Trueclaim Exploration Inc.

July 19, 2011 09:30 ET

Trueclaim is Pleased to Announce the Latest Results From Its Delineation Drill Program as It Moves Towards Building a Compliant Resource at Scadding

LONDON, ONTARIO--(Marketwire - July 19, 2011) - Trueclaim Exploration Inc. ("Trueclaim") (TSX VENTURE:TRM)(OTCQX:TRMNF) recently finished a significant section of its Phase II 8,000 meter drilling program. The first stage of delineation of the North Zone on the Scadding Gold Property (the "Property") was completed with sixteen holes and just under 2,500 meters drilled.

One of the major accomplishments of the Phase II drill program is enhanced definition of the North Zone mineralization. The North Zone has been drilled in two previous programs by Trueclaim with successful results (i.e. TRM-10-07: 19.29m at 12.9 g/t). It is the first zone of the five zones on the property targeted by Trueclaim for the calculation of a compliant resource. Trueclaim contracted SRK Consultants (Canada) Inc. ("SRK") and used oriented drilling to help determine the direction of the mineralization.

The delineation drillholes were planned with the help of SRK. The orientation of the drillholes was chosen so that the intersections of chlorite would give a true width representation of the mineral deposit and would enhance the discovery of new mineralization. The program was very successful in defining the geometry of the mineralization and has extended the modeled envelope in the direction of the southeast and at depth. Due to the large drill spacing used to date, the next stage of delineation in the area will have a much tighter spacing within the mineralized body.

Shown below are the highlights of this recent drilling:

Hole Interval Grade
Hole ID From (m(ft)) To (m(ft)) Length (m(ft)) Au (g/t)
TRM-11-30 84.00(275.59) 87.30(286.41) 3.30(10.83) 5.81
TRM-11-31 62.00(203.41) 65.72(215.61) 3.72(12.20) 1.89
TRM-11-36 51.00(167.32) 53.00(173.88) 2.00(6.56) 1.48
TRM-11-39 122.26(401.11) 127.50(418.30) 5.24(17.19) 2.44
TRM-11-39 153.00(501.96) 158.00(518.37) 5.00(16.40) 0.66
TRM-11-40 41.63(136.58) 42.63(139.86) 1.00(3.28) 4.33
TRM-11-40 143.20(469.81) 152.00(498.68) 8.80(28.87) 0.92
TRM-11-44 122.50(401.90) 124.00(406.82) 1.50(4.92) 1.89

After the drilling was completed in the North Zone the area was remodelled in Surpac (a 3D modeling program) by Trueclaim's onsite geologists. To date, the modeling and delineation program indicates that the North Zone consists of several sets of parallel auriferous trends. Olivine diabase dikes intruded and cross-cut the mineralization at an angle of approximately 30 degrees from the strike of the auriferous chlorite seams. The North Zone requires in-fill delineation drilling for resource analysis.

The Company holds the Scadding property under option from Currie Rose Resources. The Company has earned a 51% working interest in the property and retains the right earn a 100% working interest in the property.

We seek safe harbour.



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 ½ 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 diamond drilling 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 forwardlooking 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.

Contact Information

  • Trueclaim Exploration Inc.
    John Carter
    1-888-686-1405 (FAX)