Wednesday 23 February 2022

Building The Green Energy Metals Royalty And Gold Company: Insiders Continue To Invest In TNR Gold Corp.


I am very pleased that the TNR Gold team finds the full support of our major shareholders as well as the Company’s investment loan capital provider who continues to approve our business plan and long-term strategic initiatives,” commented Kirill Klip, Executive Chairman of TNR. “It is clear that this decision of our investment loan capital provider is a resounding show of confidence in TNR Gold’s long-term business strategy, our management team and all recent positive developments in our portfolio of assets.



“We can now concentrate our efforts on building this green energy metals royalty and gold company by maximizing the value of our royalty portfolio of lithium, copper, gold and silver projects that are instrumental in the electric vehicle and green energy sectors. We believe that our royalty holdings are undervalued, and their appropriate values are not reflected in Company’s share price. TNR Gold has industry interest in our assets and the Company is working on potential new strategic partnerships to provide benchmarks for the market valuations of our royalty holdings.



“Our Net Profits Royalty (”NPR”) holding on the Batidero I and II properties with Josemaria Resources represents future growth potential for our royalty portfolio. We are also investigating new potential acquisitions while our main focus remains on the development of the Shotgun Gold Project in Alaska. The essence of our business model is to have industry leaders like Ganfeng Lithium, McEwen Mining and Lundin Group as operators on the projects that will potentially generate royalty cash flows to contribute and develop a significant long-term value for our shareholders.



“I would like to thank all our shareholders for your support and on your behalf to thank our very talented team at TNR Gold who have achieved all these remarkable milestones for our Company.”






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 CORP.

> THE GREEN ENERGY METALS ROYALTY AND GOLD COMPANY.

ABOUT US

TNR Gold Corp. is working to become the green energy metals royalty and gold company.

Over the past twenty-five 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 0.4% NSR Royalty on the entire project, which is being developed by McEwen Mining Inc, (TNR holds a 0.04% NSR on behalf of a shareholder).

Los Azules Copper Project* indicated resource: 10.2 B lbs copper, 1.7 Moz gold and 55.7 Moz silver with the additional inferred resource: 19.3 B lbs copper, 3.8 Moz gold and 135.4 Moz silver.

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 held interests in lithium projects in Argentina, Ireland and Canada.

TNR retains a 2.0% NSR Royalty on the entire Mariana Lithium Project in Argentina with Ganfeng Lithium, (TNR holds a 0.2% NSR on behalf of a shareholder). Ganfeng’s subsidiary, Litio Minera Argentina, has a right to repurchase 1.0% of the NSR Royalty on the Mariana 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 by Ganfeng Lithium International Co. Ltd.

Mariana Lithium Project** measured and indicated resource: 4,410,000 T of LCE and 49,700,000 T of potash with the additional inferred resource: 786,000 T of LCE and 9,260,000 T of potash.

(Updated Mariana Lithium Project measured and indicated resource: 6,854,000 T of LCE with the additional inferred resource: 1,267,000 T of LCE – Company news release, July 14, 2021)

TNR holds a 7% NPR holding on the Batidero I and II properties with Josemaria Resources Inc. Josemaria Resources is part of the Lundin Group, a portfolio of companies producing a variety of commodities in over 20 countries worldwide.

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.

Shotgun Gold Project*** inferred resource: 705,960 ounces Au at 1.06 g/t, mineralization appears to be open at depth and along the strike.

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, silver 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.

*     “NI 43-101 Technical Report – Preliminary Economic Assessment Update for the Los Azules Project, Argentina” dated October 16, 2017. Prepared by Hatch for McEwen Mining.

**  “NI 43-101 Technical Report Update of Lithium Brine Mineral Resources; Mariana Project, Salar de Llullaillaco, Argentina” dated January 12, 2020. Prepared by Geos for Ganfeng Lithium.

*** “NI 43-101 Technical Report on the Shotgun Gold Project, Southwest Alaska” dated May 27, 2013. Prepared by Nicholas Wyck and Allan Armitage for TNR Gold.




NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

NEWS RELEASE

TNR Gold Announces Close of Non-Brokered Private Placement First Tranche

 

Vancouver, British Columbia – February 22, 2022: TNR Gold Corp. (TSX-V: TNR) (“TNR”, “TNR Gold” or the “Company”) is pleased to announce that it has closed the first tranche of the non-brokered private placement (the “Private Placement”) of up to 5,000,000 units (each a “Unit”) announced on December 22, 2020. On closing, the Company issued 2,400,000 Units at $0.05 per Unit for proceeds of $120,000. Each Unit consists of one common share of the Company and one half of a non-transferable common share purchase warrant (each a “Warrant”) with each whole Warrant exercisable into one common share of the Company at an exercise price of $0.075 per share for two years from the date of issue.  Closing of the final tranche of the private placement will be completed prior to March 15, 2022.

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.

On closing, the Company paid cash finder’s fee of 5% of the gross proceeds sourced by the finders.

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 Konstantin Klip, Director of the Company, both non-arms’ length parties, participated 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.

ABOUT TNR GOLD Corp.

TNR Gold Corp. is working to become the green energy metals royalty and gold company.

Over the past twenty-six 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 0.4% NSR Royalty on the project, which is being developed by McEwen Mining Inc, (TNR holds a 0.04% NSR on behalf of a shareholder).

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 held interests in lithium projects in Argentina, Ireland and Canada.

TNR retains a 2.0% NSR Royalty on the entire Mariana Lithium Project in Argentina with Ganfeng Lithium, (TNR holds a 0.2% NSR on behalf of a shareholder). Ganfeng’s subsidiary, Litio Minera Argentina, has a right to repurchase 1.0% of the NSR Royalty on the Mariana 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 by Ganfeng Lithium International Co. Ltd.

TNR holds a 7% NPR holding on the Batidero I and II properties with Josemaria Resources Inc. Josemaria Resources is part of the Lundin Group, a portfolio of companies producing a variety of commodities in over 20 countries worldwide.

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, silver 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, Ganfeng Lithium’s and Josemaria Resources’ 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., Ganfeng Lithium and Josemaria Resources 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."




Sunday 20 February 2022

TNR Gold Royalty On Los Azules Copper, Gold And Silver With McEwen Mining: World’s Top 10 Copper Mining Projects – 2022



Rob McEwen is moving the giant Los Azules Copper, Gold and Silver Project in Argentina fast-forward. A new resource upgrade is coming with the 10-drill, massive 53,000-metre drilling campaign in San Juan, Argentina. McEwen Mining calls it "the 1st phase". Hopefully, this giant project will grow even bigger. New talent is joining McEwen Copper:



"TORONTO, Feb. 17, 2022 (GLOBE NEWSWIRE) -- McEwen Copper Inc., a subsidiary of McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), is pleased to announce that Michael Meding has joined as Vice President of Andes Corporacion Minera SA. in Argentina. Mr. Meding is accountable for the overall direction and management of the Los Azules copper project in San Juan. He will play a significant role in taking McEwen Copper through its next phases of technical studies, upcoming IPO, and development as a global model for environmentally and socially responsible green mining.

Mr. Meding has over 20 years of international experience, primarily with major mining companies such as Barrick Gold and Trafigura, including extensive experience with project development and operations in Argentina. While at Barrick Gold's Veladero mine in Argentina, he played a key role in the turnaround, extension of the mine life, and subsequent strategic partnering with Shandong Gold. Mr. Meding is trilingual (Spanish-English-German) and holds an MBA from Indiana University in Pennsylvania and an MBA from the Leipzig Graduate School of Management in Germany." (McEwen Mining)

 


Los Azules has already made it into the "World's Top 10 Copper mining Projects - 2022" compiled by Mining.com and Rob McEwen is talking about "Los Azules attracted the attention of large producers such as Vale SA, Anglo American and Barrick Gold Corp as a potential acquisition."   


TNR Gold is plugged into Tesla Energy rEVolution with our royalty portfolio on the giant projects containing Lithium, Copper, Gold and Silver. Ganfeng Lithium is building Mariana Lithium Project's "Phase 1" with the approved 20,000 T of the annual production of Lithium Chloride in Salta, Argentina. 



Now our NSR Royalty Holding on the entire giant Los Azules Copper, Gold and Silver Project is becoming the M&A play with Rob McEwen Midas touch in action. TNR Gold shareholders are dusting off their calculators with Copper prices moving towards $5/lb.



"Nova Royalty Corp paid US$12.75mln for a smaller-sized royalty than TNR’s - which, remember is 0.36% NSR - and at a time when the copper price was much lower.

Some in the market calculate that TNR’s royalty on Los Azules ought to be worth at least US$20mln on that basis, and probably considerably more.

McEwen himself has argued that Taca Taca serves as a good proxy for Los Azules." (Alastair Ford)

 


On the links below you can find more information about TNR Gold Corp. for your own research. Stay safe and join rEVolution!




TNR Gold Royalty Holding On Los Azules Copper, Gold and Silver Project: "Los Azules Attracted The Attention Of Large Producers Such As Vale SA, Anglo American Plc And Barrick Gold Corp. As A potential Acquisition", Rob McEwen Said.



Drills are turning at Los Azules and Rob McEwen is turning heads of the mining executives in the boardrooms of major mining companies all over the world towards Argentina. The rising Copper price can perform miracles. We have seen nothing yet when it comes to major mining companies going FOMO on Energy Transition and Electric Cars



All industry majors are seeking new giant deposits like the Los Azules Copper, Gold and Silver Project to replenish their dwindling mining reserves in order to participate in Energy Transition and Electrification of Transportation. We must build secure supply lines to feed Tesla Energy rEVolution.



Any of these names, Rob McEwen is talking about: Vale SA, Anglo American Plc and Barrick Gold Corp. - will bring the necessary catalyst to TNR Gold with our NSR Royalty Holding on the entire giant Los Azules Copper, Gold and Silver Project. Let's see what kind of magic Rob McEwen can produce this time. Upcoming drilling results promise to bring Los Azules into headlines again and, hopefully, this giant deposit can grow even bigger. 



After Ganfeng's US$600 million investment plan for Mariana Lithium, TNR Gold can have another solid partnership between McEwen Mining and one of the largest mining companies in the world which will be moving Los Azules Copper towards production. As you remember, this is the unique opportunity for Barrick Gold to gain a solid footing in San Juan with a new major development at Los Azules Copper, Gold and Silver Project, which maybe can help later to bring to life the giant "landscaping exercise" left unfinished at Pascua Lama.



TNR Gold is plugged into Tesla Energy reVolution with our royalty portfolio. Ganfeng Lithium is building Mariana Lithium Project's "Phase 1" with the approved 20,000 T of the annual production of Lithium Chloride in Salta, Argentina. 



Now our NSR Royalty Holding on the entire giant Los Azules Copper, Gold and Silver Project is becoming the M&A play with Rob McEwen Midas touch in action. On the links below you can find more information about TNR Gold Corp. for your own research. Stay safe and join rEVolution!





"Vast deposits and more welcoming policies have turned Argentina into a lithium hot-spot in recent years. Now the global copper industry is taking another look at the South American nation. 

That’s the view of Rob McEwen, whose namesake company is drilling a property in San Juan province near the border with Chile. Called Los Azules, it’s attracted the attention of large producers such as Vale SA, Anglo American Plc and Barrick Gold Corp. as a potential acquisition, he said. All three companies declined to comment." Mining.com




TNR Gold NSR Royalty Holding With McEwen Mining - McEwen Copper: Los Azules Progress Report




We are very pleased to see this very exciting and significant development for the Los Azules Copper Project and continued support by Rob McEwen of the newly created McEwen Copper,” stated Kirill Klip, TNR’s Executive Chair. “It’s very encouraging to see a start of a major 10-drill, 53,000-metre drilling program on this giant copper, gold and silver project. The personal commitment from Rob McEwen and his investment of US$40 million enables the rapid advancement for this major deposit to this new phase of development in an appropriate corporate structure which will allow financing and further stages of development of the Los Azules Copper Project.



TNR Gold holds a 0.4% NSR royalty on the entire Los Azules Copper Project (TNR holds a 0.04% on behalf of a shareholder). TNR Gold does not have to contribute any capital for the development of Los Azules. 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.”





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.



Canadian Mining Journal:

RANKED: World’s top 10 copper mining projects – 2022


"Copper, often called the bellwether metal as a barometer of global economic health, is a metal vital to the green energy transition. Demand has been growing for the red metal, and energy and metals researcher Wood Mackenzie expects end-use copper demand from passenger EVs to jump to around 2.9 million tonnes over the next decade from about 600,000 tonnes in 2021.

For a snapshot of the copper supply chain of tomorrow, MINING.COM and sister company Miningintelligence compiled a list of the top 10 largest undeveloped copper projects and ranked them according to copper resources in the measured and indicated and inferred categories.

Based on our criteria, we excluded Udokan Copper’s Udokan in Russia, Zijing’s Timok in Serbia and Anglo American’s Quellaveco in Peru, which have moved into the construction and commissioning phases.

#1 Pebble

Development status: Preliminary Economic Assessment. Geology: Porphyry, Supergene Copper

Northern Dynasty Minerals’ Pebble project in the Bristol Bay region of Alaska leads the list by a distance, containing 37.18 million tonnes (mt) of copper. Pebble has been plagued with controversy, delays and environmental opposition over the years, and the project’s key water permit was formally rejected by the US Army Corps of Engineers last year.

This year, the Biden administration said it will relaunch a process that could permanently protect Bristol Bay from development. The decisions are currently being challenged by Northern Dynasty Minerals, and in October 2021 the company released a preliminary economic assessment. If permitted, Pebble would be North America’s largest mine.

#2 Resolution

Development status: Feasibility. Geology: Porphyry

Rio Tinto and BHP’s Resolution copper project in Arizona comes in second with a 27.7 mt copper resource. The world’s top two miners have spent $2 billion over 26 years trying to launch Resolution into production, but have faced continued opposition from Native American groups and environmentalists. A 2014 decision by former President Barack Obama and Congress set in motion a complex process to give Rio federally owned Arizona land that contains more than 40 billion pounds of copper and would be one of the world’s largest underground mines.

#3 La Granja

Development status: Advanced Exploration. Geology: Porphyry

Rio Tinto’s La Granja property in Peru is in third place with 22.06 mt of copper. Rio Tinto acquired La Granja over 12 years ago, but renewed the concession in 2019 and paid $5m to continue exploring. The same year, it was rumored that Rio may team up with First Quantum to develop the mine.

#4 KSM

Development status: Prefeasibility. Geology: Porphyry, Skarn

Seabridge Gold’s Kerr-Sulphurets Mitchell (KSM) project in British Columbia is in fourth place with 21.25 mt of copper. The $5.3 billion project hosts four mineral deposits that will be operated as a combined open-pit and underground mine. Late last year, Seabridge announced its plans to reshape KSM by integrating the Snowfield porphyry deposit, acquired from Pretium Resources in December 2020.

#5 Nueva Union

Development status: Prefeasibility. Geology: Porphyry

Teck and Newmont’s Nueva Unión 50/50 joint venture in Chile takes fifth place with a 16.69 mt copper resource. The project is located in the Atacama region, and annual copper production is estimated at 224,000 tonnes during first 5 years of production.

#6 Tampakan

Development status: Feasibility. Geology: Porphyry

The Tampakan deposit on the Philippine island of Mindanao is in sixth place with 15.25 mt of copper. Sagittarius Mines is seeking local approval for the proposed mine, which is estimated to yield an average of 375,000 tonnes of copper a year over a 17-year mine life.

#7 El Pachon

Development status: Advanced Exploration. Geology: Porphyry

Glencore’s El Pachón copper and silver project in San Juan Province Argentina takes the seventh spot with a 15.04 mt resource. Glencore acquired the project from Xstrata Copper – El Pachón is a major long-life development project with the potential to initially produce 400,000 tonnes of copper per year.

#8 Los Azules

Development status: Preliminary Economic Assessment. Geology: Porphyry, Supergene Copper

McEwen Mining formed a new company, McEwen Copper, to advance the 13.42 mt Los Azules project in Argentina. The first thing the company said it intends to do is construct a new, low-altitude northern access road to provide year-round access to the site. The current exploration road is only passable about five months a year.

#9 Twin Metals

Development status: Prefeasibility. Geology: Magmatic Sulphide

Angofagasta’s beleaguered Twin metals project in Minnesota rounds out the top ten with 12.96 mt of copper. The company has asked US officials to reconsider a proposed 20-year ban on mining in Minnesota’s Boundary Waters region, a plan announced last fall that would block Twin Metals altogether.

#10 Frieda River

Development status: Feasibility. Geology: Epithermal, Porphyry

Guangdong Rising’s Freida River project in Papua New Guinea rounds out the list with a 12.45 mt resource. Freida River’s estimated mine life is 20 years.

Download the data at Miningintelligence."




Sunday 13 February 2022

TNR Shotgun Gold: "Decision Time" - The Pitch For Elevation To Climb A Huge Wall Of Worry

 


Guest post:

TNR Shotgun Gold: "Decision Time" - The Pitch for Elevation to Climb a Huge Wall of Worry





Chart by NorthStar


FOMO is driving everything in the markets these days. NorthStar is talking in his brilliant charts about "Decision Time" for Gold and now you can start FOMO chasing Gold as well. 



The last sell-off in the markets has confirmed an almost 100% correlation between Tech Stocks and Bitcoin while the correlation between Gold and Bitcoin happens to be now nearly zero. Gold is The Ultimate Hedge.



 

Gold becomes The Ultimate Hedge for all portfolios constructed with equities, bonds and crypto-assets. Incrementum provides us with a very interesting reminder about FED, Gold and rate hikes by Greenspan.  



A lot of very smart people will be surprised to find out that "Gold bottomed soon after Greenspan's 1st hike in 1999 - 1st rate hike on 30th of June 30, 1999, and low of Gold for the Cycle on 20th of July, 1999". 


Otavio Costa provides us with the big picture view on Gold relative to S&P 500. As usual, even the very small percentage of funds flowing from equities and crypto can start the real fireworks in the Gold market.
  
Chart by Patrick Karim

Patrick Karim is painting with his beautiful charts the wonderful picture of the magnitude of these fireworks and potential targets for this Next Leg Up of the Mega Gold Bull Market. 

Chart by Patrick Karim

We are getting closer to The Next Catalyst for Gold. The whole new generation of investors has to learn the hard way history lesson. They must find the real, solid values after being used, disillusioned and thrown away by "The Ponzi on Steroids". "The Thousand and One" digitized scams known to humans remain scams even on the blockchains. 


There is no Gold 2.0 - there are over 5,000 years of history of Gold and humankind.


Gold mining stocks are ready after another confirmation of the inflation impulse to drive their owners into the future climbing up over a huge wall of worry.



Gold and silver miners are hitting another major oversold condition in the marketplace. The right entry point will always defy the probability of your investment success and now we have another truly unique entry point for the best mining stories. 


Central banks continue to accumulate Gold while retail investors are chasing Crypto Dragons. 

"Goldman Sachs telling investors to buy Gold". And there is a "whale" circling around under the surface of the financial waters and scooping all Gold that falls from the shaken weak hands below $1,800. Nobody knows the future or when exactly Gold will hit its next target of $3,200, as Alasdair Macleod calls it now. For us, at TNR Gold, it is important to have as much Gold as we can find by that time."
 


Do not miss the wake-up call when Gold will be hitting the next all-time high coming out of this very powerful Cup-and-Handle formation.




TNR Gold shareholder NovaGold is putting the Peak Gold situation into perspective after reporting another set of great exploration results at the Donlin Gold Project in Alaska. Barrick Gold CEO is talking about "unlocking the tremendous potential of Donlin Gold" and it is time for us to discuss the value proposition of Shotgun Gold. Smart money is accumulating the best Gold Stories to climb over a huge wall of worry following another major leg up for this Gold Bull Market propelled by the surge of inflation.


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.

 


Shotgun Gold is a Project located in South West Alaska, USA, in the same regional area as Novagold’s Donlin Gold Project. 



Lang’s & Baker’s 2001 academic study specifically identifies both projects as ‘major porphyry granite related gold deposits’ that are related to a widespread magmatic gold mineralising event. Riveting stuff. What it implies in layman’s terms is that both projects arose from the same geological kitchen sink, leading one to the supposition that they should both possess similar favourable geological properties. 


To that effect, Shotgun’s general mineralisation style resembles the neighbouring Donlin Gold project. For instance, Shotgun’s particular intrusion is associated with 69.7Ma magmatism while Donlin Gold holds 70ma magmatism. 


Shotgun’s particular boon is in the details. Shotgun’s mineralisation has been identified to possess little-to-no ‘nugget effect’. A high ‘nugget effect’ means high variability between samples that are closely spaced. ‘No nugget effect’ implies tight-fisted uniform mineralisation of a bulk tonnage gold system. There’s no need to dig up empty rock space so the stripping ratio for any potential mine will be low, keeping costs way down.


What’s more, when a system’s topographical layout lines up neatly at the top of a ridge-like Shotgun’s does, it means the extraction of resource systems in similar conditions is very efficient - there is no need to remove layers of empty waste rock by tentatively stripping the ridge. Instead, one decisively takes the top of the hill in its entirety. Shotgun’s targeted bulk tonnage gold system runs from the very surface down to *at least* a depth of 150m (Open). ‘Open’ means exploration to date has not identified the end of the mineralization from the drilling performed so far. 


For the Shotgun Gold Project, Shotgun Ridge is just one of the multiple gold target areas controlled by TNR Gold. ‘Shot’, ‘King’ and ‘Winchester’ add to the collection to form a distinct district with five (5) separate gold exploration targets identified so far. 


The Company is actively introducing Shotgun Gold to potential partners to decisively drill the entirety of these prospects. The objective of such a partnership would be to expand the known area of mineralisation, define new mineralised areas and conclusively assess the Project’s potential top-end valuation. 


We need to bring US$10mln in to drill the project very strongly,” says TNR Gold Executive Chairman Kirill Klip. “The first US$5mln to take the project from the current 700,000-ounce resource up to the two million ounce mark, the rest to drill out five nearby targets. There’s no reason to suppose that our ground cannot hold multiple mineralised systems.”





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.