Post by Hot Christian Stocks on Mar 13, 2013 13:31:13 GMT -5
TRLR Company Overview and Description
Trulan 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 in February, 2013. 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 other 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. There are four ore bodies within the Project area 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.
Website: www.trulanresources.com
TRLR Projects
IGP Iron-Gold-Platinum Project; Chile, South America
Trulan recently signed 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 metals. There are eight known deposits in close proximity which have been tested to the point where an Indicated Ore resource has been delineated. There are 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.
Eureka Creek
Eureka Placer Claim is located on Eureka Creek in California’s Sierra City Mining District.This district covers a very large area in Sierra County, extending through Furnier, Loganville, Church Meadows, Gold Valley, and the Sierra City-Buttes areas. It is located at the southern portion of a major belt of gold mineralization that extends to the northern district, Johnsville Mining District, which is located in Plumas County. This area was common for placer mining during the gold rush and many coarse nuggets were recovered. In local lode mines, many high grade surface pockets were discovered, including that of the Four Hills mine which yielded between $250,000- $500,000. This mining district was highly active between 1870-1914, and intermittent mining has continued into present time. The actual value of output from the area is unknown, but is estimated to have been about $30 million.
Geology- Through the west of the district is a trending belt of Calaveras slate, schist, and quartzite with limestone lenses, while the east consists of a quartz porphyry belt that lies in the central portion, and greenstone and amphibolite schist to the east. Few serpentine lenses are present and the northeastern area is overlain by glacial moraines. There are a series of trending quartz veins that range anywhere from a few feet to as much as 40 feet in thickness. These veins can be found in the metamorphic rock, and the ore bodies contain free gold, pyrite, and minor galena and chalcopyrite. Several fairly magnetic deposits can be found in the north end of the district.
The Eureka Mining District is an extensive area of scattered placer and a few lode deposits in northwestern Sierra County about eight miles northwest of Downieville. It includes the “diggings” not only at Eureka but also at Craig’s Flat, Morristown, and Saddleback Mountain. It is surrounded by a number of famous placer-mining districts: Downieville, Poker Flat, Port Wine, Poverty Hill, and Brandy City. The hydraulic mines here were worked on a major scale from the 1850s to the middle 1880s, and then intermittently on a smalll scale through the 1930s.
The principal Tertiary channel deposits are at Eureka, Craig’s Flat, Morristown, and Monte Cristo, the most extensive being at Eureka. They are part of the Eureka channel, an indistinct branch of the Tertiary North Fork of the Yuba River. As in the other nearby placer-mining districts, the chief values were obtained from the lower quartzitic gravels. Some very coarse nuggets have been found here. Bedrock consists of slate and phyllite and several narrow belts of greenstone and serpentine. Several of the high ridges are capped by andesite. There are a few gold-quartz veins, the most productive having been at the Telegraph mine, which is on a slate-serpentine contact.
The Eureka placer mining claim is situated on Eureka Creek, directly downstream from the Eureka Diggings hydraulic mine site. The claim encompasses 3/4′s of a mile of Eureka Creek and is accessible by two wheel drive vehicles.
TRLR daily chart
TRLR Key Company Management
Robert Rosner, Chief Executive Officer & Director
Mr. Rosner has been involved in natural resource management since 1990. As an entrepreneur he has been involved in all aspects of project development, from sourcing and evaluating mineral properties to acquisition, financing and operations. He has acted as an officer and director of numerous publicly listed companies, primarily in the natural resource sector, but has also garnered considerable knowledge and experience in technology and consumer products as well.
In addition to acting as President and Chief Executive Officer of TruLan Resources, he was a previous President and Director of NYSE listed Fortuna Silver Mines Inc., President and Director of TSX listed Niogold Mining Corp., a Director of TSX listed Acadia Resources Corp., and Director and Chief Executive Officer of Wataire Inc.
Mr. Rosner’s comprehensive skill set and management experience in moving companies and their projects forward is a considerable asset to TruLan as it builds its team and executes its mission statement.
TRLR Contact Info
To contact TruLan Resources Inc., please email us at the following addresses:
Corporate & Management: info@trulanresources.com
Investor Relations: invest@trulanresources.com
TruLan Resources Inc.
2850 W. Horizon Ridge, Suite 200
Henderson, NV 89052
Tel: 720-430-4690
TRLR Recent Developments
SEC Filings
www.otcmarkets.com/stock/TRLR/filings
TRLR Headlines
Trulan Reported Interim High Grade And Size Of Iron Ore Mineralization On The IGP Iron-Gold-Platinum Project In Chile. Further Exploration Work Expected To Increase The Size Of All Ore Bodies.
PR Newswire (Mon, Mar 11)
$TRLR Outlined Two Sources Of Revenue And Another Highly Prospective Exploration Area On The Recently Acquired IGP Project In Chile.
Trulan Signed Definitive Acquisition Agreement To Acquire 100% Interest In The IGP Project In Chile
TRLR -Trulan Signed Letter of Intent To Acquire Iron, Gold, Platinum and High Value Industrial Mineral Deposits.
TRLR had appointed New Auditor and Management Reported On Additional Corporate Changes.
PR Newswire (Fri, Feb 1)
TRLR Financial Reporting/Disclosure & Security Details
OTC Pink™ Current Information
Companies that follow the International Reporting Standard or the Alternative Reporting Standard by making filings publicly available through the OTC Disclosure & News Service pursuant to OTC Markets Group Guidelines for Providing Adequate Current Information (pdf) are designated as OTC Pink Current Information.
TRLR follows under these guidelines on the OTC Pink current information market tier.
Investigate more @ www.otcmarkets.com/stock/TRLR/quote for more due diligence.
Share Structure
Share Structure
Market Value1 $19,126,556 a/o Mar 11, 2013
Shares Outstanding 335,553,621 a/o Jan 15, 2013
Float 210,900 a/o Jan 15, 2013
Authorized Shares 500,000,000 a/o Nov 20, 2012
Par Value Not Available
Shareholders
Shareholders of Record 74 a/o Jan 15, 2013
Security Notes
Capital Change=shs decreased by 1 for 100 split. Pay date=5-31-06.
Capital Change=shs decreased by 1 for 100 split Pay date=04/18/2008.
Capital Change=shs decreased by 1 for 1000 split. Ex-date=11/20/2012.
Profile Data
SIC - Industry Classification: 1000 - Metal Mining
Incorporated In: DE, USA
Year of Inc: 1971
Security Notes
Formerly=Hire International, Inc. until 11-2012
Formerly=Talent Alliance, Inc. until 9-2010
Formerly=SPI Worldwide, Inc. until 6-2008
Formerly=NexiaSoft, Inc. until 4-2008
Formerly=Hydro Optics, Inc. until 5-06
Before You Invest - Investigate! Always do your own due diligence
A critical part of the due diligence: Please be aware, that upon completion of in-depth due diligence there is still a risk factor in all forms of investing.
Please note not all company websites are updated on a regular basis so you should use additional content sources to ensure accuracy.
Resources used in this post: otcmarket.com, www.bloomberg.com, www.finance.yahoo.com, TRLR website
Trulan 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 in February, 2013. 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 other 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. There are four ore bodies within the Project area 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.
Website: www.trulanresources.com
TRLR Projects
IGP Iron-Gold-Platinum Project; Chile, South America
Trulan recently signed 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 metals. There are eight known deposits in close proximity which have been tested to the point where an Indicated Ore resource has been delineated. There are 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.
Eureka Creek
Eureka Placer Claim is located on Eureka Creek in California’s Sierra City Mining District.This district covers a very large area in Sierra County, extending through Furnier, Loganville, Church Meadows, Gold Valley, and the Sierra City-Buttes areas. It is located at the southern portion of a major belt of gold mineralization that extends to the northern district, Johnsville Mining District, which is located in Plumas County. This area was common for placer mining during the gold rush and many coarse nuggets were recovered. In local lode mines, many high grade surface pockets were discovered, including that of the Four Hills mine which yielded between $250,000- $500,000. This mining district was highly active between 1870-1914, and intermittent mining has continued into present time. The actual value of output from the area is unknown, but is estimated to have been about $30 million.
Geology- Through the west of the district is a trending belt of Calaveras slate, schist, and quartzite with limestone lenses, while the east consists of a quartz porphyry belt that lies in the central portion, and greenstone and amphibolite schist to the east. Few serpentine lenses are present and the northeastern area is overlain by glacial moraines. There are a series of trending quartz veins that range anywhere from a few feet to as much as 40 feet in thickness. These veins can be found in the metamorphic rock, and the ore bodies contain free gold, pyrite, and minor galena and chalcopyrite. Several fairly magnetic deposits can be found in the north end of the district.
The Eureka Mining District is an extensive area of scattered placer and a few lode deposits in northwestern Sierra County about eight miles northwest of Downieville. It includes the “diggings” not only at Eureka but also at Craig’s Flat, Morristown, and Saddleback Mountain. It is surrounded by a number of famous placer-mining districts: Downieville, Poker Flat, Port Wine, Poverty Hill, and Brandy City. The hydraulic mines here were worked on a major scale from the 1850s to the middle 1880s, and then intermittently on a smalll scale through the 1930s.
The principal Tertiary channel deposits are at Eureka, Craig’s Flat, Morristown, and Monte Cristo, the most extensive being at Eureka. They are part of the Eureka channel, an indistinct branch of the Tertiary North Fork of the Yuba River. As in the other nearby placer-mining districts, the chief values were obtained from the lower quartzitic gravels. Some very coarse nuggets have been found here. Bedrock consists of slate and phyllite and several narrow belts of greenstone and serpentine. Several of the high ridges are capped by andesite. There are a few gold-quartz veins, the most productive having been at the Telegraph mine, which is on a slate-serpentine contact.
The Eureka placer mining claim is situated on Eureka Creek, directly downstream from the Eureka Diggings hydraulic mine site. The claim encompasses 3/4′s of a mile of Eureka Creek and is accessible by two wheel drive vehicles.
TRLR daily chart
TRLR Key Company Management
Robert Rosner, Chief Executive Officer & Director
Mr. Rosner has been involved in natural resource management since 1990. As an entrepreneur he has been involved in all aspects of project development, from sourcing and evaluating mineral properties to acquisition, financing and operations. He has acted as an officer and director of numerous publicly listed companies, primarily in the natural resource sector, but has also garnered considerable knowledge and experience in technology and consumer products as well.
In addition to acting as President and Chief Executive Officer of TruLan Resources, he was a previous President and Director of NYSE listed Fortuna Silver Mines Inc., President and Director of TSX listed Niogold Mining Corp., a Director of TSX listed Acadia Resources Corp., and Director and Chief Executive Officer of Wataire Inc.
Mr. Rosner’s comprehensive skill set and management experience in moving companies and their projects forward is a considerable asset to TruLan as it builds its team and executes its mission statement.
TRLR Contact Info
To contact TruLan Resources Inc., please email us at the following addresses:
Corporate & Management: info@trulanresources.com
Investor Relations: invest@trulanresources.com
TruLan Resources Inc.
2850 W. Horizon Ridge, Suite 200
Henderson, NV 89052
Tel: 720-430-4690
TRLR Recent Developments
SEC Filings
www.otcmarkets.com/stock/TRLR/filings
TRLR Headlines
Trulan Reported Interim High Grade And Size Of Iron Ore Mineralization On The IGP Iron-Gold-Platinum Project In Chile. Further Exploration Work Expected To Increase The Size Of All Ore Bodies.
PR Newswire (Mon, Mar 11)
HENDERSON, Nev., March 11, 2013 /PRNewswire/ -- Trulan Resources Inc. (TRLR) (the "Company" or "Trulan") is pleased to report on the Magnetite grade and tonnage contained in the four ore bodies that are part of the IGP Iron-Gold-Platinum Project in Chile in which the Company recently entered into an agreement to acquire a 100% interest.
The Magnetite contains high grade 62% Iron Ore. Based on current (January, 2013) spot market prices for Iron Ore and calculating grade, tonnage and utilizing a conservative 75% recovery rate, the Iron Ore contained in each deposit has a present market value as follows:
Deposit Value @ 75% Recovery
IGP 1 US $550M
IGP 2 US $1.098B
IGP 3 US $614M
IGP 4 US $648M
Total Iron Ore Value, All Four Deposits: US $2,912B
Analysis and updating of the information set out in various reports produced and written on the IGP Project, including a PEA (Preliminary Economic Assessment) indicate that a profitable mining, recovery and processing operation for the Magnetite is currently feasible. Local and international markets for the Ore mined from the IGP Project are readily available and easily accessible.
Each of the four IGP deposits also contain significant gold and platinum values as well as additional high value industrial minerals. Reports are being examined relating to the additional constituent minerals and the grade and value for each one will be released upon further analysis and confirmation.
The Magnetite contains high grade 62% Iron Ore. Based on current (January, 2013) spot market prices for Iron Ore and calculating grade, tonnage and utilizing a conservative 75% recovery rate, the Iron Ore contained in each deposit has a present market value as follows:
Deposit Value @ 75% Recovery
IGP 1 US $550M
IGP 2 US $1.098B
IGP 3 US $614M
IGP 4 US $648M
Total Iron Ore Value, All Four Deposits: US $2,912B
Analysis and updating of the information set out in various reports produced and written on the IGP Project, including a PEA (Preliminary Economic Assessment) indicate that a profitable mining, recovery and processing operation for the Magnetite is currently feasible. Local and international markets for the Ore mined from the IGP Project are readily available and easily accessible.
Each of the four IGP deposits also contain significant gold and platinum values as well as additional high value industrial minerals. Reports are being examined relating to the additional constituent minerals and the grade and value for each one will be released upon further analysis and confirmation.
$TRLR Outlined Two Sources Of Revenue And Another Highly Prospective Exploration Area On The Recently Acquired IGP Project In Chile.
HENDERSON, Nev., March 1, 2013 /PRNewswire/ -- Trulan Resources Inc. (TLAN) (the "Company" or "Trulan") reports that, following an economic review of the recently acquired IGP Project in Chile, there are two acknowledged sources of revenue that can be realized from the Project. Each of the four ore bodies on the acquired property contain a host of various mineralization that can be described as either heavy mineral components, or light mineral components.
Extraction and processing of the ore is considered to be straightforward in nature and requires the construction of technologically specific but well understood equipment. Updated budgets and sourcing of the components required in the construction of a mining and processing facility are being formulated from existing models. There is little to no over-burden on the deposits such as soil, forest, or grass cover and the recovery technology to be used is environmentally friendly and reclamation costs are minimal. The deposits are also easily and readily accessible by the Pan-American Freeway and local road infrastructure.
A third source of potential revenue is expected from the bedrock that underlies the deposits. This bedrock has never been tested or drilled. The basement rocks of the underlying formation are also considered to be a primary source of mineralization and there are indications of very good potential at depth.
Trulan intends to develop an exploration work program to test the IGP bedrock and plans to begin this work as soon as possible. The development plan and construction of the processing facility is a primary focus and the Company expects to have an engineering report within the second quarter.
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
Extraction and processing of the ore is considered to be straightforward in nature and requires the construction of technologically specific but well understood equipment. Updated budgets and sourcing of the components required in the construction of a mining and processing facility are being formulated from existing models. There is little to no over-burden on the deposits such as soil, forest, or grass cover and the recovery technology to be used is environmentally friendly and reclamation costs are minimal. The deposits are also easily and readily accessible by the Pan-American Freeway and local road infrastructure.
A third source of potential revenue is expected from the bedrock that underlies the deposits. This bedrock has never been tested or drilled. The basement rocks of the underlying formation are also considered to be a primary source of mineralization and there are indications of very good potential at depth.
Trulan intends to develop an exploration work program to test the IGP bedrock and plans to begin this work as soon as possible. The development plan and construction of the processing facility is a primary focus and the Company expects to have an engineering report within the second quarter.
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 Signed Definitive Acquisition Agreement To Acquire 100% Interest In The IGP Project In Chile
HENDERSON, Nev., Feb. 28, 2013 /PRNewswire/ -- Trulan Resources Inc. (TLAN) (the "Company" or "Trulan") is pleased to announce that it has entered into a definitive 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 metals. There are eight known deposits in close proximity which have been tested to the point where an Indicated Ore resource has been delineated. Under the definitive agreement, Trulan will acquire four ore bodies with an aggregate 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.
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 metals. There are eight known deposits in close proximity which have been tested to the point where an Indicated Ore resource has been delineated. Under the definitive agreement, Trulan will acquire four ore bodies with an aggregate 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.
TRLR -Trulan Signed Letter of Intent To Acquire Iron, Gold, Platinum and High Value Industrial Mineral Deposits.
HENDERSON, Nev., Feb. 22, 2013 /PRNewswire/ -- Trulan Resources Inc. (TLAN) (the "Company" or "Trulan") is pleased to report that it has entered into a Letter Of Intent ("LOI") with a privately held South American mining concern (the "Vendor") to ultimately acquire gold, platinum and industrial minerals deposits in Chile.
General provisions under the Letter Of Intent dictate that the preponderance of information relating to the project (hereinafter referred to as the "Project" or "IGP") is to remain confidential while Trulan continues its due diligence and evaluation of the Project and deposits that comprise the IGP. However, certain information has been made available in order to outline the scope of the Project as it relates to the Company's implementation of its strategic corporate plan.
'IGP PROJECT'
The Project, which covers a large land area, has been previously explored and tested by the Vendor to the point where a substantial data package has been compiled and a preliminary report was written and provided to Trulan which outlines the potential of numerous deposits on the property. The report states that the Indicated Ore reserves, thus far, are in excess of 160 Million Metric Tons and are predominantly comprised of Iron, Gold, Platinum and other valuable industrial minerals. Each of the deposits has been delineated to the point where they conform to SEC Industry Guide 7: Description of Property by Issuers Engaged or to be Engaged in Significant Mining Operations, and the ore bodies described in the report fall within the 'Indicated' category. The deposits remain open and have not been fully tested to determine their final depth. Further drilling will determine the ultimate size and long term economic potential of the ore bodies.
Given the geologic nature of the IGP deposits in general, the Project does not require extensive and expensive ongoing exploration or development. The ore bodies are considered to be clean, which is to say that there are no contaminants or overburden of any consequence on the Project deposits.
The preliminary report provided by the Vendor outlines three potential sources of revenue from the ore bodies; heavy mineral components, light mineral components, and the economic potential of the unexplored bedrock beneath the deposits.
Trulan believes the IGP is a significant property of merit and falls within its parameters for potential acquisition or joint venture based on project size, available data, previous metallurgical testing, relative ease of near-term entry into production and additional exploration potential. Final determination of the Project's suitability will be made following the review of the data provided, confirmation of the results published in the preliminary report, and analysis of pertinent corporate matters as they may relate to the due diligence process.
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
General provisions under the Letter Of Intent dictate that the preponderance of information relating to the project (hereinafter referred to as the "Project" or "IGP") is to remain confidential while Trulan continues its due diligence and evaluation of the Project and deposits that comprise the IGP. However, certain information has been made available in order to outline the scope of the Project as it relates to the Company's implementation of its strategic corporate plan.
'IGP PROJECT'
The Project, which covers a large land area, has been previously explored and tested by the Vendor to the point where a substantial data package has been compiled and a preliminary report was written and provided to Trulan which outlines the potential of numerous deposits on the property. The report states that the Indicated Ore reserves, thus far, are in excess of 160 Million Metric Tons and are predominantly comprised of Iron, Gold, Platinum and other valuable industrial minerals. Each of the deposits has been delineated to the point where they conform to SEC Industry Guide 7: Description of Property by Issuers Engaged or to be Engaged in Significant Mining Operations, and the ore bodies described in the report fall within the 'Indicated' category. The deposits remain open and have not been fully tested to determine their final depth. Further drilling will determine the ultimate size and long term economic potential of the ore bodies.
Given the geologic nature of the IGP deposits in general, the Project does not require extensive and expensive ongoing exploration or development. The ore bodies are considered to be clean, which is to say that there are no contaminants or overburden of any consequence on the Project deposits.
The preliminary report provided by the Vendor outlines three potential sources of revenue from the ore bodies; heavy mineral components, light mineral components, and the economic potential of the unexplored bedrock beneath the deposits.
Trulan believes the IGP is a significant property of merit and falls within its parameters for potential acquisition or joint venture based on project size, available data, previous metallurgical testing, relative ease of near-term entry into production and additional exploration potential. Final determination of the Project's suitability will be made following the review of the data provided, confirmation of the results published in the preliminary report, and analysis of pertinent corporate matters as they may relate to the due diligence process.
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
TRLR had appointed New Auditor and Management Reported On Additional Corporate Changes.
PR Newswire (Fri, Feb 1)
TRLR Financial Reporting/Disclosure & Security Details
OTC Pink™ Current Information
Companies that follow the International Reporting Standard or the Alternative Reporting Standard by making filings publicly available through the OTC Disclosure & News Service pursuant to OTC Markets Group Guidelines for Providing Adequate Current Information (pdf) are designated as OTC Pink Current Information.
TRLR follows under these guidelines on the OTC Pink current information market tier.
Investigate more @ www.otcmarkets.com/stock/TRLR/quote for more due diligence.
Share Structure
Share Structure
Market Value1 $19,126,556 a/o Mar 11, 2013
Shares Outstanding 335,553,621 a/o Jan 15, 2013
Float 210,900 a/o Jan 15, 2013
Authorized Shares 500,000,000 a/o Nov 20, 2012
Par Value Not Available
Shareholders
Shareholders of Record 74 a/o Jan 15, 2013
Security Notes
Capital Change=shs decreased by 1 for 100 split. Pay date=5-31-06.
Capital Change=shs decreased by 1 for 100 split Pay date=04/18/2008.
Capital Change=shs decreased by 1 for 1000 split. Ex-date=11/20/2012.
Profile Data
SIC - Industry Classification: 1000 - Metal Mining
Incorporated In: DE, USA
Year of Inc: 1971
Security Notes
Formerly=Hire International, Inc. until 11-2012
Formerly=Talent Alliance, Inc. until 9-2010
Formerly=SPI Worldwide, Inc. until 6-2008
Formerly=NexiaSoft, Inc. until 4-2008
Formerly=Hydro Optics, Inc. until 5-06
Before You Invest - Investigate! Always do your own due diligence
A critical part of the due diligence: Please be aware, that upon completion of in-depth due diligence there is still a risk factor in all forms of investing.
Please note not all company websites are updated on a regular basis so you should use additional content sources to ensure accuracy.
Resources used in this post: otcmarket.com, www.bloomberg.com, www.finance.yahoo.com, TRLR website