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TNR Gold Corp. Advises of McEwen Mining's Updated Preliminary Economic Assessment for the Los Azules Copper Project
(via Thenewswire.ca) Vancouver B.C., September 24, 2013: TNR Gold Corp. (the "Company" or ...
About this update from Tnr Gold Corp.
[{"type":"text","content":"TNR Gold Corp. Advises of McEwen Mining's Updated Preliminary Economic Assessment for the Los Azules Copper Project(via Thenewswire.ca)\n \n \nVancouver B.C., September 24, 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 23 September, 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 preliminary economic assessment (\"PEA\") completed on the property. In their press release McEwen Mining states, \"The results from the PEA demonstrate that Los Azules has the potential to become one of the largest, lowest cost copper mines in the world. In addition, there remains excellent exploration potential to further expand the size of the existing mineral resource.\" The news release is available at SEDAR http://www.sedar.com and on the McEwen Mining website 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.\n\n\n \n \"The new PEA includes plans for producing copper cathode at site, which will greatly reduce export taxes and project risk by eliminating the need for a slurry pipeline,\" stated Rob McEwen, Chief Owner of McEwen Mining Inc.\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 \nIn other news, as the Company continues to cut costs and focus on its core mineral properties, the Company has relinquished the mineral rights and titles to the Iliamna project in Alaska and the Soule's Bay project in Ontario. The Company thank...