McEwen Mining Inc (MUX)

[geocam]

$MUX McEwen Mining Inc. ("McEwen Mining") owns 100% of the project and TNR holds a 0.36% royalty on the net smelter return ("NSR") of the entire Los Azules project.

http://www.4-traders.com/TNR-GOLD-CORP-102340/news/TNR-Gold-Royalty-Holding-Update-Argentina-and-Chile-Agree-to-Facilitate-Development-of-McEwen-Minin-25595480/

McEwen Mining Inc. ("McEwen Mining") owns 100% of the project and TNR holds a 0.36% royalty on the net smelter return ("NSR") of the entire Los Azules project.

The two countries signed a bilateral mining integration agreement in 1999. The purpose of this new protocol is to facilitate project-related activities in the border zone between San Juan province in Argentina and Limari province in Chile.

"The support and cooperation being exhibited by Chile and Argentina for potential mine development at Los Azules comes as very good news to us and signifies another important step in the development of one of the largest *copper porphyry projects in the world," commented Kirill Klip, Executive Chairman of TNR.

*Porphyry copper deposits
https://en.wikipedia.org/wiki/Porphyry_copper_deposit

Porphyry copper deposits are copper orebodies that are formed from hydrothermal fluids that originate from a voluminous magma chamber several kilometers below the deposit itself. Predating or associated with those fluids are vertical dikes of porphyritic intrusive rocks from which this deposit type derives its name. In later stages, circulating meteoric fluids may interact with the magmatic fluids. Successive envelopes of hydrothermal alteration typically enclose a core of disseminated ore minerals in often stockwork-forming hairline fractures and veins. Because of their large volume, porphyry orebodies can be economic from copper concentrations as low as 0.15% copper and can have economic amounts of by-products such as molybdenum, silver and gold. In some mines, those metals are the main product.