TNR Gold sees growth opportunities at McEwen Mining's Los Azules copper project

Core Insights - TNR Gold Corp holds a 0.4% net smelter returns royalty on the Los Azules project in Argentina, which has shown promising assay results from a recent 70,000-meter drilling season [1][2] - Significant intervals of copper have been reported, including 349 meters of 0.77% copper and 382.5 meters of 0.54% copper, indicating potential for resource expansion [1][3] - The project is among the 10 largest copper projects globally, with over 11 billion pounds of indicated copper and over 28 billion pounds of inferred copper reported in a preliminary economic assessment [4] Company Developments - The company is working on a feasibility study expected to be released in the first quarter of next year, which could further enhance the project's value [4] - A new porphyry system has been identified nearby, suggesting the potential for another copper deposit within the Los Azules concession [5] - The estimated value of the royalty on Los Azules is over US$100 million, with TNR Gold's portion valued at over $30 million [6] Economic Potential - The project is projected to generate potential pre-tax revenue of $6 million per year from the royalty holding, with a mine life of 27 years producing over 180,000 tons of copper annually [6] - The ongoing developments and discoveries are expected to add significant value to TNR Gold Corp as a green energy metals royalty and gold company [5][6]