Tru Precious Metals Corp. Stock Price, News & Analysis

TRU Precious Metals (TSXV:TRU)(OTCQB:TRUIF) has initiated a 1,800-metre diamond drilling program at its Golden Rose Project in Central Newfoundland. The drilling focuses on the Mark's Pond to Rich House "exploration fairway" and fulfills drilling commitments required by July 2025 under the Option Agreement with Quadro Resources for the Staghorn licenses.

The company has completed a property-wide geological and structural synthesis of Golden Rose, which spans nearly 300 square kilometers. The analysis has identified multiple targets for potential orogenic gold mineralization. The Staghorn licenses represent less than 12% of the total Golden Rose area. Field work will be conducted to validate these exploration targets before further drilling.

TRU Precious Metals (TSXV:TRU)(OTCQB:TRUIF) has awarded a contract to MCL Drilling for an 1,800-metre diamond drilling program at the Golden Rose Project in Central Newfoundland. The program, set to commence in Spring 2025, will focus on the Mark's Pond to Rich House 'exploration fairway'.

The drilling initiative is part of a larger plan following the company's shift to a 'big picture' perspective announced in October 2024. The target area, spanning approximately 7.5 km long and up to 2 km wide, is within the Staghorn licenses which represent less than 12% of total Golden Rose licenses area.

Notable historical results in the area include:

• Mark's Pond gold zone: 3.22 g/t Au over 5.0m
• Northcott gold zone trenching: 57.6 g/t Au over 2.5m, 34.0 g/t Au over 2.0m, and 23.5 g/t Au over 2.0m

TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) announced that Heran Zhou will step down as Corporate Secretary effective February 1, 2025, with Olga Nikitovic, the Company's President and CFO, assuming the additional role. The company's main asset is the Golden Rose Project, a 297.50 km² land package in Central Western Newfoundland, which is subject to an Earn-In Agreement with Eldorado Gold Under this agreement, Eldorado can earn an 80% interest by funding CAD15.25M in cash payments and exploration expenditures over 5 years.

The Golden Rose Project is strategically located along the 45 km gold deposit-bearing Cape Ray - Valentine Lake Shear Zone, between Calibre Mining's Valentine Project and AuMEGA Metals' Cape Ray Gold Project. TRU is approximately 36%-owned by European investor Ormonde Mining plc.

TRU Precious Metals reports high-grade gold assays from rock sampling at its Golden Rose Project in Central Newfoundland. The sampling was conducted along a 15-meter wide strip of Lake Victoria's north shore, exposed due to unusually low water levels. Out of 47 bedrock and float grab samples collected, 22 exceeded 0.1 g/t Au, with 8 samples surpassing 30 g/t Au and 4 samples exceeding 100 g/t Au. Notably, 12 samples contained visible gold.

The sampling area is part of the Mark's Pond to Rich House (MPRH) exploration fairway, which extends over 7 km. A new bedrock occurrence with Rich House type alteration was discovered approximately 1,100m southwest of Rich House. The exposed shoreline provided valuable geological insights into a highly prospective structural trend extending 33 km across the property.

TRU Precious Metals reports significant copper exploration results from its Golden Rose Project in Central Newfoundland. High-grade copper samples were discovered at multiple locations, including Jacob's Prospect (up to 3.7% Cu), King George Prospect (3.7% and 2.4% Cu), and Glenn's Prospect (up to 0.9% Cu). The exploration program has extended known copper mineralization zones, with samples collected over a 5.5 km strike along the Cape Ray Shear Zone. A new discovery at Annie Prospect yielded samples with up to 0.17% Cu and 1.4 g/t gold. Several samples also showed anomalous zinc values up to 0.95% Zn.

TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) has provided an update on its flagship Golden Rose Project in Central Newfoundland. In August 2024, the company granted an exclusive option to Eldorado Gold to earn an 80% ownership interest in Golden Rose. This financial backing allows TRU to conduct a detailed review of the project's potential across its 300 sq. km area.

The company is shifting to a 'big picture' perspective, viewing the consolidated land parcels as one entity to develop an updated model of mineralization potential. The initial step involves extracting maximum information from existing data, including infill and geochemical sampling, reinterpretation of magnetic survey data, prospecting, re-mapping, and re-examination of drill core.

TRU is focusing on a 7.5km long by 2km wide 'exploration fairway' between the Mark's Pond zone and the Rich House zone. Initial targeting is expected to be completed by early 2025, with drilling planned to commence immediately after. The company is also running a copper and critical minerals focused exploration program across Golden Rose.

TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) has completed the granting of an option to Eldorado Gold for its Golden Rose Project in Central Newfoundland. This follows the receipt of an outstanding drill permit, satisfying all pre-conditions of the definitive earn-in agreement. The option allows Eldorado to earn an 80% ownership interest in the strategically located Golden Rose Project along the gold deposit-bearing Cape Ray - Valentine Lake Shear Zone.

TRU CEO Steve Nicol expressed enthusiasm about the partnership with Eldorado, a global gold producer, and the potential to drive exploration efforts forward. The full details of the Option Agreement will be available on TRU's SEDAR+ profile.

TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) has terminated its normal course issuer bid (NCIB) effective immediately. The NCIB, announced on December 7, 2023, aimed to purchase and cancel up to 9,668,743 common shares, representing 10% of the company's outstanding Public Float. As of August 12, 2024, 4,934,000 shares (approximately 3% of outstanding shares) were repurchased at an average price of $0.029, totaling about $143,086. The NCIB was subject to a maximum aggregate purchase price of $150,000 plus brokerage commissions, with a maximum price per share of $0.04. All repurchased shares will be cancelled.

TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) has appointed Steve Nicol as its new CEO, effective August 7, 2024. Nicol, a mining engineer with over 35 years of experience, will oversee the multi-year, partner-funded gold and copper exploration program at the Golden Rose Project in Newfoundland, following the recently announced earn-in agreement with Eldorado Gold

Nicol replaces Joel Freudman, who founded TRU in its current form in 2020. Freudman will continue to provide transitional capital markets advisory support. This leadership change comes as TRU embarks on a new phase of development as a Newfoundland mineral resources explorer, with the company positioned for significant value creation through its partnership with Eldorado.