Business
TNR Gold NSR Royalty Update on McEwen Los Azules Copper, Gold & Silver Project - Initial Exploration and Solid Delineation Results
Vancouver, British Columbia--(Newsfile Corp. - March 9, 2023) - TNR Gold Corp. (TSXV: TNR) ("...
About this update from Tnr Gold Corp.
[{"type":"text","content":"TNR Gold NSR Royalty Update on McEwen Los Azules Copper, Gold & Silver Project - Initial Exploration and Solid Delineation ResultsVancouver, British Columbia--(Newsfile Corp. - March 9, 2023) - TNR Gold Corp. (TSXV: TNR) (\"TNR\", \"TNR Gold\" or the \"Company\") is pleased to announce that McEwen Mining Inc. (\"McEwen Mining\") provided an exploration 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 Copper Project is held by McEwen Copper Inc., a subsidiary of McEwen Mining.The news release issued by McEwen Mining on March 6, 2023, stated:\"McEwen Copper Inc., 52%-owned by McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), today reports new copper values over extensive widths resulting from infill and step-out exploration drilling at its Los Azules Project. Los Azules is a large porphyry copper-gold-silver deposit with considerable growth potential, where its ultimate depth and lateral extent remain to be determined.The Los Azules project, located in the San Juan province, Argentina, has many attributes comparable to world-class copper-gold deposits in South America. Table 1 provides a summary of the assay results for the two drill holes for copper (Cu), gold (Au) and silver (Ag).Highlights Exploration: 1,052 meters (m) of 0.29% Cu including 480.0 m grading 0.42% Cu(AZ22174), which is coincident with a prominent deep geophysical anomaly and showcases the potential to meaningfully expand Los Azules through exploration.Delineation: 236 m of 1.39% Cu and 0.19 g/t Au, including 42 m of 2.78% Cu (AZ22191) demonstrates strong internal continuity of the high grade mineralization from the current infill program and further de-risks our geological model.\"Strong team performance is accelerating our Los Azules program in 2023,\" commented Michael Meding, Vice President and General Manager of McEwen Copper. \"Exciting results in hole AZ22174 highlight the potential of exploration to create additional value for McEwen Copper, and continuity of mineralization in the infill program is de-risking our mineral resource.\"Drilling Over 13,500 m of drilling were completed between January and May in 2022. Activity at Los Azules restarted i...