Thursday, May 31, 2012

TNR Gold Announces Long Term Debt Financing and Shotgun Gold Project Drill Program TNR.v




TNR Gold Rejects Third Party Proposal And Provides Los Azules Update TNR.v, MUX

"Kirill Klip, Chairman of TNR commented that: “Although the price being proposed for the Company was materially higher than TNR’s current trading price, in our view it fell far short of reflecting the value of the Company and, in particular, the value of the Company’s claims in the current Los Azules litigation with Minera Andes Inc.”



NovaGold: Southwest Alaska gold project moving ahead

 "We have a very encouraging news from NovaGold for all gold mining projects in Alaska. Company and its partner Barrick Gold moves ahead with the $6.7 billion development of Donlin Gold project. Both companies are shareholders in TNR Gold, with Nova Gold holding under 10% of the company - after Shotgun Gold project was consolidated 100% by TNR Gold last year.   
  TNR Gold's Shotgun Gold project with almost 1 million oz Gold (Historical NON 43-101) resource will bring investors and industry attention again now. The development of Donlin Gold will bring necessary infrastructure to the area making the development of other mining projects possible. The proposed natural gas pipeline is a game changer in the rising Oil prices environment and will provide the unique opportunity for reducing the development and production cost of the mines in the area."



TNR Gold Announces Long Term Debt Financing and Shotgun Gold Project Drill Program



/PRNewswire/ -- TNR Gold Corp. (the "Company") has arranged a $3,500,000 loan (the "Loan") from a private backer (the "Lender") to provide funds for the Company to conduct drilling and other exploration work on its Shotgun Gold Project located in Alaska, and provide the company with additional working capital. The Loan is due and payable on or before May 31, 2015 and is secured by a promissory note and general security agreement.  The Loan will bear interest at the rate of 20% per annum.  No bonus shares or commission are payable in connection with the Loan.
Objectives of the Shotgun Gold Ridge drill program include:
  • Infill drilling to support a compliant NI 43-101 resource calculation;
  • Test new geophysical targets identified in 2011;
  • Further test at depth feeder zones discovered in 2006.
During 2011 a 3D geophysical orientation survey was conducted across Shotgun Ridge covering the area of historical drilling and extending beyond there along the ridge.  The survey demonstrated that resistivity and conductivity methods are able to detect controlling structures within the ridge.  This has led to the identification of new targets within Shotgun Ridge that are geophysically similar to the 210m intersection grading 1.29 g/t Au intersected in drill hole 06-43.  These targets will be tested prior to the updated, compliant NI 43-101 resource calculation.  Additional geophysical surveys will be conducted on prospects Shot and King to locate similar controlling structures and develop drill targets where extensive geochemical anomalies do not yet have identified bedrock sources.
"Given the current financial climate and TNR's undervalued market capitalization we are very pleased to have secured long term, non dilutive funding that will enable the Company to advance the Shotgun Gold project and return to the project generation business plan. Our present strategy is to develop TNR's existing assets to a stage that fosters strategic joint venture partnerships." - Gary Schellenberg, President.
About the Shotgun Gold Project
TNR holds a 100% interest in the Shotgun property which is 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 in the Shotgun area and that of the Donlin Creek gold deposit as well as other intrusion-associated deposits.
Previous work at Shotgun Ridge by NovaGold Resources Inc. in 1998 estimated an historical resource of 980,000 ounces grading 0.93 gram per tonne (g/t) at a cut-off of 0.5 g/t (This estimate was made prior to NI43-101 and has not been verified by a QP.  It is provided for historical information and should not be relied upon).
The Loan is subject to the approval of the TSX Venture Exchange. 
John Harrop, P.Geo, is the company's Qualified Person on the project as required under NI 43-101 and has reviewed the technical information contained in this press release.
Over the past twenty-one years TNR, through its lead generator business model, has been successful in generating high quality exploration projects around the globe. With the Company's expertise, resources and industry network, it is well positioned to aggressively identify, source, explore, partner and continue to expand its project portfolio.
TNR's recently listed subsidiary, International Lithium Corp. (TSX:ILC.V), demonstrated the successful application of TNR's business model in which TNR shareholders benefited from a unit distribution upon spin-out of TNR's lithium and rare metals projects. TNR remains a large shareholder in ILC at 25.5% of outstanding shares.
At its core, TNR provides significant exposure to gold and copper through its holdings in Alaska and Argentina; and teamed with the recent acquisitions of rare-earth elements and iron ore projects in Canada confirm TNR's commitment to continued generation of in-demand projects, while diversifying its markets and building shareholder value.
On behalf of the board,
Gary Schellenberg President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
620 - 650 West Georgia Street
Vancouver, British Columbia
V6B 4N9, Canada
Voice: (604) 687-7551
Fax: (604) 687-4670
1-800-667-4470
Symbol: TNR:TSXV CUSIP: #87260X 109 SEC 12g3-2(b): Exemption #82-4434
SOURCE TNR Gold Corp.

Read more here: http://www.sacbee.com/2012/05/31/4527846/tnr-gold-announces-long-term-debt.html##storylink=cpy



Read more here: http://www.sacbee.com/2012/05/31/4527846/tnr-gold-announces-long-term-debt.html##storylink=cpy


Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advise on this blog and there is no solicitation to buy or sell any particular company here. Always consult with your qualified financial adviser before making any investment decisions.

Lithium Drive: Volt electric car - the Sydney motor show star





Lithium Drive: Inside Tesla - Making The Model S Electric Car



Lithium Catalyst: Electric Tesla Model S gets June release date and personalization updates

  "Now we can talk about Electric rEVolution for real. Tesla Model S will put the Electric Mobility in perspective: It is The Car, but only better. Welcome to the 21st century of transportation!"

Wednesday, May 30, 2012

Lomiko’s Rapid Progress on Graphite Prospect Continues - CEO Buys Shares LMR.v



  We like to see, when CEO of the Lomiko Metals is constantly buying shares of the company. Upcoming drill program and resource estimation will be the pivotal point for Lomiko and can become the company maker.



As of 11:59pm ET May 28th, 2012
Filing
Date
Transaction
Date
Insider NameOwnership
Type
SecuritiesNature of transaction# or value acquired or disposed ofUnit
Price
May 18/12May 17/12Gill, Amrit Paul SinghDirect OwnershipCommon Shares10 - Acquisition in the public market30,000$0.075
May 18/12May 17/12Gill, Amrit Paul SinghDirect OwnershipCommon Shares10 - Acquisition in the public market30,000$0.070
May 18/12May 17/12Gill, Amrit Paul SinghDirect OwnershipCommon Shares10 - Acquisition in the public market29,000$0.075
May 18/12May 16/12Gill, Amrit Paul SinghDirect OwnershipCommon Shares10 - Acquisition in the public market8,000$0.080
May 18/12May 15/12Gill, Amrit Paul SinghDirect OwnershipCommon Shares10 - Acquisition in the public market3,000$0.080
May 18/12May 15/12Gill, Amrit Paul SinghDirect OwnershipCommon Shares10 - Acquisition in the public market31,000$0.080
May 18/12May 15/12Gill, Amrit Paul SinghDirect OwnershipCommon Shares10 - Acquisition in the public market11,000$0.085
May 18/12May 15/12Gill, Amrit Paul SinghDirect OwnershipCommon Shares10 - Acquisition in the public market16,000$0.080
May 18/12May 15/12Gill, Amrit Paul SinghDirect OwnershipCommon Shares10 - Acquisition in the public market14,000$0.080
Apr 24/12Apr 24/12Gill, Amrit Paul SinghDirect OwnershipCommon Shares10 - Acquisition in the public market48,500$0.115


Midas Letter Money with Lomiko Metals LMR.v - Graphite in Quebec



Lomiko Doubles Down on Graphite LMR.v



Lomiko Will Drill to Prove Up a Historic Quebec Graphite Target LMR.v

  "We have more promotion from Lomiko Metals and more colours to the potential of its Graphite project in Canada. Graphite is in the headlines of news letter writers - James Dines has made his pick as well, now the exploration results will separate the pump and the real projects."

PRWeb:


Financial Press: Lomiko’s Rapid Progress on Graphite Prospect Continues

Canada-based graphite exploration company Lomiko Metals is charging ahead in its effort to develop and expand its graphite resource base in Quebec.

Vancouver, BC (PRWEB) May 29, 2012
Canada-based graphite exploration company Lomiko Metals (TSX:LMR) is charging ahead in its effort to develop and expand its graphite resource base in Quebec. - (Financial Press)
In the last few weeks the company has surged past multiple major milestones on its way to capitalizing on the ongoing and resilient graphite boom. The company was encouraged with the detailed information on its Quatre Milles Property and has purchased the 2,180 Ha Quatre Milles West Property which covers similar geology.
Lomiko revealed in a May 22nd press release Graphite and Zinc Outlook is Favourable Through 2013 that Simon Moores of Industrial Minerals reported China, the dominant global supplier of graphite, had cut exports in January and February 2012. The total graphite export reductions were by 55.3% and 60.1% respectively from 2011 level exports from Hunan Province.
While China was cutting supplies to the world, Lomiko continues to advance towards stated objective of mounting “an aggressive exploration campaign on the Quatre Milles Graphite Property with a complete compilation of historic geologic work followed by surface mapping, prospecting and follow-up diamond drilling.”
The company’s development from this point will be centered on the exploration and development of its Quatre Milles graphite property in Quebec’s graphite belt.
The program will cover the most highly prospective graphite-bearing areas on the nearly 1,600 hectare property which covers 28 contiguous claims.
The program will include all of the elements of the “Phase I drilling” program advised by Consul-Teck Exploration in the in the Quatre Milles NI 43-101 report.
The details from the report state:
During Phase I, exploration work will be destined to validate and delineate the mineralize intersection drilled in 1991. This core will be used to evaluate the possibility of:
1) Determining the continuity of the mineral composition of the graphite intersection to a vertical depth of 75 metres
2) Carrying out chemical analysis and metallurgical testing of the whole length of the mineralize core for graphite.
The drilling program will encompass a total of 1500 meters as recommended in the study of the project. Each drill hole is expected to go to a depth of 100 meters. They will be spaced approximately 50 meters apart.
The holes will be drilled along the electromagnetic (EM) signature Lomiko has identified on the project which, when combined with surface geological work and historical results, signifies a significant likelihood of in-demand and highly valued large flake graphite.
Past analysis of the Quatre Milles property demonstrated the EM signature stretched for approximately 1.8 kilometers. The Phase I drill program and consist of between 15 and 20 holes when completed in order to cover the entire area.
The assay results of the program will likely start being made available within a few months.
Finally, Lomiko has added to its team of experienced mining and mining sector-specific professionals.
The company has recently announced Kumara Rachamalla to the board of advisors. Rachamalla is a former director of Holmer
Lomiko has delivered on everything it has set out to do so far. The drilling results will guide the company’s future development. But at this point, it’s still one of the few companies in the graphite sector which has successfully advanced to the drilling stage of exploration.
Lomiko Metals trades on the TSX Venture Exchange under the symbol “LMR.” It’s also listed in the United States under the symbol “LMRMF.”
The company currently has a market capitalization of just over $5 million.
Learn more about Lomiko Metals at http://www.lomiko.com."

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advise on this blog and there is no solicitation to buy or sell any particular company here. Always consult with your qualified financial adviser before making any investment decisions.