Mar 25 2013
Trulan Resources Inc. (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.
Source: http://trulanresources.com/