-- Posted Thursday, 8 September 2011 | | Disqus
EDMONTON, ALBERTA--(Marketwire - Sept. 8, 2011) - Northern Tiger Resources Inc. ("Northern Tiger" or the "Company") (TSX VENTURE:NTR, NTGSF.PK) is pleased to announce that an extensive silt survey program on its 3Ace and Sprogge projects has identified multiple new prospective gold target areas. A total of 12 new drainages returned significantly anomalous gold in silt values in excess of 35 ppb (90(th) percentile) up to 113 ppb.
"The Company's exploration effort to-date has focused on a relatively small core area - covering only 2% of the 225 km2 land package," says Greg Hayes, President of Northern Tiger. "The strong results of this silt survey demonstrate that the 3Ace/Sprogge properties are very prospective for additional gold discoveries."
A total of 420 silt samples were collected over the 225 km(2) 3Ace and Sprogge properties. Twelve new drainages (outside of the core mineralized zones already being explored by the Company) produced significantly anomalous gold in silt results (greater than 35 ppb or 90(th) percentile of the Company's property dataset). These samples also exceed the 98(th) percentile (18 ppb) of samples taken in the Yusezyu Formation by the Yukon Government's Selwyn Basin regional stream sediment survey. A map showing the silt anomalies will be posted on the Company's website at www.northern-tiger.com.
Initial follow-up prospecting on four of these drainages has already led to one new copper showing and two new quartz vein showings (one bedrock and one in talus float). The new quartz vein showings consist of abundant quartz veining in quartz pebble conglomerate with accompanying disseminated arsenopyrite - similar to mineralization being explored in the Main and Green Zones. Assay results from these showings are pending.
This News Release has been reviewed and approved by Dennis Ouellette, B.Sc., P.Geol., a Qualified Person as defined by NI 43-101. Silt samples were analyzed by Inspectorate America Corporation of Richmond, British Columbia, using a 30-gram fire assay, and a 50-element ICP with aqua regia digestion analysis.
Northern Tiger Resources Inc. (TSX VENTURE:NTR, NTGSF.PK) is a Canadian-based resource exploration company focused on gold and copper exploration in the Yukon. The company has a portfolio of gold and copper focused projects in the Yukon, including 3Ace (high-grade gold discovery made in 2010), 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 Resources Inc.
President and CEO
info@northern-tiger.com
www.northern-tiger.com
-- Posted Thursday, 8 September 2011 | Digg This Article
| Source: GoldSeek.com
