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Fredericton, New Brunswick (Newsfile Corp. - December 16, 2020) - TRU Precious Metals Corp. (TSXV: TRU) (OTCQB: TRUIF) ( TRU or the Company ) is pleased to announce that, further to its press release dated November 23, 2020, it has completed the indirect purchase of a mineral license for the Stony Lake exploration property in Central Newfoundland (the Stony Lake Property ), along with all related permits and technical data (collectively, the Purchased Assets ).
The Stony Lake Property is located approximately 5-10 kilometres (km) south of the Company s flagship Twilite Gold Project and consists of 107 claims covering 2,675 hectares.
TRU Co-Founder and CEO Joel Freudman commented: With the Stony Lake Property now secured, TRU has established a district-scale presence in the Central Newfoundland Gold Belt. With our other properties at Twilite Gold, Rolling Pond, and Gander West we consider this portfolio ready for advancement and potential monetization. We are in the mi