We are holding a position in the company and, please, do not consider anything as an investment advise on this Blog, as usual."
"Now Los Azules is a Top Project for Rob McEwen according to Minera Andes presentation:
Los Azules in Minera Andes presentation
More on the Canaccord valuation of Los Azules:
Gold and Copper in Argentina: Rob McEwen, Los Azules and TNR Gold.
"Rob McEwen CEO of Minera Andes was marketing Los Azules in San Francisco with the following:"Los Azules Copper DiscoveryInferred resource containing over 11 billion pounds of copper.
Larger than 83% of the world's copper deposit.
Open at depth and to the north for over 2 miles.
High Grade Core: Approximately 105 million tons of 1% copper near-surface!
Los Azules Preliminary Assessment
NPV (USD 3.0/lb, 8% discount rate) - $4 Billion
IRR - 25%Initial Capital Expenditure - 2.7 Billion
Mine Life - 23.6 years."
Who is involved:
"British Swiss Investment Corp.
"Royal Gold and Battle Mountain Gold Exploration Sign Definitive Merger Agreement
DENVER, April 18 / -- ROYAL GOLD, INC. (NASDAQ:RGLD) ("Royal Gold") and Battle Mountain Gold Exploration Corp. (BULLETIN BOARD: BMGX) ("Battle Mountain") announced today that they have signed a definitive merger agreement under which Royal Gold will acquire 100% of the fully diluted shares of Battle Mountain in an all-stock merger transaction. The merger agreement was unanimously approved by both companies' boards of directors. This transaction was initially discussed in Royal Gold's March 5, 2007, press release...
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 1, 2010) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR - News) is pleased to announce that it has engaged British Swiss Investment Corp. ("BSIC") to undertake a strategic review of TNR's alternatives for its Los Azules project (the "Project") located in the San Juan Province of western central Argentina. The possible alternatives to be reviewed may include a sale of all or a portion of the Project, a joint venture or similar arrangement with respect to the Project, or an equity, debt or convertible financing, or any combination of these, to fund the development of the Project. At this point there are no assurances that any transaction will result from this strategic review.
The Los Azules project is an advanced exploration project currently reporting a National Instrument 43-101 compliant Inferred Resource. TNR has previously announced that Minera Andes Inc. ("MAI") has commenced a diamond drill program of approximately 8,800 metres at the Los Azules project. Please refer to MAI's news release dated January 12, 2010 for further details on the exploration program.
TNR retains a 25 per-cent back-in right to certain of the properties, the terms of which are currently the subject of a legal dispute with Xstrata, which assigned its interest to MAI. A court date is set for the fall of 2010. The Company fully intends on exercising its back-in right to the properties at the appropriate time. In the legal dispute with Xstrata, TNR is also seeking confirmation of its ownership of the Escorpio IV property, which is located adjacent to the Project, and a declaration that the Escorpio IV property is excluded from the Exploration and Option Agreement.
BSIC is an investment firm that provides late stage venture capital, strategic consulting and transaction advisory services to companies in the resource business. BSIC has been a lead investor in and an advisor to a number of successful junior resource companies, including Aurex Resources Ltd. (TSX:AXR - News), Battle Mountain Gold Exploration Inc. (OTC:BMGX - News), Invader Exploration Inc. (TSX:INV - News), and Princeton Mining Inc. (TSX:PMC - News). BSIC was incorporated in British Columbia in 1990. The principals of BSIC are Mark Kucher (604-696-9720) and Steven Nevard (604-696-9721).
ABOUT TNR GOLD / INTERNATIONAL LITHIUM CORP.
TNR and ILC are diversified metals exploration companies focused on exploring existing properties and identifying new prospective projects globally. TNR has a portfolio of 18 active projects, of which 9 will be included in the proposed spin-off of International Lithium Corp. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit http://www.internationallithium.com/.
The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the companies' commitments to generating projects, diversifying its markets, and building shareholder value.
On behalf of the board,
Gary Schellenberg, President
Cautionary Language and Forward-Looking Statements
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include metal prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Accordingly, readers should not place undue reliance on forward-looking statements.
In particular, there are no assurances that any transaction will result from the strategic review, or that if any transaction arises, that it will be completed. Nor are there any assurances that the Company will be successful in the current litigation with respect to the Project. This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.
CUSIP: #87260X 109
SEC 12g3-2(b): Exemption #82-4434
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release."