Positive Results From Phase 4 Channel Sampling at Itogon Gold Project, Philippines
(FSCwire) - TIGER INTERNATIONAL RESOURCES, INC. (TGR.V) is pleased to provide the following update on activities at the Itogon gold project, Philippines.
The Itogon project is 100% held by Tiger International’s Philippine subsidiary Cordillera Tiger Gold Resources, Inc. (“Cordillera Tiger”) under an exploration permit granted by the Philippine government.
ECR Minerals plc (“ECR”) of London, United Kingdom has the right to earn a 50% interest in the Itogon project and is currently the operator of the project, through Cordillera Tiger. The text below is excerpted from a news release by ECR made September 26th, 2014.
HIGHLIGHTS
* Intercepts from phase 4 channel sampling at Itogon include, at surface, 28m averaging 3.11g/t gold (channel MP-52), 20m averaging 1.15g/t gold (channel MP-54) and 12m averaging 2.08g/t gold (channel MP-69)
* Reconnaissance mapping and sampling is to planned to commence during October 2014 on ridges to the north-east and south-west of the main prospect area
* Drilling is expected to recommence at Itogon during Q4 2014 (as previously announced)
Stephen Clayson, Chief Executive Officer of ECR, commented:
“The results of channel sampling at Itogon continue to indicate a significant epithermal vein system with widespread surface expressions, and it is our belief that continued exploration will prove very rewarding.
During the course of the year so far ECR has mapped and channel sampled numerous outcrops which do not appear to have been identified historically, including, with reference to the maps that accompany this news release, those represented by mapping points MP-20 to 21 and MP-38 to 40, the discovery of which has increased the known extent of mineralisation in the main prospect area.
Phase 4 channel sampling focused primarily on the westernmost identified vein zones in the central part of the main prospect area. As with prior phases, a number of impressively consistent mineralised intercepts were obtained, as detailed in Table 1 below.
Reconnaissance mapping and sampling is planned to commence during October 2014 on the ridges situated immediately to the north-east and south-west of and running sub-parallel with the ridge comprising the main prospect area, and is intended to identify any further surface expressions of the main epithermal system along with any other mineralisation of interest.”
| Table 1: Phase 4 Channel Sampling Itogon Gold Project, Philippines Apparent Widths and Average Grades |
| Mapping Point | From m | To m | Apparent Width m | Average Grade g/t Au |
| Surface channel samples |
| MP-50 | 0.0 | 8.0 | 8.0 | 0.08 |
| | | | | |
| MP-51 | 0.0 | 8.0 | 8.0 | 1.56 |
| inc. | 0.0 | 2.0 | 2.0 | 1.63 |
| inc. | 2.0 | 4.0 | 2.0 | 2.26 |
| inc. | 4.0 | 6.0 | 2.0 | 1.16 |
| inc. | 6.0 | 8.0 | 2.0 | 1.18 |
| | | | | |
| MP-52 | 0.0 | 28.0 | 28.0 | 3.11 |
| inc. | 0.0 | 2.0 | 2.0 | 2.34 |
| inc. | 2.0 | 4.0 | 2.0 | 6.02 |
| inc. | 4.0 | 6.0 | 2.0 | 1.05 |
| inc. | 8.0 | 10.0 | 2.0 | 1.98 |
| inc. | 10.0 | 12.0 | 2.0 | 1.03 |
| inc. | 14.0 | 16.0 | 2.0 | 1.04 |
| inc. | 16.0 | 18.0 | 2.0 | 4.86 |
| inc. | 18.0 | 20.0 | 2.0 | 4.07 |
| inc. | 20.0 | 22.0 | 2.0 | 6.01 |
| inc. | 22.0 | 24.0 | 2.0 | 3.08 |
| inc. | 24.0 | 26.0 | 2.0 | 2.45 |
| inc. | 26.0 | 28.0 | 2.0 | 8.40 |
| | | | | |
| MP-53 | 0.0 | 4.0 | 4.0 | 0.26 |
| | | | | |
| MP-54 | 0.0 | 20.0 | 20.0 | 1.15 |
| inc. | 0.0 | 2.0 | 2.0 | 1.51 |
| inc. | 12.0 | 14.0 | 2.0 | 4.84 |
| | | | | |
| MP-55 | 0.0 | 38.0 | 38.0 | 0.24 |
| MP-56 | 0.0 | 1.5 | 1.5 | 2.32 |
| MP-57 | 0.0 | 1.5 | 1.5 | 7.82 |
| MP-58 | 0.0 | 1.5 | 1.5 | 0.18 |
| MP-59 | 0.0 | 11.0 | 11.0 | 0.45 |
| MP-60 | 0.0 | 1.7 | 1.7 | 0.82 |
| MP-61 | 0.0 | 4.0 | 4.0 | 0.32 |
| | | | | |
| MP-62 | 0.0 | 6.0 | 6.0 | 1.85 |
| inc. | 2.0 | 4.0 | 2.0 | 1.24 |
| inc. | 4.0 | 6.0 | 2.0 | 3.56 |
| | | | | |
| MP-63 | 0.0 | 2.0 | 2.0 | 0.37 |
| MP-64 | 0.0 | 2.0 | 2.0 | 0.15 |
| MP-65 | 0.0 | 2.0 | 2.0 | 0.60 |
| MP-66 | 0.0 | 2.0 | 2.0 | 0.33 |
| MP-67 | 0.0 | 2.0 | 2.0 | 1.81 |
| MP-68 | 0.0 | 1.5 | 1.5 | 4.72 |
| | | | | |
| MP-69 | 0.0 | 12.0 | 12.0 | 2.08 |
| inc. | 0.0 | 2.0 | 2.0 | 2.45 |
| inc. | 2.0 | 4.0 | 2.0 | 2.08 |
| inc. | 6.0 | 8.0 | 2.0 | 3.22 |
| inc. | 8.0 | 10.0 | 2.0 | 3.28 |
A set of maps relating to the sampling results disclosed in this news release may be viewed at: http://www.ecrminerals.com/Itogon-channel-sampling-phases-1to4
The maps are for illustration only and should not be relied upon for technical purposes.
Geological mapping highlighted altered, mineralised and/or intensely oxidised occurrences for channel sampling, in some cases following trenching.
Where channels comprised multiple samples, Table 1 discloses the weighted average gold grade for the length of each channel and the grades of any individual samples which exceeded 1 g/t gold. No top or lower cut-off has been applied in calculating weighted averages.
Phase 4 channel sampling at the Itogon project comprised a total of 80 samples (excluding QA/QC samples), each representing a channel length of between 1.3m and 2.0m, and representing an aggregate channel length of 156.7m. Intercepts are given as apparent widths.
Assay values have been expressed in this news release as g/t (grams per tonne) gold but are received from the laboratory expressed as ppm (parts per million) gold. For the purposes hereof ppm gold and g/t can be considered equivalent.
QA/QC
Sampling was carried out under geological supervision. A secure chain of custody was maintained in the transport and storage of all samples, which were shipped to and analysed by Intertek Testing Services Philippines, Inc. (“Intertek”), an internationally accredited independent analytical laboratory in Metro Manila. Upon arrival at Intertek samples were sorted, dried, crushed, split, and a fraction was pulverised. The method of analysis for gold was fire assay (50g charge) with AAS finish.
QA/QC measures including the use of blanks and standards were implemented by ECR and separately by Intertek in relation to the analysis of the samples. The assay data reported is considered acceptable in the context of these measures.
QUALIFIED PERSON
Andrew Tunningley, a Member (Chartered Professional - Geology) in good standing of The Australasian Institute of Mining and Metallurgy (“AusIMM”), is responsible for the work programme being implemented on the Itogon project by ECR and has supervised the preparation of (and in doing so has verified) and approved all technical information contained in this news release.
Mr Tunningley’s standing and membership designation with respect to AusIMM, and the nature and extent of his experience which is relevant to the style of mineralisation and type of deposit under consideration at the Itogon project and to the activity which he is undertaking in relation thereto, enable him to qualify for the purposes of this news release as a Qualified Person as defined in Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr Tunningley is an independent geological consultant to ECR and has no other relationship of any kind with ECR. Mr Tunningley has no relationship of any kind with Tiger International.
ABOUT THE ITOGON PROJECT
Exploration by ECR to date, including reverse circulation (RC) drilling completed in April 2014, indicates that gold mineralisation in the main prospect area at the Itogon project is hosted by generally north-west trending, south-west dipping to subvertical epithermal veins, with a subordinate set of generally north-east trending veins. ECR’s drilling has confirmed mineralisation over a strike length of 400m and a vertical extent of 250m, open along strike and down dip. The width of the overall mineralised zone at surface, demonstrated by channel sampling, is up to 250m (notwithstanding sections between vein zones which may be unmineralised).
The epithermal veins are composed of grey and white, saccharoidal and vuggy quartz with associated clay, calcite, pyrite, galena, sphalerite, chalcopyrite, and vein breccia, hosted by moderately to strongly oxidised and argillised medium grained diorite. Individual veins rarely exceed 1m wide and tend to occur as approximately 0.2m wide, closely spaced, sheeted veins within the altered zones. Establishing the continuity of the vein zones between intercepts at surface, in underground workings and by drilling is an important exploration objective.
The highest gold grades are typically associated with multiple narrow, 1-2m wide occurrences of sheeted quartz veins and quartz vein breccia, with a mineralised selvedge grading approximately 0.30g/t gold or higher associated with these structures.
ABOUT TIGER INTERNATIONAL
Tiger International is a Canadian resource exploration and development company. The Itogon gold project is located in an established gold mining district known as the Baguio Gold Belt on the island of Luzon in the north of the Philippines, and benefits from an extensive historical dataset.
The Itogon project is 100% held by Tiger International’s Philippine subsidiary Cordillera Tiger Gold Resources, Inc. under an exploration permit granted by the Philippine government.
ECR Minerals plc of London, United Kingdom has the right to earn a 50% interest in the Itogon project and is currently the operator of the project, through Tiger International’s Philippine subsidiary Cordillera Tiger.
FOR FURTHER INFORMATION PLEASE CONTACT:
Patric Barry, President, Tiger International Resources, at (949) 362.1600 or by email to 26981@att.net
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/TigerSept292014_0.pdf Source: Tiger International Resources Inc. (TSX Venture:TGR)
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