Trueclaim Exploration Discovers Potential New Zone at Scadding
2011年7月26日 - 9:44PM
Marketwired
Trueclaim Exploration Inc. (TSX VENTURE: TRM)(OTCQX: TRMNF)
("Trueclaim") is pleased to announce that it intersected a
previously unknown area of gold mineralization in its Phase II
drilling Program. TRM-11-48 from 98m to 103m contains an interval
of 5m assayed at 4.54g/t gold. Below this interval was a section of
10.25m from 128.75m to 139m grading 1.37g/t gold. True width is
assumed because structural analysis has determined the orientation
of auriferous chlorite banding on the Scadding Mine site and this
hole was drilled perpendicular to that orientation.
These bands of chlorite breccia occur parallel to the bands of
chlorite in E-W Zone and are separated by a distance of 115m to the
north-west of the E-W Zone. This area was historically not known
and is a new discovery made by Trueclaim Exploration. The oriented
drilling program allowed on-site geologists to determine the trend
of auriferous chlorite. These new bands of chlorite were
intersected by drilling with the assumption that all zones on the
property trend the same direction. Knowing the orientation of the
zones will allow future exploration to have more focused
direction.
This discovery has prompted a re-evaluation to the Phase II
drilling program in order to allow time for compilation of data and
3D models of each zone.
This zone, in addition to the recent successful drilling on the
property, further increases the resource potential of the property.
Drilled zones on the property include:
North Zone (Highlight: TRM-10-07, 19.29m at 12.9g/t Au)
South Zone (Highlight: TRM-11-10, 15.78m at 5.36g/t Au),
Central Zone (not yet drilled by Trueclaim) and
Currie Rose New Zone (Highlight: TRM-11-22, 1.5m at 94.5g/t
Au).
The Company holds the Scadding property under option from Currie
Rose Resources. The Company has earned a 51% working interest in
the property and retains the right earn a 100% working interest in
the property.
We seek safe harbour.
ON BEHALF OF THE BOARD
TRUECLAIM EXPLORATION INC.
John Carter, President
Technical information in this news release has been reviewed by
Ms. Lindsay Moss, P. Geo. and prepared in accordance with Canadian
regulatory requirements as set out in National Instrument 43-101.
Trueclaim's quality control and assurance program includes the
insertion of standards and blanks, the retention of 1/2 of the cut
core that has been sampled, pulps and rejects, and uses a
independent certified lab, Accurassay Laboratories of Thunder Bay,
ON. Samples are sent for fire assay and if warranted for ICP.
Assays of significance are reassayed using screen metallics to
ensure accurate values. Company Management, which takes full
responsibility for content, prepared this news release.
This news release contains "forward-looking information" (within
the meaning of applicable Canadian securities laws) and
"forward-looking statements" (within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995). Such statements
or information are identified with words such as "anticipate",
"believe", "expect", "plan", "intend", "potential", "estimate",
"propose", "project", "outlook", "foresee" or similar words
suggesting future outcomes or statements regarding an outlook. Such
statements include, among others, those concerning the diamond
drilling program. All statements in this news release, other than
statements of historical facts, which address future production,
reserve potential, exploration activities, financing plans,
objectives or goals, and events or developments that the Company
expects, are forward-looking statements. Since forward-looking
statements address future events and conditions, by their very
nature, they involve inherent risks and uncertainties. Such
forward-looking information or statements are based on a number of
risks, uncertainties and assumptions which may cause actual results
or other expectations to differ materially from those anticipated
and which may prove to be incorrect. Assumptions have been made
regarding, among other things, management's expectations regarding
its ability to complete its exploration and development work as
expected. Actual results could differ materially due to a number of
factors, including, without limitation, operational risks in the
completion of the Company's continued development work, technical,
safety or regulatory issues, market prices, exploitation and
exploration successes, continued availability of capital and
financing, and general economic, market or business conditions.
Although the Company believes that the expectations reflected in
the forward-looking information or statements are reasonable,
prospective investors in the Company's securities should not place
undue reliance on forward-looking statements because the Company
can provide no assurance that such expectations will prove to be
correct. Actual results or developments may differ materially from
those projected in the forward-looking statements, as assay
intervals might not necessarily represent true width. Such risks
include expectations that may be raised by discussing potential
mine types and by comparing the Company's projects to other
projects. Also, in order to proceed with the Company's exploration
and acquisition plans, additional funding is necessary and,
depending on market conditions, this funding may not be forthcoming
on a schedule or on terms that facilitate the Company's plans.
Forward-looking information and statements contained in this news
release are as of the date of this news release and the Company
assumes no obligation to update or revise this forward-looking
information and statements except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) has reviewed or accepts responsibility for the
adequacy or accuracy of this release.
Contacts: Trueclaim Exploration Inc. John Carter President
519-913-8008 1-888-686-1405 (FAX) www.trueclaim.ca
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