TRU’s Golden Deal: $15M with Eldorado Gold with Joel Freudman of TRU Precious Metals

In this interview, Joel Freudman, CEO of TRU Precious Metals Corp. (TSXV:TRU) (OTCQB:TRUIF) (FSE:706), provides an overview of the company’s recent landmark deal with Eldorado Gold for their Golden Rose Project in Newfoundland. Freudman takes us through how TRU Precious Metals managed to attract such a significant partner at an early stage, emphasizing the project’s strategic location and compelling geological characteristics. This achievement underscores the potential value of the Golden Rose Project and validates TRU’s exploration strategy.

Freudman delves into the specifics of the $15 million deal, outlining a structure that includes cash payments and exploration funding over a five-year period. The arrangement is expected to lead to Eldorado earning an 80% interest in the project, demonstrating the major’s confidence in Golden Rose’s prospects. This deal structure allows TRU to benefit from Eldorado’s expertise and financial resources while maintaining significant upside potential.

The conversation then shifts to the broader context of Newfoundland’s mining sector. Freudman discusses the growing interest in the region from major mining companies, and then outlines TRU Precious Metals’ long-term plans. He also shares his positive outlook on the gold market, providing context for the company’s focus on precious metals exploration.


Not a recommendation to buy or sell securities. Always do additional research and consult a professional before purchasing a security. The Deep Dive and its affiliates hold no licenses.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

Giant Mining Encounters Native Copper As Hole MHB-34 Hits 563 Metres Depth

Verses Hits Commercialization Stage With Genius AI Platform

Related News

Great Bear: Canaccord Model Is Based On “Initial Applied Resource Of 4 Million Gold Ounces”

Yesterday, Great Bear Resources (TSXV: GBR) reported results from its ongoing exploration program at their...

Thursday, December 10, 2020, 11:21:00 AM

K92 Mining Produces 18,654 Gold Equivalent Ounces In Q1 2021

K92 Mining (TSX: KNT) released production results for its flagship Kainantu Gold Mine in Papua...

Friday, April 16, 2021, 07:46:06 AM

Kirkland Lake Gold: Analysts Reiterate Targets Following Financing Results

Last week, Kirkland Lake Gold (TSX: KL) announced their fourth quarter and full year 2021...

Wednesday, March 3, 2021, 02:50:00 PM

Gran Colombia Gold Reports May Production of 18,129 Ounces

It appears operations are finally beginning to return to normal for gold miners. Gran Colombia...

Tuesday, June 16, 2020, 08:57:37 AM

Starr Peak Expands Drill Program To 20,000 Metres

Starr Peak Mining (TSXV: STE) has expanded its currently ongoing drill program. The company this...

Friday, May 21, 2021, 09:25:12 AM