TNR Intersects 242 Metres of 1.25 g/t Gold on New Geophysical Target at Shotgun
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Sep 13, 2012 12:56PM
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Video News Release: http://bit.ly/RUbMZh
VANCOUVER , British Columbia, Sept. 13, 2012 /CNW/ - TNR Gold Corp. ("TNR" or the "Company") (TNR.V) is pleased to announce the assay results from the first hole of the drilling program at the Shotgun gold property in Alaska. Drill hole SR12-56 returned 242 metres averaging 1.25 grams per tonne gold including several higher-grade intercepts. The 30-day exploration program included 814 metres of drilling and three geophysical survey grids.
Drilling Results
Diamond drill hole SR12-56 was oriented parallel and approximately 50m northwest of SR06-43 (previously reported containing 210 metres averaging 1.3 g/t Au). Three zones identified by more intense brecciation and increased gold grades correlate well between the two holes. These new results significantly reinforce confidence in the specific orientation of these southwest dipping mineralized higher-grade zones and how to target them with future drilling. In addition to testing for continuation of mineralized zones encountered in SR06-43, the new hole targeted an untested geophysical anomaly identified by the 3D geophysical survey in 2011. The strongest mineralization encountered in hole SR12-56 is coincident with where this geophysical anomaly was intersected. The hole ended in mineralization at target depth of 293.22m.
From |
To |
Width |
Au g/t |
|
Entire intrusive |
51.00 |
293.20 |
242.20 |
1.25 |
Including (SW-zone) |
55.50 |
104.35 |
48.85 |
1.02 |
Including (Mid-zone) |
135.00 |
159.20 |
24.20 |
0.85 |
Including (NE-zone) |
179.00 |
293.22 |
114.22 |
1.84 |
Containing |
186.00 |
242.00 |
68.00 |
2.05 |
which includes |
203.90 |
226.00 |
22.10 |
2.86 |
And containing |
264.30 |
277.45 |
13.15 |
3.12 |
Which includes |
1.95 |
11.2 |
||
Cross section and plan map images showing SR12-56 are available on the Company's website,http://www.tnrgoldcorp.com
Drilling targeting was aided by 2011 geophysical surveys results. Higher grades within the NE-zone in hole 12-56 are associated with a chargeability high feature that suggests the mineralization continues at depth. Preliminary results of the 2012 geophysical survey are currently being interpreted.
"The Company is extremely pleased with these results and how they support our exploration model for identifying bulk minable gold targets at the Shotgun project. As reported previously, the geology logged in the drilling correlated well with previous work and looked very encouraging. The assays in the first hole have started to confirm this" comments John Harrop , VP Exploration.
About the Shotgun Gold Project
TNR holds a 100% interest in the Shotgun property located 175 kilometres 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. Donlin is an intrusion-associated system and represents one of the largest undeveloped gold deposits in the world. The Company believes that there are several key similarities between prospects on the Shotgun property and that of the Donlin Creek gold deposit as well as other important intrusion-associated deposits.
John Harrop , PGeo, FGS, a Qualified Person for the Company as defined by National Instrument 43-101Standards of Disclosure for Mineral Projects has reviewed the technical information contained in this news release.