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TNR Gold NSR Royalty Update - Los Azules Copper, Gold & Silver Project - McEwen Copper Reports More Post-PEA Assay Results
Vancouver, British Columbia--(Newsfile Corp. - August 3, 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 Reports More Post-PEA Assay ResultsVancouver, British Columbia--(Newsfile Corp. - August 3, 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 August 1, 2023, by McEwen Mining stated:\"TORONTO, Aug. 01, 2023 -- McEwen Copper Inc., 52% owned by McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), today reports additional assay results of the recently completed drilling season at its Los Azules project, located in San Juan, Argentina.Significant Intercept: 386 m of 0.66% Cu, including 196 m of 0.99% Cu (Hole GTK2320)\"These assay results include significant copper values over wide intercepts and demonstrate very good agreement between these new assay results and those predicted by the resource block model used in the 2023 Preliminary Economic Assessment,\" said Rob McEwen, Chairman & Chief Owner.Los Azules is a large copper 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 yet to be determined. Infill drilling serves several purposes, including providing better data density to increase confidence in the mineral resources, along with providing material and data for metallurgical, geotechnical, and hydrological studies.Table 1 provides an overview of the new assay results. This infill drilling has been designed to upgrade the copper resource estimate classification from Inferred to Measured or Indicated.HighlightsHole GTK2320 intercepted an Enriched zone of 386 meters (m) grading 0.66% Cu (est. true thickness) and includes a sub-interval of 196 m grading 0.99% Cu. (Figure 2)Hole GTK2319 intercepted an Enriched zone of 383.5 m grading 0.50% Cu (est. true thickness) and includes a sub-interval of 120 m grading 0.67% Cu. (Figure 3)Hole AZ23237 intercepted an E...