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TNR Gold Corp. Advises of McEwen Mining's Increased Resource Estimate for Los Azules Copper Project
(via Thenewswire.ca) Symbol: TNR:TSXV CUSIP: #87260X 109 SEC 12g3-2(b): Exemption #82-443...
About this update from Tnr Gold Corp.
[{"type":"text","content":"\nTNR Gold Corp. Advises of McEwen Mining's Increased Resource Estimate for Los Azules Copper Project\n\n(via Thenewswire.ca)\n\n \nSymbol: TNR:TSXV\nCUSIP: #87260X 109\nSEC 12g3-2(b): Exemption #82-4434\n\n \n \nVancouver B.C., May 16, 2013: TNR Gold Corp. (the \"Company\" or \"TNR\") advises that McEwen Mining Inc. (NYSE:MUX, TSX:MUX) (\"McEwen Mining\") has issued a news release dated May 15, 2013 in relation to the Los Azules Copper Project in San Juan Province, Argentina. TNR holds a 25% back-in right, exercisable upon the completion of a feasibility study, on the northern part of the Los Azules property.\n\n\n \nThe news release issued by McEwen Mining summarizes an updated mineral resource estimate completed on the property. In their press release McEwen Mining states, \"Key developments include the successful conversion of inferred resources into the indicated category while increasing the size of the resource. The resource remains open along strike, to depth, and laterally.\" The news release is available at SEDAR http://www.sedar.com and on http://www.mcewenmining.com. TNR encourages its shareholders to read the press release issued by McEwen Mining to gain a better understanding of the work performed and the potential impacts this will have on the project. McEwen Mining has also stated that an updated preliminary economic assessment (\"PEA\") will be completed later this year that will utilize the expanded resource and \"will evaluate the possibility of: (1) increasing the daily throughput; (2) producing copper cathode instead of a concentrate and (3) processing low-grade mineralized material not previously considered, via a heap leach\".\n\n\n \nMcEwen Mining's press release appears to be prepared by Qualified Persons and the procedures, methodology and key assumptions disclosed therein are those adopted and consistently applied in the mining industry, but no Qualified Person engaged by TNR Gold Corp. has done sufficient work to analyze, interpret, classify or verify McEwen Mining's information to determine the current mineral reserve or resource or other information referred to in the press release. Accordingly, the reader is cautioned in placing any reliance on the disclosures therein.\n\n\n \nABOUT LOS AZULES\n\n\n \nThe Company has a 25% back-in right in the northern portion of the Los Azules property which is ex...