TNR Gold Corp. Files Technical Report on Shotgun Gold Project, Alaska
2013年5月31日 - 4:04AM
Access Wire
Symbol: TNR:TSXV
CUSIP: #87260X 109
SEC 12g3-2(b): Exemption #82-4434
Vancouver B.C., May 30, 2013: TNR Gold Corp. (the "Company" or
"TNR") has filed on SEDAR a Technical Report (effective date May
27, 2013) supporting the recently completed resource estimate on
the Shotgun Gold project in Alaska. Nicholas Van Wyck, Ph.D. CPG of
Sisyphus Consulting, an independent qualified person as defined by
NI 43-101, is the primary author of the report with Allan Armitage,
Ph.D., P.Geol of Geovector Management, also an independent
qualified person, responsible for the resource calculation at
Shotgun Ridge, an area of gold mineralization located within the
Shotgun Gold project.
TNR reported via a news release dated April 22, 2013 an inferred
mineral resource at Shotgun Ridge containing 20,734,313 tonnes with
1.06 grams per tonne ("g/t") gold ("Au") for a total of 705,960
ounces gold using a 0.5 g/t Au cut-off. The mineralization is
clearly open at depth with some potential to extend laterally. The
inferred mineral resource disclosed in the Technical Report is
consistent with the disclosure of the inferred mineral resource
announced in TNR's April 22, 2013 news release.
The Company has identified unique geophysical anomalies in
magnetics, resistivity and chargeability responses that coincide
with the known mineralization and also occurs in areas adjacent to
the known mineralization providing several targets for follow-up
testing. The report recommends a budget for 8000 metres of
drilling, upgraded logistics and camp facilities and additional
airborne and ground geophysical surveys. Drilling would focus on
testing the newly identified targets and the extents of the known
mineralization laterally and at depth.
ABOUT THE SHOTGUN GOLD PROJECT
TNR holds a 100% interest in the Shotgun property located 190
kilometres south of the Donlin Gold Project deposits 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 Gold 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 Gold Project deposits as well as other important
intrusion-associated deposits width wide.
TNR acquired 100% of the Shotgun Ridge prospect in 2010
following a 50/50 joint venture with Novagold Resources Inc.
("Novagold"). A total of 66 mining claims, each 160 acres, are
located over and surrounding the Shotgun Ridge prospect for a total
of 10,560 acres (4273.48 hectares).
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 October 2012).
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.
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 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, and Vice President, Exploration of the
Company is a "Qualified Person" as defined under NI 43-101 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
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 Q&A. Statements in this Q&A 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. Q&A may contain 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.
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