TNR Gold Provides Los Azules Copper Royalty And Corporate Update
TNR Gold Provides Los Azules Copper Royalty And Corporate
Update
Vancouver B.C. April 6, 2017: TNR Gold Corp. (TSX-V: TNR) (“TNR” or the “Company”) is
pleased to announce the appointment of Maurice Brooks as Director of the Company.
Mr. Brooks was appointed Interim Chief Financial Officer of the Company earlier this year. He
is a licensed senior statutory auditor in the UK and has been a senior partner in Johnson,
Smith & Co., Chartered Accountants and Statutory Auditors since 2000. P reviously, he was
Finance and Deputy Managing Director of a vehicle producer, an Investment Accountant for
the Western Australian Government, and served in the audit department of
PricewaterhouseCoopers, UK.
“Mr. Brooks brings a unique skillset to the board of directors of TNR and shares our vision to
move the Company forward,” stated Kirill Klip, Executive Chairman of TNR Gold Corp.
Los Azules Project, Argentina
In a news release dated March 1, 2017, McEwen Mining Inc. (“MM”) reported on its 100%
owned Los Azules copper project, located in San Juan province, Argentina . MM reported that
US $6.4 million was allocated to drilling in the first quarter of 2017 and an additional US $3.2
million is committed to other works and studies to advance the Los Azules project. TNR holds
a 0.36% Net Smelter Returns Royalty (“NSR”) on the Los Azules project.
Information on MM, including news releases, is available under the MM profile on SEDAR at
www.sedar.com and on the MM website, where further details of the Los Azules project can be
found.
Kirill Klip further comment ed, “I am pleased to see that McEwen Mining is continuing to
advance exploration at Los Azules. Strength in copper prices recently reported in the media is
encouraging and with the new busine ss friendly environment in Argentina , we hope that this
will have a positive impact on the project.”
Other News
The Company announces the appointment of Patricia Fong, CPA, CMA , as Chief Financial
Officer. Patricia Fong brings over twenty years of experience working with public companies in
the resource sector.
The Company also announces that John Harrop has resigned from his position as Vice
President, Exploration. The Company would like to thank Mr. Harrop for his many years of
1111 Melville Street, Suite 1100
Vancouver, British Columbia
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T: 604-700-8912
E-mail: [email protected]
Website: http://www.tnrgoldcorp.com
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service and his technical guidance in helping to build the Company’s current portfolio of
projects.
ABOUT TNR GOLD CORP.
Over the past twenty -two years, TNR, through its lead generator business model, has been
successful in gener ating high quality exploration projects around the globe. With the
Company's expertise, resources and industry network, it identified the potential of the Los
Azules copper project in Argentina and now holds a 0.36% NSR on the prospect.
TNR is also a major shareholder of International Lithium Corp. (TSX:ILC) (“ILC”), with current
holdings of approximately 16% of the outstanding shares of ILC. ILC holds interests in lithium
projects in Argentina, Ireland and Canada.
TNR also has a 2% NSR royalty on the Mariana lithium brine project in Argentina under which
ILC can purchase half (1%) for US $1 million. The project is currently being advanced in a joint
venture between ILC and Ganfeng Lithium International Co. Ltd.
At its core, TNR provides significant exposure to gold and copper through its holdings in
Alaska (the Shotgun gold porphyry project) and Argentina , and is committed to continued
generation of in -demand projects, while diversifying its markets and building shareholder
value.
On behalf of the Board of Directors,
Kirill Klip
Executive Chairman
www.tnrgoldcorp.com
For further information concerning this news release please contact +1 604-700-8912
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
Except for statements of historical fact, this news release contains certain “forward -looking
information” within the meaning of applicable securities law. Forward -looking information is
frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”,
“anticipate”, “estimate”, “will”, “could” and other similar words, or statements that certain events
or conditions “may” or “could” occur. Such forward-looking information is based on a number of
assumptions and subject to a variety o f risks and uncertainties, including but not limited to
those discussed in the sections entitled “Forward -Looking Statements” in the interim and
annual Management’s Discussion and Analysis which are available at www.sedar.com. While
our management believes that the assumptions made are reasonable, should one or more of
the risks, uncertainties or other factors materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described in forward -looking
information. Forward-looking information herein, and all subsequent written and oral forward -
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looking information are based on estimates and opinions of management on the dates they are
made and are expressly qualified in their entirety by this cautionary statement. E xcept as
required by law, the Company assumes no obligation to update forward -looking information
should circumstances or management’s estimates or opinions change.