Trueclaim Exploration Inc. Identifies Significant Silver Zone on Its Arizona Property; 6.8 Ounces Per Tonne (213 Grams Per To...
September 15 2011 - 8:23AM
Marketwired Canada
Trueclaim Exploration Inc. ("Trueclaim") (TSX VENTURE:TRM)(OTCQX:TRMNF) recently
finished a field mapping and sampling program on its Richmond Basin Property
located 10 miles (16 kilometers) north of the city of Globe and two hours by
road east of Phoenix, AZ.
Additional geological consultants under the direction of Arizona project
geologist Nick Barr were brought on-site during the summer to expedite the field
mapping program. The intention was to concentrate on an area not yet explored by
Trueclaim. The main focus was the McMorris vein system where several historical
trenches were found. An area of just over 264.4 acres (107 hectares) was mapped
and multiple alteration trends were seen. During a two week period over 180
samples were taken in the area.
Four trenches along the McMorris vein were mapped, thoroughly sampled, and
produced the following results:
--------------------------------------------------------
Length Ag Ag
Trench ft (m) ppm oz/t
--------------------------------------------------------
1 55.0 (16.8) 227.7 7.3
2 50.0 (15.2) 181.2 5.8
3 60.0 (18.3) 323.9 10.4
4 30.0 (9.1) 119.0 3.8
--------------------------------------------------------
These combined results produced a grade of 6.8 oz/t (213ppm) along exposed
portions totalling 145 feet within an overall length of 195.0 feet (59.4m) along
the McMorris Vein. Samples were taken every 5ft (1.52m) in the exposed trenches.
Mapping has indicated a vein width of approximately 10ft (3.0m). Diamond
drilling is required to confirm the vein width. Within these trench intervals
the highlight intervals are seen below:
--------------------------------------
Highlight Intervals
--------------------------------------------------------
Length Ag Ag
Trench ft (m) ppm oz/t
--------------------------------------------------------
3 15 (4.6) 1031.7 33.2
1 20 (6.1) 287.0 9.2
2 20 (6.1) 232.2 7.5
1 25 (7.6) 226.6 7.3
--------------------------------------------------------
To view the maps accompanying this press release please click on the following
link: http://media3.marketwire.com/docs/TRM0915.pdf
Eighty additional small trenches were mapped and sampled thoroughly in the
examined area. Of the 180 samples taken 53 samples assayed over 3.2oz/t (100ppm)
silver. The samples also assayed anomalous copper, lead and zinc values.
The Pre-Cambrian Ruin Granite hosts many shear zones and multiple types of
alteration including hematite, ankerite, and chlorargyrite (silver chloride).
The anomalous silver values are highly associated with variations in magnetic
susceptibility and increased chlorargyrite alteration in the area.
The highlights, samples over 3.2 oz/t (100 ppm) silver, taken from small and
large trenches are shown below:
--------------------------------------------------------------------
Sample ID Ag ppm Ag oz/t Cu % Pb % Zn %
--------------------------------------------------------------------
E5105693 3310 106.4 0.84 0.71 0.14
61825 1725 55.5 0.03 0.11 0.08
E5105694 1190 38.3 0.50 0.48 0.08
61826 786 25.3 0.03 0.06 0.08
61814 651 20.9 0.06 0.08 0.07
61881 641 20.6 0.04 0.31 0.06
61812 599 19.3 0.05 0.04 0.07
61804 597 19.2 0.15 0.14 0.15
61827 584 18.8 0.04 0.04 0.11
61854 527 16.9 0.01 0.23 0.02
E5105696 524 16.8 0.11 0.36 0.05
E5105739 475 15.3 0.02 0.06 0.05
61879 411 13.2 0.02 0.25 0.04
61877 405 13.0 0.28 0.18 0.06
61807 352 11.3 0.17 0.55 0.25
E5105684 351 11.3 0.10 0.31 0.10
61810 282 9.1 0.11 0.41 0.16
61821 277 8.9 0.02 0.04 0.02
61846 252 8.1 0.02 0.06 0.02
61843 230 7.4 0.10 0.18 0.19
61829 226 7.3 0.06 0.18 0.10
E5105707 218 7.0 0.18 0.42 0.06
61853 215 6.9 0.01 0.16 0.01
61876 189 6.1 0.15 0.18 0.08
E5105700 180 5.8 0.02 0.09 0.06
61820 174 5.6 0.05 0.12 0.02
E5105743 174 5.6 0.06 0.33 0.16
61823 173 5.6 0.01 0.02 0.02
61883 173 5.6 0.01 0.18 0.03
61822 166 5.3 0.01 0.01 0.01
61882 159 5.1 0.01 0.03 0.01
61802 151 4.9 0.08 0.17 0.10
61801 142 4.6 0.25 0.06 0.24
61849 135 4.3 0.02 0.06 0.08
61832 133 4.3 0.06 0.12 0.12
E5105698 133 4.3 0.16 0.90 0.11
E5105682 131 4.2 0.13 0.47 0.43
61805 129 4.1 0.04 0.07 0.07
61840 125 4.0 0.05 0.09 0.02
61817 119 3.8 0.06 0.18 0.02
61811 116 3.7 0.06 0.14 0.08
61862 116 3.7 0.01 0.16 0.01
61803 114 3.7 0.10 0.09 0.08
61837 114 3.7 0.04 0.04 0.08
61845 114 3.7 0.03 0.07 0.07
E5105688 107 3.4 0.13 0.65 0.28
E5105706 107 3.4 0.02 0.13 0.05
61809 105 3.4 0.08 0.35 0.16
61844 105 3.4 0.06 0.13 0.08
61848 105 3.4 0.06 0.11 0.14
E5105742 105 3.4 0.03 0.31 0.03
61831 100 3.2 0.05 0.01 0.11
61841 100 3.2 0.01 0.01 0.01
--------------------------------------------------------------------
The mineralization surrounding the McMorris vein remains open for extension to
the east, south west and at depth. Based on these very positive results, from
not only silver but from the copper-gold structure announced in previous press
releases, Trueclaim has applied for a permit to drill some of these targets.
The Company expects to provide an update within two weeks on recent work done on
the copper zone discussed in its new release dated June 2, 2011.
The Company has the right to earn a 100% working interest in the property
pursuant to an agreement made with Black Diamond Exploration, Inc.
We seek safe harbour.
ON BEHALF OF THE BOARD
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.
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