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Message: TNR Gold begins exploration - Canadian Lithium / Rare Metals Projects

TNR Gold begins exploration - Canadian Lithium / Rare Metals Projects

posted on Jul 27, 2009 07:55PM

TNR Gold begins exploration at Niemi, Forgan, Mavis

2009-07-27 11:29 ET - News Release

Mr. Gary Schellenberg reports

TNR GOLD CORP. COMMENCES WORK ON CANADIAN LITHIUM & RARE METAL PROPERTIES

Exploration work has commenced on TNR Gold Corp.'s 100-per-cent-owned lithium and rare metals properties, Niemi Lake, Forgan Lake and Mavis Lake, all of which are located in Ontario, Canada.

The exploration program will focus on sampling of the known pegmatite occurrences, and obtaining historic grade confirmation of both lithium and other rare metals.

The exploration program is being directed by Dr. Fred Breaks, a special adviser to the TNR board. Dr. Breaks is a PhD and professional geoscientist, who is well known as a lithium and rare metals expert in Canada. A proven explorer, he discovered two significant lithium-rich deposits: Avalon Venture Ltd.'s Big Whopper pegmatite near Kenora, Ont.; and Houston Lake Mining Inc.'s Pakeagama Lake pegmatite in the North Spirit Lake area of Northwestern Ontario. His ability to create exploration models of lithium-rich, pegmatite deposits was developed during his career at Ontario Geological Survey, where he authored and co-authored over 120 peer-reviewed scientific papers.

About Forgan Lake and Niemi Lake

The Forgan Lake and Niemi Lake projects are located east of Forgan Lake within the Thunder Bay district of Ontario. Forgan Lake has four previously explored spodumene-bearing pegmatites yielding positive results, such as 4.23 per cent Li2O over 7.5 metres and and two samples 68.6 m farther southwest averaging 1.98 per cent Li2O over 7.6 m.

Furthermore, all identified pegmatites have not been fully delineated at Forgan Lake and, thus, the extent of the deposits remains open. All identified historic work preformed by Lun-Echo Gold Mines Ltd. analyzed drill core exclusively for Li2O.

Historic drilling on the Niemi project, also undertaken by Lun-Echo Gold Mines Ltd., returned values of 4.72 m of 1.02 per cent Li2O and 1.52 m of 2.0 per cent Li2O.

About Mavis Lake

The Mavis Lake project covers the eastern extent of the Mavis Lake pegmatite group, encompassing nine identified rare-element-bearing pegmatites within a 512-hectare claim block. Located only 15 kilometres northeast from Dryden, Ont., Mavis is workable year-round with excellent infrastructures. Historical lithium and tantalum values at the Mavis Lake property include 2,320 parts per million of Li2O and 170 parts per million of tantalum over 1.3 metres.

Tantalum is a rare metal with diverse applications across several industries -- capacitors in portable devices, such as cellphones, computers, microsensors, precision laboratory gear, surgical equipments, camera lenses and more. The corrosion-resistant, hard and blue-grey metal is estimated to comprise one to to parts per million of the earth's crust, and is mainly produced by Australia (Talison Minerals Corp.), China and Ethiopia, with Canada and Brazil adding to output as a byproduct from niobium mining.

The results from the initial property evaluation will allow TNR to prioritize the development of its large portfolio of lithium and rare earth projects.

Ike Osmani, PGeo, is the company's qualified person on the project, as required under NI 43-101, and has reviewed the technical information contained in this news release.

To help understand the technical aspects of lithium and rare metals please visit TNR's website.

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