Saturday, March 16, 2013

TNR Gold Corp. Advises of McEwen Mining's Developments at Los Azules Copper Project TNR.v, MUX

Update April 7th, 2013.

Insiders continue to accumulate TNR Gold:

As of 11:59pm ET April 6th, 2013
Filing
Date
Transaction
Date
Insider NameOwnership
Type
SecuritiesNature of transaction# or value acquired or disposed ofPrice
Apr 5/13Apr 4/13Listov, AlexanderDirect OwnershipCommon Shares10 - Acquisition in the public market60,000$0.070
Apr 5/13Apr 3/13Listov, AlexanderDirect OwnershipCommon Shares10 - Acquisition in the public market33,000$0.070
Mar 22/13Mar 21/13Listov, AlexanderDirect OwnershipCommon Shares10 - Acquisition in the public market192,000$0.070
Mar 22/13Mar 20/13Listov, AlexanderDirect OwnershipCommon Shares10 - Acquisition in the public market23,000$0.070
Mar 22/13Mar 19/13Listov, AlexanderDirect OwnershipCommon Shares10 - Acquisition in the public market15,000$0.070
Mar 20/13Mar 15/13Listov, AlexanderDirect OwnershipCommon Shares 10 - Acquisition in the public market20,000$0.070



  McEwen Mining has produced very encouraging results from the new metallurgical testing from Los Azules Copper project. According to McEwen Mining, economics of the project will be improved now in the number of areas and, particularly, heap leaching will allow to process the very substantial additional low grade material from this potentialy one of the largest in the world Copper mines in the development. New PEA is under way now and this project only promises to get better with every new announced drill hole.



Catalyst: TNR Gold - McEwen Mining poised for production increase MUX, TNR.v





"Shorts are not feeling comfortable with McEwen Mining any more. Stock is forming the Double Bottom Reversal on the technical side and fundamentals should support this development further now. At the end of February the total short position was reported at the magnitude of 29 million shares, it will be the fuel to clear the 3 dollar level now. As you know, we are particularly interested in Los Azulesand TNR Gold's Back-In Right into that World Class Copper project. It will be the next Catalyst for both companies. At the moment market is pricing Los Azules at almost zero for both companies. Any positive developments over there will ignite the short covering rally in McEwen Mining and will reposition TNR Gold valuation in the market place as well.

  Things we are looking forward to: San Juan province glacier audit to be finished on Los Azules after Barrick's Pascua Lama has received green light and moved ahead. New drill results from the Northern Part of Los Azules, where TNR gold has its Back-In Right and new metallurgy tests working on the heap leaching of the lower grade Copper at Los Azules, which could increase the total amount of the recoverable copper and improve even more the economics of this project.
  Any new developments with the prospective buyers for Los Azules will change all the picture overnight. BMO is marketing the project now and we are expecting the research analysts to put their valuations on the Los Azules very soon as well. TNR Gold's Back-In Right independent research valuation could be out next. In the latest PDAC 2013 McEwen Mining presentation on the link below Los Azules Copper project is presented in its full glory and definitely deserves your attention, among other assets of McEwen Mining and TNR Gold."



TNR Gold Corp. Advises of McEwen Mining's Developments at Los Azules Copper Project





Vancouver, British Columbia -- Mar 14, 2013 -- TNR Gold Corp. ("TNR", "TNR Gold" or the "Company")advises that McEwen Mining Inc. (NYSE:MUX, TSX:MUX) ("McEwen Mining") has issued a news release dated 13 March, 2013 in relation to the Los Azules Copper Project in San Juan Province, Argentina. TNR holds a 25% back-in right, exercisable upon the completion of a feasibility study, on the northern part of the Los Azules property.


The news release issued by McEwen Mining summarizes recent results of metallurgical tests and the potential for these alternative process methods to have a positive impact on the economics of the project. It is available at http://www.mcewenmining.com and on SEDAR at http://www.sedar.com. TNR encourages its shareholders to read the press release issued by McEwen Mining to gain a better understanding of the work performed and the potential impacts this will have on the project. McEwen Mining's press release appears to be prepared by a qualified person and the procedures, methodology and key assumptions disclosed therein are those adopted and consistently applied in the mining industry, but no Qualified Person engaged by TNR Gold Corp. has done sufficient work to analyze, interpret, classify or verify McEwen Mining's information to determine the current mineral reserve or resource or other information referred to in the press release. Accordingly, the reader is cautioned in placing any reliance on the disclosures therein.

In their news release, McEwen Mining announced positive results from metallurgical studies that focused on:
  1. Flotation optimization.
  2. Pressure oxidation on flotation concentrate, and
  3. Testing of low grade material for suitability in a heap leach.

In addition, McEwen Mining announced they have begun work on an updated Preliminary Economic Assessment, which they expect to complete in the third quarter of this year.

Kirill Klip, Non-Executive Chairman of TNR, stated, "Having read the news release issued by McEwen Mining I am particularly pleased with how the reported results reflect efforts being made to improve the economic outlook of the Los Azules project. In time we will see the true value of this remarkable asset revealed and I look forward to that day coming soon."

John Harrop, PGeo, FGS, is a "Qualified Person" as defined under NI 43-101 and has reviewed and approved the technical content of this news release.


About Los Azules 

The Los Azules copper project is located in San Juan, Argentina. It is one of the largest undeveloped copper projects in the world. The Los Azules porphyry system occurs within a belt of porphyry copper deposits known as the Andean Porphyry Belt that straddles the Chilean/Argentine border and contains some of the world's largest copper deposits.

TNR Gold retains a "back-in" right on the Los Azules project, currently 100% owned by McEwen Mining. The back-in right is for up to 25% of the equity in certain claims comprising the northern portions of Los Azules.  The right is exercisable upon the completion of a feasibility study. TNR must pay two (2) times the expenses attributable to the back in percentage (ie. Paying 2 x 25% all of the costs attributable to the claims comprising the northern portion of the property). If the Company elects to back-in for 5% or less or has its interest diluted to 5% or less, TNR will receive a net smelter royalty of 0.6%.

TNR Gold's back-in right applies to those properties subject to an Exploration and Option Agreement originally signed by Solitario Argentina S.A. (a subsidiary of TNR Gold) and M.I.M. Argentina Exploraciones S.A. on May 15, 2004 (as amended) (the "Property").



Over the past twenty-one years TNR, through its lead generator business model, has been successful in generating high quality exploration projects around the globe. With the Company's expertise, resources and industry network, it is well positioned to aggressively identify, source, explore, partner and continue to expand its project portfolio.

TNR's recently listed subsidiary, International Lithium Corp. (TSX:ILC.V), demonstrated the successful application of TNR's business model in which TNR shareholders benefited from a unit distribution upon spin-out of TNR's lithium and rare metals projects. TNR remains a large shareholder in ILC at 25.5% of outstanding shares.

At its core, TNR provides significant exposure to gold and copper through its holdings in Alaska and Argentina; and teamed with the recent acquisitions of rare-earth elements and iron ore projects in Canada confirm TNR's commitment to continued generation of in-demand projects, while diversifying its markets and building shareholder value.


On behalf of the board,

Gary Schellenberg
President




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Lomiko Metals gains after test results confirm 100% carbon purity at graphite property LMR.v

  Now Lomiko Metals has the goods to deliver for its Graphite and Graphene Investors. Strategic Investor with the deep pocket to develop the property will be ideally the next step to reposition this company to the different valuation league. Results from the property speak for themselves this time and market takes notice.



Lomiko Signs a Transformational Graphite Deal with Graphene Labs LMR.v

We have another article on Graphite, Graphene and Lomiko Metals to share today. We are pleased to find that our own conclusions are supported by the industry experts' observations.




Lomiko Characterization Results Show Good Crystalinne Flake Graphite Distribution With 100% Carbon Purity Confirmed in Multiple Samples





ProactiveInvestors:

Lomiko Metals gains after test results confirm 100% carbon purity at graphite property


Fri 2:02 pm by Deborah Bacal
Graphite characterization testing was based on composites of seven graphite drill samples from the property, with more than 85 percent of test results higher than the 94 percent carbon purity considered 'high carbon content' the company said, with the median test result being 98.35 percent. Graphite characterization testing was based on composites of seven graphite drill samples from the property, with more than 85 percent of test results higher than the 94 percent carbon purity considered "high carbon content" the company said, with the median test result being 98.35 percent.
Lomiko Metals (CVE:LMR) shares rose on Friday after the company reported tests showed "good crystalinne flake distribution" of graphite on samples from its Quatre Milles East property in Quebec, with 100 percent carbon purity confirmed in "multiple" samples. 
Graphite characterization testing was based on composites of seven graphite drill samples from the property, with more than 85 percent of test results higher than the 94 percent carbon purity considered "high carbon content" the company said, with the median test result being 98.35 percent. 
The highlight was the nine sieve samples that captured flakes of varying sizes, which tested 100 percent carbon, Lomiko told investors in a statement Friday. 
Lomiko added it will be forwarding samples for graphite to graphene conversion testing to partner Graphene Labs as soon as possible.
"Graphite characterization test results indicate Quatre Milles graphite material has significant potential as a near surface, open pit mining project aimed at fulfilling industrial graphite demand in the future," said CEO of Lomiko, A. Paul Gill. 
"More importantly, it is an excellent candidate for graphite to graphene conversion testing under our previously announced Strategic Alliance with Graphene Labs."
Full metallurgical studies are warranted, the company said, once a resource on the property is completed. 
The Quatre Milles East property is road accessible and is located around 175 km northwest of Montreal and 17 km due north of the village of Sainte-Veronique, Quebec. The property consists of 28 contiguous claims totaling around 1,600 hectares.
Southwestern Quebec is host to some of the most favourable geological terrain for graphite exploration in Canada and is known to host graphite resources, including the nearby Lac Des Iles Mine.
Graphite applications include lithium-ion batteries, fuel cells, and nuclear and solar power that have the potential to create significant incremental demand growth."

High-growth, high-value graphite applications require large-flake and high-purity graphite, which is the prime development target at Quatre Milles East.
The composites used for the testing announced today provided "a non-representative yet wide-ranging sample of the property's graphite distribution by mesh size, industry classification and carbon purity", the company said in the statement. 
Shares of Lomiko rose more than 27 percent Friday, or 1.5 cents, to 7 cents. 


Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advice on this blog and there is no solicitation to buy or sell any particular company.