Ellis Martin Report: Tru Precious Metals Corp. (CVE:TRU) Enters Into Definitive Option Agreement With Eldorado Gold For 80% Of Golden Rose Project In Newfoundland
Date
7/31/2024 12:03:28 AM
(MENAFN- ABN Newswire)
TRU Precious Metals Corp. (CVE:TRU) (OTCMKTS:TRUIF) (FRA:706) is pleased to announce that it has signed a definitive earn-in agreement with Eldorado Gold Corporation (TSE:ELD) (NYSE:EGO) pursuant to which Eldorado has been granted the exclusive option (the "Option") to earn an 80% ownership interest in TRU's Golden Rose Project, strategically located along the gold deposit-bearing Cape Ray - Valentine Lake Shear Zone in Central Newfoundland.
TRU Co-Founder and CEO Joel Freudman commented: "We are thrilled to partner with Eldorado to advance the Golden Rose Project, which we consider a strong endorsement of the work completed since optioning the initial land package from Altius Minerals in 2021, including leveraging the support of our strategic investor Ormonde Mining over the past year. Eldorado's expenditures under the Option Agreement will accelerate the advancement of the Project's gold and copper potential, while the cash payments will help fund TRU's corporate overhead as we remain operator of the Project."
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Joel Freudman
Co-Founder, CEO & Director
TRU Precious Metals Corp
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