-- Posted Thursday, 1 December 2011 | | Disqus
EDMONTON, ALBERTA--(Marketwire - Dec. 1, 2011) - Northern Tiger Resources Inc. ("Northern Tiger" or the "Company") (TSX VENTURE:NTR, NTGSF.PK) is pleased to announce that all results have been received from the 2011 soil geochemistry survey at the 3Ace Property in the southeast Yukon. A new 1,500 metre by 250 metre gold-in-soil anomaly (the Kaiser trend) has been identified, and the Green Zone East target has been expanded to 1,250 metres by 500 metres. A number of gold-in-soil anomalies at 3Ace have been traced directly to proximal outcrops of quartz pebble conglomerate containing gold-bearing quartz veins, and soil sampling is considered to be a primary exploration tool on the property. The new Kaiser trend and expanded Green Zone East thus represent important new exploration targets. A map showing the new anomalies is available on the Company's website at www.northern-tiger.com.
"The expansion of our soil grids successfully defined two additional kilometre-scale gold anomalies at 3Ace," says Greg Hayes, President of Northern Tiger. "The delineation of the Green Zone East and Kaiser gold-in-soil trends represent a substantial expansion of our mineralized footprint, and provides additional evidence that 3Ace hosts a significant new gold system."
A total of 4,112 soil samples, covering 106 line kilometers, were collected at 3Ace in 2011. Au concentrations from the survey ranged from less than 0.005 g/t to 2.0 g/t, including 431 samples in excess of 0.050 g/t gold and 197 samples in excess of 0.100 g/t gold. The 3Ace Property is underlain by interbedded successions of quartz pebble conglomerate (QPC), sandstone, and black shale of the Hyland Group Yusezyu Formation. Although the stratigraphy is affected by regional folds, it generally forms a moderately north-dipping homoclinal structure on the property. The earlier fold structures are cross-cut by mineralised late brittle faults that have north, northeast, and northwest trends. The 2011 soil survey identified large areas of prospective QPC stratigraphy and brittle fault structures that are prospective for structurally controlled gold-bearing quartz veins.
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 soil samples were analyzed by Inspectorate America Corporation of Richmond, British Columbia using 30 gram fire assay and 50-element, 4-acid ICP analysis.
Northern Tiger Resources Inc. (TSX VENTURE:NTR) 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.
-- Posted Thursday, 1 December 2011 | Digg This Article
| Source: GoldSeek.com
