Gold Stocks; Northern Tiger (TSX VENTURE:NTR) Announces Up to 82 g/t Gold from Sleeping Giant Zone Rock Sample - 3Ace Project, Yukon
EDMONTON, ALBERTA--(http://www.investorideas.com/ gold and mining stocks blog) - Sept. 23, 2010) - Northern Tiger Resources Inc. ("Northern Tiger" or the "Company") (TSX VENTURE:NTR) is pleased to announce that all results from rock and soil samples collected during the 2010 surface exploration program at the 3Ace Project in the southeast Yukon have been received and that the recently announced drill program is progressing well. Highlights from rock sampling of the quartz vein structures in the Sleeping Giant Zone include:
"These latest results reinforce our belief that 3Ace is hosting an extensive gold bearing system with high grade gold mineralization in multiple zones." says Greg Hayes, President of Northern Tiger. "Several visible gold occurrences in the Sleeping Giant Zone and an average gold grade of 4.2 g/t from the entire sample set of 87.6 metres of chip samples are very encouraging initial results for a zone of its apparent size. In addition to these encouraging chip sample results our geologists have outlined a large and robust gold-in-soil anomaly dubbed the Green Zone - further confirming our belief that the system is extensive and has potential for further discovery."
Sleeping Giant Zone
A total of 47 chip samples totalling 86.7 metres were collected from quartz vein material in the Sleeping Giant Zone. Individual chip sample assays ranged from 0.01 g/t gold over 2 metres to 43.67 g/t gold over 1.1 metres (sample previously reported). The Sleeping Giant is hosted in a shear zone and consists of a series of overlapping (en echelon) massive quartz vein segments, with individual segments up to 25 metres in width. The mineralized structure trends north-south and has been traced along strike for 300 metres before disappearing under overburden at both ends of the exposed extent. Northern Tiger plans to drill test the Sleeping Giant zone as soon as we complete our initial exploration holes at the Main Zone.
Green Zone
Results have also been returned from soil and rock sampling of the Green Zone. The 2010 soil sampling program focused on the western half of the zone. A total of 474 soil samples were collected, returning values from trace up to 2.58 g/t gold. A total of 91 samples returned values in excess of 100 ppb gold, and have outlined a large soil anomaly measuring approximately 400 metres by 1,000 metres.
A total of 136 grab and chip rock samples were also collected from the Green Zone, and gold values ranged from trace up to 66.52 g/t (from a grab sample) and 3.36 g/t (from a 1.0 metre chip sample). A total of 24 of the Green Zone rock samples returned values in excess of 1.0 g/t gold.
The Green Zone is a mineralized east-west trending structural corridor extending at least two kilometres in strike length. Disseminated and locally banded arsenopyrite occurs within veins and veinlets and in strongly altered and locally brecciated quartz-pebble conglomerate.
Additional 3Ace Results
In addition to the four named zones at the 3Ace Project, other highly anomalous rock or soil samples have highlighted a number of areas for additional exploration work, including gold values of:
A minimum 1,000 metre drill program (see news release dated September 21, 2010) is progressing well with 2 holes completed and another in progress. Drill core from the Main Zone is being moved to Whitehorse for sawing, sampling and shipping to an assay lab; results will be reported when available.
Sample location maps and a table of the Sleeping Giant continuous chip samples are available at www.northern-tiger.com.
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.
Northern Tiger Resources Inc. is a Canadian-based resource exploration company focused on gold and copper exploration in the Yukon. Through its exploration alliance with Capstone Mining Corp.'s wholly owned subsidiary, Minto Explorations Ltd., Northern Tiger benefits from a wide range of experience, knowledge and capabilities from early exploration to mine production.
This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, "best-efforts" financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com.
| • | 82.27 g/t gold from a rock grab sample | ||
| • | 11.34 g/t gold (weighted average) from a 6.0 metre continuous chip sample | ||
| • | 7.55 g/t gold (weighted average) from a 8.6 metre continuous chip sample | ||
| • | 6.78 g/t gold (weighted average) from a 6.0 metre continuous chip sample |
Sleeping Giant Zone
A total of 47 chip samples totalling 86.7 metres were collected from quartz vein material in the Sleeping Giant Zone. Individual chip sample assays ranged from 0.01 g/t gold over 2 metres to 43.67 g/t gold over 1.1 metres (sample previously reported). The Sleeping Giant is hosted in a shear zone and consists of a series of overlapping (en echelon) massive quartz vein segments, with individual segments up to 25 metres in width. The mineralized structure trends north-south and has been traced along strike for 300 metres before disappearing under overburden at both ends of the exposed extent. Northern Tiger plans to drill test the Sleeping Giant zone as soon as we complete our initial exploration holes at the Main Zone.
Green Zone
Results have also been returned from soil and rock sampling of the Green Zone. The 2010 soil sampling program focused on the western half of the zone. A total of 474 soil samples were collected, returning values from trace up to 2.58 g/t gold. A total of 91 samples returned values in excess of 100 ppb gold, and have outlined a large soil anomaly measuring approximately 400 metres by 1,000 metres.
A total of 136 grab and chip rock samples were also collected from the Green Zone, and gold values ranged from trace up to 66.52 g/t (from a grab sample) and 3.36 g/t (from a 1.0 metre chip sample). A total of 24 of the Green Zone rock samples returned values in excess of 1.0 g/t gold.
The Green Zone is a mineralized east-west trending structural corridor extending at least two kilometres in strike length. Disseminated and locally banded arsenopyrite occurs within veins and veinlets and in strongly altered and locally brecciated quartz-pebble conglomerate.
Additional 3Ace Results
In addition to the four named zones at the 3Ace Project, other highly anomalous rock or soil samples have highlighted a number of areas for additional exploration work, including gold values of:
| • | 22.89 g/t from a rock grab sample 900 metres south of the Green Zone | ||
| • | 15.54 g/t from a rock grab sample 400 metres south of the Green Zone | ||
| • | 9.46 g/t from a rock grab sample 800 metres south of the Green Zone | ||
| • | 5.89 g/t from a 2.0-metre bedrock chip sample 400 metres southwest of the Green Zone | ||
| • | 9.27 g/t from a soil sample 250 metres northwest of the Main Zone | ||
| • | 2.45 g/t from a soil sample 250 metres southeast of the North Zone |
Sample location maps and a table of the Sleeping Giant continuous chip samples are available at www.northern-tiger.com.
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.
Northern Tiger Resources Inc. is a Canadian-based resource exploration company focused on gold and copper exploration in the Yukon. Through its exploration alliance with Capstone Mining Corp.'s wholly owned subsidiary, Minto Explorations Ltd., Northern Tiger benefits from a wide range of experience, knowledge and capabilities from early exploration to mine production.
This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, "best-efforts" financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact
Northern Tiger Resources Inc.
Greg Hayes
President and CEO
info@northern-tiger.com
www.northern-tiger.com
Northern Tiger Resources Inc.
Greg Hayes
President and CEO
info@northern-tiger.com
www.northern-tiger.com
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