VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 6, 2010) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR) and wholly-owned International Lithium Corp. ("ILC") are pleased to provide an abridged review of the significant events and corporate targets realized by the Company during 2009. These milestones were accomplished during a challenging global economic crisis due to the combined dedication of our management team, directors and shareholders.
The Company anticipates 2010 to be an exciting year starting with the planned spinoff and public listing of a new Rare Metals public company, International Lithium Corp. ("ILC"), and the continued advancement of our high quality projects in TNR Gold.
INTERNATIONAL LITHIUM CORP.
During 2009, International Lithium Corp. aggressively acquired significant assets in both lithium brines and rare metals pegmatites in Argentina, USA, Canada and Ireland. The following highlights ILC's asset portfolio:
Mariana Project – Argentina: 120 square kilometre 100% earn-in lithium brine project. Critical aspects include complete coverage of an entire salar (salt lake) and highly encouraging initial results. Rapid advancement comprising geophysics, detailed hydrological testing and drilling is planned for early 2010.
Nevada Projects: Consist of three early stage projects surrounding and analogous to Clayton Valley, the only producing lithium brine operation in North America. ILC is well positioned to increase its presence and advance its projects in Nevada in 2010. Comprehensive geophysical surveys are planned in preparation for drilling.
Mavis Lake Project – Ontario: Ideally located 15 km northeast of Dryden, last year's work programs demonstrated strong and widespread rare metals mineralization (lithium, tantalum, rubidium and cesium; refer to Company news release dated Nov. 19, 2009 for details) warranting a major exploration program in 2010 including a drill program targeted for the summer field season.
Moose Project – NWT: An underexplored past high-grade Lithium and Tantalum producer possessing significant potential for the delineation and extension of the known pegmatites. Geophysics followed by drilling is planned for 2010.
Blackstairs Project – Ireland: 292 square kilometres, consisting of 19 underexplored rare metals pegmatites. Historical data is currently being compiled with exploration recommendations anticipated in early 2010.
International Lithium Corp.'s goal is to build a diversified balanced portfolio of Rare Metals projects to contribute to the world's needs and shift to green energy. This will be accomplished through rapid advancement of its main projects, cost and risk management employing a joint venture business model for the remaining projects and securing strategic partnerships with Lithium and other Rare Metals end users.
TNR GOLD CORP. – LEAD PROJECT GENERATOR
After the spinoff of International Lithium, TNR intends on delivering additional shareholder value through continuing to advance the numerous copper and gold projects in Argentina and Alaska and its rare earth elements property in Canada. Also by continuing to identify commodity trends early on, the Company will strategically build a portfolio of highly prospective properties and secure joint venture partners to develop projects into tomorrow's resources and mines. The following highlights TNR's projects:
Big Beaverhouse REE Project – Ontario: Is one of the largest carbonatites complexes in the province of Ontario measuring six kilometres in diameter, is underexplored and prospective for the full suite of Rare Earth Elements ("REE"). By acquiring the Big Beaverhouse REE project, TNR has diversified its exploration portfolio and is strategically moving into this new market of high-value commodities. Compilation of historical data is ongoing and the Company expects to be in receipt of exploration recommendations shortly.
Shotgun and Iliamna Gold Projects – Alaska: Are receiving increased attention with gold hitting new highs and represent a compelling package that may form the basis of a future strategic initiative.
Los Azules Cu Project – Argentina: TNR retains a conditional 25 per-cent back-in right to certain of the properties which is currently the subject of a legal dispute, with a court date set for the fall of 2010. The Los Azules project is an advanced exploration project currently reporting a National Instrument 43-101 compliant Inferred Resource. The Company fully intends on exercising its back-in right to the property at the appropriate time.
El Salto Cu Project – Argentina: Previous work on this 3,300 hectare 100% earn-in property delineated a large chargeability anomaly (6 x 1.5 kilometres) that was tested by only 12 wide spaced drill holes; one of which returned 55 metres of 0.21% Cu and 0.012% Mo. The company will continue to seek a strategic partner to advance this asset.
El Tapau Au-Cu Project – Argentina: TNR maintains an option to acquire a 70% interest in El Tapau. Initial reconnaissance reported a 2.2 g/t Au average from 157 grab samples(i) over a 4.5km long area. Very limited drill coverage consisting of 7 holes returned a significant intersection of 82 metres grading 0.49% Cu. Additional exploration work in 2010 will focus on the copper gold tourmaline breccias that have been traced over 4 kms on the property.
La Ortiguita Cu-Au Project – Argentina: La Mancha Resources Inc. has an option to acquire a 75% undivided interest in the La Ortiguita project and is required to spend $800,000 in exploration expenditures on the property in 2010 and an additional $800,000 in 2011.
Eureka Project – Argentina: Has been returned to the vendor in order for the Company to allocate its resources and energies on its other projects.
Argentina continues to be a strong point for TNR with a strategic advantage gained from an 18-year established office and dedicated team based in San Juan.
For a more detailed summary refer to the President's Message on the Company's website at www.tnrgoldcorp.com.
(i) Note: grab samples are by definition selective and are unlikely to represent average grades on the property.
ABOUT TNR GOLD / INTERNATIONAL LITHIUM CORP.
TNR and ILC are diversified metals exploration companies focused on exploring existing properties and identifying new prospective projects globally. TNR has a portfolio of 18 active projects, of which 9 will be included in the proposed spin-off of International Lithium Corp. 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, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the companies' commitments to generating projects, diversifying its markets, and building shareholder value.
On behalf of the Board,
Gary Schellenberg - President
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.
CUSIP: #87260X 109
SEC 12g3-2(b): Exemption #82-4434
The TSX Venture Exchange does not nor does its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
For more information, please contact
TNR Gold Corp.
Gary Schellenberg
President
(604) 687-7551 or 1-800-667-4470
(604) 687-4670 (FAX)
info@tnrgoldcorp.com
www.tnrgoldcorp.com
For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/
The Company anticipates 2010 to be an exciting year starting with the planned spinoff and public listing of a new Rare Metals public company, International Lithium Corp. ("ILC"), and the continued advancement of our high quality projects in TNR Gold.
INTERNATIONAL LITHIUM CORP.
During 2009, International Lithium Corp. aggressively acquired significant assets in both lithium brines and rare metals pegmatites in Argentina, USA, Canada and Ireland. The following highlights ILC's asset portfolio:
Mariana Project – Argentina: 120 square kilometre 100% earn-in lithium brine project. Critical aspects include complete coverage of an entire salar (salt lake) and highly encouraging initial results. Rapid advancement comprising geophysics, detailed hydrological testing and drilling is planned for early 2010.
Nevada Projects: Consist of three early stage projects surrounding and analogous to Clayton Valley, the only producing lithium brine operation in North America. ILC is well positioned to increase its presence and advance its projects in Nevada in 2010. Comprehensive geophysical surveys are planned in preparation for drilling.
Mavis Lake Project – Ontario: Ideally located 15 km northeast of Dryden, last year's work programs demonstrated strong and widespread rare metals mineralization (lithium, tantalum, rubidium and cesium; refer to Company news release dated Nov. 19, 2009 for details) warranting a major exploration program in 2010 including a drill program targeted for the summer field season.
Moose Project – NWT: An underexplored past high-grade Lithium and Tantalum producer possessing significant potential for the delineation and extension of the known pegmatites. Geophysics followed by drilling is planned for 2010.
Blackstairs Project – Ireland: 292 square kilometres, consisting of 19 underexplored rare metals pegmatites. Historical data is currently being compiled with exploration recommendations anticipated in early 2010.
International Lithium Corp.'s goal is to build a diversified balanced portfolio of Rare Metals projects to contribute to the world's needs and shift to green energy. This will be accomplished through rapid advancement of its main projects, cost and risk management employing a joint venture business model for the remaining projects and securing strategic partnerships with Lithium and other Rare Metals end users.
TNR GOLD CORP. – LEAD PROJECT GENERATOR
After the spinoff of International Lithium, TNR intends on delivering additional shareholder value through continuing to advance the numerous copper and gold projects in Argentina and Alaska and its rare earth elements property in Canada. Also by continuing to identify commodity trends early on, the Company will strategically build a portfolio of highly prospective properties and secure joint venture partners to develop projects into tomorrow's resources and mines. The following highlights TNR's projects:
Big Beaverhouse REE Project – Ontario: Is one of the largest carbonatites complexes in the province of Ontario measuring six kilometres in diameter, is underexplored and prospective for the full suite of Rare Earth Elements ("REE"). By acquiring the Big Beaverhouse REE project, TNR has diversified its exploration portfolio and is strategically moving into this new market of high-value commodities. Compilation of historical data is ongoing and the Company expects to be in receipt of exploration recommendations shortly.
Shotgun and Iliamna Gold Projects – Alaska: Are receiving increased attention with gold hitting new highs and represent a compelling package that may form the basis of a future strategic initiative.
Los Azules Cu Project – Argentina: TNR retains a conditional 25 per-cent back-in right to certain of the properties which is currently the subject of a legal dispute, with a court date set for the fall of 2010. The Los Azules project is an advanced exploration project currently reporting a National Instrument 43-101 compliant Inferred Resource. The Company fully intends on exercising its back-in right to the property at the appropriate time.
El Salto Cu Project – Argentina: Previous work on this 3,300 hectare 100% earn-in property delineated a large chargeability anomaly (6 x 1.5 kilometres) that was tested by only 12 wide spaced drill holes; one of which returned 55 metres of 0.21% Cu and 0.012% Mo. The company will continue to seek a strategic partner to advance this asset.
El Tapau Au-Cu Project – Argentina: TNR maintains an option to acquire a 70% interest in El Tapau. Initial reconnaissance reported a 2.2 g/t Au average from 157 grab samples(i) over a 4.5km long area. Very limited drill coverage consisting of 7 holes returned a significant intersection of 82 metres grading 0.49% Cu. Additional exploration work in 2010 will focus on the copper gold tourmaline breccias that have been traced over 4 kms on the property.
La Ortiguita Cu-Au Project – Argentina: La Mancha Resources Inc. has an option to acquire a 75% undivided interest in the La Ortiguita project and is required to spend $800,000 in exploration expenditures on the property in 2010 and an additional $800,000 in 2011.
Eureka Project – Argentina: Has been returned to the vendor in order for the Company to allocate its resources and energies on its other projects.
Argentina continues to be a strong point for TNR with a strategic advantage gained from an 18-year established office and dedicated team based in San Juan.
For a more detailed summary refer to the President's Message on the Company's website at www.tnrgoldcorp.com.
(i) Note: grab samples are by definition selective and are unlikely to represent average grades on the property.
ABOUT TNR GOLD / INTERNATIONAL LITHIUM CORP.
TNR and ILC are diversified metals exploration companies focused on exploring existing properties and identifying new prospective projects globally. TNR has a portfolio of 18 active projects, of which 9 will be included in the proposed spin-off of International Lithium Corp. 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, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the companies' commitments to generating projects, diversifying its markets, and building shareholder value.
On behalf of the Board,
Gary Schellenberg - President
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.
CUSIP: #87260X 109
SEC 12g3-2(b): Exemption #82-4434
The TSX Venture Exchange does not nor does its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
For more information, please contact
TNR Gold Corp.
Gary Schellenberg
President
(604) 687-7551 or 1-800-667-4470
(604) 687-4670 (FAX)
info@tnrgoldcorp.com
www.tnrgoldcorp.com
For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/ 
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/base/copper-d.gif)
No hay comentarios:
Publicar un comentario
Thanks for your interest on Argentina Mining's Blog. Please leave your comment on this article in spanish or english. / Gracias por su interés en el Blog de Argentina Mining. Por favor deje su comentario sobre este artículo en español o inglés.