TRU Precious Metals Corp. (TSXV:TRU, OTCQB:TRUIF) (“TRU” or the “Company”) is pleased to announce that its copper-focused exploration program at its Golden Rose Project (“Golden Rose”) in Western-Central Newfoundland is underway. As previously announced on April 18, 2024, exploration will be focused on the critical minerals associated with the deposit-bearing Cape Ray – Valentine Lake Shear Zone, with the view to developing a deeper understanding of the overall critical minerals potential at Golden Rose, and ideally to identifying drill targets for such minerals.
While special emphasis is on copper exploration (“Cu”), the program will also investigate other critical minerals occurrences hosting nickel (“Ni”) and zinc (“Zn”), which have been identified in previous exploration activities carried out by the Company.
Exploration work will include prospecting, grab (rock) sampling, reconnaissance soil sampling and trenching over interpreted critical minerals anomalies determined through previous work by TRU, historical data compilation, and recently acquired high resolution satellite and remote sensing data over the entire property. Many of the planned target areas have had limited exploration to date as Golden Rose is a historically underexplored asset.
Target areas for the exploration program will include locations for which exploration in 2021-2023 identified critical mineral anomalies in soils, rock samples and drill core. These areas include: Jacob’s Pond (up to 3.42% Cu), Jacob’s Twin (up to 11.0% Cu), Jacob’s West (up to 1,094 ppm Cu in soils), Glenn’s Prospect (up to 7.6% Cu), King George IV (up to 0.66% Cu and 1.33% Zn) and Bear Pond (up to 409 ppm Ni) (see Figure 1). The exploration program will also test a number of new opportunity areas which have been identified.
Figure 1: Golden Rose – Location of Main Critical Mineral Anomalies
TRU Co-Founder and CEO Joel Freudman commented: “Our exploration season has begun, and we are excited to continue advancing the potential at Golden Rose for additional copper, zinc and nickel discoveries, in addition to the heightened prospectivity for gold. Our top objective for this program, which will be eligible for enhanced government funding, is to hone in on potential critical minerals drill targets, which could supplement the gold-oriented drill program we are preparing for internally. We look forward to evaluating the incoming data from the field program and sharing the results with the market.”
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