three holes from 2009
oriented at 315 degrees were understood to have been drilled
parallel to bands of chlorite rather than across the bands.
The success of Trueclaim's 2010 drilling program was due, in
part, to the 3D modeling program, Surpac. Geologist Lindsay Moss,
B.Sc. P.Geo. modeled the zones based on historical drill logs
compiled from assessment reports. The 3D model allowed on-site
geologists to easily visualize the nature of the chlorite zones to
better target the mineralization. In 2010 the most significant
intersection of the exploration drill program was 19.2m at 12.9 g/t
from drillhole TRM-10-07, however many other noteworthy
intersections were drilled during this program including 9.0m at
2.9g/t and 4.0m at 9.6 g/t.
In January 2011 the Phase II drilling program commenced. In
order to use the planned meterage most efficiently, oriented
drilling was initiated on the property. Drillholes TRM-11-11 to
TRM-11-16 were designed to intersect mineralization in order to
collect structural measurements from the core as suggested by Ivo
Vos, Ph.D., P.Geo. The oriented drilling revealed that the bands of
chlorite were striking southeast and dipping moderately towards the
southwest. The best intersection from the oriented drilling was
13.0m at 1.9g/t in drillhole TRM-11-16. From the positive results
and consistent data obtained during orientation drilling a
wide-spaced delineation program was planned to assess the width of
the North Zone. Due to the distance between drillholes, only four
of the holes intersected the modeled zone. From the delineation
drilling it has been determined that the zone does not continue
along strike to the southeast or the northwest but does plunge
further to the southwest then previous predicted. More concentrated
infill drilling is planned for the future to determine the extent
of the north zone. Below is a list of significant gold values
obtained in the North Zone drilling:
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From To Interval Grade
Hole ID (m (ft)) (m (ft)) (m (ft)) (g/t)
--------------------------------------------------------------------------
TRM-09-03 79.7 (261.4) 80.4 (263.7) 0.7 (2.3) 2.5
TRM-09-03 89 (291.9) 89.9 (294.8) 0.9 (2.9) 2.8
TRM-09-03 99.0 (324.7) 101.0 (331.3) 2.0 (6.6) 3.2
TRM-09-04 85.6 (280.8) 86.7 (284.4) 1.1 (3.6) 7.0
TRM-09-05 89.4 (293.2) 89.9 (294.9) 0.5 (1.7) 55.0
TRM-10-01 19.0 (62.3) 20.0 (65.6) 1.0 (3.3) 2.8
TRM-10-02 30.0 (98.4) 34.0 (111.5) 4.0 (13.1) 9.6
TRM-10-06 70.0 (231.0) 72.0 (237.6) 2.0 (6.6) 22.3
TRM-10-06 96.0 (316.8) 100.0 (330.0) 4.0 (13.1) 2.3
TRM-10-07 52.4 (171.9) 71.6 (234.8) 19.2 (62.9) 12.9
TRM-10-07 94.4 (309.6) 95.9 (314.5) 1.5 (4.9) 1.1
TRM-10-07 98.0 (323.4) 98.9 (326.4) 0.9 (3.0) 3.9
TRM-10-07 110.2 (363.6) 112.0 (369.6) 1.8 (5.9) 25.6
TRM-10-10 41.0 (135.3) 43.7 (144.2) 2.6 (8.9) 4.5
TRM-10-10 50.0 (165.0) 59.0 (194.7) 9.0 (29.7) 2.9
TRM-10-10 61.0 (201.3) 62.0 (204.6) 1.0 (3.3) 1.3
TRM-11-11 46.1 (151.2) 56.0 (183.7) 9.9 (32.5) 1.4
TRM-11-12 32.0 (105.0) 38.0 (124.7) 6.0 (19.7) 2.8
TRM-11-12 63.6 (208.6) 68.0 (223.0) 4.4 (14.4) 0.7
TRM-11-13 97.0 (318.2) 99.0 (324.8) 2.0 (6.6) 0.4
TRM-11-14 61.0 (200.1) 66.0 (216.5) 5.0 (16.4) 2.4
TRM-11-14 99.6 (326.6) 100.1 (328.3) 0.5 (1.7) 5.9
TRM-11-14 104.7 (343.5) 113.0 (370.7) 8.3 (27.2) 1.4
TRM-11-15 10.0 (32.8) 16.6 (54.5) 6.6 (21.7) 1.0
TRM-11-15 30.0 (98.4) 40.0 (131.2) 10.0 (32.8) 3.5
TRM-11-16 38.5 (126.3) 51.5 (169.0) 13.0 (42.7) 1.9
TRM-11-30 84.0 (275.6) 87.3 (286.4) 3.3 (10.8) 5.8
TRM-11-31 62.0 (203.4) 65.7 (215.6) 3.7 (12.2) 1.9
TRM-11-31 76 (249.3) 79 (259.1) 3.0 (9.8) 3.7
TRM-11-36 40.0 (131.2) 41.0 (134.5) 1.0 (3.3) 1.1
TRM-11-36 51.0 (167.3) 53.0 (173.9) 2.0 (6.6) 1.5
TRM-11-39 122.3 (401.1) 127.5 (418.3) 5.2 (17.2) 2.4
TRM-11-39 137.5 (451.0) 140.1 (459.5) 2.6 (8.5) 1.1
TRM-11-39 153.0 (502.0) 158.0 (518.4) 5.0 (16.4) 0.7
TRM-11-40 41.6 (136.6) 42.6 (139.9) 1.0 (3.3) 4.3
TRM-11-40 143.2 (469.8) 152.0 (498.7) 8.8 (28.9) 0.9
TRM-11-44 122.5 (401.9) 124.0 (406.8) 1.5 (4.9) 1.9
TRM-11-46 46.0 (150.9) 49.0 (160.7) 3.0 (9.8) 2.2
--------------------------------------------------------------------------
South Zone
Prior to Trueclaim's work, the South Zone had only been
intersected by one drillhole in 1979. W35 intersected two zones,
12.8m at 9.34g/t and 4.0m at 2.28g/t. In 2009 Trueclaim drilled an
interval of 10.1m at 3.5g/t. This drillhole was significant in that
it allowed Trueclaim to see the potential of the South Zone. Five
other holes were drilled in the South Zone during 2009.
In 2010, only one hole was drilled in the South Zone during the
Phase I drill program. There was a significant amount of fractured
rock in the area due to historical blasting which caused difficulty
in drilling and inhibited more holes from being drilled in this
zone.
In 2011, the Phase II drilling program started with new
information and more-experienced drillers in the South Zone. Holes
TRM-11-01 to TRM-11-10 were successful in intersecting mineralized
chlorite. The most significant drillhole was TRM-11-10; it
indicated continuity between the Central Zone and the South Zone
through very visually similar mineralization from both zones, and
was located 30m from the underground ramp. TRM-11-10 graded 15.8m
at a grade of 5.4g/t. Other highlights of the drilling were 19.0m
at 2.5g/t and 10.0m at 1.2g/t. While drilling oriented core, 4
holes (TRM-11-26 to TRM-11-29) were drilled in the South Zone to
establish the orientation of the chlorite units in this zone.
Compiled data revealed that the South Zone was trending
consistently with other zones on the property. TRM-11-28A
intersected a zone of 9.44m at 2.5g/t. (Note: The letter "A" behind
the drillhole ID was assigned because multiple holes were drilled
from the same setup.) The encouraging results from the South Zone
have initiated planning of delineation drilling.
--------------------------------------------------------------------------
From To Interval Grade
Hole ID (m (ft)) (m (ft)) (m (ft)) (g/t)
--------------------------------------------------------------------------
TRM-09-02 26.9 (88.8) 37.0 (122.1) 10.1 (33.3) 3.5
TRM-09-02 42.9 (141.6) 43.5 (143.6) 0.6 (2.0) 3.9
TRM-09-06 69.1 (228.0) 70.0 (231.0) 0.9 (3.0) 27.9
TRM-09-07 33.7 (111.2) 35.0 (115.5) 1.3 (4.3) 2
TRM-09-07 46.5 (153.5) 47.5 (156.8) 1.0 (3.3) 2.1
TRM-09-09 16.0 (52.8) 17.0 (56.1) 1.0 (3.3) 2.4
TRM-10-11 52.8 (174.2) 54.0 (178.2) 1.2 (4.0) 11.2
TRM-10-11 70.0 (231.0) 71.0 (234.3) 1.0 (3.3) 3.2
TRM-11-01 3.0 (9.9) 7.0 (23.1) 4.0 (13.2) 3.0
TRM-11-02 16.0 (52.5) 26.0 (85.3) 10.0 (32.8) 1.2
TRM-11-02 47.0 (154.2) 52.0 (170.6) 5.0 (16.4) 2.3
TRM-11-03 17.5 (57.4) 18.5 (60.7) 1.0 (3.3) 1.1
TRM-11-03 32.0 (105.0) 51.0 (167.3) 19.0 (62.3) 2.5
TRM-11-06 45.2 (148.4) 46.0 (150.9) 0.8 (2.5) 7.8
TRM-11-06 59.7 (197.0) 60.8 (200.6) 1.1 (3.6) 1.0
TRM-11-08 49.0 (160.8) 50.0 (164.1) 1.0 (3.3) 5.4
TRM-11-09 27.0 (88.6) 28.0 (91.9) 1.0 (3.3) 7.3
TRM-11-09 47.0 (155.1) 52.0 (171.6) 5.0 (16.5) 2.2
TRM-11-10 21.6 (71.3) 23.0 (75.9) 1.4 (4.6) 1.2
TRM-11-10 53.0 (173.8) 68.8 (225.7) 15.8 (51.9) 5.4
TRM-11-26 42.2 (138.3) 44.73 (146.7) 2.58 (8.46) 3.2
TRM-11-26 56.1 (184.0) 56.59 (185.6) 0.50 (1.63) 1.7
TRM-11-27 44.0 (144.3) 45.48 (149.2) 1.48 (4.9) 1.1
TRM-11-28A 27.4 (89.7) 36.8 (120.7) 9.4 (31.0) 2.5
TRM-11-29 21.8 (71.9) 22.8 (75.2) 1.0 (3.3) 1.3
TRM-11-29 24.0 (78.7) 25.0 (82.0) 1.0 (3.3) 8.9
--------------------------------------------------------------------------
Currie Rose New Zone
The Currie Rose New Zone was first discovered in 1997 by Currie
Rose Resources Inc. There were 4 holes with significant assays
drilled previous to Trueclaim acquiring the property, as shown
below:
--------------------------------------------------------------------------
From To Interval Grade
Hole ID (m (ft)) (m (ft)) (m (ft)) (g/t)
--------------------------------------------------------------------------
CR20 16.8 (55.4) 19.4 (64.0) 26.0 (8.6) 3.3
CR20 27.6 (91.1) 30.7 (101.3) 3.1 (10.2) 17.2
CR25 53.2 (175.6) 59.3 (195.7) 6.1 (20.1) 32.2
CR27 63.3 (208.9) 66.8 (220.4) 3.5 (11.5) 10.3
CR33 48.9 (161.4) 56.5 (186.5) 7.6 (25.1) 5.5
--------------------------------------------------------------------------
The New Zone appears to consist of narrow high-grade seams of
chlorite. In early drilling, Trueclaim obtained values of 47.6g/t
over 1.0m from TRM-09-13 and 94.5g/t over 1.5m from TRM-11-22.
In 2011, during the Phase II drill program, seven successful
holes were drilled in the New Zone. Most notably were TRM-11-22
that graded 94.5g/t over 1.5m and TRM-11-20 grading 21.5g/t over
1m. Following the drilling in the Currie Rose New Zone, Trueclaim
commenced oriented drilling in the E-W Pit and the South Zone. It
was interesting that all zones drilled with oriented core were
trending in the same direction. This supports the idea that the
Currie Rose New Zone is open to the north as well as along strike
to the northwest and southeast. It has been suggested that the
reason the mineralization encountered to date in this zone is
narrow and high grade is because it is on the fringe of a larger
body.
--------------------------------------------------------------------------
From To Interval Grade
Hole ID (m (ft)) (m (ft)) (m (ft)) (g/t)
--------------------------------------------------------------------------
TRM-09-10 15.0 (49.5) 16.0 (52.8) 1.0 (3.3) 1.8
TRM-09-10 22.0 (72.6) 23.0 (75.9) 1.0 (3.3) 1.8
TRM-09-13 66.0 (217.8) 67.0 (221.1) 1.0 (3.3) 47.6
TRM-11-18 52.0 (170.6) 55.7 (182.7) 3.7 (12.1) 12.3
TRM-11-20 63.0 (206.7) 64.0 (210.0) 1.0 (3.3) 21.5
TRM-11-22 31.5 (103.4) 33.0 (108.3) 1.5 (4.9) 94.5
TRM-11-23 53.3 (174.7) 57.5 (188.5) 3.5 (13.8) 1.5
--------------------------------------------------------------------------
East-West Pit
The East-West Pit historically had 34,125 tons grading 8.6g/t
(0.3oz/t) removed by surface mining. The Scadding property was
originally discovered because of mineralization at the East-West
Pit. Drillhole logs for the East-West Zone submitted to government
assessment files by previous operators of the property contain no
assay data, only geological logs.
Due to an initial lack of data and incomplete understanding of
the mineralization in the East-West Pit, no drillholes were put
into it by Trueclaim prior to the Phase II Drill Program because
time was required for trenching and field mapping. In 2011,
following the summer field season, two drillholes were drilled on
the west side of the East-West Pit, TRM-11-24 and TRM-11-25, for
orientation purposes. Later in the Phase II the program the drill
returned to the zone and 3 holes were drilled (TRM-11-46 to
TRM-11-48) to follow up on data acquired from orientation drilling.
One hole was significant and hit a new zone of mineralization
grading 1.4g/t over 10.3m. This drillhole was drilled at the
north-east corner of the pit and oriented towards the northeast,
away from the E-W Pit. Trueclaim geologists are planning on more
drilling to the north of the pit to explore these new findings.
--------------------------------------------------------------------------
From To Interval Grade
Hole ID (m (ft)) (m (ft)) (m (ft)) (g/t)
--------------------------------------------------------------------------
TRM-11-24 54.5 (179.9) 55.1 (181.8) 0.6 (1.9) 1.5
TRM-11-48 98.0 (323.4) 103.0 (339.9) 5.0 (16.5) 4.5
TRM-11-48 128.8 (425.0) 139.0 (458.7) 10.3 (33.7) 1.4
--------------------------------------------------------------------------
It has become evident that oriented-core drilling and 3D
modeling are important tools in advancing the Scadding project. The
oriented-core drilling of the Phase II drilling program was
essential in determining the previously misunderstood orientation
of auriferous chlorite breccia.
Quality Assurance
Trueclaim has implemented a rigorous quality assurance/quality
control program at the Scadding property using best industry
practices and supervised by Ms Lindsay Moss, P. Geo. Independent
third party review will be under taken in the near future.
PROPERTY ACQUISTIONS
As a result of property acquisitions and consolidation, the
Company now holds under option or directly approximately 17,000
hectares (42,000 acres) in The East Wahnapitae Area (inclusive of
the original Scadding mine site and outlying properties) either
directly or under option. The Scadding Township and Davis Township
area has more gold occurrences than any other similar sized area in
the Sudbury Mining District.
We seek safe harbour.
ON BEHALF OF THE BOARD
TRUECLAIM EXPLORATION INC.
John Carter, President
To view the map accompanying this press release please click on
the following link:
http://media3.marketwire.com/docs/TRM0908.pdf
Technical information in this news release has been reviewed by
Ms. Lindsay Moss, P. Geo. and prepared in accordance with Canadian
regulatory requirements as set out in National Instrument 43-101.
Trueclaim's quality control and assurance program includes the
insertion of standards and blanks, the retention of 1/2 of the cut
core that has been sampled, pulps and rejects, and uses a
independent certified lab, Accurassay Laboratories of Thunder Bay,
ON. Samples are sent for fire assay and if warranted for ICP.
Assays of significance are reassayed using screen metallics to
ensure accurate values. Company Management, which takes full
responsibility for content, prepared this news release.
This news release contains "forward-looking information" (within
the meaning of applicable Canadian securities laws) and
"forward-looking statements" (within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995). Such statements
or information are identified with words such as "anticipate",
"believe", "expect", "plan", "intend", "potential", "estimate",
"propose", "project", "outlook", "foresee" or similar words
suggesting future outcomes or statements regarding an outlook. Such
statements include, among others, those concerning the proposed
diamond drilling program. All statements in this news release,
other than statements of historical facts, which address future
production, reserve potential, exploration activities, financing
plans, objectives or goals, and events or developments that the
Company expects, are forward-looking statements. Since
forward-looking statements address future events and conditions, by
their very nature, they involve inherent risks and uncertainties.
Such forward-looking information or statements are based on a
number of risks, uncertainties and assumptions which may cause
actual results or other expectations to differ materially from
those anticipated and which may prove to be incorrect. Assumptions
have been made regarding, among other things, management's
expectations regarding its ability to complete its exploration and
development work as expected. Actual results could differ
materially due to a number of factors, including, without
limitation, operational risks in the completion of the Company's
continued development work, technical, safety or regulatory issues,
market prices, exploitation and exploration successes, continued
availability of capital and financing, and general economic, market
or business conditions. Although the Company believes that the
expectations reflected in the forward-looking information or
statements are reasonable, prospective investors in the Company's
securities should not place undue reliance on forward-looking
statements because the Company can provide no assurance that such
expectations will prove to be correct. Actual results or
developments may differ materially from those projected in the
forward-looking statements, as assay intervals might not
necessarily represent true width. Such risks include expectations
that may be raised by discussing potential mine types and by
comparing the Company's projects to other projects. Also, in order
to proceed with the Company's exploration and acquisition plans,
additional funding is necessary and, depending on market
conditions, this funding may not be forthcoming on a schedule or on
terms that facilitate the Company's plans. Forward-looking
information and statements contained in this news release are as of
the date of this news release and the Company assumes no obligation
to update or revise this forward-looking information and statements
except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) has reviewed or accepts responsibility for the
adequacy or accuracy of this release.
Contacts: Trueclaim Exploration Inc. John Carter President
519-913-8008 1-888-686-1405 (FAX) www.trueclaim.ca
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