ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

TRM Trueclaim Exploration Inc

0.10
0.00 (0.00%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Trueclaim Exploration Inc TSXV:TRM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.10 0.07 0.10 0 01:00:00

Trueclaim Announces Approval for Bulk Sampling on the Tecumseh Property

29/09/2011 1:32pm

Marketwired Canada


Trueclaim Exploration Inc. ("Trueclaim") (TSX VENTURE:TRM)(OTCQX:TRMNF) is
pleased to announce that on September 13, 2011 it was granted a Bulk Sample
Permit to Test Mineral Content from the Ontario Ministry of Northern
Development, Mines and Forestry. Trueclaim made application on August 15, 2011
to take the bulk sample based on the encouraging results obtained from the
channel sampling program announced August 16, 2011. This permit allows Trueclaim
to remove up to 1,000 tonnes of material from the Tecumseh Property located 50
kilometers northeast of Sudbury and 8 kilometers northeast of the Scadding Mine
Site. 


The Tecumseh property contains multiple parallel quartz veins hosted in
Nipissing Diabase. the veins trend in an east-west orientation and average about
10cm in width. Assay values along one of the wider veins on the property graded
between 4.2g/t to 46.4g/t with an average of 18.2g/t. High grade channel samples
reported previously are shown below:




                -------------------------------------------
                Sample ID          Au (g/t)       Au (oz/t)
                -------------------------------------------
                Z061759               82.52            2.89
                Z061773               59.06            2.07
                Z061776               46.35            1.62
                Z061745               36.94            1.29
                Z061752               22.47            0.79
                -------------------------------------------



Bulk sampling attempts to reduce the nugget effect by taking a large sample. It
can include numerous high gold values and will provide a more uniform
homogeneous sample to give a more accurate assay value. This bulk sample will
assist Trueclaim to determine how to proceed on the property. the location of
the bulk sample is shown on the map provided below. 


Trueclaim continues to move the Scadding Property forward towards a compliant
resource. the peripheral properties represent the potential to provide
additional resources in anticipation of Trueclaim bringing the property into
production upon completion of a resource estimate and feasibility study. 


The Company has optioned the property from Terry Loney and is working towards
earning a 100% interest in the property.


To view Figure 1, please visit the following link:
http://media3.marketwire.com/docs/trmFIG1.pdf


To view Figure 2, please visit the following link:
http://media3.marketwire.com/docs/trmFIG2.pdf


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 bulk sampling 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.


1 Year Trueclaim Exploration Chart

1 Year Trueclaim Exploration Chart

1 Month Trueclaim Exploration Chart

1 Month Trueclaim Exploration Chart

Your Recent History

Delayed Upgrade Clock