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 Schellenberg
President
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:TSXV
CUSIP: #87260X 109
SEC 12g3-2(b): Exemption #82-4434
620 - 650 West Georgia Street
Vancouver, British Columbia
V6B 4N9, Canada
Voice: (604) 687-7551
Fax: (604) 687-4670
1-800-667-4470
Caroline Klukowski
E-mail: ck@trngoldcorp.com
Website: http://www.tnrgoldcorp.com
SOURCE TNR Gold Corp.