TRU Precious Metals Signs Definitive Agreement with Eldorado Gold on Golden Rose Project

Proactive - Interviews for investors

Tru Precious Metals CEO Joel Freudman joined Steve Darling from Proactive to share news about the company’s exciting announcement of a definitive earn-in agreement with Eldorado Gold Corporation. This agreement grants Eldorado an exclusive option to acquire an 80% ownership interest in TRU's Golden Rose Project, located in Central Newfoundland. Freudman emphasized that the deal with Eldorado is a significant endorsement of the substantial work TRU has undertaken since acquiring the initial land package from Altius Minerals in 2021. To secure this 80% stake in the Golden Rose Project, Eldorado is required to make payments and fund exploration expenditures totaling up to 7 million dollars, along with additional cash considerations. The company has already commenced its exploration program at Golden Rose, focusing on various methodologies including prospecting, grab sampling, reconnaissance soil sampling, and trenching. These activities target critical mineral anomalies identified through prior TRU investigations, historical data analysis, and newly acquired high-resolution satellite and remote sensing data covering the entire property. The Golden Rose Project is particularly notable for being historically underexplored, with many of the planned target areas experiencing limited previous exploration. El Dorado must invest CAD 660,000 in drilling by July next year as part of their exploration commitments. TRU Precious Metals has already initiated preliminary fieldwork, focusing on copper exploration, to integrate copper drill targets with the gold-focused drill program. The company anticipates increased exploration activity and subsequent news flow in the coming months, marking a pivotal moment in its growth and operations. #proactiveinvestors #trupreciousmetalscorp #tsxv #otcqb #truif #mining #goldenroseproject #GoldenRoseProject, #Mining, #GoldMining, #CopperMining, #Newfoundland, #ElDoradoGold, #MineralExploration, #MiningIndustry, #PreciousMetals, #Gold, #Copper, #Drilling, #Exploration, #MineralResources, #MiningPartnership, #MiningNews, #CanadaMining, #HighGradeGold, #HighGradeCopper #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews