Trueclaim Announces Significant Copper Mineralization at Arizona Silver Project
02 Juin 2011 - 7:53PM
Marketwired Canada
Trueclaim Exploration Inc. ("Trueclaim") (TSX VENTURE:TRM)(OTCQX:TRMNF) is
excited to report that recent examination of several old workings on the
Richmond Basin Silver Property (the "Property") has revealed two new anomalous
areas of gold, copper and silver mineralization. These locations are located
approximately 2.4 km. south of the McMorris silver mine shaft. Selected assays
from these two areas of surface grab samples collected from Trueclaim's claims
within the Richmond Basin area are shown in the first table below.
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Au Au
Sample # Area g/t oz/ton Ag g/t Ag oz/ton Cu %
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70553(i) Black Copper Vein 1.783 0.052 6.857 0.20 5.584
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70555(i) Black Copper Vein 2.057 0.060 0.001 0.05 7.451
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less than less than
70557(i) Black Copper Vein 1.78 0.052 0.001 0.05 7.070
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E5096668 Black Copper Vein 2.873 0.084 7.65 0.233 3.764
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E5096666 Barr Float 0.005 0.000 3040 88.666 9.389
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E5096667 Barr Float 0.015 0.000 2852 83.183 8.312
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Table 1: (i) denotes samples assayed by Jacobs Assay Office of Tucson
Arizona. All other samples were assayed by Accurassay Laboratories of
Thunder Bay, Ontario.
Additional grab samples from other locations on the claims, recently received
from ALS Laboratories of Vancouver, have revealed further anomalous values of
both copper and silver, as shown in the table below.
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Au Au
Sample # Area g/t oz/ton Ag g/t Ag oz/ton Cu %
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70559 Richmond Basin 1.145 0.033 28.6 0.834 4.1
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70560 Richmond Basin 0.002 0.000 1100 32.083 0.664
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70564 Richmond Basin 0.019 0.002 806 23.51 0.263
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greater greater
than than
70565 Richmond Basin 0.005 0.000 10000 291.668 1.52
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70566 Richmond Basin 0.009 0.000 2900 84.583 7.64
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70570 Richmond Basin 0.023 0.001 785 22.896 0.2490
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70571 Richmond Basin 0.024 0.001 1295 37.771 0.670
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Note: To view "Map showing area of samples collected in table 1.", please click
the following link: http://media3.marketwire.com/docs/trm0602a.pdf.
The Black Copper Vein mineralization trend, occurring near the contact of a
limestone unit and a Tertiary aged quartz diorite, was followed along strike and
had at least 2 old shafts and other workings over a linear strike distance of
400 metres. The total strike distance and width of the mineralization still
remains to be determined. A pinch and swell vein up to 4 metres wide of massive
black mineralization was observed near the southwest workings. Samples were
collected from the material extracted from the old workings at two sites about
300 metres apart as shown in the map above. Additional workings with similar
mineralization and malachite were observed along the southwest extension of the
strike at several areas for about 100 meters along the side of a hill.
Mineralized float was observed further along strike to the southwest. The
initial sampling was facilitated by copper indications given by Trueclaim's hand
held X-ray Fluorescent unit. Due to the dark colour and fine grained nature of
this mineralization polished sections will be made to identify the minerals
present.
Note: To view "Photo of copper mineralization from the Black Copper Vein",
please click the following link: http://media3.marketwire.com/docs/trm0602b.pdf.
The presence of significant copper values near a limestone-Tertiary Age diorite
contact is significant in light of the nearby Tertiary aged world class copper
porphyry deposits of the Globe Miami areas approximately 14 kilometres to the
south. Also in the area are former copper-gold producers having "vein
replacement" mineralization similar to that of the Black Copper Vein. Two
examples are the Christmas Mine located 37 kilometres south of the Black Copper
Vein and the Old Dominion Mine located 14 kilometres south of the Black Copper
Vein. Both the Old Dominion Mine and the Black Copper Vein mineralization
include a common NE vein orientated structure and grades of up to 6% Cu with
associated gold values. The map below shows the relationship of structure and
copper porphyry mines in Arizona. Further mapping of the Richmond Basin is now
being undertaken under the direction of Nick Barr, a local Arizona Geologist on
contract with Trueclaim.
The following map shows the copper porphyry trends in Arizona and the location
of the Richmond Basin: http://media3.marketwire.com/docs/trm0602c.pdf.
The Barr float sample was found about 700 metres east of the Black Copper Vein.
This sample consists of a dark grey submetallic mineral with abundant malachite
staining in a fractured matrix of a clay altered quartz diorite. Further mineral
identification work is forthcoming.
Based on the above new mineralization, applications for additional claims have
been made. Quotes for a high resolution low level helicopter geophysical survey
over the area are also being solicited. Additional assays will follow.
We seek safe harbour.
TRUECLAIM EXPLORATION INC.
John Carter, President
Technical information in this news release has been reviewed by Robert
Komarechka, P. Geo. and prepared in accordance with Canadian regulatory
requirements as set out in National Instrument 43-101. 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. 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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