$TRMNF NEWS! Trueclaim Exploration Inc. Identifies Significant Silver Zone on Its Arizona Property; 6.8 Ounces Per Tonne (213 Grams Per Tonne) Over 195 Feet (59.4 Meters)
LONDON, ONTARIO--(Marketwire - Sept. 15, 2011) - Trueclaim Exploration Inc. ("Trueclaim") (TSX VENTURE:TRM)(OTCQX:TRMNF) recently finished a field mapping and sampling program on its Richmond Basin Property located 10 miles (16 kilometers) north of the city of Globe and two hours by road east of Phoenix, AZ.
Additional geological consultants under the direction of Arizona project geologist Nick Barr were brought on-site during the summer to expedite the field mapping program. The intention was to concentrate on an area not yet explored by Trueclaim. The main focus was the McMorris vein system where several historical trenches were found. An area of just over 264.4 acres (107 hectares) was mapped and multiple alteration trends were seen. During a two week period over 180 samples were taken in the area.
Four trenches along the McMorris vein were mapped, thoroughly sampled, and produced the following results: Length Ag Ag Trench ft (m) ppm oz/t 1 55.0 (16.8) 227.7 7.3 2 50.0 (15.2) 181.2 5.8 3 60.0 (18.3) 323.9 10.4 4 30.0 (9.1) 119.0 3.8
These combined results produced a grade of 6.8 oz/t (213ppm) along exposed portions totalling 145 feet within an overall length of 195.0 feet (59.4m) along the McMorris Vein. Samples were taken every 5ft (1.52m) in the exposed trenches. Mapping has indicated a vein width of approximately 10ft (3.0m). Diamond drilling is required to confirm the vein width. Within these trench intervals the highlight intervals are seen below: Highlight Intervals Length Ag Ag Trench ft (m) ppm oz/t 3 15 (4.6) 1031.7 33.2 1 20 (6.1) 287.0 9.2 2 20 (6.1) 232.2 7.5 1 25 (7.6) 226.6 7.3
Eighty additional small trenches were mapped and sampled thoroughly in the examined area. Of the 180 samples taken 53 samples assayed over 3.2oz/t (100ppm) silver. The samples also assayed anomalous copper, lead and zinc values.
The Pre-Cambrian Ruin Granite hosts many shear zones and multiple types of alteration including hematite, ankerite, and chlorargyrite (silver chloride). The anomalous silver values are highly associated with variations in magnetic susceptibility and increased chlorargyrite alteration in the area.
The mineralization surrounding the McMorris vein remains open for extension to the east, south west and at depth. Based on these very positive results, from not only silver but from the copper-gold structure announced in previous press releases, Trueclaim has applied for a permit to drill some of these targets.
The Company expects to provide an update within two weeks on recent work done on the copper zone discussed in its new release dated June 2, 2011.
The Company has the right to earn a 100% working interest in the property pursuant to an agreement made with Black Diamond Exploration, Inc.
We seek safe harbour.
ON BEHALF OF THE BOARD
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 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 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.
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