-- Posted Tuesday, 17 January 2012 | | Disqus
January 17, 2012: Northern Tiger Resources Inc. (“Northern Tiger” or the “Company”) (NTR: TSX-V, NTGSF.PK) is pleased to announce that assays have been received for the final nine diamond drill holes from the 2011 drilling campaign at the 3Ace Property in the southeast Yukon. The current results extend the Main Zone an additional 50 metres along strike to the North and continue to demonstrate the zone’s strong down-dip continuity. Key results from the nine holes being reported include:
· 3A-11-19 – 1.18 g/t gold over 31.7 metres
· 3A-11-33 – 2.58 g/t gold over 53.0 metres, including 17.72 g/t over 2.0 metres
· 3A-11-34 – 4.37 g/t over 10.0 metres and 70.11 g/t over 1.1 metres
“The strong results from the first major drill program have confirmed 3Ace as one of the Yukon’s significant new gold discoveries,” says Greg Hayes, President of Northern Tiger. “We are eagerly anticipating the upcoming 2012 exploration season to both expand the Main Zone mineralization, and to further evaluate the kilometres of gold-in-soil anomalies that remain to be drill tested.”
Main Zone Hole 3A-11-35 was a 50 metre step out to the north of Hole 3A-11-14, and also intersected two zones of significant gold mineralization (Hole 3A-11-14 returned assays of 4.95 g/t gold over 7.2 metres and 0.59 g/t gold over 27.0 metres – see news release dated September 26, 2011). Holes 3A-11-19, 31, and 33, were steeper holes drilled from existing pads and Hole 3A-11-34 was a 25 meter step-back hole. All four of these holes intercepted significant gold mineralization and continue to demonstrate the down-dip continuity of the Main Zone. The drilled strike length of the Main Zone is now 220 metres, and it remains open along strike to the north and down-dip.
Two scout holes from a single set up were drilled in the North Zone. Visible gold was observed in Hole 3ANZ-11-01; however, the drill core split sample sent to the lab assayed only 0.4 g/t gold. No significant assays were returned from the second North Zone hole. Two scout holes were also drilled from a single set-up at the Road Showing, intersecting a number of narrow zones of relatively low-grade gold mineralization.
Maps showing drill hole locations, intercepts and cross-sections will be posted on the Company’s website at www.northern-tiger.com.
Significant intercepts include:
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 metallic screen 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.
Northern Tiger Resources Inc. (NTR: TSX-V) 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.
For further information please contact:
Greg Hayes, President and CEO
info@northern-tiger.com
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 Tuesday, 17 January 2012 | Digg This Article
| Source: GoldSeek.com
