TNR Gold NSR Royalty Update - Los Azules Copper, Gold and Silver Project - McEwen Copper Updates on Assay Results at Los Azules
- None.
- None.
Vancouver, British Columbia--(Newsfile Corp. - March 5, 2024) - TNR Gold Corp. (TSXV: TNR) ("TNR", "TNR Gold" or the "Company") is pleased to announce that McEwen Mining Inc. ("McEwen Mining") has provided an update on the Los Azules copper, gold and silver project in San Juan, Argentina. TNR holds a
The news release issued by McEwen Mining on February 26, 2024 stated:
"McEwen Copper Inc.,
Remaining assays from the 2022-2023 season, highlights include:
- 446 m of
0.63% Cu, including 76 m of0.92% Cu (AZ23228MET)
Selected Highlights:
Hole AZ23205MET returned 257 m of
0.76% Cu within the Enriched zone.Hole AZ23228MET returned 446 m of
0.63% Cu in the Enriched zone, including 76 m of0.92% Cu.Hole AZ23230MET returned 250 m of
0.68% Cu in the Enriched zone, including 192 m of0.83% Cu.
The objective of the 2022-2023 drilling campaign was to collect information needed as the project advances towards the completion of a Feasibility Study in Q1 2025. Work continues during this field season (2023-2024) and includes resource drilling that will convert the initial 5-year pit resources to Measured and Indicated categories and will further upgrade resources from Inferred to Indicated. In addition to resource drilling, geotechnical, metallurgical, hydrogeological, exploration, and condemnation drilling are also being performed.
With the closing in October 2023 of a US
"Argentina's new president is taking important initiatives to unlock the country's potential to become a significant supplier of critical minerals to the world, to combat climate change and at the same time strengthening the economy," said Rob McEwen, Chairman and Chief Owner.
"McEwen Copper's Los Azules project is progressing at light speed towards completing a feasibility study by Q1 2025 and it has already delivered significant economic benefits to the neighbouring communities. It is a very large copper resource, where recent exploration drilling suggests it definitely has room to grow," said Michael Meding, Vice President and General Manager of McEwen Copper.
Table 1 - Remaining 2022-2023 Los Azules metallurgical drilling results. All intercepts are approximate true thickness.
| Hole-ID | Section | Predominant Mineral Zone | From (m) | To (m) | Length (m) | Cu % | Au (g/t) | Ag (g/t) | Comment |
| AZ23199MET | 31 | Total | 100.0 | 271.0 | 171.0 | 0.80 | 0.06 | 1.56 | |
| Enriched | 100.0 | 271.0 | 171.0 | 0.80 | 0.06 | 1.56 | Incl. 156.0m of | ||
| Primary | |||||||||
| AZ23200MET | 34-33 | Total | 94.0 | 394.5 | 300.5 | 0.43 | 0.04 | 2.89 | |
| Enriched | 94.0 | 394.5 | 300.5 | 0.43 | 0.04 | 2.89 | Incl. 172.0m of | ||
| Primary | |||||||||
| AZ23204MET | 39 | Total | 116.0 | 312.0 | 196.0 | 0.50 | 0.12 | 1.83 | |
| Enriched | 116.0 | 275.5 | 159.5 | 0.54 | 0.13 | 1.87 | Incl. 38.0m of | ||
| Primary | 275.5 | 312.0 | 36.5 | 0.34 | 0.07 | 1.67 | |||
| AZ23205MET | 31 | Total | 105.0 | 374.7 | 269.7 | 0.73 | 0.08 | 1.77 | |
| Enriched | 105.0 | 362.0 | 257.0 | 0.76 | 0.09 | 1.94 | |||
| Primary | 362.0 | 374.7 | 12.7 | 0.28 | 0.05 | 1.30 | |||
| AZ23226AMET | 33 | Total | 90.0 | 275.3 | 185.3 | 0.47 | 0.03 | 0.91 | |
| Enriched | 90.0 | 275.3 | 185.3 | 0.47 | 0.03 | 0.91 | Incl. 38.0m of | ||
| Primary | |||||||||
| AZ23228MET | 47 | Total | 170.0 | 616.0 | 446.0 | 0.63 | 0.07 | 3.58 | |
| Enriched | 170.0 | 430.0 | 260.0 | 0.72 | 0.07 | 4.18 | Incl. 76.0m of | ||
| Primary | 430.0 | 616.0 | 186.0 | 0.49 | 0.07 | 2.74 | Incl. 52.0m of | ||
| AZ23229MET | 50-51 | Total | 92.0 | 262.4 | 170.4 | 0.46 | 0.04 | 1.80 | |
| Enriched | 92.0 | 262.4 | 170.4 | 0.46 | 0.04 | 1.80 | Incl. 76.4m of | ||
| Primary | |||||||||
| AZ23230MET | 30 | Total | 104.0 | 438.2 | 334.2 | 0.59 | 0.06 | 3.66 | |
| Enriched | 104.0 | 354.0 | 250.0 | 0.68 | 0.06 | 3.67 | Incl. 192.0m of | ||
| Primary | 354.0 | 438.2 | 84.2 | 0.31 | 0.07 | 3.61 | |||
| AZ23232MET | 48-49 | Total | 94.0 | 464.0 | 370.0 | 0.40 | 0.04 | 0.95 | |
| Enriched | 94.0 | 414.0 | 320.0 | 0.44 | 0.05 | 1.02 | Incl. 76.0m of | ||
| Primary | 414.0 | 464.0 | 50.0 | 0.12 | 0.03 | 0.45 | |||
| GTK2315MET | 52-53 | Total | 69.0 | 521.2 | 452.2 | 0.29 | 0.05 | 1.09 | |
| Enriched | 69.0 | 260.0 | 191.0 | 0.45 | 0.04 | 0.86 | Incl. 76.0m of | ||
| Primary | 260.0 | 521.2 | 261.2 | 0.18 | 0.05 | 1.26 | |||
| GTK2316MET | 30 | Total | 94.0 | 319.1 | 225.1 | 0.38 | 0.02 | 0.88 | |
| Enriched | 94.0 | 319.1 | 225.1 | 0.38 | 0.02 | 0.88 | Incl. 48.0m of | ||
| Primary | |||||||||
| GTK2317MET | 28-27 | Total | 156.0 | 326.0 | 170.0 | 0.42 | 0.02 | 2.15 | |
| Enriched | 156.0 | 326.0 | 170.0 | 0.42 | 0.02 | 2.15 | Incl. 58.0m of | ||
| Primary | |||||||||
| AZ23210MET | 30 | Total | 110.0 | 415.0 | 305.0 | 0.64 | 0.07 | 1.62 | |
| Enriched | 110.0 | 352.0 | 242.0 | 0.73 | 0.07 | 1.59 | |||
| Primary | 352.0 | 415.0 | 63.0 | 0.28 | 0.06 | 1.73 | |||
| AZ23223MET | 32 | Total | 142.0 | 376.0 | 234.0 | 0.40 | 0.03 | 0.52 | |
| Enriched | 142.0 | 376.0 | 234.0 | 0.40 | 0.03 | 0.52 | Incl. 76.0m of | ||
| Primary | |||||||||
| AZ23227MET | 34 | Total | 69.0 | 334.0 | 265.0 | 0.68 | 0.07 | 1.27 | |
| Enriched | 69.0 | 284.0 | 215.0 | 0.73 | 0.06 | 1.30 | Incl. 137.0m of | ||
| Primary | 284.0 | 334.0 | 50.0 | 0.44 | 0.09 | 1.13 | Incl. 22.0m of |
Results are summarized in three schematic cross sections (Figures 2, 3, and 4), which include simplified interpretations of the Overburden, Leached, Enriched and Primary zones. The Enriched mineral zone refers to a copper deposit enriched by precipitation-derived water circulation that carries copper minerals downward through the rocks to accumulate in a thick, often horizontal "blanket". Immediately above the Enriched zone is the Leached zone, from which copper was removed and transported. Weathering and oxidation often contribute to this process. Below the Enriched zone, the Primary (or Hypogene) zone is formed by ascending copper-rich thermal fluids, originating from a much deeper magmatic source. The green line indicates the pit floor of the 30-year pit shell from the 2023 NI 43-101 Preliminary Economic Assessment (PEA).
Figure 1 presents a plan view of the location of three sections and the holes reported. Adjacent cross sections are located 50 m apart from each other, starting with the lowest numbered section at the south end of the deposit and progressing to the north.
Figure 1 - Plan View Location of Cross-sections and Drill Holes in the Deposit
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2014/200427_170cdc208400283a_003full.jpg
Figure 2 displays an intercept of 446 m grading
Figure 2 - Section 47 - Drilling, Mineralized Zones and 30-year PEA Pit (Looking North)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2014/200427_170cdc208400283a_004full.jpg
Figure 3 highlights a 257 m interval grading
Figure 3 - Section 31 - Drilling, Mineralized Zones and 30-year PEA Pit (Looking North)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2014/200427_170cdc208400283a_006full.jpg
Figure 4 presents an intercept of 250.0 m of
Figure 4 - Section 30 - Drilling, Mineralized Zones and 30-year PEA Pit (Looking North)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2014/200427_170cdc208400283a_007full.jpg
Technical information
The technical content of this press release has been reviewed and approved by Darren King, Director of Exploration of McEwen Copper, who serves as the qualified person (QP) under the definitions of National Instrument 43-101.
All samples were collected in accordance with generally accepted industry standards. Drill core samples, usually taken at 2 m intervals, were split and submitted to the Alex Stewart International laboratory located in the Province of Mendoza, Argentina, for the following assays: gold determination using fire fusion assay and an atomic absorption spectroscopy finish (Au4-30); a 39 multi-element suite using ICP-OES analysis (ICP-AR 39); copper content determination using a sequential copper analysis (Cu-Sequential LMC-140). An additional 19-element analysis (ICP-ORE) was performed for samples with high sulphide content and that exceeded the limits of the ICP-OES analysis.
The company conducts a Quality Assurance/Quality Control program in accordance with NI 43-101 and industry best practices, using a combination of standards and blanks on approximately one out of every 25 samples. Results are monitored as final certificates are received, and any re-assay requests are sent back immediately. Pulp and preparation sample analyses are also performed as part of the QAQC process. Approximately
Table 2 - Hole Locations and Lengths for Los Azules Drilling Results
| HOLE-ID | Azimuth | Dip | Length | Loc X | Loc Y | Loc Z |
| AZ23199MET | 250 | -67 | 271.0 | 2383430 | 6558947 | 3659 |
| AZ23226AMET | 250 | -77 | 275.3 | 2383311 | 6559016 | 3656 |
| AZ23228MET | 70 | -60 | 616.0 | 2382837 | 6559585 | 3625 |
| AZ23229MET | 70 | -70 | 262.4 | 2382846 | 6559746 | 3616 |
| AZ23230MET |
{
"@context": "https://schema.org",
"@type": "FAQPage",
"name": "TNR Gold NSR Royalty Update - Los Azules Copper, Gold and Silver Project - McEwen Copper Updates on Assay Results at Los Azules FAQs",
"mainEntity": [
{
"@type": "Question",
"name": "What are the highlights of the remaining 2022-2023 Los Azules metallurgical drilling results?",
"acceptedAnswer": {
"@type": "Answer",
"text": "The highlights include Hole AZ23205MET returning 257 m of 0.76% Cu, Hole AZ23228MET returning 446 m of 0.63% Cu, and Hole AZ23230MET returning 250 m of 0.68% Cu."
}
},
{
"@type": "Question",
"name": "Who is funding the Los Azules project for the 2023-2024 drilling campaign?",
"acceptedAnswer": {
"@type": "Answer",
"text": "The Los Azules project is funded by a US$10.0 million investment by Nuton, a Rio Tinto venture, and an ARS $42 billion investment by Stellantis."
}
},
{
"@type": "Question",
"name": "What is the objective of the 2022-2023 drilling campaign at Los Azules?",
"acceptedAnswer": {
"@type": "Answer",
"text": "The objective is to collect information needed for the project to advance towards the completion of a Feasibility Study in Q1 2025."
}
},
{
"@type": "Question",
"name": "Who is the qualified person overseeing the technical content of the press release?",
"acceptedAnswer": {
"@type": "Answer",
"text": "Darren King, Director of Exploration of McEwen Copper, serves as the qualified person (QP) under the definitions of National Instrument 43-101."
}
},
{
"@type": "Question",
"name": "What is the Enriched mineral zone at Los Azules?",
"acceptedAnswer": {
"@type": "Answer",
"text": "The Enriched mineral zone refers to a copper deposit enriched by precipitation-derived water circulation that carries copper minerals downward through the rocks to accumulate in a thick, often horizontal 'blanket'."
}
}
]
}
FAQ
What are the highlights of the remaining 2022-2023 Los Azules metallurgical drilling results?
The highlights include Hole AZ23205MET returning 257 m of 0.76% Cu, Hole AZ23228MET returning 446 m of 0.63% Cu, and Hole AZ23230MET returning 250 m of 0.68% Cu.
Who is funding the Los Azules project for the 2023-2024 drilling campaign?
The Los Azules project is funded by a US$10.0 million investment by Nuton, a Rio Tinto venture, and an ARS $42 billion investment by Stellantis.
What is the objective of the 2022-2023 drilling campaign at Los Azules?
The objective is to collect information needed for the project to advance towards the completion of a Feasibility Study in Q1 2025.
Who is the qualified person overseeing the technical content of the press release?
Darren King, Director of Exploration of McEwen Copper, serves as the qualified person (QP) under the definitions of National Instrument 43-101.
What is the Enriched mineral zone at Los Azules?
The Enriched mineral zone refers to a copper deposit enriched by precipitation-derived water circulation that carries copper minerals downward through the rocks to accumulate in a thick, often horizontal 'blanket'.
TNR GOLD CORPORATION ORD
OTC:TRRXFTRRXF RankingsTRRXF Latest NewsTRRXF Stock Data
8.17M
161.07M
15.01%
Other Industrial Metals & Mining
Basic Materials
United States of America
Vancouver
|