TNR Gold Corp. (“TNR”) is pleased to announce that exploration crews and project equipment are currently being mobilized to its El Tapau Project, located 130 kilometres west of the city of San Juan, in San Juan province.
Work on the El Tapau Project will commence immediately. It will focus on an area of 600m by 400m that yielded gold values ranging from trace to 19 g/tonne averaging 2.2 g/t from 157 sample sites collected from previous exploration. A geophysics program is being developed to further define a strong large chargeability high, approximately 1.5 km by 2.0 km (east-west) in extent, underlying this area and open to the northwest.
This work program’s goal is to locate targets for a Phase I drill program of approximately 5000m later this fall. Results of this program will be released as they become available.
The El Tapau Project is believed to host an intrusive-related gold system in the Frontal cordillera of the eastern Andes. Numerous historical underground copper mines are located on the claim, and quartz stockwork zones are common throughout the project area.
El Tapau is strategically located in proximity to the Company’s El Salto property, which will allow for work programs to be carried out simultaneously on both programs. El Tapau and El Salto properties are accessible year-round by paved and dirt roads.
This news release has been prepared under the supervision of John Fraser, P.Geo (BC), TNR’s Qualified Person as defined by NI-43-101.
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.