Trulan CEO In Chile To Discuss Mining Logistics, Potential Additional Claim Acquisition, And To Finalize The Newly Formed Wholly Owned Subsidiary.
HENDERSON, Nev., April 3, 2013 /PRNewswire/ -- Trulan Resources Inc. (OTCPINK: TRLR) (the "Company" or "Trulan") is pleased to report that CEO Robert Rosner will be attending several upcoming meetings in Chile that are expected to advance the Company's mining interests significantly.
During the trip Mr. Rosner will be finalizing the corporate structure of wholly owned Chilean subsidiary, Trulan Resources S.A. The subsidiary was formed to hold the Chilean assets of the parent Company and conduct business within Chile as it moves forward with exploration and development of the IGP Iron-Gold-Platinum Project. Mr. Rosner will formally establish the office operations at AVDA APOQUINDO 3600, 5 PISO, LAS CONDES, SANTIAGO, CHILE, as previously announced.
A number of logistical matters will be addressed that directly relate to Trulan's operations in Chile going forward. Of primary interest are tax and mining code issues pertaining to the Company's current mining project holdings and any subsequent claim acquisitions that may be under consideration. Trulan is in a uniquely advantageous position vis a vis the IGP Iron-Gold-Platinum Project which has a reported in-situ iron ore valuation of US$2,912,090,850 to date and is considered economically feasible to mine given the size and grade of the known ore bodies. The Company is currently evaluating all the data pertaining to the gold content contained in these deposits and expects to confirm what is believed to be an additional significant valuation in the foreseeable future.
About Trulan's IGP-Iron-Gold-Platinum ProjectTrulan 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.
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