TNR Gold Corp. (“TNR,”) is pleased to announce preliminary copper results from the first hole of a 7-hole diamond drilling program at the El Tapau project in Argentina. Interpretation and analysis of precious metals and other elements are pending.
Drill hole ET-08-01 was angled at 060/60 degrees and drilled to a depth of 440.40 metres. The drill hole ET-08-01 was collared proximal to a tourmaline breccia hosted within granodiorite intrusion. It intersected variably mineralized (pyrite-chalcopyrite) both breccia and tourmalinized granodiorite host. The best mineralized intercepts has returned the following assays results:
The entire core for hole ET-08-01 was sampled and cut in half with a diamond saw which was then processed, analyzed, and reported from an ISO-9001 fully accredited analytical facility Alexis Stewart Assayers in Mendoza, Argentina.
TNR is encouraged with the initial results obtained from this hole with the best copper grades coming from what appears to be a zone of enrichment.
Gary Schellenberg, CEO and President of TNR, said “The presence of native copper and chalcocite mineralization in our first hole is very encouraging. Given these new results, we will reinterpret our geophysics and complete detailed mapping over the area to pinpoint the location of additional drill holes.”
Ike Osmani, P.Geo, Chief Geologist of TNR, is the designated Qualified Person for the El Tapau project, and has prepared and approved the technical information contained in this news release.
The El Tapau copper-gold property, occurring within the eastern Andes of the San Juan Province, is strategically located approximately 50 km north-northwest of TNR’s El Salto property. El Tapau has had historic gold and copper production from numerous underground workings. However, complete records do not exist regarding quantities and grades.
In 2007, a 3D IP survey and limited mapping and litho-geochemical sampling program were conducted in selected areas of the property. A second phase of the geological survey, consisting of mapping and sampling programs, was initiated in early 2008. Systemic bedrock sampling by Petra Gold in 2006 outlined a 2,500 metre by 1,000 metre area with values ranging from trace to 19 g/t gold, averaging 2.2 g/t gold from 157 rock sample sites.
The current drill program is testing several main targets including the gold vein area in the west-central portion of the property and the porphyry copper-gold targets in the northeastern corner, of which assays results are pending.
ABOUT TNR GOLD CORP.
TNR is a base and precious metals exploration company focused on aggressively identifying new prospective projects as well as fostering work on its large portfolio of 15 properties in Argentina. The company’s focus over the next 12 months is the exploration and development of its El Tapau, El Salto, and Eureka projects in Argentina as well as overseeing the exploration and development of the Iliamna and Shotgun projects in Alaska through its wholly owned US subsidiary.
On behalf of the board,
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release. Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company’s future plans and objectives or expected results, are forward-looking statements. News release contains certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company’s business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.