Trueclaim Announces Results From Summer Field Work at the Tecumseh Property
17 August 2011 - 4:51AM
Marketwired
Trueclaim Exploration Inc. ("Trueclaim") (TSX VENTURE: TRM)(PINK
SHEETS: TRMNF)(OTCQX: TRMNF) is pleased to provide a correction to
the news release distributed earlier today wherein samples taken
from the Tecumseh Property were described as grab samples. Except
for samples taken from a stockpile of quartz, all the assays
reported below are from channel samples. The corrected information
is "Trueclaim recently finished a field mapping and sampling
program on the Tecumseh property. The Tecumseh property is located
50 kilometres northeast of Sudbury and 8 kilometres northeast of
the Scadding Gold Property.
The Tecumseh property consists of multiple parallel quartz veins
hosted in Nipissing Diabase. Nipissing Diabase intrusions are well
known intrusions favourable for platinum, palladium and gold
mineralization. The Shakespeare open pit owned and operated by URSA
Major Minerals, located 70km west of Sudbury is in Nipissing
Diabase producing nickel, copper, cobalt, platinum, palladium, gold
and silver.
The quartz veins on the Tecumseh Property are trending East-West
and dipping to the south. Historical trenching has exposed an area
of quartz veining approximately 450 metres by 300 metres. The
trenches provided good exposure to the quartz veins on the
property.
The quartz veins average about 10cm in width. Multiple samples
contain chalcopyrite and visible gold. A total of 28 individual
quartz veins were sampled throughout the property from 14 historic
trenches.
Shown below are the highlights of channel samples collected from
the Tecumseh property and a map showing the sample locations:
------------------------------------
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
Z061753 16.32 0.57
Z061756 15.42 0.54
Z061778 11.13 0.39
Z061780 11.11 0.39
Z061770 7.62 0.27
Z061777 4.3 0.15
Z061747 2.71 0.09
Z061758 2.31 0.08
Z061750 2.04 0.07
Z061766 1.07 0.04
Z061739 1.03 0.04
------------------------------------
To view the map associated with this press release, please click
on the following link:
http://media3.marketwire.com/docs/t816.pdf
Three grab samples were also taken from a pile of quartz
previously removed from historical trenching. The pile covers
approximately 5x5 metres and is piled approximately 1 metre high.
The contents of the pile were dominantly sulphide-bearing quartz
vein material. Assayed gold values from these samples revealed:
------------------------------------
Sample ID Au (g/t) Au (oz/t)
------------------------------------
Z061761 9.89 0.35
Z061762 17.11 0.60
Z061763 2.91 0.10
------------------------------------
Due to the encouraging results obtained from this sampling
program, Trueclaim has applied for a permit to take a 1,000 tonne
bulk sample from the Tecumseh Property. With the close proximity of
this property to the Scadding Mine site it could be economical to
process Tecumseh material on the Scadding Mine-site should a mill
be built there.
The Company has optioned the property from Terry Loney and is
working towards earring a 100% interest in the property.
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
bulk sample 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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