TNR Gold Completes Drill Program, Confirms Mineralization Model And Expands Target Area At The Shotgun Gold Project In Alaska (prnews)
VANCOUVER, British Columbia, Sept. 6, 2012 /PRNewswire/ -- TNR Gold Corp. (the "Company") (TSXV: TNR) is pleased to
announce the successful completion of the 2012 exploration drilling and
geophysical program on its 100% owned Shotgun Gold Project in Alaska. The 30-day exploration
program included 814 metres of drilling in three holes. The geological features
observed in the drill core confirm down-dip and along strike extensions of
feeder zones discovered in earlier drilling campaigns.
Geophysical surveys that helped to identify the feeder zones were expanded
along the ridge and elsewhere within the property during the 2012 work program
to guide future drilling.
Drill Program Highlights
Three drill holes totalling 814 metres were completed on the Shotgun Ridge
prospect. The drilling was designed to extend the mineralized feeder zones
identified in drill hole 06-43 down-dip and along strike. Diamond drill hole
06-43 intersected 210 metres grading 1.3 g/t Au (grams per tonne gold).
Higher-grade intervals, within this zone defined the position of structurally
controlled feeder zones. The geology, sulphide mineralization and structural
features encountered in the 2012 drilling are similar to that found in 06-43.
Geochemical assay results are pending.
The feeder zone associated with the higher-grade assays in hole 06-43 was
intersected in all three drill holes providing the Company with greater
confidence in extending this zone along strike and to depth with further
"It is encouraging that we see continuity of the intrusive breccia in all
three 2012 drill holes. DDH 12-57 was drilled approximately 50 metres NW of
06-43 and both 12-58 and 12-59 were collared approximately 30 metres behind
06-43, intersecting the targeted zone as much as 100 metres down-dip. These
results confirm that the structural feature believed to host some of the better
mineralization at Shotgun Ridge is continuous over some distance and correlates
well with the ongoing interpretations of the geophysics thus is clearly open at
depth." comments John Harrop, VP
Geophysical anomalies that were interpreted as structural corridors hosting
mineralization in the 2011 three-dimensional IP/resistivity survey data were
found to be coincident with the interpreted mineralized feeder zones. Additional
three-dimensional IP/resistivity surveys were carried out in
the 2012 program to expand and further define the correlation between
geophysical response and mineralization.
Geophysical Survey Highlights
Following the successful application of three-dimensional
IP/resistivity surveys in 2011, SJ Geophysics Ltd. collected three
additional grids during the 2012 field season. One grid was centred on a surface
geochemical gold anomaly at the Winchester prospect, the southernmost target
area along a 35 kilometres discontinuous mineralized trend running south from
Two other grids were designed to extend the 2011 survey at Shotgun Ridge. The
data were collected in a manner where they could be merged with the 2011 surveys
and modelled in three dimensions to produce a single comprehensive
three-dimensional model of chargeability, resistivity, geology and geochemistry
to be used for further target delineation. The geophysical data are being
processed and results of the merged surveys are pending.
About the Shotgun Gold Project
TNR holds a 100% interest in the Shotgun property located 175 kilometres
south of Donlin Creek within the Kuskokwim Gold Belt in southwestern Alaska. This area is emerging as a
world-class gold district hosting more than 40 million ounces of aggregated gold
resources. The Shotgun property includes a number of prospects, including
Shotgun Ridge and nearby Winchester. Donlin is an intrusion-associated system
and represents one of the largest undeveloped gold deposits in the world. The
Company believes that there are several key similarities between prospects on
the Shotgun property and that of the Donlin Creek gold deposit as well as other
important intrusion-associated deposits.
John Harrop, PGeo, FGS, a Qualified
Person for TNR Gold Corp. as defined by NI 43-101 has reviewed the technical
information contained in this report.
TNR Gold Corp.
Over the past twenty-one years TNR, through its lead generator business
model, has been successful in generating high quality exploration projects
around the globe. With the Company's expertise, resources and industry network,
it is well positioned to aggressively identify, source, explore, partner and
continue to expand its project portfolio.
TNR's recently listed subsidiary, International Lithium Corp. (TSX: ILC.V),
demonstrated the successful application of TNR's business model in which TNR
shareholders benefited from a unit distribution upon spin-out of TNR's lithium
and rare metals projects. Ganfeng Lithium Co. Ltd. is a leading China based multi-product lithium
manufacturer and strategic partner and investor in ILC. TNR remains a large
shareholder in ILC at 25.5% of outstanding shares.
At its core, TNR provides significant exposure to gold and copper through its
holdings in Alaska and Argentina; and teamed with the recent
acquisitions of rare-earth elements and iron ore projects in Canada confirm TNR's commitment to
continued generation of in-demand projects, while diversifying its markets and
building shareholder value.
On behalf of the board,Gary
the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. Statements in this press release other
than purely historical information, historical estimates should not be relied
upon, including statements relating to the Company's future plans and objectives
or expected results, are forward-looking statements. News release contains
certain "Forward-Looking Statements" within the meaning of Section 21E of the
United States Securities Exchange Act of 1934, as amended. Forward-looking
statements are based on numerous assumptions and are subject to all of the risks
and uncertainties inherent in the Company's business, including risks inherent
in resource exploration and development. As a result, actual results may vary
materially from those described in the forward-looking statements.
Symbol: TNR:TSXVCUSIP: #87260X 109SEC
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620 - 650 West Georgia StreetVancouver, British
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SOURCE TNR Gold Corp.