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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 | - |
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Northern Tiger Resources Inc. ("Northern Tiger" or the "Company") (TSX
VENTURE:NTR) announces that final assays have been received for the fifteen
holes (1,711 metres) drilled during 2012 at the Company's 3Ace Property in the
southeast Yukon. Four holes (891 metres) were drilled at the Main Zone, seven
holes (366 metres) were drilled at the Sleeping Giant Zone, and four scout holes
(454 metres) provided preliminary drill testing of four additional zones. Key
results include:
-- 3A-12-36 (Main Zone) - 1.0 g/t gold over 20.0 metres and 1.5 g/t gold
over 45.4 metres
-- 3A-12-38 (Main Zone) - 3.6 g/t gold over 8.6 metres
-- 3ASG-12-07 (Sleeping Giant Zone) - 3.3 g/t gold over 7.3 metres
-- 3AKT-12-01 (Kaiser Trend) - 0.5 g/t gold over 10.0 metres and 0.6 g/t
gold over 32.4 metres
"Holes 36 and 38 successfully extended the breadth and depth of the central
mineralized shoot at the Main Zone, and the broad zones of mineralization (0.5
g/t gold over 10 metres and 0.6 g/t gold over 32 metres) intercepted in our
first hole in the kilometre-long Kaiser Zone are also very encouraging.," says
Greg Hayes, President of Northern Tiger. "Although targeted veins were
intercepted in the Sleeping Giant Zone, grades were not as strong as those
encountered in channel sampling. Additional work will be required to determine
if that is a function of a nugget effect or if there are additional structural
controls/zoning that are controlling the gold grades."
Main Zone
Holes 3A-12-36 and 3A-12-38 were both step-backs from prior Main Zone Holes, and
both successfully intersected the targeted northeast plunging mineralized shoot.
The core of the mineralized shoot has been drilled to 300 metres down-plunge, 80
metres along strike, and is up to 58 metres thick.
Hole 3A-12-37 and 3A-12-39 were step-outs to the south and north respectively.
Although gold grades weren't particularly high, the Main Zone structure was
intercepted in both holes and is open for additional exploration along strike in
both directions.
Sleeping Giant Zone
Seven short holes (average 52 metres) tested a number of outcropping targets in
the Sleeping Giant Zone, including the vein in Trench 1 where previously
reported channel sampling returned grades up to 132.9 g/t gold over 6.9 metres
(see news release dated August 8, 2012). Holes 3ASG-12-01 (2.1 g/t gold over 5.0
metres and 1.3 g/t gold over 2.0 metres) and 3ASG-12-07 (3.3 g/t gold over 7.3
metres) both intersected the mineralized vein exposed on surface in Trench 1
(including visible gold in two places in hole 3ASG-12-01), but gold grades were
not as high as encountered in the channel sampling. The course gold and highly
variable assay results suggest a strong nugget effect, which makes it
challenging to determine average grades using the relatively small sample sizes
obtained through channel sampling and drilling. Larger sample sizes may be taken
in future programs to better determine the distribution of the gold
mineralization at the Sleeping Giant Zone.
Scout Holes
Preliminary drill testing was done on four additional targets at 3Ace (four
holes totalling 454 metres). The most interesting results were at the
kilometre-long Kaiser Trend, where Hole 3AKT-12-01 intercepted 0.5 g/t gold over
10.0 metres (starting at 54.0 metres) and 0.6 g/t gold over 32.4 metres
(starting at 74.6 metres). The size of the soil anomaly combined with the
thickness of the mineralization encountered in the initial drill hole make the
Kaiser Zone a high priority target for additional exploration work.
Maps showing drill hole locations and cross sections will be posted on the
Company's website at www.northern-tiger.com.
Significant intercepts include:
Interval Interval
Depth From To Width Gold
Hole Zone Azimuth Dip (m) (m) (m) (m) (g/t)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
3A-12-36 Main 270 -60 285 101.0 103.0 2.0 0.7
degrees degrees
163.0 183.0 20.0 1.0
192.7 238.1 45.4 1.5
Including 213.4 215.2 1.8 13.0
252.0 258.0 6.0 0.6
265.2 282.6 17.4 0.4
3A-12-37 Main 270 -60 183 102.0 105.0 3.0 0.6
degrees degrees
128.0 130.0 2.0 0.5
3A-12-38 Main 270 -60 192 13.0 13.7 0.7 6.8
degrees degrees
51.3 66.4 15.1 0.6
107.5 114.0 6.5 1.2
135.4 144.0 8.6 3.6
Including 140.4 141.2 0.8 20.4
181.4 185.4 4.0 0.6
3A-12-39 Main 270 -50 231 122.0 134.0 12.0 0.7
degrees degrees
184.3 185.7 1.4 1.0
203.0 217.0 14.0 0.6
3AGZ-12-01 Green 150 -60 147 No significant intercepts
Zone East degrees degrees
3AKT-12-01 Kaiser 225 -50 178 54.0 64.0 10 0.5
Trend degrees degrees
74.6 107.0 32.4 0.6
163.0 165.5 2.5 0.9
3AMW-12-01 Main 270 -50 72 30.0 36.0 6.0 0.4
Zone West degrees degrees
3ASC-12-01 Schultz 140 -50 57 No significant intercepts
Showing degrees degrees
3ASG-12-01 Sleeping 285 -50 51 6.0 11.0 5.0 2.1
Giant degrees degrees
14.0 16.0 2.0 1.3
3ASG-12-02 Sleeping 290 -50 51 24.0 25.0 1.0 6.4
Giant degrees degrees
31.0 32.0 1.0 1.1
37.0 38.0 1.0 0.6
Interval Interval
Depth From To Width Gold
Hole Zone Azimuth Dip (m) (m) (m) (m) (g/t)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
3ASG-12-03 Sleeping 300 -50 51 18.0 19.0 1.0 0.7
Giant degrees degrees
3ASG-12-04 Sleeping 310 -50 51 No significant intercepts
Giant degrees degrees
3ASG-12-05 Sleeping 310 -50 51 44.2 46.0 1.8 1.0
Giant degrees degrees
3ASG-12-06 Sleeping 310 -50 60 35.0 36.0 1.0 0.5
Giant degrees degrees
41.0 42.0 1.0 0.4
3ASG-12-07 Sleeping 305 -50 51 7.0 14.3 7.3 3.3
Giant degrees degrees
Including 8.0 10.0 2.0 8.9
20.0 22.0 2.0 3.1
44.0 48.0 4.0 2.1
Note: Reported intersections are drilled thicknesses, as true widths have
not yet been determined.
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 at the Company's flagship 3Ace
Project in southeast Yukon has intersected up to 4.6 g/t gold over 35.0 metres
(including 106.2 g/t gold over 1.0 metre). The Sonora Gulch copper-gold-silver
porphyry project in central Yukon has also returned significant drill results,
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Northern Tiger Resources Inc.
Greg Hayes
President and CEO
info@northern-tiger.com
ww.northern-tiger.com
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