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Gold/Mining/Energy : TNR Resources Ltd (TRR.V was Toscana) -- Ignore unavailable to you. Want to Upgrade?


To: luckyjack who wrote (580)10/15/1998 10:28:00 PM
From: Bob Basil  Read Replies (1) | Respond to of 659
 
TNR will piggyback on Argentina Gold's good news. Here's the press release:

TNR RESOURCES LTD. October 16, 1998
1680 - 650 W. Georgia Street
Vancouver, B.C. V6B 4N9
Telephone: (604) 687-7551 Facsimile: (604) 687-4670
Toll Free: 800-667-4470 tnrvse.com

Trading Symbol: VSE: TRR
Standard & Poors Listed
SEC12g3-2(b) Exemption #82-4434
CUSIP #872950-10-0

With the recent announcement of Argentina Gold's impressive drill results from its Veladero gold deposit in San Juan, Argentina, TNR has realigned its exploration efforts to focus on its holdings in the Veladero discovery area.

TNR currently holds a 100% interest in 3 properties totalling over 200 square kilometres that lie within 35km of the discovery area. The three projects, La Ortega, Valle del Cura, and El Fiero, all contain large alteration zones, as identified through satellite imaging, similar to that of the discovery area. Reconnaissance sampling on the La Ortega project has identified numerous areas containing highly anomalous gold and silver values. La Ortega is located less than 10km east of the discovery and covers an area of widespread pervasive silicification and argillic alteration within a volcanic and sub-volcanic geological environment. Data compilation and exploration program development are underway for the La Ortega project and the yet to be explored El Fiero and Valle de Cura projects.

TNR holds over 650,000 acres in 15 projects in Argentina and is actively seeking joint venture partners to help explore its property portfolio.

ON BEHALF OF THE BOARD

Gary Schellenberg
President

The Vancouver Stock Exchange has neither approved nor
disapproved the information contained herein