Tuesday, April 28, 2009

TNR Gold Corp. Acquires Mavis Lake, Ontario Lithium Property. TNR.v, SQM, GOOG, RIMM, AAPL, GM, F, BYD, TTM, FCX, NUI, XAU, WLC.v, CLQ.v, CNY.v, FCX,

TNR Gold and Dr Breaks are in action and delivered another Lithium property in stable Canada. Ontario recently was voted as one of the top destinations to conduct mining. With couple of Lithium discoveries under his belt Dr. Breaks must be excited to be back in the Next Big Thing after 20 years. After all, invitation from Gary Schellenberg to get into Lithium story early could be very promising. Junior now has 3 Lithium properties in Canada and 1 in Nevada, USA.
All details can be found in this presentation.

On Tuesday April 28, 2009, 3:20 pm EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 28, 2009) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR - News; PINK SHEETS:TRRXF - News) is pleased to announce the acquisition by staking of the Mavis Lake Lithium & Rare Metals Project. Located 15 km northeast of the town of Dryden, Ontario and accessible by an all weather road, Mavis Lake encompasses nine identified lithium and tantalum-bearing pegmatites within a 512 hectare claim block. An Ontario Hydro major transmission line passes approximately 1 km south of the property. Lithium continues to be the rare metal of the 21st century, with increasing worldwide demand for lithium as a raw material for high tech devices and energy-efficient batteries and vehicles. To help understand the technical aspects of Lithium and Rare Metals please visit TNR's website at http://www.tnrgoldcorp.com/s/Home.asp.
The Mavis Lake Project covers the eastern extent of the Mavis Lake pegmatite group, an east-trending concentration of rare-element-bearing pegmatites and related metasomatic zones. The nine known pegmatites on the property, named from Pegmatite 11 to Pegmatite 19 (inclusive), represent a mix of albite-spodumene-type pegmatites and albite-type pegmatites.
A variety of channel and grab samples collected by Dr.Breaks (1989) from albite-type pegmatites on the property have returned highly anomalous lithium oxide and tantalum values. Results of selected samples from this pegmatite type from the Mavis Lake property are as follows:
Pegmatite No Sample Number Li2O Ta (ppm) Sample type
Pegmatite 13 244 2320 ppm over 1.3 m 170 Channel cut
Pegmatite 14 245 250 ppm over 0.63 m 70 Channel cut
Pegmatite 15 246 1980 ppm over 1.7 m 150 Channel cut
Pegmatite 19 247 225 ppm 280 Grab sample
(Breaks, Ph.D. thesis 1989, p.306)
The albite-spodumene-type pegmatites (#11, 12, 17 and 18) typically contain the highest spodumene (LiAl(Si2O6)) content of any pegmatite type, particularly a grab sample of the pegmatite 18 which contains 53% volume spodumene (Breaks Ph.D. thesis 1989, p. 104) is approximately equivalent to 4.3% Li2O.
Tantalum-bearing minerals, both in albite and albite-spodumene pegmatites, on the Mavis Lake property have been identified by microprobe analyses as manganese-tantalite, manganese-columbite and wodginite group ((Mn(Sn,Ta)Ta2O8) (2003 Ontario Geological Survey MRD 127). Additional mineralization to note is the presence of the tungsten, scheelite (Ca (WO4)) in vein systems proximal to Pegmatites 13, 14 and 16, as well as beryl in Pegmatites 13, 14 and 15 (Breaks, 1989).
Tantalum is used commonly in high tech applications as portable capacitors and industrial grade glass found in high-end camera lenses and precision medical equipment. Furthermore tantalum carbide is one of the hardest material known and is frequently manufactured into high-speed machine tools.
TNR's special advisor on Lithium and Rare Metals, Dr. Frederick W. Breaks comments, "The Mavis Lake property has lithium and tantalum mineralization that has not witnessed exploration since the early 1980's with high spodumene contents occurring in Pegmatite 18, the largest on the property with an apparent width up to 18 m and a minimum strike length of 215 m." Breaks continues, "Tantalum minerals are also widespread and, in particular, the presence of wodginite, which is the chief ore mineral for tantalum at the world-famous Tanco pegmatite in SE Manitoba, magnifies the exploration potential for this metal."
Ike Osmani, P.Geo. is the Company's qualified person on the project as required under NI 43-101 and has reviewed the technical information contained in this press release.
TNR proposes to spin-out its lithium and rare metals projects into its wholly owned British Columbia subsidiary International Lithium Corp. ("Int. Lithium Corp."). Upon completion of the transfer of the lithium and rare metals projects to Int. Lithium Corp., TNR intends to distribute up to 75% of the securities of Int. Lithium Corp. to TNR shareholders (the "Spin-Out Transaction"). Application will also be made to list the shares of Int. Lithium Corp. on the TSX Venture Exchange (the "Exchange"). Please see TNR's news release dated April 27, 2009 for complete details of the proposed spin-out.
TNR is a diversified metals exploration company focused on identifying new prospective projects globally with 21 properties currently in its portfolio.
In anticipation of the surging international lithium demand in various high tech and efficient energy applications, TNR has actively pursued an aggressive global acquisition strategy for Lithium and Rare Metals projects of merit. This further confirms the company's commitment to project generation, market diversity, and building shareholder value.
On behalf of the board,
Gary Schellenberg, President
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