TNR Gold primes Shotgun, Iliamna projects for drilling
2004-08-18 16:44 ET - News Release
Mr. Gary Schellenberg reports
ALASKA PROJECTS UPDATE
TNR Gold Corp. has provided the following update regarding its exploration projects in Alaska.
Shotgun project
The company has mobilized an exploration crew to its Shotgun project in the Kuskokwim mineral belt in western Alaska. The focus of this year's program is to delineate drill targets on the Shotgun zone extension and at the Shot, King and Winchester showings. Previous work at Shotgun by joint-venture partner NovaGold Resources Inc. has identified an inferred resource of approximately one million ounces gold, with numerous targets still untested. (Note: This resource estimate is used as an historical reference only. It is not fully compliant with CIM standards on mineral resources and reserves used by NI 43-101. See "Summary Report for the Shotgun Gold Prospect, Kuskokwim Mineral Belt, Alaska," dated March 1, 2004, on SEDAR.) The company believes that there are several key similarities between the Shotgun occurrence and that of the 25-million-ounce Donlin Creek gold deposit to the north.
Iliamna project:
The company has been notified by joint-venture partner Geocom Resources Inc. that it intends to drill several new targets on the Iliamna project later this summer. Iliamna is also located in the Kuskokwin mineral belt in Alaska. The focus of this year's drilling program is to expand the porphyry copper-gold mineralization encountered in last year's drill program. At present Geocom, the project operator, is awaiting permits to be issued so that drilling can commence.
John Harrop, PGeo, is the company's qualified person for this news release.
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