Mr. Gary Schellenberg reports
MINERA ANDES UPDATES PRELIMINARY ASSESSMENT FOR LOS AZULES PROJECT
TNR Gold Corp. has become aware of a news release issued by Minera Andes Inc. on Dec. 16, 2010, disclosing results of an updated preliminary assessment at Los Azules project.
As most recently disclosed by the company in a Stockwatch press release of Nov. 4, 2010, the company is involved in a legal dispute with MAI regarding TNR's interest in the project. As a result, a qualified person of TNR (within the meaning of National Instrument 43-101) has not been able to verify the information disclosed by MAI, and, thus, such information should not be relied upon by TNR shareholders.
Los Azules project is an advanced exploration project in Argentina. TNR's wholly owned subsidiary, Solitario Argentina SA, has served notice exercising its 25-per-cent back-in right to certain of the properties comprising the project. Solitario's right to back into the properties is the subject of a lawsuit filed by Minera Andes, and the terms of the back-in right are the subject of litigation between Solitario and Xstrata.
The company encourages interested parties to review the amended statement of defence and counterclaim in their entirety on its website for a better understating of its position.
We seek Safe Harbor.
I hope they do seek "safe harbor" because this ship is a sailing!!!
Broke out