TNR Gold Executive Chairman highlights promising assays from Los Azules copper project
London, UK
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March 12, 2024 12:32 PM Eastern Daylight Time
TNR Gold Corp executive chairman Kirill Klip discusses promising assay results from the Los Azules copper, gold, and silver project in Argentina with Proactive's Stephen Gunnion.
Klip highlighted one of the property's best drill holes yielding 0.63% copper over 446 metres, including a segment with 0.9% copper over 70 metres. These results underpin the potential for an upgraded resource estimate as part of the preparation for a feasibility study, expected in Q1 2025.
Klip also noted the supportive political climate in Argentina under the new president, which is seen as favourable for resource development and investment, citing significant investments by major corporations like Rio Tinto and Ganfeng Lithium in the country's mining sector.
Additionally, Klip addressed the copper market's dynamics, predicting a potential swing into deficit, influenced by robust demand and limited new supply. He cited industry expectations for rising copper prices and discussed the implications for TNR Gold's valuation, particularly regarding its royalty on the Los Azules project.
With significant drilling activity ongoing, Klip anticipates the project's resource base will expand, enhancing the company's revenue prospects from its royalties.
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