Ormonde Mining plc investee company has identified a new mineralised trend and gold targets at the Golden Rose gold-copper project in Central Newfoundland, Canada.
PROSPECTIVITY
The findings come from operator TRU Precious Metals Corp’s field work, which is focused on generating targets.
TRU said its work placed the mineralised sandstone unit, discovered during 2025 drilling, within an “extensive and previously unrecognised mineralised trend”.
The trend extends for “at least 3,000 metres along strike and some 600m wide” and aligns with the Northcott and Mark’s Pond zones 1.2 kilometres to the northeast, and Rich House 4.5 km farther northeast.
TRU added that structural continuity had yet to be demonstrated.
Assay results of grab samples include 91.3 grams per ton gold, 36.1g/t silver and 3.3g/t gold in outcrop, and 72.7g/t gold and 40.6g/t gold in float.
The company said four assayed samples contained visible gold.
Falls Zone and the Jacob’s to Rose Gold (2) corridor are now ranked higher after field work and reinterpretation indicated the targets to be more prospective than first thought.
New targets were also identified in previously unexplored areas, including the southwest extensions of the Rogerson Lake Conglomerate, along part of the Valentine Lake Shear Zone, and either side of the Wood Lake mineralisation.
TRU plans trenching and follow-up drilling programmes for the 2026 field season.
“Flanked by Atlantic Canada’s next major gold mine to the north and over 600,000 ounces of gold to the south, Ormonde has always believed Golden Rose to be highly prospective,” said Ormonde chairman Brian Timmons.
“This conviction was reinforced when the eight-billion-dollar company Eldorado Gold optioned into the project and ramped up exploration.
“We are delighted with the progress of fieldwork which is further elevating the prospectivity of this premier project.”
Golden Rose is situated along the gold deposit bearing Cape Ray – Valentine Lake Shear Zones in Central Newfoundland, and neighbouring Equinox Gold Corp’s Valentine mine.
Ormonde owns 36.5% of TRU, while Eldorado Gold Corporation has an 80% earn-in option in return for CAD$15.25 million cash payments and exploration costs.
The Staghorn property, which represents 11% of Golden Rose’s overall acreage, is under a 51-49% joint venture with operator TRU and Quadro Resources Ltd.