TNR Gold Corp. (“TNR”) has filed a Canadian National Instrument 43-101 (“NI 43-101”) compliant report on SEDAR on its Eureka project, a copper-gold prospect, located in the Jujuy Province of Argentina.
This Report was written by James Chapman, P. Geo. and summarizes all historic data available on the project and makes recommendations for further exploration of the project.
The detailed Technical Report is available on SEDAR (www.sedar.com) and TNR encourages public to review this Report.
The property, which comprises of 4788.49 hectares of land holdings within the Argentinean portion of the regionally extensive Bolivian-Argentinean Tertiary Belt, is known to host “Red Bed” copper deposits such as ‘Corocoro’ (>80.0 MT @0.6% Cu) in southwest Bolivia. The Eureka property, which is located in northern Argentina near the Bolivian border, also contains Red Bed-type stratabound copper mineralization hosted by fluvial sediments consisting of sands, clays and conglomerates similar to the deposit settings in the Bolivian part of the Tertiary Belt. Alluvial gold in basal conglomerate of Eureka Formation and auriferous quartz veins has also been reported to occur on the property.
The Eureka property has a geological estimate of between 50 to 60 Mt grading 1% copper (historical resource estimates which do not comply with NI 43-101 standards) (please see “TNR News Release — October 23, 2007”). Exploration work, recommended in the Technical Report, is underway on the Eureka property and will include geological and geophysical surveys, trenching and geochemical sampling. The property, which contains over 5 km of historic underground workings, will also be drill-tested to determine the continuity and extent of the mineralized horizons.
This news release has been prepared under the supervision of Ike Osmani, P.Geo., TNR’s qualified person on this news release.
ON BEHALF OF THE BOARD,
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this 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.