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
Robert
Rosner
President & CEO
Forward-looking Statement:
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS," AS THAT
TERM IS DEFINED IN SECTION 27A OF THE
UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND
SECTION 21E OF THE UNITED STATES
SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS
NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING
STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS,
EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.EXCEPT FOR THE
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CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO
DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR
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THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE
PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS "ESTIMATE,"
"ANTICIPATE," "BELIEVE," "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS
ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES FOR THE
COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH
MINERAL EXPLORATION AND FUNDING AS WELL AS THE RISKS SHOWN IN THE
COMPANY'S MOST RECENT ANNUAL AND QUARTERLY REPORTS FILED AND
PUBLISHED ON WWW.OTCMARKETS.COM, RESPECTIVELY, AND FROM
TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE
COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY
APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL
REQUIREMENTS AND THE COMPANY''S ABILITY AND LEVEL OF SUPPORT FOR
ITS EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO
ASSURANCE THAT THE COMPANY''S EXPLORATION EFFORTS WILL SUCCEED AND
THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE
FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS
RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE
FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL
RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING
STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS,
EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE
REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS,
EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS
SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD
ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC
REPORTS FILED AND PUBLISHED FROM TIME-TO-TIME ON
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OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NO
SECURITIES REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED OF THE
CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT
CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY
NOR SHALLTHERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION
IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR
TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY
SUCH JURISDICTION.
SOURCE Trulan Resources Inc.