Tiger operator drills 439.5 m at Itogon to date
Tiger operator drills 439.5 m at Itogon to date
2015-03-12 12:11 ET - News Release
Mr. Patric Barry reports
UPDATE ON EXPLORATION AT ITOGON GOLD PROJECT
Tiger International Resources Inc. has provided the following update on activities at the Itogon gold project in the Philippines.
The Itogon project is 100 per cent 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-per-cent interest in the Itogon project and is currently the operator of the project through Cordillera Tiger. The following is excerpted from a news release by ECR on March 12, 2015. A copy of the full ECR news release may be obtained from the ECR website.
EXCERPT BEGINS
Progress of drilling
Three diamond drill holes (EDD001, EDD002 and EDD003) have been completed since the current drilling program commenced on Jan. 22, 2015. A fourth hole, EDD004, is more than three-quarters complete.
EDD004 did not form part of the program as initially planned and as announced by the company on Dec. 22, 2014, but has been designed subsequently to follow up positive indications from the logging of core from EDD002.
Following completion of EDD004, the drill rig will be moved to the ERC002 drill pad. There, it is planned that the rig will attempt to extend ERC002 and intercept a structure that was intercepted at depth by EDD002 and that is thought to be of geological significance.
ERC002 is a 150-metre reverse circulation (RC) hole drilled in April, 2014, as part of ECR's first drilling program at Itogon. ERC002 returned wide intercepts at depth (15 metres at 3.29 grams per tonne gold from 82 metres, with two metres at 18.25 grams per tonne gold from 92 metres, and 17 metres at 1.57 grams per tonne gold from 101 metres, with three metres at 5.45 grams per tonne gold from 103 metres).
Excluding EDD004, 439.5 metres has been drilled to date in the current program, as summarized in the attached table. The target depth of EDD004 is 120 metres. The company therefore remains well within its budgeted number of metres for this program (990 metres).
2015 DIAMOND DRILLING AT ITOGON GOLD PROJECT, PHILIPPINES, HOLES COMPLETED TO MARCH 12, 2015 Hole ID Plan ID* Depth EDD001 Plan 001 206.3 m EDD002 Plan 025 112 m EDD003 Plan 015 121.2 m EDD004 n/a Target 120 m * Refers to designation in ECR's announcement dated Dec. 22, 2014
Decisions regarding further drilling in the current program will be made on the basis of evolving geological interpretations and assay results as they become available.
Core samples from EDD001 and EDD002 are at ECR's chosen independent laboratory for analysis. Core samples from EDD003 will be dispatched to the laboratory shortly.
Images of the current drilling program at Itogon may be viewed at the ECR website.
Channel sampling results
A vein striking approximately northwest and dipping approximately 45 degrees to the southwest was exposed in the preparation of the EDD002 drill pad. The vein was sampled over 10 metres of strike using six one-metre channel samples, each two metres apart.
Assay results from the six channel samples are reported in the attached table. The directors of ECR consider the grades to be encouraging.
FEBRUARY, 2015, CHANNEL SAMPLING ON EDD002 DRILL PAD, ITOGON GOLD PROJECT, PHILIPPINES From To Apparent width Grade (m) (m) (m) (g/t gold) 0 1 1 2.97 0 1 1 0.61 0 1 1 1.63 0 1 1 0.93 0 1 1 14.62 0 1 1 7.83
Stephen Clayson, chief executive officer of ECR, commented: "Today's announcement is intended to keep shareholders up to date with progress at Itogon, and I hope illustrates the great effort being focused on the current drilling program to ensure that maximum effect is obtained. We look forward to reporting material results of drilling when they are available."
Quality assurance/quality control
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 analyzed by Intertek Testing Services Philippines Inc., an internationally accredited independent analytical laboratory in Metro Manila.
Upon arrival at Intertek, samples were sorted, dried, crushed and split, and a fraction was pulverized. The method of analysis for gold was fire assay (50-gram charge) with AAS finish.
Quality assurance/quality control measures, including the use of blanks and standards, were implemented by Intertek in relation to the analysis of the samples. The assay data reported are considered acceptable in the context of these measures.
Assay values have been expressed in this announcement as grams per tonne gold but are received from the laboratory expressed as parts per million gold. For the purposes hereof, parts per million gold and grams per tonne gold can be considered equivalent.
EXCERPT ENDS
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 program 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 that are relevant to the style of mineralization and type of deposit under consideration at the Itogon project, and to the activity that he is undertaking in relation thereto, enable him to qualify for the purposes of this news release as a qualified person as defined in 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.
© 2015 Canjex Publishing Ltd. All rights reserved.