Trueclaim Exploration Inc. Enters into Agreement to Provide Geological Services to Bryn Resources Inc.
August 12 2011 - 4:25PM
Marketwired
Trueclaim Exploration Inc.(TSX VENTURE: TRM)(OTCQX: TRMNF) (the
"Company") is pleased to announce that it has entered into an
agreement (the "Agreement") to provide geological services on
mineral exploration properties held by Bryn Resources Inc. (PINK
SHEETS: BRYN) ("Bryn"). The Company will commence work on Bryn's
property this month with a view to providing a Preliminary Property
Assessment Report in preparation for the eventual delivery of a
NI43-101 compliant report. This preliminary property assessment (to
be completed this year) will include:
1. Evaluation of the resource potential of the subject mineral claims
2. Preparation of preliminary assessments
3. Review of geological data supplied by Bryn
4. Provide overview of regional properties
5. Provide recommended exploration programs and a budget with the view to
completing a NI43-101 compliant report.
About Bryn Resources Inc.
Bryn Resources is a precious metals exploration company
currently concentrating its efforts in eastern Canada. Bryn
presently holds a 100% working interest in the Renfrew Property
situated in Hants County, Nova Scotia comprised of 62 Claims
covering approximately 2,480 acres, as well as a 100% working
interest in the Wine Harbour property located in Wine Harbour, Nova
Scotia comprised of 53 mineral claims covering approximately 2,100
acres. The Wine Harbour claims have historically demonstrated their
mineralization and in the period between 1862 and 1939 are reported
to have produced 42,726 ounces of gold from 83,000 tons of ore, for
an average content of 0.52 ounces per ton.
We seek safe harbour.
ON BEHALF OF THE BOARD
TRUECLAIM EXPLORATION INC.
John Carter, President
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 Agreement).
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. 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) accepts responsibility for the adequacy or
accuracy of this news release.
Contacts: Trueclaim Exploration Inc. John Carter President
519-913-8008 1-888-686-1405 (FAX) www.trueclaimexploration.com
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