Trueclaim Exploration Inc.
TSX VENTURE : TRM

September 15, 2009 11:31 ET

Trueclaim Expands Land Holdings at the Scadding Gold Property

ST. THOMAS, ONTARIO--(Marketwire - Sept. 15, 2009) - Trueclaim Exploration Inc. (the "Company") (TSX VENTURE:TRM) is pleased to announce several advancements in the development of its Scadding Gold Property (the "Property") located approximately 50 kilometres northeast of Sudbury, Ontario.

The Company has appointed Mr. Robert G. Komarechka B.Sc., P.Geo., P.Geol., F.C.Gm.A. of Bedrock Research Corp. to be the geologist in charge of the work program being conducted on the Property, including an initial 2,500 metres of diamond drilling to be done by Malette Drilling Inc. of Kenora, Ontario. Mr. Komarechka is a professional geologist, registered in the provinces of Ontario and Alberta, as well as a gemmologist registered with the Canadian Gemmological Association. Bob graduated with a BSc Geology Major from Laurentian University in Sudbury, Ontario. For over 25 years, he has offered geological exploration consulting and project management services on a wide variety of commodities to select clients throughout Canada and the USA. Prior to establishing his consulting company, he was employed at INCO, Noranda, Falconbridge and the Ontario Ministry of Northern Development and Mines. Mr. Komarechka has extensive experience in the Property area including the undertaking of the Ontario Government's Mineral Inventory Data Inventory (MDI) and Abandoned Mines Survey Inventory (AMIS) studies.

Historical data about the Property is being compiled by Mr. Komarechka and will be digitized by Caracle Creek International Consulting Inc. ("CCIC"), of Sudbury, Ontario to enable 3-dimensional modeling of the rock and mineralization structures. CCIC is a professional geological consulting company that provides a wide range of geological and engineering services to the mineral exploration and mining industry. CCIC is backed by experienced industry professionals with extensive management and technical skills.

The Company has engaged Mr. Paul C. McLean, M.A.Sc. as a consulting geologist for the Property. Mr. McLean graduated in 1950 from the University of Toronto Faculty of Applied Sciences and Engineering in the course of Mining Geology with a B.A.Sc. in Mining Geology and an M.A.Sc. in Mining Geology. Mr. McLean has been involved with the Property since 1973 when samples taken by him lead to the discovery of showings that were developed into the Scadding Mine.

To further its objective of being a major land-holder on the gold-bearing formations in Scadding and Davis townships, the Company has acquired two additional claim blocks. 1.) The Company has staked approximately 750 acres north and west of the Property to acquire potentially gold-bearing mineralization found by Company personnel during initial reconnaissance of the ground. 2.) On the advice of the Company's consulting geologists, Mr. Paul C. McLean, M.A.Sc. and Mr. Robert G. Komarechka B.Sc., P.Geo., P.Geol., F.C.Gm.A., the company staked approximately 346 acres adjacent to the south boundary of the Property. The Company is also negotiating to acquire other claim blocks that are prospective for gold near the Property.

The Property reportedly produced approximately 914 kg of gold from 127,000 tonnes of ore grading 7.2 g/t Au (grams per tonne gold) during the period from 1984 to 1990. In 1980, P. C. McLean calculated a mineral resource for the Property of 165,400 ounces of gold contained within 539,049 tonnes averaging 0.307 ounces of gold per tonne. This is a historical estimate and was prepared before, and is not compliant with, current National Instrument 43-101 - Standards of Disclosure for Mineral Projects and may not be relied upon until it has been confirmed using methods and standards that comply with those required by NI 43-101. Investors are cautioned that a qualified person has not completed sufficient exploration, test work or examination of past work to define a resource on the Property that is currently compliant with NI 43-101.

We seek Safe Harbor.

ON BEHALF OF THE BOARD OF DIRECTORS

Eric Plexman, President

Forward Looking Statements

Technical information in this news release has been reviewed by Mr. Robert G. Komarechka B.Sc., P.Geo., P.Geol., F.C.Gm.A. 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. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future exploration and financing plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in these statements. 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Trueclaim Exploration Inc.
    Eric Plexman
    519-851-9202
    1-888-686-1405 (FAX)