Stock Exchange: TSX Venture Exchange
Symbol:
TNR
CUSIP: #87260X 109
SEC 12g3-2(b): Exemption #82-4434
February 28, 2008
EL SALTO DRILL PROGRAM INCREASED FROM 3,000 METRES
TO 10,500 METRES
TNR Gold Corp. (�TNR�) is pleased to announce the addition of a second
drill on its� 100% optioned El Salto Project, which will increase its drill
program from 3,000 metres to 10,500 metres. The second drill is planned to be on
the property within 30 days. TNR has now completed 1,610 metres of drilling at
El Salto, which is located in the San Juan province,
Argentina.
�We are just at the beginning of a major drill program at our El Salto
project� commented TNR�s President and CEO Gary Schellenberg. �Our main focus of
this program is to focus on several well defined, chargeability anomalies
delineated by a recent 3D IP survey and coincidental geochemical anomalies �.
The first three drill holes, which are spread across an area of high and
moderate chargeability anomalies and the porphyry intrusion, span an area of 750
metres thus creating a fence of holes on the north end of the property. All 3
holes have been drilled at minus 60 degree dip and 050 degree azimuth. The first
drill hole (ES-07-01) ended at a depth of 391.4 metres along the northeastern
margin of the porphyry intrusion. The hole tested moderate chargeability anomalies and intersected variably mineralized (pyrite, chalcopyrite +/- molybdenite) breccias, porphyry dikes and altered/deformed metasedimentary
country rocks across its entire length. The second drill hole (ES-08-02) ended
at a depth of 601 metres, near the southwestern margin of the porphyry
intrusion, and tested high chargeability anomalies coincident with molybdenum
and copper anomalies. This hole is also variably mineralized with pyrite,
chalcopyrite +/- molybdenite from top to bottom. The third drill hole (ES-08-03)
ended at a depth of 467.6 metres and was located between holes 1 and 2 and
tested the existence of a deep-seated porphyry feeder system. The porphyry was
intercepted at the depth of 314.25 metres. The potassically altered intrusive
contains both disseminated molybdenite and chalcopyrite mineralization as well
as in veinlets. Hole 3 ended in the strong potassic alteration and
mineralization. Assay results are pending for holes 1, 2 and 3.
The fourth drill hole (ES-08-04) is presently at a depth of 150 metres and
is located approximately one kilometre to the south of drill hole ES-07-01. It
is designed to test high chargeability anomalies. The remaining holes will be
drilled to a minimum of 500 metres depth, testing both weak and strong
chargeability anomalies with the coincident known and unknown copper and molybdenum geochemical anomalies on surface. This drill program is to be completed by early June 2008.
EL SALTO PROPERTY
The El Salto property, consisting of 3,300 hectares in the San Juan Province, is located within the �Yellow Belt� district of San Juan which hosts
the two well-known copper deposits, the El Pachon Deposit (724 MT @0.65% Cu) in
Argentina, and the Los Pelambres Mine (1487 MT @0.66% Cu) near the
Chile-Argentine border (Falconbridge/Xstrata and Antofagasta web sites).
ABOUT TNR GOLD CORP.
TNR Gold Corp. is a base and precious metals exploration company focused on
aggressively identifying new prospective projects as well as fostering work on
its large portfolio of 16 properties in
Argentina and Alaska. The company's
focus over the next 12 months is the exploration and development of its Eureka,
El Salto and El Tapau properties in
Argentina and Shotgun project in
Alaska.
This news release has been prepared under the supervision of Ike Osmani,
P.Geo, TNR�s qualified person on this news release.
On behalf of the board,
Gary Schellenberg
President
604-687-7551
1-800-667-4470
The TSX Venture Exchange does not accept responsibility
for the adequacy or accuracy of this news release. 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.