VANCOUVER, BRITISH COLUMBIA–(EMWNews – July 17, 2008) – TNR Gold Corp. (“TNR”) (TSX VENTURE:TNR)(PINK SHEETS:TRRXF) is pleased to announce that mobilization of equipment and drill site preparation are now completed and a planned 3,000 metre drill program has commenced on its 70% optioned El Tapau project in Argentina. Over the next 2 to 3 months, this drilling program will test both historic, and newly defined targets resulting from recently conducted geological and geophysical surveys on the property.
Exploration work conducted by TNR in 2007 and 2008 on the property included a 3-D IP survey, bedrock mapping, litho-geochemical and soil sampling. Prior to 2007, the previous operator Petra Gold outlined a 2500 metre by 1000 metre area of auriferous quartz vein system (lode gold) in the west-central part of the property. This area is now expanded by TNR to the east and to the west by a further 200 metres as a result of soil and LAG sampling programs that have yielded trace to 548 ppb and trace to 2009 ppb gold, respectively. This area has also been expanded 100 metres further north with the discovery of a quartz vein that returned up to 30.83 g/t gold and over 200 g/t of silver over 4 metres width.
A five-hole (633 metres) historical drilling program in 1995 in the northeast corner of the property intersected anomalous to highly anomalous copper mineralization in the porphyry intrusion. Compilation of both historical and current IP data shows that these holes were short of penetrating stronger chargeability anomalies at depth. TNR will test these chargeability anomalies at greater depths and also newly defined gold targets in the current drilling program.
The El Tapau copper-gold property, occurring within the eastern Andes (Cordillera Frontal) of the San Juan Province, is strategically located approximately 50 km north-northwest of TNR’s El Salto property hosting copper-molybdenum+/-gold mineralization. Both El Salto and El Tapau are within the “yellow belt” district of San Juan which hosts the two well-known copper deposits, the El Pachon deposit (724 MT at 0.65% copper) in Argentina, and the Los Pelambres Mine (1487 MT at 0.66% copper) near the Chile-Argentine border (Falconbridge/Xstrata and Antofagasta websites).
This news release has been prepared under the supervision of Ike Osmani, P.Geo, TNR’s qualified person on this news release.
ABOUT TNR GOLD CORP.
TNR is a base and precious metals exploration company focused on aggressively identifying new prospective projects as well as fostering work on its large portfolio of 17 properties in Argentina and Alaska. The company’s focus over the next 12 months is the exploration and development of its Eureka, El Salto, and El Tapau in Argentina and Shotgun project in Alaska.
On behalf of the board,
Gary Schellenberg, President
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.
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