TRLR news is out! Sept. 4, 2013 Trulan Provide
Post# of 88914
Posted On: 09/04/2013 9:18:19 AM
Re: xtremepicks #3386
TRLR news is out! Sept. 4, 2013
Trulan Provides Terms of Agreement for the Acquisition of Chilean IGP Project
Henderson, NV (ACCESSWIRE - 9/4/2013 7:00:00 AM) - Trulan Resources Inc. (OTC PINK: TRLR) (the "Company" or "Trulan") is pleased to provide shareholders with a summary of terms surrounding the Company's agreement to acquire the IGP Iron-Gold-Platinum Project in Chile.
The IGP Project Agreement
In February, 2013 the Company announced that it had entered into a definitive agreement to acquire 100% interest in an iron-gold-platinum project, known as the IGP Project- in Chile form a privately held South American mining company.
Under the terms of the agreement, Trulan has been be granted the sole and exclusive right and option by the vendor to acquire up to a one hundred (100%) percent interest in the vendor's registered mineral claims, geological reports, proprietary knowledge, agreements, government permits and rights to use and operate, etc (the "Property" and the "Project") and thereafter participate with the vendor for the purpose to explore, test and to bring into commercial production one or all of the deposits that comprise of the IGP Iron-Gold-Platinum Project.
The Company will be responsible for taking the IGP to the Pilot Plant phase of commercialization of the project in order to earn the one hundred (100%) percent ownership of the Project and Property. This includes funding all further costs associated with the project; from additional exploration activities, permitting, environmental impact studies, engineering, metallurgy and site development to the construction, set up and initiation of mining and processing operations.
There are no cash payments due to the vendor under the terms of the agreement, however, further consideration is to be made to the vendor of the property on a profit sharing basis after all costs and expenditures by the Company are recuperated.
About Trulan's IGP-Iron-Gold-Platinum Project
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
Trulan Provides Terms of Agreement for the Acquisition of Chilean IGP Project
Henderson, NV (ACCESSWIRE - 9/4/2013 7:00:00 AM) - Trulan Resources Inc. (OTC PINK: TRLR) (the "Company" or "Trulan") is pleased to provide shareholders with a summary of terms surrounding the Company's agreement to acquire the IGP Iron-Gold-Platinum Project in Chile.
The IGP Project Agreement
In February, 2013 the Company announced that it had entered into a definitive agreement to acquire 100% interest in an iron-gold-platinum project, known as the IGP Project- in Chile form a privately held South American mining company.
Under the terms of the agreement, Trulan has been be granted the sole and exclusive right and option by the vendor to acquire up to a one hundred (100%) percent interest in the vendor's registered mineral claims, geological reports, proprietary knowledge, agreements, government permits and rights to use and operate, etc (the "Property" and the "Project") and thereafter participate with the vendor for the purpose to explore, test and to bring into commercial production one or all of the deposits that comprise of the IGP Iron-Gold-Platinum Project.
The Company will be responsible for taking the IGP to the Pilot Plant phase of commercialization of the project in order to earn the one hundred (100%) percent ownership of the Project and Property. This includes funding all further costs associated with the project; from additional exploration activities, permitting, environmental impact studies, engineering, metallurgy and site development to the construction, set up and initiation of mining and processing operations.
There are no cash payments due to the vendor under the terms of the agreement, however, further consideration is to be made to the vendor of the property on a profit sharing basis after all costs and expenditures by the Company are recuperated.
About Trulan's IGP-Iron-Gold-Platinum Project
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
(0)
(0)Scroll down for more posts ▼