TNR Gold NSR Royalty Holding: Ganfeng Lithium Rolls Out US$600M Investment Plan, Increases Its Stake In Mariana Lithium to 91.3%.

We have another set of great public news for TNR Gold NSR Royalty Holding on the Mariana Lithium Project to share with you today. Ganfeng Lithium is recharging all Lithium Universe, making record revenues, profits and hitting new all-time highs with a market cap above US$41 Billion. 

Ganfeng LIthium is very busy after raising US$630M dollars this summer. They are building a new 50,000 T LCE annual production facility in China and investing in the upstream Lithium raw materials resource base all over the world.

Access to secure supply lines of strategic metals like Lithium and Copper will define the success of the nations in the brave new world in the 21st century. Tesla's Lithium supply lines are still going all over the world and straight back to China.  

Our Mariana Lithium - giant Lithium Brine Project in Salta, Argentina - is growing even larger. We have just celebrated another increase of 55% in Mariana Lithium resource which is coming on top of the previously announced more than 250% increase in 2020! 

Now Ganfeng Lithium Interim Report 2021 and the new September presentation provide us with more information on the recent developments and future plans. The most important for us is that US$600M Investment Plan for Mariana Lithium is moving fast forward.

Ganfeng is increasing its pace of investment in this giant Lithium Brine project quite dramatically. Ganfeng Lithium's JV partner reported in Canada that their stake has been diluted already to just 8.7% share left in Mariana Lithium JV (August 30, 2021). 

The project is moving forward towards construction following the grant of approval for the "Environmental Impact Report" for 20,000 T of LCE Lithium Chloride production annually. 

We should take notice, that the Ganfeng Lithium September presentation is talking now about this 20,000 T of LCE annual production plan as "Phase 1". This phase of development is already double the size of the previously estimated by PEA annual production of 10,000 T of LCE. Now you can better understand Alastair Ford's article and industry estimations about the potential valuations for TNR Gold NSR Royalty Holding on Mariana Lithium Project. 

TNR Gold is plugged into Tesla Energy rEVolution with our NSR Royalty Holdings on Mariana Lithium Project under Ganfeng Lithium management and Los Azules Copper, Gold and Silver Project with McEwen Mining. The links below can bring you up to date with all these exciting developments for TNR Gold. Do your own research, stay safe and prosper. Join the rEVolution. 

TNR Gold Royalty Holding: Ganfeng's US$600 Million Investment Plan For Mariana Lithium - Formal EIR Approval Received By Litio. REMSA: "Project Execution Will Begin In 60 Days" - Reported From Salta, Argentina.

As we have discussed, this summer is really getting hot for all TNR Gold Royalty Holdings in Lithium, Copper, Gold and Silver in Argentina, even during the winter season there! Public news is pouring in and now you can better understand what I mean by talking about the might and staying power of Ganfeng Lithium. This giant from China is making headlines and new all-time highs in the markets. Ganfeng Lithium hit 200 CNY price level last week which brings US$41 Billion market cap!

TNR Gold Royalty: Ganfeng Reports Increase Of Measured + Indicated Resource To 6.85 Million Tonnes LCE At Mariana Lithium Brine Project, Plans US$600 Million Investment To Build Approved 20,000 T/Y Production Capacity In Salta, Argentina.

Kirill Klip, Executive Chairman of the Company commented, “I am very pleased to see this 55% increase in measured and indicated resources after the previously announced in 2020 increase ​of more than 250% in measured and indicated resources from the 2017 resource estimate at Mariana Lithium Project. We extend our congratulations to Ganfeng on the successful approval of the Environmental Impact Report by the Salta regional government in Argentina and granted approvals for the construction of a plant with a designed annualized capacity of 20,000 tonnes per annum of lithium chloride.

We are very pleased to see that this new plan represents a 100% increase of previously planned lithium annual production rate presented in the Mariana Project preliminary economic assessment (“PEA”), announced in our news release of January 28, 2019. It was the first PEA on the project that provided a potential value for the total NSR Royalty from Mariana’s life of mine cashflow, which has now been very significantly increased.

We welcome the news from the Salta regional government disclosed in a news release following its discussions with Ganfeng that the likely project expenditure from now to bring the Mariana Project to full production is around US$600 million.

TNR Gold does not have to contribute any capital for the 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 a very 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.”

TNR Gold Investor Presentation - Building The Green Energy Metals Royalty and Gold Company from Kirill Klip

Please visit the TNR Gold website for all updated presentations.

Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. 

Do Your Own Research.

TNR Gold NSR Royalty Holding On Los Azules Copper, Gold And Silver Project: McEwen Copper Inc. Closes $40 Million Private Placement With Rob McEwen.

 

“I am very pleased to see this very exciting and significant development for the Los Azules Copper Project and personal support by Rob McEwen of the newly created McEwen Copper,” stated Kirill Klip, TNR’s Executive Chair. “It’s very encouraging to see the personal commitment from Rob McEwen to advance the rapid development of this giant copper, gold and silver deposit in an appropriate corporate structure which will allow financing and further development of the Los Azules Copper Project.

 

TNR Gold holds a 0.36% NSR royalty on the entire Los Azules project containing copper, gold and silver metals. TNR Gold does not have to contribute any capital for the development of the Los Azules Copper Project. The essence of our business model is to have industry leaders like McEwen Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”

Rob McEwen is putting US$40 million of his own money where his mouth is and launching McEwen Copper to feed Tesla Energy rEVolution. I am very encouraged by this exciting development for TNR Gold and you should watch the Los Azules Project video in order to better understand the magnitude of this giant Copper, Gold and Silver Project and its potential. 

Announced by McEwen Mining new drilling program of over 50,000m will be generating a lot of news and interest in the industry in the months to come. Hopefully, Los Azules resources will grow further. TNR Gold does not have to contribute any capital for the development of this giant project and we are moving one more step closer to the potential cash flow generation with our NSR Royalty Holding on the entire Los Azules Copper, Gold and Silver Project. 

"August 23, 2021

TORONTO, Aug. 23, 2021 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE and TSX: MUX) announces that its subsidiary, McEwen Copper Inc., has closed the first tranche of the Series B private placement offering announced on July 6^th, 2021 (the “Offering”), issuing 4,000,000 common shares at a price of $10.00 per share for gross proceeds of $40,000,000."

In order to better understand my discussion about the Mr Market's Time Machine and "the unique entry point in the companies with a better business being on sale at a better price" you should study deal on Taca Taca Copper NSR Royalty and run some numbers applicable to Los Azules:

"TNR Gold receives a very good valuation benchmark for our Royalty Holding on the entire giant Los Azules Copper Project which is being developed by the legendary Rob McEwen. All our long-term followers remember that McEwen Mining was stating in their news releases that "Taca Taca serves as a good proxy for the value of Los Azules".

McEwen Mining Chairman, Chief Owner and CEO Rob McEwen said: "With First Quantum acquiring Lumina Copper and their Taca Taca project, Los Azules moves to the forefront in terms of world-class, undeveloped, high-grade copper assets not owned by a major mining company. As we have said in the past, Taca Taca serves as a good proxy for the value of Los Azules and we believe this transaction demonstrates value in projects located in Argentina." 

Now deal by Nova Royalty provides all our devoted followers with more information to crunch the numbers and arrive at their own conclusions about the potential valuations for TNR Gold. Below you can find more information for your own research.

 

Nova Royalty pays for 0.24% of NSR Royalty on Taca Taca USD$12.75 million, TNR Gold holds 0.36% NSR Royalty on the entire giant Los Azules Copper project.

"Nova Royalty Corp. said on Thursday that it has struck royalty purchase agreements with private parties to acquire an existing 0.24% net smelter return (NSR) royalty on First Quantum Minerals Ltd’s Taca Taca copper-gold-molybdenum project, in Argentina for around US$12.75 million in a cash-and-stock deal."

 

Do your own research, as usual, stay safe and prosper. Join the rEVolution.  

TNR Gold Los Azules Copper NSR Royalty Holding with McEwen Mining Presentation from Kirill Klip

Please visit the TNR Gold website for all updated presentations.

Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. 

Do Your Own Research.

TNR Gold Royalty Holding On Los Azules Copper, Gold & Silver Project With McEwen Mining: "MUX Creates McEwen Copper Which Announces $80 Million Series B Private Placement To Advance The Los Azules Copper Project."

And now we have another great news for TNR Gold shareholders and proud people of Argentina! This news is a very nice second booster for our GEM Royalty Portfolio after Ganfeng Lithium's announcement about their plan to invest US$600 million in Mariana Lithium Project - TNR Gold Lithium Royalty Holding.

We extend our congratulations to Rob McEwen and all his Team! It is a long journey, but giant mining deposits like Los Azules Copper, Gold and Silver Project deserve the best treatment. You must be ready and have the timing right to earn respect from ruthless and brutal Mr Market. 

Now Rob McEwen is doing exactly what is required for Los Azules. He is putting the best structure, his personal support and a very nice corporate governance treatment to this GEM to make the best diamond which will shine very bright on its way of building Argentina into the Power House of Energy rEVolution. The proud people of Argentina are ready to build this new chapter for their beautiful country. 

Judging by the treatment of Ganfeng Lithium's plans for Mariana Lithium and granted "green light to go" in the record time, the Government of Argentina is ready as well to address its economy in the most productive, practical and efficient way in order to attract investments and the best companies to build these industries for the 21st century.

Today, Mr Goldcorp. Rob McEwen is moving the giant Los Azules Copper, Gold and Silver project on the fast lane of development to feed Energy rEVolution. TNR Gold is plugged into this electric future with our NSR Royalty Holding on the entire Los Azules Project:

Digital Divide And Dancing Tesla Robots On FSD: Lithium Will Power Us For The Next 50 Years And Then Robots.

 

Kirill Klip, Executive Chairman of the Company commented, “I am very pleased to see this 55% increase in measured and indicated resources after the previously announced in 2020 increase ​of more than 250% in measured and indicated resources from the 2017 resource estimate at Mariana Lithium Project. We extend our congratulations to Ganfeng on the successful approval of the Environmental Impact Report by the Salta regional government in Argentina and granted approvals for the construction of a plant with a designed annualized capacity of 20,000 tonnes per annum of lithium chloride.

 

We are very pleased to see that this new plan represents a 100% increase of previously planned lithium annual production rate presented in the Mariana Project preliminary economic assessment (“PEA”), announced in our news release of January 28, 2019. It was the first PEA on the project that provided a potential value for the total NSR Royalty from Mariana’s life of mine cashflow, which has now been very significantly increased.

 

We welcome the news from the Salta regional government disclosed in a news release following its discussions with Ganfeng that the likely project expenditure from now to bring the Mariana Project to full production is around US$600 million.

TNR Gold does not have to contribute any capital for the 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 a very 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.”

The Robots are here. They can be seen like dancing on LFSD for now but do not miss the tectonic shift, generational investment opportunity and The Switch. Electric Cars are here. We can be questioning the focus of Tesla, the timing of real delivery and the safety of FSD, but we are not questioning the existence of electric cars as a wonderful product anymore as a species. Millions of consumers are making The Switch and buying electric cars all over the world. 

The magic metal Lithium is at the very heart of this Tesla Energy rEVolution. Now the most important part of our vision for the World Just Before The Internet will be not to participate ourselves in a digital divide separating us and our money. Energy rEVolution provides a lot of opportunities and Lithium is trending worldwide these days. 

Now investors should be very careful and selective in order not to miss this opportunity and separate the real Lithium companies from the companies with lithium left in their name only. Be very careful chasing your Dragons in the Pump and Dump stocks, with insiders Dumping into the Pumps and diluting all other shareholders with their pyramids of convertible loans. Think twice, if MD&A and financials of the junior mining company look like a statement of an overleveraged hedge fund run by the banksters and you can hardly understand anything.  

Avoid at any cost flying with kamikaze pilots. Just remember, that Panda Squeeze can be as deadly as Dragon's kiss. Check carefully who owns what, who has the money and expertise to keep their stakes going and develop the projects. Your careful examinations of financials, insiders and real Lithium resources during your own research can help you to avoid becoming a victim of another round of Pump and Dump this summer. Our industry needs investors for the best Lithium companies and your money deserves your respect.

In our particular case, TNR Gold has found Lithium a long time ago and is plugged into Tesla Energy rEVolution with our NSR Royalty Holding on the entire Mariana Lithium Project under the management of the giant Ganfeng Lithium. We do not have to contribute any capital, our Lithium resources are growing and Ganfeng Lithium is investing US$600 million in Mariana Lithium with the approved 20,000 T of LCE Lithium production facility in Salta, Argentina. 

My presentations and links below can illustrate to you why our Team at TNR Gold is so excited with all recent developments in the Lithium space for our company. Do your own research, stay safe and prosper. Join The Energy rEVolution. 

Chart by Nicholas Winton

TNR Gold Royalty Holding: Ganfeng's US$600 Million Investment Plan For Mariana Lithium - Formal EIR Approval Received By Litio. REMSA: "Project Execution Will Begin In 60 Days" - Reported From Salta, Argentina.

As we have discussed, this summer is really getting hot for all TNR Gold Royalty Holdings in Lithium, Copper, Gold and Silver in Argentina, even during the winter season there! Public news is pouring in and now you can better understand what I mean by talking about the might and staying power of Ganfeng Lithium. This giant from China is making headlines and new all-time highs in the markets. Ganfeng Lithium hit 200 CNY price level last week which brings US$41 Billion market cap!

Lithium Will Power Us For The Next 50 Years And Then Robots: Kirill Klip GEM Royalty TNR Gold Lithium Presentation.

Giant Ganfeng Lithium To Invest US$600M In Mariana Lithium, Plans To Double PEA Estimated Annual Lithium Production To 20,000 LCE Tonnes.

"Another great news for the proud people of Argentina and TNR Gold shareholders is that Reuters reports that now Ganfeng Lithium is planning 20,000 T of annual LCE production capacity. It will be a 100% increase from the 10,000 T of annual production capacity estimated in the Mariana Lithium PEA which was prepared and released in 2018 before more than 250% increase in measured and indicated Lithium resources from the 2017 resource estimate was reported by Ganfeng Lithium and TNR Gold in 2020."

Kirill Klip GEM Royalty TNR Gold Lithium Presentation from Kirill Klip

Please visit the TNR Gold website for all updated presentations.

Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. 

Do Your Own Research.

     

TNR Gold In The Alaskan Elephant Country: "Barrick Gold CEO Mark Bristow On Unlocking The Tremendous Potential Of Donlin Gold".

 

My belief is TNR's Shotgun Gold Project can potentially grow and become a foremost, immediate satellite site Gold deposit to Donlin Gold's Mining Camp infrastructure. This vision is based on our exploration work and academic studies like the ones from Dr Tim Baker in which Shotgun Gold Project is not only listed alongside Donlin Creek as one of the "Major Porphyry Gold Deposits" but is also projected to contain the similar porphyry intrusion-related type system as Donlin.  

Kirill Klip, Executive Chairman

TNR Gold Corp.

Where will you be looking for Gold "elephants"? In the Alaskan "Elephant Country". Investors are coming home and the giant Donlin Gold project is ready to shine very brightly with Gold coming out of the "Handle" on this huge "Cup and Handle"bullish pattern. 

Mark Bristow, CEO of Barrick Gold, is talking about "unlocking the tremendous potential of Donlin Gold" in the latest NovaGold presentation dated August 9, 2021. This presentation deserves your attention if you are looking for Gold and the potentially largest Gold Mining Camp on US soil in the making. 

NovaGold is holding the stake in TNR Gold and all this information for your research can help you to understand why I personally believe that our unique position with Shotgun Gold Project will benefit greatly our shareholders in the nearest future. 

NovaGold has secured major federal and state permits for the gas pipeline and water rights. Confirmed support from the DEC commissioner of the great state of Alaska is being followed by the new drilling program in the 2021 season. The project is moving forward promising thousands of jobs while building the new chapter of sustainable mining in the USA. Mr Market provides to all interested parties another Time Machine opportunity to enter the best companies with a better business which are on sale at a better price. Do your own research, stay safe and prosper.

Chart by Nicholas Winton

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

My belief is TNR's Shotgun Gold Project can potentially grow and become a foremost, immediate satellite site Gold deposit to Donlin Gold's Mining Camp infrastructure. This vision is based on our exploration work and academic studies like the ones from Dr Tim Baker in which Shotgun Gold Project is not only listed alongside Donlin Creek as one of the "Major Porphyry Gold Deposits" but is also projected to contain the similar porphyry intrusion-related type system as Donlin.  

Kirill Klip, Executive Chairman

TNR Gold Corp.

TNR Gold Shotgun Gold Project Presentation from Kirill Klip

Please visit the TNR Gold website for all updated presentations.

Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. 

Do Your Own Research.

We extend our congratulations today to our TNR Gold shareholder - NovaGold and Barrick Gold - their JV partner on the giant Donlin Gold Project. Alaska's DEC commissioner supports key approval for the proposed Donlin Gold mine:

 

"JUNEAU — A proposed gold mine in Western Alaska has won a key approval, with a state official rejecting an administrative law judge’s findings that the state Department of Environmental Conservation lacked “reasonable assurance” the project would meet Alaska water quality standards.

Department Commissioner Jason Brune, in a decision Thursday, defended the analyses done by the department’s Division of Water and upheld its issuance of a so-called certificate of reasonable assurance for the Donlin Gold project. Brune said the issuance was supported by “a reasonable basis in law and substantial evidence in the record.” Anchorage Daily News.

 

On the back of this news, it is time for us to discuss our own relationship with developing Donlin Gold Mining Camp and my own personal vision of how the Donlin Gold project can potentially grow into a 50 million-plus oz Au resource project and become a major Gold Mining Camp in the world based on the U.S. soil. 

Dr Tim Baker

How is this relevant, what is the relationship between Donlin and Shotgun Gold? My belief is TNR's Shotgun Gold Project can potentially grow and become a foremost, immediate satellite site Gold deposit to Donlin Gold's Mining Camp infrastructure. This vision is based on our exploration work and academic studies like the ones from Dr Tim Baker in which Shotgun Gold Project is not only listed alongside Donlin Creek as one of the "Major Porphyry Gold Deposits" but is also projected to contain the similar porphyry intrusion-related type system as Donlin. 

I am the largest shareholder of TNR Gold, so my personal visions must be followed by your own research, including reading all legal disclaimers. There is no investment advice on my blog or any social media feeds and you should always consult a qualified investment adviser before making any investment decisions. 

Dr Tim Baker

All visions, all great paths forward should be supported by solid science and Dr Tim Baker provides us today with sober scientific observations from his studies about the "Major Porphyry Intrusion-Related Gold Deposits" in the world. What follows is my attempt to translate the high-level geological and geochemical data collected by Dr Baker after studying for many years "Major Porphyry Granite Related Gold Deposits" in the world including Shotgun Gold into a few digestible ideas. 

Dr Tim Baker

How are these "Elephants" - the giant porphyry Gold deposits - formed? Where should you look for these "Elephants"? And why a found "trunk of an Elephant" which snakes up all the way to the surface in Alaska, can leave many geologists awake at night at the right time of the Gold Cycle? 

Stubbornly rising Gold prices are great seasoning for great projects nestled in safe, ready to grow mining jurisdictions like Alaska. Rising Gold price is what allows us, after all this time, finally move from the preparation stage and into action. Shotgun Gold Project is already part of academic research and scientific papers, now we are moving forward with our strategy to make its development the part of Gold industry studies to unlock its full potential. 

Our preparations are set for this golden opportunity. We have the academic research and inferred resource has been already defined in produced Shotgun Gold NI 43-101 Technical Report. Gold Bull market finally brought us a favourable environment in which Eric Sprott doubles his "mental valuations" from $50 to $100 per oz Au in the ground. Barrick Gold warns of supply crisis and calls for consolidation, while VanEck International Investors Fund calls gold mining stocks "undervalued based on the statistical norm of share prices to cash flow … at a time when producers are on their best financial footing in recent history".

We all remember the very brave super-smart short-sellers that were so worried about losing a lot of money in this Gold Bull market that they produced a company-killer report about NovaGold which made many other investors worry about Donlin Gold, especially in regards to its economic viability and Barrick Gold's plans for this JV project with NovaGold. Thomas Kaplan came out with all guns blazing, sued the super-smart FUD producers and made the best move that can happen in the mining industry. Amid worldwide pandemic, NovaGold Donlin Gold Team conducted 23,400m in 85 holes of the largest since 2008 drilling campaign on the project.

NovaGold NR October 26, 2020.

CEO Mark Bristow has confirmed that Donlin Gold is a key project for Barrick Gold. Now the project will grow further, an updated model and a new resource estimation are expected. Drilling intersections are spectacular with high-grade sections of 4.17m grading 80.6 g/t Gold starting at 123.48 drilled depth, including a subinterval of 3.15m grading 106.2 g/t gold starting at 124.5m drilled depth. Drill hole DC20-1872 was drilled to the depth of 632.8m and a Gold mineralisation intersection of 6m was found from 603.23m to 609.23m grading 2.33 g/t. Now you can better understand why I am talking about the potential development of the Donlin Gold project into 50 million-plus oz Au resources to become one of the largest Gold Mining Camps in the world based on U.S. soil. 

NovaGold NR October 26, 2020.

It is important to mention here that TNR' Shotgun Gold Project is a Porphyry Gold system as well, with a similar geo signature as Donlin Gold. 

Dr Tim Baker

"Shotgun Gold is a multiphase intrusion-related system associated with  69.7 Ma magmatism, tying Shotgun Gold to a widespread magmatic Gold mineralising event including the 70 Ma Donlin Gold project. Mineralisation and magmatism at Shotgun Gold resemble Donlin Gold and other deposits in the area where regional structures focus the first order emplacement of magmas, and local structures control mineralisation at the deposit scale." 

 

Shotgun Gold has seen very limited drilling of a total 7,000m. "Mineral resource is located from surface to a depth of 150m. The resource is located on a ridge forming a topographic high. Mineralisation appears to be uniform with little-to-no "nugget effect".

 

All Shotgun Gold inferred resource of 705,960 oz Au was defined at the Shotgun Ridge. "Mineralisation appears to be open at depth and along strike. Mineralisation from some drill holes was not included in the resource model. It can add additional resources with future drilling."

The next slide demonstrates very well the concept of an "Elephant and its trunk" which may be leading to "a hiding in the ground Elephant" when you study "Depth-fluids Models For IRGS" presented by Dr Tim Baker and TNR's Shotgun Gold exploration studies combining drilling results and 3D chargebility model.

 

All Shotgun Gold resource was defined just in one target at Shotgun Ridge. "Shotgun Ridge has untested structural intersections that may host significant Gold deposits. If the IP method is showing mineralization as interpreted, then the potential exists to expand the near-surface mineral resource in close proximity to the existing resource."

"Geology supports the target model. Only one of 5 targets is tested to date. 705,960 oz Au defined in one target with less than 5,000m drilling. Deposit is open at depth and along strike."

"Shotgun Ridge alone shows potential to host multiple, closely spaced gold deposits." 

TNR Gold Shotgun Gold Project is located 190 km south of Donlin Gold and I personally believe that we are very well positioned now with our development strategy. This approach becomes particularly interesting after recent M&A activities by Kinross Gold. TNR's Shotgun Gold Project can potentially grow and become a foremost, immediate satellite site Gold deposit to Donlin Gold's Mining Camp infrastructure. 

"Today we have Peak Gold Supply in the spotlight again. Majors have to buy new Gold projects in order to replenish their resources in the pipeline for development. Kinross Gold is acquiring 70% of the Peak Gold project and putting all our Shotgun Gold development Story into the new light of potential developments now:

"CALGARY - Kinross Gold Corp. is moving to secure additional supply for its Alaska gold operations by buying a controlling interest in the Peak Gold project from Royal Gold, Inc., and Contango Ore, Inc., for $125 million.

Toronto-based Kinross has agreed to pay Royal Gold about $66 million for its entire 40 per cent stake and $59.6 million for half of Contango's 60 per cent share, leaving Contango with a minority 30 per cent holding.

The miner says it plans to process ore from the open-pit Peak Gold mine at its existing Fort Knox mine, 400 kilometres to the northwest, to reduce costs and extend the life of the existing mill and infrastructure." BNN Bloomberg. 

Shotgun Gold Project is located 190 km south from Donlin Gold, where our shareholder NovaGold is developing this giant project together with Barrick Gold."

 

Higher Gold prices and rising demand are pushing all industry insiders to adjust their strategy, the whole mining districts can be built around the central, for particular mining camps facilities, like Kinross is doing now. M&A and consolidation of the resources in the satellite deposits around such existing and developing mining infrastructure centres have already started. Developing Donlin Gold Mining Camp provides a unique opportunity for TNR's Shotgun Gold Project to grow with further exploration and potentially become a part of one of the largest Gold Mining Camps on U.S. soil. Now it is time for you to make your own research and make your own conclusions, stay safe.