Northern Tiger Exploration Update –New Gold Targets Identified at 3Ace
posted on
Aug 31, 2011 06:37PM
Northern Tiger Resources Inc. TSX VENTURE : NTR |
August 31, 2011 18:28 ET
EDMONTON, ALBERTA--(Marketwire - Aug. 31, 2011) - Northern Tiger Resources Inc. ("Northern Tiger" or the "Company") (TSX VENTURE:NTR) is pleased to provide an exploration update on its 2011 Yukon exploration program. A new bedrock gold occurrence has been discovered at the 3Ace property and a significant new mineralized trend has also been identified on the adjacent Sprogge property. Drilling is complete at the Sonora Gulch project in the Dawson Range (2,649 metres in 9 holes), and two drills are now turning at the 3Ace property in southeast Yukon. Both drill programs were designed to follow up high-grade gold drill discoveries made in 2010. Surface exploration programs were completed at a number of Northern Tiger's other properties and are on-going at the 3Ace-Sprogge property.
"Our Sonora Gulch drill program is complete and a second drill is now turning at 3Ace," says Greg Hayes, President of Northern Tiger. "Successful prospecting efforts at 3Ace and Sprogge continue to expand the extent of known mineralization. A late spring thaw delayed the start of drilling and the sheer volume of exploration work in the Yukon is significantly affecting lab turnaround times, but we anticipate being able to start reporting drill results in the near future."
3Ace and Sprogge Projects
Surface exploration and drilling commenced at the end of June at the contiguous 3Ace and Sprogge properties, which now cover in excess of 225 km2. A total of 3,788 metres of diamond drilling has been completed to date in the Main Zone at the 3Ace property where two diamond drill holes in 2010 intersected significant gold mineralization (including 4.3 g/t gold over 30.3 metres and 14.8 g/t gold over 10.9 metres - see news release dated November 4, 2010). Drilling has intersected significant folding and faulting resulting in challenging drilling conditions and a number of holes not being completed to target depths. To compensate for the lower than anticipated drilling production to-date, a second drill was mobilized to the property and is currently drilling on Green Zone West (a 1,000 metre by 500 metre anomaly averaging 115 ppb gold-in-soils). Both rigs will continue working until the onset of winter weather makes drilling impractical.
In addition to the drilling, the following work is completed or underway at the 3Ace and Sprogge properties:
Sonora Gulch Project
Drilling at Sonora Gulch started on June 13th, and was completed on July 8th. Nine diamond drill holes were completed totalling 2,649 metres. The focus of the 2011 drill program was the Gold Vein Zone – a 1.4 kilometre long geochemical anomaly averaging 161 ppb gold-in-soils. A single drill hole testing the anomaly in 2010 returned a discovery intercept of 7.6 g/t gold and 155.5 g/t silver over 6.0 metres (see news release dated October 28, 2010). In addition, key holes from Sonora Gulch were re-logged to facilitate a comprehensive modelling of the Sonora Gulch data obtained to-date.
Other Yukon Properties
Additional surface exploration programs consisting of prospecting, sampling, mapping and geophysical surveys were conducted at other Yukon properties, including:
This News Release has been reviewed and approved by Dennis Ouellette, B.Sc., P.Geol., a Qualified Person as defined by National Instrument 43-101. 3Ace and Sprogge rock samples were analyzed by Inspectorate America Corporation of Richmond, British Columbia using 50 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 rapidly developing Yukon. The company has an impressive portfolio of gold and copper focused projects in the Yukon, including 3Ace, 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.