TNR Gold Corp (TSE-TNR)
Vancouver B.C.: TNR Gold Corp. (the "Company" or "TNR") expanded
their land position at the wholly owned Shotgun Gold project in Alaska.
A total of 66 mining claims, each 160 acres, were located over and
surrounding the Shotgun Ridge prospect for a total of 10,560 acres
(4273.48 hectares). Sixteen of these claims were converted from
Traditional Claims to MTRSC Mining Claims (meridian, township, range,
section and claim) making the area of new acquisitions equal to 8000
acres (3237.48 hectares).
TNR acquired 100% of the Shotgun Ridge prospect in 2010 following a
50/50 joint venture with Novagold Resources Inc. ("Novagold"). The
Traditional Claims were located over the Shotgun Ridge deposit and the
Company elected to convert these to MTRSC Mining Claims to simplify
administration of the land titles in accordance with Senate Bill 175.
Ground geophysical surveys conducted in 2011 and 2012 by TNR helped to
identify structural controls on mineralization at Shotgun Ridge. Drill
testing in 2012 confirmed the structural model of mineralization with
two drill holes returning mineralized intervals in excess of 200 metres,
SR12-56 returned 242 metres averaging 1.25 g/t gold and SR12-57
returned 209 metres averaging 1.02 g/t gold (news release dated 10
Extrapolating the known mineralized structures into the area surrounding
Shotgun Ridge, the Company identified additional areas where similar
mineralization may be present and as a result acquired the mineral
rights to these adjacent targets. A portion of future exploration work
will be conducted in these new areas beginning by revisiting previously
identified gold showings in respect of the new structural models.
The Company is targeting a large tonnage low-grade porphyry system at
Shotgun Ridge. Structural repeats, as interpreted from airborne magnetic
data and ground geophysical surveys, provide TNR with encouraging
targets for future drill testing.
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
About 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 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. Gangeng 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
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.
For further details on the Shotgun Ridge Project please view the
PowerPoint presentation at
On behalf of the board,
Neither 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.