Northern Tiger Resources Channel Samples 132.91 g/t Gold Over 6.9 Metres Along Strike on New Sleeping Giant Zone Discovery - ...
08 August 2012 - 8:30PM
Marketwired Canada
Northern Tiger Resources Inc. ("Northern Tiger" or the "Company") (TSX
VENTURE:NTR) is pleased to announce that channel sampling on a newly exposed
quartz vein exposure in the Sleeping Giant Zone has confirmed the high-grade
nature of the gold mineralization previously reported from chip sampling (eleven
continuous one metre chip samples taken along the strike of the new vein
exposure returned a weighted average of 50.3 g/t gold - see new release dated
July 31, 2012). Seven separate continuous channel samples totalling 32 metres
now test the entire 25 metre exposed strike length of the vein, and include
132.91 g/t gold over 6.9 metres.
"We are pleased that the channel samples, a more robust sampling method, have
confirmed and even improved upon the results of the initial chip sampling of
this new discovery, and now look forward to receiving results from the drill
testing of the zone," says Greg Hayes, President of Northern Tiger.
The new high-grade vein segment is exposed for 25 metres along strike, and is
estimated to be 3 metres wide (the attitude of the vein and related topography
made it impractical to trench the vein across strike). A map and photo of the
vein will be posted on the Company's website at www.northern-tiger.com.
Additional trenching has also been completed on other Sleeping Giant vein
segments, and channel samples have been completed on these new exposures as
well. The trenching has also provided additional structural information, and it
was determined that drilling completed in 2010 may not have adequately tested
the zone (results up to 1.5 g/t gold over 11.9 metres - see news release dated
November 25, 2010). As a result, the drill rig was redirected to the Sleeping
Giant Zone, and seven holes (366 metres) have been completed with assays
pending.
The Sleeping Giant Zone is interpreted to be a series of overlapping (en
echelon) massive quartz veins hosted in a shear zone located one kilometre east
of the Main Zone where 2011 drilling returned results up to 4.6 g/t gold over
35.0 metres, including 106.2 g/t gold over 1.0 metre (see news release dated
October 25, 2011). Individual vein segments, combined with halos of silicified
wall rock and quartz stockwork, are up to 25 metres in width. The northeast
striking veins are hosted in a north-south striking mineralized trend exposed in
an area 125 metres wide by 300 metres long. The Sleeping Giant Zone appears to
be structurally similar to the Main Zone, but is exposed over a larger area.
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. 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.
----------------------------------------------------------------------------
Sleeping Giant Zone - Trench 1 Channel Samples(i)
----------------------------------------------------------------------------
Continuous Weighted Average
Individual Gold Assays Chip Length Gold Assay
----------------------------------------------------------------------------
Channel #1 1.37 g/t over 1.0m 2.4 metres 2.57 g/t
1.13 g/t over 0.7m
6.00 g/t over 0.7m
----------------------------------------------------------------------------
Channel #2 1.03 g/t over 1.0m 6.6 metres 25.58 g/t
0.73 g/t over 0.3m
0.06 g/t over 0.4m
0.61 g/t over 1.1m
12.11 g/t over 1.0m
15.05 g/t over 1.0m
10.98 g/t over 1.0m
159.73 g/t over 0.8m
----------------------------------------------------------------------------
Channel #3 137.76 g/t over 1.0m 3.4 metres 156.09 g/t
487.89 g/t over 0.6m
106.98 g/t over 0.8m
2.23 g/t over 1.0m
----------------------------------------------------------------------------
Channel #4 21.73 g/t over 0.9m 4.4 metres 92.62 g/t
334.92 g/t over 1.0m
20.29 g/t over 1.1m
1.75 g/t over 0.4m
8.91 g/t over 1.0m
----------------------------------------------------------------------------
Channel #5 6.68 g/t over 1.1m 3.1 metres 25.95 g/t
22.15 g/t over 0.9m
46.34 g/t over 1.1m
----------------------------------------------------------------------------
Channel #6 246.19 g/t over 1.1m 5.2 metres 448.92 g/t
1,881.79 g/t over 1.0m
112.19 g/t over 0.9m
14.33 g/t over 1.0m
19.99 g/t over 1.2m
----------------------------------------------------------------------------
Channel #7 29.67 g/t over 1.0m 6.9 metres 132.91 g/t
46.41 g/t over 1.1m
7.71 g/t over 1.0m
8.97 g/t over 0.9m
611.12 g/t over 1.3m
35.00 g/t over 0.7m
1.73 g/t over 0.9m
----------------------------------------------------------------------------
32.0 metres 139.13 g/t
-----------------------------------
-----------------------------------
(i) Channel samples were taken along the exposed strike of the quartz vein,
and are unlikely to represent the averages which would be obtained from
samples perpendicular to strike or from drill holes penetrating the
vein.
Northern Tiger Resources Inc. (TSX VENTURE:NTR) is a Canadian-based resource
exploration company focused on gold and copper exploration in the Yukon, where
it has a strong portfolio of projects. Drilling in 2011 intersected 4.6 g/t gold
over 35.0 metres (including 106.2 g/t gold over 1.0 metre) at the Company's
flagship 3Ace Project in southeast Yukon. The Sonora Gulch copper-gold-silver
porphyry project in central Yukon also returned significant drill results in
2011, including 0.45 g/t gold and 3.0 g/t silver over 234.0 metres.
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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