Good question. Contact the company and ask the question you pose regarding JCI. With gold in the dumps right now a jv partner might look for opportunity to consolidate their holdings and trade one prospect for another. I suspect this is the case here. Additionally, it is very difficult to find parties willing to pony up for AU development. Note that the December 22nd release does allude to such events:
<<Following a recent decision by JCI to restructure and to dispose of its principal gold mines, JCI informed Tan Range that it had decided to terminate the strategic alliance. Tan Range is very pleased with this development as the company has now regained 100% control of all its mineral projects, including the highly promising Itetemia project in Tanzania.>>
futuresuperstock.com
For an investor relations package on Tan Range Exploration or to find out the status of current drilling results you can contact David J. Scott, Investor Relations at 1-800-811-3855
Let us know what you find after contacting IR.
Gold Newsletter has featured TNX in its last two issues:
Page 9: "In the meantime, one final note on one of our gold exploration shares: Tan Range Exploration (TNX.A;C$.76) has shown remarkable relative strength. As expected, the latest round of drill results from their Itetemia project werre also exceptional.
The five diamond drill holes extended the strike length of the deposit another 100 meters (to a total of 300 meters so far), extended the depth of mineralization to 100 meters from surface, and produced results like 6.0 meters of 4.01 gm per tonne, 13.4 meters of 9.07 gpt, 17.7 meters of 4.66 gpt, and 5.6 meters of 7.7 gpt.,
In addition, induced polarization (IP) surveys have extended the previously announced 1,200 meter long IP anomaly associated with the gold bearing quartz reef by 1,000 meters, for a total anomaly length now of 2.2 km.
This anomaly has a substantially longer strike length than Sutton's huge, adjacent Bulyanhulu gold deposit. Obviously, Tan Range's deposit has the potential to be huge.
Whether the short term market will care about these results or not remains to be seen, but for long term investors these assays will serve as further confirmation that Tan Range is on the trail of a potentially very large gold deposit."
Page 23: "We think that Tan Range (TNX.A), with a much smaller market capitalization and major diversification of other gold projects all over Africa, could turn up a similar gold deposit adjacent to Sutton's Bulyanhulu project. The relative strength of Tan Range, in the face of the collapse of the rest of the gold share prices, indicates that the market believes this company has the potential to be another Sutton Resources. I think that Tan Range can be a $10 stock within two years." |
