TNR Gold Corp. (TSX VENTURE:TNR) ("TNR" or the "Company") is
pleased to announce the Company has completed preliminary work at
the Seabrook Niobium and Rare Earth Elements ("REE") Property (the
"Property") in northern Ontario.
Key Highlights:
-- Preliminary analyses confirms significant historical REE grades;
-- 45% of samples report greater than 0.20% TREO;
-- Cerium, Neodymium, Lanthanum and Niobium oxide grades range up to:
3,233 ppm Ce2O3, 1,779 ppm Nd2O3, 1,163 ppm La2O3, and 1,903 ppm Nb2O5;
and
-- Preliminary soil orientation survey completed, awaiting results.
"We are encouraged by the rare-earth element levels and the
corroboration of historical results reported from this initial
sampling program," states Gary Schellenberg, President and CEO of
the Company. "This was the first step in a fully warranted
comprehensive evaluation of the multi-commodity potential of the
Property."
Seabrook Niobium - Rare-Earth Elements Project Update
Results from 22 geochemical and mineralogical characterization
samples (grab samples(i)) are consistent with historical work by
exploration companies and published work by Ontario government
geologists. The following table summarizes samples containing
greater than 0.20% Total Rare-Earth Oxides + Yttrium
("TREO+Y").
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Sample ID TREO% CeO2 ppm Nd2O3ppm La2O3 ppm Nb2O5 ppm
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16205 0.71 3233 1779 1163 594
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16204 0.48 2026 1065 842 1903
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16206 0.42 1851 799 903 302
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16222 0.31 1242 549 634 436
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16207 0.28 1283 702 365 144
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16203 0.28 1236 500 585 388
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16211 0.27 1277 552 568 346
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16216 0.25 1032 545 486 104
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16209 0.24 1113 367 620 396
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16208 0.24 1089 321 677 714
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The Seabrook Carbonatite Complex hosts Niobium and Rare-Earth
Element mineralization with Light Rare-Earth Elements (LREEs)
dominating. LREEs account for 94% of TREO+Y in samples with greater
than or equal to0.20% TREO+Y. Three LREEs account for approximately
84% of TREO+Y in samples with greater than or equal to0.20% TREO+Y.
These are Cerium (approx. 44%), Neodymium (approx. 20%) and
Lanthanum (approx. 20%).
This initial survey of the property was conducted under the
supervision of Dr. Frederick Breaks, P. Geo., and the Company's
special advisor on Rare - Earth Element ("REE") exploration.
Further mineralogical work is underway. Subsequent to the
identification of historical workings in the hematite alteration
zone an orientation soil survey was conducted in this area. Results
of the soil survey are pending.
(i) Note: grab samples are by definition selective and are
unlikely to represent average grades on the property.
About the Seabrook Project
The Seabrook Project is located 100 kilometres northeast of
Sault Ste. Marie in northern Ontario, covers 512 hectares and is
accessible year round. The property encloses the Seabrook
Carbonatite Complex which forms the area of prospective geology.
Access to the property is by major paved highways with the final 10
kilometres on unpaved forest service road. Electrical transmission
lines cross the southwest corner of the property.
The Seabrook Carbonatite is approximately 1.5 x 2.5 kilometres
in area and elongated along a north-south trend forming a tadpole
shaped complex consisting of sovite and silicocarbonatite in the
bulbous northern portion and ijolite in the tail to the south. The
entire complex is enveloped by a well developed aureole of
fenitized granitic rocks.
Limited historical exploration of the Seabrook Carbonatite has
indicated significant REE potential. In 1955, W. Bussineau reported
4 grab samples(i) grading 0.6, 1.5, 4.7 and 10.3% Nb2O5. In 1971,
Canpac Minerals Ltd. and Gunnex Ltd. reported grab samples grading
up to 0.90% Nb and outlined 3 areas of high Nb values that were
never followed up by drilling. In 1977, as part of a geological
survey of the Chapleau area for the Ontario Division of Mines,
Thurston et al published data on a sample from a hematite-rich
carbonate rock estimated to cover a 90m by 90m area and grading
0.47% Ce2O3 and 0.22% La2O3 where only those two Rare-Earth
Elements (Ce and La) were analyzed.
Mr. John Harrop is the Company's qualified person on the
Seabrook Project and as required under NI 43-101 and has reviewed
the technical information contained in this press release.
Terminology used in this News Release
REE (Rare-Earth Element): any of Lanthanum (La), Cerium (Ce),
Praesodymium (Pr), Neodymium (Nd), Samarium (Sm), Europium (Eu),
Gadolinium (Gd), Terbium (Tb), Dysprosium (Dy), Holmium (Ho),
Erbium (Er), Thulium (Tm), Ytterbium (Yb) and Lutetium (Lu) which
form the Lanthanide series. Yttrium (Y) is also included as a
REE.
TREO (Total Rare-Earth Oxides): The chemical component each REE
is often given as an oxide rather than simple element. The combined
total of La2O3, CeO2, Pr2O3, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb2O3,
Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3 and Lu2O3 is given as an
aggregate grade summary. TREO+Y indicates Y2O3has been included in
the aggregate.
LREE (Light Rare-Earth Element): Elements Lanthanum to
Europium
HREE (Heavy Rare-Earth Element): Elements Gadolinium to Lutetium
and Yttrium.
RM (Rare Metal): A number of metallic elements not included in
other groups such as REE, precious metals, base metals, etc.
Although Rare Metals are not as rigorously defined as other groups
and have quite different chemistry, they generally include Li, Be,
Rb, Cs, Zr, Nb, Hf and Ta. Other elements are sometimes
included.
ABOUT TNR GOLD CORP.
TNR is a diversified international mineral exploration company
focusing on the advancement of existing properties and identifying
and acquiring new prospective projects. TNR has a portfolio of 18
active projects, of which 9 rare metals projects, including
Mariana, is now held by TNR's now-listed subsidiary, ILC. TNR
remains a large shareholder in ILC at 28% of outstanding
shares.
The recent acquisition of lithium, other rare metals and
rare-earth elements projects in Argentina, Canada, USA and Ireland
confirms the TNR and ILC's commitments to generating projects,
diversifying its markets, and building shareholder value.
On behalf of the board,
Gary Schellenberg, President
Statements in this press release other than purely historical
information, historical estimates should not be relied upon,
including statements relating to the Company's future plans and
objectives or expected results, are forward-looking statements.
News release contains certain "Forward-Looking Statements" within
the meaning of Section 21E of the United States Securities Exchange
Act of 1934, as amended. Forward-looking statements are based on
numerous assumptions and are subject to all of the risks and
uncertainties inherent in the Company's business, including risks
inherent in resource exploration and development. As a result,
actual results may vary materially from those described in the
forward-looking statements.
CUSIP: #87260X 109
SEC 12g3-2(b): Exemption #82-4434
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: TNR Gold Corp. Gary Schellenberg President (604)
687-7551 or 1-800-667-4470 (604) 687-4670
(FAX)info@tnrgoldcorp.comwww.tnrgoldcorp.com
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