This is Why Miners are Quickly Heading to the Central Newfoundland Gold Belt June 24, 2021 - Baystreet.ca The Central Newfoundland Gold Belt (CNGB) is seeing a significant amount of interest from investors and gold explorers. In fact, one of the major players in the region, Marathon Gold Corporation (TSX:MOZ)(OTC:MGDPF), “has opened people’s eyes to the potential for Newfoundland – and the Maritimes in general – to host large scale gold deposits,” said Matt Manson President and CEO, as quoted by Resource World. Also operating in the region, TRU Precious Metals Corp.’s (TSXV:TRU)(OTCQB:TRUIF) Golden Rose Project lies on strike with Marathon Gold’s Valentine Lake Project on a structural corridor that transects the full length of the project. Other companies benefiting from the CNGB are Altius Minerals Corporation (TSX:ALS)(OTC:ATUSF), New Found Gold Corp. (TSXV:NFG)(OTC:NFGFF), and Exploits Discovery Corp. (CSE:NFLD)(OTC:NFLDF). “A wave of junior miners are rushing to get land positions in the area after the New Found Gold Corp. discovery of 92.86 g/t gold over 19m (included 285.2 g/t Au over 6.0 meters) was announced in January 2020. A major advanced project in Newfoundland is the Valentine Project that has proven and probable reserves of 1.87 million ounces of gold and a resource estimates of 3 million M&I ounces of gold,” added Investor Intel. TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) Increased its Land Position TRU Precious Metals Corp. just announced the acquisition of a significant claims package contiguous with the Company’s flagship Golden Rose Project in Central Newfoundland’s Gold Belt. TRU has acquired, via indirect staking, 62.25 square kilometres (km2) of mineral claims contiguous with the existing Golden Rose Project, increasing the property size by almost 60% from 105 km2 to 167.25 km2 along and adjacent to the Cape Ray - Valentine Lake Shear Zone. Joel Freudman, Co-Founder and CEO of TRU, commented: “Consistent with TRU’s stated strategic objective to add or expand properties of merit along the Shear Zone, this acquisition adding to our district-scale Golden Rose Project is very exciting for us, and comes at only minimal staking costs. This consolidation provides better coverage of a 23 km section of a possible splay structure, or offshoot, adjacent to the main Shear Zone. Importantly, this 23 km long splay structure is very underexplored and is known to host gold mineralization, which automatically makes the Claims an early focus of TRU’s field programs at Golden Rose.” The Claims are located along a structural corridor believed to be a splay of the Shear Zone containing anomalous gold and arsenic in lake sediments. Several recent gold occurrences on the Golden Rose Project are interpreted to be associated with this splay structure. These include the Jacobs Pond gold zone (hand trenching returned grab samples grading from 0.8 grams per tonne (g/t) gold (Au) to 2.2 g/t Au) and the Rose Gold showing (hand trenching returned grab samples grading from 3.3 g/t Au to 20.2 g/t Au). Additionally, visible gold grains have been panned along the trend of this structural corridor. The Claims also contain a historic grid hosting anomalous gold in soil values including 110ppb gold in soil. Other historic gold showings that appear to be located along the structural corridor include the Sansu gold showing (3.5 g/t Au in grab samples) and the Big Arm gold showing (16 g/t Au). Other related developments from around the markets include: Altius Minerals Corporation reported attributable royalty revenue of $17.8 million ($0.43 per share) for the quarter ended March 31, 2021 which was up 9% from royalty revenue of $16.3 million ($0.39 per share) reported in Q1 2020. Adjusted EBITDA for the quarter was $14.6 million or $0.35 per share, up 15% from Adjusted EBITDA of $12.7 million ($0.30 per share in Q1 2020. The adjusted EBITDA margin for the quarter was 82%. Adjusted operating cash flow of $8.8 million or $0.21 per share is down by 33% from the comparable quarter last year mainly because of the deferred timing of corporate tax installments during the prior year period. New Found Gold Corp. announced recently received assay results from four holes drilled at the Lotto Zone, located approximately 2km north of the Keats Zone discovery. These holes were completed as part of the Company’s ongoing 200,000m diamond drill program at its 100% owned Queensway Project, located on the Trans-Canada Highway 15km west of Gander, Newfoundland. Marathon Gold Corporation announced that they have concluded a Memorandum of Understanding relating to the Environmental Assessment and development of the Valentine Gold Project located in central Newfoundland. The MOU was signed by Matt Manson, President and CEO of Marathon, and Miawpukek Chief Mi’sel Joe. The MOU provides for a process of ongoing engagement and consultation between Marathon and Miawpukek. This will include, amongst other things, the completion of a Traditional Knowledge/Traditional Land and Resource Use Study, funding for a community-based Liaison Officer, and the commencement of negotiations towards a Socio-Economic Agreement. Exploits Discovery Corp. announced that the Company has entered into a 50/50 per-cent staking syndicate agreement with Crest Resources Inc. and acquired through staking the 100% owned PB Hill Property located in prospective siliciclastic sediments of the Exploits Subzone Gold Belt, Newfoundland. Following recent discoveries in the Exploits Subzone Gold Belt of Newfoundland, early indications of success across the region show the potential for a district size gold camp that’s being compared to Ontario and Quebec’s Abitibi Greenstone Belt. Although the Exploits Subzone Gold Belt is different in age; similar rheological processes involving gold mobilization in deep seated structures, emplacing gold in later stage secondary, tertiary and quaternary structures indicate the opportunity for thousands of square kilometers of underexplored gold potential. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. TRU Precious Metals Corp. has paid three thousand five hundred dollars for advertising and marketing services to be distributed by Winning Media. Winning Media is only compensated for its services in the form of cash-based compensation. Winning Media owns ZERO shares of TRU Precious Metals Corp. Please click here for full disclaimer. Contact Information: 2818047972 ty@LifeWaterMedia.com
This is Why Miners are Quickly Heading to the Central Newfoundland Gold Belt June 24, 2021 - Baystreet.ca The Central Newfoundland Gold Belt (CNGB) is seeing a significant amount of interest from investors and gold explorers. In fact, one of the major players in the region, Marathon Gold Corporation (TSX:MOZ)(OTC:MGDPF), “has opened people’s eyes to the potential for Newfoundland – and the Maritimes in general – to host large scale gold deposits,” said Matt Manson President and CEO, as quoted by Resource World. Also operating in the region, TRU Precious Metals Corp.’s (TSXV:TRU)(OTCQB:TRUIF) Golden Rose Project lies on strike with Marathon Gold’s Valentine Lake Project on a structural corridor that transects the full length of the project. Other companies benefiting from the CNGB are Altius Minerals Corporation (TSX:ALS)(OTC:ATUSF), New Found Gold Corp. (TSXV:NFG)(OTC:NFGFF), and Exploits Discovery Corp. (CSE:NFLD)(OTC:NFLDF). “A wave of junior miners are rushing to get land positions in the area after the New Found Gold Corp. discovery of 92.86 g/t gold over 19m (included 285.2 g/t Au over 6.0 meters) was announced in January 2020. A major advanced project in Newfoundland is the Valentine Project that has proven and probable reserves of 1.87 million ounces of gold and a resource estimates of 3 million M&I ounces of gold,” added Investor Intel. TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) Increased its Land Position TRU Precious Metals Corp. just announced the acquisition of a significant claims package contiguous with the Company’s flagship Golden Rose Project in Central Newfoundland’s Gold Belt. TRU has acquired, via indirect staking, 62.25 square kilometres (km2) of mineral claims contiguous with the existing Golden Rose Project, increasing the property size by almost 60% from 105 km2 to 167.25 km2 along and adjacent to the Cape Ray - Valentine Lake Shear Zone. Joel Freudman, Co-Founder and CEO of TRU, commented: “Consistent with TRU’s stated strategic objective to add or expand properties of merit along the Shear Zone, this acquisition adding to our district-scale Golden Rose Project is very exciting for us, and comes at only minimal staking costs. This consolidation provides better coverage of a 23 km section of a possible splay structure, or offshoot, adjacent to the main Shear Zone. Importantly, this 23 km long splay structure is very underexplored and is known to host gold mineralization, which automatically makes the Claims an early focus of TRU’s field programs at Golden Rose.” The Claims are located along a structural corridor believed to be a splay of the Shear Zone containing anomalous gold and arsenic in lake sediments. Several recent gold occurrences on the Golden Rose Project are interpreted to be associated with this splay structure. These include the Jacobs Pond gold zone (hand trenching returned grab samples grading from 0.8 grams per tonne (g/t) gold (Au) to 2.2 g/t Au) and the Rose Gold showing (hand trenching returned grab samples grading from 3.3 g/t Au to 20.2 g/t Au). Additionally, visible gold grains have been panned along the trend of this structural corridor. The Claims also contain a historic grid hosting anomalous gold in soil values including 110ppb gold in soil. Other historic gold showings that appear to be located along the structural corridor include the Sansu gold showing (3.5 g/t Au in grab samples) and the Big Arm gold showing (16 g/t Au). Other related developments from around the markets include: Altius Minerals Corporation reported attributable royalty revenue of $17.8 million ($0.43 per share) for the quarter ended March 31, 2021 which was up 9% from royalty revenue of $16.3 million ($0.39 per share) reported in Q1 2020. Adjusted EBITDA for the quarter was $14.6 million or $0.35 per share, up 15% from Adjusted EBITDA of $12.7 million ($0.30 per share in Q1 2020. The adjusted EBITDA margin for the quarter was 82%. Adjusted operating cash flow of $8.8 million or $0.21 per share is down by 33% from the comparable quarter last year mainly because of the deferred timing of corporate tax installments during the prior year period. New Found Gold Corp. announced recently received assay results from four holes drilled at the Lotto Zone, located approximately 2km north of the Keats Zone discovery. These holes were completed as part of the Company’s ongoing 200,000m diamond drill program at its 100% owned Queensway Project, located on the Trans-Canada Highway 15km west of Gander, Newfoundland. Marathon Gold Corporation announced that they have concluded a Memorandum of Understanding relating to the Environmental Assessment and development of the Valentine Gold Project located in central Newfoundland. The MOU was signed by Matt Manson, President and CEO of Marathon, and Miawpukek Chief Mi’sel Joe. The MOU provides for a process of ongoing engagement and consultation between Marathon and Miawpukek. This will include, amongst other things, the completion of a Traditional Knowledge/Traditional Land and Resource Use Study, funding for a community-based Liaison Officer, and the commencement of negotiations towards a Socio-Economic Agreement. Exploits Discovery Corp. announced that the Company has entered into a 50/50 per-cent staking syndicate agreement with Crest Resources Inc. and acquired through staking the 100% owned PB Hill Property located in prospective siliciclastic sediments of the Exploits Subzone Gold Belt, Newfoundland. Following recent discoveries in the Exploits Subzone Gold Belt of Newfoundland, early indications of success across the region show the potential for a district size gold camp that’s being compared to Ontario and Quebec’s Abitibi Greenstone Belt. Although the Exploits Subzone Gold Belt is different in age; similar rheological processes involving gold mobilization in deep seated structures, emplacing gold in later stage secondary, tertiary and quaternary structures indicate the opportunity for thousands of square kilometers of underexplored gold potential. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. TRU Precious Metals Corp. has paid three thousand five hundred dollars for advertising and marketing services to be distributed by Winning Media. Winning Media is only compensated for its services in the form of cash-based compensation. Winning Media owns ZERO shares of TRU Precious Metals Corp. Please click here for full disclaimer. Contact Information: 2818047972 ty@LifeWaterMedia.com