TNR Gold Corp.

TNR Gold Corp.

April 18, 2007 17:58 ET

TNR Provides La Carolina Exploration Results; Announces Drill Program

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 18, 2007) - TNR Gold Corp. ("TNR") (TSX VENTURE:TNR) is pleased to provide this update regarding the La Carolina gold project in the province of San Luis, Argentina:

- A Phase I diamond drill contract has been signed with Patagonia Drill, a well-known and accomplished drill contractor based in Mendoza, Argentina;

- The Phase III geophysical (IP) survey has been completed;

- Gold mineralization has been discovered over significant widths in historic trenches; and

- Project operator Latin American Minerals Inc. ("LAT") has independently confirmed the order of magnitude of the significant historic gold soil anomalies report by Anglo Gold ("Anglo").

The Phase I diamond drill program, scheduled to commence this May, will test coincident gold and geophysical anomalies related to the contact of the La Carolina diatreme breccia complex with the host altered meta-sedimentary sequence. Currently, a minimum of 2,000 metres in seven (7) holes is planned. The program will test site-specific targets as an initial step in establishing the parameters for the more extensive Phase II drilling program consisting of 6,000 metres planned to commence later this year.

All geophysical programs at La Carolina have now been completed, including Phase I: 125.5 line kilometers of a magnetometer survey, Phase II: 81.5 line kilometers of Gradient IP and Phase III: 7.65 line kilometers of pole-dipole IP. Phase I and part of Phase II results were reported earlier this year (ref press release dated February 21, 2007). The surveys were carried out by Quantec Geoscience Mendoza office. The IP surveys identified two previously unknown anomalous zones, which flank and are proximal to the eastern and western edges of the diatreme complex. The anomalous zones are located in the basement trend NNE and have each been traced along strike for approximately 3km. The anomalies exhibit variably strong chargeability and resistivity extending down over 250m and exhibit a near vertical dip.

The historic drilling completed by Anglo focused on volcanic breccias near the contact of the diatreme and the basement rocks. Most of their holes were terminated on intersecting the basement rocks and did not intersect the geophysically anomalous zone within the basement. Some of the holes that intersected basement rocks in proximity to the anomalous trend reported no significant gold values. A number of holes reported anomalous gold assays up to 60gpt Au over 3.0m, however this intersection reported only 50% core recovery. The project operator has not independently confirmed these historic assays, but the assay results suggests that the anomalous zone is potentially variably mineralized and contains encouraging gold values. Each zone extends for over 3km according to geophysical data.

The Phase I drill programs comes after results of geophysical surveys showed that the gold soil anomalies are related to untested geophysical anomalies that extend down deep over 250m along the geologic contact between the diatreme breccia and the basement rocks. Selected historic trenches excavated by Anglo at La Carolina, in the diatreme breccia near the contact with the basement rock, have been chip-channel sampled by LAT to confirm the historical results.

Significant assays received to date include:

Mogote Zone:

Trench 1: 30m averaging 1gpt Au (including 12m averaging 1.6gpt Au)

La Luisa Zone:

Trench 16: 50m @ 0.6gpt Au

Trench 3: 60m @ 0.5gpt Au

The assay results received confirm the order of magnitude of the historic results. Further assays are pending.

In 2005 TNR, with Geocom Resources Inc. ("Geocom"), entered into a joint on the property with LAT on La Carolina and proceeded to stake an adjacent parcel of prospective land, essentially doubling the size of the project. TNR and Geocom each owns 50% of the La Carolina Project. Upon fully vesting by LAT, TNR and Geocom will each hold 12.5%.

This news release has been prepared under the supervision of John Harrop, P.Geo, TNR's qualified person on this news release.


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. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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Contact Information

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