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TNR Gold Corp. Completes Resource Estimate at Shotgun Gold Project, Alaska
(via Thenewswire.ca) Vancouver, British Columbia - April 22, 2013 -- TNR Gold Corp. ("TNR",...
About this update from Tnr Gold Corp.
[{"type":"text","content":"\nTNR Gold Corp. Completes Resource Estimate at Shotgun Gold Project, Alaska\n\n(via Thenewswire.ca)\n \n \nVancouver, British Columbia - April 22, 2013 -- TNR Gold Corp. (\"TNR\", \"TNR Gold\" or the \"Company\") reports the completion of a resource estimate at the Shotgun Gold project in Alaska. The Shotgun Ridge prospect contains an inferred mineral resource of 20,734,313 tonnes at 1.06 grams per tonne (\"g/t\") for a total of 705,960 ounces gold (\"Au\") using a 0.5 g/t Au cut-off. The inferred mineral resource estimate is prepared in compliance with the standards of disclosure as set out in NI 43-101 by Allan Armitage, PhD., P.Geol., of GeoVector Management Inc.\n\n \n \nTNR Gold is targeting a bulk mineable gold deposit at the Shotgun Gold project and is highly encouraged with the recent resource calculation, which is being incorporated into an updated Form 43-101F1 Technical Report, scheduled for filing on SEDAR within 45 days of this release.\n\n \n \nThe Shotgun project contains several gold targets, with most of the historic work having been carried out at Shotgun Ridge. The results of this resource estimate are an indicator to the Company that the Shotgun Ridge may prove up additional resources with further drilling. A table of the resource estimates at select cut-off grades is given below.\n\n \n \nShotgun Resource Estimate - modelled at an ~ 0.3 to 0.5 g/t cut-off.\n\n \n \n\n -------------------------------------------\n |Au Cut-off|Tonnes |Grade (g/t)|Ounces |\n |-----------------------------------------|\n |0.3 g/t |24,509,842|0.96 |759,442|\n |-----------------------------------------|\n |0.5 g/t |20,734,313|1.06 |705,960|\n |-----------------------------------------|\n |0.7 g/t |14,779,225|1.24 |590,600|\n |-----------------------------------------|\n |1.0 g/t |9,101,458 |1.49 |437,365|\n -------------------------------------------\n\n \n \nThe Company believes that the reported grade of 1.06 g/t Au at a 0.5 g/t Au cut-off is a realistic target for continued resource expansion and that this grade and cut-off combination is in line with other bulk mineable gold deposits in the region. Based on the recently identified structural model of mineralization and associated geophysical signatures that are duly coincident with the mineral resource shell and the mineralization model parameters, there are several targets a...