Trueclaim Exploration Inc.
TSX VENTURE : TRM

December 21, 2009 12:55 ET

Trueclaim Exploration Inc. Announces Completion of its Phase I Scadding Property Drill Program

ST. THOMAS, ONTARIO--(Marketwire - Dec. 21, 2009) - Trueclaim Exploration Inc. (the "Company") (TSX VENTURE:TRM) has completed the first phase of its Scadding Property drill program. The Company completed 19 holes within four broad zones for a total of 2,111 metres. The distribution of holes was as follows:

Zone Holes Total
North Zone TRM-09-03, TRM-09-04, TRM-09-05, TRM-09-06, TRM-09-14, TRM-09-16, TRM-09-17 7
Central Zone TRM-09-10, TRM-09-11, TRM-09-12, TRM-09-13, TRM-09-15 5
East-West Zone TRM-09-18, TRM-09-19 2
South Zone TRM-09-01, TRM-09-02, TRM-09-07, TRM-09-08, TRM-09-09 5
Total   19

The distribution of drill targets was prepared following a comprehensive review of all previous drill programs carried out on the property. This included all of the drilling done prior to and after the Scadding Property was in production between 1987 and 1989. At that time the mill located on the property produced approximately 31,200 ounces of gold from the East-West and Central Zones. This production came from a non-NI43-101-compliant historic resource in these zones estimated to be approximately 165,000 ounces of gold.

On the basis of the prior workings the Company's team of geologists prepared a preliminary geologic model outlining the anticipated structures and zones on the property. As Bob Komarechka, P.Geo., the Company's senior project geologist noted, "We are very pleased with the outcome of the drill program. The preparation and planning we carried out allowed us to successfully target and intercept several mineralized zones as our model predicted."

The President of Trueclaim, Mr. John Carter also noted, "The drill program was a broad-based team effort that was executed exactly as planned. The targets identified by Paul McLean, P.Geo., consulting geologist, Bob Komarechka P.Geo., senior project geologist and Lindsay Moss, BSc. Geology, project geologist, gave us an excellent Phase I look at the property and we're now looking forward to receiving the assay results from all 19 holes. The program has gone so well that we expect to bring the drillers back in early January."

The drill core from all of the holes is now being assayed and processed at AGAT Laboratories in Toronto and SGS in Lakefield, Ontario. The Company's geologists will be compiling the results into a full three-dimensional model in December and January and will use the results to create a comprehensive picture of the Scadding geology and prepare for the Phase II drill program in 2010.

We seek Safe Harbour.

ON BEHALF OF THE BOARD

TRUECLAIM EXPLORATION INC.

"John Carter" (signed)

Technical information in this news release has been reviewed by Mr. Bob 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. 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) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Trueclaim Exploration Inc.
    John Carter
    President
    519-851-9202
    1-888-686-1405 (FAX)