TNR Gold Corp. (“TNR”) is pleased to announce that a diamond-drilling program has been scheduled to commence as soon as weather and land conditions permit on its Tyner Lake Copper Project (“Tyner Lake”), located in southern BC, Canada. The program, funded through proceeds raised by the recently closed private placement (see January 25, 2007 news release), will consist of drilling three targets, generated by TNR’s 2006 3D-IP geophysical survey on the property, for a total length of approximately 800m — 900m.
The 2550 hectare Tyner Lake claims are located in the Guichon Creek Batholith area, which hosts the Highland Valley Copper Mine and is expected to average approximately 400,000 tonnes production of copper concentrate per annum (Teck Cominco Limited website). Exploration work in the late 1960s and early 1970s identified several copper-in-soil anomalies in and at the margin of a poorly exposed quartz monzonite intrusive. These copper anomalies, completely covered by overburden, were tested by electromagnetic and magnetic surveys that confirmed the presence of numerous conductive zones, which were never drill tested. TNR’s 2006 survey has provided TNR with numerous drill targets that will assist company geologists in testing the claim’s geology and in determining the exact nature of the anomaly.
To earn its 100% interest in Tyner Lake, TNR agreed to pay a total of CDN$100,000 to the vendor and expend a minimum $35,000 in exploration costs before June 15, 2007. TNR has already met its minimum exploration-costs requirement and has paid the vendor $25,000 thus far. The Tyner Lake Copper Property is subject to a 1% Net Smelter Return held by the vendor upon commencement of commercial production.
This news release has been prepared under the supervision of Paul Metcalfe, Ph.D., P.Geo, TNR’s qualified person on this news release.
On Behalf of the Board,
Gary Schellenberg,
Director
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.