TNR Gold Intersects 242 Metres of 1.25 g/t Gold on New Geophysical Target at Shotgun
10 Setembro 2012 - 9:17AM
PR Newswire (Canada)
VANCOUVER, British Columbia, Sept. 13, 2012 /CNW/ - TNR Gold Corp.
("TNR" or the "Company") is pleased to announce the assay results
from the first hole of the drilling program at the Shotgun gold
property in Alaska. Drill hole SR12-56 returned 242 metres
averaging 1.25 grams per tonne gold including several higher-grade
intercepts. The 30-day exploration program included 814 metres of
drilling and three geophysical survey grids. -- Drill hole SR12-56
returns mineralized interval of 242.22 metres averaging 1.25 grams
per tonne gold. -- Included within this interval is 114.22m
averaging 1.84 g/t Au. -- Hole ended in mineralization at target
depth of 293.22 metres. -- Mineralized zones are open at depth and
coincident with geophysical anomalies found in 2011. -- Assays
pending for two more holes. Drilling ResultsDiamond drill hole
SR12-56 was oriented parallel and approximately 50m northwest of
SR06-43 (previously reported containing 210 metres averaging 1.3
g/t Au). Three zones identified by more intense brecciation and
increased gold grades correlate well between the two holes. These
new results significantly reinforce confidence in the specific
orientation of these southwest dipping mineralized higher-grade
zones and how to target them with future drilling. In addition to
testing for continuation of mineralized zones encountered in
SR06-43, the new hole targeted an untested geophysical anomaly
identified by the 3D geophysical survey in 2011. The strongest
mineralization encountered in hole SR12-56 is coincident with where
this geophysical anomaly was intersected. The hole ended in
mineralization at target depth of 293.22m.
________________________________________________ | |From |To |Width
|Au g/t| |____________________|______|______|______|______| |Entire
intrusive |51.00 |293.20|242.20|1.25 |
|____________________|______|______|______|______| | | | | | |
|____________________|______|______|______|______| |Including
(SW-zone) |55.50 |104.35|48.85 |1.02 |
|____________________|______|______|______|______| | | | | | |
|____________________|______|______|______|______| |Including
(Mid-zone)|135.00|159.20|24.20 |0.85 |
|____________________|______|______|______|______| | | | | | |
|____________________|______|______|______|______| |Including
(NE-zone) |179.00|293.22|114.22|1.84 |
|____________________|______|______|______|______| |Containing
|186.00|242.00|68.00 |2.05 |
|____________________|______|______|______|______| |which includes
|203.90|226.00|22.10 |2.86 |
|____________________|______|______|______|______| |And containing
|264.30|277.45|13.15 |3.12 |
|____________________|______|______|______|______| |Which includes
| | |1.95 |11.2 |
|____________________|______|______|______|______| | | | | | |
|____________________|______|______|______|______| Cross section
and plan map images showing SR12-56 are available on the Company's
website, http://www.tnrgoldcorp.com Click for plan map. Click for
cross section. Click for 3D image. Drilling targeting was aided by
2011 geophysical surveys results. Higher grades within the NE-zone
in hole 12-56 are associated with a chargeability high feature that
suggests the mineralization continues at depth. Preliminary results
of the 2012 geophysical survey are currently being interpreted.
"The Company is extremely pleased with these results and how they
support our exploration model for identifying bulk minable gold
targets at the Shotgun project. As reported previously, the geology
logged in the drilling correlated well with previous work and
looked very encouraging. The assays in the first hole have started
to confirm this" comments John Harrop, VP Exploration. About the
Shotgun Gold ProjectTNR holds a 100% interest in the Shotgun
property located 175 kilometres south of Donlin Creek within the
Kuskokwim Gold Belt in southwestern Alaska. This area is emerging
as a world-class gold district hosting more than 40 million ounces
of aggregated gold resources. The Shotgun property includes a
number of prospects, including Shotgun Ridge and nearby Winchester.
Donlin is an intrusion-associated system and represents one of the
largest undeveloped gold deposits in the world. The Company
believes that there are several key similarities between prospects
on the Shotgun property and that of the Donlin Creek gold deposit
as well as other important intrusion-associated deposits. John
Harrop, PGeo, FGS, a Qualified Person for the Company as defined by
National Instrument 43-101 Standards of Disclosure for Mineral
Projects has reviewed the technical information contained in this
news release. About TNR Gold Corp.Over the past twenty-one years
TNR, through its lead generator business model, has been successful
in generating high quality exploration projects around the globe.
With the Company's expertise, resources and industry network, it is
well positioned to aggressively identify, source, explore, partner
and continue to expand its project portfolio. TNR's recently listed
subsidiary, International Lithium Corp. ("ILC"), demonstrated the
successful application of TNR's business model in which TNR
shareholders benefited from a unit distribution upon spin-out of
TNR's lithium and rare metals projects. Ganfeng Lithium Co. Ltd. is
a leading China based, multi-product lithium manufacturer, and
strategic partner and investor in ILC. TNR remains a large
shareholder in ILC holding 25.5% of ILC's outstanding shares. At
its core, TNR provides significant exposure to gold and copper
through its holdings in Alaska and Argentina; and teamed with the
recent acquisitions of rare-earth elements and iron ore projects in
Canada confirms TNR's commitment to continued generation of
in-demand projects, while diversifying its markets and building
shareholder value. On behalf of the board, Gary
SchellenbergPresident Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. Statements in this press
release other than purely historical information, historical
estimates should not be relied upon, including statements relating
to the Company's future plans and objectives or expected results,
are forward-looking statements. News release contains certain
"Forward-Looking Statements" within the meaning of Section 21E of
the United States Securities Exchange Act of 1934, as amended.
Forward-looking statements are based on numerous assumptions and
are subject to all of the risks and uncertainties inherent in the
Company's business, including risks inherent in resource
exploration and development. As a result, actual results may vary
materially from those described in the forward-looking statements.
Symbol: TNR:TSXVCUSIP: #87260X 109SEC 12g3-2(b): Exemption #82-4434
620 - 650 West Georgia StreetVancouver, British ColumbiaV6B 4N9,
Canada Voice: (604) 687-7551Fax: (604) 687-4670
1-800-667-4470E-mail: info@tnrgoldcorp.com Website:
http://www.tnrgoldcorp.com Twitter: @TNR_Gold TNR Gold Corp.
CONTACT: http://www.tnrgoldcorp.com
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