$TRLR Company Overview and Description
The TruLan team is committed to the acquisition of properties that have previously undergone significant exploration and work programs, and where a comprehensive data package exists. In order to maximize shareholder value, TruLan’s mission is the development of properties whose potential is considered to be extensive, with minimal infrastructure and operational costs, and that can be advanced in an environmentally responsible manner.
TRLR Trulan Resources, Inc. Company Profile Video TRLR Research Report
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: http://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
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
SEC Filings
http://www.otcmarkets.com/stock/TRLR/filings
$TRLR Headlines
Wednesday, May 29, 2013
$Trulan To Acquire Additional Property Around Its Existing IGP Iron-Gold-Platinum Project In Chile
Quote:
HENDERSON, Nev., May 29, 2013 /PRNewswire/ -- Trulan Resources Inc. (OTC PINK: TRLR) (the "Company" or "Trulan") is pleased to report that it has identified a number of properties in the area of, and directly adjacent to, the IGP Project in central Chile. The IGP Project is currently comprised of 855 hectares of land that hosts four known ore bodies in which a resource calculation has already been determined. The Company has previously reported that the IGP contains 1,764,112 ounces of gold, 1,905,428 ounces of platinum, and also that the deposits contain between 8.0 and 16.1% magnetite, of which the iron ore content is a high grade 62%.
These four ore bodies have not been fully delineated and are considered to be open on all sides and at depth. Further exploration and drilling programs have been outlined which have the potential of discovering additional gold and platinum values. The next stage drilling and sampling work programs that are contemplated will step-out from the perimeter of the delineated ore bodies at regular intervals. This will determine the extent of mineralization, the true size of each ore body, and will test, for the first time, the bedrock underlying each of the mineralized zones.
Trulan has reviewed preliminary data on other properties surrounding the IGP Project where initial exploration activity has uncovered highly anomalous mineralization similar to that of the IGP. The Company has pursued discussion with the landowners of various properties that are of interest and expects that it will be able to acquire most, if not all, of the target area. Acquisition of any additional properties will be strategic in nature and the completion of any transaction will have the direct result of substantially adding high value exploration potential to the already prolific IGP Project.
About Trulan's IGP-Iron-Gold-Platinum Project
Trulan 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.
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
Tuesday, May 28, 2013
$TRLR Reported 1,905,428 Ounces Of Platinum Indicated Within Four Zones On The IGP Iron-Gold-Platinum Project In Chile
finance.yahoo.com/news/trulan-reports-1-905-428-110000660.html
Quote:
HENDERSON, Nev., May 28, 2013 /PRNewswire/ -- Trulan Resources Inc. (OTC PINK: TRLR) (the "Company" or "Trulan") is pleased to report on the indicated platinum value contained in four ore bodies that form part of the Company's IGP Iron-Gold-Platinum Project in Chile. According to the geological report based on extensive sampling to determine the size of the Indicated Resource, platinum was encountered throughout the property and that all samples collected were tested for platinum and estimated using mineral counting methodology. The results indicate an average grade of .27 grams per ton.
The IGP Project has a delineated Indicated Resource of 247 million metric tons contained in four ore body zones. Tonnage and grade indicate that there are 1,905,428 ounces of recoverable platinum contained in the areas of the IGP that have been tested and sampled thus far. Using a cut-off market value of $1,381.00 per oz, that being the lowest price encountered on the spot market during the past twelve month period, the Indicated in-situ platinum resource is currently valued at USD $2,631,396,068.
Previously, the Company reported that magnetite in the four deposits of the IGP contains 62% iron ore as well as 1,764,112 ounces of recoverable gold contained in the areas of the IGP that have been tested and sampled thus far. Trulan CEO, Robert Rosner, commented, "Trulan is extremely happy that we have determined there to be a significant platinum resource on the IGP in addition to a large gold resource. The potential of the IGP Project only continues to grow in scope and there are still sizable portions of the property yet to be explored."
About Trulan's IGP-Iron-Gold-Platinum Project
Trulan 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.
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
Wednesday, May 22, 2013
Chile Ranked Third On List Of Best Countries For Mining Investment And Development. Positive Business Climate Cited As Key To Attracting Private Equity Group.
PR Newswire (Wed 7:00AM EDT)
Quote:
HENDERSON, Nev., May 22, 2013 /PRNewswire/ -- Trulan Resources Inc. (TRLR) (the "Company" or "Trulan") reports on political and economic factors in Chile that further continued investor and corporate confidence relating to the mining climate in general, and to the IGP Project in particular.
Chile's well defined mineral endowment continues to attract significant capital investment primarily due to the capability of its existing infrastructure enabling products to access markets, the capacity of its human capital resources and its stable political and economic systems. A recent report issued by Behre Dolbear Group Inc. – which has compiled annual political risk assessments of the key players in the global mining industry since 1999 – Placed Chile behind only Australia and Canada as the best mining jurisdictions that reflect conditions that promote investment growth in the mining sector.
The economy of Chile is one of the most stable and prosperous in South America with the highest GDP per capita in Latin America. Mining is one of the pillars of Chile's economy and the government strongly supports foreign investment in the sector, and has for decades worked to modify its mining industry laws and regulations to create a favorable investing environment for foreigners. Because mining is a key component of all economic activity in Chile, representing more than 20% of its GDP and generating direct employment for approximately 110,000 people and indirect employment to more than 500,000, it is a highly desired jurisdiction in which to do business and invest capital on an international basis.
During a recent trip to Chile, Trulan CEO, Robert Rosner took members of a private equity group to the site of the Company's Iron-Gold-Platinum project and stated, "Because mining is so important to the economic well being of Chile, it is much easier to attract the necessary investor capital to take a property from the discovery stage into production. The government understands the positive correlation between the country's increasing wealth and the prosperity of its mining industry."
Gold is of particular interest in Chile recently and gold exploration activity is projected to see 200% to 300% growth in the next five years. This bodes extremely well for Trulan, from an investment standpoint, seeing as the Company recently announced an in-situ resource of 1,764,112 oz/au contained in four known ore bodies on the IGP property, with extensive ongoing exploration potential in untested zones.
Monday, May 20, 2013
$TRLR Trulan CEO Hosts Financing Summit And Site Visit At Its IGP Iron-Gold-Platinum Project For Potential Private Equity Partners
PR Newswire (Mon 7:00AM EDT)
Quote:
HENDERSON, Nev., May 20, 2013 /PRNewswire/ -- Trulan Resources Inc. (TRLR) (the "Company" or "Trulan") reports on further corporate developments relating to the IGP Project in Chile.
During a recent trip to Chile, Trulan CEO, Robert Rosner hosted members of a private equity group at the site of the Company's Iron-Gold-Platinum project in the Coquimbo region of central Chile. The purpose of the site visit was to show the potential investors the scope of the project on the ground and how the infrastructure development process would progress through the various stages of implementation.
The visit was the second stage of the group's due diligence process that began in March. Following a preliminary review of the technical reports that outlined the ore reserves of the IGP Project, the investor group initiated an analysis and assessment of the complete data package that determined the IGP to be economically feasible to mine and process.
Intrinsic to such a comprehensive audit process is a thorough understanding of the property and how the mining operation will be engineered and built for optimum efficiency. As a result, Trulan considers this private equity group not simply as potential investors in the project but as true development partners with the ability to contribute time and expertise on a variety of operational levels.
Also attendant to the ongoing due diligence of the investor group is the determination of a qualified outside geological and engineering consulting team that will provide strong management implementation of the project. The Company has initiated discussion with a number of competent and accomplished individuals and hopes to make a determination as to who constitutes the best fit in the near future.
Said Mr. Rosner, "We have seen a significant time investment through the ongoing due diligence process by a private equity fund that we would very much like to move forward with. So far both parties are happy with the progress that has been made look forward to arriving at a mutually beneficial working relationship."
Wednesday, May 15, 2013
Trulan Provides Corporate Update And Report On its CEO's Trip To Chile And Site Visit To The IGP Iron-Gold-Platinum Project.
PR Newswire (Wed 7:00AM EDT)
Quote:
HENDERSON, Nev., May 15, 2013 /PRNewswire/ -- Trulan Resources Inc. (TRLR) (the "Company" or "Trulan") is pleased to report on the recent trip to Chile undertaken in April by its CEO, Robert Rosner.
Mr. Rosner attended numerous meetings with various officials from the Mining Property, Geology & Mining National Survey, for the Government of Chile while in Santiago, and with local community officials during a site visit to the IGP Project in the country's Coquimbo Region. These meetings were very successful in familiarizing officials and local community leaders with the (thus far) $5 Billion + project and established the framework under which the IGP property will initially be developed in advance of mining infrastructure construction. Included in the discussions with community leaders were topics relating to ongoing exploration outside of the known ore bodies as well as the positive economic impact the project will have on the local population in the form of job creation, supply requisitioning and service contracting. A positive and constructive dialogue was initiated at the local level to ensure that Trulan understands the needs and desires of the community in relation to advancing the IGP Project. This will be an ongoing relationship but the Company has demonstrated its commitment to the community by agreeing to a transparent process at every stage of development. As a result local community leaders have indicated their support to Trulan as it works to further the project.
Also completed during the trip was the establishment of Trulan's Chilean office in Santiago at Avda Apoquindo 3600, 9 Piso, Las Condes. The Company is also making substantial strides with the governmental and regulatory process of incorporating a wholly owned Chilean subsidiary. All of the necessary documentation and submissions have either been initiated or are in progress for certification and legalization under Chilean corporate law and Trulan expects the necessary approvals in due course. However, the incorporation process does not hinder in any way the Company's current ability to continue its development work with respect to the IGP Project.
According to Mr. Rosner the trip was highly successful and all matters attendant to the Company moving forward in developing the IGP Project were addressed successfully. The project now moves to the next phase which addresses mining and processing equipment, infrastructure, environmental impact evaluations and processes, as well as a final determination as to the project's financing requirements.
Friday, April 12, 2013
TRULAN RESOURCES INC. Financials
EDGAR Online Financials (Fri, Apr 12)
Thursday, April 11, 2013
$TRLR Trulan Reported 1,764,112 Ounces Of Gold Present On Its IGP Iron-Gold-Platinum Project In Chile
PR Newswire (Thu 7:00AM EDT)
Quote:
HENDERSON, Nev., April 11, 2013 /PRNewswire/ -- Trulan Resources Inc. (TRLR) (the "Company" or "Trulan") is pleased to report on the Gold value contained in the first four ore bodies that form part of the Company's IGP Iron-Gold-Platinum Project in Chile. According to the geological report based on extensive sampling to determine the size of the Indicated Resource of the four known ore bodies to date, gold particles are widely disseminated throughout the property. All samples collected were tested for gold and the results indicate an average grade of .25 g/t Au.
The IGP Project has a delineated Indicated Resource of 247 million metric tons contained in four ore bodies. Tonnage and grade indicate that there are 1,764,112 ounces of recoverable gold contained in the areas of the IGP that have been tested and sampled thus far. Using a cut-off market value of $1,500.00 per oz, the Indicated in-situ Gold Resource is currently valued at USD$2,646,168,000.
The Company recently reported that magnetite in the four deposits of the IGP contains 62% iron ore. Based on recent (January, 2013) spot market prices for iron ore and calculating grade, tonnage, mine life, production costs and recovery rate, the iron ore contained in the known deposits has a present market value of USD$2,912,090,850. Including the newly released gold numbers, the resulting aggregate mineral value confirmed to date is USD$5,558,258,850.
Trulan CEO, Robert Rosner, said, "We are obviously very pleased that the gold value is as significant as it is. Given that each of the ore bodies are subject to further step-out exploration drilling and sampling, it is not inconceivable that the number of ounces will increase. The IGP has the potential to be considered a world class discovery."
Thursday, April 4, 2013
Trulan CEO Expanded Chilean Trip To Meet With Government And Mining Officials. IGP Project Site Visit With Potential Financing Partners Also Planned.
PR Newswire (Thu, Apr 4)
Wednesday, April 3, 2013
$TRLR Trulan CEO In Chile To Discuss Mining Logistics, Potential Additional Claim Acquisition, And To Finalize The Newly Formed Wholly Owned Subsidiary.
PR Newswire (Wed 7:00AM EDT
Quote:
HENDERSON, Nev., April 3, 2013 /PRNewswire/ -- Trulan Resources Inc. (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.)
Thursday, March 28, 2013
$TRLR Trulan Established Wholly Owned Subsidiary And Corporate Office in Santiago, Chile
PR Newswire (Thu 7:00AM EDT)
Quote:
HENDERSON, Nev., March 28, 2013 /PRNewswire/ -- Trulan Resources Inc. (TRLR) (the "Company" or "Trulan") reports that it has registered a Chilean company, Trulan Resources S.A., which is a wholly owned subsidiary of the U.S. parent, Trulan Resources Inc.
Trulan Resources S.A. 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. The corporate office of Trulan Resources S.A. is located in the international business district of Santiago at AVDA APOQUINDO 3600, 5 PISO, LAS CONDES, SANTIAGO, CHILE.
Monday, March 25, 2013
$TRLR Trulan CEO Provided Insight And Update On Chilean Mining Project
Quote:
HENDERSON, Nev., March 25, 2013 /PRNewswire/ -- Trulan Resources Inc. (TRLR) (the "Company" or "Trulan") Chief Executive Officer, Robert Rosner, is pleased to provide a summary update on the recent activities surrounding the Company's acquisition agreement on the IGP Iron-Gold-Platinum Project.
Friday, March 22, 2013
$TRLR IGP Iron-Gold-Platinum Project Attracts Interest From Private Equity Groups, Financial Institutions And Investment Banks.
Quote:
HENDERSON, Nev., March 22, 2013 /PRNewswire/ -- Trulan Resources Inc. (OTC Pink: TRLR) (the "Company" or "Trulan") is pleased to report that the scope of the Company's IGP Project in central Chile has attracted the attention of a number of significant private equity groups and Investment banking firms. Expressions of interest regarding the future financing of the IGP have been received by Trulan and management has had some preliminary discussions to qualify this interest.
The Company reported on March 11, 2013 a PEA (preliminary economic assessment) of the iron ore contained in four deposits on the IGP property which amounted to US$ 2,912,090,850. The value reflects the high grade and size of the indicated reserve based on current spot market price. Each of the four IGP deposits also contain significant gold and platinum values as well as additional other 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.
Robert Rosner, Trulan's CEO, said "As we have gotten deeper into the data on the IGP Project, it has become apparent that there is a large and, what appears to be, economic iron ore reserve. However, I think that the gold and other types of high value mineralization that have been encountered are much more intriguing. The financing groups that have approached us are intrigued as well."
Trulan intends to continue developing its expanded exploration program and will continue discussion with regard to financing its operations with the most appropriate partner.
finance.yahoo.com/news/trulans-igp-iron-gold-platinum-170000987.html
Thursday, March 21, 2013
$TRLR Trulan Arranged $1,000,000 Debt Financing For Development Work On The IGP Iron-Gold-Platinum Project In Chile.
PR Newswire (Thu 7:00AM EDT)
Quote:
HENDERSON, Nev., March 21, 2013 /PRNewswire/ -- Trulan Resources Inc. (TRLR) (the "Company" or "Trulan") reports that it has negotiated a loan agreement with a private investment group for the provision of US$1,000,000. The funds will be provided in stages in order to further various work initiatives on the Company's IGP Project in central Chile.
The term of the loan is two years from the date the full amount is provided to the Company and bears an annual interest rate of 6%. Trulan has already received funds under the agreement, with further tranches to be forwarded as per scheduled intervals.
In addition, the loan may be converted into common shares of the Company at the discretion of the private investment group that is providing the funds at any time during the term of the loan. Conversion may be in whole or in part of the loan value and the price per each share converted is US$0.25 in the first year and US$0.50 in the second year.
The funds will be used to initiate the contemplated exploration plan and move toward a comprehensive mining plan and full feasibility study of the IGP Project.
Monday, March 11, 2013
$TRLR 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)
Quote:
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.
Friday, March 1, 2013
$TRLR Outlined Two Sources Of Revenue And Another Highly Prospective Exploration Area On The Recently Acquired IGP Project In Chile.
Quote:
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
Thursday, February 28, 2013
$TRLR Signed Definitive Acquisition Agreement To Acquire 100% Interest In The IGP Project In Chile
Quote:
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.
Friday, February 22
TRLR -Trulan Signed Letter of Intent To Acquire Iron, Gold, Platinum and High Value Industrial Mineral Deposits.
Quote:
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
$TRLR had appointed New Auditor and Management Reported On Additional Corporate Changes.
PR Newswire (Fri, Feb 1)
OTC Pink™ Current Information
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TRLR follows under these guidelines on the OTC Pink current information market tier.
Investigate more @ http://www.otcmarkets.com/stock/TRLR/quote for more due diligence.
Share Structure
Shares Outstanding 450,553,621 a/o Jun 04, 2013
Float 130,117,724 a/o Jun 04, 2013
Authorized Shares 500,000,000 a/o Nov 20, 2012
Par Value Not Available
per otcmarket.com
TranShare Corporation
Transfer Agent
4626 S. Broadway
Englewood, CO, 80113
(303) 662-1112
www.transhare.com
info@transhare.com
TRLR — Quarterly Report 2013 Q-1 Quarterly Report Published: May 15, 2013 Period End: Mar 31, 2013
http://www.otcmarkets.com/financialReportViewer?symbol=TRLR&id=104639
ANNUAL report 4/2/13 period ending 12/31/12 http://www.otcmarkets.com/financialReportViewer?symbol=TRLR&id=101953
TRLR — Attorney Letter with Respect to Current Information
Published: Apr 30, 2013 Period End: Dec 31, 2012 Status: Active
http://www.otcmarkets.com/financialReportViewer?symbol=TRLR&id=103422
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
Company 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
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Resources used in this post: otcmarket.com, www.bloomberg.com, www.finance.yahoo.com, TRLR website http://trulanresources.com/legal
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Industry FAQ’s, charts, and articles
GOLD FAQ'S
Properties: In mass, gold is a yellow-colored metal, although it may be black, ruby, or purple when finely divided. Gold is a good conductor of electricity and heat. It is not affected by exposure to air or to most reagents. It is inert and a good reflector of infrared radiation. Gold is usually alloyed to increase its strength. Pure gold is measured in troy weight, but when gold is alloyed with other metals the term karat is used to express the amount of gold present.
Uses: Gold is used in coinage and is the standard for many monetary systems. Gold is used for jewelry, dental work, plating, and reflectors. Chlorauric acid (HAuCl4) is used in photography for toning silver images. Disodium aurothiomalate, administered intramuscularly, is a treatment for arthritis.
Sources: Gold is found as the free metal and in tellurides. It is widely distributed and almost always associated with pyrite or quartz. Gold is found in veins and in alluvial deposits. Gold occurs in sea water in the amount of 0.1 to 2 mg/ton, depending on the location of the sample.
SILVER FAQ'S
Properties: The melting point of silver is 961.93°C, boiling point is 2212°C, specific gravity is 10.50 (20°C), with a valence of 1 or 2. Pure silver has a brilliant white metallic luster. Silver is slightly harder than gold. It is very ductile and malleable, exceeded in these properties by gold and palladium. Pure silver has the highest electrical and thermal conductivity of all metals. Silver possesses the lowest contact resistance of all metals. Silver is stable in pure air and water, although it tarnishes upon exposure to ozone, hydrogen sulfide, or air containing sulfur.
Uses: The alloys of silver have many commercial uses. Sterling silver (92.5% silver, with copper or other metals) is used for silverware and jewelry. Silver is used in photography, dental compounds, solder, brazing, electrical contacts, batteries, mirrors, and printed circuits. Freshly deposited silver is is the best known reflector of visible light, but it rapidly tarnishes and loses its reflectance. Silver fulminate (Ag2C2N2O2) is a powerful explosive. Silver iodide is used in cloud seeding to produce rain. Silver chloride can be made transparent and is also used as a cement for glass. Silver nitrate, or lunar caustic, is used extensively in photography. Although silver itself is not considered toxic, most of its salts are poisonous, due to the anions involved. Exposure to silver (metal and soluble compounds) should not exceed 0.01 mg/M3 (8 hour time-weighted average for a 40 hour week). Silver compounds can be absorbed into the circulatory system, with deposition of reduced silver in body tissues. This may result in argyria, which is characterized by a greyish pigmentation of the skin and mucous membranes. Silver is germicidal and may be used to kill many lower organisms without harm to higher organisms. Silver is used as coinage in many countries.
Sources: Silver occurs native and in ores incuding argentite (Ag2S) and horn silver (AgCl). Lead, lead-zinc, copper, copper-nickel, and gold ores are other prinicipal sources of silver. Commercial fine silver is at least 99.9% pure. Commercial purities of 99.999+% are available.
PLATINUM (PGM) FAQ'S
Characteristics: The PGMs are the densest known metal elements. Exceptionally rare, the six metals naturally occur in the same ore bodies. They are highly durable and, due to their high value, often recycled, giving them long life cycles.
Platinum and palladium are soft and ductile. They resist oxidation and high temperature corrosion and are often used as catalysts. Catalysts speed up chemical reactions without themselves being chemically altered in the process.
Rhodium and iridium are harder and more difficult to work with, however, chemical compounds of these two metals are valued in a number of alloy applications. Rhodium is valued as a catalyst material.
Ruthenium and osmium are hard, brittle and have poor resistance to oxidation, but are valuable alloy additives and catalysts.
Applications: PGMs are most often used as catalysts because of their chemical stability, but they are not limited to this role. According to the International Platinum Group Metals Association (IPA), one quarter of all goods manufactured either contain a PGM or had a PGM play a key role in its production.
Some examples of end-use applications include: in catalysts for the petroleum industry (palladium and platinum), in pacemakers and other medical implants (iridium and platinum), as a stain for fingerprints and DNA (osmium), in the production of nitric acid (rhodium), and in chemicals, such as cleaning liquids, adhesives and paints (ruthenium).
DEPOSIT
PGM are derived from deposits of several types, most often associated with nickel and copper. Most deposits are formed by high temperature magmatic processes and are found in mafic or ultramafic igneous rocks, of which platinum and palladium concentrations commonly constitute 10-20 ppb. Platinum and Palladium are enriched in sulphide melt in a deposit forming process, which is dispersed as small droplets in silicate magma. As the distribution coefficient is very high towards sulphide, these droplets later accumulate at the bottom of the magma chamber due to gravity segregation and are mined as seams.
There are two principal types of magmatic PGM deposits:
PGM-dominant deposits: these deposits are associated with sparsely dispersed sulphide mineralization, PGM are the main economic components with nickel and copper as less valuable byproducts.
Nickel-copper sulphide deposits: the PGM occur in association with sulphide-rich ores and constitute byproducts. Deposit types are related to komatiitic volcanic and intrusive rocks, rift and continental flood basalts, or alternatively associated with meteorite impacts.
There are a variety of other deposits from which PGM are extracted, but they are of relatively minor significance in terms of PGM production (BGS 2009).
Often platinum minerals are also found in secondary deposits; platinum is combined with the other platinum group metals in alluvial deposits.
GENERAL CHARACTERISTICS
The platinum group metals (PGM) are a group of 6 chemically very similar elements comprising the light platinum metals ruthenium (Ru), rhodium (Rh), palladium (Pd) and the heavy platinum metals, PLATINUM-GROUP METALS (PGM) 2 Version: 1.10 Status: Released © POLINARES Consortium 2012 osmium (Os), iridium (Ir) and platinum (Pt). As with gold and silver the PGM are precious metals and occur very rarely in the earth’s crust. The crustal abundance of platinum and palladium is about 5 parts per billion (ppb). Rhodium (Rh), ruthenium (Ru), iridium (Ir) are even more rare with approx. 1 ppb. PGM are commonly found naturally in a wide variety of alloys, either together or with other metals, particularly with iron. They occur less commonly with tin, copper, lead, mercury and silver and are sometimes bonded in a variety of ligands including sulphur, arsenic and antimony.
Since they have similar chemical and physical characteristics, the PGM often occur together naturally and can only be mined together as co-products with platinum normally providing the reason behind PGM production level. In particular palladium is extracted as a byproduct in nickel production but the other PGM are also extracted to a lesser extent as a byproduct in nickel and copper production.
Platinum and palladium are soft, ductile and highly resistant to heat and corrosion. All PGM alloyed with one another or with other metals can act as catalysts.
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OTC mining companies
http://www.24hgold.com/english/listcompanies.aspx?fundamental=true&commodity=PL
Mining Statistics in Chile
http://www.24hgold.com/english/stat_country.aspx?pays=Chile
The Chilean Mining Sector - Market Opportunity and Entry Strategies, Analyses and Forecasts to 2015
http://finance.yahoo.com/news/chilean-mining-sector-market-opportunity-175400244.html
Mining in Chile: A new phase of expansion The portfolio of new projects will allow the country to increase copper production to 7.4 million tons by the end of the decade, while output of gold will triple.
http://www.latinomineria.com/revistas/index_neo_en.php?id=883
