TNR Gold considers latest McEwen Copper Los Azules drill results "spectacular"
London, UK
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August 01, 2023 04:41 AM Eastern Daylight Time
TNR Gold Corp (TSX-V:TNR, OTC:TRRXF) Executive Chairman Kirill Klip joins Thomas Warner from Proactive London to talk about the most recent assays from the the Los Azules copper, gold and silver project in San Juan, Argentina. The project is being developed by McEwen Copper, which is majority-owned by McEwen Mining Inc (TSX:MUX, NYSE:MUX), and has garnered major investment from industry heavyweights like Rio Tinto and Stellantis. Klip gives an overview of the assays, which are the latest from 39,900m of drilling at the project, and says that the results are "spectacular" and "speak for themselves." He goes on to emphasise the project's value, estimating that TNR's 0.4% net smelter returns royalty could ultimately be worth over $30 million. Additionally, he highlights the implementation of a crucial shareholder rights plan that was given the green light by TNR's board earlier in July. The plan is designed to safeguard against unsolicited or creeping takeover bids, although the company has emphasises that it was not a response to any specific acquisition proposal.
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