Los Azules, Argentina
LOS AZULES COPPER PROPERTY
On October 17, 2014 TNR Gold Corp. and McEwen Mining Inc. agreed to convert TNR’s back-in right to a NSR on the Los Azules property. (For details please see Oct.17_2014NR)
Los Azules ranks as one of the top world class deposits that are currently for sale and in a low risk jurisdiction. TNR has been granted a 0.36% NSR on the entire deposit and will get 1% of any purchase price paid to & received by McEwen in respect of any sale, assignment of transfer of all of its interest in the Project.
Plate 1: Location of the Los Azules project, San Juan, Argentina. Source: “Los Azules Porphyry Copper Project,” NI43-101 Technical Report by Samuel Engineering Inc. for McEwen Mining Inc., August 1, 2012. Figure 4.1 pp. 30
Plate 12: Mineral rights and surface rights boundaries surrounding the Los Azules copper project mineral resource outline. Source: TNR Gold Corp.
Plate 13: General site layout at the Los Azules copper project.
Statements on this page 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. The page 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. In particular, there are no assurances that the Company will receive other unsolicited proposals or decide to commence a formal sale process or that, if commenced, such sale process would result in an attractive offer and sale of the Company. There are no assurances that the Company will achieve a favourable outcome in the Los Azules litigation.
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