Fredericton, New Brunswick – October 8, 2021 (Newsfile Corp.) (Investorideas.com Newswire) TRU Valuable Metals Corp. (TSXV: TRU) (OTCQB: TRUIF) (FSE: 706) (“TRU” or the “Firm”) is happy to announce the remaining assays from its 12-hole, Part 1 diamond drilling program at its 100%-owned Twilite Gold Challenge within the Central Newfoundland Gold Belt (“Twilite Gold”).
Highlights embody the intersection of 1.00 grams per tonne (g/t) gold over 2 metres (m) in borehole TL21-27. Total, the drill program efficiently prolonged the identified Fort Knox gold zone alongside strike and down dip and offered precious geological data to assist vector future drill applications in extending the zone.
Barry Greene, VP of Property Growth and Director of TRU, commented: “The shear zone, which hosts the Fort Knox gold zone, shows widespread hydrothermal brecciation with silica, sericite and carbonate alteration all through the newest drill holes. Mineralization comprising pyrite, stibnite and arsenopyrite can be persevering with. Though diminishing to the southeast, the gold zone stays open to the northwest past gap TL21-17, the place the zone is widening, and the gold grades are bettering each at depth and alongside pattern within the northwest path. We now have gold intercepts equal to or better than 1 g/t gold in 5 of the ten holes accomplished on this drill program.”
Drilling High quality Assurance/High quality Management (“QA/QC”)
All NQ core is sampled, lower by core noticed, and break up by Firm personnel, and put into luggage with distinctive pattern tags for identification. The luggage are sealed with a safety tag and are then transported on to the lab by TRU employees. All rock samples are analyzed at Japanese Analytical Ltd. (“Japanese Analytical”) of 403 Little Bay Street, Springdale, NL, a industrial laboratory that’s ISO/IEC 17025 accredited and impartial of TRU. Japanese Analytical pulverized 1000 grams of every pattern to 95% < 89 μm. Samples are analyzed utilizing fireplace assay (30g) with AA end and an ICP-34, 4 acid digestion adopted by ICP-OES evaluation. All samples with seen gold or assaying above 1.00 g/t gold are additional assayed utilizing metallic display to mitigate the presence of the nugget impact of coarse gold. Requirements and blanks are inserted at outlined intervals for QA/QC functions by the Firm in addition to Japanese Analytical. The TRU exploration program design is in line with trade finest practices and this system is carried out by certified individuals using a QA/QC program in line with Nationwide Instrument 43-101.
Certified Particular person
Barry Greene, P.Geo. (NL) is a certified particular person as outlined by Nationwide Instrument 43-101 and has reviewed and accredited the contents and technical disclosures on this press launch. Mr. Greene is a director and officer of the Firm and owns securities of the Firm.
About TRU Valuable Metals Corp.
TRU has assembled a portfolio of gold exploration properties within the extremely potential Central Newfoundland Gold Belt. The Firm has an possibility with a subsidiary of TSX-listed Altius Minerals Company to buy 100% of the Golden Rose Challenge, situated alongside the deposit-bearing Cape Ray – Valentine Lake Shear Zone. TRU additionally owns 100% of the Twilite Gold Challenge, situated alongside the identical Shear Zone, and earlier-stage properties within the area. TRU’s frequent shares commerce on the TSX Enterprise Change underneath the image “TRU,” on the OTCQB Enterprise Market underneath the image “TRUIF,” and on the Frankfurt trade underneath the image “706.”
TRU is a portfolio firm of Resurgent Capital Corp. (“Resurgent”), a service provider financial institution offering enterprise capital markets advisory companies and proprietary financing. Resurgent works with promising public and pre-public micro-capitalization corporations itemizing on Canadian inventory exchanges. For extra data on Resurgent and its portfolio corporations, please go to Resurgent’s web site at https://www.resurgentcapital.ca/.
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TRU wish to thank the Authorities of Newfoundland and Labrador for monetary help of the Twilite Gold Challenge by the Junior Exploration Help Program. TRU has been accredited for funding for a portion of its 2021 exploration actions on the Twilite Gold Challenge.
Cautionary Statements Relating to Ahead-Wanting Info
Neither TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.
This press launch incorporates sure forward-looking statements, together with these referring to future exploration at Twilite Gold. These statements are based mostly on quite a few assumptions relating to Twilite Gold and the Firm’s exploration and drilling plans which are believed by administration to be affordable within the circumstances, and are topic to plenty of dangers and uncertainties, together with with out limitation: mineralization hosted on adjoining and/or close by properties just isn’t essentially indicative of mineralization hosted on Twilite Gold; the exploration potential of Twilite Gold and the character and magnificence of mineralization at Twilite Gold; dangers inherent in mineral exploration actions and operational issues referring to drilling; volatility in treasured metals costs, monetary markets, and financial circumstances; and people different dangers described within the Firm’s steady disclosure paperwork. Precise outcomes might differ materially from outcomes contemplated by the forward-looking statements herein. Traders and others ought to fastidiously think about the foregoing elements and shouldn’t place undue reliance on such forward-looking statements. The Firm doesn’t undertake to replace any forward-looking statements herein besides as required by relevant securities legal guidelines.
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