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TNR Gold Reports on Royalty Holding: Ganfeng Provides Technical Report with Increase of Measured + Indicated Resource to 4.41 Million Tonnes LCE at Mariana Lithium Brine Project
Vancouver, British Columbia--(Newsfile Corp. - February 12, 2020) - TNR Gold Corp. (TSXV: T...
About this update from Tnr Gold Corp.
[{"type":"text","content":"TNR Gold Reports on Royalty Holding: Ganfeng Provides Technical Report with Increase of Measured + Indicated Resource to 4.41 Million Tonnes LCE at Mariana Lithium Brine ProjectVancouver, British Columbia--(Newsfile Corp. - February 12, 2020) - TNR Gold Corp. (TSXV: TNR) (\"TNR\", \"TNR Gold\" or the \"Company\") is pleased to announce that, further to the Company's news release dated April 24, 2019, International Lithium Corp. (TSXV: ILC) (\"ILC\") issued a news release on February 6, 2020 related to the Mariana Lithium project in Salta Province, Argentina. TNR Gold holds a 1.8% Net Smelter Returns (\"NSR\") Royalty on the Mariana Lithium project.The news release issued by ILC stated, \"ILC is pleased to announce the receipt of a technical report from strategic partner Ganfeng Lithium Co. Ltd., (\"GFL\") and (GFL and ILC together the \"Companies\"), that contains an updated mineral resource estimate for the Mariana lithium brine project (the \"Project\") located in Salta, Argentina.HighlightsThe resource estimate contained in the technical report, detailed in the table below, includes:4,410,000 tonnes of lithium carbonate (\"Li2CO3\") equivalent (LCE) in the Measured and Indicated Resource categories, an increase of 253% over the 2017 estimate of 1,248,000 tonnes of Indicated Resource;49,700,000 tonnes of potash (\"KCl\") equivalent in the Measured and Indicated Resource categories; andan additional 786,000 tonnes of Li2CO3 and 9,260,000 tonnes KCl in the Inferred Resource category.The weight of contained lithium within the Measured and Indicated Resources represents a 253% increase over the 2017 Mineral Resource estimate, and the contained lithium within the Inferred Resources represents a 32% increase over the 2017 figures.Technical Report - Mariana Lithium Brine Project, ArgentinaILC received a technical report for the Mariana lithium brine project containing an update to the maiden resource estimate for the Project. Geos Mining Minerals Consultants (\"Geos\") based in Sydney, Australia prepared an independent lithium brine resource estimate for the Mariana lithium brine deposit in Argentina and prepared the technical report in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (the \"Technical Report\").The Technical Report, entitled, \"Update of Lithium Brine Mineral Resources; Marian...