"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.”
"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 Update On Exploration Program At Shotgun Gold Project, Alaska/TSX Approves $3.5 Million Loan Agreement
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