[b]$TRLR[/b] .045 News out Trulan Initiates South American Corporate Structure For Iron-Gold-Platinum Project In Chile; Further Exploratory Work Programs Expected To Increase The Reported $2.9 Billion Initial Value Of The Indicated Resource.
PR Newswire
HENDERSON, Nev., March 13, 2013
HENDERSON, Nev., March 13, 2013 /PRNewswire/ -- Trulan Resources Inc. (OTCPK: TRLR) (the "Company" or "Trulan") reports that it has begun the process of incorporating a wholly owned subsidiary in Chile, South America, wherein all of the development associated with the Company's IGP Iron-Gold-Platinum Project will be conducted.
Once the Chilean subsidiary is appropriately structured and duly registered, Trulan expects to issue a further press release outlining appointments to the Board of Directors and the management team that will be tasked with moving the IGP Project through to the next stage of development. This mandate will include work programs to take the Indicated Resource outlined on the property thus far and move it into the category of a Proven and Probable Reserve.
In addition, management of the new subsidiary will oversee the initiation of further exploration and sampling programs stepping out from the areas of known mineralization and delineated ore bodies. The ongoing exploration plan is intended to provide a deeper understanding of the true size of all the deposits on the IGP. Preliminary sampling already conducted on the edge and outside of the ore bodies indicates that grades remain consistent with those already uncovered and reported. The deposits remain open at depth as well and it is expected that the exploration plan will include a number of drill targets to test the depth of the deposits and sample the underlying bedrock.
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
