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PI Financial Corp. Engaged as Financial Advisor for Sale of TNR Gold's Back-in Right to the Los Azules Copper Project, Argentina
(via Thenewswire.ca) Vancouver B.C., May 08, 2013: TNR Gold Corp. (the "Company" or "TNR") ...
About this update from Tnr Gold Corp.
[{"type":"text","content":"\nPI Financial Corp. Engaged as Financial Advisor for Sale of TNR Gold's Back-in Right to the Los Azules Copper Project, Argentina\n\n(via Thenewswire.ca)\n \n \nVancouver B.C., May 08, 2013: TNR Gold Corp. (the \"Company\" or \"TNR\") Is pleased to announce that it has retained the services of PI Financial Corp. to provide financial advice regarding the sale of its back-in right to the northern portion of the Los Azules copper project in Argentina. TNR has a back-in right (TNR press release February 5, 2013) allowing it to acquire a 25% interest in certain mineral concessions at Los Azules that includes the northern portion of the deposit (the \"Northern Portion\").\n\n \n \nLos Azules is an advanced stage copper porphyry project owned and operated by McEwen Mining Inc. (TSX:MUX; NYSE:MUX) (\"McEwen Mining\" or \"McEwen\"), who describe the project in news releases as \"one the world's largest, highest copper grade, undeveloped porphyry deposits not controlled by a major base metal mining company.\" The Company advises that McEwen has published news releases and reports, which are filed on SEDAR at http://www.sedar.com, that describe a resource both on and adjacent to the area subject to TNR's back-in right. The total published resource, for which TNR's back-in right includes an undetermined portion, consists of an indicated resource of 310 million tonnes grading 0.65% Cu and an inferred resource of 1,302 million tones grading 0.49% Cu (using a 0.35% Cu cut off grade).\n\n \n \n\"I welcome the opportunity to monetize our back-in right. We have an asset portfolio that will greatly benefit from the sale of the Los Azules asset. For example, the development of our Shotgun project which our team is ready to further develop and explore the gold resources upon,\" states Mr. Kirill Klip, Non-Executive Chairman of TNR. \"It was for the potential of the Los Azules project and TNR's ability to identify top quality projects at an early stage of development, that I became involved in the company.\"\n\n \n \nTNR has no ownership of the Los Azules Project prior to exercise of the back-in Right and as such presents information about the project as that of independently published information regarding the entire property. TNR encourages its shareholders to read news releases and reports issued by McEwen Mining to gain a better understanding of...