Here is your news......Northern Tiger Resources Announces Additional 3Ace DrillResults (ccnm)
EDMONTON, ALBERTA--(Marketwire - Nov. 25, 2010) - NorthernTiger Resources Inc. ("Northern Tiger" or the "Company") (TSX VENTURE:NTR) ispleased to announce that all assay results from the 9-hole, 1,240-metre diamonddrill program at the 3Ace Property in the southeast Yukon have been received. Inaddition to the previously announced discovery holes in the Main Zone (includingintercepts of 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), five of six holes collared in theSleeping Giant Zone intersected significant mineralized structures,including:
| Hole # |
Interval (m) |
|
Width (m) |
|
Gold (g/t) |
|
| 3A-10-04 |
15.7 – 22.2 |
|
6.5 |
|
1.35 |
|
|
Includes: |
15.7 – 16.7 |
|
1.0 |
|
5.05 |
|
|
120.7 – 132.6 |
|
11.9 |
|
1.51 |
|
|
Includes: |
120.7 – 122.6 |
|
1.9 |
|
3.48 |
|
| 3A-10-05 |
15.5 – 20.3 |
|
4.8 |
|
1.05 |
|
|
140.5 – 141.4 |
|
0.9 |
|
1.68 |
|
| 3A-10-06 |
42.6 – 48.2 |
|
5.6 |
|
0.98 |
|
|
113.5 – 124.3 |
|
10.8 |
|
0.50 |
|
| 3A-10-07 |
62.8 – 63.8 |
|
1.0 |
|
1.25 |
|
| 3A-10-08 |
34.4 – 35.6 |
|
1.2 |
|
2.16 |
|
"Management is very pleased with the results of our initial explorationseason at 3Ace. We outlined a number of compelling high grade gold targets in anarea covering in excess of four square kilometres and drilled the firstsignificant discovery holes in this area of the Yukon" says Greg Hayes,President of Northern Tiger. "We have substantially increased our land package,and believe these results warrant a much larger exploration and drill program in2011."
Six holes totaling 941 metres were collared at the Sleeping Giant Zone, withtwo holes collared at each of three sites at dips of -55° and -70° respectively,along a 180-metre portion of the known strike length of the zone. Holes 3A-10-04and 3A-10-05, collared towards its southern limit, targeted the projecteddowndip extension of surface visible gold mineralization discovered earlier in2010. Both holes returned auriferous intercepts at the expected target depths,including visible gold in Hole 3A-10-04, confirming the downdip extension of thezone.
Hole 3A-10-04 also returned an 11.9-m intercept from 120.7 – 132.6m, whichincluded a 1.9-metre intercept grading 3.48 g/t gold (Au). This intercept,discovered from drilling and not yet located on surface, represents a newmineralized structure in the Sleeping Giant Zone area.
Holes 3A-10-06 and 3A-10-07, collared roughly 130 metres north-northwest,targeted the downdip extension of an area of high grade gold from surface chipsampling including 11.34 g/t across 6.0 metres. Both holes intersected theSleeping Giant Vein. Hole 3A-10-06 returned a value of 0.98 g/t Au across the5.6-metre vein intercept. Although Hole 3A-10-07 intersected the zone from 38.0to 43.7m, it returned only moderately anomalous values, to a maximum of 0.50 g/tAu across 2.0m.
Hole 3A-10-06 also returned an auriferous zone returning 0.50 g/t Au across10.8 metres, from 113.5 to 124.3m. This is roughly consistent with the new zoneencountered in Hole 3A-10-04, which has not been identified on surface.
Holes 3A-10-08 and 3A-10-09 were collared about 60 metres northwest of Holes3A-10-06 and 3A-10-07, on the west side of the vein, and drilled to thesoutheast. Hole 3A-10-08 intersected the vein from 45.55 to 52.5m, returningonly moderately anomalous values to 0.30 g/t across 1.5m, although a highergrade intercept of 2.16 g/t Au across 1.2m was returned from 34.4 to 35.6m.Although no significant intercepts were returned from Hole 3A-10-09, numerousanomalous gold values were returned from several intercepts throughout thehole.
This drilling program revealed that the Sleeping Giant consistently occurs asa very gently east-dipping zone roughly six metres in width along the 180-metredrilled portion of its strike extent. Results of metallic screen fire assay(MSFA) analysis and of duplicate core sampling revealed that a strong "coarsegold" effect exists. Drill results, combined with surface sampling, also suggestthat high grade gold mineralization may be specific to certain portions of thezone. Further detailed structural analysis, combining results from detailedsurface mapping and core logging, are planned to improve the understanding ofthe structural controls of the Sleeping Giant Zone, as well as other significantgold zones within the 3Ace property.
A map showing the Sleeping Giant Zone drill hole locations and intercepts isavailable atwww.northern-tiger.com.
This News Release has been reviewed and approved by Carl Schulze, B.Sc.,P.Geol., the Qualified Person as defined by NI 43-101. All rock and drill coresamples were analyzed by Inspectorate America Corporation of Richmond, BritishColumbia using 50 gram fire assay and 50-element, 4-acid ICP analysis. Soil andsilt samples were also analyzed by Inspectorate, using 30-gram fire assayanalysis. When visible gold is noted in drill core samples or regular fire assayvalues appear abnormally high, the pulp and screen metallic assay method is usedto determine the total gold content and gold contents of different sizefractions. This is considered industry best practice when dealing with coarsegold mineralization where a nugget effect is suspected. This determination isaccepted as the most representative value and is used in the assay database.
Northern Tiger Resources Inc. is a Canadian-based resource explorationcompany focused on gold and copper exploration in the Yukon. Through itsexploration alliance with Capstone Mining Corp.'s wholly owned subsidiary, MintoExplorations 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, beingstatements which are not historical facts, including, without limitation,statements regarding potential mineralization, exploration results, resource orreserve estimates, anticipated production or results, sales, revenues, costs,"best-efforts" financings or discussions of future plans and objectives. Therecan be no assurance that such statements will prove accurate. Such statementsare necessarily based upon a number of estimates and assumptions that aresubject to numerous risks and uncertainties that could cause actual results andfuture events to differ materially from those anticipated or projected.Important factors that could cause actual results to differ materially from theCompany's expectations are in Company documents filed from time to time with theTSX Venture Exchange and provincial securities regulators, most of which areavailable at www.sedar.com.