Business
TNR GOLD CORP. PROVIDES CORPORATE UPDATE
Dec. 23, 2010 (TheNewswire.ca) -- Vancouver B.C.: TNR Gold Corp. (TSXV:TNR) ("TNR" or the "C...
About this update from Tnr Gold Corp.
[{"type":"text","content":"\nTNR GOLD CORP. PROVIDES CORPORATE UPDATE\n\n\n Dec. 23, 2010 (TheNewswire.ca) -- Vancouver B.C.: TNR Gold Corp. (TSXV:TNR) (\"TNR\" or the \"Company\") is pleased to provide a summary and review of the corporate highlights reported in 2010 and the anticipated milestones to watch for in 2011.In 2010, TNR focused on unlocking the value of the enterprise through identifying the critical business units within TNR, reorganizing the corporate structure to support the divisions as individual sustainable corporate entities and laying the foundation for the achievement of their potential.The bulk of the effort was provided to TNR's wholly owned rare metals' focused subsidiary, International Lithium Corp. (\"ILC\") to capitalize on the burgeoning lithium sector and the advent of the electric vehicle. Nine of TNR's 18 active projects will be assigned to ILC upon completion of a plan of arrangement that will see ILC spun out of TNR, fully funded and listed on the TSX Venture Exchange. This year promises to be very exciting with an aggressive field season planned and the anticipation of advancing a few of ILC's premier projects.The Mariana lithium brine project in Argentina, covering an expansive 160 square kilometres, revealed highly compelling geochemistry from a cursory investigation, reporting average grades of 440 mg/l lithium and 12,700 mg/l potassium. The potassium levels were unexpected and represent one of the highest grades comparative to any of the neighbouring salars outside of the world class operation on the Atacama salar. In early 2011, the phase 1 drill program is planned to target and isolate separate brine horizons for a first-time representative characterization of the subsurface brine geochemistry. Subsequent drilling will continue to delineate and add to the confidence level of the geochemistry of the subsurface brine pool with an Inferred Resource estimate targeted for the end of the year.The Mariana project is expected to experience the most rapid advancement of any of the projects within the current TNR portfolio.ILC holds three additional lithium brine properties in Nevada (Fish Lake, Runway1 and Sarcobatus Flats) located in adjacent valleys to the Silver Peak operation in Clayton Valley, the sole lithium brine producer in North America which has been in operation since 1966. This past year, in an integrated region...