TNR Gold says new assays from McEwen Mining's Los Azules copper project suggest expansion potential
London, UK
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May 22, 2023 08:00 AM Eastern Daylight Time
TNR Gold Corp CEO Kirill Klip takes Proactive's Stephen Gunnion through latest exploration results from the Los Azules copper, silver, and gold project in Argentina. TNR holds a 0.4% net smelter returns royalty (NSR) on Los Azules, of which 0.04% of the 0.4% NSR Royalty is held on behalf of a shareholder. Klip said the assays revealed significant mineralization, suggesting the potential for expansion of the deposit. The project has attracted strategic partners, including Rio Tinto and Stellantis, who have invested substantial amounts to advance its development. With growing drilling results and a new preliminary economic assessment (PEA) expected this quarter, the company aims to provide hard numbers for potential royalty streams. The CEO emphasized the project's growth potential and hinted at upcoming catalysts, including additional drilling results and a possible increase in project size.
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