Trueclaim Intersects 9.44 Metres of 2.54 g/t Au at the Scadding Gold Project
16 Maio 2011 - 1:04PM
Marketwired
Trueclaim Exploration Inc. ("Trueclaim") (TSX VENTURE: TRM)(OTCQX:
TRMNF) recently drilled four oriented holes in the South Zone on
the Scadding Gold Property (the "Property"). These four holes were
drilled to provide clarification on the orientation of geological
contacts and chloritic gold-bearing units specific to the South
Zone.
Results of the oriented measurements are consistent with those
taken in the North Zone and at the East-West Pit. It is very
encouraging that the three zones drilled with oriented core suggest
the same orientation of mineralization. Orientation measurements
are also consistent with the regional trend of 320 degrees. An
olivine diabase dyke cross-cuts the mineralized body in the South
Zone. The first two holes were drilled targeting the auriferous
chlorite on the north-eastern side of the dyke and the other two
holes were targeting the mineralization to the south-west.
Consistent structural orientation measurements in chlorite breccia
were obtained on both sides of the diabase. This will enable us to
explore for along-strike and down-dip extensions of mineralized
chlorite breccia, and provide greater accuracy in the calculation
of true width intersections.
Significant intersections from the four oriented holes in the
South Zone are shown in the chart below:
---------------------------------------------------------------------------
Hole Interval Grade
Hole ID From (m(ft)) To (m(ft)) Length (m(ft)) Au (g/t)
---------------------------------------------------------------------------
TRM-11-26 42.15 (138.25) 44.73 (146.71) 2.58 (8.46) 3.18
TRM-11-26 56.09 (183.98) 56.59 (185.61) 0.50 (1.63) 1.72
TRM-11-27 44.00 (144.32) 45.48 (149.17) 1.48 (4.85) 1.07
TRM-11-28A 27.36 (89.74) 36.80 (120.70) 9.44 (30.96) 2.54
Containing 30.40 (99.71) 30.90 (101.35) 0.50 (1.64) 17.27
TRM-11-29 24.00 (78.72) 25.00 (82.00) 1.00 (3.28) 8.91
---------------------------------------------------------------------------
The new assay data is consistent with South Zone drilling from
2009 to the start of the Phase II drilling program. Below are the
previously reported significant intercepts from this zone:
---------------------------------------------------------------------------
Hole Interval Grade
Hole ID From (m(ft)) To (m(ft)) Length (m(ft)) Au (g/t)
---------------------------------------------------------------------------
TRM-11-10 53.0 (173.8) 68.78 (225.7) 15.78 (51.9) 5.36
Containing 56.0 (179.76) 62.0 (203.4) 6.0 (23.64) 11.74
TRM-11-03 32.0 (105.0) 51.0 (167.3) 19.0 (62.3) 2.46
Containing 36.0 (118.1) 43.0 (141.0) 7.0 (22.9) 4.45
TRM-09-02 26.9 (88.2) 37.0 (121.4) 10.1 (33.2) 3.5
TRM-10-11 52.77 (173.1) 54.0 (177.1) 1.23 (4.0) 11.2
TRM-11-01 3.0 (9.84) 8.0 (26.24) 5.0 (16.4) 2.38
TRM-11-02 16.0 (52.5) 26.0 (85.3) 10.0 (32.8) 1.2
TRM-11-09 27.0 (88.6) 28.0 (91.9) 1.0 (3.3) 7.28
TRM-11-06 45.23 (148.4) 46.0 (150.9) 0.77 (2.5) 7.84
TRM-11-08 49.0 (160.8) 50.0 (164.1) 1.0 (3.3) 5.36
---------------------------------------------------------------------------
To view the map accompanying this press release please click on
the following link:
http://media3.marketwire.com/docs/TRM0516.pdf
The Trueclaim geological team used the recently collected
oriented data in Surpac to model the geological contacts and gain a
better understanding of the relationships of the geological units
in the South Zone. This greatly enhances the understanding of the
direction entailed to further extend the zone.
The Company holds the Scadding property under option from Currie
Rose Resources (TSX VENTURE: CUI) and has the right 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
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 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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