Trueclaim Intersects 10.0 Metres of 3.5 g/t Au at the Scadding Gold Project
26 Abril 2011 - 11:37AM
Marketwired
Trueclaim Exploration Inc. ("Trueclaim") (TSX VENTURE: TRM)(OTCQX:
TRMNF) is pleased to announce significant intersections in the
North Zone, including 3.5 g/t Au over 10.0 metres in hole TRM-11-15
on the Scadding Gold Property (the "Property").
Trueclaim has currently completed 4,000 metres of Phase II,
8,000 metre drill program on the Property. After successful
drilling in the South Zone with significant results, six oriented
holes recommended by SRK Consulting were drilled in the North Zone
to obtain precise structural information on the nature of the
mineralization and trend of the brecciation. All holes were
successful in hitting chlorite zones and the results are listed
below with a section of the highlighted holes:
----------------------------------------------------------------------
Hole Interval Grade
----------------------------------------------------------------------
From To Length Au
Hole ID (m (ft)) (m (ft)) (m (ft)) (g/t)
----------------------------------------------------------------------
TRM-11-11 50.0 (164.0) 54.42 (178.5) 4.42 (14.5) 2.32
TRM-11-12 32.0 (105.0) 38.0 (124.7) 6.0 (19.7) 2.79
TRM-11-13 97.0 (318.2) 99.0 (324.8) 2.0 (6.6) 0.44
TRM-11-14 61.0 (200.1) 66.0 (216.5) 5.0 (16.4) 2.39
Containing 62.0 (203.4) 63.0 (206.7) 1.0 (3.3) 10.17
TRM-11-14 104.7 (343.5) 113.0 (370.7) 8.3 (27.2) 1.35
TRM-11-15 10.0 (32.8) 16.62 (54.5) 6.62 (21.7) 1.02
TRM-11-15 30.0 (98.4) 40.0 (131.2) 10.0 (32.8) 3.5
Containing 32.0 (105.0) 36.0 (118.1) 4.0 (13.1) 7.72
TRM-11-16 38.5 (126.3) 51.5 (169.0) 13.0 (42.7) 1.88
Containing 38.5 (126.3) 42.5 (139.4) 4.0 (13.1) 4.58
----------------------------------------------------------------------
To view drill intersections please click on the following link:
http://media3.marketwire.com/docs/TRM0426.pdf
Oriented core has never been drilled on the property before. The
nature of the mineralized breccia is structurally complex and
historically was poorly understood, thus the data is very
significant in aiding the geological team in the right direction
for the upcoming phase of delineation drilling in the North
Zone.
Recently the Currie Rose New Zone was evaluated with about 700
metres of drilling, chlorite was present in all holes and assay
results are pending. Visible gold was found in TRM-11-22 at
32m.
The next phase of the drill program includes two oriented holes
in the East-West Zone to get a precise orientation of the chlorite.
This will be undertaken before exploratory drilling takes place.
Four oriented holes are planned in the South Zone. This will assist
the geological team to project the mineralization along strike and
to depth, increasing the accuracy of exploratory drillholes.
Trueclaim holds the Scadding property under option from Currie Rose
Resources and has the right to earn a 100% working interest in the
property.
We seek safe harbour.
TRUECLAIM EXPLORATION INC.
John Carter, President
Technical information in this news release has been reviewed by
Mr. Bob Komarechka, P. Geo. and prepared in accordance with
Canadian regulatory requirements as set out in National Instrument
43-101. Trueclaim's (the "Company") 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 proposed
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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