Project generator TNR focuses on gold and the key energy metals, copper and lithium

TNR Gold Corp. (TSXV: TNR) is an exciting Canadian project generator and exploration company which has been successful in generating high-quality exploration projects around the globe. TNR Gold’s current three main projects involve gold in Alaska, copper and gold in Argentina, and lithium in Argentina.

TNR Gold – Exposure to gold, copper, and lithium

Shotgun Gold Project (90% owned) – Alaska

The Shotgun Gold Project is an advanced-stage exploration prospect in southwestern Alaska. It is a porphyry gold deposit with the potential for a bulk mineable gold resource. A 2013 resource estimate was an Inferred Resource of 20,734,313 tonnes at 1.06 grams per tonne (g/t) gold for a total of 705,960 ounces gold (Au) using a 0.5 g/t Au cut-off grade. At US$1,500/oz the project is looking increasingly attractive. Shotgun Gold is 190 km from Donlin Gold and resembles the same geological signature as Donlin.

The property is predominantly underlain by Cretaceous marine sediments of the Kuskokwim Group which have been intruded by several igneous bodies ranging from granite to syenite in composition throughout the late-Cretaceous Period. Some of these intrusions appear to be directly related to gold mineralization. Mineralization described on the Shotgun Gold project shares several key similarities both in timing and style of mineralization with that of the Donlin Gold project as well as other reduced intrusion-related gold systems within the Kuskokwim Gold Belt which is included in the prolific Tintina Gold Province. The potential of the region is indeed there for a “great discovery” as stated below.

Kirill Klip, Executive Chairman of TNR Gold commented: “TNR Gold is actively introducing the Project to interested parties. We may be at the beginning of a great discovery. The next step is to acquire a partner that shares our vision and recognizes the growth potential and value to be added to the Shotgun Project over time.”

More gold mining juniors are getting interested in Alaska

The news about Electrum Group partnering in a new venture with gold mining legends Rob McEwen and Eric Sprott for exploration in Alaska should ignite a new wave of interest for the juniors operating in Alaska. The State has now jumped to fifth place among safe mining jurisdictions and the elephant-sized 39 Moz Donlin Project is gathering more attention by the day. Electrum Group is the major shareholder of Nova Gold which is developing Donlin Gold in JV with Barrick Gold. Donlin Gold is being called “Arguably the world’s most important gold project in the industry” and “One of few large federally permitted gold projects in North America.” Its development will bring infrastructure to the whole South-West Alaska creating one of the major mining districts in the US.

Los Azules Copper-Gold Project (0.36% net smelter return (NSR) royalty) – Argentina

TNR Gold is already involved with mining legend Rob McEwen in Argentina. TNR holds a 0.36% net smelter return royalty on the 100% owned McEwen Mining Los Azules Project. Based on Preliminary Economic Assessment assumptions, TNR’s 0.36% NSR royalty equates to ~$38 million life of mine value.

Last year the Los Azules Project identified a critical value-adding milestone with a Northern access road route explored during March 2019 and confirmed to be viable for access and a proposed electrical transmission line. Permitting efforts are continuing to advance. McEwen Mining is targeting the submission of the Environmental Impact Assessment by the end of the year and expects the Environmental Impact Declaration to be received during 2020. The new access road will allow the project to operate all year round. This is all good news for TNR Gold that the project is progressing well.

Mariana Lithium Project (1.8% NSR royalty) – Argentina

TNR Gold holds a 1.8% NSR royalty on the Mariana Lithium Project in Argentina which is being developed by a JV with Ganfeng Lithium and International Lithium (ILC). TNR Gold does not have to contribute any capital for the development of Mariana Lithium and the 1.8% NSR royalty does not depend on the size of ILC’s share. This royalty is another part of TNR Gold’s portfolio as the essence of TNR’s business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cash flows to contribute significant value for their shareholders. The development of the Mariana Lithium Project in Salta Argentina can benefit from all R&D and the learning curve from Ganfeng’s development with Lithium Americas in Argentina, and hopefully avoid the costly mistakes of other lithium brine operators.

Ganfeng Lithium has reaffirmed its commitment to Argentina celebrating a few weeks ago closing of an additional $160 million investment with Lithium Americas. Earlier this year it was reported that Ganfeng has proposed a budget of $10 million for further Mariana development in the first half of 2019. In its 2018 annual report, Ganfeng reported that Mariana Lithium pre-feasibility and feasibility studies are expected by the end of this year. TNR can expect further news about the economic potential of this very significant development for the burgeoning EV industry under the operation by Ganfeng – the largest integrated lithium producer from China.

TNR Gold valuation looks to be extremely attractive especially given the Alaskan gold at Shotgun (90% owned) (705,960 inferred ounces), the Los Azules Copper-Gold Project 0.36% NSR Royalty (~$38 million life of mine value), and the Mariana Lithium Project 1.8% NSR royalty. Considering all of the above the market cap of C$4.71 million suggests TNR Gold is super cheap, especially with gold near US$1,500/oz.




Kirill Klip on TNR Gold’s shotgun gold project in Alaska

Recently during PDAC 2019, Kirill Klip, President and CEO of TNR Gold Corp. (TSXV: TNR), shared update on TNR Gold’s Shotgun Gold Project in Alaska with InvestorIntel’s Peter Clausi.

Kirill said: “We developed inferred resource of just under 800,000 ounces of gold. The cutoff grade is 0.5 grams per ton, but we are very excited because we have intersections as good as over 20 meters over 2.5 grams per ton. The most exciting of course are intersections over 200 meters over 1 gram per ton. So we are talking about very big, potentially porphyry system very similar in geological signature to Donlin Gold.”

TNR Gold Corp. is working to become the green energy metals royalty company. Over the past twenty-three years, TNR, through its lead generator business model, has been successful in generating 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 royalty on the entire project, which is being developed by McEwen Mining Inc.

To access the complete interview, click here

To access Shotgun Gold Project, Alaska Presentation, click here

Disclaimer: TNR Gold Corp. is an advertorial member of InvestorIntel Corp.




TNR Gold’s Klip says all cars will go electric much sooner than anticipated

March 14, 2018 — “I am really in this game because I believe that all cars will be electric much sooner that a lot of people are anticipating. It means that we will have to produce, moving from today’s level of just 217,000 tons of lithium carbonate as a market total in sales to 1 million tons annually,” states Kirill Klip, CEO and President of TNR Gold Corp. (TSXV: TNR), in an interview with InvestorIntel’s Jeff Wareham. 

Jeff Wareham: Kirill is the executive chair of TNR Gold. Now the name confused me, Kirill, because to be honest with you as much as I like gold I love what you are trying to do. Can you tell me what TNR is up to? 

Kirill Klip: Thank you very much Jeff for having me today. We are building on a base of TNR Gold, the green energy metals royalty company. Our roots go far back. The company is more than 20 years old. I joined it 10 years ago. One of our most exciting projects, in the gold now, will be in Alaska, Shotgun Gold; right close in proximity of Donlin Gold. Now, as we know, Alaska is heating up, if I may, for mining again. My real dream is to build the green energy metals royalty company. I still remember the days when I was buying Royal Gold, if you remember. I was lucky enough to buy it below $5. Then, of course, I was very happy to sell it over $70. I would like to do the same, but now in the space of so-called energy metals.  

Jeff Wareham: Okay. What energy metals excite you? 

Kirill Klip: Energy metals excite me because I really think that we are at the very beginning of the megatrend and very famous now in our still small circles is the Morgan Stanley report, which almost halves the valuation of all lithium mining companies. Just telling me we are at the very, very beginning of this megatrend because at the moment we just crossed 1% in sales of our general so-called internal combustion engine, so-called ice cars being taken over by electric cars. Now they are closing on 2%. As we discussed just recently in my interview about International Lithium, I am really in this game because I believe that all cars will be electric much sooner that a lot of people are anticipating. It means that we will have to produce, moving from today’s level of just 217,000 tons of lithium carbonate as a market total in sales, to 1 million tons annually. It is not my focus, but by UBS. Then I will give you my focus. We have to produce in total 12 million tons of lithium by 2030 just to have 200 million electric cars worldwide, and then up to 36 million tons…to access the complete interview, click here

Disclaimer: TNR Gold Corp. is an advertorial member of InvestorIntel Corp.