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Mostrando entradas con la etiqueta Mariana. Mostrar todas las entradas
Mostrando entradas con la etiqueta Mariana. Mostrar todas las entradas

1 mar 2012

Mariana Reports Remaining Phase IV Drilling Results at Sierra Blanca Project, Deseado Massif, Southern Argentina


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 29, 2012) - Mariana Resources Ltd ('Mariana' or 'the Company') (AIM:MARL)(PLUS:MARL)(TSX:MRY), the AIM and TSX quoted exploration and development company focused on Argentina and Chile, is pleased to report further assay results received from the remaining 18 holes of the 5,200m 26-hole Phase IV drilling campaign at the Sierra Blanca gold-silver project ('Sierra Blanca') in the Deseado Massif of southern Argentina. Mariana finalised the purchase of the outstanding interest in the project from IAMGOLD last week, to make the project 100% owned by Mariana (see announcement 24 February 2012).

Overview

* Scout drilling confirms broad target areas at Vetarron, Lucila, Trafwe and Achen-Chala along a combined 8.9km strike
* New target area Vetarron Norte has intersections of vein-breccias anomalous in gold and silver in VND122 and VND 123 following 4.5m @ 3.6 g/t Au & 159 g/t Ag from 85.5m in previously announced VND102
* Two thirds of the 1.8km strike at Vetarron is untested with a possible 1.25km northerly extension under gravel cover
* Further zones of strongly anomalous to low grade gold-silver intersected at the 1.8km Lucila vein target in several drill holes - intersections of NW structures along the EW Lucila trend identified as additional targets
* Scout drilling along the 1.4 km gravel covered Trafwe magnetic low target between Lucila and Achen has intersected a structure hosting quartz-sulphides with elevated gold and silver values: 2.3m @ 0.6 g/t Au and 21 g/t Ag - TRD104 and 0.5m @ 0.5 g/t Au and 49 g/t Ag - TRD114
* At Achen-Chala, silver mineralisation with anomalous gold was intersected in CHD115 with 1.6m @ 0.4 g/t Au 91 g/t Ag from 99.9m
* Target areas to be advanced with structural/alteration mapping and detailed ground magnetics

Executive Chairman John Horsburgh said, "Broad target areas with a combined strike length of 8.9km (Vetarron, Lucila, Trafwe and Achen-Chala) have been identified. In particular, Vetarron Norte is shaping up as a priority target area, both in terms of strike length and depth potential. Also, two drill holes testing the 1.4km linear magnetic low between Lucila and Achen have located quartz-sulphides in structures with gold and silver mineralisation below thick gravel cover. These results underpin further exploration of the vein systems guided by structural and alteration mapping and detailed ground magnetics."

To view the figures referred to in this report click on the following link:
http://www.marianaresources.com/pdf/release/Mariana_120229.pdf

Vetarron Norte (Figure 3)

The target area comprises multiple quartz sulfide vein breccias over widths up to 25m along a 1.8 km N-S trend delineated by outcrops with rock chips up to 0.3 g/t Au and 23 g/t Ag, IP chargeability anomalies and magnetic lows. The host rocks are andesites and sediments.

Quartz-sulfide breccias/stockworks up to 50m wide and anomalous in gold (25m @ 0.3 g/t Au - VND100 and 6.5m @ 0.3 g/t Au - VND123) have been intersected by testing strong chargeablity anomalies below limited outcrop. Encouragingly, VND102 from the first batch, intersected 0.5m @ 12.1 g/t Au and 732 g/t Ag.

Two thirds of the 1.8km trend are untested to date. In the area drilled, chalcedonic quartz with high pathfinder elements (antimony and arsenic) indicate an intact high level epithermal system with potential at depth. Recently discovered outcrops of gold-anomalous quartz breccia in covered ground, 200m (coincident chargeability anomaly) and 1,250m north of the area drilled (prominent magnetic low) indicate a northerly extension of the system. (Figures 2 and 3)

Lucila Vein Zone (Figure 4)

The 1.8km E-W trending Lucila vein (up to 5m thick) coincides with a 5.3 km ENE trending magnetic low which includes the Trafwe target. Scout drilling (2008) intersected quartz-chalcedony veins, silicification (up to 30m wide) and low grade gold-silver. Recent results from LUD118 and 119 show silver-rich mineralisation persisting at depth (2m @ 0.3 g/t Au 53 g/t Ag from 119m - LUD118). Higher gold-silver values are related to the intersection of the main E-W main structure with NW secondary structures (Figure 4). Along the 1.4 km long Trafwe sector, two holes intercepted a quartz-sulphide rich structure: 2.3m @ 0.61 g/t Au and 21 g/t Ag - TRD104 and 0.5m @ 0.5 g/t Au and 49 g/t Ag - TRD114.

New targets have been identified northwest of Lucila post-drilling, including an untested magnetic low and a 500m N-S trending area of chalcedonic quartz float with associated clay alteration.

Achen-Chala (Figure 5)

Silver mineralisation with anomalous gold was intersected from 99.9m in CHD115 with 1.6m @ 0.4 g/t Au 91 g/t Ag. Best intersections announced in the initial batch were: 1.0m @ 0.3 g/t Au 206 g/t Ag - CHD93 and 0.6m @ 4.1 g/t Au 549 g/t Ag - CHD95. A drill plan and an updated assay x width longitudinal section are shown for Achen-Chala (Figure 6). The vein system has been tested to approximately 150m to 200m below surface.
Table: Results summary




Gold equivalent grade is calculated by dividing silver assays by 60 and adding to the gold value and this assumes 100% metallurgical recovery. True widths are estimated to be 85-90% of the stated interval.

Follow-up Exploration

Taking into account the recent drill results and indications of strike extensions to the north under cover, the extensive Vetarron area requires further target definition in the form of detailed ground magnetics and mapping. Ongoing work at Lucila, Trafwe and Achen-Chala will include structural/alteration mapping and detailed magnetic surveying to identify favourable structural controls on mineralisation such as NW trending cross structures which could lead to higher grade mineralisation.

Sierra Blanca Background

The 7,000 Ha Sierra Blanca Project is 50km NW of AngloGold Ashanti's Cerro Vanguardia mine along the Tranquilo regional fault system and adjacent to TSX quoted Argentex Mining's Pinguino epithermal gold-silver/polymetallic discovery (Figure 1). Sierra Blanca owns 100% of the Project.

Mariana discovered epithermal gold-silver mineralisation at Veta Chala in 2008. Reverse circulation and diamond holes (1,750m), targeted veins and breccias exposed in trenches with bonanza and high grade channel sampling assays (see news release 02/04/08). Several holes were ineffective with poor core recovery or high water flow in RC holes. 3-D IP, LAG sampling and ground magnetic surveys preceded the recent programme. There are several epithermal gold-silver prospects and numerous under-explored veins located within the property. Sierra Blanca has both low and intermediate style sulphidation epithermal mineralisation. Best intersections to date are 30.1m @ 2.2 g/t Au 101 g/t Ag & 2.1m @ 15.9 g/t Au 39 g/t Ag (Chala Central) and 11.0m @ 3.4 g/t Au 385 g/t Ag (Chala Splay).

Additional information

The Phase IV drilling programme was undertaken by ECOMINERA. The Company's Vice-President Exploration, Dr Gustavo Rodriguez (MAIG) directed the drill programme under the supervision of Executive Chairman Mr John Horsburgh. Exploration information in this announcement has been compiled by John Horsburgh who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Horsburgh has sufficient experience relevant to the style of mineralization and types of gold deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the JORC Code. Mr. Horsburgh is a Qualified Person within the meaning of National Instrument 43-101.

Quality Assurance/Quality Control

All technical information for the Company's Argentina projects is obtained and reported under a quality assurance and quality control (QA/QC) program. All samples are collected under the supervision of the Company geologists and dispatched via commercial transport to ALS Chemex laboratories in Mendoza, Argentina, and assayed in Chile. ALS Chemex's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. Samples returning greater than 10 g/t gold and/or greater than 100 g/t silver are assayed using gravimetric analyses.

Systematic assaying of sample duplicates and commercially prepared standards and blanks is performed for analytical reliability.

For further information please visit website at www.marianaresources.com.

About Mariana Resources

Mariana Resources Ltd is an AIM and TSX quoted exploration and development company with an extensive portfolio of gold, silver and copper projects in Argentina and Chile. In southern Argentina, in addition to the advanced Las Calandrias gold-silver project, the Company has the Sierra Blanca silver-gold project (100%); the Los Amigos joint venture (49%) with Hochschild Mining and staked a 215,000 Ha land package (100%) . All of these projects are located in the Deseado Massif epithermal gold-silver district in mining-friendly Santa Cruz province of southern Argentina, which hosts four mines and several advanced projects. In Chile, Mariana has a joint venture with US based international mining and natural resources company Cliffs Natural Resources Inc., to explore for iron oxide-copper-gold deposits ('IOCG') in a 92,000 km² area ("SCM Mariana Area") in north-central Chile along the highly prospective Atacama Fault Zone. The SCM Mariana Area includes the 44km² Buenaventura and 46km² Perro Chico IOCG projects. Mariana is also evaluating a number of gold-silver and copper-gold opportunities independent of and outside the Cliffs JV area.

Safe Harbour

This press release presents "forward-looking statements" within the meaning of Canadian securities legislation that involve inherent risks and uncertainties. Forward-looking statements include, but are not limited to, statements with respect to the future price of gold and other minerals and metals, the estimation of mineral resources, the capital expenditures, costs and timing of the resources, the realization of mineral reserve estimates, the capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Mariana to be materially different from those expressed or implied by such forward looking statements, including but not limited to: risks related to international operations, actual results of current exploration activities; actual results of current or future reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold and other minerals and metals; possible variations in ore reserves, grade or recovery rates; failure of equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the management of Mariana believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions and have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Mariana Resources does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.

NEITHER THE TSX NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE

Contact Information


In Australia:
Mariana Resources Ltd
John Horsburgh (Chairman)
+61 2 94374588

Mariana Resources Ltd
Glen Parsons (CFO)
+612 94374588
www.marianaresources.com

RFC Corporate Finance Limited (Nomad)
Rob Adamson
+61 2 9250 0041

RFC Corporate Finance Limited (Nomad)
Will Souter
+61 2 9250 0050

In U.K.
Fox Davies Capital (Co UK Broker)
Jonathan Evans
+44 20 3463 5000

St Brides Media and Finance Ltd (PR)
Felicity Edwards
+44 20 7236 1177

In Canada:
Mariana Resources Ltd (Vancouver Office)
Kathryn Witter
+1 604 669 9336

Renmark Financial Communications (PR)
Arash Shahi
+1 514 939 3989

Renmark Financial Communications (PR)
Maurice Dagenais
+1 416 644 2020


6 jul 2011

Inaugral International Lithium Corp. President's Message; Argentina and Canada Project Update


VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 6, 2011) - It is with great anticipation that I greet you with this inaugural President's Message. From International Lithium Corp.'s ("ILC") (TSX VENTURE:ILC)(TSX VENTURE:ILC.WT)(PINK SHEETS:ILHMF) (inception in 2009, to successful completion of a plan of arrangement resulting in the spin-out from TNR Gold Corp. and public listing on May 24, 2011 on the TSX Venture Exchange, we have accomplished much.

The Company's formative year was primarily focused on acquiring high quality projects by initially assembling a qualified team to source out rare element metal ("REM") opportunities. As a result of our labors, International Lithium has developed a robust portfolio of projects geographically and commodity diverse; balanced between lithium brine and REM hard-rock pegmatite projects. While the last year has seen our efforts directed to completion of the plan of arrangement and all the interminable tasks associated with taking a company public, raising of sufficient funds to fulfill the listing requirements and the signing of a strategic partnership agreement, we expect an even more fulfilling 2011-2012 for ILC.

It is gratifying to witness a concept taken to reality, but more so when the vision is understood and endorsed by others. Through the oversubscription of ILC's initial financing and the commitment by Jiangxi Ganfeng Lithium Co. Ltd., a leading China based multi-product lithium manufacturer who intends to contribute current and future project development assistance capability, we have placed a solid first step on the path to accomplishing our goals.

International Lithium is currently embarking on the next stage of its development which will entail the aggressive exploration of its various drill ready projects. From the expansive Mariana lithium brine project located in the world renowned 'Lithium Belt' in Argentina, to the Company's three Nevada lithium brine projects and our high grade hard-rock REM projects in Canada and Ireland, we are determined to realize the value envisioned by our team.

Support starts from within and with greater than 50% of the outstanding shares held by management and insiders we can guarantee a significant vested interest in the growth and success of this enterprise.

International Lithium Corp. is fresh to the public's eye, but we have been preparing the stage for some time. Through our people, projects and support, we will strive to continue to advance our projects and instill value in all our endeavours. In addition, we will continue to maintain good communication with our shareholders. This will be accomplished by initially informing you as our various exploration programs commence and continuously providing timely updates as we advance those projects.

MARIANA LITHIUM BRINE PROJECT UPDATE – ARGENTINA

The site preparation for the Phase 1 drill program at Mariana is complete. Through April to June 2011 a 20-person fully operational camp was erected at site, a 25 kilometre drill road network was constructed across the salar and 8 drill platforms were prepared. The Company is currently evaluating drill contracts with the expectation to commence drilling at the first viable availability.

The Mariana lithium brine project in Argentina, covering an expansive 160 square kilometres, revealed highly compelling geochemistry from a preliminary investigation that reported average grades of 440 mg/L lithium and 12,700 mg/L potassium. The potassium levels were unexpected and represent one of the highest grades comparative to any of the neighbouring salars outside of the world class operation on the Atacama salar in Chile. The objective of the Phase 1 drill program is to identify and isolate separate brine horizons for a first-time representative characterization of the subsurface brine geochemistry. Subsequent drilling will continue to delineate and add to the confidence level of the geochemistry of the subsurface brine pool with an Inferred Resource estimate targeted for early next year.

CANADIAN RARE METAL PROJECT UPDATE

ILC's property portfolio is well balanced by a number of highly prospective rare metals' hard-rock pegmatite projects. Highlighting these rare metals' projects is the Moose property located near the shore of Great Slave Lake in the NWT which was a minor lithium and tantalum producer in the 1950's with reported production of 119 tonnes of lithium ore and an estimated 4,409 tonnes of high grade tantalum-niobium ore. The 2010 exploration program encountered limited exposure, however a channel sample returned 1.50 wt% Li2O over 7.5 metres confirming the continuity of high grade lithium across substantial widths within the pegmatite and a muck pile sample returned 8.44 wt% Li2O indicating that the source pegmatite is highly evolved and underscores the potential of the property. In support of the untested potential, the historic exploration and mining did not penetrate below 25 metres in depth or extend beyond the local workings.

In addition, surface exploration on the Mavis Lake rare metals' project, located 15 km Northeast of Dryden, Ontario, revealed high-grade well-evolved lithium and tantalum zonation as well as significant levels of cesium and rubidium across multiple pegmatite bodies.

Both the Moose and Mavis Lake projects are clearly emerging as premier multi-element rare metals projects. The Company is currently planning drill programs commencing in late summer 2011 to determine their potential.

ABOUT INTERNATIONAL LITHIUM CORP.

International Lithium Corp. is an international rare element metals ("REM") mineral exploration company with an outstanding portfolio of projects, strong management ownership, robust financial support and a prominent lithium product manufacturer as a keystone investor.

ILC currently has 9 active REM projects, well balanced between lithium brines in Argentina and Nevada and hard-rock pegmatites in Canada and Ireland. The Company's primary focus is the Mariana lithium brine project, a salar or 'salt lake', covering an expansive 160 square kilometres and strategically encompassing the entire basin. Mariana is located in the renowned South American 'Lithium Belt' centred on the junction of Argentina, Bolivia and Chile that is host to the vast majority of global lithium resources, reserves and production. The Mariana lithium brine project ranks as one of the more prospective salars in the region.

Complementing the Company's lithium brine projects are the REM pegmatite properties. The key characteristics shared by the hard-rock REM projects are their limited past exploration, excellent accessibility, limited assaying for rare metals, clear potential for additional exploration to add project value and development potential to meet the global technological growth in demand for the REM suite of elements.

International Lithium Corp.'s mandate is to increase shareholder value through aggressive advancement of its core projects and to source joint venture partners to expand the scope and diversify risk of its exploration effort.

On behalf of the Board,

Mike Sieb, President – International Lithium Corp.

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.

Shares CUSIP: #459820 10 6

Warrants Symbol: ILC.WT

Warrant CUSIP: #459820 11 4

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.


21 may 2011

TNR Gold Corp.: International Lithium Corp. Listing Date


VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 20, 2011) - TNR Gold Corp. ("TNR") (TSX VENTURE:TNR) and wholly-owned International Lithium Corp. ("ILC") (TSX VENTURE:ILC)(TSX VENTURE:ILC.WT) (jointly the "Company") are pleased to announce effective at the opening May 24, 2011, the Shares and Warrants of ILC will commence trading on TSX Venture Exchange.

Key Highlights:

* At the opening on May 24, 2011, International Lithium Corp. will commence trading on the TSX Venture Exchange under the trading symbol ILC;
* Newest Lithium and Rare Metals public company possessing a highly regarded drill ready portfolio of projects;
* 65,901,354 common shares of ILC will be issued and outstanding, of which 27,230,087 common shares will be escrowed;
* Notable share owners of ILC are TNR at 29%, Jiangxi Ganfeng Lithium Co. Ltd. at 9.99% and Non-Executive Chairman Kirill Klip at 10.5%; and
* 12,243,500 Units of ILC sold in related financing for gross proceeds of $3,060,875 representing an over-subscription of 2,243,500 Units.

International Lithium Corp. (TSX VENTURE:ILC) New Listing

Effective at the opening on May 24, 2011, the Shares and Warrants of International Lithium Corp. will commence trading on the TSX Venture Exchange under the trading symbol ILC upon successful completion of a Plan of Arrangement involving a restructuring of TNR Gold's business and assets in order to spin-out its lithium and rare metals mineral property interests.

In order to complete the Plan of Arrangement, a minimum raise of $2.5 million was initiated to provide ILC with sufficient operating and administration funds to satisfy Exchange requirements for listing (the "Financing"). The Financing consisted of units in ILC offered at a price of $0.25 per unit with each unit consisted 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 $0.375 for a period of two years from the date of closing ("ILC Units").

Due to the increased level of demand, 12,243,500 Units of ILC were purchased in the Financing for gross proceeds of $3,060,875 representing an over-subscription of 2,243,500 Units or $560,875. At listing, ILC will have 65,901,354 common shares issued and outstanding, of which 27,230,087 common shares will be escrowed.

Notable Share Owners of ILC at listing include:

1. TNR at 29% through property disbursements and a 2,000,000 Unit participation in the Financing;
2. Jiangxi Ganfeng Lithium Co. Ltd. ("Ganfeng Lithium"), a leading China based multi-product lithium manufacturer has committed through a Strategic Relationship Agreement to an initial strategic investment consisting of a 9.99% 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; and
3. Non-Executive Chairman Kirill Klip at 10.5% through his previous equity stake in TNR and a 1,000,000 Unit participation in the Financing.

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 4 months in accordance with applicable securities laws.

International Lithium Corp. Project Summary

Benefiting from the early acquisition of select high potential lithium brine and hard rock rare metals pegmatite properties through TNR, ILC at its initiation possesses a robust portfolio of projects staged for aggressive exploration.

The Mariana lithium brine project in Argentina, covering an expansive 160 square kilometres, revealed highly compelling geochemistry from a cursory investigation, reporting average grades of 440 mg/l lithium and 12,700 mg/l potassium. The potassium levels were unexpected and represent one of the highest grades comparative to any of the neighbouring salars outside of the world class operation on the Atacama salar. Shortly following listing, preparation is to commence for a phase 1 drill program with the objective to identify and isolate separate brine horizons for a first-time representative characterization of the subsurface brine geochemistry. Subsequent drilling will continue to delineate and add to the confidence level of the geochemistry of the subsurface brine pool with an Inferred Resource estimate targeted for early next year. The Mariana project is expected to experience the most rapid advancement of any of the projects within the current ILC portfolio.

ILC holds three additional lithium brine properties in Nevada (Fish Lake, Runway and Sarcobatus Flats) located in adjacent valleys to the Silver Peak operation in Clayton Valley, the sole lithium brine producer in North America which has been in operation since 1966. This past year, in an integrated regional lithium exploration approach using geochemical and basin modeling utilizing a detailed gravity survey, ILC identified multiple drill targets across all three properties. These targets exhibit analogous geological features which provided both a source and trap for the lithium brines currently extracted at Silver Peak. In 2011, ILC is planning to mobilize a drill to all three properties, target the lithium brine aquifers within the stratigraphy and test their viability.

ILC's property portfolio is well balanced by a number of highly prospective rare metals' hard-rock pegmatite projects that have been selected by ILC's technical experts under stringent guidelines. The key outstanding characteristics shared by all the rare metals' projects are their underexplored nature, excellent accessibility, under-analyzed rare metals' history, initial high confidence level that additional exploration will add project value and ultimately the potential to develop the projects to address the global technological growth in demand for the rare metals' suite of elements.

Highlighting these rare metals' projects is the Moose property located near the shore of Great Slave Lake in the NWT which was a minor lithium and tantalum producer in the 1950's with reported production of 119 tonnes of lithium ore and an estimated 4,409 tonnes of high grade tantalum-niobium ore. The 2010 exploration program was limited as to exposure, however a channel sample returned 1.50 wt% Li2O over 7.5 metres confirming the continuity of high grade lithium across substantial widths within the pegmatite and a muck pile returned 8.44 wt% Li2O indicating that the source pegmatite is highly evolved and underscores the future potential of the property. In support of the untested potential, the historic exploration and mining did not penetrate below the 25 metre mark or extend beyond the local workings.

In addition, surface exploration on the Mavis Lake rare metals' project, located 15 km Northeast of Dryden, Ontario, revealed high-grade well-evolved lithium and tantalum zonation as well as significant levels of cesium and rubidium across multiple pegmatite bodies. Both the Moose and Mavis Lake projects are clearly emerging as premier multi-element rare metals projects and warrant drill programs in 2011 to determine their potential.

Potentially overshadowing the other rare metals projects is the Blackstairs project in Ireland consisting of eight prospecting licenses totaling 292 square kilometres hosting an extensive lithium pegmatite belt extending for more than 50kms. Historical exploration has been highly localized with reported boulder occurrences suggesting potentially large undiscovered pegmatites. The pegmatites that have been observed reveal well developed internal zoning reflecting strong fractionation and multi-rare-metals mineralizing potential.

The merits of ILC's portfolio of lithium and rare metal projects, particularly the Mariana, have garnered significant interest from retailers, institutions and international investors. A dedicated effort has been expended this past year prior to listing in the establishment of a strong network of interested parties. Significant advancement of ILC's projects through 2011 in conjunction with the progression of the lithium and rare metals' sectors will potentially have a marked effect on ILC in the coming period.

ABOUT TNR GOLD CORP. / INTERNATIONAL LITHIUM CORP.

TNR is a diversified international mineral exploration company focusing on the advancement of existing properties and identifying and acquiring new prospective projects. TNR has a portfolio of 18 active projects, of which 9 rare metals projects, including Mariana, will be held or optioned to TNR's wholly owned subsidiary ILC upon completion of the Plan of Arrangement.

The objective of the Plan of Arrangement is to spin-out TNR's rare metals property interests into a separate public company, ILC. The Plan of Arrangement has been approved by TNR's shareholders, the courts of British Columbia and the TSX Venture Exchange. For further details of the spin-out, please visit International Lithium's website and TNR's information circular dated May 10, 2010 which is available on the SEDAR website at www.sedar.com.

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

On behalf of the board,

Mike Sieb

President – International Lithium Corp.

COO – TNR Gold Corp.

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.

TNR Gold Corp.

CUSIP: #87260X 109

SEC 12g3-2(b): Exemption #82-4434

International Lithium Corp.

Shares CUSIP: #459820 10 6

Warrant CUSIP: #459820 11 4

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.


12 may 2011

TNR Gold Corp.: International Lithium Corp. Spin-Out Record Date Set


VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 12, 2011) -TNR Gold Corp. ("TNR") (TSX VENTURE:TNR) and wholly-owned International Lithium Corp. ("ILC") (jointly the "Company") are pleased to announce the TSX Venture Exchange has approved the Company's Plan of Arrangement involving the spin-out of TNR's lithium and rare metals property interests into a separate public company, ILC. The Plan of Arrangement will close and be given effect on May 19, 2011 (the "Record Date") [Note 1].

Key Highlights:

* TSX Venture Exchange approves the Company's Plan of Arrangement, 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; and
* 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 10,000,000 ILC common shares and 10,000,000 ILC share purchase warrants, each whole ILC share purchase warrant exercisable to acquire one additional share of ILC at $0.375 per share for two years ("ILC Warrants").
* Concurrent with the closing of the Plan of Arrangement, ILC will exercise the Mariana Option Agreement whereby, ILC will acquire a 100% 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 $1,000,000 shall be payable through the issuance of 7,000,000 ILC common shares and 7,000,000 ILC Warrants, and the balance of which shall be payable in cash.
* Every TNR shareholder will exchange its common shares in TNR for one (1) new common share of TNR and one-quarter of one (0.25) common share of ILC and one-quarter of one (0.25) ILC Warrant.
* TNR warrant holders will receive on exercise of each warrant one new common share of TNR and one-quarter of one (0.25) 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 (1) new common share of TNR and one-quarter of one (0.25) common share of ILC and one-quarter of one (0.25) 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 (the "Financing") 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 $0.25 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 $0.375 for a period of two years from the date of closing ("ILC Units"). 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 4 months in accordance with applicable securities laws.

Jiangxi Ganfeng Lithium Co. Ltd. ("Ganfeng Lithium"), a leading China based multi-product lithium manufacturer has committed through a Strategic Relationship Agreement to an initial strategic investment consisting of a 9.9% 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.

ABOUT TNR GOLD CORP. / INTERNATIONAL LITHIUM CORP.

TNR is a diversified international mineral exploration company focusing on the advancement of existing properties and identifying and acquiring new prospective projects. TNR has a portfolio of 18 active projects, of which 9 rare metals projects, including Mariana, will be held or optioned to TNR's wholly owned subsidiary ILC upon completion of the Plan of Arrangement.

The objective of the Plan of Arrangement is to spin-out TNR's rare metals property interests into a separate public company, ILC. The Plan of Arrangement has been approved by TNR's shareholders, the courts of British Columbia and the TSX Venture Exchange. For further details of the spin-out, please visit International Lithium's website and TNR's information circular dated May 10, 2010 which is available on the SEDAR website at www.sedar.com.

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

On behalf of the board,

Mike Sieb

President – International Lithium Corp.

COO – TNR Gold Corp.

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

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.


8 sept 2010

TNR Gold Corp.: 33% Increase in Project Area to 160 Square Kilometres, Mariana Lithium Brine Project, Argentina


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2010) - TNR Gold Corp. ("TNR") (TSX VENTURE:TNR) and wholly-owned International Lithium Corp. ("ILC") (jointly the "Company") are pleased to announce the granting of an additional 4,000 hectare claim at the Mariana lithium brine project in Salta province, northwestern Argentina.

Key Highlights:

* 40 sq km (4,000 hectares) claim granted adjacent to the east and south of Mariana claim group;
* 33% increase in project area to 160 sq kms (16,000 hectares);
* New claim secures prospective land area for potential future processing plant facility; and
* $1 million drill program planned fourth Quarter 2010.

About the Mariana Project

The Mariana project, a lithium-boron-potassium salar, consists of several contiguous mineral claims covering a 160 km2 project area that strategically encompasses the entire salar and now includes a significant portion of the surrounding area to provide prospective land for a potential future processing plant facility. 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 2 kilometre grid pattern. The majority of samples within the main 10 by 15 kilometre body of the salar returned values between 250-650 mg/L lithium. These lithium concentration levels are comparable to early stage results from producing salars in North and South America. In addition, the Company has conducted systematic sampling around the salar to characterize inflows and identify distinct geochemical as well as structural zones in the salar.

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, b) identification of the stratigraphy for a geological model of the salar, c) identification and characterization of the aquifer potential of the basement of the salar, and d) establish a weather station and collect data on evaporation characteristics. The Company's intent is to utilize this drill program as a first step towards a resource classification of the brine.

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

John Harrop, P.Geo, 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 GOLD CORP. / INTERNATIONAL LITHIUM CORP.

The Company is a diversified international metals exploration company focusing on the continued advancement of existing properties and identifying and acquiring new prospective projects. The Company has a portfolio of 18 active projects, of which 9 rare metals projects, including Mariana, will be held or optioned to the Company's wholly owned subsidiary International Lithium Corp upon completion of a proposed plan of arrangement.

The objective of the proposed plan of arrangement is to spin out the Company's rare metals property interests into a separate public company, International Lithium Corp. This proposed plan of arrangement has been approved by the Company's shareholders and the courts of British Columbia. The Company will now proceed with the spin out and will provide updates on the progress of the spinout in further news releases. For further details of the spinout, please refer to Stockwatch news dated May 26, 2010, or visit International Lithium's website.

The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the combined 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

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.

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
or
International Lithium Corp.
info@internationallithium.com
www.internationallithium.com


6 ago 2010

TNR Gold Corp.: $1 Million Drill Program Planned Mariana Lithium Brine Project, Argentina


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 5, 2010) - TNR Gold Corp. ("TNR") (TSX VENTURE:TNR) and wholly-owned International Lithium Corp. ("ILC") (jointly the "Company") are pleased to announce the plan for the forthcoming drill program at the Mariana lithium brine project in northwestern Argentina.

Key Highlights:

* $1 million drill program planned at Mariana commencing fourth quarter 2010; and
* 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 Corp. states. "Observations to date continue to support the potential of the project and we remain fully committed in this endeavor."

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, b) 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 towards 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 km2 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 2 kilometre grid pattern. The majority of samples within the main 10 by 15 kilometre body of the salar returned values between 250-650 mg/L lithium. These lithium concentration levels are comparable to early stage results from producing salars in North and South America.

Following this, a 3-hole exploratory drill program and the associated construction of 6" 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 favored 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 Corp. "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 alternate 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 g/cm3, significantly higher than fresh water, resulting in the relationship: mg/L = 1.21 * ppm.

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

John Harrop, P.Geo, 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 GOLD CORP. / INTERNATIONAL LITHIUM CORP

The Company is a diversified international metals exploration company focusing on the continued advancement of existing properties and identifying and acquiring new prospective projects. The Company has a portfolio of 18 active projects, of which 9 rare metals projects, including Mariana, will be held or optioned to the Company's wholly owned subsidiary International Lithium Corp upon completion of a proposed plan of arrangement.

The objective of the proposed plan of arrangement is to spin out the Company's rare metals property interests into a separate public company, International Lithium Corp. This proposed plan of arrangement has been approved by the Company's shareholders and the courts of British Columbia. The Company will now proceed with the spin out and will provide updates on the progress of the spinout in further news releases. For further details of the spinout, please refer to Stockwatch news dated May 26, 2010, or visit International Lithium's website.

The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the combined 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

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.

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
or
International Lithium Corp.
info@internationallithium.com
www.internationallithium.com