Saturday, January 20, 2007

TNR Gold Announces Winchester Phase II Exploration Results

In July 2006 they reported hole 06-45 with 23.6m of 1.9 g/t

Now in 5 holes 4 returned gold mineralisation with:

DDH 06-53 with 13.4m of 1.22 g/t and DDH 06-52 with 9.2 m of 1.96 g/t

Primary focus for 2007 will stay on Winchester Zone.

They are talking here about Nova Gold's Donlin Creek multi million OZ Au type of mineralisation. Winchester zone is 16 km south of TNR GOLD's Shotgun property optioned from Nova Gold (50% ownership) where 1 mil OZ Au in inferred resources reported by Nova Gold.

Now the question is whether this discovery could be proved to be Low Grade Bulk Tonnage Deposit with few millions OZ Au.

Management just granted themselves options at Cad 0.2, so we can expect more news and money coming into this story.
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