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TNR Gold (TSX.V - TNR) Announces 242 Metres Averaging 1.25 g/t Gold At Shotgun

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  • 1. Shotgun Gold Project AlaskaOctober, 5 2012

2. Company OverviewLead Project Generator Mineral Exploration: Precious Metals and Base Metals Strategic Focus on Rare Metals and Rare Earth Elements Proven Business Model: Early Identification and Acquisition of Mineral Prospects Selectively Advance Projects Internally Employ JV Partnerships to Diversify Costs and Risk Maximum Value Achieved Over Minimum Period of Time 65% Owned by Insiders and Management Experienced Management Team 3. Corporate Structure Minera Solitario Argentina GeneratingUnlockingProjects Cu-Au QualityValue International Lithium Corp. (ILC:TSX.V) Asset BaseLi + Rare Metals (25.5% Equity owner)ILC SpinoffTNR GOLD CORP. TNR.TSXVSuccessfully ListedAmerigold Corp.May 24, 2011Alaskan ProjectsAu TNR shareholdersMulti-Commodity received 1 unit forMulti-Jurisdictionevery 4 shares of Exposure TNR Rare Earth Canada TNR heldREE TNR Iron Ore CanadaSoules Bay Iron ProjectFe 4. Project Locations ALASKAShotgun Iliamna Big Beaverhouse Soules Bay VancouverSeabrook Lake LEGEND Northern ProjectLa OrtiguitaAu ARGENTINALos AzulesREE San JaunAu-CuFeOfficeGold Corp.14 Projects Worldwide (not all projects shown on map)Geographical and Commodity DiversityActively Sourcing Additional Opportunities 5. Alaska Projects1. Shotgun (Au) Fort Knox Donlin Style intrusion associated gold PogoDonlin2. Iliamna (Cu-Au) Pebble Style copper-goldShotgun porphyryPebble Iliamna Shotgun has the potential to be a major gold deposit like Donlin. Donlin, owned by Barrick and NovaGold, has M&I resources of 39 million ounces gold*. Iliamna is an unexposed copper-gold porphyry target with geochemical and geophysicalsignatures similar to those at Pebble.* Novagold website 6. Shotgun Project, Alaska TNR Gold acquired 100% of the Shotgun project from NovaGold in 2010 Historic Resource (Predates NI43-101*):980,000 oz Au grading 0.93 g/t Au at a 0.5 g/t cut-off*Calculated in 1998 by NovaGold Resources Total Exploration Expenditures Accrued to Date:$8 Million Recently Completed Exploration/Drilling Program$1.7 Million* A qualified person has not done sufficient work to classify the historical estimate as currentmineral resources, the issuer is not treating the historical estimate as current mineral resourcesand the historical estimate should not be relied upon. This resource estimate is quoted from theTechnical Report on the Shotgun-Winchester Project, SW Alaska. 7 March 2008 and is availableon Sedar, www.sedar.com. 7. Shotgun Project, Alaska TNRs goal is to define a multi-million oz bulk mineable gold deposit like at Fort Knox Historic Resource (Predates NI43-101*):980,000 oz Au grading 0.93 g/t Au at a 0.5 g/t cut-off* http://www.kinross.com/operations/operCalculated in 1998 by NovaGold Resources ation-fort-knox-alaska-usa.aspx For comparison, Kinross reports the following reserves and resources for Fort Knox (from Kinross website): Tonnes GradeOunces Gold( X 1,000) (g/t)( X 1,000) Proven and Probable Reserves314,6690.43 4,303 Measured and Indicated Resources(a)112,0980.40 1,426* A qualified person has not done sufficient work to classify the historical estimate as currentmineral resources, the issuer is not treating the historical estimate as current mineral resourcesand the historical estimate should not be relied upon. This resource estimate is quoted from theTechnical Report on the Shotgun-Winchester Project, SW Alaska. 7 March 2008 and is availableon Sedar, www.sedar.com. 8. Shotgun Project, Alaska 4 mineralized target areas 96 mineral claims (3,658 ha) Elevation: 200 850mExploration Drilling History25 kmPROSPECTCOMPANY YEAR DRILLINGCamp (m)Shotgun RidgeCominco1984,88226NovaGold19983,107TNR Gold20067622012814ShotTNR Gold2005301KingTNR Gold2005145WinchesterTNR Gold200553520061,1187,008 9. Shotgun Project, AlaskaGeology Predominantly underlain byCretaceous sediments of theKuskokwim Group25 km Granite to syenite intrusive bodiesintruded the Kuskokwim Group Some of these intrusions appear to bedirectly related to gold mineralization north-south oriented string of goldprospectsRidges that are resistant to weatheringare indicative of alteration centers andare the Prime Exploration Targets 10. Shotgun Ridge 2006 Drill Program 06-43 @ 102m 27.4m of 2.3 g/t Au TNRs drill hole 2006-43 returns 210m of 1.29g/t Au, including 27.4m of 2.3 g/t Au Drilling reveals a model of Southwest dipping mineralized zones New potential to significantly expand mineralization at depth 11. 2011: 3D IP/Resistivity Survey 3D Modelled Resistivity50m below surface 06-43 @ 102m100m 27.4m of 2.3 g/t Au In 2011, TNR conducted a 3D IP and Resistivity survey over the Shotgun Ridge prospect Results were able to map structural controls on mineralization in 3D, through the ridge These interpretations provided a basis for 2012 drill targeting 12. Shotgun Ridge 2012 Drilling on 3D IP Location of 2012 drill holes relative to DDH 06-43 Drill holes plotted in sliced section through semitransparent 3D IP voxel50m40m 100m 12-56 06-4312-57 12-58OPEN 2012 drilling designed to test and confirm structural model of mineralization along strike and at depth mineralization remains open at depth Resistivity and chargeability jointly correlate with gold mineralization 13. Shotgun Ridge 2012 Drilling ProgramNE-Zone Mid-Zone SW-Zone22m of 2.86 g/t Au27.4m of 2.3 g/t Au DDH 12-56 drilled 50m northwest of 06-43 12-56 returns 242m of 1.25g/t Au, including 22.1m of 2.86 g/t Au Grade continuity is confirmed between two previous fences 14. Shotgun Ridge 2012 Drilling Program NE-Zone Mid-Zone SW-Zone22m of 2.86 g/t Au27.4m of 2.3 g/t Au18.4m of 2.03 g/t Au DDH 12-57 and 12-58 drilled 40m south-southwest of 06-43 12-57 returns 209m of 1.02g/t Au over all three zones (SW+Mid+NE) 12-58 returns 46.55m of 1.14 g/t Au over the SW zone 15. Shotgun Ridge 2012 IP Surveys100m Mineralization in 12-56 shows good correlation with chargeability Higher gold grades encountered in Quartz-Feldspar-Porphyry (QFP) Mineralization is shallow and open at depth (ie topographic effect) 16. Shotgun Ridge 2012 IP SurveysSW Zone ?NE Zone Mineralization in 12-57 shows NE Zone continuing down-dip in structure defined by IP 12-58 shows elevated gold grades encountered down-dip in SW Zone Mineralization is open at depth relative chargeability low shows much more potential 17. Shotgun Ridge Expanded Target Area3D IP/Resistivity surveys Kuskokwim Sedimentsexpand the target area atShotgun Ridge Zone of mineralization andhistoric resource estimate(0.98 Moz @ 0.93g/t)(Historical resource predates NI 43-101) Mineralization mostly in Qtz-Qtz-feldspar porphyry feldspar porphyry (QFP)1500m Generalized Geology at Shotgun Ridge 18. Shotgun Ridge Expanded Target Area3D IP/Resistivity surveys Kuskokwim Sedimentsexpand the target area atShotgun Ridge Zone of mineralization andhistoric resource estimate Mineralization mostly in Qtz-feldspar porphyry (QFP)Qtz-feldspar porphyry 3D IP shows higherchargeabilities in QFP Elevated chargeabilities1500mconnected at depth Generalized Geology at Shotgun Ridge Significant potential to addto gold resource 3D IP level plan at 600m elevation 19. Shotgun Ridge Understanding TargetsTargets are defined by Kuskokwim Sedimentsstructural interpretation and ?3D IP surveys NE trending structures w/strike slip movement Mineralization mostly in QFPbreccia zones, sub parallelto ridge topographyQtz-feldspar porphyry ? Structural repetitioninterpreted from geophysics1500m Opportunity to significantlyexpand resource Generalized Geology at Shotgun Ridge Mineralization open at depth 3D IP level plan at 600m elevation 20. Shotgun Ridge Understanding TargetsTargets are defined by Kuskokwim Sedimentsstructural interpretation and ?3D IP surveys NE trending structures w/strike slip movement Mineralization mostly in QFPbreccia zones, sub parallelto ridge topographyQtz-feldspar porphyry ? Structural repetitioninterpreted from geophysics1500m Opportunity to significantlyexpand resource Generalized Geology at Shotgun Ridge Mineralization open at depth Regional Magnetic Image 21. Shotgun Project, AlaskaCamp Scale Opportunity Shotgun Ridge is just one of multiplegold target areas25 km Gold mineralization identified at eachprospect: Shot, King, and Winchester This group of prospects forms adistinct gold district held 100% by TNR Surface geochemistry identifiesmultiple gold anomalies with noknown source Poor outcrop limited prospectingefforts in the past IP surveys identify mineralized areas 22. SummaryDiscovery and Early Exploration 1998 mineralization is interpreted to have a cap or inverted bowl shape 2006 mineralization reinterpreted as structurally controlled with deep feeders Structurally controlled Southwest Dipping Mineralized Zones identified IP and resistivity surveys highlight gold mineralized breccias (hornfelsed sedimentsand porphyritic intrusive) 2012 drill program designed to test predictability of mineralized zones Mineralization model confirmedWay Forward Advanced Exploration and Resource Definition1. Acquire strategic partner to jointly advance project2. Ensure stakeholders are informed on project developments, and maintain best practises for community relations and involvement3. Design significant drill program to define full resource potential (multi-million oz)4. Explore potential of other target areas (Shot, King, and Winchester) 23. Contact Information Address Caroline Klukowski P.O. Box 11604 Manager, Corporate Communications 620 - 650 West Georgia St. Vancouver, British Columbia V6B 4N9, Canada E-mail: ck@tnrgoldcorp.comPhone: (604) 687-7551Gary SchellenbergFax: (604) 687-4670 President Toll Free: 1-800-667-4470E-mail: info@tnrgoldcorp.com E-mail: cmggary@gmail.com 24. DisclaimerThe TSX Venture Exchange has not reviewed and does not acceptresponsibility for the adequacy or accuracy of this presentation. Statements inthis presentation other than purely