Key point summary:1. Samples at Mavis & Forgan Lake have confirmed high grade Li2O and the presence of rare metals -- grab samples up to 3.14% Li2O.
2. Other Rare Metals (Tantalum) over limit samples are pending
3. Phase 2 follow-up underway"
Our play on Next Big Thing: green mobility revolution with bull markets in strategic commodities Lithium, other rare metals and REE - is making further progress in building critical mass in its global portfolio of Lithium and REE properties.
Please do not confuse our research work here "How to build from zero to one billion" with investment advise, as usual.
TNR Gold has confirmed historical mineralisation on Mavis lake property among other properties in Ontario and now increases fivefold its land package in the area. Initial exploration model of Dr Frederick Breaks and Ike Osmani has found further confirmation on the ground with extension of known mineralized pegmatites into the newly acquired areas and warranted this aggressive acquisition with: "Expanded claims secure known mineralized pegmatite extensions and surrounding prospective area."
We made some research and found that Dr Frederick Breaks used Mavis property for his PhD thesis in 80s, more then twenty years ago. With this kind of persistence can we count on another discovery this time for International Lithium corp.?
"TNR Gold TNR.v attracted Dr Breaks a major expert figure in the REE market with few discoveries behind his belt, junior is apparently betting on Lithium story and moving fast putting properties and people able to develop them together. More on Dr Breaks discoveries: The Big Whopper, one of only four giant economic rare metal pegmatites worldwide, is set to become a producer of the highly valued lithium mineral petalite (LiAlSi4O10) used in glass, ceramics and the specialty glass-ceramics familiar as Corningware® and the new ceramic stovetops. The Pakeagama Lake pegmatite, located 160 km north of Red Lake, is one of the largest and most highly evolved rare-element-mineralized pegmatite systems in the Superior Province of Ontario, Canada. It is a LCT pegmatite enriched in Li, Cs, Rb, Ta, Sn etc."
TNR Gold seems to be well positioned in Ontario as a whole with Ike Osmani's years spend within Ontario Government Geological Survey.
"Ike Osmani, P.GeoPosition: TNR Gold Chief Geologist for South American Projects
International Lithium management
Mr. Osmani brings 26 years of Canadian and International mineral exploration experience in gold, uranium and base metals and has provided exploration consulting services for numerous resource companies. He has 17 years of experience with major and junior exploration/mining companies and as an independent Consultant and 9 years with Ontario Geological Survey (Government of Ontario)."
"Ike Osmani, P.GeoPosition: TNR Gold Chief Geologist for South American Projects
International Lithium management
Mr. Osmani brings 26 years of Canadian and International mineral exploration experience in gold, uranium and base metals and has provided exploration consulting services for numerous resource companies. He has 17 years of experience with major and junior exploration/mining companies and as an independent Consultant and 9 years with Ontario Geological Survey (Government of Ontario)."
Company has updated its presentations on the home page, International Lithium Corp presentation now summaries impressive portfolio with more latest details from ongoing exploration.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2009) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR - News) and wholly-owned International Lithium Corp. ("ILC") are pleased to announce the expansion by staking of the Mavis Lake rare metals (Li-Ta) property located approximately 15 km northeast of the city of Dryden in northwestern Ontario.
- Mavis Lake property increased to 2,554 hectares from 512 hectares;
- 1.24 wt% Li2O over 5.3 metres in channel and 3.14 wt% Li2O in grab sample reported;
- Follow-up program recently completed with results pending; and
- Expanded claims secure known mineralized pegmatite extensions and surrounding prospective area.
President of TNR Gold, Gary Schellenberg states, "The high grade lithium values encountered and the observations reported from the project indicate a highly evolved pegmatite environment. Further exploration will focus on defining the extent and identifying the various mineralized zones within the Mavis Lake pegmatites."
The newly acquired claims, comprising 2,032 ha area (10 claims - 127 units), are contiguous from the eastern and northern boundaries of company's 100% owned existing (512 ha) Mavis Lake property. The total property area of 2,544 ha represents a fivefold increase in size from the Company's previous land position at Mavis Lake.
The acquisition of the new claims was prompted due to the high grade lithium mineralization encountered from the Company's recently conducted initial litho-geochemical sampling program on the property. The high-grade mineralization, including 1.24 wt% Li2O over 5.3 metres in channel samples and up to 3.14 wt% Li2O in grab samples, was obtained from Pegmatite Dike #18 located near the northeastern boundary of company's previously staked claims (TNR News Release - October 05, 2009).
The new claims are significant in that they secure the potential extensions of 9 known mineralized pegmatite dikes to the east and encompass a highly prospective area in which to discover additional mineralized pegmatite dikes.
TNR/ILC has now completed a more comprehensive second phase of mapping and litho-geochemical sampling program on the property and intends to release the results as they become available.
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.
ABOUT TNR GOLD / INTERNATIONAL LITHIUM CORP.
TNR is a diversified metals exploration company focused on exploring existing properties and identifying new prospective projects globally. TNR has a total portfolio of 33 properties, of which 16 will be included in the proposed spin-off of International Lithium Corp.
It is anticipated that TNR shareholders of record will receive up to one share and one full tradable warrant of International Lithium Corp. for every 4 shares of TNR held as of the yet determined record date. This will result in TNR shareholders owning shares in both TNR and International Lithium. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit International Lithium Corp.
The recent acquisition of lithium, rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the company's commitment to generating projects, diversifying its markets, and building shareholder value.
On behalf of the board,
Gary Schellenberg, President"
On behalf of the board,
Gary Schellenberg, President"
TNR Gold TNR.v Los Azules 25% back in right Implied Valuation. TNR.v, MAI.to, CZX.v, LUN.to, FCX, HUI, XAUSaturday September 26, 2009 - 18:01 PM EDT
ReplyDelete"7. How much Los Azules worth?
Based on market valuation of Apoquinto, Corriente, Exeter and Norsemont with average valuation parameter of 0.037 USD per Copper lb resource Minera Andes 49% in Los Azules which is 5.5 bln lb of copper resource has 'Implied valuation' of 203 mln USD."
The Companies mentioned in your article, have they completed final feasibility study, or are they at the pre-feasibility study stage? This would certainly have an affect on the values you quote.
An answer would be much appreciated and I thank you.