The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Carries out field program on 706,000-oz Alaska gold project North of 60 Mining News – August 26, 2022
The 2013 exploration camp at TNR Gold's Shotgun project.
TNR Gold Corp. Aug. 24 reported that it is carrying out an exploration program this year at the Shotgun gold project in Southwest Alaska.
Located about 110 miles south of the 39-million-ounce Donlin Gold mine project and about the same distance northeast of the Pebble copper-gold-molybdenum project, this property lies at the intersection of two trends known to host big deposits.
TNR optioned Shotgun from Novagold Resources Inc. in 2002 and gained full ownership of the property in 2010. The company subsequently granted 10% ownership of the Southwest Alaska gold property to a private backer of the company.
According to a calculation completed in 2013, Shotgun hosts 20.73 million metric tons of inferred resource averaging 1.06 grams per metric ton (705,960 oz) gold.
TNR's primary strategy for Shotgun is to attract a partner to move the gold project forward.
"TNR Gold has successfully consolidated and updated its mining claims in Alaska and is actively introducing the project to interested parties," said TNR Gold CEO Kirill Klip.
The company's 2022 field program will investigate geochemical and geophysical anomalies associated with Shotgun Ridge, which hosts the resource, and Winchester, another prospect on the property.
"There is a clear path on how to move this project forward using the geological and geophysical research currently available to target drilling to expand the resource," said Klip. "The next step is to acquire a partner that shares our vision and recognizes the growth potential and value to be added to the Shotgun Gold Project over time."
In the meantime, TNR is continuing to shift its focus away from gold and toward building a green energy metals royalty company.
In addition to Shotgun, TNR holds a 0.36% net smelter return royalty on the Los Azules copper project in Argentina, which is held by McEwen Copper Inc .; and a 1.8% NSR royalty on the Mariana Lithium property in Argentina, which is being advanced by a joint venture owned by Ganfeng Lithium Co. Ltd. (87.2%) and International Lithium Corp. (12.8%).
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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