TNR Gold Corp (TNR-V) on TSX

[Profhit]

big volume today, must be in anticipation of exploratin programs to start after financing is closed??

[Profhit]

Up 15% today... very nice

 

Chinese must be fighting the Japanese for lithium and rare metals!

 

July 20th, 2009

 

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES.

 

TNR GOLD PRIVATE PLACEMENT OVERSUBSCRIBED AND INCREASED

Vancouver B.C.: TNR Gold Corp. (“TNR” or the “Company”) is pleased to announce that due to an unanticipated level of interest in its recent financing, it has increased the size of the private placement, originally announced July 6th, 2009.

TNR will now be raising a gross proceeds of $1,160,000 (the “Offering”). The private placement will consist up to _____ units at a price of $0.20 per unit. Each Unit consists of one common share and one-half common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at a price of $0.30 for a period of twelve months from the date of closing.

In addition, TNR welcomes the strategic investment from Canada Zinc Metals and its stakeholders. Canada Zinc Metals will be taking a significant portion of the placement. Canada Zinc Metals is a mineral exploration company focused on unlocking the potential of a world class zinc-lead-silver district in British Columbia, Canada. It is the dominant land holder in an extensive mineral belt known as the Kechika Trough which hosts in excess of 80 million tonnes of base metal resources. Significant shareholders of Canada Zinc Metals include Lundin Mining Corp. (TSX: LUN) and Tongling Nonferrous Metals Group Holdings Co. Ltd.

 

The Company expects to receive regulatory approval and be able to close the financing within the next few days. All securities issued pursuant to this financing are subject to a 4-month hold period from the date of closing. The Offering is subject to TSX Venture Exchange approval and any regulatory approvals.

A finder’s fee of 7% 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.

Proceeds of the private placement will be used to fund the evaluation of TNR’s Lithium and Rare Metal properties, implement the proposed spin-off of International Lithium Corp. and for general corporate purposes.

ABOUT TNR GOLD CORP.

TNR is a diversified metals exploration company focused on identifying and exploring existing properties in Argentina and Alaska and new prospective projects globally. Upon approval of pending licences in Ireland, TNR will have a total portfolio of 32 properties, of which 16 will be included in the proposed spin-off of International Lithium Corp.

 

It is anticipated that TNR shareholders of record will receive one share and one full tradable warrant of International Lithium Corp. for every 4 shares of TNR held as of the yet determined record date. This will result in TNR shareholders owning shares in both TNR and International Lithium. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit http://www.internationallithium.com

 

The recent acquisition of lithium projects in Argentina, Canada, USA and Ireland confirms the Company's commitment to project generation, market diversity and building shareholder value.

 

 

On behalf of the board,

 

Gary Schellenberg

Chairman and CEO

[Profhit]

WOW did anyone follow TNR today? $0.245 closing traded 1.2 million shares...this isn't some small penny stock no more!!

 

Up 22% on starting exploration news...

 

TNR Gold begins exploration at Niemi, Forgan, Mavis

 

2009-07-27 11:29 ET - News Release

 

Mr. Gary Schellenberg reports

 

TNR GOLD CORP. COMMENCES WORK ON CANADIAN LITHIUM & RARE METAL PROPERTIES

 

Exploration work has commenced on TNR Gold Corp.'s 100-per-cent-owned lithium and rare metals properties, Niemi Lake, Forgan Lake and Mavis Lake, all of which are located in Ontario, Canada.

 

The exploration program will focus on sampling of the known pegmatite occurrences, and obtaining historic grade confirmation of both lithium and other rare metals.

 

The exploration program is being directed by Dr. Fred Breaks, a special adviser to the TNR board. Dr. Breaks is a PhD and professional geoscientist, who is well known as a lithium and rare metals expert in Canada. A proven explorer, he discovered two significant lithium-rich deposits: Avalon Venture Ltd.'s Big Whopper pegmatite near Kenora, Ont.; and Houston Lake Mining Inc.'s Pakeagama Lake pegmatite in the North Spirit Lake area of Northwestern Ontario. His ability to create exploration models of lithium-rich, pegmatite deposits was developed during his career at Ontario Geological Survey, where he authored and co-authored over 120 peer-reviewed scientific papers.

 

About Forgan Lake and Niemi Lake

 

The Forgan Lake and Niemi Lake projects are located east of Forgan Lake within the Thunder Bay district of Ontario. Forgan Lake has four previously explored spodumene-bearing pegmatites yielding positive results, such as 4.23 per cent Li2O over 7.5 metres and and two samples 68.6 m farther southwest averaging 1.98 per cent Li2O over 7.6 m.

 

Furthermore, all identified pegmatites have not been fully delineated at Forgan Lake and, thus, the extent of the deposits remains open. All identified historic work preformed by Lun-Echo Gold Mines Ltd. analyzed drill core exclusively for Li2O.

 

Historic drilling on the Niemi project, also undertaken by Lun-Echo Gold Mines Ltd., returned values of 4.72 m of 1.02 per cent Li2O and 1.52 m of 2.0 per cent Li2O.

 

About Mavis Lake

 

The Mavis Lake project covers the eastern extent of the Mavis Lake pegmatite group, encompassing nine identified rare-element-bearing pegmatites within a 512-hectare claim block. Located only 15 kilometres northeast from Dryden, Ont., Mavis is workable year-round with excellent infrastructures. Historical lithium and tantalum values at the Mavis Lake property include 2,320 parts per million of Li2O and 170 parts per million of tantalum over 1.3 metres.

 

Tantalum is a rare metal with diverse applications across several industries -- capacitors in portable devices, such as cellphones, computers, microsensors, precision laboratory gear, surgical equipments, camera lenses and more. The corrosion-resistant, hard and blue-grey metal is estimated to comprise one to to parts per million of the earth's crust, and is mainly produced by Australia (Talison Minerals Corp.), China and Ethiopia, with Canada and Brazil adding to output as a byproduct from niobium mining.

 

The results from the initial property evaluation will allow TNR to prioritize the development of its large portfolio of lithium and rare earth projects.

 

Ike Osmani, PGeo, is the company's qualified person on the project, as required under NI 43-101, and has reviewed the technical information contained in this news release.

 

To help understand the technical aspects of lithium and rare metals please visit TNR's website.

 

 

[Profhit]

hanging in there with $.23-25 today!!

 

Casey put TNR's PP on his page the other day - may explain why the sudden interest

 

This guy also wrote it up...

 

Following his previous article mentioning significant rare metal plays on TSX - Tischendorf is back and updates TNR as a prospective buy for the hot sector.

 

first mention

http://sufiy.blogspot.com/2009/07/lithium-...ading-high.html

 

and yesterday's update

http://www.tischendorf.com/2009/07/27/exot...ium-heating-up/

 

Exotic Metals - Rare Earth Elements, Lithium, Tantalum And Niobium Heating Up

 

by OLIVIER on JULY 27, 2009

 

As there is not much else I see happening in the markets right now I am just going to restate the obvious: The Rare Earth Elements sector is doing extremely well right now. Personally I don’t think it makes a big difference which specific sector a stock belongs to. For the general public it simply doesn’t make a big difference. The reason why this is so is probably because it is too difficult to understand all the differences between those elements. People have a natural tendency to simplify things in order to be able to make decisions in complex situations. Odds are most people associate Lithium and Rare Earth stocks to a broad sector they likely label as the Exotic Metals Sector.

 

These are stocks that either caught my attention today or offer the chance of being recommended by high profile newsletter writers:

 

* TNR.V - TNR Gold

* CLQ.V - Canada Lithium

* QUC.V - Quest Uranium

* CCE.V - Commerce Resources

* LI.V - Lithium One (formerly CNY.V - Coniagas Resources)

* GWG.V - Great Western Minerals

[Profhit]

New level of support is at $.25 it seems

o be able to close this much money this fast in this climate... lithium is the new green energy commodity and TNR is at hte right place right time...

 

TNR Gold closes $1.18-million private placement

 

2009-08-04 14:11 ET - News Release

 

Mr. Gary Schellenberg reports

 

TNR GOLD CORP. CLOSES 5,900,000 UNITS PRIVATE PLACEMENT

 

TNR Gold Corp. has closed its non-brokered private placement previously announced in Stockwatch on July 6, 2009, and subsequently increased in Stockwatch on July 20, 2009, which has resulted in gross proceeds to the company of $1.18-million.

 

The offering consisted of the issuance of 5.9 million units of the company at a price of 20 cents per unit for gross proceeds of $1.18-million. Each unit consists of one common share and one-half 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.

 

All securities issued pursuant to this offering are subject to a four-month hold period from the date of closing.

 

TNR's non-executive chairman Kirill Klip along with Canada Zinc Metals Corp. have subscribed for a significant portion of the financing along with other insiders and management.

 

Proceeds of the offering will be used to finance the evaluation of TNR's lithium and rare metal properties, implement the proposed spin-off of International Lithium Corp. and for general corporate purposes.

 

We seek Safe Harbor.

 

This batch is for flow-through...already fully subscribed!!! Wonder if it will get oversub and increased!!! New level support is now at $0.25

 

TNR Gold arranges $500,000 private placement

 

2009-08-04 13:08 ET - News Release

 

Mr. Gary Schellenberg reports

 

TNR GOLD CORP. ANNOUNCES $500,000 FLOW THROUGH PRIVATE PLACEMENT

 

TNR Gold Corp. has arranged a brokered private placement led by Byron Securities Ltd. of two million flow-through shares priced at 25 cents per share which will result in gross proceeds to the company of $500,000. The agent acknowledges the offering is now fully subscribed for.

 

As consideration for acting as agent, the agent will receive a commission of 7 per cent of the gross proceeds raised, payable in cash. In addition, the agent will be issued 200,000 non-flow-through agent's warrants, each entitling the agent to acquire one common share of the company at an exercise price of 25 cents per common share for 18 months from closing.

 

All of the securities issued pursuant to the offering are subject to a four-month hold period from the closing date. The offering is subject to TSX Venture Exchange approval and any regulatory approvals.

 

Proceeds of offering will be used to finance TNR's exploration projects in Canada.

 

We seek Safe Harbor.

[Profhit]

TNR up to $0.27 today - perhaps due to Xstrata's news release other day that they may have a buyer for a smaller copper mine. I can see Xstrata backing in adn flipping this prooject for a huge profit

 

___

 

http://www.bloomberg.com/apps/news?pid=206...d=aABdtVUUuNgM#

 

Xstrata Approached Over Sale of 70% Stake in Chile Copper Mine

Share | Email | Print | A A A

 

By Brett Foley

 

Aug. 10 (Bloomberg) -- Xstrata Plc, the fourth-largest copper producer, received approaches to sell 70 percent of its El Morro project in Chile that may lead to another partner joining or the company selling its interest in the mine.

 

“We are evaluating the approaches we have received and no decision has been made on whether or not to divest El Morro or dilute our stake,” London-based Xstrata spokeswoman Claire Divver said today in an e-mailed statement.

 

The Zug, Switzerland-based company may raise as much as $700 million by selling the stake, which it inherited as part of the takeover of Falconbridge Ltd. in 2006, the Independent on Sunday reported yesterday. Chinese companies are interested in buying the mine, the newspaper added.

 

El Morro, which is 30 percent-owned by New Gold Inc., has 489 million metric tons of measured and indicated ore resources containing 0.59 percent copper, according to Xstrata’s Web site.

 

______________

 

El Morro vs los Azules

 

An interesting compraison of El Morro to Los Azules (in red) is as follows. In summary, Los Azules is a bigger copper play while El Morro has more a attractive gold component to it. Very similar capital costs but Los Azules has far better long term economics. With El Morro is being valued at roughly $1billion with this recent offer from the Chinese, and if you assume properties are both nearly identical in $$ opportunity, then Los Azules is worth a minimum of ~ $450 million to Minera Andes, or almost $2 a share. Somebody remind me what we're currently trading at... need I say more to justify why it is I continue to hold my shares? Such dd sheds light on why Rob would pay $1 a share to keep Hochschild's grubby fingers as far away from our pot as possible.

 

- initial capital investment of $2.5 billion and $356 million in sustaining capital

- Los Azules at $2.7 billion and $704 million in sustaining capital

 

- 14 year mine life for a total life-of-mine (LOM) capital investment of $2.9 billion

- 24 year mine life for a total life-of-mine (LOM) capital investment of $3.5 billion

 

- using prices of $2.80/lb of copper and $625/oz gold, rate of return of 14.7% and a net present value of $1.1 billion when discounted at 8.0% (after tax)

- using prices of $2.80/lb of copper, $750/oz gold and $12/oz silver, internal rate of return of 23% and a net present value of $3.1 billion when discounted at 8.0% (pretax)

 

- the mine site operating cost is estimated at $10.55/tonne of ore, or $0.76/lb copper, after gold credits

- the mine site operating cost is estimated at $7.59/tonne of ore, or $0.85/lb copper, after gold/silver credits

 

- annual metal production is estimated to be 172,000 tonnes of copper and 313,000 ounces of gold over the entire 14 year LOM.

- annual metal production is estimated to be 170,000 tonnes of copper, 38,000 ounces of gold and 1.26 million ounces of silver over the entire 24 year LOM.

 

- annual metal production is estimated to be 203,000 tonnes of copper and 302,000 ounces of gold during our first five years of production

- annual metal production is estimated to be 213,000 tonnes of copper, 41,000 (est.) ounces of gold and 1.2 million (est.) ounces of silver during our first five years of production

 

- payback of the capital investment for the project occurs at 4.7 years.

- payback of the capital investment for the project occurs at 6.4 years.

[Profhit]

Lithium on CNBC - TNR mentioned

 

TNR up huge today!!!

 

$0.32 on 1.8 million shares traded!!!

 

Still doubting?

 

_______________-

 

http://www.reuters.com/article/pressReleas...2009+MW20090813

 

TORONTO, ONTARIO, Aug 13 (MARKET WIRE) --

Byron Capital Markets is pleased to announce that our Lithium Analyst,

Dr. Jon Hykawy, will be speaking live on CNBC's "Street Signs with Erin

Burnett" today at 2:20pm (EST). He has been invited to speak on the show

for a segment about the U.S. Battery Industry, encompassing recent

developments and increased investor focus upon the space due to the

impressive world-wide growth in the use of lithium ion rechargeable

batteries. We hope that you will join us in watching Dr. Hykawy give his

insight on what is currently happening in this highly topical investment

space.

 

Contacts:

Byron Capital Markets

Campbell Becher or Robert Orviss

647-426-1660

 

Copyright 2009, Market Wire, All rights reserved.

 

 

[Profhit]

Ireland Lithium work program starts!!! 292 squared kilometres of lithium pegmatites...damn!!

 

Sitting pretty at $0.35

___

August 17, 2009

 

TNR GOLD CORP. GRANTED EIGHT LITHIUM PEGMATITE BELT LICENSES IN IRELAND / COMMENCES EXPLORATION PROGRAM

Vancouver B.C.: TNR Gold Corp. (“TNR” or the “Company”) is pleased to announce the successful completion of the granting process by the Irish government for eight licenses to explore the Leinster Pegmatite Belt in southeast Ireland. Ireland has a well established and mining friendly history which has attracted a number of major mining companies. The areas covered by the licences total 292 square kilometers and are located in counties Carlow and Wicklow.Access to the licence area is by a network of good roads across a rural, farming area.

The areas can be seen on the following map – http://www.tnrgoldcorp.com/i/pdf/TNR-Ireland.pdf

The receipt of the licences initiates the Blackstairs Lithium-Tantalum Project which will focus on evaluation of the approximately nineteen pegmatites that make up the Leinster Pegmatite Belt for lithium, tantalum and related rare elements. Lithium was first located in this area during base metal exploration in the 1970s, with at least three of the pegmatites drilled. Lithium occurs as both spodumene and lepidotlite with the latter mineral found more in the northern part of the belt.

Since the lithium exploration in the 1970s attention of subsequent explorers has focused on tantalum, particularly in the southern half of the belt. In addition, anomalous values in niobium, tin and cesium have been reported.

TNR plans an exploration program to confirm earlier drilling results, systematically evaluate all the pegmatite bodies for the full suite of potential minerals, and follow-up results and recommendations from earlier reconnaissance programs. An experienced geological team source from Ireland and Canada will apply pegmatite exploration methods proven in Canada to re-evaluate the Leinster Pegmatite Belt in Ireland.

Mr. John Harrop 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.

ABOUT TNR

TNR is a diversified metals exploration company focused on identifying and exploring existing properties in Argentina and Alaska and new prospective projects globally. TNR now has a total portfolio of 32 projects, of which 16 will be included in the proposed spin-off of International Lithium Corp.

 

It is anticipated that TNR shareholders of record will receive one share and one full tradable warrant of International Lithium Corp. for every 4 shares of TNR held as of the yet determined record date. This will result in TNR shareholders owning shares in both TNR and International Lithium. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit http://www.internationallithium.com

 

The recent acquisition of lithium projects in Argentina, Canada, USA and Ireland confirms the Company's commitment to project generation, market diversity and building shareholder value.

 

On behalf of the board,

 

Gary Schellenberg

President

[Profhit]

CNBC Lithium segment featuring Byron Securities (who took the $500k placement all in one gulp!)

 

http://www.cnbc.com/id/15840232?video=1214209086&play=1

[Profhit]

Up again on good vol - don't miss out this time on TNR results - end of August = Los AZules 11 billion lbs of copper story time - will Xstrata back in????

[Profhit]

lithium is rocking on strong - $0.29-30 range

[Profhit]

Today's deadline day for Xstrata to back in on $500+ million NPV value of copper in Argentina!!!

[Profhit]

Very nice lithium exploration numbers out after market - should be agood day tmrw..

 

Vancouver B.C.:TNR Gold Corp. (“TNR” or the “Company”) and Wholly-owned International Lithium Corp. (“ILC”) are pleased to announce the results received from the initial exploration programs on its Ontario based pegmatite Lithium projects.

 

Key point summary:

 

* Samples at Mavis & Forgan Lake have confirmed high grade Li2O and the presence of rare metals – grab samples up to 3.14% Li2O.

* Other Rare Metals (Tantalum) over limit samples are pending

* Phase 2 follow-up underway

 

Table 1 : Highlighted Channel and Grab Samples:

 

Some of the most significant weight percentage Lithium Oxide (“wt. % Li2O”) assays include:

 

Property

 

 

Li2O (average in channel cuts)

 

 

Li2O (wt.% range in channel cuts)

 

 

Grab samples Li2O (wt. %)

 

Mavis Lake

 

Pegmatite 18

 

 

1.24 wt.% over 5.3 metres

 

 

0.90 to 2.58 wt.%

 

 

3.61, 3.14, 2.56, 1.7, 1.59, 0.95, 0.36

 

Forgan Lake

 

Pegmatite1

 

 

2.57 wt.% over

 

4 metres

 

 

1.69 to 3.40 wt.%

 

 

0.84, 0.1

 

The work was conducted under the direction of Dr. Frederick Breaks, who is Special Advisor to TNR, and he quotes: “This preliminary round of assays and new geological interpretation support a high mineral potential for Lithium and Tantalum mineralization on the Ontario properties. Based on these positive results, the Company has commenced Phase 2 follow-up geological and lithochemical surveys.”

 

MAVIS LAKE PROPERTY

 

Mavis Lake, located 15 km northeast from Dryden Ontario, has 9 rare-metal pegmatites of similar composition to the Rare Metal Tanco mine in south-eastern Manitoba which contains Lithium and Tantalum mineralization. Pegmatite 19 contains elbaite, the rare Lithium Tourmaline and Wodginite, a Tin-Tantalum oxide mineral that is the chief ore mineral for Tantalum at the Tanco mine.

 

The pegmatites on the property are situated within the eastern part of the most extensive Lithium dispersion anomaly in metavolcanic host-rocks known in Ontario. This anomaly has a minimum length of 7 kilometres and breadth that ranges from 100-700 metres and is open to the east on the company’s claim-block.

 

Albite-spodumene-type pegmatites contain the greatest concentration of Lithium of any pegmatite type as these large tabular bodies can reach up to 90 metres in thickness and 1 kilometre in strike length (Cerny 1989). Pegmatite 18 is the most significant thus far encountered on the property and the current work has defined a flat-lying, stacked pegmatite system at least 240 metres in length and open in all directions. The largest en-echelon pegmatite sheet has a minimum thickness of 2.5 metres.

 

Preliminary litho-geochemical work revealed significant channel sample values of 1.24 wt. % Li2O over 5.3 metres in a range of 0.90 to 2.58 wt. % Li2O from 5 channel samples. Grab samples of spodumene-rich zones contained up to 3.14 wt. % Li2O.

 

The Pegmatite 18 system is coincident with a significant Lithium litho-geochem dispersion anomaly that has a minimum length of 1000 metres and breadth of 30 to 275 metres as defined by previous surveys. The area is currently the focus of a detailed lithochemical survey that will reveal extent of Lithium, Rubidium and Cesium dispersion in host-rocks.

 

Results from preliminary sampling of metavolcanic host-rocks proximal to Pegmatite 18 indicated

 

anomalous Lithium values of 276 to 4400 ppm vs. an average regional background value of 16 ppm.

 

FORGAN LAKE PROPERTY

 

Forgan Lake, located within the Thunder Bay District of Ontario and situated in the Georgia Lake pegmatite field, also produced high Li2O values. A swarm of six pegmatite dykes of the albite-spodumene-type occur in vicinity of Lucky Lake. Only Pegmatite #1 was evaluated during the preliminary work and has a minimum strike length of 137 metres and a width of 15 to 47 metres.

 

Channel samples taken across an old trench revealed an average of 2.57 wt.% Li2O over 4 metres in a range of 1.69 to 3.40 wt.% Li2O. The average value is identical to that of historical work that documented 2.57 wt.% Li2O over 6.4 metres.

 

NIEMI LAKE PROPERTY

 

Niemi Lakes pegmatite system last received exploration attention in 1955 where a dyke with a minimal strike length of 125 metres averaging a width of 4.8metres was delineated andopen in all directions. Niemi Lake is also located within the Thunder Bay District of Ontario.

 

The pegmatite has an east to west zonation from albite-type pegmatite, with low Lithium values, to albite-spodumene-type with a spodumene content of 20 to 30% estimated in the historical work. Historical assays documented 1.02 wt.% Li2O over 4.7 metres and a maximum value of 2.0 wt.% Li2O over 1.5 metres. The spodumene-rich zone was not found during the preliminary assessment due to a pervasive moss overgrowth and heavy blow-down that has obscured outcrops in the area.

 

The present lithochemical work revealed 12 to 95 ppm Lithium from the albite-type pegmatite zone that tends to occur in the apical parts of pegmatite systems. This zone constitutes a target for Tantalum oxide mineralization as indicated by enrichment of Tantalum relative to Niobium Elevated tantalum (>100 ppm) was registered in a petrographically similar boulder with visible Tantalum-Niobium oxide minerals.

 

Assays for Lithium and Rare Metals are being conducted at the Geoscience Laboratory of the Ontario Geological Survey in Sudbury which has vast experience in the analysis of these rare metals.

 

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

 

ABOUT TNR GOLD CORP. / INTERNATIONAL LITHIUM CORP.

 

TNR is a diversified metals exploration company focused on identifying and exploring existing properties in and new prospective projects globally. TNR has a total portfolio of 32 properties, of which 16 will be included in the proposed spin-off of International Lithium Corp.

 

 

It is anticipated that TNR shareholders of record will receive up to one share and one full tradable warrant of International Lithium Corp. for every 4 shares of TNR held as of the yet determined record date. This will result in TNR shareholders owning shares in both TNR and International Lithium. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit http://www.internationallithium.com

 

 

The recent acquisition of lithium projects in Argentina, Canada, USA and Ireland confirms the company's commitment to project generation, market diversity, and building shareholder value.

 

Gary Schellenberg

 

President

[Profhit]

Past producing mine comes back positive - this is great!!1

 

TNR Gold samples 6.7 m of 2.07 wt% Li2O at Moose

 

2009-11-03 11:49 ET - News Release

 

Mr. Gary Schellenberg reports

 

TNR GOLD/INTERNATIONAL LITHIUM CONFIRM HIGH GRADE LITHIUM FROM PAST PRODUCER - MOOSE PROJECT, NWT

 

TNR Gold Corp. and wholly owned International Lithium Corp. have confirmed high-grade lithium values at the Moose project, located 115 kilometres east-southeast of Yellowknife, near the shore of Great Slave lake in the Northwest Territories.

 

Key point summary

 

* Spodumene (lithium) crystals observed up to 4 metres length at Moose 2 pegmatite;

* 2.07 weight per cent Li2O over 6.7-metre composite sample at Moose 1;

* 1.96 weight per cent Li2O over 1.7-metre channel sample at Moose 2;

* Moose 2 pegmatite selectively mined past producer with limited drilling;

* Follow-up program recently completed with results and 43-101 report pending.

 

Property visit observations and results

 

A brief property visit was performed at the end of July, 2009, to survey and sample the Moose 1 and Moose 2 pegmatite dikes in order to confirm the high-grade lithium content as well as the potential for the area. The areas of sampling were concentrated where pegmatite was visibly exposed and did not require any stripping. The Moose 2 pegmatite ranges up to 25 metres to 30 metres in width, and strikes about 427 metres in length. The core of the pegmatite is commonly very coarse grained and within the wall of the northern portion of the Moose 2, spodumene (lithium) crystals were observed up to four metres in section. Two channel samples were collected with the highest returning a grade of 1.96 per cent Li2O over 1.7 metres. The Moose 1 pegmatite, located 1.2 kilometres west of Moose 2, ranges up to 15 metres in width and strikes almost 300 metres. The Moose 1 dike trends under a swamp to the south and remains open in this direction. Two composite samples were collected at Moose 1. One returned a value of 2.07 weight per cent Li2O across a 6.7-metre interval and the second returned 3.77 weight per cent Li2O over one metre.

 

Significant potential exists for expansion since the property has seen a very limited amount of drilling and the pegmatites remain open at depth and along strike. In addition to confirming and expanding historic resources, TNR aims to explore the property for other lithium and tantalum enriched pegmatite dikes yet to be discovered.

 

A follow-up program was initiated in early October, to better categorize and detail the exposed Moose 1 and Moose 2 pegmatites that the time constraints of the initial visit did not permit. The company is awaiting results from the program and consequently expects to be in receipt of a completed 43-101 technical report by mid-November, 2009. This report will be required as part of the company's planned submission to publicly list its 100-per-cent-owned subsidiary, International Lithium.

 

The composite samples collected at Moose 1 do not constitute a continuous sample but are a series of grab samples along a measured portion of the pegmatite that is representative across the zone.

 

Moose project description

 

The 4,637-acre Moose project is located 115 kilometres east-southeast of Yellowknife, NWT, on the shores of Great Slave lake, which allows relatively easy access to the property by barge in the summer and ice roads in winter. The Moose project lies in an area known for lithium, tantalum, niobium with minor tin and beryllium mineralization associated with zoned pegmatite dikes, and was a minor producer between 1947 and 1954. For a more detailed project description, refer to the company's press release in Stockwatch dated April 30, 2009.

 

Ike Osmani, PGeo, is the company's qualified person on the project as required under National Instrument 43-101 and has reviewed the technical information contained in this press release.

 

We seek Safe Harbor.

[jsr]

I really do think they will pop imminently .....

 

 

 

 

[Profhit]

good call CPig, popped to $0.38 high from a low of $0.04 since I started posting about it...

 

2010 sounds like alot of things happening, International Lithium's IPO for TNR sharehodlers should mean a few quick bucks I'd get some TNR shares before they cut off the record date

[littledavesab]

good call CPig, popped to $0.38 high from a low of $0.04 since I started posting about it...

 

2010 sounds like alot of things happening, International Lithium's IPO for TNR sharehodlers should mean a few quick bucks I'd get some TNR shares before they cut off the record date

 

congratulations profhit made a good call there

 

got any others like this ?

[Profhit]

congratulations profhit made a good call there

 

got any others like this ?

I'd keep an eye on TNR - it's climbing back up to $0.30 likely because shareholders will get the new public company shares soon

 

FDN and SRG are two other I'm looking at, with FDN alread popped 2-3X recently on good projects. Mind you only 10 million shares or so

 

OM looks interesting as well - completely awy from mining though

[Profhit]

June 22 - AGM shareholder date - record date coming up shortly

 

I suspect we'll have new ILC Lithium trading shares around July - Good luck everyone!

[Profhit]

Unlike AMLM LIEG and the even worst LTUM - these guys have $2M cash on balance sheet - $5 million raised for a large copper project, and ONGOING project developments

International Lithium Commences 2010 Exploration Program in Nevada

 

 

TNR Gold Corp. /quotes/comstock/11v!e:tnr (CA:TNR 0.23, -0.01, -4.17%) ("TNR" or the "Company") and wholly-owned International Lithium Corp. ("ILC") are pleased to announce the Company has commenced the 2010 exploration program at the Sarcobatus Flats project, Nye County, Nevada as part of the Company's plan to systematically explore and evaluate all of its' Nevada projects.

 

Key Highlights:

 

 

-- Commencement of gravity survey at Sarcobatus Flats project, Nevada;

-- Completion of gravity survey at Mud Lake project, Nevada;

-- Expansion of Nevada lithium brine project holdings to 5,285 hectares;

and

-- Full commitment to a systematic geophysical exploration of the Company's

entire Nevada holdings.

 

 

 

 

 

Nevada Lithium Brine Project Update

 

The geophysical crew has successfully completed a detailed gravity survey on the Mud Lake project and has commenced an initial phase of geophysics on the Sarcobatus Flats project in Nye County, Nevada, as part of a systematic exploration approach across the Company's entire Nevada project areas. Processing of the Mud Lake geophysical data is underway and the results will be available shortly.

 

The geophysical stage of exploration maps structural features in the subsurface that may form traps for brine. These features are then used to generate and prioritize drill targets.

 

Nevada Projects

 

The Mud Lake Project is located 16 kilometres southeast of Tonopah in the Ralston Valley, Nevada covering 2,914 hectares in Nye County and is readily accessible year round. The Ralston basin, which contains Mud Lake, appears to have similar geological features that provided both a source and trap for lithium brines found in Clayton Valley which is located 47 kilometres west from the property. Chemetall-Foote Corp's Silver Peak operation, located in Clayton Valley, is the only lithium brine producer in North America and has been in operation since 1966.

 

The Sarcobatus Flats Project is a desert playa (dry lake bed) located in Nye County, western Nevada along state route 95 approximately 109 kilometres south of Tonopah and 72 kilometres southeast of Clayton Valley and consists of 105 placer claims totaling 1,076 hectares. Highly anomalous concentrations of lithium, ranging between 210 and 340ppm Li, have been encountered from a preliminary surface sediment sampling program conducted on the Sarcobatus Flats claim group. As with the Company's other Nevada projects, there are many close similarities between Sarcobatus Flats and a Clayton Valley type lithium brine deposit. The property is located in a closed structural basin, contains similar stratigraphy and occupies a lacustrine environment with the same regional hydrogeography and geochemistry as Clayton Valley. In essence, Sarcobatus Flats represents an under-explored early stage analogue to Clayton Valley.

 

The Fish Lake Project is located 75 kilometres southwest of Tonopah in the Fish Lake Valley, Nevada covering 1,295 hectares in Esmeralda County. International Lithium believes Fish Lake Valley has similar geological features that have acted as a trap for lithium brines in Clayton Valley 35 kilometres to the east. The United States Geological Survey (USGS) sampling at Fish Lake Valley in 1976 found lithium brines on surface. One of these samples, located on TNR claims, contained 200 parts per million (ppm) lithium. This shows that modern Fish Lake Valley has geological and climatic conditions where lithium brine can form. At Clayton Valley drilling has shown that as climatic conditions went through cycles, successive layers of lithium bearing evaporates were deposited.

 

Mr. John Harrop is the Company's qualified person on the Nevada projects as required under NI 43-101 and has reviewed the technical information contained in this press release.

 

ABOUT INTERNATIONAL LITHIUM CORP. / TNR GOLD CORP.

 

International Lithium Corp, currently a wholly-owned subsidiary of TNR, is a Canada-based resource company focused on the exploration and development of new sources of lithium and rare metals. With quality projects spanning the globe from Argentina, USA, Canada, and Ireland, ILC offers investors the advantage of rapid development of lithium brine resources to production and the benefits of rare metals credits found in spodumene pegmatites. With the increased prominence of electric cars and lithium batteries, ILC expects lithium demand to rise in the near future. The Company aims to address this demand through leveraging the combined of its proven management and technical experts.

 

TNR is a diversified metals exploration company focused on identifying and exploring its existing properties and identifying new prospective projects globally. TNR has a total portfolio of 18 properties, of which 9 will be included in the proposed spin-off of International Lithium Corp.

 

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

 

[Profhit]

Mariana drilling must be going well - findinglots of lithium!

 

IPO soon I hope for ILC? TNR's been creeping back up to $0.25

 

TNR Gold primes market for drilling at Mariana in Q4

 

 

2010-08-05 18:36 ET - News Release

 

 

Mr. Gary Schellenberg reports

 

$1 MILLION DRILL PROGRAM PLANNED MARIANA LITHIUM BRINE PROJECT, ARGENTINA

 

TNR Gold Corp. and wholly owned International Lithium Corp. (ILC) are getting ready for the forthcoming drill program at the Mariana lithium brine project in northwestern Argentina.

 

Key highlights:

 

A $1-million drill program planned at Mariana commencing fourth quarter 2010;

Constructing drill access road network and locating 20-person camp to site in September.

"The Mariana project has the ability to rapidly advance and we are preparing for exciting developments through the next year," Gary Schellenberg, president of TNR Gold, states. "Observations to date continue to support the potential of the project and we remain fully committed in this endeavour."

 

Mariana drill program

 

The company is planning to initiate a $1-million drill program for fourth quarter 2010 on the Mariana lithium brine property in Argentina. The goals include a) geochemical characterization of the subsurface brine across different zones within the basin, identification of the stratigraphy for a geological model of the salar, and c) identification and characterization of the aquifer potential of the basement of the salar. The company's intent is to utilize this drill program as a first step toward a resource classification of the brine.

 

Non-executive chairman Kirill Klip states: "We are encouraged with recent developments in the lithium market place and increased investor awareness about this opportunity to participate in building supply chains for electrification of our transportation. Recent exploration activities within the sector have attracted the attention from major participants among battery makers, car manufacturers and Asian trading houses. Upon completion of the ILC spinoff, the company will be in a strong position to develop its assets, capitalize on strategic opportunities, expand its market presence and leverage its profile with lithium end-users."

 

As a preparatory phase, the company will be locating a 20-person camp at site and commencing construction on the drill pad network across the Mariana salar in September.

 

About the Mariana project

 

The Mariana project, a lithium-boron-potassium salar, consists of several contiguous mineral claims covering 120 square kilometres and strategically encompasses the entire salar. Salars, or salt lakes, host some of the largest known lithium, potassium and boron resources in the world. Lithium brines with economical grades can produce cost-effectively relative to other more cost-intensive mine settings.

 

To date the company has completed a number of phases of shallow subsurface brine sampling surveys across the salar on a two-kilometre grid pattern. The majority of samples within the main 10-by-15-kilometre body of the salar returned values between 250 and 650 milligrams per litre lithium. These lithium concentration levels are comparable with early stage results from producing salars in North and South America.

 

Following this, a three-hole exploratory drill program and the associated construction of six-inch-diameter filter PVC-cased water wells were completed in May, 2010. The wells were sampled utilizing a submersible pump at various depths and duplicate samples were shipped to two certified labs, one in Argentina and one in Canada. The results reported to the company revealed significant issues with both the sampling method utilized in the field as well as the analytical measures employed by the labs.

 

It was determined that the down-hole sampling method did not attain the objective of selectively sampling specific subsurface brine aquifers at discrete depths, but collected brine samples representing a mixture of aquifers. Besides the evident mixing of the brine within the casing column, an inherent sampling bias existed and strongly favoured the brine layer with the greater transmissivity -- the near-surface brine. The chemistry reported from the down-hole samples directly reflects the surface brine chemistry previously reported by the shallow surface pit samples and indicates that the subsurface brine aquifers have yet to be tested. This inference has been observed by other operators utilizing a similar sampling method and needs to be corrected for in future down-hole sampling campaigns.

 

In addition, the analytical results revealed marked differences between the two labs that have yet to be satisfactorily resolved, making QA/QC resolution problematic and the results should not to be relied upon.

 

"The QA/QC protocols that our technical team has in place have revealed challenging sampling and analytical issues that face lithium brine explorers," states Mike Sieb, chief operating officer of TNR Gold. "Our goal is to achieve the highest standards and reliability in our exploration programs and the results that we generate. The upcoming program directly builds upon the experience acquired from the 2009-10 pit sampling and drilling programs and will provide valuable data from which to form an initial assessment of the Mariana project."

 

To address down-hole sampling issues identified and assist in the design of subsequent programs, the company is planning to resample the existing three drill holes utilizing an alternative method as soon as conditions permit.

 

Milligrams per litre (mg/L) are approximately equal to parts per million (ppm) when the density of the sample is similar to fresh water. Brines at Mariana have a density of approximately 1.21 grams per cubic centimetre, significantly higher than fresh water, resulting in the relationship: mg/L equals 1.21 by ppm.

 

The scale and timing of the proposed exploration programs are subject to and dependent upon the company raising sufficient funds.

 

John Harrop, PGeo, 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.

 

We seek Safe Harbor.

 

 

[Profhit]

2010-11-04 18:05 ET - News Release

 

 

Mr. Gary Schellenberg reports

 

TNR GOLD CORP.: LOS AZULES COPPER PROJECT COURT DATE SET FOR SUMMER 2011

 

TNR Gold Corp.'s litigation in the Supreme Court of British Columbia related to the Los Azules project in Argentina, involving TNR, Minera Andes Inc., MIM Argentina Exploraciones S.A. (Xstrata) and related entities, has been joined for hearing and scheduled for a new trial date of June 20 to July 15, 2011. The trial will be held in Vancouver.

 

As disclosed by TNR in Stockwatch on May 17, 2010, the subject of the legal actions is TNR's right to back-in to 25 per cent of certain properties constituting the Los Azules project. The Los Azules project is an advanced exploration project currently reporting a National Instrument 43-101-compliant inferred resource. MAI and Xstrata are contesting TNR's ability to exercise its back-in right. TNR is vigorously pursuing its claim and opposing MAI's efforts to deny the back-in right.

 

The company encourages interested parties to review the amended statement of defence and counterclaim in their entirety on its website for a better understating of TNR's position.

 

It should be noted that the statement of defence and counterclaim are not intended to be, and should not be interpreted as, sources of factual, business or operational information about TNR or any of its affiliates. The statement of defence and counterclaim contain assertions that have been prepared solely for use in connection with the legal dispute with MAI and Xstrata, have not been proven and should, therefore, not be relied upon.

 

We seek Safe Harbor.

[Profhit]

TNR secures strategic investor from China!!!! $2 million and investment up to 30% multi year deal

 

TNR Gold investor Jiangxi's board approves investment

 

 

2011-04-18 08:47 ET - News Release

 

 

Mr. Mike Sieb reports

 

TNR GOLD CORP.: JIANGXI GANFENG LITHIUM CO. LTD. BOARD APPROVES STRATEGIC INVESTMENT IN INTERNATIONAL LITHIUM CORP.

 

Jiangxi Ganfeng Lithium Co. Ltd., a leading China-based multiproduct lithium manufacturer, has received approval from its board of directors, to an initial strategic investment consisting of a 9.9-per-cent equity stake in TNR Gold Corp.'s International Lithium Corp.

 

Key highlights:

 

Jiangxi Ganfeng Lithium Co. Ltd., a prominent lithium product manufacturer, selects ILC as investment;

Initial 9.9-per-cent equity stake in ILC;

Ganfeng Lithium brings significant current and future project development assistance capability;

Strategic relationship agreement between a wholly owned subsidiary of Ganfeng Lithium and ILC provides for certain marketing and offtake rights and ILC board representation;

Company focused on closing of plan of arrangement with record date to be set shortly.

"We welcome Ganfeng Lithium as a strategic investor in International Lithium with a prime directive to support the advancement of our core projects and ultimately as an integral member to assist us in realizing our goal to become a recognized international lithium and rare metals explorer and developer," states Mike Sieb, president of International Lithium Corp.

 

Strategic investor

 

Ganfeng Lithium, based in Xinyu, Jiangxi Province, China, is a professional producer of lithium products which has developed a comprehensive lithium product chain, including lithium metal and alloys, inorganic and organic lithium chemicals for the primary and secondary lithium battery market, pharmaceutical and new material industries. Ganfeng's principal market is in China with international exports to Europe, Japan, United States and India.

 

Ganfeng Lithium was founded in the year 2000, was listed on the Shenzhen Stock Exchange in August, 2010, has recently reported $6.3-million net income from total revenues of $54-million (U.S.) in 2010 and currently has a market capitalization of approximately $680-million (U.S.).

 

The Ganfeng Lithium board has approved through its wholly owned subsidiary GFL International Co. Ltd., registered in Hong Kong, to purchase a 9.9-per-cent equity share in ILC through participating in the financing (as described below) and intends to provide future support toward the development of ILC's projects from a financial and technical perspective. Ganfeng Lithium's participation is subject to completion of the financing for gross proceeds of at least $2.5-million (including the strategic investor's subscription) and approval for the listing of the shares and warrants on the TSX Venture Exchange.

 

The strategic relationship agreement provides for, among other things, the right for Ganfeng Lithium to maintain and increase its percentage ownership in ILC, grants certain marketing and offtake rights, and provides for ILC board representation. In conjunction, a voting trust agreement has been entered into among Ganfeng Lithium and certain insiders of ILC and affiliates as it relates to ILC.

 

Plan of arrangement -- ILC financing

 

In order to complete the plan of arrangement, ILC intends to raise a minimum of $2.5-million to provide International Lithium with sufficient operating and administration funds to satisfy exchange requirements for listing. The proposed financing will offer a minimum of 10 million units in ILC priced at 25 cents per unit. Each unit consists of one common share and one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of ILC at a price of 37.5 cents for a period of two years from the date of closing. Certain fees may be payable on a portion of the placement, in compliance with exchange requirements.

 

TNR and ILC non-executive chairman Kirill Klip plan to participate in the financing.

 

Company executives will focus on the completion of the financing and will shortly be providing the shareholders of TNR notification of the final date for the shareholders of TNR to receive the applicable ILC units under the plan of arrangement.

 

Upon closing of the financing, ILC will file the required final paperwork with the applicable regulatory bodies in order to complete the listing of ILC.

[Profhit]

Keep in mind management and insiders hold more than 50% of shares.

Lots of fund support - Toqueville and Pinetree hold another 10% easily - check 10F EDGAR filings

 

http://www.theaureport.com/pub/na/3532

[Profhit]

GREAT NEWS!! Everyone that's a shareholder before May 16 end of day will get shares of International Lithium!!

 

TNR receives TSX-V OK to spin out Int'l Lithium May 19

 

2011-05-12 08:45 ET - News Release

 

Mr. Mike Sieb reports

 

TNR GOLD CORP.: INTERNATIONAL LITHIUM CORP. SPIN-OUT RECORD DATE SET

 

The TSX Venture Exchange has approved TNR Gold Corp.'s plan of arrangement involving the spin-out of TNR's lithium and rare metals property interests into a separate public company, International Lithium Corp. The plan of arrangement will close and be given effect on May 19, 2011 (note 1).

 

Key highlights:

 

* TSX Venture Exchange approves the company's plan of arrangement and 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;

* 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 million ILC common shares and 10 million ILC share purchase warrants, each whole ILC share purchase warrant exercisable to acquire one additional share of ILC at 37.5 cents per share for two years.

* Concurrent with the closing of the plan of arrangement, ILC will exercise the Mariana option agreement whereby ILC will acquire a 100-per-cent 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-million shall be payable through the issuance of seven million ILC common shares and seven million ILC warrants, and the balance of which shall be payable in cash.

* Every TNR shareholder will exchange its common shares in TNR for one new common share of TNR and one-quarter of one common share of ILC and one-quarter of one ILC warrant.

* TNR warrantholders will receive on exercise of each warrant one new common share of TNR and one-quarter of one 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 new common share of TNR and one-quarter of one common share of ILC and one-quarter of one 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; 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 25 cents 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 37.5 cents for a period of two years from the date of closing. 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 four months in accordance with applicable securities laws.

 

Jiangxi Ganfeng Lithium Co. (Ganfeng Lithium), a leading China-based multiproduct lithium manufacturer, has committed through a strategic relationship agreement to an initial strategic investment consisting of a 9.9-per-cent 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.