Friday, January 19, 2007

TNR Gold La Carolina Project Exploration Commences

It is going to be Hot Summer in Argentina this year on TNR Gold properties:
"La Carolina:
El Camino is partially exposed on surface by old workings. In 1988, Argentina’s Direccion de Fabricaciones Militares (DGFM) drilled 13 vertical holes on the showing. All of the holes intersected gold mineralization. The best hole intersected 138m averaging 2.5gpt Au and included 25m averaging 4.2gpt Au, 33.9m averaging 1.22gpt Au and 29m averaging 1.44gpt Au. As part of an extensive drill program in 2004, an inclined hole was drilled to confirm the DGFM results and intersected 20m averaging 1.43gpt Au, 34m averaging 0.52gpt Au and 6m averaging 1.41gpt Au. This drilling confirms the existence of an intensely altered gold bearing hydrothermal breccia pipe with chalcedony and pyrite matrix which suggests that the pipe remains open to depth and the true width of the pipe remains to be determined.
The Mogote target, located 1,000m south of El Camino, was drilled by DGFM and intersected 3m averaging 59.5gpt Au in the basement rocks in contact with the Tertiary volcanic rocks. This target has not been followed up and remains open at depth and along strike."

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