TNR Gold Corp.

TNR Gold Corp.

March 13, 2008 17:42 ET

TNR Gold Corp.: Los Azules Project Drill Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 13, 2008) - Minera Andes Inc. ("MAI"), the operator on the Los Azules property, in which TNR Gold Corp. ("TNR") (TSX VENTURE:TNR) holds a 25% back-in right on the Xstrata Copper (Xstrata") ground, announced assay results from the first core hole drilled in the 2007-2008 field season. Hole AZ-07-30 encountered 113 metres of 1.04% copper within a larger zone of 200.8 metres of 0.89% copper. To date seven vertical holes have been completed totaling 2,528 metres of the 5,000 metre, 12 hole drilling Stage 1 program currently underway. Four holes are currently being drilled and assays are pending for six holes. This information has been derived from MAI's news in Stockwatch dated March 12, 2008.


Drill hole AZ-07-30 is located on the portion of the property Xstrata optioned from TNR. The property consists of approximately 20,000 acres and is located adjacent to the northern border of MAI's Los Azules property. Xstrata met all the conditions under the option agreement and the property has been transferred, subject to a 25% back-in right in favour of TNR.

In 2005 Xstrata optioned its 100% interest to MAI in exchange for making all the cash payments required and incurring $3,000,000 in exploration expenditures by May 15, 2008.

Drill results from MAI's 2006 campaign at Los Azules confirmed significant high-grade copper on the property. An 11-hole drill program returned intervals up to 1.62% copper over 221 metres and 1% copper over 173 metres in separate holes, both of which are on the Xstrata optioned property.

In addition to the back-in right TNR maintains a strategic land position adjacent to the Los Azules project.

On behalf of the board,

Gary Schellenberg, President

Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

CUSIP: #87260X 109

SEC 12g3-2(b): Exemption #82-4434

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • TNR Gold Corp.
    Gary Schellenberg
    (604) 687-7551 or 1-800-667-4470
    (604) 687-4670 (FAX)