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Tiger samples 79.67 g/t Au over one m at Itogon

2015-07-06 11:18 ET - News Release

Mr. Patric Barry reports

POSITIVE TRENCHING RESULTS FROM ITOGON GOLD PROJECT, PHILIPPINES

Tiger International Resources Inc. is providing the following update on activities at the Itogon gold project, 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 text below is excerpted from a news release by ECR made July 6, 2015. A copy of the full ECR news release may be obtained from ECR Minerals' website.

Excerpt begins

The trenching was completed during May and June, 2015, and comprised 13 trenches totalling 430.6 metres. Mineralized intervals from the trenching are presented in an attached table.

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:

  • Mineralized intervals from trenching (apparent width) include:
    • 60 m at 2.43 grams per tonne gold in TR09 (includes interval of 42 m at 2.54 g/t gold announced on June 18, 2015);
    • 28.6 m at 3.61 g/t gold in TR09 (separate and additional to the interval above);
    • 18 m at 1.71 g/t gold in TR05;
    • 59 m at 1.32 g/t gold in TR05;
    • 10 m at 1.39 g/t gold in TR02;
  • Very high grades encountered in TR09 including:
    • One m at 16.74 g/t gold from 10 m;
    • One m at 42.29 g/t gold from 28 m;
    • One m at 79.67 g/t gold from 84 m.

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 program.

"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 NI 43-101 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 mineralization encountered in TR09 and in earlier phases of sampling, as well as in the reverse circulation drilling carried out in 2014."

                                        MINERALIZED INTERVALS
                                     ECR TRENCHING PROGRAM 2015 
                                  ITOGON GOLD PROJECT, PHILIPPINES
 
Trench ID  From    To  Width  Average grade  Including
                         (m)       (g/t Au)

TR02          0    10     10           1.39  Four m at 1.73 g/t from zero m; two m at 1.67 g/t from eight m
TR05          0    59     59           1.32  Four m at 1.39 g/t from four m; four m at 1.40 g/t from 20 m;
                                             four m at 1.33 g/t from 24 m; four m at 1.50 g/t from 28 m; 
                                             five m at 1.83 g/t from 36 m; one m at 1.22 g/t from 41 m; 
                                             one m at 1.76 g/t from 42 m; one m at 3.83 g/t from 43 m; 
                                             one m at 4.62 g/t from 44 m; one m at 1.57 g/t from 45 m; 
                                             one m at 1.11 g/t from 46 m; one m at 4.32 g/t from 48 m; 
                                             one m at 2.18 g/t from 49 m; one m at 1.32 g/t from 50 m; 
                                             one m at 2.01 g/t from 51 m; one m at 2.07 g/t from 57 m; 
                                             one m at 1.47 g/t from 58 m
TR07          5     6      1           0.45
             17    20      3           0.77
             25    28      3           0.71  One m at 1.44 g/t from 25 m
             31    35      4           0.77  One m at 1.80 g/t from 33 m
             37    38      1           0.39
             43    47      4           0.90
TR07A         0     8      8           0.94  Four m at 1.74 g/t from four m
TR08          2    10      8           0.48  One m at 1.11 g/t from nine m
             12    15      3           0.43
             24    26      2           0.47
TR09          1    61     60           2.43  One m at 5.33 g/t from two m; one m at 2.34 g/t from seven m; 
                                             one m at 16.74 g/t from 10 m; one m at 1.14 g/t from 13 m; 
                                             one m at 2.44 g/t from 18 m; one m at 1.18 g/t from 21 m; 
                                             one m at 1.21 g/t from 25 m; one m at 42.29 g/t from 28 m; 
                                             one m at 8.78 g/t from 29 m; one m at 1.32 g/t from 31 m; 
                                             one m at 4.51 g/t from 34 m; one m at 5.11 g/t from 40 m; 
                                             one m at 1.24 g/t from 41 m; one m at 2.32 g/t from 47 m; 
                                             one m at 1.60 g/t from 48; one m at 1.23 g/t from 49 m; 
                                             one m at 2.27 g/t from 52 m; four m at 6.81 g/t from 53 m
TR09         69  97.6   28.6           3.61  Two m at 1.23 g/t from 77 m; one m at 1.15 g/t from 79 m; 
                                             one m at 2.78 g/t from 81 m; one m at 79.67 g/t from 84 m; 
                                             2.6 m at 1.07 g/t from 95 m

Note

Mineralized intervals were calculated as weighted averages using a cut-off grade of 0.30 g/t gold and a maximum of one m internal dilution. As a result, certain reported intervals contain discrete higher-grade intervals that are separated by lower-grade mineralization. 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 mineralized intervals. All widths given in this announcement are apparent widths.

A map pertaining to the exploration results reported today may be viewed at ECR Minerals' website.

Quality assurance/quality control

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. Sampling was carried out under geological supervision. Upon arrival at Intertek, samples were sorted, dried (if necessary), crushed, split and pulverized. The method of analysis for gold was fire assay (50-gram charge) with AAS (atomic absorption spectroscopy) 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 are 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 parts per million gold. For the purposes hereof, ppm gold and g/t can be considered equivalent.

Excerpt ends

Qualified person

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 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.

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 mineralization 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.

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