Wednesday, 21 February 2018

TNR Gold Shotgun Gold Project: Gold In Alaskan Elephant Country - NovaGold And Barrick Hit 130.5m At 5.93g/t Gold.




This major Gold discovery in Alaska by NovaGold and Barrick Gold will not only put Alaska back on the radar screens of gold bugs and investors but can bring the long-expected turn around for the whole sector of gold mining and exploration companies.


Mining News:

TNR looking to JV Shotgun gold property

"TNR Gold Corp. Feb. 2 said it is seeking a major gold mining company to become a joint venture partner on its Shotgun gold project in Alaska. 
Located about 110 miles of Donlin Gold and about the same distance northeast of Pebble, this property lies at the intersection of two trends known to host big deposits. 
TNR optioned Shotgun from Novagold Resources Inc. in 2002 and gained full ownership of..."








Gold In Alaskan Elephant Country: TNR Gold Shotgun Gold Project, Alaska.


Mineralization described on the Shotgun Gold project shares several key similarities both in timing and style of mineralization with that of the Donlin Gold project as well as other reduced intrusion-related gold systems within the Kuskokwim Gold Belt, which is included in the prolific Tintina Gold Province.

One of the founders of NovaGold Greg Johnson is on the Board of TNR Gold. We are working on attracting one of the major gold mining companies as our partner to develop Shotgun Gold.

LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.

LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.


Shotgun Gold


Property Geology

Mineralization described on the Shotgun Gold project shares several key similarities both in timing and style of mineralization with that of the Donlin Gold project as well as other reduced intrusion-related gold systems within the Kuskokwim Gold Belt, which is included in the prolific Tintina Gold Province.

One of the founders of NovaGold Greg Johnson is on the Board of TNR Gold. We are working on attracting one of the major gold mining companies as our partner to develop Shotgun Gold.






Mineral Resources

TNR commissioned GeoVector Management Inc. (“GeoVetor”) to produce a resource estimate on the Property in 2013. Geovector reported an Inferred Resource of 20,734,313 tonnes at 1.06 grams per tonne (“g/t”) gold for a total of 705,960 ounces gold (“Au”) using a 0.5 g/t Au cut-off grade (news release issued on April 22nd, 2013 and filed on SEDAR).

The main target at Shotgun is an intrusion-related gold system within the western extent of the Tintina gold province, Alaska.

We are looking for a strategic partner to advance this project. Alaska is back to business now, projects are moving forward and gold price above $1,300 will make our phone red-hot again.  There is already a substantial interest from financial institutions to Shogun Gold project.

Our new presentations are published on all our projects and you can find them on TNR Gold website.






TNR Gold CEO On Building A Green Energy Metals Royalty Company.




LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.






Please Note that TNR Gold Qualified Person - as it is defined by NI 43-101, was NOT able to Verify and Confirm Any Provided Information by The Third Parties in the Articles, News Releases or on the Links embedded in this post; you must NOT rely in any sense on any of this information in order to make any Resource or Value Calculation, or attribute any particular Value or Price Target to any Discussed Securities.



I will start with three very important numbers: 


Copper demand for Electric Cars should accelerate 9 fold from 185,000 metric tons today to an estimated 1.74 million tonnes in 2027.

$127 million dollars is the undiscounted cash flow of Royalty, which can be paid potentially to TNR Gold over 36 years of Life of Mine at Los Azules Copper project in Argentina which is operated by the legendary Rob McEwen.

TNR Gold is plugged-In into Energy rEVolution. Everything started with my investment in Royal Gold - gold Royalty company, I was buying it at $5 when gold was at 300 and was very happy selling it a few years later above $70. I would like to do the same in the energy space now with Green Energy Metals: Lithium and CopperRead more.


LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.

Please Note that TNR Gold Qualified Person - as it is defined by NI 43-101, was NOT able to Verify and Confirm Any Provided Information by The Third Parties in the Articles, News Releases or on the Links embedded in this post; you must NOT rely in any sense on any of this information in order to make any Resource or Value Calculation, or attribute any particular Value or Price Target to any Discussed Securities.



Mining Journal:

NovaGold And Barrick Hit 130.5m At 5.93g/t Gold.






Joint venture partners NovaGold Resources (CN: NG) and Barrick Gold (CN: ABX) have reported a suite of stunning intercepts, including 130.5m at 5.93g/t gold, at the Donlin gold project in Alaska.
"We can say with conviction that these are some of the finest intercepts any gold company has produced recently - and in any jurisdiction," NovaGold president and CEO Greg Lang said.
Other highlights from the 2017 drilling programme included 39m at 9.34g/t from 342m, 64m at 5.09g/t from 547m and 30.4m at 10.3g/t from 208.6m.
The project already has a 39 million ounce resource at a grade of 2.2g/t but comes with a hefty development price tag of US$6.7 billion, according to a 2011 updated feasibility study. 
Barrick president Kelvin Dushnisky said the drilling results were further evidence of the deposit's potential and the company looked forward to collaborating closely with NovaGold to advance the project.
Lang said they were encouraged by the high-grade intercepts within the reserve pits and beyond the planned pit boundaries.
"As we look to complete the federal permitting process and advance optimisation work during 2018, we are encouraged by the opportunity for NovaGold and Barrick to develop the Donlin Gold project in a fiscally-disciplined manner, and to build a mine of truly generational significance," he said.
The company said Donlin's attributes converged at a time when "no large discoveries have been made in years, average grades continue to fall and resource nationalism is rising to levels that threaten the existence of projects where the rule of law is a novelty".
NovaGold said in January that with $84 million in cash and term deposits at the end of November, it had sufficient funds to complete permitting and optimisation and Donlin and meet its other financial obligations.
Shares in NovaGold lost about 2.5% yesterday and Barrick closed down 1.8% as the gold price also softened."
Please Note that TNR Gold Qualified Person - as it is defined by NI 43-101, was NOT able to Verify and Confirm Any Provided Information by The Third Parties in the Articles, News Releases or on the Links embedded in this post; you must NOT rely in any sense on any of this information in order to make any Resource or Value Calculation, or attribute any particular Value or Price Target to any Discussed Securities.