TNR Gold Investor Presentation


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  • Cross-section showing drill hole SR12-56 on 3D chargeability model. Note that higher grade mineralization at depth, is coincident with elevated chargeabilities. Due to topographic effects, the mineralization occurring 200m down hole is less than 100m below surface.
  • TNR Gold Investor Presentation

    1. 1. Investor PresentationMay 2013
    2. 2. Company Overview“Lead Project Generator”Mineral Exploration:• Precious Metals and Base Metals• Strategic Focus on Rare Metals and Rare Earth ElementsProven 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 Time65% Owned by Insiders and ManagementExperienced Management Team
    3. 3. Company Summary• TNR Gold is an Exploration Company of Precious, Base, and RareEarth Metals with a strategic Holding (25.5%) of a Lithium-RareMetals company (International Lithium)• Proven Business Model: “Lead Project Generator”Early Identification and Acquisition of Opportunities• Hybrid Joint Venture Business Plan: Selectively Advance ProjectsInternally + Employ JV Partnerships to Diversify Costs and Risk• 65% Percentage Owned by Insiders and Experienced ManagementTeam
    4. 4. Company Share StructureTrading Symbol: TNR : TSXIssued: 148 MillionFully Diluted: 167 MillionListing: TSX-VManagement and Insiders: 65%Institutional Holdings: 14%Transfer Agent: ComputerShare
    5. 5. Management and Directors• Gary Schellenberg, B.Sc. (Geol.), President, CEO• Jerry Bella, CGA, CFO• Roberto Lara, Managing Director (South America)• John Harrop, P.Geo, VP Exploration• Anthony Kovacs, COO• Dr. Frederick Breaks P.Geo, Special Adviser to Board• Gary Schellenberg, B.Sc. (Geol.) – Executive Chairman of Board• Kirill Klip, MBA – Non-Executive Chairman of Board• Greg Johnson B.Sc.– Director• Paul Chung, B.Sc. (Geol.), MBA - DirectorDirectorsManagement
    6. 6. Actively Sourcing Additional OpportunitiesProject LocationsVancouverShotgunIliamnaALASKAARGENTINALos AzulesGold Corp.LEGENDAuAu-CuOffice
    7. 7. Argentina Au – Cu ProjectsLos Azules
    8. 8. Los Azules – Regional Advantage• Los Azules is 6 km east of the Chilean-Argentine border.• The deposit is located on a copper porphyry belt host to some of the worlds largest copper minesincluding Codelcos El Teniente mine (worlds largest underground copper mine), AngloAmericans Los Bronces mine, Antofagastas Los Pelambres mine and Xstratas El Pachónproject. Source:
    9. 9. Los Azules - Location
    10. 10. Los Azules - Back-in Right RestoredHighlights of the settlement1. The settlement restores a 25% back-in right to TNR which is exercisable following the completion of afeasibility study*. The back-in right allows TNR to back-in for 25% of the northern part of the LosAzules property, which McEwen Mining has said contains the largest share of the known resource atLos Azules.2. TNR receives an industry standard Net Smelter Royalty of 0.6%. This Net Smelter Royalty is over thenorthern portion of the property and is triggered if TNR chooses to back in for 5% or less or is dilutedbelow 5%.3. TNR receives 1 million shares in McEwen Mining.4. TNR will transfer to McEwen Mining the mineral rights to Escorpio IV and this property will becomesubject to the back-in right as well* TNR will retain their Back-in Right for up to 25% of the equity in certain claims comprising the northern portions of LosAzules. The Back-in Right is exercisable after the completion of a bankable feasibility study. To exercise TNR must paytwo (2) times the expenses attributable to the back-in percentage (ie. paying 2 x 25% all of the costs attributable to theclaims comprising the northern portion of the property). Upon backing-in, TNR may elect to continue to participate in theproject or be diluted down to a 0.6% NSR on the same claims comprising the northern portion of the project.On November 12, 2012 a resolution was reached pertaining to the Los Azules property,until further details are released more information can be found in the latest pressrelease:
    11. 11. Los Azules – SettlementKirill Klip, Non-Executive Chairman of TNR Gold, stated, "I welcome the positiveresolution of the Los Azules litigation in the out of court settlement between TNRGold and McEwen Mining. I would like to personally thank Rob McEwen as thisresolution is a highly beneficial outcome for both our companies. Removing theuncertainty over the rights to Los Azules will allow the project to now achieve its fullpotential 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.” (TNRGold Press Release November 12, 2012)“This is a very positive development for McEwen Mining, TNR Gold and the Provinceof San Juan, Argentina. It allows us to accelerate and expand the magnitude of ourexploration effort. With this legal obstacle behind us, we are now embarking on thelargest drill program in the project’s history. We are excited by the potential ofgrowing the size of this world-class copper asset”, said Rob McEwen, Chief Owner(McEwen Mining Press Release November 12, 2012)Source: www.mcewenmining.comLos Azules Copper Property Lawsuit Against McEwen Mining Settled TNRs25% Right To Back-in At Feasibility Restored
    12. 12. Los Azules - Highlights• Los Azules is one of the worlds largest undeveloped copper deposits.• McEwen Mining began a 15,000 meter drill program starting in October 12, 2012• The property encompasses 50,933 acres and surrounds a large alteration zone thatcontains the resource which measures approximately 4 kilometers long by 1.5 kilometerswide.Source:
    13. 13. Los Azules – Deposit OutlineSource:
    14. 14. • 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 geophysicalsignatures similar to those at Pebble.**1. Shotgun (Au)Donlin Style intrusionassociated gold2. Iliamna (Cu-Au)Pebble Style copper-goldporphyryAlaska Projects*Novagold website**comparisons to other deposits or properties (Donlin and Pebble)is for information only and there is no assurance that TNR’s projectswill achieve the same resultsShotgunIliamna PebbleDonlinFort KnoxPogo
    15. 15. Shotgun Project, AlaskaInferred Resource Estimate *:Shotgun Resource Estimate - modelled at an ~ 0.3 to 0.5 g/t cut-off.* The Shotgun Ridge prospect contains an inferred mineral resource of 20,734,313 tonnes at 1.06 grams per tonne (“g/t”) for a total of 705,960ounces gold (“Au”) using a 0.5 g/t Au cut-off. The inferred mineral resource estimate was prepared by Allan Armitage, PhD., P.Geol., ofGeoVector Management Inc., a Qualified Person as defined by the Canadian Institute of Mining (CIM) Definition Standards for Mineral Resourcesand Mineral Reserves and the National Instrument 43-101 Standards of Disclosure for Mineral Projects.The Shotgun Zone mineral resource estimate, publicly reported on April 22, 2013, is based on 34 diamond drill holes (NQ) totalling 4,932.3metres, with 2,481 assays (0.2 up to 10 metres in length). Holes were drilled by several operators in five drill campaigns conducted between1984 and 2012. The 34 drill holes are spaced primarily 40 to 100 metres apart in an area of approximately 375 x 300 metres. The drill holestested mineralization to a vertical depth up to 150 metres.A resource model for the Shotgun Zone was constructed based on the distribution of the gold mineralization (> 0.3 to 0.5 g/t Au) and this modelwas used to constrain the composite values chosen for interpolation. A block model with block dimensions of 5 x 5 x 5 metres in the x, y and zdirections was placed over resource model solids with only that proportion of each block below the topographic/overburden surface and insidethe solid recorded.Grades for gold were interpolated into the blocks by the inverse distance squared (“ID2”) method using a minimum of 2 and maximum of 12composites to generate block grades in the Inferred resource category. The search ellipse used to interpolate grade into the blocks measured110 x 60 x 110 (Principle Az – 235 , Principle Dip - 25 , Intermediate Az.- 325 ). The size and orientation of the search ellipse approximates thestrike, dip and thickness of the resource model and takes into account the limited drilling and relatively wide spacing of the drilling.There are currently no known encumbrances with regards to legal, political, environmental or other risks that could materially affect thepotential development of the Shotgun Ridge prospect, and however, the EPA is conducting an environmental review of the Bristol Baywatershed in response to the proposed development of the Pebble Deposit, approximately 150 kilometres to the southeast of Shotgun Ridge.The mineral resources reported herein are classified as inferred mineral resources according the CIM Definition Standards for Mineral Resourcesand Mineral Reserves. No economic studies were undertaken on this mineral resource estimate and it should be noted that mineral resourcesare not mineral reserves and there is no guarantee that the current mineral resource at Shotgun Ridge will result in an economically viabledeposit.Au Cut-off Tonnes Grade (g/t) Ounces0.3 g/t 24,509,842 0.96 759,4420.5 g/t 20,734,313 1.06 705,9600.7 g/t 14,779,225 1.24 590,6001.0 g/t 9,101,458 1.49 437,365
    16. 16. Exploration History – Shotgun Ridge1998 mineralization is interpreted tohave a “cap” or inverted bowl shape2006 mineralization reinterpreted asstructurally controlled with deep feedersStructurally controlled “SouthwestDipping Mineralized Zones” identifiedIP and resistivity surveys highlight goldmineralized breccias (hornfelsedsediments and porphyritic intrusive)2012 drill program designed to testpredictability of mineralized zonesMineralization model confirmedCamp25km
    17. 17. Shotgun Ridge – 2012 Drilling Program27.4m of 2.3 g/t AuNE-ZoneMid-ZoneSW-Zone• 12-56 returns 242m of 1.25g/t Au over all three mineralized zones• 12-57 returns 209m of 1.02g/t Au over all three mineralized zones• 12-58 returns 46.55m of 1.14 g/t Au (hole ended prior to intersecting MID and NE-zones)22m of 2.86 g/t Au18.4m of 2.03 g/t Au
    18. 18. openShotgun Ridge – 2012 IP Surveys• 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 and near surface – relative chargeability lowNE ZoneSW Zoneopen??
    19. 19. Shotgun Ridge – Understanding TargetsGeneralized Geology at Shotgun Ridge3D IP level plan at 600m elevation1500mQtz-feldspar porphyryKuskokwim SedimentsTargets are defined bystructural interpretation and3D IP surveys• NE trending structures w/strike slip movement• Mineralization mostly in QFPbreccia zones, sub parallelto ridge topography• Structural repetitioninterpreted from geophysics• Opportunity to significantlyexpand resource• Mineralization open at depth??
    20. 20. Shotgun Project - OpportunityCamp Scale OpportunityShotgun Ridge is just one of multiplegold target areasGold mineralization identified at eachprospect: Shot, King, and WinchesterThis group of prospects forms a distinctgold district held 100% by TNRSurface geochemistry identifiesmultiple gold anomalies with no knownsourcePoor outcrop limited prospecting effortsin the pastIP surveys identify mineralized areas25km
    21. 21. Lithium &Rare MetalsSpin-outListedMay 24, 2011International Lithium Corp. (ILC:TSX.V)TNR Gold holds 25.5% Equity StakeTNR Identified and Acquired International Portfolio ofLithium Brines and Rare Metal PegmatitesSan JuanLEGENDLi - BrineLi - PegmatiteOfficeVancouverMavis LakeOntarioMarianaArgentinaBlackstairsIreland
    22. 22. Page 23International Lithium Corp. (ILC:TSX.V)TNR Gold holds 25.5% Equity Stake160 km2One of the MostProminent Salars In a WorldClass RegionMariana Lithium-PotashBrine , Argentina78 metre Pegmatite Intersection*1.86% Li2O over 26.25m,1.22% Li2O over 28.45m and1,924 ppm Rb2O% over 78mMavis Lake Rare Metals, Ont.High Grade Boulder Field Discovery: 4.59%,3.45% and 3.27% Li2O grab samplesIndicating buried pegmatite**Blackstairs Rare Metals, Ire.Boulder Distribution**News Release for International Lithium Corp. (TSX.V:ILC) dated January 31, 2012.Grab samples are by definition selective and are unlikely to represent average grades onthe property.* News Release for International Lithium Corp. (TSX.V:ILC) dated January 12, 2012.The true width of the pegmatite intersection has not been determined and no inferenceto that effect has been made.
    23. 23. JVPartnershipProjectSubmissionFinancingWe welcome your inquiriesInvestor Relations hub in TNRInterested inour projects?Send us yourprojects!Contact Us TodayInfo @ tnrgoldcorp.comAddress P.O. Box 11604, 620 - 650 West Georgia St.Vancouver, British Columbia, V6B 4N9, CanadaCaroline KlukowskiPhone: 604-687-7551Fax:
    24. 24. DisclaimerThe TSX Venture Exchange has not reviewed and does not accept responsibility forthe adequacy or accuracy of this presentation. Statements in this presentation otherthan purely historical information, historical estimates should not be reliedupon, including statements relating to the Company’s future plans and objectives orexpected results, are forward-looking statements. This presentation contains certain"Forward-Looking Statements" within the meaning of Section 21E of the UnitedStates Securities Exchange Act of 1934, as amended. Forward-looking statementsare based on numerous assumptions and are subject to all of the risks anduncertainties inherent in the Company’s business, including risks inherent inresource exploration and development. As a result, actual results might varymaterially from those described in this presentation. Readers should verify any & allclaims and do their due diligence before investing in any securities mentioned.Investing in securities is speculative and carries a high degree of risk.DisclosureJohn Harrop, PGeo, FGS, Vice President of Exploration of the Company is a "QualifiedPerson" as defined under NI 43-101 has reviewed and approved the technicalcontent of this document.