TNR Gold Shotgun Gold Project - Alaska
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TNR Gold Shotgun Gold Project - Alaska

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TNR Gold Corp. (TSX-V: TNR) is a mineral exploration company actively pursuing a portfolio of gold, copper, and Rare Earth Element (REE) containing properties worldwide. Our primary focus is in ...

TNR Gold Corp. (TSX-V: TNR) is a mineral exploration company actively pursuing a portfolio of gold, copper, and Rare Earth Element (REE) containing properties worldwide. Our primary focus is in exploration and development of our key ventures which are the Shotgun gold project in Alaska, TNR iron ore and REE projects in Soules Bay, Canada and our ongoing project generator in Argentina. The Argentine Los Azules project is held under the wholly-owned subsidiary Solitario Argentina S. A. ("Solitario"), we are currently moving forward with the litigation over some of the claims on the property while we continue to explore and identifying new quality prospective ventures globally.

TNR's strategy is to strengthen its assets through partnerships with mid-tier and major companies, and establish long-term cash flow through royalty interests and project development.

TNR currently holds a 100% interest in this property which is located 175 km south of Donlin Creek within the Kuskokwim Gold Belt in Southwestern Alaska. This area is emerging as a world-class gold district hosting more than 40 million ounces of aggregated gold resources. The Shotgun property includes a number of prospects, including Shotgun Ridge and nearby Winchester.

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TNR Gold Shotgun Gold Project - Alaska TNR Gold Shotgun Gold Project - Alaska Presentation Transcript

  • Shotgun Gold Project – AlaskaOctober, 5 2012
  • Company Overview“Lead Project Generator”• Mineral Exploration: – Precious Metals and Base Metals – Strategic Focus on Rare Metals and Rare Earth Elements• Proven Business Model: – Early Identification and Acquisition of Mineral Prospects – Selectively Advance Projects Internally – Employ JV Partnerships to Diversify Costs and Risk – Maximum Value Achieved Over Minimum Period of Time• 65% Owned by Insiders and Management• Experienced Management Team
  • Corporate Structure Minera Solitario Argentina Generating Unlocking Projects Cu-Au Quality Value International Lithium Corp. (ILC:TSX.V) Asset Base Li + Rare Metals (25.5% Equity owner) ILC Spinoff TNR GOLD CORP. TNR.TSXV Successfully Listed Amerigold Corp. May 24, 2011 Alaskan Projects Au TNR shareholders Multi-Commodity received 1 unit for Multi-Jurisdiction every 4 shares of Exposure TNR Rare Earth Canada TNR held REE TNR Iron Ore Canada Soules Bay Iron Project Fe
  • Project Locations ALASKA Shotgun Iliamna Big Beaverhouse Soules Bay Vancouver Seabrook Lake LEGEND Northern Project La Ortiguita Au ARGENTINA Los Azules REE San Jaun Au-Cu Fe Office Gold Corp. 14 Projects Worldwide (not all projects shown on map) Geographical and Commodity Diversity Actively Sourcing Additional Opportunities
  • Alaska Projects 1. Shotgun (Au) Fort Knox Donlin Style intrusion associated gold Pogo Donlin 2. Iliamna (Cu-Au) Pebble Style copper-gold Shotgun porphyry Pebble Iliamna• Shotgun has the potential to be a major gold deposit like Donlin.• Donlin, owned by Barrick and NovaGold, has M&I resources of 39 million ounces gold*.• Iliamna is an unexposed copper-gold porphyry target with geochemical and geophysical signatures similar to those at Pebble. * Novagold website
  • Shotgun Project, Alaska TNR Gold acquired 100% of the Shotgun project from NovaGold in 2010 Historic Resource (Predates NI43-101*): 980,000 oz Au grading 0.93 g/t Au at a 0.5 g/t cut-off* Calculated in 1998 by NovaGold Resources Total Exploration Expenditures Accrued to Date: $8 Million Recently Completed Exploration/Drilling Program $1.7 Million* A qualified person has not done sufficient work to classify the historical estimate as currentmineral resources, the issuer is not treating the historical estimate as current mineral resourcesand the historical estimate should not be relied upon. This resource estimate is quoted from theTechnical Report on the Shotgun-Winchester Project, SW Alaska. 7 March 2008 and is availableon Sedar, www.sedar.com.
  • Shotgun Project, Alaska TNR’s goal is to define a multi-million oz bulk mineable gold deposit like at Fort Knox Historic Resource (Predates NI43-101*): 980,000 oz Au grading 0.93 g/t Au at a 0.5 g/t cut-off* http://www.kinross.com/operations/oper Calculated in 1998 by NovaGold Resources ation-fort-knox-alaska-usa.aspx For comparison, Kinross reports the following reserves and resources for Fort Knox (from Kinross website): Tonnes Grade Ounces Gold ( X 1,000) (g/t) ( X 1,000) Proven and Probable Reserves 314,669 0.43 4,303 Measured and Indicated Resources(a) 112,098 0.40 1,426* A qualified person has not done sufficient work to classify the historical estimate as currentmineral resources, the issuer is not treating the historical estimate as current mineral resourcesand the historical estimate should not be relied upon. This resource estimate is quoted from theTechnical Report on the Shotgun-Winchester Project, SW Alaska. 7 March 2008 and is availableon Sedar, www.sedar.com.
  • Shotgun Project, Alaska • 4 mineralized target areas • 96 mineral claims (3,658 ha) • Elevation: 200 – 850mExploration Drilling History 25 kmPROSPECT COMPANY YEAR DRILLING Camp (m)Shotgun Ridge Cominco 1984,88 226 NovaGold 1998 3,107 TNR Gold 2006 762 2012 814Shot TNR Gold 2005 301King TNR Gold 2005 145Winchester TNR Gold 2005 535 2006 1,118 7,008
  • Shotgun Project, AlaskaGeology• Predominantly underlain by Cretaceous sediments of the Kuskokwim Group 25 km• Granite to syenite intrusive bodies intruded the Kuskokwim Group• Some of these intrusions appear to be directly related to gold mineralization• north-south oriented string of gold prospectsRidges that are resistant to weatheringare indicative of alteration centers andare the Prime Exploration Targets
  • Shotgun Ridge – 2006 Drill Program 06-43 @ 102m 27.4m of 2.3 g/t Au• TNR’s drill hole 2006-43 returns 210m of 1.29g/t Au, including 27.4m of 2.3 g/t Au• Drilling reveals a model of “Southwest dipping mineralized zones”• New potential to significantly expand mineralization at depth
  • 2011: 3D IP/Resistivity Survey 3D Modelled Resistivity 50m below surface 06-43 @ 102m 100m 27.4m of 2.3 g/t Au• In 2011, TNR conducted a 3D IP and Resistivity survey over the Shotgun Ridge prospect• Results were able to map structural controls on mineralization in 3D, through the ridge• These interpretations provided a basis for 2012 drill targeting
  • Shotgun Ridge –2012 Drilling on 3D IP• Location of 2012 drill holes relative to DDH 06-43• Drill holes plotted in sliced section through semitransparent 3D IP voxel 50m 40m 100m 12-56 06-43 12-57 12-58 OPEN • 2012 drilling designed to test and confirm structural model of mineralization along strike and at depth – mineralization remains open at depth • Resistivity and chargeability jointly correlate with gold mineralization
  • Shotgun Ridge – 2012 Drilling Program NE-Zone Mid-Zone SW-Zone 22m of 2.86 g/t Au 27.4m of 2.3 g/t Au• DDH 12-56 drilled 50m northwest of 06-43• 12-56 returns 242m of 1.25g/t Au, including 22.1m of 2.86 g/t Au• Grade continuity is confirmed between two previous fences
  • Shotgun Ridge – 2012 Drilling Program NE-Zone Mid-Zone SW-Zone 22m of 2.86 g/t Au 27.4m of 2.3 g/t Au 18.4m of 2.03 g/t Au• DDH 12-57 and 12-58 drilled 40m south-southwest of 06-43• 12-57 returns 209m of 1.02g/t Au over all three zones (SW+Mid+NE)• 12-58 returns 46.55m of 1.14 g/t Au over the SW zone
  • Shotgun Ridge – 2012 IP Surveys 100m• Mineralization in 12-56 shows good correlation with chargeability• Higher gold grades encountered in Quartz-Feldspar-Porphyry (QFP)• Mineralization is shallow and open at depth (ie topographic effect)
  • Shotgun Ridge – 2012 IP Surveys SW Zone ? NE Zone• Mineralization in 12-57 shows NE Zone continuing down-dip in structure defined by IP• 12-58 shows elevated gold grades encountered down-dip in SW Zone• Mineralization is open at depth – relative chargeability low shows much more potential
  • Shotgun Ridge – Expanded Target Area 3D IP/Resistivity surveys Kuskokwim Sediments expand the target area at Shotgun Ridge • Zone of mineralization and historic resource estimate (0.98 Moz @ 0.93g/t) (Historical resource predates NI 43-101) • Mineralization mostly in Qtz- Qtz-feldspar porphyry feldspar porphyry (QFP) 1500m Generalized Geology at Shotgun Ridge
  • Shotgun Ridge – Expanded Target Area 3D IP/Resistivity surveys Kuskokwim Sediments expand the target area at Shotgun Ridge • Zone of mineralization and historic resource estimate • Mineralization mostly in Qtz- feldspar porphyry (QFP) Qtz-feldspar porphyry • 3D IP shows higher chargeabilities in QFP • Elevated chargeabilities 1500m connected at depth Generalized Geology at Shotgun Ridge • Significant potential to add to gold resource 3D IP level plan at 600m elevation
  • Shotgun Ridge – Understanding Targets Targets are defined by Kuskokwim Sediments structural interpretation and ? 3D IP surveys • NE trending structures w/ strike slip movement • Mineralization mostly in QFP breccia zones, sub parallel to ridge topography Qtz-feldspar porphyry ? • Structural repetition interpreted from geophysics 1500m • Opportunity to significantly expand resource Generalized Geology at Shotgun Ridge • Mineralization open at depth 3D IP level plan at 600m elevation
  • Shotgun Ridge – Understanding Targets Targets are defined by Kuskokwim Sediments structural interpretation and ? 3D IP surveys • NE trending structures w/ strike slip movement • Mineralization mostly in QFP breccia zones, sub parallel to ridge topography Qtz-feldspar porphyry ? • Structural repetition interpreted from geophysics 1500m • Opportunity to significantly expand resource Generalized Geology at Shotgun Ridge • Mineralization open at depth Regional Magnetic Image
  • Shotgun Project, AlaskaCamp Scale Opportunity• Shotgun Ridge is just one of multiple gold target areas 25 km• Gold mineralization identified at each prospect: Shot, King, and Winchester• This group of prospects forms a distinct gold district held 100% by TNR• Surface geochemistry identifies multiple gold anomalies with no known source• Poor outcrop limited prospecting efforts in the past• IP surveys identify mineralized areas
  • SummaryDiscovery and Early Exploration• 1998 mineralization is interpreted to have a “cap” or inverted bowl shape• 2006 mineralization reinterpreted as structurally controlled with deep feeders• Structurally controlled “Southwest Dipping Mineralized Zones” identified• IP and resistivity surveys highlight gold mineralized breccias (hornfelsed sediments and porphyritic intrusive)• 2012 drill program designed to test predictability of mineralized zones• Mineralization model confirmedWay Forward – Advanced Exploration and Resource Definition1. Acquire strategic partner to jointly advance project2. Ensure stakeholders are informed on project developments, and maintain best practises for community relations and involvement3. Design significant drill program to define full resource potential (multi-million oz)4. Explore potential of other target areas (Shot, King, and Winchester)
  • Contact Information Address Caroline Klukowski P.O. Box 11604 Manager, Corporate Communications 620 - 650 West Georgia St. Vancouver, British Columbia V6B 4N9, Canada E-mail: ck@tnrgoldcorp.com Phone: (604) 687-7551 Gary Schellenberg Fax: (604) 687-4670 President Toll Free: 1-800-667-4470 E-mail: info@tnrgoldcorp.com E-mail: cmggary@gmail.com
  • DisclaimerThe TSX Venture Exchange has not reviewed and does not acceptresponsibility for the adequacy or accuracy of this presentation. Statements inthis presentation other than purely historical information, historical estimatesshould not be relied upon, including statements relating to the Company’sfuture plans and objectives or expected results, are forward-lookingstatements. This presentation contains certain "Forward-Looking Statements"within the meaning of Section 21E of the United States Securities Exchange Actof 1934, as amended. Forward-looking statements are based on numerousassumptions and are subject to all of the risks and uncertainties inherent inthe Company’s business, including risks inherent in resource exploration anddevelopment. As a result, actual results might vary materially from thosedescribed in this presentation. Readers should verify any & all claims and dotheir due diligence before investing in any securities mentioned. Investing insecurities is speculative and carries a high degree of risk.* A qualified person has not done sufficient work to classify the historicalestimate as current mineral resources, the issuer is not treating the historicalestimate as current mineral resources and the historical estimate should notbe relied upon. This resource estimate herein is quoted from the TechnicalReport on the Shotgun-Winchester Project, SW Alaska, 7 March 2008 and isavailable on Sedar, www.sedar.com.