Tuesday, May 05, 2009

TNR Gold Corp. Applies for Lithium Pegmatite Belt Licenses in Ireland. TNR.v, SQM, GOOG, ESLR, AAPL, RIMM, WLC.v, CLQ.v, CDNX, HUI, XAU, OIL, OIH, FCX

Things are happening fast in our Lithium space: Next Big Thing is growing - World Demand for Materials Used in Batteries to Reach $22.8 Billion in 2012.
Now TNR Gold TNR.v plugs International Lithium into Europe.

Move is subject to exploration licences to be granted. At stake is a huge area with high grade historical indications in mining friendly Ireland. Now we are getting the sense of International and Global in this new focused Lithium exploration play to be spin out from TNR Gold.

"TNR Gold Corp. Applies for Lithium Pegmatite Belt Licenses in Ireland
On Tuesday May 5, 2009, 3:10 pm EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 5, 2009) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR - News) is pleased to announce the recent application for licences to explore the Leinster Pegmatite Belt in southeast Ireland. TNR has applied for eight licences in counties Carlow and Wicklow which cover the belt, totaling 292 km2. TNR anticipates that the application process will take 4 to 6 months to complete and upon receipt of the licences, fieldwork will commence.
The areas can be seen on the following map - http://us.lrd.yahoo.com/_ylt=Akg8wDcnup21utYFiIEtOU6yf88A/SIG=11ll2ta8s/**http%3A//www.tnrgoldcorp.com/i/pdf/TNR-Ireland.pdf
The application for these licences initiates the Blackstairs Lithium-Tantalum Project which will focus on evaluation of the approximately nineteen pegmatites that make up the Leinster Pegmatite Belt for lithium, tantalum and related rare elements. Lithium was first located in this area during base metal exploration in the 1970s. At least three of the pegmatites were drilled in the 1970s. In 1970, a total of 885m of drilling on the Aclare pegmatite was completed. Although tantalum minerals were identified, there is no record of any analysis for elements other than lithium. To the north at Stranakelly, two holes were drilled in 1974 and returned intervals intersecting 1.4m of 2.34% Li and 5.5m of 1.6% Li. In 1976 five holes drilled at Moylisha included an intersection of 9.5m of 1.66% Li. Lithium occurs as both spodumene and lepidotlite with the latter mineral found more in the northern part of the belt.
Since the lithium exploration in the 1970s attention of subsequent explorers has focused on tantalum, particularly in the southern half of the belt. In addition, anomalous values in niobium, tin and cesium have been reported.
Ireland has a well established mining history and has attracted a number of major mining companies. Access to the licence area is by a network of good roads across a rural, farming area.
Once the licenses are granted, TNR plans an exploration programme to confirm earlier drilling results, quantify additional rare elements in those areas and follow-up results and recommendations from earlier reconnaissance programmes. An experienced geological team source from Ireland and Canada will be ready to apply pegmatite exploration methods proven in Canada to re-evaluate the Leinster Pegmatite Belt in Ireland.
Mr. John Harrop 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 is a diversified metals exploration company focused on identifying new prospective projects globally and upon approval of the above licences has a total portfolio of 30 properties, of which 13 will be subject to the proposed spin-off of International Lithium Corp. (http://us.lrd.yahoo.com/_ylt=AoD1pUUKdwJco9v5PQLsm0Kyf88A/SIG=11907bp0b/**http%3A//www.internationallithium.com/).
The recent acquisition of Lithium projects in Canada, USA and Ireland confirms the company's commitment to project generation, market diversity, and building shareholder value.
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.
On behalf of the board,
Gary Schellenberg, President"

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