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TNR Gold NSR Royalty Update on McEwen Los Azules Copper, Gold and Silver Project - New Assay Results
Vancouver, British Columbia--(Newsfile Corp. - May 9, 2023) - TNR Gold Corp. (TSXV: TNR) (" T...
About this update from Tnr Gold Corp.
[{"type":"text","content":"TNR Gold NSR Royalty Update on McEwen Los Azules Copper, Gold and Silver Project - New Assay ResultsVancouver, British Columbia--(Newsfile Corp. - May 9, 2023) - TNR Gold Corp. (TSXV: TNR) (\"TNR\", \"TNR Gold\" or the \"Company\") is pleased to announce an update from McEwen Mining Inc. (\"McEwen Mining\") 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. Los Azules is held by McEwen Copper Inc. (\"McEwen Copper\"), a subsidiary of McEwen Mining.The news release issued by McEwen Mining stated:\"TORONTO, May 05, 2023 (GLOBE NEWSWIRE) -- McEwen Copper Inc., 52%-owned by McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), today reports the latest assay results from Los Azules, where an ongoing infill drilling program continues to delineate copper mineralization in the core of the deposit. 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, and potentially defining higher grade mineralization by drilling inclined holes across vertical structures (such as breccias).\"Located in San Juan, Argentina, the Los Azules Project has many features comparable to world-class copper-gold deposits in South America, including a thick blanket of higher-grade Enriched mineralization.Significant Infill Intercepts231 m of 0.97% Cu, including 188 m of 1.09% Cu (AZ22182A)550 m of 0.50% Cu, including 216 m of 0.72% Cu (AZ23196) HighlightsHole AZ22182A intercepted an Enriched zone of 231 m of 0.97% Cu (est. true thickness) and a Primary zone with mineralization that remains \"open\" at depth.Hole AZ23196, returned an overall intercept of 550 m of 0.50% Cu (est. true thickness) and included 216 m of 0.72% Cu within the Enriched zone portion.Drilling completed during the current season to April 30th stands at 32,758 m in 125 holes, having exceeded the 25,000 meters initially planned. Drilling will continue until the end of the field season in May and will resume in October, at the end of winter in Argentina.Table 1 summarizes recent copper (Cu), gold (Au) and silver (Ag) assay results.Figure 1 presents a plan view of the...