Annuncio • May 13
TRU Precious Metals Corp., Annual General Meeting, Jul 16, 2026 TRU Precious Metals Corp., Annual General Meeting, Jul 16, 2026. Annuncio • Dec 06
TRU Precious Metals Corp. Reports High Grade Gold in Rock Samples Recovery from the Golden Rose Project TRU Precious Metals Corp. reported on high grade gold ("Au") assays from rock sampling and mapping carried out on a section of the company-defined Mark's Pond to Rich House ("MPRH") exploration fairway at its Golden Rose Project ("Golden Rose"). The Golden Rose project is strategically located along the gold deposit-bearing Cape Ray - Valentine Lake Shear Zone in Central Newfoundland. Sampling and mapping were carried out along a 15 metre ("m") wide strip along the north shore of Lake Victoria made possible by unusually low water levels. This strip represents partial exposure of a 4 km stretch along the MPRH exploration fairway; A total of 47 bedrock and float grab samples were collected along the exposed shoreline, with 22 having grades in excess of 0.1 grams per tonne ("g/t") Au, of which 8 returned grades in excess of 30 g/t Au including 4 which returned grades in excess of 100 g/t Au; 12 of the bedrock and float samples contained visible gold ("VG"); A new bedrock occurrence with Rich House type alteration and veining was discovered approximately 1,100 m southwest ("SW") of Rich House; and The exposed north shore provided valuable geological information on what is interpreted to be a portion of a highly prospective structural trend extending through much of the large Golden Rose property. As previously reported, TRU is in the process of rigorously and methodically assessing the project-wide data for Golden Rose, including geological re-evaluation, infill sampling, and field validation with the objective of developing an updated model of mineralization potential across the entire project area. The initial focus is on the M PRH exploration fairway where drilling is being planned. The MPRH exploration fairway is a structural corridor interpreted to be up to 2 kilometres ("km") wide and over 7 km long, stretching from the Mark's Pond gold zone in the southwest to the Rich House showing to the northeast ("NE"). For several kilometres, the MPRH exploration fairways is parallel to the northwest shore of Victoria Lake. The 2024 fieldwork program was assisted by unusually low water levels in Victoria Lake leaving exposed a significant amount of the lake shore and thus uncovering a 15 metre ("m")wide strip along the entire north shore of the lake representing a 4 km stretch of the MPRH exploration fair way. Sampling and mapping were carry out by the TRU geological team along this strip of exposed shoreline. Bedrock samples were taken from siliceous intervals associated with a contact zone exhibiting iron carbonate alteration that can be tracked over an extensive strike length. Individual siliceous intervals extend to a width of up to 4 m, over 10's of metres in length. Many of the float samples collected were from angular boulders suggesting that they may not have been transported very far from the original source. A table of samples that returned in excess of 0.1 g/t from the sampling program is provided below. Sample No. Type Description Visible Gold Au (g/t) Au (g/t) A new bedrock occurrence with Rich house type alteration and veining was found approximately 1,100 m southwest (SW) of Rich House; and 12 of the float samples contained visible gold ("VV"); A new bedrock occurrence withRich House type alteration and veining were discovered approximately 1,100 m northwest shore of Rich House; and The exposure of the exposed north shore provided valuable geological data on what is interpreted to be an additional portion of the large Golden Rose property; and a portion of the large Golden Rose Property. Sampling and Mapping: As previously reported, TRU are in the process of rig rigorously and methodically assessing The project-wide data for GoldenRose, including geological re-eval evaluation, infill sampling, and Field validation with the objective of developing a updated model of mineralization potential throughout the entire project area. Annuncio • Nov 05
TRU Precious Metals Corp. Announces Exploration Program Returns Samples Assaying 3.7% and 3.2% Cu at Golden Rose TRU Precious Metals Corp. provided results from the 2024 field season copper (‘Cu’) exploration program at its Golden Rose Project (‘Golden Rose’) strategically located along the gold deposit-bearing Cape Ray - Valentine Lake Shear Zone in Central Newfoundland. As previously announced, TRU has been conducting a targeted exploration program focused on the critical minerals potential of Golden Rose, with special emphasis on copper. Many of the areas targeted have limited exploration to date as Golden Rose is an historically underexplored asset. The Jacob's Prospect and King George Prospect areas both returned significant copper values (up to 3.7% Cu) while other locations returned numerous anomalous values, upgrading these targets for future work. Highlights from the recently completed program are: At Jacob's Prospect, four samples comprising bedrock and float assayed from 2.0% to 3.7% Cu with numerous other rock samples assaying up to 1% Cu. This has extended the area of known copper potential at this prospect by approximately 2 kilometres (‘km’) to the west-northwest; At King GeorgeProspect, outcrop and angular float grab samples assayed 3.7% and 2.4% Cu; At Glenn's Prospect, outcrop samples returned values up to 0.9 % Cu extending the area of known copper potential by 750 metres (‘m’) to the southwest of the original outcrop reported in 2023; Outcrop and angular float samples with highly promoted copper concentrations have been collected over a 5.5 km strike of the Cape Ray Shear Zone from Glenn's Prospect to Jacob's Prospect, with similar promoted copper concentrations also obtained from outcrop and angular float approximately 14 km further along the same structure to the southwest at King George Prospect; Outcrop samples assaying up to 0.17 % Cu, as well asangular float boulder samples assaying up to 0.15% Cu and 1.4 grams per tonne (‘g/t’) gold (‘Au’) were discovered at the newAnnie Prospect, a previously unexplored area 3.5 km north-northeast of Glenn's Prospect; and Several samples collected across the above-noted prospects also assayed anomalous zinc (‘Zn’) values up to 0.95% Zn. The Cu exploration program comprised prospecting, grab (rock) sampling and reconnaissance soil sampling and was undertaken over areas where previous work identified critical mineral prospectivity and also at locations highlighted by remote sensing work. At Jacob's Prospect (previously known as Jacob's Pond and Jacob's Twin), results include outcrop and angular float grab samples assaying 3.7%, 3.2%, 2.4% and 2.0% Cu, with numerous other Cu mineralized samples identified over a 1.5 km length and samples assaying up to 0.95% Zn. Rock types identified are mafic volcanics with massive, semi-massive and disseminated sulphide mineralization. Antimony (‘Sb’) grades up to 0.2% Sb are also present. The Cu mineralization is interpreted as being associated with an east-west trending splay off the Cape Ray Shear Zone, with many of the anomalous samples taken from an area 1.4 km north of the 2022 drilling at Jacob's Twin thereby extending the previously known anomalous copper zone significantly to the west-northwest by approximately 2 km. At King GeorgeProspect, results include outcrop and angular float grab samples assaying 3.7% and 2.4% Cu, with up to 0.9% Zn also encountered over an area of approximately 500 m x 500 m. The prospect lies in the area of an extensive geophysical anomaly. Rock types sampled are mafic volcanics with disseminated and fracture fill Cu and Zn mineralization. At Glenn's Prospect, the copper potential is supported by outcrop samples assaying up to 0.9 % Cu in the area surrounding the initial discovery outcrop. Rock types sampled are mafic volcanics and diabase hosting disseminations and fracture filling sulphide mineralization extending up to 750 m southwest of the initial discovery at Glenn's Prospect. At the newAnnie Prospect, located in the Annieopsquotch Mountains, outcrop and angular float boulder samples assayed up to 0.17% Cu and up to 1.4g/t Au. Satellite and remote sensing data had previously indicated the potential for critical mineral prospectivity over parts of the Annieopsquotch Mountains. The discovery of promoted copper values in this area based solely on remote sensing data gives confidence that this data set can be used to identify additional base and precious metals mineralization zones at Golden Rose for future exploration. Results from a soils program at the King George Prospect are pending. Annuncio • Oct 23
TRU Provides Update on Golden Rose Project TRU Precious Metals Corp. provided an update on its Golden Rose Project . In August 2024, the Company completed the granting of an exclusive option to Eldorado Gold Corporation to earn an 80% ownership interest in Golden Rose, strategically located along the gold deposit-bearing Cape Ray Valentine Lake Shear Zone in Central Newfoundland. The financial backing of Eldorado, via the Option, is affording TRU the ability to undertake a detailed review of the potential of Golden Rose. The claims that comprise Golden Rose were consolidated over several years, and TRU is now conducting a project wide exercise to understand and update the discovery potential for gold and other minerals across the 300 sq. km project area. The review will methodically apply geoscience and exploration practices across the entire property package. The objective of the initial step in this methodical process, designed in conjunction with Eldorado, is to extract the maximum information and knowledge from existing project data which will be reassessed and verified, then infilled and updated or improved where required. This work, which has already commenced, includes infill and geochemical sampling, reinterpretation of magnetic survey data, prospecting, re-mapping, and re-examination of drill core. The wealth of information generated from this process will feed into preparation of a revised and refined geological and structural site-wide model, which will be utilized to generate a pipeline of quality drill targets across the property for prioritization and drilling. While it is expected that this rigorous and methodical assessment will result in the identification of multiple targets across the property, it is initially being focused on the northeast-trending `exploration fairway' between the Mark's Pond zone and the Rich House zone.Initial targeting in this area is expected to be completed by early 2025 with drilling planned to commence immediately thereafter. Annuncio • Jul 17
TRU Precious Metals Corp. Commences Copper Exploration Program At Golden Rose TRU Precious Metals Corp. announced that its copper-focused exploration program at its Golden Rose Project 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). The exploration program will also test a number of new opportunity areas which have been identified. Annuncio • Apr 19
TRU Precious Metals Corp. Plans Critical Minerals Summer Exploration Program At Golden Rose Project TRU Precious Metals Corp. announced its intent to carry out an exploration program this spring and summer at its Golden Rose Project in Western-Central Newfoundland. Exploration will assess the critical minerals potential associated with the deposit-bearing Cape Ray Valentine Lake Shear Zone and will be copper -focused. The program will also investigate other critical minerals occurrences hosting nickel and zinc, which have been identified in previous exploration activities carried out by the Company. The objective of the exploration program is to develop a deeper understanding of the overall critical minerals potential at Golden Rose, supplementing the heightened prospectivity of Golden Rose for gold. The program will include prospecting, grab (rock) sampling, reconnaissance soil sampling and trenching over interpreted critical minerals anomalies determined through previous work by the Company, 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. The 2021, 2022 and 2023 exploration seasons identified Cu and other critical minerals anomalies at numerous locations including: · Jacob's Pond, where numerous soil anomalies occur and grab samples assayed up to 3.42% Cu and 2.76 grams per tonne (g/t) gold ("Au"); · Jacob's Twin, where rock samples assayed up to 11.0% Cu, 14.3g/t Au and 368g/t silver ("Ag"), and drill results assayed up to 1.10% Cu, 0.87g/t Au and 46.60g/t Ag over 2.8 metres (m); Jacob's West, an area 750 m to 1.2 kilometres southwest of Jacob's Twin, where abundant Cu and lesser Zn in soil anomalies were identified; · Glenn's Prospect, located 2.9 km northeast along the Cape Ray Shear zone from Cu mineralization at Jacob's Pond and 4 km from Jacob's Twin, where bedrock grab samples assayed up to 7.6% Cu; · The King George IV Lake area, where grab samples assayed up to 0.66% Cu and 1.33% Zn; and · Bear Pond, where 2021 soil sampling identified an area of anomalous Ni with results up to 409 parts per million Ni. Reconnaissance-level government till sampling also returned an assay of 431 ppm Ni in this area. The 2024 exploration program, which will be fully funded from the Company's treasury, will further delineate and assess these anomalies in addition to identifying new opportunities. Copper is the world's third-most used metal and is widely used in construction, electronics, transportation, industrial machinery and equipment, and the medical sector. As a critical mineral, Cu is especially in high demand for the growing electric vehicle ("EV") market. Each EV requires two to four times more Cu than a conventional vehicle and the EV charging stations contain Cu as well. Analysts predict that Cu consumption from green energy sectors will grow five-fold by 2030 due to the growing EV market1. The Company has also scoped a drill program for its gold prospects across Golden Rose and is currently assessing the most advantageous time to undertake the program. Annuncio • Apr 09
TRU Precious Metals Corp. Appoints Steven Agnew to Board of Directors TRU Precious Metals Corp. announced the appointment of Steven Agnew to its Board of Directors (the "Board") as the third and final Board nominee of Ormonde Mining Plc ("Ormonde"), the Corporation's larger shareholder, and as an additional independent director, subject to regulatory approval. Mr. Agnew is currently a Partner of Irwin Lowy LLP, a Toronto-based law firm. Mr. Agnew is a securities lawyer with close to twenty years of experience advising public and private companies on corporate finance, M&A, corporate governance, and regulatory compliance. Mr. Agnew received his Bachelor of Laws in 2005 from the University of Windsor, and a Bachelor of Arts from Bishop's University in 2001. Annuncio • Dec 06
TRU Precious Metals Corp. Announces Further Copper and Gold Assays from Fall 2023 Prospecting at Golden Rose, Including 7.6% Cu and 3.1 a/t Au TRU Precious Metals Corp. announced further gold (Au) and copper (Cu) results from additional prospecting and bedrock sampling conducted on its Golden Rose Project ("Golden Rose") in Central Newfoundland. The fall 2023 prospecting and reconnaissance soil sampling program was focused on the discovery of new gold and critical minerals targets at Golden Rose and guided by recently acquired high resolution satellite and remote sensing data over the entire property. These additional grab sample results continue to prove the rich gold and copper endowment along the highly prospective Cape Ray-Valentine Lake Shear Zones. Technical Summary: TRU recently completed its fall 2023 exploration program and collected a number of bedrock (grab) samples from several locations along the Cape Ray-Valentine Lake Shear Zone with minimal to no historical exploration work. Bedrock samples collected along the CRSZ in the northeastern part of Golden Rose included dark grey to green, strongly chloritized and sheared mafic volcanics with abundant to massive chalcopyrite (varied from 3% to 15%), pyrite (2-3%), and minor malachite producing high grade copper results. Bedrock samples with rusty weathered surfaces collected on the southwestern shore of Victoria Lake along the VLSZ included fine grained meta-sandstone and siltstone with abundant veined pyrite, arsenopyrite, and stringer chalcopyrite. Sampling, QAQC, and Analytical Procedures: For the fall 2023 exploration program, all rock samples were either collected from outcrops (bedrock) or as float samples and put into sample bags with unique sample tags by TRU prospecting and geological staff. The exact location of the collected grab sample was taken using a handheld GPS unit and field notes were taken by TRU staff on lithology, structure, and mineralization. The rock samples were securely transported by TRU staff to Eastern Analytical Ltd.'s (Eastern Analytical) laboratory in Springdale, NL. Eastern Analytical is a commercial laboratory that is ISO/IEC 17025 accredited and independent of TRU. The laboratory pulverized 1,000 grams of each sample to 95% < 89 µm. Samples were analyzed using fire assay (30g) with AA finish and an ICP-34, four acid digestion followed by ICP-OES analysis. Samples sent to the lab with visible gold or assaying above 1.00 g/t Au were further assayed using Total Pulp Metallic analysis (metallic screening) to mitigate the presence of the nugget effect of coarse gold. Total Pulp Metallic Sieve Procedure: Crush entire sample to approximately 80% (-10 mesh). Total sample is pulverized to approximately 95% (-150 mesh) in 200-300g portions. Sieve all pulverized material through 150 mesh screen. The total (+150 mesh) fraction is all fire assayed as one sample and the weight recorded. The entire (-150 mesh) fraction is rolled to homogenize and stored in a plastic bag. The entire weight of the (-150 mesh) fraction is recorded. A 30g sample is fire assayed from the (-150 mesh) portion. The two fire assay results (+150 and -150 mesh) are calculated (with the total weight of the sample to provide a weighted average of the sample) and the weighted average Au result is reported. The TRU exploration programs are designed to be consistent with mining industry best practices and the programs are supervised by Qualified Persons employing a QAQC program consistent with requirements under the CIM Mineral Exploration Best Practice Guidelines (2018) and National Instrument 43-101 ("NI 43-101"). Annuncio • Sep 20
TRU Precious Metals Corp. Extends High-Grade Gold Channel Sampling Results at Golden Rose, Including 14.6 g/t Au over 0.5 M and 5.7 G/T Au over 0.5 M TRU Precious Metals Corp. reported additional high-grade gold channel sampling assay results from its summer 2023 trenching program at its Golden Rose Project ("Golden Rose"), at the Mark's Pond target on mineral claims under option from Quadro Resources Ltd. The 2023 trenching and channel sampling program is a continuation of the trenching program that commenced in fall 2022 at Mark's Pond and led to the discovery of the Northcott Gold Zone. TRU collected approximately 400 channel samples from the main Northcott trench, and five additional trenches excavated to the northeast and southwest of the main Northcott trench. This includes the Northcott West Extension trench, which has exposed a further 25 m of the high-grade Northcott Gold Zone along strike to the southwest. Detailed mapping in the Northcott West Extension trench indicates the Northcott Gold Zone is approximately 3-6 m wide at surface, has a known strike length of at least 60 m, and is still open to the northeast and southwest. The high-grade gold mineralization within the Northcott East and West extension trenches is being interpreted as a highly mineralized shoot, the plunge and thickness of which still needs to be confirmed through drilling. The trenches were also structurally mapped by Terrane Geoscience ("Terrane") in late May 2023. Terrane concluded that the high-grade gold mineralization in the Northcott Gold Zone is mainly concentrated at the faulted, brittle-ductile deformed contact between the Rogerson Lake conglomerate and mafic volcanic units as the latter rocks are more competent allowing veining and mineralization to occur. Terrane recommended targeting this faulted contact along strike to identify additional gold zones, and drill testing the Northcott Gold Zone at an azimuth to the northwest (normal to the lithological contact) to confirm gold mineralization at depth. The Northcott Gold Zone trenches are located approximately 130 m northwest of the historically drilled, gold-bearing Mark's Pond Gold Zone. A high-resolution drone (UAV) imagery survey was completed by Insite Surveys of Burgeo, NL over all the trenches capturing the channel sampling locations in precise detail. The drone imagery has been georeferenced for structural mapping purposes and to precisely locate the channel samples for future geological modelling and resource estimation. The true width of the Northcott Gold Zone is unknown at this time. However, the rock units are subvertical indicating sampled widths are likely close to true width, and this will be confirmed during future drilling. The channel sample assay results continue to indicate that the quartz-carbonate veins and mineralized gold intervals within the Northcott Gold Zone tend to pinch and swell along strike, with high-grade widths ranging between 0.4 to 2.5 m. Associated alteration includes widespread sericite alteration within the highly strained fault zone and narrow zones of ankerite and chlorite alteration localized to the contact between the Rogerson Lake Conglomerate and mafic volcanic units. As noted earlier, gold mineralization remains open to the southwest and northeast of the current trench limits. TRU plans to continue mapping and prospecting of the mineralized contact between the Rogerson Lake Conglomerate and mafic volcanics to better understand the structural controls on gold mineralization in the Mark's Pond target area. The Mark's Pond target area is among the Company's claims under option from Quadro Resources Ltd. (the "Optionor") pursuant to an option agreement between the parties. Under such agreement, the Optionor will retain either a 49% interest or a 35% interest, as the case may be, in such claims depending on the extent, if any, to which TRU exercises its option. Annuncio • Sep 07
TRU Precious Metals Corp. announced that it has received CAD 3 million in funding from Ormonde Mining plc On September 6, 2023, TRU Precious Metals Corp., closed the transaction. Annuncio • Jul 06
TRU Precious Metals to Delist from LSE Alternative Investment Market and Euronext Growth TRU Precious Metals Corp. announced that it has entered into a binding subscription agreement (the 'Agreement') with Ormonde Mining Plc ('Ormonde'), with respect to a non-brokered private placement of the Company to be carried out by a wholly-owned subsidiary of Ormondefor gross proceeds of CAD 3,000,000 (the 'Offering'). Completion of the Offering is subject to Ormonde obtaining shareholder approval and delisting from both the LSE Alternative Investment Market ('AIM') and Euronext Growth, and subsequently to Ormonde completing such delisting. Completion of the Offering is also subject to the Company obtaining shareholder and TSX Venture Exchange approval. Annuncio • Jul 01
TRU Precious Metals Corp. announced that it expects to receive CAD 3 million in funding from Ormonde Mining plc TRU Precious Metals Corp. announced a private placement and will issue 60,000,000 new common shares at an issue price of CAD 0.05 per share for a gross proceeds of CAD 3,000,000 on June 30, 2023. The transaction will include participation from new investor, Ormonde Mining plc. The investor to acquire an initial 36.2% controlling interest in the company share capital through a private placement. In addition to the proposed subscription, each new common share will have a 0.5 share purchase warrant attached, with each full warrant being exercisable to acquire one new common share in company at a price of CAD 0.075 for a period of 36 months following the closing date. The exercise of this option in full would increase investor’s equity holding in the company to 46%. The investors will appoint three directors to the company board of directors. The transaction is subject to investor’s shareholder approval. Annuncio • Jun 08
Tru Reports on Trenching Progress At Mark's Pond High-Grade Gold Target At Golden Rose Project TRU Precious Metals Corp. provided an update on its trenching and channel sampling program at the Mark's Pond high-grade gold target at its Golden Rose Project ("Golden Rose" or the "Project") located in the highly prospective Central Newfoundland Gold Belt. Earlier this year, TRU reported high-grade gold channel sampling results from an initial Mark's Pond trench. Trenching and channel sampling at Mark's Pond began in mid-May and is expected to continue this month. Two 50-100 metre (m) long trenches have already been finished approximately 100 m to the southwest and 90 m to the northeast of the main Northcott Zone trench completed last fall. In addition, several 25-30 m long trench extensions or test pits have been added to further expand the known strike length of several gold-bearing graphitic shear zones with quartz-carbonate veins including the newly discovered Northcott Gold Zone (Figure 1). High grade gold mineralization appears to be most prominent at the contact between the Rogerson Lake Conglomerate and mafic volcanic units at this location. Gold panning of soil and till collected within or on the sides of these new trenches has identified a significant amount of pristine, fine-grained gold grains, especially next to newly uncovered shear zones and rock unit contacts. Visible gold has also been observed in bedrock exposed within these new trenches. Channel samples are being collected at 0.5 to 1 m continuous intervals in each trench (Figure 2) and include QAQC protocols. Assay results for the channel samples are still pending. Terrane Geoscience Inc. recently completed their structural mapping and analysis of the Mark's Pond trenches. Their structural analysis will be used for drill hole planning and understanding the subsurface nature of these mineralized and highly deformed shear zones at the contact between the Rogerson Lake Conglomerate and mafic volcanics. A new high-resolution drone (UAV) survey was also completed to capture the new trenches and will also be used for detailed mapping and modeling of the channel samples, rock units, and alteration and mineralized zones at surface. The high-resolution ground Magnetic-VLF data over the Mark's Pond target area has been received from GroundTruth Exploration and is currently being compiled into GIS and Leapfrog Geo for 3D geological modeling and interpretation. Combined, the high-resolution Mag-VLF and drone survey data, structural mapping data, and channel sampling results will provide the Company with a high degree of confidence when developing drill hole targets to intercept these mineralized zones at depth. Once the Mark's Pond trenching and channel sampling program has been completed, the exploration team will commence detailed prospecting and mapping in the Jacob's Pond-Twin Ponds area to identify new copper and gold occurrences for future trenching and drilling in this region of Golden Rose. The Mark's Pond target area is among the Company's claims under option from Quadro Resources Ltd. (the "Optionor") pursuant to an option agreement between the parties. Under such agreement, the Optionor will retain either a 49% interest or a 35% interest, as the case may be, in such claims depending on the extent, if any, to which TRU exercises its option. Finally, the Company is also reporting that on May 29, 2023, it was issued an additional 1,000,000 special warrants convertible into common shares of Eastern Precious Metals Corp. ("Eastern"), for no additional cost, in accordance with the terms of the Company's option agreement with Eastern. The Company understands that Eastern continues to advance its stock exchange listing process. The scientific and technical information disclosed in this news release has been prepared and approved by Paul Ténière, M.Sc., P.Geo., Vice President of Exploration for TRU, and a Qualified Person as defined in NI 43-101. Annuncio • May 18
TRU Precious Metals Corp. Commences Exploration Field Season at Golden Rose Project TRU Precious Metals Corp. announced the start of its 2023 field exploration season at its 100% owned Golden Rose Project located in the highly prospective Central Newfoundland Gold Belt. In March 2023, the Company commissioned GroundTruth Exploration ("GroundTruth") of Dawson, YT to complete a high-resolution ground magnetometer-VLF (Very Low Frequency) geophysical survey (the "Mag-VLF survey") over the Mark's Pond area where the Company reported high-grade gold channel sample results as high as 57.6 g/t Au over 2.5m. The Mag-VLF survey was designed to potentially identify the extent of the shear zone hosting the high-grade Northcott Gold Zone to the northeast and southwest and to further investigate the potential for additional parallel shear zones and mineralized fault structures in the vicinity. TheMag-VLF survey is now complete with final interpreted results expected from GroundTruth within the next 2 to 3 weeks. Final geophysical results will be announced once received. The TRU exploration team has recently commenced field work at the Mark's Pond target area including the remaining channel sampling at the trench opened up in fall 2022. This will be followed by the completion of at least 3 to 4 new trenches at Mark's Pond spaced at least 100 m apart with the aim to potentially trace the Northcott Gold Zone and other parallel shear zones along strike in a NE-SW direction. The Company has also commissioned Terrane Geoscience Inc. ("Terrane") of Halifax, NS to complete a structural mapping and analysis program at the Mark's Pond and Jacob's Pond trenches by the end of May. Terrane will collect structural orientation data and characterize tectonic fabrics, veining, and any other structures that could potentially control mineralization. Combined, these programs aim to develop several priority diamond drill hole targets at Mark's Pond and Jacob'sond. Annuncio • May 04
TRU Precious Metals Corp. announced that it has received CAD 0.5285 million in funding On May 3, 2023, TRU Precious Metals Corp. closed the transaction. The company has now issued 10,570,000 units at a price of CAD 0.05 per unit, for gross proceeds CAD 528,500. The transaction include participation from Insider for CAD 150,000 of the gross proceeds of the offering. The securities issued are subject to a statutory hold period expiring September 3, 2023. The offering is subject to final approval of the TSX Venture Exchange. The company has paid cash commissions equal to an aggregate of CAD 17,600, and an aggregate of 352,000 finder warrants, each of which entitles the holder thereof to purchase one share at a price of CAD 0.075 for a period of 36 months following the closing date. Board Change • Feb 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director David Hladky was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Feb 10
TRU Precious Metals Corp. Announces Executive Changes TRU Precious Metals Corp. announced the appointment of Manish Z. Kshatriya, CPA, CA, CPA (CO), ICD.D to its Board of Directors (the "Board") as Chairman of the Board and Audit Committee, subject to regulatory approval. Mr. Kshatriya is currently the Managing Director of a Toronto based Business Advisory firm providing executive management, governance and compliance oversight, and capital markets advisory services to small and mid- market private and publicly listed companies. He has over 20 years of progressive experience in corporate finance, governance, accounting, taxation, and auditing obtained in public accounting practice and industry. Mr. Kshatriya's extensive capital markets experience includes: the formation and development of mineral resource exploration companies from inception to initial public offerings; the formation and offerings of flow-through limited partnerships; raising capital; merger and acquisition activity; serving on private and public company boards; and, proxy contests. Most recently, and prior to his role as Managing Director, Mr. Kshatriya served as Director, President, Chief Executive Officer and Chief Financial Officer of a United States based mineral resources company that was listed both in the US and in Canada. Prior to that role, Mr. Kshatriya worked for a Toronto based, Canadian listed mining merchant bank where he served as Chief Financial Officer. Mr. Kshatriya earned his Bachelor of Commerce degree, with Honours in Accounting and Finance, from York University in Toronto. He is a graduate of the director's education program at the Institute of Corporate Directors at the Rotman School of Management, University of Toronto and is an institute certified director (ICD.D). He is a Chartered Professional Accountant (Chartered Accountant) and a member of the Institute of Chartered Professional Accountants of Ontario. He is also a Certified Public Accountant in the United States and a graduate from the Colorado State Board of Accountancy. To facilitate Mr. Kshatriya joining the Board, Mr. Colin Sutherland has resigned to reduce his overall business commitments. Annuncio • Jan 28
TRU Precious Metals Corp. Announces Results from Soil Sampling Programs TRU Precious Metals Corp. announced the results from its soil sampling programs completed along the Jacob's Pond trend at its 100% owned Golden Rose Project (‘Golden Rose’ or the ‘Project’) located in the highly prospective Central Newfoundland Gold Belt. A total of 1,903 soil samples were collected in this region and include sampling completed during the 2022 field season to infill gaps in historical soil sampling coverage. The soil sampling programs were designed to identify new copper-zinc-lead and gold-silver mineralization and provide additional targets for TRU's 2023 exploration and drilling programs along Jacob's Pond. This target extends over 4 km and includes low- to high-grade critical minerals and gold-silver occurrences which have strong Induced Potential (IP) geophysical and soil anomalies. Soil sampling results have confirmed significant copper, zinc, lead, and gold anomalies in the Jacob's Pond, Twin Ponds, and Bear Pond areas at Golden Rose. Soil sampling geochemistry results have proven to be a highly effective exploration tool in identifying bedrock copper, zinc, lead, and gold-silver mineralization in Central Newfoundland. By following up on soil geochemistry anomalies through prospecting, geophysical surveys, trenching, and diamond drilling, significant mineral discoveries have been made throughout the Cape Ray - Valentine Lake structural corridor. The 2022 Jacob's Twin soil sampling grid was designed to extend the 2021 grid lines in the Bear Pond to Twin Ponds area an additional 700 to 1,050 m further southeast Soil geochemistry anomalies identified in 2021 were open to the southeast due to the limited length of the grid lines in this area. During fall 2022, a small follow-up infill soil sampling program was also carried out in an area of heightened interest on the Jacob's Twin grid, in order to tighten up soil grid line spacing to 50 m. The soil sampling results have confirmed a new, previously unrecognized area for further exploration southwest of Jacob's Pond within a splay off the Cape Ray - Valentine Lake Shear Zone, and the presence of an underlying regional structure that may host critical minerals such as copper and zinc, in addition to other minerals including lead, gold, and silver. The soil geochemistry anomalies southwest of Jacob's Pond appear to correspond with several heavily copper mineralized rock samples collected by TRU in 2022, including one rock sample which assayed 14.3 g/t gold (Au), 11% copper (Cu), 368 g/t silver (Ag) and 0.12% antimony (Sb). The soil samples were collected at 25 to 50 m spacing along 100 m spaced lines, and wherever possible soil samples were collected from the B-horizon soil layer. Each soil sample location was recorded using a hand-held GPS and the sample placed in a plastic bag with a unique sample ID tag. Soil samples were dropped off at either the SGS Canada (‘SGS’) laboratory in Grand Falls-Windsor, NL or the Eastern Analytical Limited (‘EAL’) laboratory in Springdale, NL for sample preparation, gold fire assay, and 34-element ICP analysis. Both laboratories are independent of TRU. Annuncio • Jan 20
TRU Precious Metals Corp. (TSXV:TRU) acquired 14 mineral claims at its Golden Rose Project for CAD 0.27 million. TRU Precious Metals Corp. (TSXV:TRU) acquired 14 mineral claims at its Golden Rose Project for CAD 0.27 million on January 19, 2023. As consideration for the Acquisition, the Vendors were paid CAD 16,000 cash and were granted a 1% Net Smelter Returns Royalty in respect of the Acquired Claims, which royalty can be fully repurchased for CAD 1,000,000. In addition, in the event TRU delineates a Measured and/or Indicated Mineral Resource Estimate, completed in accordance with CIM and NI 43-101 standards and guidelines, equal to at least 1,000,000 ounces of gold (at a 1 g/t cut-off grade) contained within the Acquired Claims, TRU shall make an additional one-time cash payment of CAD 250,000 to the Vendors.TRU Precious Metals Corp. (TSXV:TRU) completed the acquisition of 14 mineral claims at its Golden Rose Project on January 19, 2023. Annuncio • Jan 13
TRU Reports High-Grade Gold Channel Sampling Results from Mark's Pond Trench At Golden Rose Project, Including 57.6 G/T Au over 2.5 M, 34 G/T Au over 2 M & 23.5 G/T Au over 2 M TRU Precious Metals Corp. reported high grade channel sampling results from a recent trenching program conducted on TRU's claims under option from Quadro Resources Ltd. at TRU's Golden Rose Project ("Golden Rose'') in Central Newfoundland. The channel sampling program was completed on the Mark's Pond target located along the deposit-bearing Cape Ray-Valentine Lake Shear Zone, where the Company recently announced results of a grab sampling program that indicated high-grade gold potential. TRU collected a total of 159 channel samples within the recently excavated 275 m long trench, including 85 samples within a 23 m long easterly extension at the southern end of the trench along strike of a visible gold- bearing volcaniclastic and graphitic shear zone. This newly discovered high-grade gold zone has been named the "Northcott Gold Zone" to recognize the significant discoveries made by prospector Ed Northcott in this area. The trench at Mark's Pond is located approximately 130 m northwest of the historically drilled Mark's Pond Gold Zone. During TRU's fall exploration program, this historical trench was re-opened and extended to the north to test a second, multiple line, east-west trending historical gold-in soil anomaly that had not been previously trenched or drilled. A high-resolution drone (UAV) imagery survey was completed by Insite Surveys of Burgeo, NL over the entire trench also capturing the channel sampling locations in precise detail. The drone imagery has been georeferenced for structural mapping purposes and to precisely locate the channel samples for geological modelling purposes. The channel sampling program included the insertion of QAQC materials (certified reference materials, blanks, and field duplicates) at regular intervals by TRU geologists, and the samples were sent to Eastern Analytical Ltd. ("Eastern Analytical") in Springdale, NL for fire assay and ICP multi-element geochemistry analyses. Any channel samples returning a fire assay result greater than 1 g/t Au triggered a total pulp metallics analysis (metallic screening) of the sample to mitigate the presence of the nugget effect of coarse gold and to better characterize the coarse- and fine-grained gold fractions within these prominent gold bearing units. Complete fire assay and metallic screen analysis results for the channel samples collected in the Northcott Gold Zone. True width of the Northcott Gold Zone is unknown at this time. However, the rock units are subvertical indicating sampled widths are likely close to true width and this will be confirmed in future drilling programs. The channel sample assay results indicate that the structurally-complex graphitic zone with stockwork quartz- carbonate veins containing visible gold within the Northcott Gold Zone tends to pinch and swell along strike, with high-grade widths ranging between <1 to 2.5 m. Associated wall-rock alteration includes carbonatization and sericitization typical within orogenic gold deposits with steeply dipping brittle-ductile shear zones hosting native gold. A total of 74 channel samples were collected at several exposed bedrock locations along the rest of the trench, northwest of the Northcott Gold Zone, but returned no significant gold assay values. However, field crews were unable to complete channel sampling of the entire length of the trench due to the rapid onset of winter conditions. In spring 2023, TRU plans to channel sample all remaining low-lying (ponded) areas within the trench that may contain gold similar to that discovered in the southeastern part of the trench. As noted earlier, gold mineralization remains open to the southwest and northeast of the current trench limit. TRU plans to extend the southern part of the trench in both directions in spring and summer 2023 and complete channel sampling within these extensions and to the northwest in areas of the trench that remain unsampled. In addition, a detailed structural mapping program will be undertaken in the trench to characterize the veins, collect structural measurements, and understand any structural controls on gold mineralization in the Mark's Pond target area. All channel samples were cut using portable saws with diamond blades and cleaned thoroughly with fresh water prior to insertion into sample bags by TRU field staff. This trench and sample cleaning process was implemented to eliminate the possibility of sample contamination by overburden (soil and till). The exact location of the channel sample line was taken using a handheld GPS unit and indicated on a hand drawn trench map, and field notes were taken on lithology, structure, and mineralization. The exact locations of the channel samples were later correlated and georeferenced with the high precision drone survey imagery. The channel samples were securely transported by TRU field staff to Eastern Analytical, a commercial laboratory that is ISO/IEC 17025 accredited and independent of TRU. Eastern Analytical pulverized 1,000 grams of each sample to 95% < 89 m. Samples are analyzed using fire assay (30g) with AA finish and an ICP-34, four acid digestion followed by ICP-OES analysis. All samples with visible gold or assaying above 1.00 g/t Au were further assayed using total pulp metallic analysis (metallic screening) to mitigate the presence of the nugget effect of coarse gold. Eastern Analytical total pulp metallic sieve procedure: Crush entire sample to approximately 80% (-10 mesh). Total sample is pulverized to approximately 95% (-150 mesh) in 200-300g portions. Sieve all pulverized material through 150 mesh screen. The total (+150 mesh) fraction is all fire assayed as one sample and the weight recorded. The entire (-150 mesh) fraction is rolled to homogenize and stored in a plastic bag. The entire weight of the (-150 mesh) fraction is recorded. A 30g sample is fire assayed from the (-150 mesh) portion. The two fire assay results (+150 and -150 mesh) are calculated (with the total weight of the sample to provide a weighted average of the sample) and the weighted average Au result is reported. The TRU exploration programs are designed to be consistent with mining industry best practices and the programs are supervised by Qualified Persons employing a full QAQC program consistent with requirements under the CIM Mineral Exploration Best Practice Guidelines (2018) and National Instrument 43-101 ("NI 43-101"). Executive Departure • Sep 08
Chief Financial Officer Robert Harrison has left the company On the 3rd of September, Robert Harrison's tenure as Chief Financial Officer ended. As of June 2021, Robert still personally held 248.55k shares (€44k worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 2.08 years. Annuncio • May 14
TRU Precious Metals Corp. (TSXV:TRU) acquired Golden Rose Project from Altius Minerals Corporation (TSX:ALS). TRU Precious Metals Corp. (TSXV:TRU) acquired Golden Rose Project from Altius Minerals Corporation (TSX:ALS) on May 12, 2021. TRU must pay the Rose Optionor: (i) $22,500, in cash or by issuance of TRU Shares, at the election of the Rose Optionor, on November 30, 2021; and (ii) $37,500, in cash or by issuance of TRU Shares, at the election of the Rose Optionor, on November 30, 2022. TRU will also have to pay the Rose Optionor a $250,000 cash bonus if TRU defines at least 1,000,000 ounces of gold on the Rose Gold Claims. TRU shall also grant the Rose Optionor a 2.0% NSR on any future mineral production at the Rose Gold Claims. The company raised $3.5 million to fund work on the Golden Rose Project. As of April 30, 2021, TSX Venture Exchange approved the transaction.
TRU Precious Metals Corp. (TSXV:TRU) completed the acquisition of Golden Rose Project from Altius Minerals Corporation (TSX:ALS) on May 12, 2021.