Toronto, Ontario–(Newsfile Corp. – June 16, 2022) – TRU Precious Metals Corp. (TSXV: TRU) (OTCQB: TRUIF) (FSE: 706) (“TRU” or the “Company”) is pleased to announce that it has signed a definitive option agreement dated June 15, 2022 (the “Option Agreement”) with Quadro Resources Ltd. (“Quadro”), pursuant to which TRU has been granted the option to acquire up to an aggregate 65% ownership in Quadro’s Staghorn Project.
The Staghorn Project (the “Staghorn Project”) is a large claim package of 133 claim units in eight mineral licences covering 3,325 hectares (33.25 square kilometres (“km2“)) with a 12 km strike length of the auriferous Cape Ray Fault Zone. The Staghorn Project is comprised of two distinct groups of licenses which are immediately within and/or adjacent to TRU’s flagship Golden Rose Project (“Golden Rose”). Golden Rose is a regional-scale land package covering approximately 236 km2 in the Central Newfoundland Gold Belt, including approximately 45 km of strike length along the deposit-bearing Cape Ray – Valentine Lake Shear Zone (the “CR-VL Shear Zone”).
Joel Freudman, Co-Founder and CEO of TRU commented: “This transaction is fundamental to TRU’s vision of consolidating Golden Rose. Upon completion, we will achieve TRU’s strategy of complete consolidation of the CR-VL Shear Zone, between our immediate neighbours Marathon Gold and Matador Mining, both of whom have significant gold deposits on their properties. Almost exactly one year ago on June 15, 2021, we unveiled our corporate strategy entitled TRU Vision 2021, where we outlined our intent to build shareholder value by exploring and developing and, when opportune, consolidating the CR-VL Shear Zone. I am therefore pleased with today’s announcement as we continue to work diligently and strategically to develop a turn-key gold and copper project.”
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