Vancouver, British Columbia--(Newsfile Corp. - November 30, 2017) - TNR Gold Corp. (TSXV: TNR) ("TNR" or the "Company") advises that the governments of Chile and Argentina have signed a protocol to facilitate the development of the Los Azules Copper project located in San Juan, Argentina. McEwen Mining Inc. ("McEwen Mining") owns 100% of the project and TNR holds a 0.36% royalty on the net smelter return ("NSR") of the entire Los Azules project.
The two countries signed a bilateral mining integration agreement in 1999. The purpose of this new protocol is to facilitate project-related activities in the border zone between San Juan province in Argentina and Limari province in Chile.
"The support and cooperation being exhibited by Chile and Argentina for potential mine development at Los Azules comes as very good news to us and signifies another important step in the development of one of the largest copper porphyry projects in the world," commented Kirill Klip, Executive Chairman of TNR.
Please refer to the recent Company news release issued on November 2, 2017; "McEwen Mining Files Preliminary Economic Assessment for Los Azules Project, Estimates Life of Mine Undiscounted NSR of $35 billion," for an update on TNR's royalty holding on the Los Azules project.
ABOUT TNR GOLD CORP.
TNR Gold Corp. is working to become an energy metals royalty company. Over the past twenty-two 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 identified the potential of the Los Azules copper project in Argentina and now holds a 0.36% NSR royalty on the prospect.
TNR is also a major shareholder of International Lithium Corp. ("ILC"), with current holdings of approximately 11% of the outstanding shares of ILC. ILC holds interests in lithium projects in Argentina, Ireland and Canada.
TNR retains a 1.8% NSR royalty on the Mariana Lithium property in Argentina. ILC maintains a right to repurchase 1.0% of the NSR royalty on the Mariana Lithium property of which 0.9% relates to the Company's NSR interest. The Company would receive $900,000 on execution of the repurchase. The project is currently being advanced in a joint venture between ILC and Ganfeng Lithium International Co. Ltd.
At its core, TNR provides significant exposure to gold, copper and lithium through its holdings in Alaska (the Shotgun gold porphyry project) and Argentina, and is committed to continued generation of in-demand projects, while diversifying its markets and building shareholder value.
