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TNR Gold Corp. La Ortiguita Drill Program Expanded By 60%
Published : April 08, 2011
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Mots clés associés :   Canada | Copper | Lithium |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 8, 2011) - TNR Gold Corp. (the "Company") (TSX VENTURE:TNR) is pleased to announce La Mancha Resources Inc ("La Mancha"), the Company's joint venture partner on and Operator for the project, has decided to expand and continue the drill program on the La Ortiguita porphyry copper-gold/epithermal gold property, San Juan province, Argentina.

Key Highlights:

  • Drill program expanded by 60% at La Ortiguita on positive identification of potential;
  • Assays Pending; and
  • Representative example of the Company's Joint Venture Business Model.

ONGOING EXPLORATION PROGRAM

Initially a 1,500 metre diamond drilling program was planned on the 'Silicified Zone' however due to the majority of the completed drill holes intersecting prospective altered rock and depositional textures potentially indicating an external halo of an epithermal low sulfidation system, the current program was increased to 2,400 metres. Assay results are pending.

In addition, an IP Resistivity survey was also completed over the 'Silicified Zone' in order to complement the previous magnetic survey and provide a better understanding of the geophysical response in the area as well as assist in target delineation.

ABOUT THE LA ORTIGUITA PROPERTY

The La Ortiguita property lies on the El Indio trend, close to Barrick Gold's giant Pascua-Lama and Veladero deposits. Exploration conducted thus far has targeted a porphyry copper-gold/epithermal gold system and has identified five distinct target areas for continued exploration referred to as the Zona Norte, Rio Blanco, Pablo, Pancho and the Silicified Zone. The Silicified Zone, the focus of the current exploration program, consists of an arcuate band of silicification approximately 300 to 400 m wide, extending over 1.5 km in length and is associated with an approximately 50 m wide shear zone.

In 2010, La Mancha carried out a 3,000 metre reverse-circulation drilling campaign on the property to assess the targets identified by geophysical and geochemical surveys conducted between 2007 and 2009. The 2010 program highlighted the potential of the Silicified Zone and following a strong recommendation to further evaluate the Silicified Zone evolved into the current exploration program.

To date, La Mancha has earned a 42.66% interest in the property and has an option to acquire a 75% undivided interest in the La Ortiguita property by spending $800,000 in exploration expenditures in 2011.

ABOUT TNR GOLD 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 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.

TNR Gold Corp.
Gary Schellenberg
President
(604) 687-7551 or 1-800-667-4470
(604) 687-4670 (FAX)
info@tnrgoldcorp.com
www.tnrgoldcorp.com
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

TNR Gold Corp

EXPLORATEUR
CODE : TNR.V
ISIN : CA87262G1046
CUSIP : 87260X 109
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TNR est une société développant des projet miniers d'or basée au Canada.

TNR détient divers projets d'exploration en Argentine.

Ses principaux projets en exploration sont MOOSE 2, FISH LAKE VALLEY, MUD LAKE BASIN, FORGAN LAKE, NIEMI LAKE, ILLIAMNA - BRISTOL et MAVIS LAKE au Canada, BLACKSTAIRS en Irlande et NORTHERN PROPERTIES, MARIANA (TNR), BATIDERO GOLD, LA CAROLINA, LAS CARACHAS, LA ORTIGA, EL TAPAU, EL SALTO ARGENTINA, EUREKA ARGENTINA, SHOTGUN et LOS AZULES ARGENTINA en Argentine.

TNR est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 7,5 millions CA$ (6,0 millions US$, 5,2 millions €).

La valeur de son action a atteint son plus haut niveau récent le 15 juin 2001 à 0,85 CA$, et son plus bas niveau récent le 06 novembre 2015 à 0,01 CA$.

TNR possède 149 820 000 actions en circulation.

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