{"id":454629,"date":"2010-03-20T23:56:00","date_gmt":"2010-03-21T03:56:00","guid":{"rendered":"tag:blogger.com,1999:blog-27954921.post-1645860683928083447"},"modified":"2010-03-21T01:31:36","modified_gmt":"2010-03-21T05:31:36","slug":"tnr-goldinternational-lithium-enters-into-option-agreement-on-the-companys-rare-metals-forgan-lake-project-on-tnr-v-czx-v-lmr-v-wlc-v-ng-to-f","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/454629","title":{"rendered":"TNR Gold\/International Lithium Enters Into Option Agreement on the Company&#8217;s Rare Metals Forgan Lake Project, ON TNR.v, CZX.v, LMR.v, WLC.v, NG.to, F"},"content":{"rendered":"<div style=\"text-align: justify;\">We have a very important news for this ambitious Junior involved in Lithium and REE exploration and development play. Now it confirms its project generator model and its ability to advance its extensive portfolio of properties by J\/V deals. Looks like International Lithium will concentrate its resources on its lithium brine project in Argentina and its Nevada lithium brine early stage exploration targets. This first J\/V deal on one of the smaller Lithium hard rock exploration targets in Ontario provides a new valuation matrix to the whole portfolio of this junior just before International Lithium Corp.  to be spin out.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Company has posted new presentations for <a href=\"http:\/\/www.tnrgoldcorp.com\/s\/Home.asp\"><b><span class=\"Apple-style-span\"  style=\"color:#3366FF;\"><span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_0\">TNR<\/span> Gold and International Lithium<\/span><\/b><\/a> from <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_1\">PDAC<\/span> in Toronto in March 2010. Interesting  to note here is that REE Big <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_2\">Beaverhouse<\/span> property is presented in <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_3\">TNR<\/span> Gold portfolio &#8211; can we expect company activities to be centered around REE after lithium <span class=\"blsp-spelling-corrected\" id=\"SPELLING_ERROR_4\">assets<\/span> spin out?<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><span class=\"Apple-style-span\"   style=\"  color: rgb(51, 51, 51); line-height: 23px; font-family:Georgia, Times, serif;font-size:15px;\">&#8220;<strong><i><a href=\"http:\/\/sufiy.blogspot.com\/2010\/02\/jay-taylor-in-our-sights-interview-with.html\"><span class=\"Apple-style-span\"  style=\"color:#3333FF;\"><span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_5\">TNR<\/span> Gold Corp. is employing the project generator model<\/span><\/a><\/i><\/strong><i>. <span class=\"Apple-style-span\"  style=\"color:#339999;\">For those of you who may not know what a project generator model is, a word of explanation is in order. \u201cProject generators\u201d are companies that pick up early stage exploration ground when there are historical or scientific reasons to believe a property is prospective for a given mineral. Because these properties are obtained at an early stage of development, the cost of obtaining them is very low.As a project generator, <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_6\">TNR<\/span> then uses its intellectual capital rather than hard currency capital to add value to its shareholders. By carrying out relatively low cost early exploration work, it demonstrates with greater confidence, the potential for a given property to host an economically viable mineral deposit. At that point in time, <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_7\">TNR<\/span> hopes to bring in other companies that are willing and able to spend considerably more money to explore and advance those prospects toward production. <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_8\">TNR<\/span> will generally retain a carried interest in those prospects into the future or at least a Net Smelter Return on any future production from the property. The prospect generator model is in theory a less risky model because, if other companies are spending considerable amounts of money, they can reduce the number of shares issued to raise capital<\/span><\/i><span class=\"Apple-style-span\"  style=\"color:#339999;\">.&#8221;<\/span><\/span><\/div>\n<div style=\"text-align: justify;\"><span class=\"Apple-style-span\"    style=\"font-family:Georgia, Times, serif;font-size:130%;color:#339999;\"><span class=\"Apple-style-span\"  style=\" line-height: 23px;font-size:15px;\"><br \/><\/span><\/span><\/div>\n<div style=\"text-align: center;\"><span class=\"Apple-style-span\"    style=\"font-family:Georgia, Times, serif;font-size:130%;color:#339999;\"><span class=\"Apple-style-span\"  style=\" line-height: 23px;font-size:15px;\"><span class=\"Apple-style-span\" style=\"color: rgb(255, 0, 0); \">We have a position in this company, please, do not consider anything as an investment advise as usual on this blog.<\/span><\/span><\/span><\/div>\n<div><\/div>\n<p><a onblur=\"try {parent.deselectBloggerImageGracefully();} catch(e) {}\" href=\"http:\/\/2.bp.blogspot.com\/_1UpYFlfWGJo\/S6Wauhy4esI\/AAAAAAAADZw\/W_nKElbXBOM\/s1600-h\/ILC.jpg\"><img decoding=\"async\" style=\"display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 124px;\" src=\"http:\/\/2.bp.blogspot.com\/_1UpYFlfWGJo\/S6Wauhy4esI\/AAAAAAAADZw\/W_nKElbXBOM\/s400\/ILC.jpg\" border=\"0\" alt=\"\" id=\"BLOGGER_PHOTO_ID_5450933048138300098\" \/><\/a><br \/><span class=\"Apple-style-span\"   style=\"  line-height: 15px; font-family:arial, helvetica, clean, sans-serif;font-size:13px;\"><\/p>\n<div id=\"y-article-hd\" style=\"margin-top: 0px; margin-right: 0px; margin-bottom: 0.65em; margin-left: 0px; padding-top: 0.65em; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.22em; zoom: 1; \">\n<h1 class=\"test1\" style=\"text-align: justify; margin-top: 0px; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; padding-top: 6px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-size: 1.82em; line-height: 1.22em; \"><a href=\"http:\/\/www.tnrgoldcorp.com\/s\/NewsReleases.asp\"><span class=\"Apple-style-span\"  style=\"color:#3366FF;\"><span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_9\">TNR<\/span> Gold\/International Lithium Enters Into Option Agreement on the Company&#8217;s Rare Metals <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_10\">Forgan<\/span> Lake Project, ON<\/span><\/a><\/h1>\n<div class=\"toolbar yfi_share_article_container clear\" style=\"margin-top: auto; margin-right: 10px; margin-bottom: auto; margin-left: auto; padding-top: 3px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.22em; zoom: 1; border-top-style: none; border-right-style: none; border-bottom-style: none; border-left-style: none; background-image: none; background-repeat: initial; background-attachment: initial; -webkit-background-clip: initial; -webkit-background-origin: initial; background-color: initial; text-align: center; border-width: initial; border-color: initial; float: right; border-width: initial; border-color: initial; background-position: initial initial; \">\n<ul style=\"margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.22em; display: inline; \">\n<ul style=\"margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.22em; display: inline; \">\n<li class=\"yfi_share_buzz\" style=\"margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; list-style-type: none; list-style-position: initial; list-style-image: initial; line-height: 1.22em; display: inline; \">\n<form method=\"post\" action=\"http:\/\/buzz.yahoo.com\/vote\/\" class=\"buzz\" id=\"media-buzz-top\" style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 20px; line-height: 1.22em; float: left; background-image: url(http:\/\/l.yimg.com\/cz\/lib\/fi\/us\/p\/d\/static\/images\/3.1.13\/2.0.0\/buzz_button_bg200.png); background-repeat: no-repeat; background-attachment: scroll; -webkit-background-clip: initial; -webkit-background-origin: initial; background-color: transparent; height: 22px; background-position: 0% 0%; \">\n<div style=\"text-align: center;\"><span class=\"Apple-style-span\"  style=\"color:#044D89;\"><span class=\"Apple-style-span\" style=\"white-space: nowrap;\"><span class=\"Apple-style-span\"  style=\"color:#000000;\"><span class=\"Apple-style-span\" style=\"white-space: normal;\"><\/p>\n<div style=\"text-align: left;\"><\/div>\n<p><\/span><\/span><\/span><\/span><\/div>\n<\/form>\n<\/li>\n<\/ul>\n<\/ul>\n<\/div>\n<\/div>\n<div id=\"y-article-bd\" style=\"margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 28px; padding-left: 0px; line-height: 1.22em; overflow-x: auto; overflow-y: hidden; \">\n<div id=\"y-article-related\" class=\"mod-group\" style=\"margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.22em; float: left; width: auto; clear: none; zoom: 1; \"><\/div>\n<div class=\"mod provider-attribution\"  style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.22em; color: rgb(128, 128, 128);  font-size:11px;\"><strong class=\"title\" style=\"font-style: inherit; font-weight: bold; line-height: 1.22em; \">Press Release<\/strong> Source: <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_11\">TNR<\/span> Gold Corp. <span class=\"datetime\" style=\"line-height: 1.22em; \">On Monday March 15, 2010, 4:47 pm EDT<\/span><\/div>\n<div class=\"mod provider-attribution\" size=\"11px\" style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.22em; color: rgb(128, 128, 128);  \"><span class=\"Apple-style-span\"   style=\"font-size:100%;color:#181818;\"><span class=\"Apple-style-span\"  style=\" line-height: 18px;font-size:13px;\"><br \/><\/span><\/span><\/div>\n<div class=\"mod provider-attribution\" style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.22em; color: rgb(128, 128, 128);  font-size:11px;\"><span class=\"datetime\" style=\"line-height: 1.22em; \"><span class=\"Apple-style-span\"  style=\"color: rgb(24, 24, 24);  line-height: 18px; font-size:13px;\">VANCOUVER, BRITISH COLUMBIA&#8211;(<span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_12\">Marketwire<\/span> &#8211; March 15, 2010) &#8211; <a href=\"http:\/\/www.tnrgoldcorp.com\/s\/Home.asp\"><b><span class=\"Apple-style-span\"  style=\"color:#000099;\"><span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_13\">TNR<\/span> Gold Corp<\/span><\/b><\/a>. (<span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_14\">TSX<\/span> VENTURE:<a href=\"http:\/\/finance.yahoo.com\/q;_ylt=Agek_jnwSf5JWw_a2cAubK2tcq9_;_ylu=X3oDMTB0MmZsMWJwBHBvcwMxBHNlYwNuZXdzYXJzdGFydARzbGsDdG5y?s=tnr.v&amp;d=t\" style=\"line-height: 1.22em; color: rgb(26, 84, 136); text-decoration: none; \"><span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_15\">TNR<\/span><\/a> &#8211;<a href=\"http:\/\/finance.yahoo.com\/q\/h;_ylt=Ai6_MVEgY0zS.xXenjQXIcetcq9_;_ylu=X3oDMTB1Y2RwaWtlBHBvcwMyBHNlYwNuZXdzYXJzdGFydARzbGsDbmV3cw--?s=tnr.v\" style=\"line-height: 1.22em; color: rgb(26, 84, 136); text-decoration: none; \">News<\/a><b style=\"line-height: 1.22em; \">;<\/b> &#8220;<span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_16\">TNR<\/span>&#8221; or the &#8220;Company&#8221;) and wholly-owned International Lithium Corp. (&#8220;<span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_17\">ILC<\/span>&#8220;) are pleased to announce the Company has entered into a letter agreement dated March 11, 2010 (the &#8220;Agreement&#8221;) with Cricket Capital Corp. (&#8220;Cricket&#8221;), a capital pool company (&#8220;<span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_18\">CPC<\/span>&#8220;), on the Company&#8217;s 100% owned <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_19\">Forgan<\/span> Lake property (&#8220;Property&#8221;) located 125 km northeast of Thunder Bay, Ontario.<\/span><\/span><\/div>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \">Transaction Key Point Summary:<\/p>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \">&#8211; Cricket can acquire an undivided 60% interest in the Property;<\/p>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \">&#8211; By incurring a total of $1,000,000 in exploration expenditures on the Property over four years;<\/p>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \">&#8211; By making cash payments to <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_20\">TNR<\/span> totalling $300,000 by the third year anniversary; and<\/p>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \">&#8211; By providing share <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_21\">issuances<\/span> to <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_22\">TNR<\/span> totalling 600,000 shares by the third year anniversary.<\/p>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \">Property Key Point Summary:<\/p>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \">&#8211; 6 <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_23\">pegmatite<\/span> dikes identified through exploration carried out by <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_24\">Lun<\/span>-Echo Gold Mines in the 1950s;<\/p>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \">&#8211; 4.23% Li2O over 7.5 m in channel sample reported by <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_25\">Lun<\/span>-Echo at <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_26\">Pegmatite<\/span> No. 1; and<\/p>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \">&#8211; 2.57 wt% Li2O over 4 m in channel sample reported by <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_27\">TNR<\/span> at <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_28\">Pegmatite<\/span> No. 1.<\/p>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \">&#8220;The <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_29\">Forgan<\/span> Lake property has the potential to develop into a stand-alone rare metals project based on observations from our 2009 field season in conjunction with historical work performed by <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_30\">Lun<\/span>-Echo,&#8221; states Gary <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_31\">Schellenberg<\/span>, President and CEO of <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_32\">TNR<\/span> Gold, and continues, &#8220;The entering into a joint venture arrangement with Cricket to further explore <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_33\">TNR&#8217;s<\/span> <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_34\">Forgan<\/span> Lake property is a successful application of our core business model and we welcome them as a joint venture partner.&#8221;<\/p>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \">Proposed Joint Venture Transaction<\/p>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \">Under the terms of the Agreement, Cricket can acquire an undivided 60% interest in the Property by incurring a total of $1,000,000 in exploration expenditures on the Property as follows: a minimum $250,000 in expenditures on the Property to be incurred by the first year following the date of execution of the Agreement, a minimum $250,000 in expenditures by the second year, a minimum $250,000 in expenditures by the third year, and a minimum $250,000 in expenditures by the fourth year. In addition, Cricket must make cash payments to <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_35\">TNR<\/span> of $25,000 on the date of Exchange acceptance (&#8220;Exchange Acceptance&#8221;) of the Agreement, $50,000 on the first year following the date of execution of the Agreement, $75,000 on the second year and $150,000 on the third year as well as issue to <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_36\">TNR<\/span> 50,000 shares of Cricket on Exchange Acceptance, 100,000 shares by the first year following the date of execution of the Agreement, 150,000 shares by the second year following the date of execution of the Agreement and 300,000 shares by the third year following the date of execution of the Agreement.<\/p>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \">The Property is subject to a 2% net smelter returns royalty (&#8220;<span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_37\">NSR<\/span>&#8220;), of which one-half of the <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_38\">NSR<\/span> (1%) may be purchased for $1,000,000 by Cricket.<\/p>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \">Completion of any and all transactions contemplated by the Agreement is subject to, among other things, acceptance by the Exchange and all other necessary regulatory approvals.<\/p>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \"><span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_39\">Forgan<\/span> Lake Property<\/p>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \">The <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_40\">Forgan<\/span> Lake Property, which is comprised of a 256 hectare claim block (16 units), is located 125 km northeast of Thunder Bay, Ontario. The Property, which hosts six known rare-metal <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_41\">pegmatites<\/span>, is part of the Georgia Lake <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_42\">pegmatite<\/span> field, an area of considerable lithium and other rare-metals (e.g., tantalum, cesium, rubidium etc) exploration since its discovery in the mid-1950s.<\/p>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \">Of the six-<span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_43\">pegmatite<\/span> dikes (1 through 6) on the Property, four (1-4) were part of a drilling campaign carried out in 1955 by <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_44\">Lun<\/span>-Echo Gold Mines Limited (&#8220;<span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_45\">Lun<\/span>-Echo&#8221;). Of the 39 diamond drill holes drilled by <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_46\">Lun<\/span>-Echo in the <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_47\">Forgan<\/span> Lake area, 33 holes were bored on the Property.<\/p>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \">The No. 1 <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_48\">Pegmatite<\/span> dike has been traced on surface for about 274.3 m at an average width of 9.1 m. It contains 30% medium to coarse-grained <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_49\">spodumene<\/span> (lithium mineral) and sporadic black <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_50\">tantalite<\/span>&#8211;<span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_51\">columbite<\/span> crystals (tantalum-niobium minerals) up to 3.8 cm long. Historical channel sampling averaged 2.57% Li2O (lithium oxide) over 6.4 m, 4.23% Li2O over 7.5 m, and 1.98% Li2O over 7.6 m. A composite of channel sample taken across an old trench from this <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_52\">pegmatite<\/span> during <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_53\">TNR&#8217;s<\/span> 2009 field program, returned 2.57 wt% Li2O over 4 metres in a range of 1.69 to 3.4 wt% Li2O supporting the values reported from the historical work (Company News Release &#8211; October 5<span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_54\">th<\/span> 2009).<\/p>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \">The No. 2 <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_55\">Pegmatite<\/span>, which is similar in composition to No. 1, has been traced in outcrop for 45.7 m with an exposed width of 13.7 m.<\/p>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \">The No. 3 <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_56\">Pegmatite<\/span>, located northwest of the No. 1 <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_57\">pegmatite<\/span>, has been traced for 320.0 m with an averaged exposed width of 6.1 m. The No. 3 <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_58\">Pegmatite<\/span> contains approximately 25% <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_59\">spodumene<\/span>. <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_60\">Lun<\/span>-Echo explored this <span class=\"blsp-spelling-error\" id=\"SPELLING_ERROR_61\">pegmatite<\/span> with 10 diamond holes, totaling 832.1 m, at intervals of 30.5 to 61.0 m. The best intersection averaged 1.78% Li2O over 1.52 metres.<\/p>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \">The No. 4 Pegmatite has been traced on surface for approximately 243.8 m with an average surface width of 4.6 m. The pegmatite contains 10-15% fine to medium-grained spodumene.<\/p>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \">Ike Osmani, P.Geo, is the Company&#8217;s qualified person on the project as required under NI 43-101 and has reviewed the technical information contained in this press release. To help understand the technical aspects of Lithium and other Rare Metals please visit TNR&#8217;s website at www.tnrgoldcorp.com.<\/p>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \">ABOUT TNR GOLD \/ INTERNATIONAL LITHIUM CORP.<\/p>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \">TNR and ILC are diversified metals exploration companies focused on exploring existing properties and identifying new prospective projects globally. TNR has a portfolio of 18 active projects, of which 9 will be included in the proposed spin-off of International Lithium Corp. For further details of the spin-off please refer to TNR&#8217;s April 27, 2009 news release or visit <a href=\"http:\/\/us.lrd.yahoo.com\/_ylt=AiBbANfnen01PsbXhr7q9eetcq9_;_ylu=X3oDMTE2NjRmOGl1BHBvcwMxBHNlYwNuZXdzYXJ0Ym9keQRzbGsDaHR0cHd3d2ludGVy\/SIG=11907bp0b\/**http%3A\/\/www.internationallithium.com\/\" style=\"line-height: 1.22em; color: rgb(26, 84, 136); text-decoration: none; \">http:\/\/www.internationallithium.com<\/a>.<\/p>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \">The recent acquisition of lithium, other rare metals and rare-earth elements projects in <ygg:entity ref=\"#AO47sqU-3hGp4k779dJJFg\" id=\"t1\" style=\"line-height: 1.22em; \">Argentina<\/ygg:entity>, <ygg:entity ref=\"#RNw2sqU-3hGp4k779dJJFg\" id=\"t2\" style=\"line-height: 1.22em; \">Canada<\/ygg:entity>, USA and <ygg:entity ref=\"#cCE5sqU-3hGp4k779dJJFg\" id=\"t3\" style=\"line-height: 1.22em; \">Ireland<\/ygg:entity> confirms the companies&#8217; commitments to generating projects, diversifying its markets, and building shareholder value.<\/p>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \">On behalf of the board,<\/p>\n<p style=\"text-align: justify;margin-top: 0px; margin-right: 0px; margin-bottom: 1.25em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; line-height: 1.4em; font-size: 1em; display: block; color: rgb(24, 24, 24); \">Gary Schellenberg, President<\/p>\n<\/div>\n<p><\/span><\/p>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/27954921-1645860683928083447?l=sufiy.blogspot.com' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>We have a very important news for this ambitious Junior involved in Lithium and REE exploration and development play. Now it confirms its project generator model and its ability to advance its extensive portfolio of properties by J\/V deals. Looks like International Lithium will concentrate its resources on its lithium brine project in Argentina and [&hellip;]<\/p>\n","protected":false},"author":2835,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-454629","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/454629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/2835"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=454629"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/454629\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=454629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=454629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=454629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}