Laguna Hills, California (FSCwire) - TIGER INTERNATIONAL RESOURCES, INC. (TGR.V) is pleased to draw attention to the news release made today by ECR Minerals plc, an excerpt of which is provided below. ECR is a British company listed on the London AIM. A copy of the full ECR news release may be viewed at www.ecrminerals.com
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LONDON: 1 MAY 2015 - ECR Minerals plc is pleased to provide the following update on activities at the Itogon gold project in the Philippines and the SLM gold project in Argentina.
ITOGON GOLD PROJECT, PHILIPPINES
Further to the Company’s news release dated 17 April 2015, the diamond drilling programme which commenced at Itogon in January 2015 has now been completed. As previously stated, the results of the drilling will be announced when assay results for all six holes in the programme have been received and processed. This is expected to be during May 2015.
A programme of trenching has been designed for the main prospect area at Itogon and is planned to commence during May 2015. The trenches are planned to be up to 5m deep and are intended to expose certain of the larger mapped quartz vein structures and other interpreted mineralised zones, including supergene zones, in the main prospect area. Each trench will be mapped and sampled in order to obtain additional information regarding the geology and gold grades in the zones exposed.
If successful, the trenching is expected to enable a near surface inferred resource to be estimated for the main prospect area, on the basis of the results of drilling completed to date in combination with the results of the trenching. Estimation of resources in the measured and indicated categories, which represent higher levels of confidence, would require additional drilling. Trenching may be carried out in two phases so as to allow the effectiveness of the technique to be evaluated, with the second phase and any resource estimation being subject to this evaluation.
Also planned to commence during May 2015 is a detailed topographical survey of the main prospect area at Itogon using an unmanned aerial vehicle (UAV). The resulting data is expected to be used in resource estimation.
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Patric Barry, President of Tiger International Resources, comments: “We are pleased with the progress and the results shown at the Itogon Gold and Silver Project, but in compliance with Canadian Regulators, we caution about relying on the portion of the ECR statement that reflects that an estimation of an inferred resource is expected to be estimated. While we have confidence in the project, Securities Rules do not permit a prediction of a resource unless authorized by a “Qualified Person” as outlined in National Instrument 43-101. While it is reasonable to anticipate that a QP will reflect this confidence when the drilling results are announced, we caution investors to not rely on that portion of the ECR statement, which is published here for clarity.”
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 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/TigerMay12015.pdf
Source: Tiger International Resources Inc. (TSX Venture:TGR)
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