Northern Tiger Identifies New Gold Exploration Targets at 3Ace Property, Yukon
01 Dezembro 2011 - 5:38PM
Marketwired
Northern Tiger Resources Inc. ("Northern Tiger" or the "Company")
(TSX VENTURE:NTR) is pleased to announce that all results have been
received from the 2011 soil geochemistry survey at the 3Ace
Property in the southeast Yukon. A new 1,500 metre by 250 metre
gold-in-soil anomaly (the Kaiser trend) has been identified, and
the Green Zone East target has been expanded to 1,250 metres by 500
metres. A number of gold-in-soil anomalies at 3Ace have been traced
directly to proximal outcrops of quartz pebble conglomerate
containing gold-bearing quartz veins, and soil sampling is
considered to be a primary exploration tool on the property. The
new Kaiser trend and expanded Green Zone East thus represent
important new exploration targets. A map showing the new anomalies
is available on the Company's website at
www.northern-tiger.com.
"The expansion of our soil grids successfully defined two
additional kilometre-scale gold anomalies at 3Ace," says Greg
Hayes, President of Northern Tiger. "The delineation of the Green
Zone East and Kaiser gold-in-soil trends represent a substantial
expansion of our mineralized footprint, and provides additional
evidence that 3Ace hosts a significant new gold system."
A total of 4,112 soil samples, covering 106 line kilometers,
were collected at 3Ace in 2011. Au concentrations from the survey
ranged from less than 0.005 g/t to 2.0 g/t, including 431 samples
in excess of 0.050 g/t gold and 197 samples in excess of 0.100 g/t
gold. The 3Ace Property is underlain by interbedded successions of
quartz pebble conglomerate (QPC), sandstone, and black shale of the
Hyland Group Yusezyu Formation. Although the stratigraphy is
affected by regional folds, it generally forms a moderately
north-dipping homoclinal structure on the property. The earlier
fold structures are cross-cut by mineralised late brittle faults
that have north, northeast, and northwest trends. The 2011 soil
survey identified large areas of prospective QPC stratigraphy and
brittle fault structures that are prospective for structurally
controlled gold-bearing quartz veins.
This News Release has been reviewed and approved by Dennis
Ouellette, B.Sc., P.Geol., a Qualified Person as defined by NI
43-101. All soil samples were analyzed by Inspectorate America
Corporation of Richmond, British Columbia using 30 gram fire assay
and 50-element, 4-acid ICP analysis.
Northern Tiger Resources Inc. (TSX VENTURE:NTR) is a
Canadian-based resource exploration company focused on gold and
copper exploration in the Yukon. The company has a portfolio of
gold and copper focused projects in the Yukon, including 3Ace
(high-grade gold discovery made in 2010), Sprogge, Sonora Gulch and
five properties prospective for Minto-style high-grade copper
mineralization. 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.
Contacts: Northern Tiger Resources Inc. Greg Hayes President and
CEO 1-866-266-6569info@northern-tiger.comwww.northern-tiger.com
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