Nov 26 2010
Northern Tiger Resources Inc. (TSX VENTURE:NTR) has announced that all assay results from the 9-hole, 1,240-metre diamond drill program at the 3Ace Property in the southeast Yukon have been received.
In addition to the previously announced discovery holes in the Main Zone (including intercepts of 4.3 g/t gold over 30.3 metres and 14.8 g/t gold over 10.9 metres - see news release dated November 4, 2010), five of six holes collared in the Sleeping Giant Zone intersected significant mineralized structures, including:
"Management is very pleased with the results of our initial exploration season at 3Ace. We outlined a number of compelling high grade gold targets in an area covering in excess of four square kilometres and drilled the first significant discovery holes in this area of the Yukon" says Greg Hayes, President of Northern Tiger. "We have substantially increased our land package, and believe these results warrant a much larger exploration and drill program in 2011."
Six holes totaling 941 metres were collared at the Sleeping Giant Zone, with two holes collared at each of three sites at dips of -55° and -70° respectively, along a 180-metre portion of the known strike length of the zone. Holes 3A-10-04 and 3A-10-05, collared towards its southern limit, targeted the projected downdip extension of surface visible gold mineralization discovered earlier in 2010. Both holes returned auriferous intercepts at the expected target depths, including visible gold in Hole 3A-10-04, confirming the downdip extension of the zone.
Hole 3A-10-04 also returned an 11.9-m intercept from 120.7 – 132.6m, which included a 1.9-metre intercept grading 3.48 g/t gold (Au). This intercept, discovered from drilling and not yet located on surface, represents a new mineralized structure in the Sleeping Giant Zone area.
Holes 3A-10-06 and 3A-10-07, collared roughly 130 metres north-northwest, targeted the downdip extension of an area of high grade gold from surface chip sampling including 11.34 g/t across 6.0 metres. Both holes intersected the Sleeping Giant Vein. Hole 3A-10-06 returned a value of 0.98 g/t Au across the 5.6-metre vein intercept. Although Hole 3A-10-07 intersected the zone from 38.0 to 43.7m, it returned only moderately anomalous values, to a maximum of 0.50 g/t Au across 2.0m.
Hole 3A-10-06 also returned an auriferous zone returning 0.50 g/t Au across 10.8 metres, from 113.5 to 124.3m. This is roughly consistent with the new zone encountered in Hole 3A-10-04, which has not been identified on surface.
Holes 3A-10-08 and 3A-10-09 were collared about 60 metres northwest of Holes 3A-10-06 and 3A-10-07, on the west side of the vein, and drilled to the southeast. Hole 3A-10-08 intersected the vein from 45.55 to 52.5m, returning only moderately anomalous values to 0.30 g/t across 1.5m, although a higher grade intercept of 2.16 g/t Au across 1.2m was returned from 34.4 to 35.6m. Although no significant intercepts were returned from Hole 3A-10-09, numerous anomalous gold values were returned from several intercepts throughout the hole.
This drilling program revealed that the Sleeping Giant consistently occurs as a very gently east-dipping zone roughly six metres in width along the 180-metre drilled portion of its strike extent. Results of metallic screen fire assay (MSFA) analysis and of duplicate core sampling revealed that a strong "coarse gold" effect exists. Drill results, combined with surface sampling, also suggest that high grade gold mineralization may be specific to certain portions of the zone. Further detailed structural analysis, combining results from detailed surface mapping and core logging, are planned to improve the understanding of the structural controls of the Sleeping Giant Zone, as well as other significant gold zones within the 3Ace property.
This News Release has been reviewed and approved by Carl Schulze, B.Sc., P.Geol., the Qualified Person as defined by NI 43-101. All rock and drill core samples were analyzed by Inspectorate America Corporation of Richmond, British Columbia using 50 gram fire assay and 50-element, 4-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 screen metallic 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.
Source: Northern Tiger Resources Inc.