Northern Tiger Resources Reports Additional Assay Results at 3Ace Property, Yukon Intersects 3.15 g/t Over 27.9 Metres, Inclu...
20 December 2011 - 9:30PM
Marketwired Canada
Northern Tiger Resources Inc. ("Northern Tiger" or the "Company") (TSX
VENTURE:NTR) is pleased to announce that assays have been received for an
additional twelve diamond drill holes from the 3Ace Property in the southeast
Yukon. Assays have now been reported for 20 of the 29 holes completed to depth
in the 2011 drill campaign. Assays are pending for five additional Main Zone
holes and for two scout holes at each of the North Zone and the road showing
prospects.
Key results from the twelve holes being reported include:
-- 3A-11-18 - 1.25 g/t gold over 30.5 metres, including 3.11 g/t gold over
6.8 metres
-- 3A-11-28 - 1.15 g/t over 23.0 metres, including 6.45 g/t over 1.0 metre
-- 3A-11-32 - 3.15 g/t over 27.9 metres, including 45.22 g/t over 1.3
metres
"Drilling continues to demonstrate the continuity of the Main Zone," says Greg
Hayes, President of Northern Tiger. "We have also observed visible gold in six
of the seventeen Main Zone holes reported so far this year - an encouraging
indicator of the strength of the mineralizing system at 3Ace."
Main Zone Holes 3A-11-18, 28 and 32 are step-back holes, and all three holes
intercepted significant gold mineralization and continue to demonstrate the
down-dip continuity of the Main Zone. Hole 3A-11-20a is an in-fill hole that
also intersected the mineralized zone. Hole 3A-11-21 was drilled roughly
parallel to the strike of the mineralized structure, primarily to obtain
additional information on the geometry of the Main Zone stratigraphy. Hole
3A-11-24a, a 50 metre step out to the south of Hole 3A-10-02, did not intercept
any significant mineralization, and the Main Zone is interpreted to be either
off-set or terminated by a fault at this location. The Main Zone continues to be
open along strike to the north and down-dip.
Six scout holes from three separate set-ups tested a small portion of the Green
Zone West geochemical anomaly. All six holes intercepted narrow zones of
relatively low-grade gold mineralization. The Green Zone West mineralization
intercepted in these initial drill holes does not adequately explain the scale
and tenor of the soil anomaly and further drill testing is warranted.
Maps showing drill hole locations and intercepts will be posted on the Company's
website at www.northern-tiger.com.
Significant intercepts include:
Interval Width Gold
Hole # Dip Azimuth Zone (m) (m) (g/t)
----------------------------------------------------------------------------
3A-11-18 -60 degrees 270 degrees Main 97.8 - 99.0 1.2 7.50
108.0 - 109.6 1.6 3.64
145.0 - 175.5 30.5 1.25
Including 168.7 - 175.5 6.8 3.11
279.0 - 281.0 2.0 1.87
3A-11-20a -60 degrees 270 degrees Main 99.0 - 115.3 16.3 0.52
136.2 - 138.0 1.8 0.65
3A-11-21 -60 degrees 190 degrees Main 70.0 - 72.0 2.0 0.58
92.7 - 94.7 2.0 1.09
119.2 - 125.0 5.8 0.68
182.5 - 183.5 1.0 0.68
3A-11-24a -65 degrees 270 degrees Main No significant intercepts
3A-11-28 -60 degrees 270 degrees Main 48.4 - 50.5 2.1 0.59
89.0 - 112.0 23.0 1.15
Including 101.0 - 102.0 1.0 6.45
Including 107.4 - 108.5 1.0 4.87
130.0 - 132.0 2.0 2.16
147.3 - 149.0 1.7 2.70
222.0 - 226.9 4.9 0.78
3A-11-32 -60 degrees 270 degrees Main 87.1 - 115.0 27.9 3.15
Including 100.1 - 101.4 1.3 45.22
Including 110.0 - 111.0 1.0 12.76
123.0 - 128.4 5.4 0.57
189.0 - 191.5 2.5 0.63
238.0 - 239.0 1.0 2.05
3A-11-22 -60 degrees 245 degrees Green 48.6 - 50.6 2.0 0.72
3A-11-23 -75 degrees 245 degrees Green 155.2 - 157.9 2.7 3.00
3A-11-25 -85 degrees 245 degrees Green 147.2 - 150.0 2.8 0.83
3A-11-26 -60 degrees 160 degrees Green 13.5 - 15.0 1.5 0.81
3A-11-27 -75 degrees 160 degrees Green 296.2 - 301.3 5.1 0.62
3A-11-30 -75 degrees 160 degrees Green 97.0 - 98.3 1.3 0.64
360.0 - 361.0 1.0 0.61
Notes:
Holes 3A-11-20 and 3A-11-24 were lost due to difficult ground condition.
The holes were steepened and re-drilled as 3A-11-20a and 3A-11-24a. Hole
3A-11-29 was lost due to difficult ground conditions and was not re-
drilled.
Reported intersections are drilled thicknesses, as true widths have not yet
been determined.
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. (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.
(TSXV:NTR)
Historical Stock Chart
From May 2024 to Jun 2024
(TSXV:NTR)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about (TSX Venture Exchange): 0 recent articles
More Northern Tiger Resources Inc. News Articles