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TNR Gold Corp. Advises of McEwen Mining's Increased Resource Estimate for Los Azules Copper Project TNR.v, MUX
"Los Azules is a large undeveloped copper porphyry system located in western
San Juan Provincewithin a belt of porphyry copper deposits that straddles the Chilean/Argentine border. This belt contains some of the world's largest copper deposits, including Codelco's El Teniente and Andinamines, Anglo American's Los Bronces mine, Antofagasta PLC's Los Pelambres mine and Xstrata'sEl Pachón project, among others. Los Azules is one of the world's largest, highest grade, undeveloped copper-porphyry deposits not owned by a major base metals company."
PI Financial Corp. Engaged as Financial Advisor for Sale of TNR Gold's Back-in Right to the Los Azules Copper Project, Argentina TNR.v, MUX
TNR Gold Corp. Summarizes Settlement of Lawsuit With McEwen Mining regarding Los Azules Copper Property With Questions & Answers TNR.v, MUX.
"TNR Gold's primary focus will be the development of Shotgun Gold deposit in Alaska. All other assets will be advanced based on J/V models or converted into the stakes in the companies developing them and/or royalties attributed to them. Good examples of this strategy implemented would be the spinoff company International Lithium Corp. and the retention of royalties from projects it has generated."
Kirill Klip, Non-Executive Chairman of TNR Gold, stated, "I welcome the positive resolution of the Los Azules litigation in the out of court settlement between TNR Gold and McEwen Mining. I would like personally to thank Rob McEwen as this resolution is a highly beneficial outcome for both our companies. Removing the uncertainty over the rights to Los Azules will allow the project to now achieve its full potential for the benefit of the shareholders of both TNR Gold and McEwen Mining, and I consider our stake in McEwen Mining as a strategic holding for TNR Gold."
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