Trueclaim Announces Approval for Bulk Sampling on the Tecumseh Property
29 September 2011 - 10:32PM
Marketwired
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.
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.trueclaimexploration.com
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