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Showing posts with label Nevada. Show all posts
Showing posts with label Nevada. Show all posts
Tuesday, April 27, 2010
Jay Taylor Watch List "In Our Sights": TNR Gold corp.: TNR.v, CZX.v, MAI.to, ABX, NG.to, WLC.v, CLQ.v, RM.v, SQM, FMC, ROC, GOOG, AAPL, FCX, RIMM, F
0 comments Posted by andre at 5:10 AM
"TNR Gold Corp. is employing the project generator model. For those of you who may not know what a project generator model is, a word of explanation is in order. “Project generators” are companies that pick up early stage exploration ground when there are historical or scientific reasons to believe a property is prospective for a given mineral. Because these properties are obtained at an early stage of development, the cost of obtaining them is very low.As a project generator, TNR then uses its intellectual capital rather than hard currency capital to add value to its shareholders. By carrying out relatively low cost early exploration work, it demonstrates with greater confidence, the potential for a given property to host an economically viable mineral deposit. At that point in time, TNR hopes to bring in other companies that are willing and able to spend considerably more money to explore and advance those prospects toward production. TNR will generally retain a carried interest in those prospects into the future or at least a Net Smelter Return on any future production from the property. The prospect generator model is in theory a less risky model because, if other companies are spending considerable amounts of money, they can reduce the number of shares issued to raise capital."
Jay's Watch List March 30th Show featured TNR Gold Corp.
Company update:
TNR Gold Corp. has entered into a letter agreement with Cricket Capital Corp. on the Company's 100% owned Forgan Lake property located 125km northeast of Thunder Bay, OntarioIn addition, the Company has commenced drilling at the Mariana Lithium brine project in Argentina, and it has increased its land position in Nevada to 5,285 hectares through staking and has commenced a geophysical program on its Mud Lake project, Nye County, Nevada. The Company proposed to waive the production of a feasibility study and exercise its right to acquire 25% of the northern half of the properties for Minera Andes' Los Azules Project in Argentina.
TNR established June 8, 2010 as a date of the meeting date for shareholder approval of the previously announced spin-out of TNR's lithium and rare metals assets into its wholly-owned subsidiary, International Lithium Corp. TNR shareholders of record on the date of the spinout, planned for late June or early July, will receive one share and one fully tradable warrant of International Lithium Corp. for every 4 shares of TNR."
We have a position in this company, please, do not consider anything as an investment advise, as usual, on this blog.
Jay Taylor Watch List "In Our Sights": TNR Gold corp.: TNR.v, CZX.v, MAI.to, ABX, NG.to, WLC.v, CLQ.v, RM.v, SQM, FMC, ROC, GOOG, AAPL, FCX, RIMM, F
0 comments Posted by andre at 5:10 AM
"TNR Gold Corp. is employing the project generator model. For those of you who may not know what a project generator model is, a word of explanation is in order. “Project generators” are companies that pick up early stage exploration ground when there are historical or scientific reasons to believe a property is prospective for a given mineral. Because these properties are obtained at an early stage of development, the cost of obtaining them is very low.As a project generator, TNR then uses its intellectual capital rather than hard currency capital to add value to its shareholders. By carrying out relatively low cost early exploration work, it demonstrates with greater confidence, the potential for a given property to host an economically viable mineral deposit. At that point in time, TNR hopes to bring in other companies that are willing and able to spend considerably more money to explore and advance those prospects toward production. TNR will generally retain a carried interest in those prospects into the future or at least a Net Smelter Return on any future production from the property. The prospect generator model is in theory a less risky model because, if other companies are spending considerable amounts of money, they can reduce the number of shares issued to raise capital."
Jay's Watch List March 30th Show featured TNR Gold Corp.
Company update:
TNR Gold Corp. has entered into a letter agreement with Cricket Capital Corp. on the Company's 100% owned Forgan Lake property located 125km northeast of Thunder Bay, OntarioIn addition, the Company has commenced drilling at the Mariana Lithium brine project in Argentina, and it has increased its land position in Nevada to 5,285 hectares through staking and has commenced a geophysical program on its Mud Lake project, Nye County, Nevada. The Company proposed to waive the production of a feasibility study and exercise its right to acquire 25% of the northern half of the properties for Minera Andes' Los Azules Project in Argentina.
TNR established June 8, 2010 as a date of the meeting date for shareholder approval of the previously announced spin-out of TNR's lithium and rare metals assets into its wholly-owned subsidiary, International Lithium Corp. TNR shareholders of record on the date of the spinout, planned for late June or early July, will receive one share and one fully tradable warrant of International Lithium Corp. for every 4 shares of TNR."
We have a position in this company, please, do not consider anything as an investment advise, as usual, on this blog.
Wednesday, April 7, 2010
Jay Taylor interviews TNR's Gary Schellenberg, Executive Chairman of Board & President TNR.v, CZX.v, MAI.v, NG.to, ABX, GG, FCX, WLC.v, LI.v, FMC, FXI
0 comments Posted by andre at 6:14 AM
Please listen to Jay Taylor interview Mr. Gary Schellenberg, Executive Chairman of Board and Executive at TNR Gold Corp.
March 30, 2010
Gary Schellenberg talks to Jay Taylor about International Lithium spin out within next 60 days according to TSX filing, outlook for Lithium market and announce next spin out of Bristol Exploration Corp. - Gold and Copper assets in Alaska.
Jay Taylor interviews TNR's Gary Schellenberg, Executive Chairman of Board & President TNR.v, CZX.v, MAI.v, NG.to, ABX, GG, FCX, WLC.v, LI.v, FMC, FXI
0 comments Posted by andre at 6:14 AM
Please listen to Jay Taylor interview Mr. Gary Schellenberg, Executive Chairman of Board and Executive at TNR Gold Corp.
March 30, 2010
Gary Schellenberg talks to Jay Taylor about International Lithium spin out within next 60 days according to TSX filing, outlook for Lithium market and announce next spin out of Bristol Exploration Corp. - Gold and Copper assets in Alaska.
Tuesday, February 16, 2010
Japan Oil, Gas and Metals National Corporation Signs $2.5 Million USD MoA to Earn 51% of Lomiko's Nevada Lithium Brine Property LMR.v, TNR.v, RM.v,
0 comments Posted by andre at 9:53 AM
M&A in Lithium space continues with very aggressive pace: today we have two deals announced. First one is in Argentina and another one is in Nevada. JOGMEC is very active now in Lithium space along with other Japanese companies. It has participated in deal with Orocobre in Argentina and now moves in the J/V with this small Junior. Our thesis that there is place for another lithium producers could be considered to be proven now. Other Juniors involved in Lithium exploration and development could expect increased valuation and interest from end users as well.
Among them, International Lithium Corp. has delivered a presentation in Las Vegas focused on exploration in Nevada and Argentina. This company will benefit along with Rodinia Minerals from more attention to Nevada Lithium Brine properties.
All Japanese companies presented corporate structures with Lithium and REE divisions formed as part of the supply chain for Japanese multinationals. They are all hunting for resources to lock them in. It looks like almost a military operation with divisions on all elements of Lithium batteries and electric powertrain for the production supply chain".
Press Release Source: Lomiko Metals Inc. On Tuesday February 16, 2010, 8:00 am EST
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 02/16/10) - LOMIKO METALS INC. (TSX-V:LMR - News)(PINK SHEETS:LMRMF - News)(Europe: ISIN: CA54163Q1028, WKN: A0Q9W7) ("Lomiko" or "the Company") is pleased to announce that Japan Oil, Gas and Metals National Corporation ("JOGMEC") has entered into a Memorandum of Agreement ("MoA") with Lomiko Metals Inc. and its wholly-owned subsidiary Lomiko Metals USA LLC ("Lomiko USA") to acquire 51% of Lomiko's Alkali Lake Project ("the Property") in Esmeralda after completing $2.5 million USD in work no later than March 31, 2013.
Japan Oil, Gas and Metals National Corporation (JOGMEC) was established on February 29, 2004. JOGMEC integrates the functions of the former Japan National Oil Corporation, which was in charge of securing a stable supply of oil and natural gas, and the former Metal Mining Agency of Japan, which was in charge of ensuring a stable supply of nonferrous metal and mineral resources and implementing mine pollution control measures. Further details are available at: http://us.lrd.yahoo.com/_ylt=Ao_sFbvEolL8YCzuvr6ZeWStcq9_;_ylu=X3oDMTE2cGZuYmkyBHBvcwMxBHNlYwNuZXdzYXJ0Ym9keQRzbGsDaHR0cHd3d2pvZ21l/SIG=114eqevh0/**http%3A//www.jogmec.go.jp/english.
Both parties must contribute based on a 51/49 ratio to retain their interest after the Earn-in-Date. JOGMEC has the Right of First Refusal to acquire the remaining interest in the property after the Earn-in-Date and may accelerate the Earn-in-Date by completing required expenditures early. JOGMEC also has the right to transfer its interests in the Alkali Lake Property, in whole or in part, to one or more Japanese companies or a consortium of Japanese companies. JOGMEC shall have exclusive right to direct the marketing of minerals or mineral materials removed from the Property on behalf of the Joint Venture for a 10 year period from the date of first commercial production.
The above agreement is subject to a 30 day due diligence period that may be extended to not more than 90 days. Once above due diligence is satisfied by JOGMEC, Lomiko and JOGMEC will form a Joint Venture Management Committee to direct exploration and Lomiko will act as Operator. JOGMEC shall prepare an initial draft of the definitive agreement between the parties to the MoA. Any Exploration expenditures by Lomiko from January 17, 2010 to present will be credited to the Joint Venture and compensated accordingly.
The Company's subsidiary Lomiko Metals USA LLC, located 552 lode claims comprising 4,615.4 Ha or 11,404.9 acres in Esmeralda County, Nevada. The staking covers a large portion of Alkali Flat Salt Lake in Montezuma Valley which is prospective for economic grades of lithium and other materials. America's only lithium production facility owned by Chemetall Foote, a subsidiary of Rockwood Holdings (NYSE:ROC - News) is located 15 km away by road in the Clayton Valley, immediately to the west. In addition to lithium carbonate, Silver Peak is one of the world's leading producers of lithium hydroxide. The U.S. government recently awarded Chemetall US $ 28.4 million USD to upgrade and expand the Silver Peak lithium brine mine as part of a program to supply sufficient lithium for the next generation of electric vehicle batteries (Resource World, Vol. 8, Issue 1). Details on Chemetall Foote's Silver Peak Property are available at: http://us.lrd.yahoo.com/_ylt=Am63yRIxavzOUUdK641Zhl6tcq9_;_ylu=X3oDMTE2NWNtdjhsBHBvcwM0BHNlYwNuZXdzYXJ0Ym9keQRzbGsDaHR0cHd3d2NoZW1l/SIG=1157d8ic4/**http%3A//www.chemetalllithium.com/.
Montezuma Valley (also known as Alkali Flat) formed in a structural basin, a down-faulted and rotated crustal block caused by tensional spreading forces common to the Basin and Range province of Nevada and nearby states. The faulted blocks, which often result in the creation of closed basins, are composed of a variety of Precambrian and Paleozoic rocks overlain by younger volcanic rocks ejected from a nearby eruption during the Tertiary. It is these volcanic rocks, some containing high lithium values, that are considered to be the source of lithium found in subsurface brines in Clayton Valley. Lithium, along with numerous other elements, was liberated from the rocks through mechanical and chemical weathering processes and transported into the basins. Subsequent climatic changes in the Quaternary resulted in the enrichment of lithium solutions by evaporation. Montezuma Valley and the Kar claims are located immediately east of Clayton Valley. The two valleys are separated by the Paymaster fault and share the exposed Precambrian and Paleozoic basement rocks covered by tertiary volcanic rocks of Paymaster Ridge.
Mr. Garth Kirkham, P.Geo, is the Qualified Person responsible for the technical content of this news release.
To view accompanying map, please click on the following link: http://us.lrd.yahoo.com/_ylt=AgLCyohBcSILn.hALH8ZIlOtcq9_;_ylu=X3oDMTE2bW0wMWRyBHBvcwM1BHNlYwNuZXdzYXJ0Ym9keQRzbGsDaHR0cHd3d21hcmtl/SIG=11rtsicb8/**http%3A//www.marketwire.com/library/20100215-lmr2168.jpg
On behalf of Lomiko Metals Inc.
Paul Gill, President & CEO"
Thursday, February 4, 2010
Gold: Bravo Acquires Nevada Project in Cortez district from Agnico-Eagle BVG.v, AEM, GDL, GDX, HUI, XAU, ABX, GG, TLT, NEM, FCX, UXG
0 comments Posted by andre at 12:07 PM
Bravo Venture Group Inc. (BVG - TSX Venture) (the "Company" or "Bravo") reports today that its wholly owned US subsidiary, Bravo Alaska, Inc., has signed an agreement with Agnico-Eagle (USA) Limited (“Agnico”), a subsidiary of Agnico-Eagle Mines Limited, to acquire their NSR property, located in the western portion of the Cortez Mining district. “The Cortez district hosts a major percentage of the gold discovered to date along the prolific Battle Mountain-Eureka Gold trend in central Nevada, and we are pleased to add such a significant property position within this important district to our existing portfolio of twelve properties along the trend. We plan to use this property position as a starting point to further expand our involvement in this exciting district,” commented President Joe Kizis. The property consists of 161 lode mining claims (approximately 1,300 hectares) as two irregular blocks, with adjacent ground generally being either private or claims held by others.Data provided by Agnico includes soil and rock geochemistry, geophysical surveys, historic drill data, and geology and geochemistry for five reverse-circulation holes drilled by Agnico. Limited surface rock-chip sampling by Bravo’s consultants confirms that anomalous gold exists up to +1g/t, with typical Carlin-style pathfinder geochemistry. Historic drilling indicates that several areas contain accumulations of strongly anomalous gold; however, historic drilling cannot be confirmed to have been conducted to NI-43-101 standards and cannot be relied upon to define any possible resource. Mineralization and alteration occur in Paleozoic-age ‘Upper Plate’ rocks and Eocene intrusions, but more-attractive ‘Lower Plate’ host-rocks have not been encountered yet at the property. In addition, most of the shallow, historic holes that were intended to test near-surface gold mineralization were drilled vertically, even though mineralization in ‘Upper Plate’ rocks is often predominately hosted by vertical structures, which may have been missed by those holes. Compilation of existing data, 3D geologic modeling, and additional geophysical surveys are expected to identify several attractive drill targets.Bravo can earn 100% interest by paying Agnico 300,000 common shares of the Company upon signing and exchange approval and by spending US$2.0 million over a maximum of six years. The agreement includes the immediate transfer of ownership of a logistical base in nearby Crescent valley, which includes a work-shop and a double-wide trailer for personnel. The base will be used for this and nearby Company properties. After Bravo completes earn-in, Agnico has 60 days to either accept a 2% NSR, of which 1% NSR can be purchased for $1.0 million, or elect to earn back 60% interest by spending $4.0 million over a four-year period, with a minimum expenditure of $1.0 million annually, and producing a bankable-quality feasibility document. Agnico can earn a further 10%, for a total of 70%, by loaning or arranging for financing of the Company’s share of capital required for mine development and construction cost, at Bravo’s option.Agnico-Eagle Mines Limited is a gold producer with mining operations located in Canada, Finland, and Mexico and exploration activities in Canada, Finland, Mexico and the United States.About Bravo Venture Group Inc. Bravo Venture Group Inc. is focused on exploring its precious and base metal-rich Homestake Ridge project in British Columbia, a gold-rich epithermal/VMS-related system within Eskay Creek/Silbak-Premier stratigraphy. Pursuant to the recently announced “Plan of Arrangement”, Bravada Gold Corp. will focus on exploring Bravo’s extensive Carlin-type gold holdings, strategically located within the Battle Mountain/Eureka “Cortez” gold trend in Nevada.
Joseph Anthony Kizis, Jr. (P.Geo.) is the Qualified Person responsible for reviewing the technical results in this release.
On behalf of the Board of Directors
“Joseph A. Kizis, Jr.” Joseph A. Kizis Jr., Director, President, Bravo Venture Group Inc.
Bravo Venture Group Inc. is committed to increasing shareholder value with an experienced management team that has successfully demonstrated the ability to identify, explore and develop gold/silver properties within North America that exhibit potential for discovery.
Bravo Venture Group Inc. is committed to increasing shareholder value with an experienced management team that has successfully demonstrated the ability to identify, explore and develop precious metal properties within North America that exhibit the potential for discovery.
Bravo’s exploration activities are focused in N.W. British Columbia and Nevada. The company’s 100% owned VMS/Epithermal Homestake Ridge gold/silver Project in British Columbia is rapidly advancing with excellent drill results. The company has completed an NI 43-101 compliant technical evaluation which reported an inferred resource of 903,231 ounces of gold and 5,745,746 ounces of silver contained within 11.9 tonnes with an average cut-off grade of 0.5 g/ton gold. (1)
Bravo also has the 100% owned Silver Basin Project which is located 14km southeast of Bravo’s Homestake Ridge project. The Silver Basin project consists of a single amalgamated claim of 760 hectares, Hazelton volcanic and sedimentary rocks underlie the project, which is the same package of rocks that host the bonanza-grade Eskay Creek mine farther north.
In addition, the company has acquired a substantial land package consisting of twelve properties located in the Battle Mountain/Eureka gold trend, Nevada that is being spun-out in a Plan of Arrangement to a newly formed company called “Bravada”.
Bravo Venture Group Inc. is committed to increasing shareholder value with an experienced management team that has successfully demonstrated the ability to identify, explore and develop precious metal properties within North America that exhibit the potential for discovery.
Bravo’s exploration activities are focused in N.W. British Columbia and Nevada. The company’s 100% owned VMS/Epithermal Homestake Ridge gold/silver Project in British Columbia is rapidly advancing with excellent drill results. The company has completed an NI 43-101 compliant technical evaluation which reported an inferred resource of 903,231 ounces of gold and 5,745,746 ounces of silver contained within 11.9 tonnes with an average cut-off grade of 0.5 g/ton gold. (1)
Bravo also has the 100% owned Silver Basin Project which is located 14km southeast of Bravo’s Homestake Ridge project. The Silver Basin project consists of a single amalgamated claim of 760 hectares, Hazelton volcanic and sedimentary rocks underlie the project, which is the same package of rocks that host the bonanza-grade Eskay Creek mine farther north.
In addition, the company has acquired a substantial land package consisting of twelve properties located in the Battle Mountain/Eureka gold trend, Nevada that is being spun-out in a Plan of Arrangement to a newly formed company called “Bravada”.
Thursday, January 14, 2010
TNR GOLD / INTERNATIONAL LITHIUM EXHIBITS AT VANCOUVER RESOURCE INVESTMENT CONFERENCE TNR.v, CZX.v, MAI.to, NG.to, ABX, NGQ.v, WLC.v, LI.v, RM.
0 comments Posted by andre at 12:02 PM
1/14/2010 2:00:08 PM - NWC
Jan 14, 2010 (TheNewswire.ca via COMTEX News Network) --
(via Thenewswire.ca)
Vancouver B.C.: TNR Gold Corp. ("TNR" or the "Company") and wholly-owned International Lithium Corp. ("ILC") are pleased to announce that management will be available to address shareholder inquiries about TNR's projects, prospects, and the spinoff of a new public company, International Lithium Corp, at the 2010 Vancouver Resource Investment Conference, January 17-18, 2010.
(via Thenewswire.ca)
Vancouver B.C.: TNR Gold Corp. ("TNR" or the "Company") and wholly-owned International Lithium Corp. ("ILC") are pleased to announce that management will be available to address shareholder inquiries about TNR's projects, prospects, and the spinoff of a new public company, International Lithium Corp, at the 2010 Vancouver Resource Investment Conference, January 17-18, 2010.
Please stop by and visit us at Booth P47, Grand Hyatt Hotel 2nd Floor.The full address is 655 Burrard Street, Vancouver, BC, V6C 2R7. For more information about the conference please visit http://www.cambridgehouse.ca/
The Vancouver Resource Investment Conference is an annual event where individual investors, professional advisors, analysts, and fund managers have a chance to meet publicly-listed Mining and Resource companies and industry contacts.
The Conference presents an excellent opportunity for TNR and ILC to showcase their diversified portfolio of projects. The Companies anticipates 2010 to be an exciting year starting with the planned spinoff and public listing of a new Rare Metals public company, ILC, and the continued advancement of our high quality projects.
TNR and ILC are diversified metals exploration companies focused on exploring existing properties and identifying new prospective projects globally. TNR has a portfolio of 18 active projects, of which 9 will be included in the proposed spin-off of International Lithium Corp. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit http://www.internationallithium.com
The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the companies' commitments to generating projects, diversifying its markets, and building shareholder value.
On behalf of the Board,
Gary Schellenberg - President
The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the companies' commitments to generating projects, diversifying its markets, and building shareholder value.
On behalf of the Board,
Gary Schellenberg - President
Wednesday, January 6, 2010
TNR Gold/International Lithium 2009 Recap and Outlook for 2010 TNR.v, CZX.v, ABX, NG.to, NGE.to, LAM.v, LAT.v, WLC.v, LI.v, AVL.to, SQM, FMC, LUN.to,
0 comments Posted by andre at 12:18 PM
Looks like Jay Taylor did his homework right before his recommendation and this company moves fast into 2010 with clear strategy and goals. More details could be found in President's message.
"We are interested here in a highly leveraged focused junior mining Lithium exploration and development plays. Majors like SQM, FMC and ROC are presenting only part of the compelling investment story with high market caps and only part of the revenue connected to Lithium. Rapid expansion will happen with aggressive juniors engaged in Lithium Exploration and Development play and new focused plays will get part of excitement here. We are looking here for the areas driven by Big Investment Trend, but to be small enough, so that money will be squeezed in among a few small aggressive players.
Here is our first investment bottleneck: 190,000,000 Market Cap of Top 5 Canadian Lithium exploration companies.
We do not provide an investment advise here, but you can find ideas for your DD on this blog.
Lithium and REE Investment Manifesto and Next Big Thing in action:San Francisco notes."
Here is our first investment bottleneck: 190,000,000 Market Cap of Top 5 Canadian Lithium exploration companies.
We do not provide an investment advise here, but you can find ideas for your DD on this blog.
Lithium and REE Investment Manifesto and Next Big Thing in action:San Francisco notes."
Press Release Source:
TNR Gold Corp. On Wednesday January 6, 2010, 12:19 pm EST
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 6, 2010) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR - News) and wholly-owned International Lithium Corp. ("ILC") are pleased to provide an abridged review of the significant events and corporate targets realized by the Company during 2009. These milestones were accomplished during a challenging global economic crisis due to the combined dedication of our management team, directors and shareholders.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 6, 2010) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR - News) and wholly-owned International Lithium Corp. ("ILC") are pleased to provide an abridged review of the significant events and corporate targets realized by the Company during 2009. These milestones were accomplished during a challenging global economic crisis due to the combined dedication of our management team, directors and shareholders.
The Company anticipates 2010 to be an exciting year starting with the planned spinoff and public listing of a new Rare Metals public company, International Lithium Corp. ("ILC"), and the continued advancement of our high quality projects in TNR Gold.
INTERNATIONAL LITHIUM CORP.
During 2009, International Lithium Corp. aggressively acquired significant assets in both lithium brines and rare metals pegmatites in Argentina, USA, Canada and Ireland. The following highlights ILC's asset portfolio:
Mariana Project - Argentina: 120 square kilometre 100% earn-in lithium brine project. Critical aspects include complete coverage of an entire salar (salt lake) and highly encouraging initial results. Rapid advancement comprising geophysics, detailed hydrological testing and drilling is planned for early 2010.
Nevada Projects: Consist of three early stage projects surrounding and analogous to Clayton Valley, the only producing lithium brine operation in North America. ILC is well positioned to increase its presence and advance its projects in Nevada in 2010. Comprehensive geophysical surveys are planned in preparation for drilling.
Mavis Lake Project - Ontario: Ideally located 15 km northeast of Dryden, last year's work programs demonstrated strong and widespread rare metals mineralization (lithium, tantalum, rubidium and cesium; refer to Company news release dated Nov. 19, 2009 for details) warranting a major exploration program in 2010 including a drill program targeted for the summer field season.
Moose Project - NWT: An underexplored past high-grade Lithium and Tantalum producer possessing significant potential for the delineation and extension of the known pegmatites. Geophysics followed by drilling is planned for 2010.
Blackstairs Project - Ireland: 292 square kilometres, consisting of 19 underexplored rare metals pegmatites. Historical data is currently being compiled with exploration recommendations anticipated in early 2010.
International Lithium Corp.'s goal is to build a diversified balanced portfolio of Rare Metals projects to contribute to the world's needs and shift to green energy. This will be accomplished through rapid advancement of its main projects, cost and risk management employing a joint venture business model for the remaining projects and securing strategic partnerships with Lithium and other Rare Metals end users.
TNR GOLD CORP. - LEAD PROJECT GENERATOR
After the spinoff of International Lithium, TNR intends on delivering additional shareholder value through continuing to advance the numerous copper and gold projects in Argentina and Alaska and its rare earth elements property in Canada. Also by continuing to identify commodity trends early on, the Company will strategically build a portfolio of highly prospective properties and secure joint venture partners to develop projects into tomorrow's resources and mines. The following highlights TNR's projects:
Big Beaverhouse REE Project - Ontario: Is one of the largest carbonatites complexes in the province of Ontario measuring six kilometres in diameter, is underexplored and prospective for the full suite of Rare Earth Elements ("REE"). By acquiring the Big Beaverhouse REE project, TNR has diversified its exploration portfolio and is strategically moving into this new market of high-value commodities. Compilation of historical data is ongoing and the Company expects to be in receipt of exploration recommendations shortly.
Shotgun and Iliamna Gold Projects - Alaska: Are receiving increased attention with gold hitting new highs and represent a compelling package that may form the basis of a future strategic initiative.
Los Azules Cu Project - Argentina: TNR retains a conditional 25 per-cent back-in right to certain of the properties which is currently the subject of a legal dispute, with a court date set for the fall of 2010. The Los Azules project is an advanced exploration project currently reporting a National Instrument 43-101 compliant Inferred Resource. The Company fully intends on exercising its back-in right to the property at the appropriate time.
El Salto Cu Project - Argentina: Previous work on this 3,300 hectare 100% earn-in property delineated a large chargeability anomaly (6 x 1.5 kilometres) that was tested by only 12 wide spaced drill holes; one of which returned 55 metres of 0.21% Cu and 0.012% Mo. The company will continue to seek a strategic partner to advance this asset.
El Tapau Au-Cu Project - Argentina: TNR maintains an option to acquire a 70% interest in El Tapau. Initial reconnaissance reported a 2.2 g/t Au average from 157 grab samples(i) over a 4.5km long area. Very limited drill coverage consisting of 7 holes returned a significant intersection of 82 metres grading 0.49% Cu. Additional exploration work in 2010 will focus on the copper gold tourmaline breccias that have been traced over 4 kms on the property.
La Ortiguita Cu-Au Project - Argentina: La Mancha Resources Inc. has an option to acquire a 75% undivided interest in the La Ortiguita project and is required to spend $800,000 in exploration expenditures on the property in 2010 and an additional $800,000 in 2011.
Eureka Project - Argentina: Has been returned to the vendor in order for the Company to allocate its resources and energies on its other projects.
Argentina continues to be a strong point for TNR with a strategic advantage gained from an 18-year established office and dedicated team based in San Juan.
For a more detailed summary refer to the President's Message on the Company's website at www.tnrgoldcorp.com.
(i) Note: grab samples are by definition selective and are unlikely to represent average grades on the property.
ABOUT TNR GOLD / INTERNATIONAL LITHIUM CORP.
TNR and ILC are diversified metals exploration companies focused on exploring existing properties and identifying new prospective projects globally. TNR has a portfolio of 18 active projects, of which 9 will be included in the proposed spin-off of International Lithium Corp. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit http://us.lrd.yahoo.com/_ylt=AsART6BmiyAy2.j21Qb4SUKtcq9_;_ylu=X3oDMTE2NjRmOGl1BHBvcwMxBHNlYwNuZXdzYXJ0Ym9keQRzbGsDaHR0cHd3d2ludGVy/SIG=11907bp0b/**http%3A//www.internationallithium.com/.
The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the companies' commitments to generating projects, diversifying its markets, and building shareholder value.
On behalf of the Board,
Gary Schellenberg - President
Monday, August 17, 2009
TNR Gold Corp. Granted Eight Lithium Pegmatite Belt Licenses in Ireland/Commences Exploration Program TNR.v, CZX.v, LUN.to, SQM, FMC, ROC, F, BYD, TTM
0 comments Posted by andre at 4:52 PM
CS. When Lithium and REE exploration company goes Global, international investors are to follow.
" TNR Gold Corp. (TSX-V: TNR) is a minerals exploration company actively exploring a portfolio of properties worldwide for lithium and rare metals. TNR has a strategic balance of both pegmatite and brine projects - pegmatites with the advantage of presence rare metals such as tantalum and niobium, while brines offer the low-cost large scale production of lithium carbonate that will be increasingly important. TNR has secured over 292 squared kilometres of well-known pegmatite belt in Ireland, acquired a past producing tantalum mine area in Northwest Territories never tested for other rare metals, staked USGS-tested lithium brine properties in Nevada around the only current lithium brine producer in North America, acquired 120 squared kilometres of salt lake in Argentina, Mavis Lake, and other properties!"
As we have wrote before UK takes Electric Cars and Green Mobility revolution seriously:
"Now we have a better understanding why TNR Gold TNR.v is moving into Ireland with Lithium and REE exploration licences (pending for approval) - we have a flood of news from UK on Electric cars and Green Mobility "
We have a clear pattern of TNR Gold's strategy in place: to go for a previously discovered Lithium and REE mineralisation in areas with enough geological potential to become a substantial deposit in mining friendly countries. Go for what Majors want - previous success with Copper, Gold and Silver Los Azules discovery is a good example of a property developing into a deposit worth a few corporate battles and now Mr Gold Corp Robert McEwen is involved himself.
With Lithium and REE previous work was funded directly or via Majors by governments in the rush of a cold war and then properties were mostly abandoned once military needs were satisfied. Extensive data and even core from previous drilling programmes could be available on sites and it is as valuable in exploration as properties itself. REE market in the West was killed by China's pricing of hard rock mining and they have consolidated market after that. Now with Electric Cars and Green Mobility Revolution at our doorsteps Lithium and REE is a strategic commodity, when every government would like to have a certainty of supply and not to trade Oil dependence for Battery dependence. It is an opportunity to restart heavily indebted western economies and move it in the new high value added 21st century manufacturing space. UK is very active in this area with few projects announced in Electric cars, battery making and Hybrid cars production.
Next Big Thing - industrial revolution based on green mobility, brings potentially explosive move in Lithium and REE products pricing. Cost of Lithium in the battery is 3-5% and price could move substantially before affecting supply. Welcome to the Gold market back ten-fifteen years ago - with recent Gold price close to 1000 USD/oz Majors are mining deposits considered to be a dust with Gold price at below 300 USD/oz. Lithium price has moved already from 2000 level of 2000 USD/t of Lithium carbonate to over 6000 USD/t now with electric car fever just starting to get into mass media and economies still recovering from near death experience. Now in our investment play on Green mobility we have few uncertainties less: Electric cars are all over TV and newspapers and Lithium companies are rising all together as boats with a tide. Time is to choose the companies with strong management, solid projects and industrial backing. Go for what Majors want. In Junior sector it will be M&A game after all - who will be a consolidator and be ready to pay the money to buy time. While waiting for the Googles and Ciscos to emerge time is to dive into YouTubes.
Quality of projects, strong technical team and honest management with access to capital and clear focus on aggressive building of shareholders' value with first entry advantage will define the future winners.
Do we see it in TNR Gold? Certainly our money would like us to. Company fits the market in our "Zero to 1 billion matrix" Management is charged with mission importance and striking milestones on the way to the claimed "Global Lithium and REE exploration company." Market is accepting it and industry insiders are taking stakes along with insiders of the company. Canada Zinc Metals CZX.v has found some time and money to invest in the company between dealing with Chinese Tongling and Lundin Mining on its other projects, Byron Securities - the new prophets of hot Lithium and REE story are on board as well now.
Now it is your time to work, study and be critical. Where is your YouTube? We are writing the stories in development and whether it is Roxmark Mines RMK.v, Canada Zinc Metals CZX.v or others we would like them to be successful as our journey with Tenke Mining before. We are not in the investment business of decoupling fools and their money, we value everyone as an intelligent person who can make decisions for themselves, we do not give any advice and nobody will send us a bonus as part of the bailout from your taxes. Market will decide in the end on the winners: Obama can move it - not us, and our job is to start our stories where guys like him will come later, to find a good people, share with them a few bucks and energy and wait until years of hard work will become luck. If you would like to share our stories you are welcome as usual and keep your money for your kids.
"The Blackstairs Project is located in the Leinster Pegmatite Belt in the southeast of the Republic of Ireland, approximately 80 kilometres south from Dublin. Approximately nineteen pegmatite bodies spread over a length of 30 km along the eastern edge of the Leinster granite pluton make up this belt.TNR has applied for eight licenses (totalling 292 km2), which cover the belt. This process takes from 4 to 6 months to complete before fieldwork can begin. Lithium was first located during base metal exploration in the 1970s by Irish Base Metals Limited. Since then pegmatite exploration has expanded to include tantalum although niobium, tin, cesium and even gold anomalies have also been noted. Pegmatites in the Leinster Belt show a range of rare elements associated with them. The pattern of element distribution is consistent with successive enrichment and concentric zoning seen in pegmatites and illustrated in the diagram to the left. TNR intends to use this and other geochemical zonation as guide to ore and potentially additional pegmatite discoveries. Ireland has a lengthy history of mining and has attracted a number of major mining companies. It is recognized as a mining friendly jurisdiction. Access to the Leinster Pegmatite Belt is by a good road network used by nearby farming communities. Stream sediment sampling by the Geological Survey of Ireland in 1986 - 1990 identified a number of catchment areas within the license application that have tantalum anomalies. Since 2000, focus of exploration in the southern part of the license application -- south of Aclare, has been on tantalum. Outstanding recommendations from the last phase of exploration have yet to be acted on. In 1970, 885m of drilling in the Aclare pegmatite by Irish Base Metals Limited was used to calculate a "drill indicated" reserve. Difficulties with laboratory results suggested that the estimate may be significantly low, but there appears to be no documentation of later work to resolve the issue. Stranakelly was drilled with two holes in 1974 which intersected 1.4m of 2.34% Li and 5.5m of 1.6% Li. High tantalum values from a 7m pegmatite intersection in a trench were also reported, but poorly documented. Moylisha was drilled in 1976 with five holes. The most significant result in these was 9.5m of 1.66% Li. As with other pegmatites at the northern end of the belt, lithium occurs as lepidolite. TNR intends to re-establish data from previous drilling and determine where additional step-out drilling is possible. TNR has a team of experienced geological staff ready to apply pegmatite exploration methods proven in Canada to Irish targets."
Press Release
Source: TNR Gold Corp.
On Monday August 17, 2009, 7:37 pm EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 17, 2009) - TNR Gold Corp. (TSX VENTURE:TNR - News; "TNR" or the "Company") is pleased to announce the successful completion of the granting process by the Irish government for eight licences to explore the Leinster Pegmatite Belt in southeast Ireland. Ireland has a well established and mining friendly history which has attracted a number of major mining companies. The areas covered by the licences total 292 square kilometers and are located in counties Carlow and Wicklow. Access to the licenced area is by a network of good roads across a rural, farming area.
The receipt of the licences initiates the Blackstairs Lithium-Tantalum Project which will focus on evaluation of the approximately nineteen pegmatites that make up the Leinster Pegmatite Belt for lithium, tantalum and related rare elements. Lithium was first located in this area during base metal exploration in the 1970s, with at least three of the pegmatites drilled. Lithium occurs as both spodumene and lepidotlite with the latter mineral found more in the northern part of the belt.
Since the lithium exploration in the 1970s attention of subsequent explorers has focused on tantalum, particularly in the southern half of the belt. In addition, anomalous values in niobium, tin and cesium have been reported.
TNR plans an exploration program to confirm earlier drilling results, systematically evaluate all the pegmatite bodies for the full suite of potential minerals, and follow-up results and recommendations from earlier reconnaissance programs. An experienced geological team sourced from Ireland and Canada will apply pegmatite exploration methods proven in Canada to re-evaluate the Leinster Pegmatite Belt in Ireland.
Mr. John Harrop is the Company's qualified person on the project as required under NI 43-101 and has reviewed the technical information contained in this press release.
ABOUT TNR
TNR is a diversified metals exploration company focused on identifying and exploring existing properties in Argentina and Alaska and new prospective projects globally. TNR now has a total portfolio of 32 projects, of which 16 will be included in the proposed spin-off of International Lithium Corp.
It is anticipated that TNR shareholders of record will receive one share and one full tradable warrant of International Lithium Corp. for every 4 shares of TNR held as of the yet determined record date. This will result in TNR shareholders owning shares in both TNR and International Lithium. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit http://us.lrd.yahoo.com/_ylt=Ajs5IyEVJ_Fxspyh92WB4TOtcq9_;_ylu=X3oDMTE2NzI5M21iBHBvcwMyBHNlYwNuZXdzQXJ0Qm9keQRzbGsDaHR0cHd3d2ludGVy/SIG=11907bp0b/**http%3A//www.internationallithium.com/.
The recent acquisition of lithium projects in Argentina, Canada, USA and Ireland confirms the Company's commitment to project generation, market diversity and building shareholder value.
On behalf of the board,
Gary Schellenberg, President"
Next Big Thing: Lithium may be a light metal, but it could be the next gold, speculators suggest TNR.v, CZX.v, FMC, ROC, SQM, F, DAI, TM, TTM, NSANY,
0 comments Posted by andre at 6:31 AM
Who will be next Gold Corp in Lithium space?
Lithium sector is in a serious demand by media now: investors starved for real Bull after market collapse are ready to listen to the new ideas. Our Next Big Thing is passing its First phase into industry insiders' hot story.
The nature of Nevada based Lithium brines deposits is explained in recent:
"Replenishment of brines comes from surrounding Rhyolite, which are the most lithium rich in the world. Brines in the area have concentrations as high as 1000 ppm. Concentrations as low as 166 ppm have been used in lithium brine pool extraction methods." – Author.
The following two junior companies have brine deposits in Nevada.
Jonathan Ratner, Financial Post Published: Saturday, August 15, 2009
The flurry of new interest surrounding lithium as the commodity of choice for a play on the emerging electric-car market has put several once-penny stocks on investors' radars. One such name is Rodinia Minerals Inc. (RM/TSX-VEN). The Vancouver-based company saw its shares jump more than 50% this week to above 65¢. It's up 1,100% in 2009. While the recent surge of interest is a result billions of dollars in subsidies for electric vehicles such as the Chevy Volt and Nissan Leaf, rising demand for lithium-ion batteries in products such as laptops and cellphones has also helped. Rodinia has a brine deposit in Nevada, which Rick Mills at AheadoftheHeard.comsuggests might just be America's own Saudi Arabia for lithium. While the supply-demand situation for lithium is relatively balanced, if an electric-automotive industry is in fact developed, bulls on the light metal anticipate a supply shortfall in the future. At right, the Volt battery pack."
Wednesday, August 12, 2009
TNR Gold Corp Acquires More Land in NWT and Commissions 43-101 Report on Expanded Lithium & Rare Metals Project TNR.v, CZX.v, SQM, FMC, ROC, ABX, BYD
0 comments Posted by andre at 11:02 AM
The most important part about this property is that TNR Gold acquired past producing REE mine and the question is not "IF" it has the goods, but what are the grades and how big is the potential deposit. What we like here is the recent speed of development: financing with insiders and Chinese backed Canada Zinc Metals CZX.v, Flow Through with Byron Securities and now this acquisition of grounds about eight times of total area of initial claims with past producing mine. We are talking about 43-101 on the property by mid September - the game is that historical samples will be confirmed and further drilling recommended. The key is the "region play" - Avalon's Rare Metals Thor Lake deposit is located within 25 km of the area. That place is not exactly friendly environment with developed infrastructure and this locations means back to back potential development while Avalon will advance its deposit. If you remember all recent REE fever started this spring with Avalon:
"We have another fine gentleman in our Exclusive Club of the Next Big Thing and Major Bull market. This time it is James Dines - a widely followed The Dines Letter writer. His last prediction about Uranium Bull made early buyers a lot of money and he always gets attention. Our Next Big Thing is charging fast and money is coming into the sector. Suddenly investors are waking up to the reality of Alternative Energy and Green Mobility revolution with political spice: majority of REE is produced by China and now experts are talking about quotas for Export of REE from China as a strategic commodity and base for Next Industrial revolution"
TNR Gold Corp Acquires More Land in NWT and Commissions 43-101 Report on Expanded Lithium & Rare Metals Project
Vancouver B.C.: TNR Gold Corp. ("TNR" or the "Company") is pleased to announce the signing of a letter of intent to acquire up to a 100% interest in the Maximoose 1 and 2 claims located 115 kilometres east-southeast of Yellowknife, Northwest Territories. The 4,086 acre Maximoose property surrounds TNR's 100% owned 551 acre Moose 2 property, and lies in an area known for lithium, tantalum, niobium with minor tin and beryllium mineralization associated with zoned pegmatite dykes.
Now that TNR has successfully acquired this key land package it has contracted Aurora Geosciences of Yellowknife to prepare a National Instrument 43-101 compliant report on the project. A key component to the work program to be performed will be the re-sampling of known showings and the confirmation of historic grades. Compilation of all the historic data combined with the grade confirmation will enable the Company to formulate a plan to further develop the project.The Company expects to be in receipt of the completed report by mid September 2009. This report will be required as part of the Company's planned submission to publicly list its 100% owned subsidiary, International Lithium Corp.
To earn a 75% interest, TNR has agreed to make payments totaling CDN$205,000, issue 225,000 common shares of TNR and commit to work expenditures totaling CDN$500,000 over a four-year period. The Company will have an exclusive option to acquire the remaining 25% undivided interest in the property by making a payment of CDN$1,000,000 payable in cash or in common shares, at the sole discretion of TNR, within 5 years from the date of earning the 75% interest. TNR has agreed to pay a Royalty of 2% to the vendor if the vendor's interest is diluted to 10% or less and has the right to purchase 1% (1/2) of the royalty for CDN$1,000,000 at anytime prior to commercial production.The agreement is subject to regulatory approval.
ABOUT THE MOOSE PROJECT
The 4,637 acre Moose project is located only 115 kilometres east-southeast of Yellowknife in the Northwest Territories, on the shores of Great Slave Lake, which allows relatively easy access to the property by barge in the summer and on ice roads in winter. Within 8 kilometers of the Moose project are four other significant occurrences of Lithium and/or Rare Earth Elements: Best Bet, the Moose 1, Big Hill #2 and Blatchford Lake while within 25 kilometres is Avalon Rare Metals Thor Lake deposit. The zonation of the Moose project pegmatite could allow for the mining and processing of 3 separate concentrates: a spodumene concentrate, an amblygonite concentrate, and a columbite-tantalite-cassiterite concentrate (Groves 1978). The property was a minor producer between 1947 and 1954, has seen a very limited amount of drilling with the deposit remaining open at depth and along strike. For more information about Lithium and Rare Metals -- deposits, production, markets and news please refer to TNR's "About Lithium" page at: http://www.tnrgoldcorp.com/s/AboutLithium.asp
Ike Osmani, P.Geo, is the company's qualified person on the project as required under NI 43-101 and has reviewed the technical information contained in this press release.ABOUT TNRTNR is a diversified metals exploration company focused on identifying and exploring existing properties in Argentina and Alaska and new prospective projects globally. Upon approval of pending licences in Ireland, TNR will have a total portfolio of 32 projects, of which 16 will be included in the proposed spin-off of International Lithium Corp.It is anticipated that TNR shareholders of record will receive one share and one full tradable warrant of International Lithium Corp. for every 4 shares of TNR held as of the yet determined record date. This will result in TNR shareholders owning shares in both TNR and International Lithium. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit http://www.internationallithium.com The recent acquisition of lithium projects in Argentina, Canada, USA and Ireland confirms the Company's commitment to project generation, market diversity and building shareholder value.
On behalf of the board,
Gary SchellenbergPresident
Tuesday, July 21, 2009
TNR Gold Oversubscribes Private Placement TNR.v, CZX.v, ABX, NG.to, CGH.to, LMA.to, LAT.v, HUI, XAU, FXI
0 comments Posted by andre at 2:39 AM
"From an investor’s perspective, the goal is to own what China needs and China needs metals. And strategically, it could be easier for China’s state-owned corporations to fly under the radar and buy or take positions in smaller foreign corporations rather than their larger cousins. We return to our long-term thesis: own quality junior exploration and mining companies with superior projects. Canaccord Adams"
Now our next industrial revolution play in Lithium, REE, Gold and Copper has the money and interesting shareholders to connect its ambitions to place where the Growth is.Placement was oversubscribed and made very fast without any brokers involved - it is very positive sign in the current market: financing is available for the strong companies.
"Insider can sell in a lot of circumstances - they buy only in one case: when they know with all available to them information that company is still undervalued. Now he is not alone in his beliefs and we like his new company. It is always important to see that management is also buying into financing and not just cashing in cheap options. It looks like Gary Schellenberg and Kirill Klip made a good team moving TNR Gold fast forward above many other juniors still day dreaming about last summer happy days which are gone forever."
Vancouver B.C.: TNR Gold Corp. (“TNR” or the “Company”) is pleased to announce that due to the high level of interest in its recent financing, the Company has increased the size of the private placement originally announced on July 6th, 2009. TNR is now in receipt of subscriptions totalling 5,900,000 units at a price of $0.20 per unit for gross proceeds of $1,180,000 (the “Offering”). Each Unit consists of one common share and one-half common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at a price of $0.30 for a period of twelve months from the date of closing.
A large portion of the Offering is a welcomed strategic investment from Canada Zinc Metals -- a mineral exploration company focused on unlocking the potential of a world class zinc-lead-silver district in British Columbia, Canada. It is the dominant land holder in an extensive mineral belt known as the Kechika Trough which hosts in excess of 80 million tonnes of base metal resources. Significant shareholders of Canada Zinc Metals include Lundin Mining Corp. (TSX: LUN) and Tongling Nonferrous Metals Group Holdings Co. Ltd. Tongling, which currently holds a 13 per-cent equity position in Canada Zinc Metals, is one of China’s largest copper smelting companies and ranked in the top 100 large-scale industry enterprises in China. Tongling’s principal activities are exploration, mining, ore processing, smelting and refining and products processing of copper, lead, zinc, gold, silver and other non-ferrous and rare metals. TNR’s portfolio of lithium and rare metal properties is attracting interest from investors around the world.
TNR’s Non-Executive chairman, Mr. Kirill Klip, will be taking a significant portion of the financing along with other insiders and management.
All securities issued pursuant to this Offering are subject to a 4-month hold period from the date of closing. The Offering is subject to TSX Venture Exchange approval and any regulatory approvals, which the company expects within the next few days. Proceeds of the Offering will be used to fund the evaluation of TNR’s Lithium and Rare Metal properties, implement the proposed spin-off of International Lithium Corp. and for general corporate purposes.
ABOUT TNR GOLD CORP.TNR is a diversified metals exploration company focused on identifying and exploring existing properties in Argentina and Alaska and new prospective projects globally. Upon approval of pending licences in Ireland, TNR will have a total portfolio of 32 properties, of which 16 will be included in the proposed spin-off of International Lithium Corp.It is anticipated that TNR shareholders of record will receive one share and one full tradable warrant of International Lithium Corp. for every 4 shares of TNR held as of the yet determined record date. This will result in TNR shareholders owning shares in both TNR and International Lithium. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit http://www.internationallithium.comThe recent acquisition of lithium projects in Argentina, Canada, USA and Ireland confirms the Company's commitment to project generation, market diversity and building shareholder value.
On behalf of the board,Gary Schellenberg
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