TNR Gold reports significant progress and enhanced valuations at Los Azules project

About this update from Tnr Gold Corp.

[{"type":"text","content":"TNR Gold reports significant progress and enhanced valuations at Los Azules project\n \n \n (NewsDirect)\n \n \n \n \n TNR Gold Corp (TSX-V:TNR, OTC:TRRXF)\nExecutive Chairman Kirill Klip discusses latest developments at the\nLos Azules project in Argentina with Proactive's Stephen Gunnion,\nhighlighting an improved copper recovery rate, significant project\nscale, and future potential.\n \n \n Klip\nstated that TNR Gold is evolving into a green energy metals royalty\nand gold company through its portfolio, which includes a 0.4% net\nsmelter returns (NSR) royalty on the giant Los Azules copper, gold,\nand silver project.\n \n \n Recent results\nfrom McEwen Copper Inc, a subsidiary of McEwen Mining, indicate a 3.2%\nincrease in copper recovery at Los Azules, translating into an\nadditional 172,000 tonnes of copper over the mine's 27-year\nlifespan. Klip also detailed the project's scale, with a\npreliminary economic assessment showing 27% increase in total copper,\namounting to 11 billion pounds in the indicated category and 27\nbillion pounds in inferred category. This could equate to 68 million\nounces of gold project equivalent.\n \n \n The Los Azules project, being among the world's ten largest\ncopper projects, promises a substantial economic impact on Argentina.\nKlip suggested that Argentina offers a favorable political and\neconomic environment for investments, potentially enhancing TNR\nGold's valuation.\n \n \n Additionally,\nKlip mentioned ongoing drilling campaigns and a forthcoming\nfeasibility study expected in the first quarter of 2025.\n \n \n The\ninterview also touched on royalty M&A deals and potential\nvaluations, with gold reaching all-time highs and copper expected to\nfollow due to electrification and the green economy transition.\n \n \n \n Contact Details\n \n \n \n v\n \n \n +1 604-688-8158\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2024 TheNewswire - All rights reserved.\n \n \n","length":2419,"tagName":"div"}]

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