Trulan Resources Inc. (PINK: TRLR) exploration and mining development company with a focus on Gold, Silver, and Platinum
TRLR (Trulan Resources Inc.) is a Nevada based exploration and mining development company with a focus on Gold, Silver, and Platinum Group Metals (PGM) projects in North and South America.
TRLR and its management team have evaluated several highly prospective properties that have shown excellent promise for the establishment of near term mining operations, in addition to highly anticipated exploration potential.
TRLR is committed to the acquisition of properties that have previously undergone significant exploration and work programs, and where a comprehensive data package exists.
TRLR is now a major supplier of clean energy to the grid. It has done this largely through the conversion of waste heat captured from landfill-generated methane gas generator engine exhaust and radiator jacket coolant systems.
Top Investor Highlights
TRLR 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.
TRLR recently reported 1,764,112 ounces of gold present on its IGP Iron-Gold-Platinum Project in Chile. 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.
TRLR has seen strong interest from private equity backers eager to help finance its explorations. Recent site visits to Chile saw key members of a specific private equity group accompanying management on the trip. This private equity group is interested in potentially financing a mining and processing operation to exploit the four known ore bodies.
TRLR recently reported that magnetite in the four deposits of the IGP contains 62% iron ore. Based on 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.
TRLR has been generating realizable gains on a positive momentum which saw market valuation jumping more than 23% recently!
TRLR, at current market valuation, has a RSI of 40.56. This indicates exceptional room for gain potential.
TRLR’s Investment in the IGP-Iron-Gold-Platinum Project Has Huge Potential
TRLR 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.
TRLR 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.
TRLR 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.
TRLR Is Tapping Into Mining Finds worth Billions
TRLR’s magnetite cache 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.
The IGP Project also 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.
TRLR’s report on the newly released gold numbers, and the magnate iron ore quantities means that the company has mining discoveries which value in aggregate confirmed to date of USD$5,558,258,850.
TRLR’s CEO, Robert Rosner is upbeat and says that:
“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.”
TRLR is enjoying very friendly trading at the moment and investors are riding those gains (as they should). Don’t hesitate to make your move on this play which is rich with upside potential.