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TNR Gold Corp (TNR-V) on TSX

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From initial glance it may just be another beaten down junior in this tough market... but clear minded investors will see the value in this little company that could... expert Geologists as management and string of successful early-stage companies define the career of the managers (Winspear Resources, Golden Coast Energy to Providence Energy Trust PVX - touted as Kramer's favorite trust pick)


Big following from BHP and the likes of Barrick (10% ownership), Prudent Bear Mutual Fund, RAB Capital, NovaGold, Solitario, Lundin (Tenke) and 17 projects all with high potential - not to mention several projects advanced without further expenditures by joint venture partners... Minera Andes, Xstrata, Latin America Mineral, La Mancha, Suramina, and more!




Recently added an individual from Russia who had history of high return investments like Tenke and Lundin mining (from $0.7 to $25 if I remember?) Dig around the internet... big shareholder RAB Capital got its fame back in early 2000's with 1000%+ over 2 years.


Very little downside at current level... they havne't dropped too much despite the difficult market - certainly tells you about the type of strong hands the shares are held in!!



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More great news! Huge deposit at Pebbles, this is just looking for a takeover!!


2008-09-02 13:16 ET - News Release


Mr. Gary Schellenberg reports




TNR Gold Corp. and Geocom Resources Inc., with BHP Billiton, have concluded the transfer of ownership of the Iliamna property from BHPB to TNR. Under the assignment agreement, BHPB has agreed to transfer its ownership of Iliamna, a 30-per-cent undivided interest under the property agreement, such that TNR and Geocom shall hold 100-per-cent legal title to the property.


TNR granted an option and Geocom earned a 51-per-cent interest in the company's now-100-per-cent interest in the Lake Iliamna project's D claims block and a 75-per-cent interest in the H claim block that together comprise the Iliamna project. TNR and Geocom have agreed to combine each company's respective interest with BHPB's interest in order to consolidate ownership and facilitate future exploration and development activities.


To enhance the successful drill results achieved in 2003, 2004 and 2006 drill campaigns and to identify new drill targets in conjunction with available magnetic, resistivity and chargeability data, a district-level geochemical sampling program has commenced. The companies are using sophisticated geochemical survey techniques that have proven successful at delineation of copper-gold anomalies elsewhere in Alaska and at the Pebble deposit. With the recent success at the Pebble deposit and attention paid to exploration potential of the area, TNR and Geocom are optimistic that value-added exploration efforts will aid delineation of drill targets to supplement the previously successful drilling, which encountered copper-gold mineralization in disseminated and veinlet form in intrusive rocks. The companies are confident that additional work at Iliamna will provide shareholder value and garner additional interests from the industries' majors.


The Iliamna property is a claim in Alaska covering 412 square kilometres of land approximately 100 kilometres from the highly visible Pebble deposit held by Northern Dynasty Minerals Ltd. The Pebble deposit contains an indicated mineral resource of 31 million ounces of gold and 18.8 billion pounds of copper, making it one of the world's largest deposits of its kind. Initial target definition at Pebble occurred in areas covered by glacial overburden and/or Tertiary volcanic rocks, as is the case at the Iliamna project. In 2000, Rio Algom carried out several phased exploration programs, including an airborne magnetic survey, reconnaissance geology and induced polarization/resistivity surveys. These surveys led to the successful identification of several geophysical anomalies, including the Iliamna project. The airborne magnetic survey successfully outlined three regional anomalies: the Pebble intrusive complex, the Nushagak anomaly and the Kvichak anomaly, which includes the Iliamna property. Following the regional geophysical programs, site-specific IP/resistivity surveys targeted and successfully located several anomalies that are similar in size and characteristics to the Donlin Creek and Pebble deposits, including the Iliamna project. Subsequent drilling encountered copper-gold mineralization in an intrusive setting at Iliamna's H claims.


This news release has been prepared under the supervision of John Harrop, PGeo, TNR's qualified person for this news release.


Alaska ballot initiative results


The recent voting results on Aug. 26 confirmed the Alaskan public's belief that existing state and federal regulatory system provides them with a thorough review process to address environmental impacts that mining projects may have on local fishing industries. The citizen-backed initiative was intended to strengthen the minimum standards for mining activities near salmon-bearing streams. A wide margin victory gives TNR and other exploration and mining companies in Alaska such as Teck Cominco Ltd., NovaGold Resources Inc., Barrick Gold Corp., and Northern Dynasty Minerals renewed confidence in developments of world-class deposits in Alaska.

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GREAT News today


Minera Andes annouces 43-101 Resource Calculation on LOS AZULES...*drum roll*.... 11 billion pounds of Copper (Cu)


TNR has 25% back in with minimum costs. This wil be very interesting...




Minera Andes Inc. has provided the results of an independent resource estimate at the Los Azules copper deposit located in western San Juan province, Argentina. The inferred mineral resource, at a 0.35-per-cent total copper cut-off, is defined by an area approximately 3.7 kilometres by one kilometre in size and contains a high-grade, near-surface copper core in the north. This resource estimate will form the basis of an economic scoping study (NI 43-101 preliminary assessment) planned for completion at the end of the year. In addition, the mineralized copper target remains open to the north and at depth.


At a 0.35-per-cent total copper cut-off, the inferred resource at Los Azules is 922 million tonnes grading 0.55 per cent copper, containing 11.2 billion pounds of copper.


The mineral resource estimate at different copper cut-off grades is summarized in the attached table.


Take a glance at Northern Dynasty's own presentation and appreciate how good Iliamna could be (100% TNR)




A detailed write up I foound frm Google from an investor blog here:



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2008-09-22 17:57 ET - News Release


Mr. Gary Schellenberg reports




TNR Gold Corp. has released preliminary copper results from the first hole of a seven-hole diamond drilling program at the El Tapau project in Argentina. Interpretation and analysis of precious metals and other elements are pending.


Drill hole ET-08-01 was angled at 060/60 degrees and drilled to a depth of 440.40 metres. Drill hole ET-08-01 was collared proximal to a tourmaline breccia hosted within granodiorite intrusion. It intersected variably mineralized (pyrite chalcopyrite) both breccia and tourmalinized granodiorite host. The best mineralized intercept has returned the results in the table.


Hole depth From To Length Copper

(metre) (metre) (metre) (metre) (%)


440.4 97.25 179.50 82.25 0.49

Including 98.40 171.20 72.80 0.54

And 111.30 144.95 33.65 0.87


The entire core for hole ET-08-01 was sampled and cut in half with a diamond saw which was then processed, analyzed and reported from an ISO-9001 fully accredited analytical facility, Alexis Stewart Assayers, in Mendoza, Argentina.


TNR is encouraged with the initial results obtained from this hole with the best copper grades coming from what appears to be a zone of enrichment.


Gary Schellenberg, chief executive officer and president of TNR, said: "The presence of native copper and chalcocite mineralization in our first hole is very encouraging. Given these new results, we will reinterpret our geophysics and complete detailed mapping over the area to pinpoint the location of additional drill holes."


Ike Osmani, PGeo, chief geologist of TNR, is the designated qualified person for the El Tapau project, and has prepared and approved the technical information contained in this news release.


El Tapau


The El Tapau copper-gold property, occurring within the eastern Andes of the San Juan province, is strategically located approximately 50 kilometres north-northwest of TNR's El Salto property. El Tapau has had historical gold and copper production from numerous underground workings. However, complete records do not exist regarding quantities and grades.


In 2007, a 3-D induced polarization survey and limited mapping and lithogeochemical sampling were conducted in selected areas of the property. A second phase of the geological survey, consisting of mapping and sampling programs, was initiated in early 2008. Systemic bedrock sampling by Petra Gold in 2006 outlined a 2,500-metre-by-1,000-metre area with values ranging from trace to 19 grams per tonne gold, averaging 2.2 g/t gold from 157 rock sample sites.


The current drill program is testing several main targets including the gold vein area in the west-central portion of the property and the porphyry copper-gold targets in the northeastern corner, of which assays results are pending.

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Los Azules property mentioned on MineSite writeup:


Minera Andes also has an option to earn a 100 per cent interest in the Los Azules copper project in San Juan province near the Chilean border, currently owned by Xstrata Copper. This looks like a big one, though whether it will be big enough to persuade Xstrata to exercise its buy-back clause is not yet known. If Xstrata did exercise that clause it would mean that Xstrata would be satisfied that any mine there could produce 100,000 tonnes of copper a year for 10 years which is a big ask. As it is, Minera Andes is carrying out a scoping study and economic analysis and much more will be known once the results of this study are published before the year end. In the meantime the company has recently announced an initial inferred resource estimate for the project at a 0.35% copper cut-off, amounting to 922 million tonnes at 0.55% copper giving 11.2 billion pounds of copper, which is a good start.


What is even more important is that there is a near surface high grade copper core which was first identified back in 2006. This could boost the economics of a starter pit which would mean that production could start earlier than anticipated. Anyway, Los Azules already qualifies as one of the largest new undeveloped copper deposits in Argentina and this may be why a galaxy of stars joined the board recently, including Rod McEwen of Goldcorp fame who has a holding in Minera Andes amounting to 38 per cent. He has brought with him Victor Lazarovici, who has had a career as a base metals and minerals analyst with leading firms in New York, and Don Quick who was a director of Goldcorp and instrumental in its biggest deals. With people like this on board, it will be no surprise if Minera Andes comes up with some interesting deals, and opportunities should certainly abound in the coming months.



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TNR up 40% today on big crosses from UBS...


good to see some bids back... spread is a ridiculous $0.10 - $0.19... sounds like RAB Capital liquidating some more


See these should have 3rd qtr results before the market opens on 31st Oct. Maybe there's some clue there? Thought RAB had recently tied investors into their funds, so would they really need to sell now?




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RAB is holding TNR long term it seems - what used to be a shining badge of honor has certainly changed... but RAB is still holding the quality companies like TNR


up 35% today with buying coming from Latimer... someone must like what's happening....


14:49:53 V 0.095 +0.025 1,000 36 Latimer 1 Anonymous K

14:49:53 V 0.08 +0.01 7,000 36 Latimer 1 Anonymous K

14:49:25 V 0.08 +0.01 1,000 36 Latimer 1 Anonymous K

14:49:18 V 0.09 +0.01 500 7 TD Sec 36 Latimer E

14:49:12 V 0.095 +0.01 500 36 Latimer 36 Latimer E

14:48:59 V 0.08 +0.01 62,000 36 Latimer 1 Anonymous K

14:25:52 V 0.05 +0.01 100 59 PI 33 Canaccord E

11:21:08 V 0.08 +0.01 30,000 62 Haywood 1 Anonymous KL

09:30:04 V 0.10 - 150 88 E-TRADE 59 PI E

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Holy cow! 23+ years mine life copper, at $0.85/lb cost!

Minera Andes receives positive PA study for Los Azules



2009-02-05 18:04 EST - News Release


Mr. Art Johnson reports




Minera Andes Inc. has released results of a preliminary assessment (PA) on the Los Azules copper project located in the San Juan province of western-central Argentina. The deposit as currently defined is open in several directions and further drilling will be required to fully define the limits of the mineralization, especially along the strike to the north and at depth. All financial amounts are stated in United States dollars unless otherwise indicated.


The project is an exploration area comprising adjoining properties that straddle a large copper porphyry system and is subject to an option agreement. The properties are owned by Minera Andes through its subsidiary company, Minera Andes S.A., and by Xstrata Copper, one of the commodity business units within Xstrata PLC, through Xstrata Queensland Ltd. and its subsidiary company, MIM Argentina Exploraciones S.A.




Highlights of the study are as follows:


The base case for the project on a pretax basis indicates a net present value (NPV) of $496-million and an internal rate of return (IRR) of 10.8 per cent (using $1.90 per pound copper, 8-per-cent discount rate, $70-per-tonne treatment charge and 7.5-cent-per-pound refining charge);

Capital payback in 6.4 years;

Average copper-in-concentrate production estimated at 170,000 tonnes per year for 23.6 years. Annual byproduct production estimated to average 38,000 ounces of gold and 1.26 million ounces of silver;

C-1 life-of-mine (LOM) cash costs (net of byproduct credits) are estimated to average 85 cents per pound of copper mined;

The project would generate approximately 550 permanent jobs;

The salient details PA are summarized below:


NPV ($1.90 per pound Cu, 8% discount rate): $496-million;


IRR: 10.8%


Initial capital expenditure: $2,747-million;


LOM average operating costs: $7.59 per tonne ore;


LOM C-1 cash costs (net byproduct credits): 85 cents per pound Cu mined;


Nominal mill capacity: 100,000 tpd;


Annual throughput: 36 million tonnes;


Mine life: 23.6 years;


Life-of-mine strip ratio: 1.50;


LOM average annual copper-in-concentrate production: 170,000 tonnes;


First five years average annual copper-in-concentrate production: 213,000 tonnes.


The PA is preliminary in nature and includes the use of inferred resources which are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Thus, there is no certainty that the results of the PA will be realized. Actual results may vary, perhaps materially.


The PA was finalized by Samuel Engineering, Inc. and Randolph P. Schneider, MAusIMM. The PA was managed by MTB project management professionals (project management, infrastructure, capital and operating costs), and Robert Sim (SIM Geological Inc.) and Bruce Davis (BD Resource Consulting Inc.) developed the resource estimate, Ken Rippere completed pit slope studies, while Bill Rose (WLR Consulting Inc.) developed the mine plan and production schedule:


C.H. Plenge & Cia (metallurgy);

Samuel Engineering (process engineering, infrastructure, capital and operating costs, cash flow modelling, and valuation);

Vector Engineering (tailings, waste rock, environmental management, capital and operating costs, and baseline environmental and socioeconomic studies).

Project economics


The PA contains a cash flow valuation model based upon the geological and engineering work completed to date, and technical and cost inputs developed by Samuel Engineering and MTB. The base case was developed using long-term forecast metal prices of $1.90 per pound for copper, $750 per ounce for gold and $12 per ounce for silver.




Discount rate

(real) NPV


0% $4,691-million

5% $1,399-million

8% $496-million

10% $113-million

15% ($428-million)



The resource block model used in the PA were reported in the technical report titled, Los Azules Copper Project, San Juan Province, Argentina, dated Sept. 26, 2008, and filed under the company's profile on SEDAR in October, 2008. That resource estimate determined inferred mineral resources of 922 million tonnes grading 0.55 per cent copper at a 0.35-per-cent total copper cut-off. Mineral resources that are not mineral reserves do not have demonstrated economic viability.


The resource block model was used to evaluate potential economic pit limits using the floating cone algorithm, and develop a mine plan and production schedule for the PA. The resulting designed ultimate pit was estimated to contain 843 million tonnes of inferred mineral resources grading 0.51 per cent copper above an internal cut-off of 0.22 per cent copper. A total of 1,273 million tonnes of waste rock were also estimated within this pit. A mine production schedule from these estimates indicates 150 million tonnes of preproduction stripping and a mine life of 23.6 years. The average stripping ratio over the life of the mine is projected at about 1.5:1 (tonnes of waste per tonne of ore).


The PA is preliminary in nature and includes the use of inferred resources which are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Thus, there is no certainty that the results of the PA will be realized. Actual results may vary, perhaps materially.


Mining and milling


The project will use conventional mining and milling processes, and will benefit from having a higher-grade copper core.


Production is scheduled to deliver 100,000 tonnes per day (36 million tonnes per year) of sulphide ore to the primary crusher for 23.6 years. The milling and concentrator plant are forecast to produce, on average, 170,000 tonnes per year of copper in concentrate, 38,000 ounces per year of gold and 1.26 million ounces per year of silver. Average LOM metallurgical recoveries have been estimated to be 92.5 per cent for copper, 61 per cent for gold and 66 per cent for silver, producing a copper concentrate grading on average 31.9 per cent copper, 2.2 g/t gold and 74 g/t silver.


Capital costs


The Los Azules capital costs table summarizes the capital cost estimates for the project.




Direct capital costs $1,118-million

Indirect capital costs $486-million

Owner direct and indirect capital costs $602-million

Additional costs $541-million


Total (base case) $2,747-million


Upfront working capital $39-million

LOM sustaining capital costs $704-million


Note: The capital cost estimates have been compiled with an accuracy level

of minus 35 per cent to plus 35 per cent.

Operating costs


The average LOM operating cost is estimated to be $7.59 per tonne of ore and the C-1 cash costs (net of byproducts) over the LOM will average 85 cents per pound of copper mined. C-1 cash costs include at-mine cash operating costs, concentrate transportation and freight costs, and all treatment and refining charges.




The project is in a remote location near the border of Chile in an isolated section of the Argentinean Andes at an elevation ranging from 3,500 metres to 4,500 metres above sea level (masl). Consequently, no infrastructure is present. In addition, there are no nearby towns and/or settlements. The key access issue for the project throughout the year is road closures due to snow and high stream flows in the spring. The snowline is at an approximate elevation of 3,000 masl. Presently, the project is accessible approximately five months out of the year with snow removal along the existing central road and after the snowfall season.


San Juan is a major regional centre serviced by an airport and highways. An existing highway extends from San Juan to a wide valley in which the community of Calingasta is located. Three potential mine access roads have been considered:


A northern route;

A central (existing) route;

A southern route.

Both the central and southern routes were discarded due to their capital and operating costs as the length, terrain and high-altitude crossings would likely make the routes prone to significant snowfalls and require snow removal operations. Therefore, the northern route was selected for the economic valuation of the project.


Given the remote location of the project a man camp facility will be provided on site. It is assumed to contain facilities for 500 to 600 individuals at any given time. The man camp will also contain dining and recreation facilities.


The Calingasta substation is the nearest source of power to the project; however, it is isolated from the provincial network. Power supply to the region is currently satisfied by means of local hydro or thermal generation.


The infrastructure facilities addressed by the capital cost estimate include on-site ancillary facilities and infrastructure (man camp, offices and other buildings), off-site infrastructure (access roads, power lines, concentrate and fresh water pipelines) and tailings impoundment.




Preliminary baseline studies completed to date have included initial hydrologic studies of surface water quality, climate and biological studies of the local flora and fauna.


Property agreements


The project is subject to an option agreement dated Nov. 2, 2007. Under the option agreement, MASA has the right to earn a 100-per-cent interest in the MIM properties by spending at least $1.0-million (U.S.) on the MIM properties by November, 2010, maintaining the property in good standing and delivering to Xstrata Copper an independent scoping study that contains an economic evaluation of inferred mineral resources and a technical report prepared in accordance with National Instrument (NI) 43-101 -- Standards of Disclosure for Mineral Properties in respect of the combined MIM properties and MASA properties, and delivering a notice of exercise. If in the opinion of Xstrata Copper, the independent scoping study and technical report show the potential to economically produce 100,000 tonnes (224 million pounds) of contained copper per year for 10 years or more on the combined properties, then MIM will have a right to earn a 51-per-cent interest in the combined property (the back-in right). To satisfy the conditions of the back-in right, Xstrata Copper must assume control and responsibility for the combined property, make a cash payment to Minera Andes of three times MASA's and its affiliates' direct expenditures incurred and paid on the combined properties after Nov. 25, 2005, and complete a bankable feasibility study within five years of its election to exercise the back-in right. In the event that the independent scoping study and technical report do not, in Xstrata Copper's opinion, meet the criterion contemplated above, Xstrata Copper's interest would be limited to a right of first refusal on a sale of the combined property, or any part thereof or interest therein.


Certain of the MIM properties are subject to an underlying option agreement, which is the subject of a dispute between Xstrata Copper, as optionholder, and Solitario Argentina S.A., as the grantor of that option and the holder of a back-in right of up to 25 per cent, exercisable upon the satisfaction of certain conditions, within 36 months after the exercise of the option by Xstrata Copper. The dispute surrounds the validity of the 36-month restriction described above. If Solitario is successful, MIM's interest in substantially all of the MIM properties may be reduced by up to 25 per cent and, upon exercise of the MASA option, MASA's interest in that part of the combined property may be similarly reduced.


A technical report in support of the PA, prepared in accordance with NI 43-101, will be filed on SEDAR within 45 days.


This news release was prepared by, or under the supervision of, Allen Ambrose, president of Minera Andes, a qualified person within the meaning of NI 43-101. For (i) the effective date of the resource estimate contained herein; a description of the key assumptions, parametres and methods used to estimate the mineral resources referred to in this news release; a general discussion of the extent to which the estimate of mineral resources may be materially affected by any unknown environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues, please refer to the October technical report.



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TNR Gold stakes Forgan Lake, Niemi properties


2009-03-18 11:17 ET - News Release


Mr. Gary Schellenberg reports




TNR Gold Corp. has acquired by staking of the Forgan Lake and Niemi properties in the province of Ontario, which host lithium and rare earth elements (REE). "Given the rapid penetration of high-powered portable devices, efficient hybrid motor vehicles, and the increasing prominence of lithium ion batteries as green energy alternatives in our daily lives, lithium is emerging as the highly sought-after commodity of the 21st century." President Gary Schellenberg adds: "We are pleased to add these properties in order to diversify the TNR portfolio as it aligns with our philosophy to be at the forefront of developing resources for the incoming demand of sustainable energy solutions. These acquisitions are the first of many progressive steps in establishing ourselves as a prominent lithium and REE explorer."


Forgan Lake project


The Forgan Lake project consists of 16 contiguous claims located east of Forgan Lake within the Thunder Bay district of Ontario. The project area, which hosts four previously drilled spodumene-bearing pegmatites, is part of the Georgia Lake pegmatite field, an area of considerable lithium and REE exploration since its discovery in the mid-1950s.


The four pegmatites, known as the No. 1, No. 2, No. 3 and No. 4, were part of a drilling campaign carried out in 1955 by Lun-Echo Gold Mines Limited. Of the 39 diamond drill holes, 33 holes were drilled on TNR's Forgan Lake property. Pegmatite is a coarse-grained igneous rock that can potentially host economic amounts of lithium amongst valuable REE such as tantalum, beryllium, niobium and more. The No. 1 pegmatite has been traced on surface for about 274.3 metres at an average width of 9.1 m. It contains 30 per cent medium- to coarse-grained spodumene and sporadic black columbite ((Fe, Mn)2(Nb,Ta)2O6) crystals up to 3.8 centimetres long. Channel samples to note include: three samples averaging 2.57 per cent Li2O over 6.4 m width; two samples, 24.4 m southwest of the first three, averaged 4.23 per cent Li2O over 7.5 m width; and two samples 68.6 m farther southwest averaging 1.98 per cent Li2O over 7.6 m width. The No. 2 pegmatite, which is similar in composition to No. 1, has been traced in outcrop for 45.7 m with an exposed width of 13.7 m.


The No. 3 pegmatite, located northwest of the No. 1 pegmatite, has been traced from Lucky Lake, a small body of water in the northeastern corner of the property, to southwest for 320.0 m with an averaged exposed width of 6.1 m. The No. 3 pegmatite contains approximately 25 per cent spodumene. Lun-Echo explored this pegmatite with 10 diamond holes, totalling 832.1 m, at intervals of 30.5 to 61.0 m. The best intersection contained a 1.52 m section averaging 1.78 per cent Li2O.


The No. 4 pegmatite has been traced on surface for approximately 243.8 m with an average surface width of 4.6 m. The pegmatite contains 10 to 15 per cent fine- to medium-grained spodumene.


In addition to historic drill confirmations, all identified pegmatites have not been delineated at Forgan Lake and thus the full extents of the deposits remain open.


Furthermore, the potential for other REE anomalies remains promising, as historic work by Lun-Echo Gold Mines Ltd. analyzed drill core exclusively for Li2O. Columbite has been noted in at least two of the four pegmatites on the Forgan Lake property is further indication that an assessment of REE occurrences could also significantly increase the value of the Forgan Lake property.


Niemi lithium project


The Niemi lithium property consists of four contiguous claims located 27 kilometres southeast of the Forgan Lake property. Drilling and surface mapping in the 1950s by Lun-Echo Gold Mines Ltd. traced the pegmatite for a length of 128 m striking parallel to the metasediments. The pegmatite was estimated to be up to 9.3 m thick and 30.5 m wide. In 1955, Lun-Echo Gold Mines investigated the property with a 35 vertical X-ray diamond drill hole program totalling 405.4 m. The drilling results include 1.02 per cent and 2.0 per cent Li2O over 4.72 m and 1.52 m, respectively. As on the Forgan Lake property, Lun-Echo analyzed only for Li2O hence leaving tremendous discovery potential for REE. The Georgia Lake pegmatite field is approximately 32 kilometres by 105 km, hosting over 38 known REE occurrences and 10 known spodumene pegmatite deposits. There are other very significant spodumene-bearing pegmatite deposits, such as Georgia Lake, Point, Jackpot and Salo, which occur within three km of the Niemi occurrence.


"We are encouraged that the lithium content from the historic sampling programs on our newly acquired projects are in line with other Canadian deposits, such as the Nama Creek around Georgia Lake, Ont., with 3.9 million tonnes grading at 1.06 per cent Li2O and the Preissac-Lacorne in Quebec with 19 million tonnes grading at 1.25 per cent Li2O (Sinclair, 2001)," commented Mr. Schellenberg. "By focusing on all economic rare earth commodities within the pegmatite instead of just lithium, we believe the Niemi lithium deposit holds tremendous potential."


This news release has been prepared under the supervision of Ike Osmani, PGeo, TNR's qualified person on this news release.


We seek Safe Harbor.

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  • 3 weeks later...

For those still following this hugely undervalue company - check www.sedar.com for Minera Ande's latest technical report (43-101 compliant) reporting Los Azules copper


Remeber 25% back-in and the Escorpio IV belongs to TNR...


Net Asset Value (NAV) reported by Canaccord is $360 million, 25% of that is definitely more than the cufrrent TNR market cap of $6 paltry million dollars!!

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This jumped again last week... $.12 now


Good deal for those interested in gold/copper + lithium. FOUR for ONE share in new company they're spinning off... International Lithium.



TNR arranges spin-out of lithium, rare metals projects


2009-04-27 10:17 ET - News Release


Mr. Gary Schellenberg reports




TNR Gold Corp. intends to spin out its lithium and rare metals projects into a newly incorporated, wholly owned British Columbia subsidiary of TNR Gold, International Lithium Corp. Upon completion of the transfer of the lithium and rare metals projects to International Lithium, TNR intends to distribute up to 75 per cent of the securities of International Lithium to TNR shareholders. Application will also be made to list the shares of International Lithium on the TSX Venture Exchange.


It is anticipated that the spin-out transaction will be completed pursuant to a plan of arrangement and will be subject to exchange, regulatory, court and shareholder approval, by not less than two-thirds of the votes cast at a special meeting of TNR shareholders which will be called to approve the spin-out transaction. Full details of the proposed spin-out transaction will be included in the information circulate to be sent to TNR shareholders in connection with the special meeting to be held in summer 2009, but it is anticipated that TNR shareholders of record will be entitled to receive one share and one full tradable warrant of International Lithium for every four shares of TNR held as of the as-yet-determined record date. The warrant will be exercisable at a price equal to a 50-per-cent premium to the company's listing price for a two-year period. In conjunction with the listing of the shares of International Lithium, TNR intends to complete an equity financing on terms to be determined, subject to regulatory approval.


Further details regarding the spin-out transaction, the proposed timing thereof and any proposed financing, will be released in the upcoming months.


TNR believes this corporate holding structure will deliver further shareholder value as International Lithium will be focused on increasing critical mass through acquisitions of high-potential lithium and rare metal projects globally. Current shareholders will continue to benefit from the group's ability to identify and add value to early stage projects for joint venture model, while enjoying the growth of the new subsidiary and the market's newfound appreciation for efficient lithium energy innovations. "With a subsidiary that is marketed as a focused and dominant player in the growing lithium and rare metals explorer realm, we believe it will provide the necessary visibility and efficiency that potential joint venture partners are looking for," states president and chief executive officer Gary Schellenberg.


TNR has reserved the domain name. The site will be linked to the current TNR website and feature property information, lithium industry articles, and relevant technical information. The site is currently in the process of being designed and constructed.


Completion of the spin-out transaction is subject to a number of conditions, including regulatory approval, shareholder approvals and approval of the British Columbia Supreme Court. There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the information circular to be prepared in connection with the spin-out transaction, any information released or received with respect to the spinoff may not be accurate or complete and should not be relied upon. Trading in the securities of exploration and development stage resource companies should be considered highly speculative.


We seek Safe Harbor.

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  • 1 month later...
This jumped again last week... $.12 now


Good deal for those interested in gold/copper + lithium. FOUR for ONE share in new company they're spinning off... International Lithium.


THIS thing has gone up 400% this week!!!


Jim Dines and John Kaiser apparently tout rare metals as the next uranium...

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Those who listened now has 200% gain on their hands = TNR was trading at $0.25 yesterday


You can thannk me later


Word's getting out - Northern Miner features TNR






TNR Gold Spinoff Focuses On Lithium, Rare Earth Elements


After scooping up some lithium and rare metals projects in Ontario and Nevada recently, TNR Gold (TNR-V, TRRXF-O) is spinning out its newfound assets into a subsidiary company to be called International Lithium.


TNR president and CEO Gary Schellenberg says the subsidiary will be marketed as a focused and dominant player in the lithium and rare metals business. The company sees a growing market for rare earths and lithium, needed for high-powered portable devices like cell phones and laptops, hybrid cars and lithium batteries, which are thought of as green products.


"We believe it will provide the necessary visibility and efficiency that potential joint-venture partners are looking for," Schellenberg said in a statement.


TNR says it will distribute up to 75% of the securities of International Lithium to TNR shareholders. TNR will also apply to have the new company listed on the TSX Venture Exchange.


As proposed, current TNR shareholders will be entitled to receive one share and one full tradable warrant of International Lithium for every four shares held of TNR. Warrants will be exercisable at a price equal to a 50% premium to the company's listing price for a two-year period. The spinoff plan is subject to approval of two-thirds of the company's shareholders.


In March, TNR staked the Forgan Lake and Niemi properties near Thunder Bay, Ont.


Forgan Lake was explored for lithium and rare earths in the 1950s. There are four pegmatites there, known as Nos. 1, 2, 3 and 4. Pegmatite is a coarse-grained igneous rock that can host economic amounts of lithium among rare metals.


Niemi is located about 27 km southeast of Forgan Lake. Drilling in the 1950s traced pegmatite for 128 metres and historic drilling has shown grades of lithium.


In April, TNR acquired another lithium property but this time in Nevada, just 34 km from Chemetall- Foote's Silver Peak mine, which is the only lithium brine producer in North America. The company has staked the Fish Lake Valley property, which has geological features similar to those that have acted as a trap for lithium brines in Clayton Valley.


Fish Lake Valley was drilled by the U. S. Geological Survey in 1979 as a part of a lithium study. It was determined that the level of lithium in the water there was similar to that in Clayton Valley.


TNR's gold projects are located in Argentina and Alaska. The company's primary focus is Argentina, where it's developing three projects: Eureka, El Salto and El Tapau.



This jumped again last week... $.12 now


Good deal for those interested in gold/copper + lithium. FOUR for ONE share in new company they're spinning off... International Lithium.


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  • 2 weeks later...

TNR up to $0.28 earlier


Media around teh net for these high flyers taken from corpo media page (http://www.tnrgoldcorp.com/s/AboutLithium.asp)


Clif Droke - Analyst for Momentum Strategies Interview

May 10, 2009



Vancouver Sun Article - TNR Gold Corp (International Lithium Spin-off)

June 4, 2009



The Wall Street Transcript - TNR Gold Corp Interview

June 5, 2009



James West Features TNR Gold Corp / International Lithium Story

June 9, 2009



Resource World - Lithium Exploration

June 9, 2009


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  • 4 weeks later...

TNR gets major investors in - Major Chinese Miner group!!!!


TNR Gold secures Canada Zinc investment in financing


2009-07-06 18:39 ET - News Release


Also News Release (C-CZX) Canada Zinc Metals Corp


Mr. Gary Schellenberg of TNR reports




TNR Gold Corp. and Canada Zinc Metals Corp. confirm a strategic initial investment by Canada Zinc Metals in TNR as part of a private placement for up to five million units, priced at 20 cents per unit, to raise up to $1-million. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the company at a price of 30 cents for a period of 12 months from the date of closing.


Canada Zinc Metals is focused primarily on developing its flagship Akie property, a significant zinc-lead deposit in northeastern British Columbia, Canada, containing a National Instrument 43-101-compliant inferred resource of 23.6 million tonnes grading 7.6 per cent zinc, 1.5 per cent lead and 13.0 grams per tonne silver. As evidence of the quality of the properties owned by Canada Zinc Metals, a large Chinese mining group, Tongling Nonferrous Metals Group Holdings Co. Ltd., has recently invested $4.9-million in Canada Zinc Metals for a 13-per-cent equity position.


Tongling, a state-owned enterprise based in Anhui province, is one of China's largest copper smelting companies and ranked in the top 100 large-scale industry enterprises in China. Tongling's principal activities are exploration, mining, ore processing, smelting and refining, and products processing of copper, lead, zinc, gold, silver, and other non-ferrous and rare metals. China has over half of the world's deposits of rare earths, over 80 per cent of worldwide production, and has recently shown significant interest in becoming majority shareholder of various rare earth miners such as Lynus Corp. and Arafura Resources. TNR's non-executive chairman, Kirill Klip, will be taking a significant portion of the financing along with other insiders and management.


TNR president and executive chairman, Gary Schellenberg, states: "We are encouraged by the support in this current financing by insiders, management, and welcome the strategic investment from Canada Zinc Metals and all its stakeholders. It is clear that our recent aggressive acquisition plan of lithium and rare metal properties around the world, along with continuing developments on our copper-gold properties in Argentina, is attracting significant attention in the mining and investment world."


Peeyush Varshney, chairman and chief executive officer of Canada Zinc Metals, commented: "This strategic investment into TNR and its proposed spinoff subsidiary, International Lithium Corp., will give our shareholders diversification into the growing opportunities that rare metal industries are offering. Furthermore, the investment gives us an interest in TNR's stake in the significant Los Azules copper project in Argentina."


A finder's fee of 7 per cent on a portion of the proceeds raised is payable in cash, in units, or a combination of both, at the election of the finder. Any units issued in lieu of cash will be on the same terms as the units of the offering. All securities issued pursuant to this financing are subject to a four-month hold period from the date of closing. The offering is subject to TSX Venture Exchange approval and any regulatory approvals.


Proceeds of the private placement will be used to finance the evaluation of TNR's lithium and rare metal properties, implement the proposed spinoff of International Lithium, and for general corporate purposes.


We seek Safe Harbor.

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