Apr 3, 2025, 11:51 AM
Apr 3, 2025, 11:51 AM

TRU Precious Metals Corp. awards drilling contract to MCL for 2025 exploration

Highlights
  • TRU Precious Metals Corp. has contracted MCL Drilling for a 1,800 metres diamond drilling program.
  • The drilling will focus on the Mark's Pond to Rich House exploration fairway as part of the 2025 field season.
  • This initiative is the first step in a larger exploration effort and aims to capitalize on high-grade gold samples collected previously.
Story

In Canada, TRU Precious Metals Corp. has announced the awarding of a drilling contract to MCL Drilling for an approximate 1,800 metres diamond drilling program at the Golden Rose Project. This program is slated for the 2025 field season and marks the initial phase of a broader exploratory effort based on recent revisions and refinements in the geological and structural property model being developed over the past few months. The company's focus is particularly on the Mark’s Pond to Rich House exploration fairway, a segment identified for its high-grade gold potential based on previous samples gathered by TRU in late 2024. The decision to initiate the drilling program follows a competitive tender process that began in February 2025, during which TRU selected MCL for its expertise and local reputation. The selected exploration fairway stretches approximately 7.5 km long and up to 2 km wide, situated within the Staghorn licenses, an area believed to have significant exploration potential. The exploration is deemed crucial as it adheres to drilling commitments necessitated by the option agreement with Quadro Resources, which requires certain milestones to be met by early July 2025. The history of the Mark’s Pond gold zone includes noteworthy past drilling intercepts yielding 3.22 grams per tonne gold, while trenches in the Northcott gold zone have shown even higher-grade results. This ongoing exploration project is significant not only for TRU but also for its implications within the larger regional context, as it lies strategically between established gold projects belonging to Calibre Mining and AuMEGA Metals. In addition, the ongoing partnership with Eldorado Gold Corporation aims to establish a deeper exploration investment into the Golden Rose Project through an Earn-In agreement. CEO Steve Nicol emphasized the company's commitment to exploring and developing the Golden Rose Project, particularly through a comprehensive understanding of the underlying geological potential. He expressed optimism about the progress made through this drilling initiative, which represents a foundational step towards following through on other prioritized targets that TRU has generated in their comprehensive geological evaluations. The findings from the drilling program will be shared with investors as they become available, ensuring transparency and continued engagement with stakeholders in the mining sector.

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