Monday, 24 February 2020

Gold In The USA, The Alaskan Elephant Country: TNR Gold Shotgun Gold Project Presentation.





"Shotgun Gold project is in the SW of Alaska. It is located near the giant Donlin Gold project in the Alaskan "elephant country" with 39M Oz of Gold resources. TNR has already found Gold as well and identified the initial inferred resources of over 700,000 Oz of Gold. All mineralisation is opened at depth and we have identified five similar geological and geophysical targets on the property. TNR is working to bring a major Gold company as a strategic partner - “Ganfeng in Gold” - to repeat the success of Mariana Lithium and Los Azules Copper with our Shotgun Gold project in Alaska now. 





NovaGold already holds a stake in TNR Gold. Greg Johnson - one of the founders of NovaGold - is on our TNR Gold Board. The last couple of weeks NovaGold announced that right of way and other crucial necessary permits were granted in Alaska. Donlin Gold is moving forward and will create the major Gold mining Camp on the US soil. TNR Gold is in that mining camp already with our Shotgun Gold project."






Please always read legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blog. Always consult a qualified financial adviser before any investment decisions. 
Do Your Own Research.





TNR Shotgun Project, NovaGold And Gold In The Alaskan Elephant Country: Giant Donlin Gold Project Obtains More Necessary Permits.




Now we know why NovaGold was going vertically, celebrating higher gold prices, as we have discussed before. Giant Donlin Gold project is moving forward with more necessary permits being granted to develop this major gold mining camp on the US soil. This infrastructure development will bring life and so much needed jobs to the whole mining district in South-West Alaska. 




TNR Gold is advancing our Shotgun Gold project in this mining district near Donlin Gold JV between Barrick Gold and NovaGold. Today, after TNR Gold AGM, it will be time to point out again a few details available publicly in NRs and all public filings on SEDAR and SEDI. Greg Johnson, one of the founders of NovaGold is on the Board of our Company and NovaGold has been building its stake in TNR Gold from 2010 when 50% of Shotgun Gold was acquired by TNR Gold from NovaGold consolidating our ownership. 




These positive developments support sustainable mining in Alaska and provide the necessary infrastructure development for all our region. TNR Gold has in place now another very important milestone on the path to realising our vision and strategic plan to advance Shotgun Gold and build upon our initial gold discovery. Please do your own research, visit our website for NI 43-101 report and all presentations. Below you can find more information for your DD.





TNR Shotgun Gold Project: M&A Valuations In The Alaskan Elephant Country - NovaGold Goes Vertical Hitting $3 Billion USD Valuation.


Chart by Northstar


"The Company's strategy with the Shotgun Gold Project is to attract a partnership with one of the major gold mining companies. TNR Gold ("TNR") is actively introducing the project to interested parties," commented Kirill Klip, Executive Chairman of TNR. "We may be at the beginning of a great discovery. There is a clear path on how to move this project forward using the geological and geophysical research currently available to target drilling to expand the resource and form the basis of a preliminary economic analysis. The next step is to acquire a partner that shares our vision and recognizes the growth potential and value to be added to the Shotgun project over time."






Please always read legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blog. Always consult a qualified financial adviser before any investment decisions. Do Your Own Research.





Friday, 21 February 2020

Powered By Gold And Tesla Energy rEVolution: Why Green Energy Metals? Why Royalties? And Why TNR Gold?



Thank you.

Thank you for coming back to me here. Today I would like to thank all our shareholders and followers who are supporting our GEM Royalty TNR Gold Team. These very talented people are working very hard to make our dreams happen. The future is here, not everybody can see it yet, but megatrends are manifesting themselves. The Switch. Tesla Energy rEVolution. The recalibration of the global financial system and Gold - as the ultimate hedge for these uncertain times. 




Our Story.

It is time to tell you our Story about TNR Gold today in a more concise way. This is my personal story, I am putting my money where my mouth is, but you will have to find your winners. You will have to travel on your journey. I am just sharing my travel notes with you in my diary. I am glad if you can share the beautiful scenery with me. Join. You will learn new things. And I am ready as well. Fasten your seatbelt and, please, always make your own due diligence and consult a qualified financial adviser before any investment decision. 

Let me tell you today why we are building The Green Energy Metals Royalty and Gold Company and why I hold a 22% stake in our Company on a partially diluted basis already. TNR Gold has a very tight float with all insiders holding well over 50%, including NovaGold's stake in our Company.  Last week we announced that I will be investing more capital in TNR Gold and increasing my stake now even more - at the double market price at the time of announcement.

Why Green Energy Metals, why Royalties and why TNR Gold?

Tesla is huge now - everybody knows about Tesla finally. Is it too late to play the stock which was already launched by Elon Musk, a genius traveller from the future, to the moon? I don't know. What about Lithium for Tesla and all other electric cars? A lot of people are looking upstream now on the supply chains for electric cars. This is where our partner is coming into this Energy rEVolution picture. 





Ganfeng Lithium - the largest integrated lithium producer in China - is already a huge story itself and supplies Tesla, VW and BMW. But only some people in the industry know it, despite that, Ganfeng chart goes vertical. The stock almost tripled from Summer 2019. Ganfeng Lithium stock went limit UP 10% two days this month already and was UP another 7% after that.





What is TNR? We are building The Green Energy Metals Royalty and Gold Company. We have Royalty Holdings in the projects with industry leaders like Ganfeng Lithium and McEwen Mining in Copper. We do not have to contribute any capital to develop these giant projects. Even more, we have companies like NovaGold investing in TNR Gold.

GEM Royalty business model.

How does our business model work? Ganfeng is investing Capital - many millions of dollars to build the Mariana Lithium JV project. We just announced a new Lithium resource estimation provided by Ganfeng with over 250% increase of resources from 2017 estimation to well over 4M T of LCE at Mariana Lithium JV! This is very significant - almost nobody knows about it. TNR Gold holds NSR Royalty on the entire Mariana Lithium JV under Ganfeng development - nobody even heard about it. And the most important thing here is that we do not have to contribute any capital and dilute our shareholders to develop Mariana Lithium.





And here we can come back to a simple personal fact, why CEO buys TNR Gold shares at double the market price and finances TNR? Because I personally believe that TNR Gold is very undervalued even at 5 cents. Some shares can still be bought now below 5 cents on the market. It is not investment advice, as you already know, just a pure scientific observation of the junior mining market landscape.

What else do we have in TNR? - GOLD. 

Shotgun Gold project is in the SW of Alaska. It is located near the giant Donlin Gold project in the Alaskan "elephant country" with 39M Oz of Gold resources. TNR has already found Gold as well and identified the initial inferred resources of over 700,000 Oz of Gold. All mineralisation is opened at depth and we have identified five similar geological and geophysical targets on the property. TNR is working to bring a major Gold company as a strategic partner - “Ganfeng in Gold” - to repeat the success of Mariana Lithium and Los Azules Copper with our Shotgun Gold project in Alaska now. 





NovaGold already holds a stake in TNR Gold. Greg Johnson - one of the founders of NovaGold - is on our TNR Gold Board. The last couple of weeks NovaGold announced that right of way and other crucial necessary permits were granted in Alaska. Donlin Gold is moving forward and will create the major Gold mining Camp on the US soil. TNR Gold is in that mining camp already with our Shotgun Gold project.

And what about Copper for Tesla Energy rEVolution?

Now we can talk about Copper for Tesla Energy rEVolution and EVs. TNR holds NSR Royalty on the entire giant Los Azules Copper with McEwen Mining. Legendary Rob McEwen is calling Los Azules - "Our sleeping giant". There is over 10.2 B lb of indicated and 19.3 B lb of inferred copper in all resource categories; plus 1.7 M Oz of indicated and 3.8 M Oz of inferred Gold resources; and 56 M Oz of indicated and 136 M Oz of inferred Silver resources. Please never mix in your investment analyses different resource categories.  





What is next?

Our Team at TNR Gold has a deep financial background as well. Our unique business model provides investors with exposure to Lithium and Copper which are powering Tesla rEVolution and Gold as the ultimate hedge for these uncertain times. TNR shareholders will participate in the potential of blue sky discovery with our gold project and in potential royalty cash flows from the projects under development by industry leaders like Ganfeng Lithium and McEwen Mining. 

Nobody knows the future but potentially we can even see 3 major companies may be looking at TNR Gold portfolio for possible M&A activities reflecting our respective assets.

With Ganfeng JV - in Lithium, according to industry analysts, our NSR Royalty may represent in the future potentially millions of dollars per year as Royalty payments to TNR from Mariana Lithium JV after it will be in production. 

With NovaGold - in Gold, ShotgunGold is ready for the strong strategic partner to grow together in the Alaskan "elephant country" in the new major Donlin Gold mining camp under development on the US soil.

With McEwen Mining - in Copper. McEwen Mining is looking for a strategic partner to advance Los Azules as JV. According to industry analysts, our NSR Royalty may represent in the future potentially many millions of dollars per year as Royalty payments to TNR from Los Azules after it will be in production.

I will not be surprised personally, that after very hard work, we may see some kind of M&A activities with Gold, Lithium and Copper prices going up and our projects moving forward and their resources growing.

This is why I believe that TNR Gold provides the truly unique entry point to participate in the Tesla Energy rEVolution and Gold. This is why I am investing in TNR. This is why we are building with our GEM Royalty Team The Green Energy Metals Royalty and Gold Company. 

Join Energy rEVolution and Gold - follow TNR Gold. 







Please always read legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blog. Always consult a qualified financial adviser before any investment decisions. 
Do Your Own Research.




Thursday, 20 February 2020

Building The Green Energy Metals Royalty And Gold Company: Powered by Gold and Tesla Energy rEVolution - TNR Gold Investor Presentation.



"Kirill Klip, Executive Chairman of the Company and a non-arms’ length party, will participate in this Private Placement which is priced at the 100% premium to the market price of TNR Gold on the day of this financing announcement. The proceeds of the Private Placement will be used for exploration, maintenance of the Shotgun Gold Project and for general working capital purposes. Kirill Klip is the major shareholder of TNR Gold with his 22% stake on a partially diluted basis and is increasing his position in the Company after all necessary approvals provided by shareholders at the Company AGM held in January 2020."







Please always read legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blog. Always consult a qualified financial adviser before any investment decisions. 
Do Your Own Research.






Proactive London's Andrew Scott Interviews Kirill Klip: "TNR Gold Has Ambitions To Become A "Leader In Green Energy Metal Royalties And Gold"




"TNR Gold's (CVE:TNR) executive chairman Kirill Klip tells Proactive London's Andrew Scott why he's determined to make the company the leading green energy metals royalty and gold company.
Klip's recently announced he'll be investing more of his own cash in the business and increasing his stake beyond 22%.
TNR has royalty holdings in a number of projects with industry leaders including the likes of Ganfeng Lithium and McEwen Mining in copper."


Wednesday, 19 February 2020

Proactive London's Andrew Scott Interviews Kirill Klip: "TNR Gold Has Ambitions To Become A "Leader In Green Energy Metal Royalties And Gold"



"TNR Gold's (CVE:TNR) executive chairman Kirill Klip tells Proactive London's Andrew Scott why he's determined to make the company the leading green energy metals royalty and gold company.
Klip's recently announced he'll be investing more of his own cash in the business and increasing his stake beyond 22%.
TNR has royalty holdings in a number of projects with industry leaders including the likes of Ganfeng Lithium and McEwen Mining in copper."


Building The Green Energy Metals Royalty And Gold Company: Powered by Gold and Energy rEVolution - TNR Gold Investor Presentation.




I would like to wish you a very healthy and prosperous New Year 2020! Finally, a lot of stars are aligned to bring the wind into our sails and guide us in the open seas towards the realising shareholders' value for all our devoted followers here. 







Please always read legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blog. Always consult a qualified financial adviser before any investment decisions. 
Do Your Own Research.




Over the past twenty-four years, TNR, through its lead generator business model, has been successful in generating high-quality exploration projects around the globe. With the Company’s expertise, resources and industry network, it identified the potential of the Los Azules copper project in Argentina and now holds a 0.36% NSR Royalty on the entire project, which is being developed by McEwen Mining Inc.
In 2009, TNR Gold founded International Lithium Corp. (“ILC”), a green energy metals company that was made public company through the spin-out of TNR’s energy metals portfolio in 2011. ILC holds interests in lithium projects in Argentina, Ireland and Canada.
TNR retains a 1.8% NSR Royalty on the Mariana Lithium property in Argentina. ILC has a right to repurchase 1.0% of the NSR Royalty on the Mariana Lithium property of which 0.9% relates to the Company’s NSR interest. The Company would receive $900,000 on the execution of the repurchase. The project is currently being advanced in a joint venture between ILC and Ganfeng Lithium International Co. Ltd.
TNR provides significant exposure to gold through its 90% holding in the Shotgun Gold porphyry project in Alaska. The project is located in Southwestern Alaska near the Donlin Gold project, which is being developed by Barrick Gold and Novagold Resources Inc.
The Company’s strategy with the Shotgun Gold Project is to attract a joint venture partnership with one of the gold major mining companies.  The Company is actively introducing the project to interested parties.
At its core, TNR provides significant exposure to gold, copper and lithium through its holdings in Alaska (the Shotgun gold porphyry project) and Argentina, and is committed to the continued generation of in-demand projects, while diversifying its markets and building shareholder value."



Wednesday, 12 February 2020

Building The Green Energy Metals Royalty And Gold Company: TNR Gold Announces Non-Brokered Private Placement.



Kirill Klip, Executive Chairman of the Company and a non-arms’ length party, will participate in this Private Placement which is priced at the 100% premium to the market price of TNR Gold on the day of this financing announcement. The proceeds of the Private Placement will be used for exploration, maintenance of the Shotgun Gold Project and for general working capital purposes. Kirill Klip is the major shareholder of TNR Gold with his 22% stake on a partially diluted basis and is increasing his position in the Company after all necessary approvals provided by shareholders at the Company AGM held in January 2020. 




Please always read legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blog. Always consult a qualified financial adviser before any investment decisions. 
Do Your Own Research.





TNR Gold:

TNR Gold Announces Non-Brokered Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
"Vancouver, British Columbia – February 11, 2020: TNR Gold Corp. (TSX-V: TNR) (“TNR”, “TNR Gold” or the “Company”) is pleased to announce that it is arranging a non-brokered private placement (the “Private Placement”) of up to 2,000,000 units (each a “Unit”) at $0.05 per unit to raise up to CAN$100,000. Each Unit will consist of one common share of the Company and one non-transferable common share purchase warrant (each a “Warrant”). Each Warrant will be exercisable into one common share in the capital of the Company at an exercise price of $0.05 per share for five years from issue.
The proceeds of the Private Placement will be used for exploration, maintenance of the Shotgun Gold project and for general working capital purposes.  All Private Placement securities will be restricted from trading for a period of four months plus one day from the date of closing.
Kirill Klip, Executive Chairman of the Company and a non-arms’ length party, will participate in this Private Placement. The issuance of private placement securities to non-arms’ length parties constitutes related-party transactions under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Because the Company’s shares trade only on the TSX Venture Exchange, the issuance of securities is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(b) of MI 61-101 and exempt from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to Section 5.7(b). The Company did not file a material change report 21 days prior to the closing of the private placement as the details of the participation of insiders of the Company had not been confirmed at that time.
The Private Placement is subject to approval of the TSX Venture Exchange.


ABOUT TNR GOLD Corp. 

TNR Gold Corp. is working to become the green energy metals royalty and gold company.
Over the past twenty-four years, TNR, through its lead generator business model, has been successful in generating high-quality exploration projects around the globe. With the Company’s expertise, resources and industry network, it identified the potential of the Los Azules copper project in Argentina and now holds a 0.36% NSR Royalty on the entire project, which is being developed by McEwen Mining Inc.
In 2009, TNR founded International Lithium Corp. (“ILC”), a green energy metals company that was made public through the spin-out of TNR’s energy metals portfolio in 2011. ILC holds interests in lithium projects in Argentina, Ireland and Canada.
TNR retains a 1.8% NSR Royalty on the Mariana Lithium Project in Argentina. ILC has a right to repurchase 1.0% of the NSR Royalty on the Mariana Lithium Project, of which 0.9% relates to the Company’s NSR Royalty interest. The Company would receive $900,000 on the completion of the repurchase. The project is currently being advanced in a joint venture between ILC and Ganfeng Lithium International Co. Ltd.
TNR provides significant exposure to gold through its 90% holding in the Shotgun Gold porphyry project in Alaska. The project is located in Southwestern Alaska near the Donlin Gold project, which is being developed by Barrick Gold and Novagold Resources Inc.
The Company’s strategy with Shotgun Gold Project is to attract a joint venture partnership with one of the gold major mining companies. The Company is actively introducing the project to interested parties.
At its core, TNR provides significant exposure to gold, copper and lithium through its holdings in Alaska (the Shotgun Gold porphyry project) and Argentina (the Los Azules copper and the Mariana Lithium projects) and is committed to the continued generation of in-demand projects, while diversifying its markets and building shareholder value.
On behalf of the Board of Directors, 
Kirill Klip
Executive Chairman 
For further information concerning this news release please contact +1 604-229-8129
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “will”, “could” and other similar words, or statements that certain events or conditions “may” or “could” occur, although not all forward-looking statements contain these identifying words. Specifically, forward-looking statements in this news release include, but are not limited to, statements made in relation to: TNR’s corporate objectives, changes in share capital, market conditions for energy commodities, the results of McEwen Mining’s and ILC’s PEAs, and improvements in the financial performance of the Company. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled “Risks” and “Forward-Looking Statements” in the Company’s interim and annual Management’s Discussion and Analysis which are available under the Company’s profile on www.sedar.com. While management believes that the assumptions made and reflected in this news release are reasonable, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. In particular, there can be no assurance that: TNR will be able to repay its loans or complete any further royalty acquisitions or sales; debt or other financing will be available to TNR; or that TNR will be able to achieve any of its corporate objectives. TNR relies on the confirmation of its ownership for mining claims from the appropriate government agencies when paying rental payments for such mining claims requested by these agencies. There could be a risk in the future of the changing internal policies of such government agencies or risk related to the third parties challenging in the future the ownership of such mining claims. Given these uncertainties, readers are cautioned that forward-looking statements included herein are not guarantees of future performance, and such forward-looking statements should not be unduly relied on. 
In formulating the forward-looking statements contained herein, management has assumed that business and economic conditions affecting TNR and its royalty partners, McEwen Mining Inc. and International Lithium Corp. will continue substantially in the ordinary course, including without limitation with respect to general industry conditions, general levels of economic activity and regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.
Forward-looking information herein and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change."


Monday, 10 February 2020

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.



Kirill Klip, Executive Chairman of the Company commented, “We are very pleased to see this more than 250% increase in measured and indicated resources from the 2017 resource estimate at Mariana and that Ganfeng Lithium is advancing this project in Argentina towards further updated PEA and pre-feasibility studies. The Mariana Project preliminary economic assessment (“PEA”), as announced in our news release of January 28, 2019, was the first PEA on the project that provided a potential value for the total NSR Royalty from Mariana’s life of mine cashflow. TNR Gold does not have to contribute any capital for development of Mariana and our NSR Royalty does not depend on the size of ILC’s potentially diluted ownership in the Mariana Project. The 1.8% Mariana NSR Royalty is an important part of TNR Gold’s portfolio. The essence of our business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”




Building The Green Energy Metals Royalty And Gold Company: Powered by Gold and Energy rEVolution - TNR Gold Investor Presentation.







Please always read legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blog. Always consult a qualified financial adviser before any investment decisions. 
Do Your Own Research.






TNR Gold:

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 B.C. February 10, 2019: TNR Gold Corp. (TSX-V: 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.
Highlights
The 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; and
  • an additional 786,000 tonnes of Li2COand 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, Argentina
ILC 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; Mariana Project, Salar de Llullaillaco, Argentina” and dated January 12, 2020, is now available on ILC’s website and under the Company’s profile at www.SEDAR.com. The effective date for the resource estimate is August 23, 2019, which represents the date of the most recent data that supports the brine estimate in the Technical Report.
The following highlights taken from the Technical Report, and set out below, should be considered in the context of the detailed information of the Technical Report.

Notes:
  • A cut-off grade of 230 mg/L Li was applied for comparative purposes with other operations in Argentina where lithium recovery from brine is undertaken by evaporative processes.
  • The Measured Resource stated as 1,680GL grading 314 mg/L lithium equates to 528,000 tonnes of contained lithium or 2.8Mt of lithium carbonate (Li2CO3), using the conversion factor of 5.324. Using a process recovery estimate of 86%, an estimate of recovery from processing is 2.4Mt of Li2CO3from the Measured Resource.
  • The Indicated Brine Resource grades 316 mg/L lithium. The potential recoverable brine volume from this Indicated Resource, based on the same criteria as for the Measured Resource, is estimated at 960GL. This equates to 303,000 tonnes of contained lithium or 1.4Mt of lithium carbonate (Li2CO3).
  • Brine resources are tabulated and reported for average specific yield (SY) of 15% and a cut-off value of 230 mg/L Li.
The report states that aquifer volume is still open at depth in the majority of the salar and that there is potential to extend and define additional aquifer volume proximal to the salar margins and throughout the salar at depth below the current resource drilling level.
Brine deposits are unlike the majority of mineral deposits in that they are fluid. Fluids within a brine deposit can move and can mix with adjacent fluids when exploitation of a brine deposit begins. Evaluation of such deposits therefore requires special considerations that are not, in general, applied to other style of mineral deposits.
In preparing these resource estimates, Geos considered and applied processes to be appropriate for brine style deposits, using the principles set out in National Instrument 43-101 (“NI 43-101”), Joint Ore Resources Code JORC (2012) for mineral projects, and CIM Best Practice Guidelines for Resource and Reserve Estimation for Lithium Brines.
The Company cautions the reader that the only economic studies carried out on the Project are based on the maiden resource noted in ILC’s news releases dated December 6, 2018 and January 22, 2019 with the corresponding technical report, “Preliminary Economic Assessment of the Mariana Lithium Brine Project” (or “PEA”) with an effective date of November 15, 2018, filed on SEDAR. Mineral resources are not mineral reserves as defined by the Canadian Institute of Mining and Metallurgy, and the Company cannot guarantee that the resources reported here will be converted to mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability.”
Kirill Klip, Executive Chairman of the Company commented, “We are very pleased to see this more than 250% increase in measured and indicated resources from the 2017 resource estimate at Mariana and that Ganfeng Lithium is advancing this project in Argentina towards further updated PEA and pre-feasibility studies. The Mariana Project preliminary economic assessment (“PEA”), as announced in our news release of January 28, 2019, was the first PEA on the project that provided a potential value for the total NSR Royalty from Mariana’s life of mine cashflow. TNR Gold does not have to contribute any capital for development of Mariana and our NSR Royalty does not depend on the size of ILC’s potentially diluted ownership in the Mariana Project. The 1.8% Mariana NSR Royalty is an important part of TNR Gold’s portfolio. The essence of our business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”
ILC press releases and website material appear to be prepared by Qualified Persons and the procedures, methodology and key assumptions disclosed therein are those adopted and consistently applied in the mining industry, but no Qualified Person engaged by TNR has done sufficient work to analyze, interpret, classify or verify ILC’s information to determine the current mineral resource or other information referred to in their press releases. Accordingly, the reader is cautioned in placing any reliance on the disclosures therein.
Afzaal Pirzada, a “Qualified Person” for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.




ABOUT TNR GOLD Corp. 

TNR Gold Corp. is working to become the green energy metals royalty and gold company.
Over the past twenty-four years, TNR, through its lead generator business model, has been successful in generating high-quality exploration projects around the globe. With the Company’s expertise, resources and industry network, it identified the potential of the Los Azules copper project in Argentina and now holds a 0.36% NSR Royalty on the entire project, which is being developed by McEwen Mining Inc.
In 2009, TNR founded International Lithium Corp. (“ILC”), a green energy metals company that was made public through the spin-out of TNR’s energy metals portfolio in 2011. ILC holds interests in lithium projects in Argentina, Ireland and Canada.
TNR retains a 1.8% NSR Royalty on the Mariana Lithium Project in Argentina. ILC has a right to repurchase 1.0% of the NSR Royalty on the Mariana Lithium Project, of which 0.9% relates to the Company’s NSR Royalty interest. The Company would receive $900,000 on the completion of the repurchase. The project is currently being advanced in a joint venture between ILC and Ganfeng Lithium International Co. Ltd.
TNR provides significant exposure to gold through its 90% holding in the Shotgun Gold porphyry project in Alaska. The project is located in Southwestern Alaska near the Donlin Gold project, which is being developed by Barrick Gold and Novagold Resources Inc.
The Company’s strategy with Shotgun Gold Project is to attract a joint venture partnership with one of the gold major mining companies. The Company is actively introducing the project to interested parties.
At its core, TNR provides significant exposure to gold, copper and lithium through its holdings in Alaska (the Shotgun Gold porphyry project) and Argentina (the Los Azules copper and the Mariana Lithium projects) and is committed to the continued generation of in-demand projects, while diversifying its markets and building shareholder value.
On behalf of the Board of Directors, 
Kirill Klip
Executive Chairman 
For further information concerning this news release please contact +1 604-229-8129
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “will”, “could” and other similar words, or statements that certain events or conditions “may” or “could” occur, although not all forward-looking statements contain these identifying words. Specifically, forward-looking statements in this news release include, but are not limited to, statements made in relation to: TNR’s corporate objectives, changes in share capital, market conditions for energy commodities, the results of McEwen Mining’s and ILC’s PEAs, and improvements in the financial performance of the Company. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled “Risks” and “Forward-Looking Statements” in the Company’s interim and annual Management’s Discussion and Analysis which are available under the Company’s profile on www.sedar.com. While management believes that the assumptions made and reflected in this news release are reasonable, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. In particular, there can be no assurance that: TNR will be able to repay its loans or complete any further royalty acquisitions or sales; debt or other financing will be available to TNR; or that TNR will be able to achieve any of its corporate objectives. TNR relies on the confirmation of its ownership for mining claims from the appropriate government agencies when paying rental payments for such mining claims requested by these agencies. There could be a risk in the future of the changing internal policies of such government agencies or risk related to the third parties challenging in the future the ownership of such mining claims. Given these uncertainties, readers are cautioned that forward-looking statements included herein are not guarantees of future performance, and such forward-looking statements should not be unduly relied on. 
In formulating the forward-looking statements contained herein, management has assumed that business and economic conditions affecting TNR and its royalty partners, McEwen Mining Inc. and International Lithium Corp. will continue substantially in the ordinary course, including without limitation with respect to general industry conditions, general levels of economic activity and regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.
Forward-looking information herein and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change."