Northern Tiger resources commences drilling at 3Ace project, Yukon
Wednesday, Jul 18, 2012Northern Tiger Resources Inc. ("Northern Tiger" or the "Company") (TSX VENTURE:NTR) is pleased to announce that diamond drilling has commenced on its 3Ace Project in the southeast Yukon. The first two holes have been completed on the Main Zone where 2011 drilling returned results up to 4.6 g/t gold over 35.0 metres, including 106.2 g/t gold over 1.0 metre (see news release dated October 25, 2011).
"The drill is now turning and we are looking forward to both following up on our excellent Main Zone results and drill testing new targets to demonstrate the potential size of the mineralized system at 3Ace," says Greg Hayes, President of Northern Tiger.
The first holes are targeting expansion of the Main Zone along strike and down-dip. Gold mineralization at the Main Zone currently has a drilled strike length of 220 metres, and is related to a steeply dipping shear zone which hosts an en echelon array of vein segments that are linked by stockwork veins and breccias. The drill will then shift to testing new gold targets on 3Ace where extensive gold-in-soil anomalies have been outlined over an area of 9 km2.
The start of the drill program was delayed due to a large snowpack and subsequent rapid melt that damaged sections of the Nahanni Range Road that provides access to the 3Ace Project. The Yukon Government responded quickly to the situation and the road is now open. Surface exploration (trenching, sampling, prospecting) continued during the delay.
This News Release has been reviewed and approved by Dennis Ouellette, B.Sc., P.Geol., a Qualified Person as defined by NI 43-101.
Northern Tiger Resources Inc. (TSX VENTURE:NTR) is a Canadian-based resource exploration company focused on gold and copper exploration in the Yukon, where it has a strong portfolio of projects. Drilling in 2011 intersected 4.6 g/t gold over 35.0 metres (including 106.2 g/t gold over 1.0 metre) at the Company's flagship 3Ace Project in southeast Yukon. The Sonora Gulch copper-gold-silver porphyry project in central Yukon also returned significant drill results in 2011, including 0.45 g/t gold and 3.0 g/t silver over 234.0 metres.
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.
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