Northern Tiger Resources Reports Final 2011 Drill Results at 3Ace Property, Yukon
17 January 2012 - 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 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:
Width Gold
Hole # Dip Azimuth Zone Interval (m) (m) (g/t)
----------------------------------------------------------------------------
-75
3A-11-19 degrees 270 degrees Main 127.8 - 140.0 12.2 0.54
202.8 - 250.6 47.8 0.88
Including 218.9 - 250.6 31.7 1.18
275.8 - 277.7 1.9 0.60
-75
3A-11-31 degrees 270 degrees Main 72.6 - 82.0 9.4 0.45
116.0 - 136.5 20.5 0.75
232.0 - 234.0 2.0 1.38
319.2 - 320.8 1.6 0.53
-80
3A-11-33 degrees 190 degrees Main 98.0 - 100.0 2.0 0.57
130.0 - 183.0 53.0 2.58
Including 136.7 - 138.0 1.3 15.85
Including 155.0 - 157.0 2.0 17.72
Including 175.5 - 179.5 4.0 8.62
-80
3A-11-34 degrees 270 degrees Main 138.0 - 148.0 10.0 4.37
Including 141.9 - 144.0 2.1 14.32
166.0 - 180.0 14.0 0.67
198.0 - 199.1 1.1 70.11
232.4 - 246.0 13.6 0.65
-80
3A-11-35 degrees 270 degrees Main 87.0 - 111.5 24.5 0.91
Including 95.6 - 96.5 0.9 7.80
Including 110.5 - 111.5 1.0 6.88
127.7 - 137.5 9.8 0.42
-60
3ANZ-11-01 degrees 160 degrees North Zone 38.5 - 39.0 0.5 0.4
-75 No significant
3ANZ-11-02 degrees 160 degrees North Zone intercepts
-60
3ARS-11-01 degrees 270 degrees Road Showing 48.0 - 49.0 1.0 0.76
-75
3ARS-11-02 degrees 270 degrees Road Showing 66.5 - 67.5 1.0 0.61
71.5 - 72.5 1.0 0.45
Reported intersections are drilled thicknesses, as true widths
Note: 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.
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