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Showing posts with label tnrgold. Show all posts
Showing posts with label tnrgold. Show all posts

Sunday, October 19, 2014

TNR Gold Shareholders will finally get to cash in on Giant Los Azules Copper Project.

TNR Gold Corp. and McEwen Mining Inc. Agree to Convert
TNR’s Back in Right to a NSR on the Los Azules Copper Project, Argentina

Vancouver, B.C. October 17, 2014, TNR Gold Corp. (the "Company" or “TNR) (TSX VENTURE:TNR.V ) announces that it has entered into a transfer agreement (the “Transfer Agreement”) with McEwen Mining Inc. (NYSE:MUX, TSX:MUX) ("McEwen") pursuant to which the Company will convert all of rights and interests (the “E&O Agreement Rights”)  under a Cordon de Los Azules Exploration and Option Agreement dated effective as of May 15, 2004, as amended April 26, 2005 and November 8, 2012, including its 25% back-in right (the “Back-In Right”) in the northern portion of the Los Azules Copper Project (the “Project”) in San Juan Province, Argentina.  The Back-In Right is exercisable following the completion of a feasibility study and if the Company elected to back-in for 5% or less or had its interest diluted to 5% or less, TNR would receive a net smelter royalty of 0.6% from the northern portion of the Project (see TNR News Release November 12, 2012).
In exchange for TNR converting the E&O Agreement Rights, McEwen will:
 (1) cause its  wholly owned Argentinian subsidiary, Andes Corporacion  Minera S.A. (“Andes”) to enter into a net smelter royalty agreement with Compania Minera Solitario Argentina S.A.  (“Solitario”), an Argentinian company controlled by TNR,  pursuant to which Andes will pay Solitario a 0.4% net smelter returns royalty (“NSR”) in respect of the entire Project;

(2) issue TNR 850,000 common shares; and

(3) pay TNR 1% of any purchase price paid to and received by McEwen in respect of any sale, assignment of transfer of all of its interest in the Project, to a party other than to an affiliate of McEwen, on or before the third anniversary of the Transfer Agreement.

The Company believes converting the E&O Agreement Rights are in the best interest of its shareholders because it clarifies the ambiguity surrounding the details of the Back-In Right and the conditions under which the Back-In Right can be exercised.

Gary Schellenberg, President and CEO of TNR commented, “We have noted significant confusion in some of our shareholders regarding the particulars of the Back-In Right. It is the goal of TNR, through its lead generator business model, to advance toward the royalty ownership model as our projects, identified at an early stage of exploration, are advanced toward development by joint venture partners. This latest agreement with McEwen now completes the process for the Los Azules Project.”

 “We are very pleased to reach this agreement with McEwen. I would like to thank Rob McEwen personally for his efforts to work with us to find an amenable solution to simplify the Back-In Right at Los Azules. I am confident this transaction will facilitate the advancement of the Los Azules Project. Los Azules is a unique, long-life, copper mining opportunity in Argentina. Recent acquisitions which include the Las Bambas copper mining project in Peru acquired by Minmetals Group from China and the Taca Taca copper deposit in Argentina acquired by First Quantum Minerals Ltd. confirm there is significant value to be realized for projects in this region. TNR Gold now carries an industry standard NSR on the entire Los Azules project which also allows McEwen Mining to facilitate further strategic transactions with this Project and I believe the shareholders of TNR will benefit as the Project advances through the feasibility stages,” commented Mr. Kirill Klip, Non-Executive Chairman of TNR.

ABOUT LOS AZULES

The Los Azules copper deposit is located in the San Juan province of Argentina. McEwen is the current operator on the Los Azules copper deposit and the Company has previously advised that on May 15, March 28, and March 13, 2013, McEwen Mining Inc. issued press releases in relation to the deposit, which are accessible on SEDAR at http://www.sedar.com and on McEwen Mining Inc.’s website at http://mcewenmining.com.
McEwen's press releases appear to be prepared by Qualified Persons and the procedures, methodology and key assumptions disclosed therein are those adopted and consistently applied in the mining industry, but no Qualified Person engaged by TNR has done sufficient work to analyze, interpret, classify or verify McEwen's information to determine the current mineral reserve or resource or other information referred to in their press releases. Accordingly, the reader is cautioned in placing any reliance on the disclosures therein.

ABOUT TNR GOLD Corp.  (www.tnrgoldcorp.com)

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 recently reported an inferred mineral resource at the Shotgun Gold project in Alaska containing 20,734,313 tonnes at 1.06 grams per tonne (“g/t”) gold for a total of 705,960 ounces gold (“Au”) using a 0.5 g/t Au cut-off (see news release dated 22 April 2013).
TNR is also a major shareholder of International Lithium Corp. (TSX:ILC.V) (“ILC”), a company created by TNR to advance its internationally acquired lithium prospects. TNR currently holds about 25.5% of the outstanding shares of ILC.
At its core, TNR provides significant exposure to gold and copper through its holdings in Alaska and Argentina and is committed to continued generation of in-demand projects, while diversifying its markets and building shareholder value.
John Harrop, PGeo, FGS, is a "Qualified Person" as defined under NI 43-101 and has reviewed and approved the technical content of this news release.
For further details please see our website at http://www.tnrgoldcorp.com/s/NewsReleases.asp
On behalf of the board,

Gary Schellenberg
President

Thursday, September 27, 2012

TNR Gold Extends Mineralized Zones At Shotgun With 209 Metres Of 1.02 g/t Gold

 (prnews)
VANCOUVER, British Columbia, Sept. 27, 2012 /PRNewswire/ -- TNR Gold Corp. (the "Company") (TSX-TNR) is pleased to announce assay results from the second hole of the 2012 drilling program on the Shotgun gold project in Alaska.  Drill hole SR12-57 returned 209 metres averaging 1.02 grams per tonne gold across the full length of the targeted porphyry system. These results include several higher-grade intercepts that confirm the Company's model of mineralization where elevated gold values occur in repeating structural features through the Shotgun Ridge area.
  • Drill hole SR12-57 returns mineralized interval of 209 metres averaging 1.02 grams per tonne gold.
  • Included within this interval is 61.4m averaging 1.53 g/t Au.
  • Combined with SR12-56 (containing a 242m interval with 1.25 grams per tonne gold), the gold mineralization model at Shotgun Ridge is confirmed along strike and down dip.
  • Drill hole SR12-57 ended in mineralization at a down hole depth of 300 metres (approximately 150m below the topographic surface).
Drilling Results
Diamond drill hole SR12-57 was drilled at the same orientation as SR06-43, approximately 35m to the southwest (SR06-43 was previously reported to contain 210 metres averaging 1.3 g/t Au). SR12-57 was one of three drill holes drilled in 2012 to test continuation of the mineralized zones encountered in 06-43 along strike and to depth. 12-57 is the first drill hole in a fence below 06-43 and together enhances the Company's understanding of the controls on gold mineralization at Shotgun Ridge.

Three zones are identified by more intense brecciation and increased gold grades within the porphyritic intrusive and correlate well between all 2012 drill holes. These new results, combined with those previously released for SR12-56, significantly reinforce confidence in the specific orientation of the higher-grade southwest dipping mineralized zones and provide a basis for future drill targeting.  The strongest mineralization encountered in hole SR12-57 is coincident with interpreted geophysical anomalies.  The hole, drilled at a 45 degree angle down the side of the ridge, ended in mineralization at a down hole depth of 300m which is approximately 150m below the topographic surface.


From
To
Width
Au g/t
Entire intrusive
91.00
300.00
209.00
1.02





including (SW-zone)
91.00
148.00
57.00
1.24
which includes
91.00
131.00
40.00
1.49





including (NE-zone)
170.45
300.00
128.60
1.04
which includes
220.00
281.40
61.40
1.53
containing
244.00
276.00
32.00
1.72

Cross section and plan map images showing SR12-57 and SR06-43 are available on the Company's website http://www.tnrgoldcorp.com/i/pdf/TNR_Shotgun_MAY2012_Public.pdf or to view the latest summary video of this news release please select the following TNR_VitralNetworkNews

Drill targeting was aided by geophysical surveys conducted in 2011. The IP/Resistivity surveys were successful in identifying the position of important, mineralization controlling structures and contacts.  The geophysical surveys were expanded in 2012. The Company believes that the new drill results confirm the orientation of these key structures and the correlation with geophysical anomalies provide a clear targeting method for continued drill programs and future resource delineation.

"We are encouraged by the uniformity of gold grades across the reported intersections and that the averages are not supported by narrow, high grade intervals.  The results build on the success of the 2011 geophysical surveys, and establish an exploration method that can locate buried targets at the Shotgun property.  This is a key step in being able to apply geophysical results from 2012 to planning for the next season of exploration," comments John Harrop, VP Exploration

"The positive results from this year's drilling have significantly elevated the projects' potential and is a major turning point in the exploration at Shotgun Ridge. A previous interpretation of the mineralization at Shotgun showed limited room for expansion. Confirmation of our new model greatly increases the size potential of Shotgun and opens up a number of new zones that will be tested next season," Gary Schellenberg, President and Executive Chairman."

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, multimillion ounce gold district. 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.

Analytical work was conducted by Inspectorate (A Bureau Veritas Group Company) with prep work performed in their Fairbanks Alaska facility.  Fire assay with ICP-ES finishing was conducted by Acme Analytical laboratories (A Bureau Veritas Group Company) in Vancouver, Canada.  Samples with greater than 10 g/t Au were automatically reanalysed using fire assay with a gravimetric finish.  Both of these laboratories are ISO 9000 certified and in addition Acme has ISO 17025 certification.  TNR Gold inserts certified reference materials and blanks in a quality control procedure that follow industry current best practices.

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.

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 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. 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 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 SchellenbergPresident

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.
Symbol: TNR:TSXVCUSIP: #87260X 109SEC 12g3-2(b): Exemption #82-4434
620 - 650 West Georgia StreetVancouver, British ColumbiaV6B 4N9, Canada Voice: (604) 687-7551Fax: (604) 687-4670 1-800-667-4470E-mail: info@tnrgoldcorp.comWebsite: http://www.tnrgoldcorp.com

SOURCE TNR Gold Corp.

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Friday, September 7, 2012

TNR Gold confirms Mineralization at Shotgun Ridge Drilling in Alaska

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 drilling.

"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 Exploration.

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 Shotgun Ridge.

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.

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 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 SchellenbergPresident

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. Symbol: TNR:TSXVCUSIP: #87260X 109SEC 12g3-2(b): Exemption #82-4434
620 - 650 West Georgia StreetVancouver, British ColumbiaV6B 4N9, Canada Voice: (604) 687-7551Fax: (604) 687-4670 1-800-667-4470Caroline KlukowskiE-mail: ck@trngoldcorp.com

Website: http://www.tnrgoldcorp.com
SOURCE TNR Gold Corp.
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Thursday, July 19, 2012

TNR Gold commences drilling at Shotgun Ridge property in Alaska

Vancouver, British Columbia -- July 2012 -- TNR Gold Corp. (the "Company") Further to the announcement on July 5th, 2012 pertaining to the launch of the Shotgun Gold project in Alaska, TNR is pleased to report that exploration and camp preparation is on schedule for a start of drilling planned for July 15th.

Objectives of the 2012 Shotgun Gold Project include:
Infill drilling to support a new resource calculation after field season;
• Test new geophysical targets identified in 2011;
• Further test at depth feeder zones discovered in 2006, and
• Geophysical surveys of other ridges for new, structural, drill targets
.

The geophysics contractor is setting up the first of several 3D resistivity and chargeability survey areas across the property at Winchester, the southern-most prospect of the Shotgun Project. Ground based magnetics are also planned in conjunction with the primary survey. Locations of additional geophysical grids will include extension of the 2011 survey at Shotgun Ridge to further define features identified at the edge of that survey.

In anticipation of the project financing earlier this year, TNR management utilized in-house and contract services to effectively complete planning and permitting while assembling a field team for geology, drilling, geophysics and support services. TNR continues to apply its strategic plan to be able to respond quickly to opportunities and build shareholder value.

Mr. John Harrop, VP of Exploration notes, "We are fortunate to be drilling a zone that is within Shotgun Ridge and not under a valley. This geometry means that there is less cover to drill through than we would encounter in a valley bottom and that translates to a cost saving in drilling, and better resolution in the geophysical surveys. Ultimately, should an economic deposit be proven here, we expect it to reduce the footprint and benefit mining efficiency."

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.

Previous work at Shotgun Ridge by NovaGold Resources Inc. in 1998 estimated an historical resource of 980,000 ounces grading 0.93 grams per tonne (g/t) at a cut-off of 0.5 g/t (This estimate was made prior to NI43-101 and has not been verified by a Qualified Person. It is provided for historical information and should not be relied upon).
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.
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Wednesday, June 13, 2012

TNR Gold drilling At Shotgun Ridge Gold Project, Alaska as TSX Approves $3.5 Million Loan Agreement

Jun 12, 2012 by PR Newswire
 TNR Gold Corp. (the "Company") (TSX VENTURE EXCHANGE - TNR) is pleased to provide an update on the planned exploration program at its Shotgun property in Alaska. The program will commence immediately and will include an estimated 1500m of drilling at Shotgun Ridge prior to a resource calculation updating the historical estimate. 3D geophysical surveys are also planned for Shotgun Ridge and other areas within the property where there are extensive, but currently unexplained geochemical gold anomalies.

In addition to returning 210.5m gold grades averaging 1.29 g/t, including 27.4 m of 2.3 g/t Au, drill hole 06-43 significantly changed the Company's understanding of structural control at Shotgun Ridge and demonstrated that mineralization is still open at depth (Technical Report on the Shotgun-Winchester Project, SW Alaska, 2008). Following exploration at other prospects on the Property, the Company returned to Shotgun Ridge in 2011 to conduct a geophysical orientation survey across the area containing the drilling and historical resource. 3D resistivity and chargeability results show previously unknown structures within the ridge that appear to correlate well with geology and mineralization identified in drilling. The current program will use the 3D geophysical results to assist targeting mineralization to depth along southwest dipping feeder zones identified in hole 06-43. (Further details on the project can be found on our website at www.tnrgoldcorp.com/i/pdf/TNR_Shotgun_MAY2012_Public.pdf)

"Drill hole 06-43 has clearly been the most encouraging hole at Shotgun Ridge. We are optimistic that the current drilling program will continue to increase this mineralized zone at depth which will be reflected in the subsequent resource estimate" comments John Harrop, VP Exploration

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.

Previous work at Shotgun Ridge by NovaGold Resources Inc. in 1998 estimated an historical resource of 980,000 ounces grading 0.93 grams per tonne (g/t) at a cut-off of 0.5 g/t (This estimate was made prior to NI43-101 and has not been verified by a QP. It is provided for historical information and should not be relied upon).

John Harrop, P.Geo, is the company's qualified person on the project as required under NI 43-101 and has reviewed the technical information contained in this press release.

Further to the Company's news release dated May 31, 2012, the TSX Venture Exchange has accepted for filing a loan agreement dated May 29, 2012 for $3.5 million .

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 recently listed subsidiary, International Lithium Corp. (TSX:ILC), 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. 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 SchellenbergPresident

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.
620 - 650 West Georgia StreetVancouver, British ColumbiaV6B 4N9, Canada Voice: (604) 687-7551Fax: (604) 687-4670 1-800-667-4470E-mail: info@tnrgoldcorp.com
Website: http://www.tnrgoldcorp.com
Symbol: TNR:TSXVCUSIP: #87260X 109SEC 12g3-2(b): Exemption #82-4434
SOURCE TNR Gold Corp.
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Monday, May 14, 2012

Tnr Gold's interest in giant copper project draws third part interest!


TNR Gold Receives Third Party Proposal and Provides Los Azules Project Update
TNR Gold Corp. (the "Company") (TSX VENTURE: TNR) has received an unsolicited proposal from a third party to merge with TNR and to acquire TNR's wholly owned subsidiary Compania Minera Solitario Argentina S.A. ("Solitario"). The Company has called a meeting of the TNR Board of Directors to determine whether the proposal is sufficiently attractive to commence exclusive negotiations with the third party, and also to consider its other strategic alternatives.

TNR and Solitario are currently in litigation with Minera Andes Inc. (and indirect subsidiary of McEwen Mining Inc.) and MIM Argentina Exploraciones S.A. The litigation (the "Los Azules Litigation") involves a challenge to title to a substantial portion of the mineral properties constituting the Los Azules Project in San Juan Province of Argentina. Specifically, TNR is challenging the title of Minera Andes Inc. and certain of its subsidiaries to the mineral properties constituting the northern half of the Los Azules project (the "Solitario Properties"). TNR is seeking return to it of a 100% interest in the Solitario Properties or damages; and, effectively, in the alternative, recognition of TNR's right to back-in to a 25% interest in the properties; together with recognition of TNR's interest in the related Escorpio IV property. A trial in the Courts of British Columbia is set to commence in November, 2012 and last for approximately six weeks.

McEwen Mining is continuing a significant expansion drilling program at Los Azules, but has announced that it is focusing, and will continue to focus, its exploration efforts on the portion of the Los Azules mineral claims that are not subject to the ongoing litigation.
 

Kirill Klip, Chairman of TNR commented that: "The Los Azules project is considered to represent one of  the largest undeveloped copper projects in the world but the current legal uncertainty over its legal ownership is detracting from the value of the project for shareholders of both TNR and McEwen Mining. The third party proposal which we have received to purchase TNR, together with the fact that McEwen Mining has decided to limit its drilling activity to non-disputed mineral claims only are further validation of the value of TNR, its title claims and its prospects for success in the upcoming Los Azules litigation."
The Los Azules Project is located in western San Juan Province within a belt of porphyry copper deposits that straddles the Chilean/Argentine border. This belt contains some of the world's largest copper deposits, including Codelco's El Teniente and Andina mines, Anglo American's Los Bronces mine, Antofagasta PLC's Los Pelambres mine and Xstrata's El Pachon project, among others.

Shareholders and other interested parties are invited to review the Court filings relating to the Los Azules Litigation which are available from the BC Supreme Court registry database (BC Online) and are hosted on TNR's webpage at www.tnrgoldcorp.com/s/LosAzules.asp.

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 recently listed subsidiary, International Lithium Corp. (TSX VENTURE: ILC), 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. 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 Schellenberg, President - TNR Gold Corp. 


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. In particular, there are no assurances that the third party proposal recently received by the Company will develop into a formal offer for the Company, or that any such formal offer would be attractive to, or result in the sae of, the Company. There are no assurances that the Company will decide to commence a formal sale process or that, if commenced, such sale process would result in an attractive offer and sale of the Company. There are no assurances that the Company will achieve a favourable outcome in the Los Azules litigation.
CUSIP: #87260X 109
SEC 12g3-2(b): Exemption #82-4434
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.

Contacts:
TNR Gold Corp.
Gary Schellenberg
President
(604) 687-7551 or 1-800-667-4470
(604) 687-4670 (FAX)
info@tnrgoldcorp.com
www.tnrgoldcorp.com


SOURCE: TNR Gold Corp.
mailto:info@tnrgoldcorp.com
http://www.tnrgoldcorp.com
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Friday, September 9, 2011

TNR Gold Contests Drilling by Minera Andes on Escorpio IV Property, Argentina

TNR Gold Corp.TNR Gold Corp.

TSX VENTURE : TNR




September 09, 2011 10:06 ET



VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 9, 2011) - TNR Gold Corp. (TSX VENTURE:TNR) (the "Company") and wholly owned subsidiary Compañía Minera Solitario Argentina S.A. ("Solitario") announce that on June 27, 2011, the Company and Solitario became aware of a press release entitled "Minera Andes Reports Drill Results and Development Update for the Los Azules Copper Project" (the "Press Release"), published and disseminated by Minera Andes Inc. ("MAI"), in which MAI announces it has conducted a series of drill holes on a mineral property called Escorpio IV, which they describe as a "contested concession".

Key highlights with expanded details below:
  • Solitario is the registered owner of the Escorpio IV mineral concession;
  • MAI publicly reports drilling on Escorpio IV;
  • MAI's action is without Solitario's consent and implies an infringement to Solitario's mineral property rights; and
  • The Company will investigate and determine appropriate legal actions.
To such effect, Solitario communicates and clarifies the following:
  1. Although the mineral property called "Escorpio IV" is the subject of a legal dispute in British Columbia, at present, and for the purposes of the Ministry of Mines, San Juan Province, Argentina (the "Ministry of Mines"), it is exclusively owned by Solitario.
  2. Notwithstanding that Solitario is the registered owner; at no time did MAI seek or obtain Solitario's consent to conduct any of the drilling on Escorpio IV that is referenced in the Press Release.
  3. Such drilling activities imply an infringement to the mineral property rights of Solitario.
  4. In view of the foregoing, on July 15, 2011, a Notarial Acknowledgement Record was filed to put on record the existence of the above mentioned Press Release and its contents.
  5. On August 17, 2011, Solitario informed the Ministry of Mines of the facts outlined above and requested an investigation on MAI thereof and its responsibilities.
  6. Furthermore, in November 2011, once access to Escorpio IV is available, Solitario will verify through a Notary Public, the existence or otherwise of the "drill holes" published by MAI.
  7. Depending on the results obtained through these measures, Solitario will decide on legal actions that may be appropriate.
ABOUT LOS AZULES
Throughout the last three years, TNR and Solitario have been involved in litigation in the British Columbia Supreme Court over their claims to partial ownership of the Los Azules deposit, an advanced-stage exploration project in San Juan, Argentina which hosts one of the largest undeveloped copper resources in the world. It is currently reporting a National Instrument 43-101 compliant Inferred Resource.

The defendants in the litigation are MAI, MIM Argentina Exploraciones S.A. ("Xstrata") and related entities. In the litigation, TNR and Solitario allege that Xstrata and Minera Andes did not complete the required exploration expenditures required for Xstrata's exercise of its option on April 23, 2007 to acquire certain properties constituting the northern half of the Los Azules project (the "Properties"). On that basis, TNR and Solitario have advanced a claim of breach of contract and intentional interference with economic relations, and seek the return of the Properties, or alternatively, damages as against the defendants or any of them. In addition, among other claims, TNR and Solitario seek rectification of a 2004 Exploration and Option Agreement with Xstrata (later assigned to MAI) to restore a right on the part of Solitario to back-in to up to 25% of the Properties any time within 120 days of the production of a feasibility study. TNR and Solitario also seek a declaration that Escorpio IV is owned solely by Solitario. Minera Andes and Xstrata oppose all of the claims advanced by TNR and Solitario. The case is not presently set for trial, but a trial is likely to be held in Vancouver, British Columbia, in 2012.

TNR and Solitario will be vigorously advancing their legal position and invite all shareholders to learn more about the case proceedings via the publicly available documents. The original Notice of Civil Claim, Application with amended claim, and Reasons for Judgment on an amendment application heard in May 2011 are available from the BC Supreme Court registry database (BC Online) and are hosted on TNR's webpage. www.tnrgoldcorp.com/s/LosAzules.asp

ABOUT TNR GOLD CORP. and  INTERNATIONAL LITHIUM CORP.
TNR is a diversified international mineral exploration company focusing on the advancement of existing properties and identifying and acquiring new prospective projects. TNR has a portfolio of 18 active projects, of which 9 rare metals projects, including Mariana, is now held by TNR's now-listed subsidiary, ILC. TNR remains a large shareholder in ILC at 28% of outstanding shares.

The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the TNR and ILC's commitments to generating projects, diversifying its markets, and building shareholder value.
On behalf of the board,
Gary Schellenberg President – TNR Gold Corp.

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.
CUSIP: #87260X 109
SEC 12g3-2(b): Exemption #82-4434
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.

Contact Information


TNR Gold Corp.
Gary Schellenberg
President
(604) 687-7551 or 1-800-667-4470
(604) 687-4670 (FAX)
info@tnrgoldcorp.com
www.tnrgoldcorp.com
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Thursday, June 16, 2011

TNR Gold concentrating on Gold, Silver and Copper projects after Spinoff of ILC.

TNR Gold Corp.
TNR Gold Corp.

TSX VENTURE : TNR



June 16, 2011 13:31 ET

TNR Gold Corporate Update Post Lithium Spinoff



VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 16, 2011) -TNR Gold Corp. (the "Company") (TSX VENTURE:TNR). The Company is pleased to provide our shareholders with an update on TNR Gold Corp.'s activities over the past year and an outlook of its objectives for 2011 and beyond.
TNR has recently completed a major endeavour, the successful completion of a plan of arrangement entailing the spin-out of TNR's lithium and rare metals subsidiary, International Lithium Corp (TSX VENTURE:ILC). As a testament to the merits of the projects, ILC was able to solicit and secure a strategic investor in Jiangxi Ganfeng Lithium Co. Ltd., a prominent lithium product manufacturer. TNR retains 29% ownership in ILC and will continue to benefit from the future potential of lithium and rare metals.

Following the successful listing of ILC, TNR can now fully focus on the gold and rare earth element ("REE") projects that it has been readying for this juncture. One prime example to the strengthening of TNR's core project portfolio is in the recent consolidation of 100% ownership of the Company's Shotgun gold project in Alaska, from NovaGold. The Shotgun Project is situated in a prolific world class gold region with previous operators estimating a non NI43-101 compliant historical resource of 980,000 ounces grading 0.93 gram per tonne at a cut-off of 0.5g/t Au. TNR's goal for the coming year is dedicated to proving and expanding the mineralization at Shotgun and seeking a major partner to assist in the development of this large gold project.
In Argentina, in addition to the work that our joint venture partners such as La Mancha and NGEX Resources are performing on our properties, TNR will focus on its El Tapau project, which has experienced limited drill coverage consisting of 7 holes with one reporting a significant intersection of 82 metres grading 0.49% Cu that has not been followed up on. The company has also recently discovered five historic drill holes drilled on or near the property boundaries internal to our large claim concession, which had returned significant grades of gold, silver and copper. This year, the Company will attempt to validate these remarkable historic results as well as drill the untested geophysical anomalies proximal to this zone to demonstrate the significant potential of the property.

In addition, TNR has bolstered its project portfolio and expanded its commodity exposure with the addition of two new properties, the Big Beaver House and Seabrook REE projects. The Big Beaver House boasts one of the largest carbonatite complexes in Ontario at 5 by 5 kms in scale, has experienced limited historic drilling with only a partial suite of REE elements analyzed for and when reanalyzed relatively recently by the Ontario Geological Survey reported Nd+La+Ce grades up to 3,200 ppm indicating significant total REE potential. These early stage REE projects will be explored throughout the summer with the resulting advancement providing the basis to entice a strategic partner to help finance continued development of these assets.

Throughout the last three years, TNR has also been seeking resolution on its ownership status of the Los Azules, an advanced-staged exploration project in San Juan, Argentina which hosts one of the largest undeveloped copper resources in the world.

In May 2011, following a two-day hearing before the British Columbia Supreme Court, TNR and its subsidiary, Solitario Argentina S.A., have been granted leave to amend their pleadings to add a new claim to the litigation (the "New Claim") over the Los Azules project in Argentina. The litigation involves TNR, Minera Andes Inc., MIM Argentina Exploraciones S.A. ("Xstrata") and related entities. The Los Azules project is an advanced exploration project currently reporting a National Instrument 43-101 compliant Inferred Resource.
The New Claim alleges that Xstrata and Minera Andes did not complete the required exploration expenditures required for Xstrata's exercise of its option on April 23, 2007 to acquire certain properties constituting the northern half of the Los Azules project (the "Properties"). On that basis, TNR and Solitario advance a claim of breach of contract and intentional interference with economic relations, and seek the return of the Properties, or alternatively, damages as against the defendants or any of them.

As a result of the New Claim being added to the litigation, the trial scheduled to commence on June 20, 2011 in Vancouver, BC has been adjourned so that documents relating to the New Claim can be produced. A new date for the trial will be set in due course.

In the original Notice of Civil Claim, among other claims, TNR and Solitario seek rectification of a 2004 Exploration and Option Agreement with Xstrata (later assigned to Minera Andes) to restore a right on the part of Solitario to back-in to up to 25% of the Properties any time within 120 days of the production of a feasibility study. Minera Andes and Xstrata oppose rectification and the other relief sought by TNR and Solitario.

TNR will be vigorously defending its legal position and invite all shareholders to learn more about the case proceedings via the publicly available documents. The original Notice of Civil Claim, Application with amended claim, and the Reasons for Judgment on the amendment application are available from the BC Supreme Court registry and database (BC Online) and are hosted on TNR's webpage.
www.tnrgoldcorp.com/s/LosAzules.asp

Over the past twenty-one years TNR, through its lead generator business model, has been successful in generating high quality exploration projects in North and South America and Europe. With the Company's expertise, resources and industry network, it is well positioned to aggressively identify, source, explore, partner and continue to expand its current project portfolio. TNR remains committed to following this business model and the ability it provides to continue to unlock value for ourselves and its shareholders.
Exploration success begins with having the right people, patience, perseverance and timing. TNR believes it has these key ingredients in place for a successful 2011 and beyond.

ABOUT TNR GOLD CORP. / INTERNATIONAL LITHIUM CORP
TNR is a diversified international mineral exploration company focusing on the advancement of existing properties and identifying and acquiring new prospective projects. TNR has a portfolio of 18 active projects, of which 9 rare metals projects, including Mariana, is now held by TNR's now-listed subsidiary, ILC. TNR remains a large shareholder in ILC at 29% of outstanding shares.

The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the TNR and ILC's commitments to generating projects, diversifying its markets, and building shareholder value.

On behalf of the board,
Gary Schellenberg
President – TNR Gold Corp.

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.
CUSIP: #87260X 109
SEC 12g3-2(b): Exemption #82-4434
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.

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Friday, May 13, 2011

TNR Gold Corp.will spinoff International Lithium Corp. on May 19th

TNR Gold Corp.TNR Gold Corp.

TSX VENTURE : TNR




May 12, 2011 08:30 ET

TNR Gold Corp.: International Lithium Corp. Spin-Out Record Date Set



VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 12, 2011) -TNR Gold Corp. ("TNR") (TSX VENTURE:TNR) and wholly-owned International Lithium Corp. ("ILC") (jointly the "Company") are pleased to announce the TSX Venture Exchange has approved the Company's Plan of Arrangement involving the spin-out of TNR's lithium and rare metals property interests into a separate public company, ILC. The Plan of Arrangement will close and be given effect on May 19, 2011 (the "Record Date") [Note 1].
Key Highlights:
  • TSX Venture Exchange approves the Company's Plan of Arrangement, ILC spin-out;
  • Sets Record Date / Effective Date for May 19, 2011;
  • May 16, 2011 is the last Trading Day whereby eligible TNR Shareholders at the close of market will receive the ILC Unit distribution in accordance with the terms of the Plan of Arrangement [Note 1];
  • ILC financing will close concurrently with Plan of Arrangement; and
  • Strategic Relationship with Jiangxi Ganfeng Lithium Co. Ltd. solidifies as Plan of Arrangement approaches completion.
As part of the process, a separate press release will be issued on or following the Effective Date providing further details for the listing of ILC's common shares and share purchase warrants once listing conditions have been satisfied.
Plan of Arrangement
The Plan of Arrangement, which is fully described in the Company's Information Circular, dated May 10, 2010, effectively involves a restructuring of the Company's business and assets in order to separate its rare metals mineral property interests from its other precious and base metals assets.
Pursuant to the Arrangement:
  • TNR will transfer its lithium and rare metals mineral properties, excluding the Mariana lithium brine property, to ILC for 10,000,000 ILC common shares and 10,000,000 ILC share purchase warrants, each whole ILC share purchase warrant exercisable to acquire one additional share of ILC at $0.375 per share for two years ("ILC Warrants"). 
  •  
  • Concurrent with the closing of the Plan of Arrangement, ILC will exercise the Mariana Option Agreement whereby, ILC will acquire a 100% interest in and to the Mariana Lithium Brine property in exchange for the reimbursement of TNR's costs in acquiring, maintaining and exploring the Mariana Property, of which $1,000,000 shall be payable through the issuance of 7,000,000 ILC common shares and 7,000,000 ILC Warrants, and the balance of which shall be payable in cash. 
  •  
  • Every TNR shareholder will exchange its common shares in TNR for one (1) new common share of TNR and one-quarter of one (0.25) common share of ILC and one-quarter of one (0.25) ILC Warrant. 
  •  
  • TNR warrant holders will receive on exercise of each warrant one new common share of TNR and one-quarter of one (0.25) common share of ILC. The exercise price paid will be split between TNR and ILC on the same ratio that the fair market value of the Spin-out properties has to the fair market value of all assets of TNR.
Note 1: The Record Date allows for a three day standard settlement of accounts from a May 16, 2011 Trade Date.

Therefore May 16, 2011 will be the last day to acquire TNR shares, through normal stock market acquisition procedures, which are eligible pursuant to the Plan of Arrangement for conversion into one (1) new common share of TNR and one-quarter of one (0.25) common share of ILC and one-quarter of one (0.25) ILC Warrant.  

For the avoidance of doubt, if an investor was to purchase shares of TNR on May 17, 2011 through the stock market, that investor will not receive ILC common shares and ILC Warrants through the Plan of Arrangement. Such investor will receive only new common shares of TNR.

ILC Financing
In order to complete the Plan of Arrangement, ILC intended to raise a minimum of $2.5 million to provide ILC with sufficient operating and administration funds to satisfy Exchange requirements for listing (the "Financing") however due to the level of demand the Financing is currently oversubscribed with the Company receiving $3 million in commitments.

The Financing consists of units in ILC offered at a price of $0.25 per unit. Each unit consists of one common share and one ILC Warrant. Each ILC Warrant entitles the holder to purchase one additional common share of ILC at a price of $0.375 for a period of two years from the date of closing ("ILC Units"). Certain fees may be payable on a portion of the placement, in compliance with Exchange requirements. The common shares and ILC Warrants comprising the ILC Units sold under the Financing will be restricted from trading for 4 months in accordance with applicable securities laws.

Jiangxi Ganfeng Lithium Co. Ltd. ("Ganfeng Lithium"), a leading China based multi-product lithium manufacturer has committed through a Strategic Relationship Agreement to an initial strategic investment consisting of a 9.9% equity stake in ILC. Ganfeng Lithium brings significant current and future project development assistance capability. For further details regarding Ganfeng Lithium refer to the Company's press release dated April 18, 2011.

TNR and Non-Executive Chairman Kirill Klip plan to participate in the Financing.

ABOUT TNR GOLD CORP. / INTERNATIONAL LITHIUM CORP.
TNR is a diversified international mineral exploration company focusing on the advancement of existing properties and identifying and acquiring new prospective projects. TNR has a portfolio of 18 active projects, of which 9 rare metals projects, including Mariana, will be held or optioned to TNR's wholly owned subsidiary ILC upon completion of the Plan of Arrangement.

The objective of the Plan of Arrangement is to spin-out TNR's rare metals property interests into a separate public company, ILC. The Plan of Arrangement has been approved by TNR's shareholders, the courts of British Columbia and the TSX Venture Exchange. For further details of the spin-out, please visit International Lithium's website and TNR's information circular dated May 10, 2010 which is available on the SEDAR website at www.sedar.com.

The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the TNR and ILC's commitments to generating projects, diversifying its markets, and building shareholder value.

On behalf of the board,
Mike Sieb
President – International Lithium Corp.
COO – TNR Gold Corp.

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.
CUSIP: #87260X 109
SEC 12g3-2(b): Exemption #82-4434
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.
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