03:14:09 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



Northern Tiger Resources Inc
Symbol NTR
Shares Issued 98,906,363
Close 2012-01-16 C$ 0.185
Market Cap C$ 18,297,677
Recent Sedar Documents

Northern Tiger drills 53 m of 2.58 g/t Au at 3Ace

2012-01-17 06:49 ET - News Release

Mr. Greg Hayes reports

NORTHERN TIGER RESOURCES REPORTS FINAL 2011 DRILL RESULTS AT 3ACE PROPERTY, YUKON

Northern Tiger Resources Inc. has received assays for the final nine diamond drill holes from the 2011 drilling campaign at the 3Ace property in the southeast Yukon. The current results extend the Main zone an additional 50 metres along strike to the north and continue to demonstrate the zone's strong downdip continuity. Key results from the nine holes being reported include:

  • 3A-11-19 -- 1.18 grams per tonne (g/t) gold over 31.7 metres;
  • 3A-11-33 -- 2.58 g/t gold over 53.0 metres, including 17.72 g/t over two metres;
  • 3A-11-34 -- 4.37 g/t over 10.0 metres and 70.11 g/t over 1.1 metres.

"The strong results from the first major drill program have confirmed 3Ace as one of the Yukon's significant new gold discoveries," says Greg Hayes, president of Northern Tiger. "We are eagerly anticipating the upcoming 2012 exploration season to both expand the Main zone mineralization and to further evaluate the kilometres of gold-in-soil anomalies that remain to be drill tested."

Main zone hole 3A-11-35 was a 50-metre step-out to the north of hole 3A-11-14, and also intersected two zones of significant gold mineralization (hole 3A-11-14 returned assays of 4.95 g/t gold over 7.2 metres and 0.59 g/t gold over 27.0 metres -- see news release dated Sept. 26, 2011). Holes 3A-11-19, 31 and 33 were steeper holes drilled from existing pads and hole 3A-11-34 was a 25-metre step-back hole. All four of these holes intercepted significant gold mineralization and continue to demonstrate the downdip continuity of the Main zone. The drilled strike length of the Main zone is now 220 metres, and it remains open along strike to the north and downdip.

Two scout holes from a single set-up were drilled in the North zone. Visible gold was observed in hole 3ANZ-11-01; however, the drill core split sample sent to the lab assayed only 0.4 g/t gold. No significant assays were returned from the second North zone hole. Two scout holes were also drilled from a single set-up at the Road showing, intersecting a number of narrow zones of relatively low-grade gold mineralization.

Maps showing drill hole locations, intercepts and cross-sections will be posted on the company's website.

             SIGNIFICANT INTERCEPTS

                                Width      Gold
Hole No.         Interval (m)     (m)     (g/t)

3A-11-19        127.8 - 140.0    12.2      0.54
                202.8 - 250.6    47.8      0.88
Including       218.9 - 250.6    31.7      1.18
                275.8 - 277.7     1.9      0.60
3A-11-31          72.6 - 82.0     9.4      0.45
                116.0 - 136.5    20.5      0.75
                232.0 - 234.0     2.0      1.38
                319.2 - 320.8     1.6      0.53
3A-11-33         98.0 - 100.0     2.0      0.57
                130.0 - 183.0    53.0      2.58
Including       136.7 - 138.0     1.3     15.85
Including       155.0 - 157.0     2.0     17.72
Including       175.5 - 179.5     4.0      8.62
3A-11-34        138.0 - 148.0    10.0      4.37
Including       141.9 - 144.0     2.1     14.32
                166.0 - 180.0    14.0      0.67
                198.0 - 199.1     1.1     70.11
                232.4 - 246.0    13.6      0.65
3A-11-35         87.0 - 111.5    24.5      0.91
Including         95.6 - 96.5     0.9      7.80
Including       110.5 - 111.5     1.0      6.88
                127.7 - 137.5     9.8      0.42
3ANZ-11-01        38.5 - 39.0     0.5       0.4
3ANZ-11-02            No significant intercepts
3ARS-11-01        48.0 - 49.0     1.0      0.76
3ARS-11-02        66.5 - 67.5     1.0      0.61
                  71.5 - 72.5     1.0      0.45
                                                                         
Note:       
Reported intersections are drilled thicknesses 
as true widths have not yet been determined.                                    

This news release has been reviewed and approved by Dennis Ouellette, BSc, PGeol, a qualified person as defined by National Instrument 43-101. All rock and drill core samples were analyzed by Inspectorate America Corp. of Richmond, B.C., using 50-gram fire assay and 50-element, four-acid ICP analysis. Soil and silt samples were also analyzed by Inspectorate, using 30-gram fire assay analysis. When visible gold is noted in drill core samples or regular fire assay values appear abnormally high, the pulp and metallic screen assay method is used to determine the total gold content and gold contents of different size fractions. This is considered industry best practice when dealing with coarse gold mineralization where a nugget effect is suspected. This determination is accepted as the most representative value and is used in the assay database.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.