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TNR GOLD CONTESTS DRILLING BY MINERA ANDES ON ESCORPIO IV PROPERTY, ARGENTINA
(via Thenewswire.ca) Vancouver B.C.: TNR Gold Corp. (the "Company") and wholly owned subsidia...
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[{"type":"text","content":"\nTNR GOLD CONTESTS DRILLING BY MINERA ANDES ON ESCORPIO IV PROPERTY, ARGENTINA\n\n(via Thenewswire.ca)\n\n \nVancouver B.C.: TNR Gold Corp. (the \"Company\") and wholly owned subsidiary Compañía Minera Solitario Argentina S.A. (\"Solitario\") announce that on June 27, 2011, the Company and Solitario became aware of a press release entitled \"Minera Andes Reports Drill Results and Development Update for the Los Azules Copper Project\" (the \"Press Release\"), published and disseminated by Minera Andes Inc. (\"MAI\"), in which MAI announces it has conducted a series of drill holes on a mineral property called Escorpio IV, which they describe as a \"contested concession\".\n\n\n \nKey highlights with expanded details below:\n\n\n \n-Solitario is the registered owner of the Escorpio IV mineral concession;\n\n\n \n-MAI publicly reports drilling on Escorpio IV;\n\n\n \n-MAI's action is without Solitario's consent and implies an infringement to Solitario's mineral property rights; and\n\n\n \n-The Company will investigate and determine appropriate legal actions.\n\n\n \nTo such effect, Solitario communicates and clarifies the following:\n\n\n \n1. Although the mineral property called \"Escorpio IV\" is the subject of a legal dispute in British Columbia, at present, and for the purposes of the Ministry of Mines, San Juan Province, Argentina (the \"Ministry of Mines\"), it is exclusively owned by Solitario.\n\n\n \n2. Notwithstanding that Solitario is the registered owner; at no time did MAI seek or obtain Solitario's consent to conduct any of the drilling on Escorpio IV that is referenced in the Press Release.\n\n\n \n3. Such drilling activities imply an infringement to the mineral property rights of Solitario.\n\n\n \n4. In view of the foregoing, on July 15, 2011, a Notarial Acknowledgement Record was filed to put on record the existence of the above mentioned Press Release and its contents.\n\n\n \n5. On August 17, 2011, Solitario informed the Ministry of Mines of the facts outlined above and requested an investigation on MAI thereof and its responsibilities.\n\n\n \n6. Furthermore, in November 2011, once access to Escorpio IV is available, Solitario will verify through a Notary Public, the existence or otherwise of the \"drill holes\" published by MAI.\n\n\n \n7. Depending on the results obtained through these measures, So...