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 July 6
th, 2015. A copy of the full ECR news release may be obtained from www.ecrminerals.com
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The trenching was completed during May and June 2015 and comprised 13 trenches totalling 430.6m. Mineralised intervals from the trenching are presented in Table 1 below.
In addition, 12 test pits were excavated in areas too steep or otherwise inaccessible for trenching. Further assay results in respect of various trenches and all test pits are pending.
HIGHLIGHTS
* Mineralised intervals from trenching (apparent width) include:
60m at 2.43 g/t gold in TR09 (includes interval of 42m at 2.54 g/t gold announced 18 June 2015)
28.6m at 3.61 g/t gold in TR09 (separate and additional to the interval above)
18m at 1.71 g/t gold in TR05
59m at 1.32 g/t gold in TR05
10m at 1.39 g/t gold in TR02
* Very high grades encountered in TR09 including:
1m at 16.74 g/t gold from 10m
1m at 42.29 g/t gold from 28m
1m at 79.67 g/t gold from 84m
Stephen Clayson, Chief Executive Officer of ECR, commented:
“These encouraging results provide further positive indications as to the potential of the supergene enriched oxide gold blanket which occurs from surface in the main prospect area at Itogon, and we look forward to receiving and reporting the remainder of the assay results from the trenching and test pitting programme.
Work at the project during July 2015 is expected to focus on formulating a cohesive geological model for the purposes of the planned resource estimate and accompanying NI43-101 technical report. The Directors anticipate that this report will be completed during September 2015.
This work will include efforts to better understand the controls on the very high grade mineralisation encountered in TR09 and in earlier phases of sampling, as well as in the reverse circulation drilling carried out in 2014.”
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TABLE 1: MINERALISED INTERVALS |
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ECR TRENCHING PROGRAMME 2015 |
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ITOGON GOLD PROJECT, PHILIPPINES |
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Trench ID |
From |
To |
Width |
Average Grade |
Including |
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(m) |
(g/t Au) |
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TR02 |
0 |
10 |
10 |
1.39 |
4m at 1.73 g/t from 0m, 2m at 1.67 g/t from 8m |
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Trench ID |
From |
To |
Width |
Average Grade |
Including |
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(m) |
(g/t Au) |
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TR05 |
0 |
59 |
59 |
1.32 |
4m at 1.39 g/t from 4m; 4m at 1.40 g/t from 20m; 4m at 1.33 g/t from 24m; 4m at 1.50 g/t from 28m; 5m at 1.83 g/t from 36m; 1m at 1.22 g/t from 41m; 1m at 1.76 g/t from 42m; 1m at 3.83 g/t from 43m; 1m at 4.62 g/t from 44m; 1m at 1.57 g/t from 45m; 1m at 1.11 g/t from 46m; 1m at 4.32 g/t from 48m; 1m at 2.18 g/t from 49m; 1m at 1.32 g/t from 50m; 1m at 2.01 g/t from 51m; 1m at 2.07 g/t from 57m; 1m at 1.47 g/t from 58m |
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Trench ID |
From |
To |
Width |
Average Grade |
Including |
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(m) |
(g/t Au) |
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TR07 |
5 |
6 |
1 |
0.45 |
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17 |
20 |
3 |
0.77 |
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25 |
28 |
3 |
0.71 |
1m at 1.44 g/t from 25m |
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31 |
35 |
4 |
0.77 |
1m at 1.80 g/t from 33m |
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37 |
38 |
1 |
0.39 |
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43 |
47 |
4 |
0.90 |
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Trench ID |
From |
To |
Width |
Average Grade |
Including |
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(m) |
(g/t Au) |
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TR07A |
0 |
8 |
8 |
0.94 |
4m at 1.74 g/t from 4m |
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Trench ID |
From |
To |
Width |
Average Grade |
Including |
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(m) |
(g/t Au) |
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TR08 |
2 |
10 |
8 |
0.48 |
1m at 1.11 g/t from 9m |
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12 |
15 |
3 |
0.43 |
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24 |
26 |
2 |
0.47 |
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Trench ID |
From |
To |
Width |
Average Grade |
Including |
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(m) |
(g/t Au) |
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TR09 |
1 |
61 |
60 |
2.43 |
1m at 5.33 g/t from 2m; 1m at 2.34 g/t from 7m; 1m at 16.74 g/t from 10m; 1m at 1.14 g/t from 13m; 1m at 2.44 g/t from 18m; 1m at 1.18 g/t from 21m; 1m at 1.21 g/t from 25m; 1m at 42.29 g/t from 28m; 1m at 8.78 g/t from 29m; 1m at 1.32 g/t from 31m; 1m at 4.51 g/t from 34m; 1m at 5.11 g/t from 40m; 1m at 1.24 g/t from 41m; 1m at 2.32 g/t from 47m; 1m at 1.60 g/t from 48; 1m at 1.23 g/t from 49m; 1m at 2.27 g/t from 52m; 4m at 6.81 g/t from 53m |
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TR09 |
69 |
97.6 |
28.6 |
3.61 |
2m at 1.23 g/t from 77m; 1m at 1.15 g/t from 79m; 1m at 2.78 g/t from 81m; 1m at 79.67 g/t from 84m; 2.6m at 1.07 g/t from 95m |
NB:
Mineralised intervals were calculated as weighted averages using a cut-off grade of 0.30 g/t gold and a maximum of 1m internal dilution. As a result certain reported intervals contain discrete higher grade intervals that are separated by lower grade mineralisation. In these cases the grade of each single sample which exceeded 1.00 g/t gold has been reported separately. No top cut has been applied in calculating mineralised intervals. All widths given in this announcement are apparent width.
A map pertaining to the exploration results reported today may be viewed at: http://www.ecrminerals.com/itogon-drill-holes-trenching-test-pitting
QA/QC
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. Sampling was carried out under geological supervision. Upon arrival at Intertek samples were sorted, dried (if necessary), crushed, split and pulverised. The method of analysis for gold was fire assay (50g charge) with AAS finish.
QA/QC measures including the use of certified 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. Assay values have been expressed in this news release as g/t gold but are received from Intertek expressed as ppm gold. For the purposes hereof ppm gold and g/t can be considered equivalent.
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QUALIFIED PERSON
Dr Chris Wilson PhD, a Fellow (Chartered Professional - Geology) in good standing of The Australasian Institute of Mining and Metallurgy (“AusIMM”) and a Fellow of the Society of Economic Geologists (“SEG”), 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.
Dr Wilson’s standing and membership designation with respect to AusIMM and the SEG, 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. Dr Wilson, through Exploration Alliance SA, is an independent geological consultant to ECR and has no other relationship of any kind with ECR. Dr Wilson has no relationship of any kind with Tiger International.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Patric Barry, President, Tiger International Resources, at (949) 362.1600 or by email to 26981@att.net