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TNR Gold Update - NSR Royalty on Los Azules Copper, Gold and Silver Project with McEwen Mining
Vancouver, British Columbia--(Newsfile Corp. - May 9, 2022) - TNR Gold Corp. (TSXV: TNR) (...
About this update from Tnr Gold Corp.
[{"type":"text","content":"TNR Gold Update - NSR Royalty on Los Azules Copper, Gold and Silver Project with McEwen MiningVancouver, British Columbia--(Newsfile Corp. - May 9, 2022) - TNR Gold Corp. (TSXV: TNR) (\"TNR\", \"TNR Gold\" or the \"Company\") is pleased to announce that, further to the Company's news release dated November 10, 2021, McEwen Mining Inc. (\"McEwen Mining\") provided a progress report on the Los Azules Copper Project in San Juan, Argentina. TNR holds a 0.4% net smelter returns royalty (\"NSR Royalty\") (including a 0.04% NSR 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 May 4, 2022, stated:\"Timing is everything and now appears to be a time for copper to shine. According to Goldman Sachs' (GS) research1, copper is the new oil. A growth sector with supply constraints, GS forecasts that copper has only two years of supply growth left, 2022 and 2023, and an open-ended supply decline starting from 2024. They see copper playing a big, critical role as an essential component in the global push to electrify transportation and to contain/reverse global warming. They are not alone in thinking about copper this way. McKinsey's research2 is estimating that by 2030 copper demand will be outstripping supply by five to eight million tons per year.Executive SummaryAn Attractive Copper Development StoryAs you have seen above, Los Azules compares very well to many other copper development stories, given its size, life, location and economics.Designing for Positive Impact Working to create a net positive impact on the world over the life of the project - McLennan Design, architects at the forefront of the green sustainable buildings movement, are assisting our team in designing systems and selecting innovative technologies and approaches for making our project regenerative. http://mclennan-design.comLos Azules Is No Longer Remote! The critical issue of road access to the site has been resolved! We have developed a second road at a lower altitude that will allow us year-round access to the site. Our access will be extended, making it safer, less expensive and faster to advance and complete our fieldwork.Drilling Confirming Size and Grade Additional drilling is confirming the mineralization size and...