VANCOUVER, British
Columbia, Sept. 13,
2012 /PRNewswire/
-- TNR Gold Corp.
("TNR" or the "Company") (TSXV:
TNR) 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 Results
Diamond 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 Project
TNR 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. (TSXV:ILC.V) ("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 Schellenberg
President
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:TSXV
CUSIP: #87260X 109
SEC 12g3-2(b): Exemption #82-4434
620 - 650 West Georgia Street
Vancouver, British Columbia
V6B 4N9, Canada
Voice: (604) 687-7551
Fax: (604) 687-4670
1-800-667-4470
E-mail:
info@tnrgoldcorp.com
Website:
http://www.tnrgoldcorp.com
Twitter:
@TNR_Gold
SOURCE TNR Gold Corp.