Argentina exploration progressing
TNR Resources Ltd TRR
Shares issued 3,914,788 Dec 8 close $0.39
Tue 8 Dec 98 News Release
Mr. Gary Schellenberg reports
Exploration work is continuing on two of TNR's 15 projects in Argentina.
Valle Del Cura
Work on the TNR Resources/Orko Gold joint venture on the 54 square
kilometre La Ortiga project in northwest San Juan province, is progressing
at a rapid pace, with encouraging indications to date. The project area is
approximately 12km east of the richly mineralized Amable zone of the
Veladero project owned by Argentina Gold and Barrick Gold, in the eastern
portion of the prolific El Indio gold-silver belt of the Andean Cordillera.
Crews have been prospecting, BLEG, rock and talus sampling and
reconnaissance mapping since Nov. 24, resulting in the discovery of four
areas of intense, multiphase silicification +/- alunite and brecciation
within argillically altered Tertiary volcanics, the largest of which
appears to have an areal extent in excess of 1 square kilometre. The
alteration and various silicification phases found on the property are
similar to those described in published reports on the Veladero project.
Widespread float samples containing sulphide mineralization, including
arsenopyrite and pyrite, were collected in one of the areas.
Work is expected to continue until approximately Dec. 20. Geochemical
results for this initial work, together with geological information, will
be evaluated over the Christmas break and used to formulate plans for more
detailed exploration in the New Year, including additional detailed
sampling and mapping, geophysics, trenching and drilling as warranted.
Canada Honda
Newcrest Resources has notified the company that it has completed a three
hole diamond drilling program totalling approximately 1,100 metres on its
Canada Honda project. Assay results are expected within 10 days. Historic
drilling on the property has focused on the high grade gold potential. The
objective in this phase of drilling was to identify the potential for a
large low grade gold system. Results will be released as they are made
available to the company.
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