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TNR Gold NSR Royalty Update - Los Azules Copper, Gold & Silver Project - McEwen Copper Latest Assays Results
Vancouver, British Columbia--(Newsfile Corp. - July 17, 2023) - TNR Gold Corp. (TSXV: TNR) ("...
About this update from Tnr Gold Corp.
[{"type":"text","content":"TNR Gold NSR Royalty Update - Los Azules Copper, Gold & Silver Project - McEwen Copper Latest Assays ResultsVancouver, British Columbia--(Newsfile Corp. - July 17, 2023) - TNR Gold Corp. (TSXV: TNR) (\"TNR\", \"TNR Gold\" or the \"Company\") is pleased to announce that McEwen Mining Inc. (\"McEwen Mining\") has provided an update on the Los Azules copper, gold and silver project in San Juan, Argentina. TNR holds a 0.4% net smelter returns royalty (\"NSR Royalty\") (of which 0.04% of the 0.4% NSR Royalty is held on behalf of a shareholder) on the Los Azules Copper Project. The Los Azules project is held by McEwen Copper Inc. (\"McEwen Copper\"), a subsidiary of McEwen Mining.The news release issued on July 12, 2023, by McEwen Mining stated:\"McEwen Copper Inc., 52% owned by McEwen Mining Inc., today reports additional copper values over wide intercepts resulting from drilling performed on its Los Azules project, located in San Juan, Argentina. McEwen Copper recently published an updated Preliminary Economic Assessment (PEA) on a copper leaching phase of development (see release dated June 20, 2023). Infill and other resource drilling completed since the PEA model data cut-off date confirm very good alignment of new assay results to the resource model prediction for the same area. Also, copper grade continuity modeled in the core of the deposit is well-supported by core logging and new assay results. Los Azules is a large copper-gold-silver porphyry deposit with growth potential, it has many features comparable to world-class copper-gold deposits in South America and its depth and lateral extent have not yet been determined. Infill drilling serves several purposes: providing better data density to upgrade confidence in the mineral resources, providing material and data for metallurgical, geotechnical, and hydrological studies.Significant Intercept 398 m of 0.75% Cu, including 124 m of 1.43% Cu (Hole AZ23220)Table 1 provides an overview of the latest round of copper (Cu), gold (Au) and silver (Ag) assays.HighlightsHole AZ23220 intercepted an Enriched zone of 398 meters (m) grading 0.75% Cu (est. true thickness) and includes a sub-interval of 124 m grading 1.43% Cu. (Figure 3)Hole AZ23218 intercepted an Enriched zone of 202 m grading 0.63% Cu (est. true thickness) contained within an overall intercept of 239.2 m grading 0.59% Cu. (F...