This Junior is charging fast into our Next Big Thing and announced today another acquisition of Lithium property in NWT, Canada. This time it is a past minor producer and some samples are reported to assay 7.44% and 8.6% Li2O. All these information historical and needs to be confirmed to 43-101 by exploration as usual. Now TNR Gold has already 5 Lithium and REE properties and it looks like all of them are with good historical indication of mineralisation. This place is still not very crowded and Company managed to cherry pick the best available properties so far. Once Lithium play is on the radar screens to follow, others will have to come to Juniors like TNR Gold or International Lithium by that time and buy into the properties. First J/V deal is to watch later this year:what kind of interest will be attracted from the fast growing industry."TNR Gold Corp. Acquires Lithium & Rare Metals Property in Northwest Territories
On Thursday April 30, 2009, 2:51 pm EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 30, 2009) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR - News) is pleased to announce the acquisition by staking of the Moose 2 project, located 115 km east-southeast of Yellowknife, near the shore of Great Slave Lake in the Northwest Territories. The Moose 2 project lies in an area known for lithium, tantalum, niobium with minor tin and beryllium mineralization associated with zoned pegmatite dykes, and was a minor producer between 1947 and 1954.
The Moose 2 pegmatite is one of the better-known rock units of the Hearne Channel - Buckham Lake area, which are noted for their high lithium content and well-developed internal structure. Within 8 kilometres of the Moose 2 there are four other significant occurrences of spodumene and columbite-tantalite bearing pegmatites: Best Bet, the Moose 1, Big Hill #2, and Blatchford Lake.
The Moose 2 pegmatite is a zoned pegmatite, and occurs as a series of exposures up to 24.4 metres wide over a 426.7 metre strike length. These dykes consist of two distinct zones: 1) lithium-bearing zones, and 2) tantalum-niobium bearing zones. Within the lithium-bearing zones, the lithium mineralization is associated with both spodumene and amblygonite-quartz bearing zones. Spodumene from spodumene and amblygonite-quartz bearing zones is reported to assay 7.44% and 8.6% Li2O, respectively (Groves 1978).
The tantalum - niobium mineralization also occurs in two distinct zones: feldspar rich zones with platy columbite - tantalite and fine-grained muscovite-quartz-feldspar border zones. Sampling of an ore pile of this material has returned grades averaging 0.104% Ta2O5 (Mosher 1969).
The zonation of the pegmatite could allow for the mining and processing of 3 separate concentrates: a spodumene concentrate, an amblygonite concentrate, and a columbite-tantalite-cassiterite concentrate (Groves 1978). The Moose 2 location, only 115 km east southeast of Yellowknife on the shore of Great Slave Lake, allows relatively easy access to the property by barge in summer and on ice roads in winter.
Significant potential exists for expansion of tonnage. The property has seen a very limited amount of drilling and the deposit remains open at depth and along strike. In addition to confirming and expanding historic resources TNR aims to further explore the property for other lithium and tantalum enriched pegmatite dykes yet to be discovered.
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.
To help understand the technical aspects of Lithium and Rare Metals please visit TNR's website at www.tnrgoldcorp.com.
ABOUT TNR
TNR is a diversified metals exploration company focused on identifying new prospective projects globally with 22 properties currently in its portfolio, of which 5 properties will be subject to the proposed spin-off of International Lithium Corp. (www.internationallithium.com) as announced in TNR's news release dated April 27th, 2009.
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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