TNR Resources Ltd (TRR.V was Toscana) Message Board

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Gold/Mining/Energy : TNR Resources Ltd (TRR.V was Toscana)

TRR 17.55

0.0%

Jul 5 5:00 PM EST

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To: Joe Hartenbower who wrote (634)	12/15/1999 2:41:00 PM
From: Bob Basil	of 659

Drills are turning ... TNR RESOURCES LTD. December 15, 1999 1680 - 650 W. Georgia Street Vancouver, B.C. V6B 4N9 Telephone: (604) 687-7551 Facsimile: (604) 687-4670 Toll Free: 800-667-4470 Website: www.tnrvse.com NEWS RELEASE Trading Symbol: VSE: TRR Standard & Poors Listed SEC12g3-2(b) Exemption #82-4434 CUSIP #872950-10-0 DRILLING TO COMMENCE ON LEDGE PROJECT TNR Resources Ltd. ("TNR") and Ivory Oil & Minerals Inc. ("Ivory") are pleased to announce that the relevant work and property permits having been approved for a drilling program on The Ledge Property, located in the Cariboo Mining Division of B.C. A drill has been mobilized to the property, and work on the first hole has commenced. Earlier work by the companies confirmed and extended an intense magnetic anomaly, which is now in excess of 700 m long by 700 m wide. Previous mapping and sampling, together with the magnitude and intensity of the anomaly, suggest the strong likelihood of the presence of magnetite-bearing skarn. Soil and rock geochemistry peripheral to the anomaly has indicated the presence of copper, gold and arsenic that may be indicative of a sulphide bearing body nearby. A MaxMin EM survey has delineated indications of conductors adjacent to the intense magnetic anomaly defined during earlier study. This is consistent with the magnetite-skarn model being developed. This phase of the exploration program has been budgeted to include up to 1100 metres of diamond-drilling. ON BEHALF OF THE COMPANY, "Gary Schellenberg" Gary Schellenberg, President

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