Laguna Hills, Ca., Jan 18 2019 (Stockhouse Publishing) -- Patric Barry, President of Tiger International Resources, (TSXV:TGR, XOTC:TGILF) reports:
We previously reported that Tiger International formed a Wyoming subsidiary company named Darling Resources Inc. and applied for eight claims which encompass the Darling Mine in Southern Arizona. The business plan was not focused on typical exploration underground, but to examine the abundant tailings that surround the ancient workings of the mine. The claims applications were received by the BLM, fees paid, and processing is pending.
When the area was mined about a hundred years ago the miners worked quartz veins for gold and silver, and took high grade rock, leaving large quantities of lower grade rock scattered or in a ravine. Tiger’s plan is to gather and transport the tailings and to process ithem using modern methods, typically crushing and heap leaching, and testing for grade of mineralization. The expectation is that grades of recoverable gold, silver and rare earths will sustain a low-cost processing program sourced from the tailings. Tiger also hopes to learn from the Bureau of Land Management (BLM) if there are unclaimed reclamation bonds, and to apply for federal grants that are available for reclamation of ancient mining properties. The Federal Government shutdown has delayed these investigations since the BLM is affected by the shutdown.
The prior announcement identified that an agreement had been signed with an operator named Craig Wiit, sharing profits 85% Tiger and 15% operator. It seems that Mr. Wiit is not able to proceed so Tiger plans to cancel the agreement with Mr Wiit and Tiger will serve as the operator. As this is achieved we will advise our shareholders through news updates.
Tiger International Resources is listed on the TSX Venture Board and is an active resource exploration and development company. Any questions may be directed to Patric Barry, President, at (949) 362.1600