| | Publié le 27 juillet 2010 | Verifies High-Grade Gold at 3Ace |
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Re: News Release - Tuesday, July 27, 2010 Title: Northern Tiger Resources Verifies High-Grade Gold at 3Ace
July 27, 2010: Northern Tiger Resources Inc. ("Northern Tiger" or the "Company") (NTR: TSX-V) is pleased to announce that initial grab samples collected on and around the discovery vein on the 3Ace Property in the southeast Yukon have verified the high-grade nature of the gold mineralization.
"We are excited about verifying the high-grade gold content of the discovery vein. The nine samples returned values of almost one ounce of gold per ton to 140 ounces per ton," says Greg Hayes, President of Northern Tiger. "In the Company's opinion the tenor of the gold mineralization in the outcropping discovery vein makes the 3Ace property a very compelling prospect in an under explored region of the Yukon."
Nine grab samples gathered on an initial site visit contained from minor to abundant course visible gold, and returned the following gold values:
Sample |
Type |
Gold Assay (grams/ton) |
Gold Assay (ounces/ton) |
I034662 |
Vein |
4,820.60 |
140.60 |
I034659 |
Float |
4,259.31 |
124.23 |
I034658 |
Float |
2,477.09 |
72.25 |
I034656 |
Float |
2,063.56 |
60.19 |
I034660 |
Float |
1,416.59 |
41.32 |
I034657 |
Vein |
591.65 |
17.26 |
I034661 |
Float |
119.66 |
3.49 |
I034654 |
Float |
83.58 |
2.44 |
I034655 |
Vein |
29.88 |
0.87 |
The average gold assay from the nine samples was 1,762.4 grams/tonne (51.4 ounces/ton). Each sample weighed in excess of two kilograms. The samples were collected from a 5 metre (downslope) by 15 metre (along slope) area. Three of the samples were collected from different locations on the outcropping vein and six samples were collected from float boulders located down slope from the vein. The native gold is distributed as disseminations and fracture coatings and fillings within massive white crystalline quartz vein material. Grab samples are selective by nature and are unlikely to represent average grades for the property. In addition, investors are cautioned that all samples containing course native gold should be considered to have an inherent "nugget effect".
The north trending discovery vein is hosted in a shear zone cutting Yusezya Formation of the Upper Proterozoic to Early Cambrian Hyland Group. On the 3Ace property, the Formation consists predominantly of quartz-pebble conglomerate and quartz arenite, in places with a calcareous matrix, and black and maroon shales and slates. The quartz rich sediments act as a brittle host and are subject to extensive fracturing and quartz vein emplacement.
A surface exploration program is underway, including detailed structural mapping, prospecting and regional sampling, as well as chip sampling of native gold and other occurrences. Company geologists are compiling the exploration data and developing appropriate geological and exploration models.
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 samples were analyzed by Inspectorate America Corporation of Richmond, British Columbia. Gold was analyzed by a metallic screen fire assay, and other elements were analyzed with a 50 element, 4 Acid ICPMS.
Northern Tiger Resources Inc. is a Canadian-based resource exploration company focused on gold and copper exploration in the Yukon. 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.
For further information please contact:
Greg Hayes, President and CEO info@northern-tiger.com
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. The Company disclaims any intention or obligation to revise or update such statements, except as required by law. 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.
Copyright � 2010 NORTHERN TIGER RESOURCES (NTR) All rights reserved. For more information visit our website at http://www.northern-tiger.com/ or send email to info@northern-tiger.com ..
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