TNR Gold seeks a Shotgun partnership

TNR Gold seeks a Shotgun partnership

TNR Gold Corp. Aug. 24 reported that it’s finishing up an exploration program this 12 months on the Shotgun gold venture in Southwest Alaska.

Situated about 110 miles south of the 39-million-ounce Donlin Gold mine venture and about the identical distance northeast of the Pebble copper-gold-molybdenum venture, this property lies on the intersection of two traits identified to host massive deposits.

TNR optioned Shotgun from Novagold Assets Inc. in 2002 and gained full possession of the property in 2010. The corporate subsequently granted 10% possession of the Southwest Alaska gold property to a personal backer of the corporate.

In keeping with a calculation accomplished in 2013, Shotgun hosts 20.73 million metric tons of inferred useful resource averaging 1.06 grams per metric ton (705,960 oz) gold.

TNR’s main technique for Shotgun is to draw a accomplice to maneuver the gold venture ahead.

“TNR Gold has efficiently consolidated and up to date its mining claims in Alaska and is actively introducing the venture to events,” stated TNR Gold CEO Kirill Klip.

The corporate’s 2022 discipline program will examine geochemical and geophysical anomalies related to Shotgun Ridge, which hosts the useful resource, and Winchester, one other prospect on the property.

TNR Gold Corp.

“There’s a clear path on learn how to transfer this venture ahead utilizing the geological and geophysical analysis at present out there to focus on drilling to develop the useful resource,” stated Klip.

“The following step is to amass a accomplice that shares our imaginative and prescient and acknowledges the expansion potential and worth to be added to the Shotgun Gold Venture over time.”

Within the meantime, TNR is constant to shift its focus away from gold and towards constructing a inexperienced vitality metals royalty firm.

Along with Shotgun, TNR holds a 0.36% web smelter return royalty on the Los Azules copper venture in Argentina, which is held by McEwen Copper Inc .; and a 1.8% NSR royalty on the Mariana Lithium property in Argentina, which is being superior by a three way partnership owned by Ganfeng Lithium Co. Ltd. (87.2%) and Worldwide Lithium Corp. (12.8%).

Over his greater than 14 years of overlaying mining and mineral exploration, Shane has turn out to be famend for his potential to report on the sector in a approach that’s technically sound sufficient to tell trade insiders whereas being simple to know by a wider viewers.

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