TNR Gold reports 100% ownership Iliamna

- September 2nd, 2008

TNR Gold and Geocom Resources reports that they have with BHP Billiton completed the transfer of ownership of Iliamna from BHPB to TNR. Under the Assignment Agreement, BHPB has agreed to transfer their ownership of Iliamna, a 30% undivided interest under the Property Agreement, such that TNR and GOCM shall hold 100% legal title to the Property. The Iliamna … Continued

TNR Gold and Geocom Resources reports that they have with BHP Billiton completed the transfer of ownership of Iliamna from BHPB to TNR.

Under the Assignment Agreement, BHPB has agreed to transfer their ownership of Iliamna, a 30% undivided interest under the Property Agreement, such that TNR and GOCM shall hold 100% legal title to the Property.
The Iliamna property is a claim in Alaska covering 412 sq km of land approximately 100km from the highly-visible Pebble deposit held by Northern Dynasty Minerals Ltd. The Pebble deposit contains an indicated mineral resource of 31 million ounces of gold and 18.8 billion pounds of copper, making it one of the world’s largest deposits of its kind. Initial target definition at Pebble occurred in areas covered by glacial overburden and/or Tertiary volcanic rocks, as is the case at the Iliamna Project.

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