Trueclaim Exploration-Corporate Update
08 Septiembre 2011 - 8:53AM
Marketwired Canada
Trueclaim Exploration Inc. ("Trueclaim") (TSX VENTURE:TRM)(OTCQX:TRMNF) recently
completed the Phase II Drilling Program on the Scadding Mine-site. We are
pleased to provide an update on the drilling progress made at the Scadding
Mine-site since its acquisition.
There are currently five gold-bearing zones known in the vicinity of the
Scadding Mine-site; the North Zone, South Zone, Central Zone, Currie Rose New
Zone and the E-W Pit. All of the zones other than the Central zone have been
drilled by Trueclaim between the autumn of 2009 and the present. The Central
zone was mined underground in the late 1980s. Poor documentation of the
underground workings has made it difficult to plan holes that will miss the
underground workings. Environmental work is currently underway to prepare for an
application for a permit to de-water the workings. This will allow Trueclaim to
have the workings properly surveyed and mapped with the potential to drill from
underground once re-opened.
SRK Consultants (Canada) Inc. ("SRK") was involved in the Phase II drilling
program. SRK helped plan the delineation holes in the North Zone and reviewed
the drill core from the previous programs. SRK recommended that Trueclaim drill
a series of oriented holes to determine the trend of the mineralization. The
advice was followed and oriented holes were drilled in the North Zone, South
Zone and at the E-W Pit. Interestingly, all zones trend the same direction and
changed historical ideas of the overall structure of the property. This is a
very significant step in attempting to define continuity between the zones.
North Zone
In 2009 exploration work included a Phase I 2,000 metre drill program. Three
initial drillholes were located in the North Zone to assess the nature of the
mineralization. Without the technology of Surpac, a 3D modeling program and only
historical data, the best interval in the north was 2.0m at 3.2 g/t. After the
zone had been modeled in 3D it was evident that the holes drilled in 2009 had
just pierced the north eastern edge of the mineralized zone and there was
extensive work to be done in the future. After the 2011 oriented drilling,
whereby the orientation of the North Zone was determined to be striking 310
degrees, the three holes from 2009 oriented at 315 degrees were understood to
have been drilled parallel to bands of chlorite rather than across the bands.
The success of Trueclaim's 2010 drilling program was due, in part, to the 3D
modeling program, Surpac. Geologist Lindsay Moss, B.Sc. P.Geo. modeled the zones
based on historical drill logs compiled from assessment reports. The 3D model
allowed on-site geologists to easily visualize the nature of the chlorite zones
to better target the mineralization. In 2010 the most significant intersection
of the exploration drill program was 19.2m at 12.9 g/t from drillhole TRM-10-07,
however many other noteworthy intersections were drilled during this program
including 9.0m at 2.9g/t and 4.0m at 9.6 g/t.
In January 2011 the Phase II drilling program commenced. In order to use the
planned meterage most efficiently, oriented drilling was initiated on the
property. Drillholes TRM-11-11 to TRM-11-16 were designed to intersect
mineralization in order to collect structural measurements from the core as
suggested by Ivo Vos, Ph.D., P.Geo. The oriented drilling revealed that the
bands of chlorite were striking southeast and dipping moderately towards the
southwest. The best intersection from the oriented drilling was 13.0m at 1.9g/t
in drillhole TRM-11-16. From the positive results and consistent data obtained
during orientation drilling a wide-spaced delineation program was planned to
assess the width of the North Zone. Due to the distance between drillholes, only
four of the holes intersected the modeled zone. From the delineation drilling it
has been determined that the zone does not continue along strike to the
southeast or the northwest but does plunge further to the southwest then
previous predicted. More concentrated infill drilling is planned for the future
to determine the extent of the north zone. Below is a list of significant gold
values obtained in the North Zone drilling:
--------------------------------------------------------------------------
From To Interval Grade
Hole ID (m (ft)) (m (ft)) (m (ft)) (g/t)
--------------------------------------------------------------------------
TRM-09-03 79.7 (261.4) 80.4 (263.7) 0.7 (2.3) 2.5
TRM-09-03 89 (291.9) 89.9 (294.8) 0.9 (2.9) 2.8
TRM-09-03 99.0 (324.7) 101.0 (331.3) 2.0 (6.6) 3.2
TRM-09-04 85.6 (280.8) 86.7 (284.4) 1.1 (3.6) 7.0
TRM-09-05 89.4 (293.2) 89.9 (294.9) 0.5 (1.7) 55.0
TRM-10-01 19.0 (62.3) 20.0 (65.6) 1.0 (3.3) 2.8
TRM-10-02 30.0 (98.4) 34.0 (111.5) 4.0 (13.1) 9.6
TRM-10-06 70.0 (231.0) 72.0 (237.6) 2.0 (6.6) 22.3
TRM-10-06 96.0 (316.8) 100.0 (330.0) 4.0 (13.1) 2.3
TRM-10-07 52.4 (171.9) 71.6 (234.8) 19.2 (62.9) 12.9
TRM-10-07 94.4 (309.6) 95.9 (314.5) 1.5 (4.9) 1.1
TRM-10-07 98.0 (323.4) 98.9 (326.4) 0.9 (3.0) 3.9
TRM-10-07 110.2 (363.6) 112.0 (369.6) 1.8 (5.9) 25.6
TRM-10-10 41.0 (135.3) 43.7 (144.2) 2.6 (8.9) 4.5
TRM-10-10 50.0 (165.0) 59.0 (194.7) 9.0 (29.7) 2.9
TRM-10-10 61.0 (201.3) 62.0 (204.6) 1.0 (3.3) 1.3
TRM-11-11 46.1 (151.2) 56.0 (183.7) 9.9 (32.5) 1.4
TRM-11-12 32.0 (105.0) 38.0 (124.7) 6.0 (19.7) 2.8
TRM-11-12 63.6 (208.6) 68.0 (223.0) 4.4 (14.4) 0.7
TRM-11-13 97.0 (318.2) 99.0 (324.8) 2.0 (6.6) 0.4
TRM-11-14 61.0 (200.1) 66.0 (216.5) 5.0 (16.4) 2.4
TRM-11-14 99.6 (326.6) 100.1 (328.3) 0.5 (1.7) 5.9
TRM-11-14 104.7 (343.5) 113.0 (370.7) 8.3 (27.2) 1.4
TRM-11-15 10.0 (32.8) 16.6 (54.5) 6.6 (21.7) 1.0
TRM-11-15 30.0 (98.4) 40.0 (131.2) 10.0 (32.8) 3.5
TRM-11-16 38.5 (126.3) 51.5 (169.0) 13.0 (42.7) 1.9
TRM-11-30 84.0 (275.6) 87.3 (286.4) 3.3 (10.8) 5.8
TRM-11-31 62.0 (203.4) 65.7 (215.6) 3.7 (12.2) 1.9
TRM-11-31 76 (249.3) 79 (259.1) 3.0 (9.8) 3.7
TRM-11-36 40.0 (131.2) 41.0 (134.5) 1.0 (3.3) 1.1
TRM-11-36 51.0 (167.3) 53.0 (173.9) 2.0 (6.6) 1.5
TRM-11-39 122.3 (401.1) 127.5 (418.3) 5.2 (17.2) 2.4
TRM-11-39 137.5 (451.0) 140.1 (459.5) 2.6 (8.5) 1.1
TRM-11-39 153.0 (502.0) 158.0 (518.4) 5.0 (16.4) 0.7
TRM-11-40 41.6 (136.6) 42.6 (139.9) 1.0 (3.3) 4.3
TRM-11-40 143.2 (469.8) 152.0 (498.7) 8.8 (28.9) 0.9
TRM-11-44 122.5 (401.9) 124.0 (406.8) 1.5 (4.9) 1.9
TRM-11-46 46.0 (150.9) 49.0 (160.7) 3.0 (9.8) 2.2
--------------------------------------------------------------------------
South Zone
Prior to Trueclaim's work, the South Zone had only been intersected by one
drillhole in 1979. W35 intersected two zones, 12.8m at 9.34g/t and 4.0m at
2.28g/t. In 2009 Trueclaim drilled an interval of 10.1m at 3.5g/t. This
drillhole was significant in that it allowed Trueclaim to see the potential of
the South Zone. Five other holes were drilled in the South Zone during 2009.
In 2010, only one hole was drilled in the South Zone during the Phase I drill
program. There was a significant amount of fractured rock in the area due to
historical blasting which caused difficulty in drilling and inhibited more holes
from being drilled in this zone.
In 2011, the Phase II drilling program started with new information and
more-experienced drillers in the South Zone. Holes TRM-11-01 to TRM-11-10 were
successful in intersecting mineralized chlorite. The most significant drillhole
was TRM-11-10; it indicated continuity between the Central Zone and the South
Zone through very visually similar mineralization from both zones, and was
located 30m from the underground ramp. TRM-11-10 graded 15.8m at a grade of
5.4g/t. Other highlights of the drilling were 19.0m at 2.5g/t and 10.0m at
1.2g/t. While drilling oriented core, 4 holes (TRM-11-26 to TRM-11-29) were
drilled in the South Zone to establish the orientation of the chlorite units in
this zone. Compiled data revealed that the South Zone was trending consistently
with other zones on the property. TRM-11-28A intersected a zone of 9.44m at
2.5g/t. (Note: The letter "A" behind the drillhole ID was assigned because
multiple holes were drilled from the same setup.) The encouraging results from
the South Zone have initiated planning of delineation drilling.
--------------------------------------------------------------------------
From To Interval Grade
Hole ID (m (ft)) (m (ft)) (m (ft)) (g/t)
--------------------------------------------------------------------------
TRM-09-02 26.9 (88.8) 37.0 (122.1) 10.1 (33.3) 3.5
TRM-09-02 42.9 (141.6) 43.5 (143.6) 0.6 (2.0) 3.9
TRM-09-06 69.1 (228.0) 70.0 (231.0) 0.9 (3.0) 27.9
TRM-09-07 33.7 (111.2) 35.0 (115.5) 1.3 (4.3) 2
TRM-09-07 46.5 (153.5) 47.5 (156.8) 1.0 (3.3) 2.1
TRM-09-09 16.0 (52.8) 17.0 (56.1) 1.0 (3.3) 2.4
TRM-10-11 52.8 (174.2) 54.0 (178.2) 1.2 (4.0) 11.2
TRM-10-11 70.0 (231.0) 71.0 (234.3) 1.0 (3.3) 3.2
TRM-11-01 3.0 (9.9) 7.0 (23.1) 4.0 (13.2) 3.0
TRM-11-02 16.0 (52.5) 26.0 (85.3) 10.0 (32.8) 1.2
TRM-11-02 47.0 (154.2) 52.0 (170.6) 5.0 (16.4) 2.3
TRM-11-03 17.5 (57.4) 18.5 (60.7) 1.0 (3.3) 1.1
TRM-11-03 32.0 (105.0) 51.0 (167.3) 19.0 (62.3) 2.5
TRM-11-06 45.2 (148.4) 46.0 (150.9) 0.8 (2.5) 7.8
TRM-11-06 59.7 (197.0) 60.8 (200.6) 1.1 (3.6) 1.0
TRM-11-08 49.0 (160.8) 50.0 (164.1) 1.0 (3.3) 5.4
TRM-11-09 27.0 (88.6) 28.0 (91.9) 1.0 (3.3) 7.3
TRM-11-09 47.0 (155.1) 52.0 (171.6) 5.0 (16.5) 2.2
TRM-11-10 21.6 (71.3) 23.0 (75.9) 1.4 (4.6) 1.2
TRM-11-10 53.0 (173.8) 68.8 (225.7) 15.8 (51.9) 5.4
TRM-11-26 42.2 (138.3) 44.73 (146.7) 2.58 (8.46) 3.2
TRM-11-26 56.1 (184.0) 56.59 (185.6) 0.50 (1.63) 1.7
TRM-11-27 44.0 (144.3) 45.48 (149.2) 1.48 (4.9) 1.1
TRM-11-28A 27.4 (89.7) 36.8 (120.7) 9.4 (31.0) 2.5
TRM-11-29 21.8 (71.9) 22.8 (75.2) 1.0 (3.3) 1.3
TRM-11-29 24.0 (78.7) 25.0 (82.0) 1.0 (3.3) 8.9
--------------------------------------------------------------------------
Currie Rose New Zone
The Currie Rose New Zone was first discovered in 1997 by Currie Rose Resources
Inc. There were 4 holes with significant assays drilled previous to Trueclaim
acquiring the property, as shown below:
--------------------------------------------------------------------------
From To Interval Grade
Hole ID (m (ft)) (m (ft)) (m (ft)) (g/t)
--------------------------------------------------------------------------
CR20 16.8 (55.4) 19.4 (64.0) 26.0 (8.6) 3.3
CR20 27.6 (91.1) 30.7 (101.3) 3.1 (10.2) 17.2
CR25 53.2 (175.6) 59.3 (195.7) 6.1 (20.1) 32.2
CR27 63.3 (208.9) 66.8 (220.4) 3.5 (11.5) 10.3
CR33 48.9 (161.4) 56.5 (186.5) 7.6 (25.1) 5.5
--------------------------------------------------------------------------
The New Zone appears to consist of narrow high-grade seams of chlorite. In early
drilling, Trueclaim obtained values of 47.6g/t over 1.0m from TRM-09-13 and
94.5g/t over 1.5m from TRM-11-22.
In 2011, during the Phase II drill program, seven successful holes were drilled
in the New Zone. Most notably were TRM-11-22 that graded 94.5g/t over 1.5m and
TRM-11-20 grading 21.5g/t over 1m. Following the drilling in the Currie Rose New
Zone, Trueclaim commenced oriented drilling in the E-W Pit and the South Zone.
It was interesting that all zones drilled with oriented core were trending in
the same direction. This supports the idea that the Currie Rose New Zone is open
to the north as well as along strike to the northwest and southeast. It has been
suggested that the reason the mineralization encountered to date in this zone is
narrow and high grade is because it is on the fringe of a larger body.
--------------------------------------------------------------------------
From To Interval Grade
Hole ID (m (ft)) (m (ft)) (m (ft)) (g/t)
--------------------------------------------------------------------------
TRM-09-10 15.0 (49.5) 16.0 (52.8) 1.0 (3.3) 1.8
TRM-09-10 22.0 (72.6) 23.0 (75.9) 1.0 (3.3) 1.8
TRM-09-13 66.0 (217.8) 67.0 (221.1) 1.0 (3.3) 47.6
TRM-11-18 52.0 (170.6) 55.7 (182.7) 3.7 (12.1) 12.3
TRM-11-20 63.0 (206.7) 64.0 (210.0) 1.0 (3.3) 21.5
TRM-11-22 31.5 (103.4) 33.0 (108.3) 1.5 (4.9) 94.5
TRM-11-23 53.3 (174.7) 57.5 (188.5) 3.5 (13.8) 1.5
--------------------------------------------------------------------------
East-West Pit
The East-West Pit historically had 34,125 tons grading 8.6g/t (0.3oz/t) removed
by surface mining. The Scadding property was originally discovered because of
mineralization at the East-West Pit. Drillhole logs for the East-West Zone
submitted to government assessment files by previous operators of the property
contain no assay data, only geological logs.
Due to an initial lack of data and incomplete understanding of the
mineralization in the East-West Pit, no drillholes were put into it by Trueclaim
prior to the Phase II Drill Program because time was required for trenching and
field mapping. In 2011, following the summer field season, two drillholes were
drilled on the west side of the East-West Pit, TRM-11-24 and TRM-11-25, for
orientation purposes. Later in the Phase II the program the drill returned to
the zone and 3 holes were drilled (TRM-11-46 to TRM-11-48) to follow up on data
acquired from orientation drilling. One hole was significant and hit a new zone
of mineralization grading 1.4g/t over 10.3m. This drillhole was drilled at the
north-east corner of the pit and oriented towards the northeast, away from the
E-W Pit. Trueclaim geologists are planning on more drilling to the north of the
pit to explore these new findings.
--------------------------------------------------------------------------
From To Interval Grade
Hole ID (m (ft)) (m (ft)) (m (ft)) (g/t)
--------------------------------------------------------------------------
TRM-11-24 54.5 (179.9) 55.1 (181.8) 0.6 (1.9) 1.5
TRM-11-48 98.0 (323.4) 103.0 (339.9) 5.0 (16.5) 4.5
TRM-11-48 128.8 (425.0) 139.0 (458.7) 10.3 (33.7) 1.4
--------------------------------------------------------------------------
It has become evident that oriented-core drilling and 3D modeling are important
tools in advancing the Scadding project. The oriented-core drilling of the Phase
II drilling program was essential in determining the previously misunderstood
orientation of auriferous chlorite breccia.
Quality Assurance
Trueclaim has implemented a rigorous quality assurance/quality control program
at the Scadding property using best industry practices and supervised by Ms
Lindsay Moss, P. Geo. Independent third party review will be under taken in the
near future.
PROPERTY ACQUISTIONS
As a result of property acquisitions and consolidation, the Company now holds
under option or directly approximately 17,000 hectares (42,000 acres) in The
East Wahnapitae Area (inclusive of the original Scadding mine site and outlying
properties) either directly or under option. The Scadding Township and Davis
Township area has more gold occurrences than any other similar sized area in the
Sudbury Mining District.
We seek safe harbour.
ON BEHALF OF THE BOARD
TRUECLAIM EXPLORATION INC.
John Carter, President
To view the map accompanying this press release please click on the following
link: http://media3.marketwire.com/docs/TRM0908.pdf
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.
Trueclaim Exploration (TSXV:TRM)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Trueclaim Exploration (TSXV:TRM)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
