-- Posted Wednesday, 22 June 2011 | | Disqus
EDMONTON, ALBERTA--(Marketwire - June 22, 2011) - Northern Tiger Resources Inc. ("Northern Tiger" or the "Company") (TSX VENTURE:NTR, NTGSF.PK) is pleased to provide an update on its planned $7.2 million Yukon exploration programs (see news release dated May 3, 2011). The 2011 exploration programs are designed to follow up high-grade gold drill discoveries made in 2010 at both the 3Ace and Sonora Gulch projects.
Drilling at Sonora Gulch commenced last week. The primary focus of this 2,500 metre diamond drill program will be on the Gold Vein Zone - a 1.4 kilometre long geochemical anomaly averaging 161 ppb gold-in-soils. A single drill hole testing the anomaly in 2010 returned a discovery intercept of 7.6 g/t gold and 155.5 g/t silver over 6.0 metres (see news release dated October 28, 2010).
Construction of the new camp at 3Ace is now advanced and the drill crew is mobilizing to the property this week. The 10,000 metre drill program will focus on the Main Zone, where two diamond drill holes have already intersected significant gold mineralization (including 4.3 g/t gold over 30.3 metres and 14.8 g/t gold over 10.9 metres - see news release dated November 4, 2010), and on Green Zone West (a 1,000 metre by 500 metre anomaly averaging 115 ppb gold-in-soils). Up to five additional targets on 3Ace and the adjoining Sprogge Property will also see preliminary drill testing this year.
"Our Yukon exploration program is well underway, although the late spring melt has caused some delays," says Greg Hayes, President of Northern Tiger. "We were able to compensate by getting the drill turning early at Sonora Gulch and completing some additional regional exploration work earlier in the season. With the drill crew mobilizing to 3Ace, we will soon have drills turning on two Yukon properties with significant gold discovery potential."
This News Release has been reviewed and approved by Dennis Ouellette, B.Sc., P.Geol., a Qualified Person as defined by National Instrument 43-101.
Northern Tiger Resources Inc. (NTR: TSX-V) is a Canadian-based resource exploration company focused on gold and copper exploration in the rapidly developing Yukon. The company has an impressive portfolio of gold and copper focused projects in the Yukon, including 3Ace (with a new high-grade gold discovery), Sprogge, Sonora Gulch and five properties prospective for Minto-style high-grade copper mineralization. Through its exploration alliance with Capstone Mining Corp.'s wholly owned subsidiary, Minto Explorations Ltd., Northern Tiger benefits from a wide range of experience, knowledge and capabilities from early exploration to mine production.
This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, "best-efforts" financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Greg Hayes
Northern Tiger
President and CEO
info@northern-tiger.com
