~TRLR - To Acquire Additional Property Around Its Existing IGP Iron-Gold-Platinum Project In Chile
05/29/2013 @ 7:00AM PR Newswire (US)
HENDERSON, Nev., May 29, 2013 /PRNewswire/ -- Trulan Resources Inc. (OTC PINK: TRLR) (the "Company" or "Trulan") is pleased to report that it has identified a number of properties in the area of, and directly adjacent to, the IGP Project in central Chile. The IGP Project is currently comprised of 855 hectares of land that hosts four known ore bodies in which a resource calculation has already been determined. The Company has previously reported that the IGP contains 1,764,112 ounces of gold, 1,905,428 ounces of platinum, and also that the deposits contain between 8.0 and 16.1% magnetite, of which the iron ore content is a high grade 62%.
These four ore bodies have not been fully delineated and are considered to be open on all sides and at depth. Further exploration and drilling programs have been outlined which have the potential of discovering additional gold and platinum values. The next stage drilling and sampling work programs that are contemplated will step-out from the perimeter of the delineated ore bodies at regular intervals. This will determine the extent of mineralization, the true size of each ore body, and will test, for the first time, the bedrock underlying each of the mineralized zones.
Trulan has reviewed preliminary data on other properties surrounding the IGP Project where initial exploration activity has uncovered highly anomalous mineralization similar to that of the IGP. The Company has pursued discussion with the landowners of various properties that are of interest and expects that it will be able to acquire most, if not all, of the target area. Acquisition of any additional properties will be strategic in nature and the completion of any transaction will have the direct result of substantially adding high value exploration potential to the already prolific IGP Project.
About Trulan's IGP-Iron-Gold-Platinum Project
Trulan recently entered into an agreement to acquire a 100% interest in the IGP Iron-Gold-Platinum Project ("IGP" or the "Project") in the IV Region – Region de Coquimbo – of Chile. The relatively small region has a long history of mining and several operations are currently in production, including the Los Pelambres Deposit, which is the world's fifth largest copper mine.
The IGP Project totals 885 Hectares (2,186 Acres) of wide spread mineralization and ore bodies that contain high grades of Iron, Gold, Platinum and high value industrial minerals. There are eight known deposits in close proximity which have been tested to the point where an Indicated Ore resource has been delineated. The IGP comprises of four ore bodies with an Indicated Reserve in excess of 247 Million Metric Tons. Each of the four deposits have not been fully tested to determine ultimate size and they all remain open on all sides and at depth. Further exploration beyond the zones outlined to date is needed to realize the full extent of the mineralization and total size of the Ore bodies.
Trulan Resource's Mission is the exploration and development of mining properties whose economic potential is considered to be extensive, while requiring minimal infrastructure and operational costs, that can be advanced in an environmentally responsible manner.
This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents. For more information please contact Corporate Relations at 702-430-4690 or info@trulanresources.com
