TNR Gold TNR.v has a conditional 25% back in right on 50% of the Northern part of the property. Company has recently announced that it has filed a lawsuit against "MIM Xtrata Argentina" in BC Canada to clear the status of Escorpio IV property in the proximity of Los Azules and to consider a 25% back in right "time condition" as contrary to the negotiated terms.
Interesting information on mining in Argentina on Argentina and Mining 101.
"SPOKANE, WA, Sept. 8 /CNW/ - Minera Andes Inc. (TSX: MAI and US OTC: MNEAF) is pleased to announce the results of an independent resource estimate at the Los Azules Copper deposit located in western San Juan province, Argentina. The Inferred Mineral Resource, at 0.35% total copper ("CuT") cut-off, is defined by an area approximately 3.7 km by 1 km in size and contains a high-grade near surface copper core in the north (see attached drill map and long section). This resource estimate will form the basis of an economic scoping study (NI-43-101 Preliminary Assessment) planned for completion at yearend. In addition, the mineralized copper target remains open to the north and at depth.
At a 0.35% total copper cut-off, the Inferred Resource at Los Azules is 922 million tonnes grading 0.55% copper, containing 11.2 billion pounds of copper."
At a 0.35% total copper cut-off, the Inferred Resource at Los Azules is 922 million tonnes grading 0.55% copper, containing 11.2 billion pounds of copper."
This resource announcement is an outstanding landmark for any junior, thanks for the reminder!!
ReplyDeleteMAI and TNR is a great combination of stock in this const
Take a look at http://www.tnrgoldcorp.com for more info keep up the good work!