-- Posted Monday, 26 September 2011 | | Disqus
Northern Tiger Resources Inc (C:NTR)
Shares Issued 98,906,363
Last Close 9/23/2011 $0.28
Monday September 26 2011 - News Release
Mr. Greg Hayes reports
NORTHERN TIGER RESOURCES REPORTS ASSAY RESULTS AT 3ACE PROPERTY, YUKON INTERSECTS 3.75 G/T OVER 13.2 METRES AND 13.81 G/T OVER 2.4 METRES
Northern Tiger Resources Inc. has now received assays for four diamond drill holes at the 3Ace property in the southeast Yukon. Assays are pending for an additional 18 holes and two drills are still turning on the property. These initial assay results confirm that the high-grade Main Zone continues to depth and has a minimum strike length of 160 metres. It is open along strike in both directions and down dip.
"This is the first significant drill program at 3Ace, and we are very pleased with the continuity of the Main Zone observed to-date," says Greg Hayes, President of Northern Tiger. "A strong nugget effect is inherent in high grade vein systems, so assay grades are expected to be highly variable. In this type of system, it is very encouraging to see the zone has continuity and to have consistently hit gold mineralization. Work to-date has reinforced management's belief that 3Ace represents a significant new gold system with potential to host multiple deposits."
Significant intercepts from the first four holes include:
Hole 3A-11-10a is a 38 metre step-back from previously reported 3A-10-02 (dip = -55 degrees ; azimuth = 270 degrees ) which assayed 14.8 g/t gold over 10.9 metres, starting at 24.6 metres (see news release dated November 4, 2010). The gold intercept in Hole 3A-11-10a is part of a larger 29.4 metre zone of arsenopyrite mineralization (weighted average of 1,526 ppm arsenic).
Hole 3A-11-11 is a 28 metre step-back from previously reported 3A-10-01 (dip = -55 degrees ; azimuth = 270 degrees ) which assayed 4.3 g/t gold over 30.3 metres, starting at 49.1 metres (see news release dated November 4, 2010). Visible gold was observed in Hole 3A-11-11 at 82 metres depth (assaying 10.5 g/t over 2.4 metres). Visible gold was also observed at a depth of 128 metres, but sampling did not produce a significant gold assay.
Hole 3A-11-12 is a 25 metre step-out to the north of Hole 3A-10-01. Although the mineralized zone is relatively narrow in this hole, visual indications of mineralization from hole 3A-11-15a (a 31 metre step-back from 3A-11-12) suggest the mineralized zone expands at depth. Assays are pending for 3A-11-15a.
Hole 3A-11-14 is collared 75 metres north of Hole 3A-11-12 and is the most northerly hole drilled in the Main Zone - 160 metres north of the discovery outcrop. The drilling intersected three distinct zones of gold mineralization.
Maps showing the drill hole locations and intercepts will be posted on the Company's website at www.northern-tiger.com.
Geology
The 3Ace Property is underlain by coarse-grained quartz pebble conglomerate (QPC) interbedded with sandstone and black shale beds. Three distinct phases of folding and faulting have been identified on the 3Ace Property. Although these structural systems pre-date gold mineralization at 3Ace, they have provided important ground preparation and can act as pathways for mineralization. Gold mineralization at the Main Zone is hosted by steeply-dipping veins which form an en echelon array of fault segments that are linked by stockwork veins and breccia zones.
This News Release has been reviewed and approved by Dennis Ouellette, B.Sc., P.Geol., a Qualified Person as defined by NI 43-101. All rock and drill core samples were analyzed by Inspectorate America Corporation of Richmond, British Columbia using 50 gram fire assay and 50-element, 4-acid ICP analysis. Soil and silt samples were also analyzed by Inspectorate, using 30-gram fire assay analysis. When visible gold is noted in drill core samples or regular fire assay values appear abnormally high, the pulp and screen metallic assay method is used to determine the total gold content and gold contents of different size fractions. This is considered industry best practice when dealing with coarse gold mineralization where a nugget effect is suspected. This determination is accepted as the most representative value and is used in the assay database.
We seek Safe Harbor.
© 2011 Canjex Publishing Ltd.
-- Posted Monday, 26 September 2011 | Digg This Article
| Source: GoldSeek.com
