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NTR

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Share Name Share Symbol Market Type
TSXV:NTR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Northern Tiger Resources Chip Samples up to 227 g/t Gold at 3Ace Project, Yukon

31/07/2012 11:30am

Marketwired Canada


Northern Tiger Resources Inc. ("Northern Tiger" or the "Company") (TSX
VENTURE:NTR) is pleased to announce that trenching has exposed new high-grade
gold mineralization on its 3Ace Project in the southeast Yukon. Eleven
continuous one metre chip samples taken along the strike of a new quartz vein
exposure in the Sleeping Giant Zone returned from 0.06 to 226.68 g/t gold, with
a weighted average of 50.3 g/t gold. Results are pending from both channel
samples and seven recent drill holes testing the new discovery.


"We have now located the second zone on the property to host high-grade gold
mineralization," says Greg Hayes, President of Northern Tiger. "It is an
exciting discovery given the zone's structural and lithological similarities to
the Main Zone, and we have redirected the drill to test the new showing."


Based on the tenor of gold mineralization in the new outcrop, additional
trenching has also been completed. The new vein segment is now exposed for 25
metres along strike and is estimated to be approximately 3 metres thick. A map
and photo of the vein will be posted on the Company's website at
www.northern-tiger.com. Additional trenching has also been completed on other
Sleeping Giant vein segments, and an extensive set of channel samples has been
completed on these new exposures as well. The trenching has also provided
additional structural information, and it was determined that drilling completed
in 2010 may not have adequately tested the zone (results up to 1.5 g/t gold over
11.9 metres - see news release dated November 25, 2010). As a result, the drill
rig was redirected to the Sleeping Giant Zone, and seven holes (366 metres) have
been completed with assays pending. 


The Sleeping Giant Zone is interpreted to be a series of overlapping (en
echelon) massive quartz veins hosted in a shear zone located one kilometre east
of 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). Individual vein segments, combined with halos of silicified
wall rock and quartz stockwork, are up to 25 metres in width. The northeast
striking veins are hosted in a north-south striking mineralized trend exposed in
an area 125 metres wide by 300 metres long. The Sleeping Giant Zone appears to
be structurally similar to the Main Zone, but is exposed over a larger area. 




----------------------------------------------------------------------------
Sleeping Giant Zone - Trench 1 Quartz Vein Chip Samples(i)                  
----------------------------------------------------------------------------
                                             Chip Length          Gold Assay
Sample                                               (m)               (g/t)
----------------------------------------------------------------------------
25404                                                1.0               98.24
----------------------------------------------------------------------------
25405                                                1.0              182.78
----------------------------------------------------------------------------
25406                                                1.0              226.68
----------------------------------------------------------------------------
25407                                                1.0                2.54
----------------------------------------------------------------------------
25408                                                1.0                7.51
----------------------------------------------------------------------------
25409                                                1.0                6.94
----------------------------------------------------------------------------
25410                                                1.0               21.76
----------------------------------------------------------------------------
25411                                                1.0                6.63
----------------------------------------------------------------------------
25412                                                1.0                0.26
----------------------------------------------------------------------------
25413                                                1.0                0.31
----------------------------------------------------------------------------
25414                                                1.0                0.06
----------------------------------------------------------------------------
                                                    11.0                50.3
                                    ----------------------------------------
                                    ----------------------------------------



(i) Chip samples were taken along the exposed strike of the quartz vein.

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 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. When
visible gold is noted in drill core samples or regular fire assay values appear
abnormally high, the pulp and metallic screen 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. (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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