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Northern Tiger Has Grabbed A Strong Position In The Dawson Range
Gold Rush
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By Charles Wyatt
The two words 'gold rush' send a frisson of excitement down the back of
anyone interested in mining. Those who are a bit older will remember
the rush at Hemlo near the town of Marathon north of Lake Superior
after three prospectors discovered gold there in the early 1980s. Two
companies, Golden Sceptre and Goliath Resources, secured rights to a
large land package in the area, and were subsequently acquired by
Noranda. Noranda permitted and built the Golden Giant mine and peak
production of 500,000 ozs/year was achieved in the early 1990s. During
its 21 year life the mine produced over six million ozs gold. The point
of this little bit of history is that there were a lot more junior
mining companies who staked ground around Hemlo and, as the excitement
grew, the share prices of many rocketed.
Now there are signs of a gold rush developing in the rapidly developing
Dawson Range, south east of Dawson City in the Yukon. It is still at a
fairly early stage, but more and more companies are showing interest,
although they're not after the alluvial gold that caught the eyes of
the old timers as they trekked up from Whitehorse to Dawson City on
their way to the Klondike goldfields. Some of these old timers stopped
their journey long enough to pan rivers and streams in the Dawson
Range, but greed for the supposed riches of the Klondike usually drove
them on. Dawson Range is on the unexplored eastern end of the Tintina
gold belt. This contains at least three big mines to the west over in
Alaska. Pogo and Fort Knox are near Fairbanks, and Donlin Creek is
further west still.
Northern Tiger Resources, the gold-copper-silver exploration company
which split off from Firestone Ventures last year, has a prime position
on the Dawson Range at its Sonora Gulch project, and it also has an
exploration alliance with Capstone Mining, the company which owns and
operates the producing Minto mine only 35 kilometres away. Other listed
companies with properties in the Dawson Range are Western Copper,
Northern Freegold Resources and Underworld Resources. All are reporting
successful exploration. Underworld has recently reported an
intersection of 104 metres at 3.4 g/t gold at its White Gold project,
Northern Freegold's 2008 drilling results included 9.4 metres at 70.2
g/t gold and 0.21% copper. Western Copper for its part is awaiting
permitting of its Carmacks copper mine and has finished a
pre-feasibility study on the Casino project.
Through its exploration alliance with Capstone Mining, Northern Tiger
benefits from a wide range of capabilities, from expertise in early
exploration through to mine production in this particular area. It will
therefore be able to use Capstone's proprietary technical expertise to
explore for additional Minto--type deposits as well as deploying its
extensive historic data to generate additional Dawson Range targets.
Capstone has also set up significant infrastructure around Minto and
all is being made available to Northern Tiger to reduce local costs. As
Greg Hayes, president of the company points out, the Yukon is not the
easiest bit of country in which to operate, so the Capstone alliance is
vital.
Sonora Gulch is Northern Tiger's prime asset. It's situated between
Underworld Resources and the Minto copper-gold mine, where a hefty
increase in the measured and indicated resources of copper and gold has
just been reported. Exploration at Sonora Gulch has indicated the
existence of a strongly altered system hosting multiple styles of
mineralization over at least two kilometres. Two significant zones of
gold mineralization have already been discovered along this trend, at
the Nightmusic and Amadeus zones, so some geologist must be a lover of
Mozart. One hole at Nightmusic hit 26.6 metres grading 5 g/t gold, 11.9
g/t silver and 0.23% copper, and this included 4 metres of 25.8 g/t
gold and 6.5 g/t silver. At Amadeus a 15.3 metre intercept graded 6.2
g/t gold and 3 g/t silver including a 5 metre zone of 12.2 g/t gold and
4.8 g/t silver.
Northern Tiger also acquired 5 other projects from Capstone with the
unlikely names of Bond, Dad, Del, Led and Mel, and it is interesting to
note that all are close the Yukon River in what could be crucial
positions as the gold rush proceeds. The company has budgeted C$1
million for exploration this year and has just raised C$500,000 towards
this by a private placement. The funds will be used for more drilling
on Nightmusic as well as for drill testing the Allegro anomaly. More
surface exploration is being carried out at Sonora Gulch to delineate
future drilling targets and, according to Greg Hayes, a close look will
be taken at two of the Minto-style properties to get at least one ready
for drilling next year. It will clearly be worth keeping a close eye on
news from Northern Tiger as the year proceeds, as this gold rush has a
way to go.
For more information:
Greg Hayes, C.A.
President & CEO
Northern Tiger Resources Inc.
#220, 17010 - 103rd Avenue
Edmonton, AB T5S 1K7
Tel: (780) 428-3465
Fax: (780) 428-3476
ghayes@northern-tiger.com
www.northern-tiger.com NTR: TSX-V
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Copyright (c) 2009 NORTHERN TIGER RESOURCES (NTR) All rights reserved.
For more information visit our website at
http://www.northern-tiger.com/ or send mailto:info@northern-tiger.com
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