Microsoft Word - TGR news release 23 December 2014 _2_.docx
TIGER INTERNATIONAL RESOURCES, INC. (TGR.V)
NEWS RELEASE - DECEMBER 23rd, 2014
TSX-V: TGR
US OTC: TGILF
UPDATE ON Q4 2014 EXPLORATION AT ITOGON GOLD PROJECT
TIGER INTERNATIONAL RESOURCES, INC. (TGR.V) is pleased to provide the following update on activities at the Itogon gold project, Philippines.
The Itogon project is 100% held by Tiger International's Philippine subsidiary Cordillera Tiger Gold Resources, Inc. ("Cordillera Tiger") under an exploration permit granted by the Philippine government.
ECR Minerals plc ("ECR") of London, United Kingdom has the right to earn a 50% interest in the Itogon project and is currently the operator of the project, through Cordillera Tiger. The text below is excerpted from a news release by ECR made December 23rd, 2014. A copy of the full ECR news release may be obtained from www.ecrminerals.com
- Excerpt begins -
The final quarter of 2014 saw two phases of channel and grab sampling completed at Itogon, one underground in artisanal workings (129 samples for an aggregate channel sampled width of
257.50m) and one at surface (59 samples for an aggregate channel sampled width of 101.40m), as well as sampling of muck (ore) from active artisanal workings (37 samples). Various mapping
and surveying tasks were also completed. Highlights from the assay results received in respect of
Q4 2014 sampling are presented in the table below.
Stephen Clayson, Chief Executive Officer of ECR, commented:
"The results of ECR's Q4 2014 exploration at Itogon serve to improve our understanding of the mineralisation in the main prospect area, and we are encouraged by the assay results reported in the table below. These include channel sampling intercepts of wide, low grade zones of gold mineralisation such as 18.0m at 1.02g/t gold in Balao Adit and 10.0m at 1.46g/t gold at MP-71, and narrower but high grade intercepts such as 5.0m at 10.20g/t gold, including 1.0m at 43.98g/t gold, in Charlie Adit. Muck samples from artisanal mining operations are an additional means of locating high grade zones, and the highest grade muck sample obtained was 68.56g/t gold.
A programme of reconnaissance mapping and sampling had been planned to commence during October 2014 on ridges to the north-east and south-west of the main prospect area at Itogon, but was deferred in favour of the works described in today's announcement, which were considered more valuable for the purposes of planning the next drilling programme. Drilling is expected to commence on or about 15 January 2015 in the main prospect area."
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Highlights of Q4 2014 Sampling at Itogon Gold Project, Philippines
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Field Name
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From
(m)
|
To
(m)
|
Apparent Width
(m)
|
Average
Grade
(g/t gold)
|
|
Underground channel samples
|
|
Balao Adit
|
0.0
|
13.0
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13.0
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0.58
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Bobot N Adit No. 1
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0.0
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18.0
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18.0
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1.02
|
|
inc.
|
4.0
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6.0
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2.0
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2.01
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Bobot N Adit No. 1
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0.0
|
2.0
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2.0
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0.54
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Bobot N Adit No. 2
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0.0
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2.0
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2.0
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1.61
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Bobot N Adit No. 3
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0.0
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4.5
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4.5
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0.91
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inc.
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2.0
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3.5
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0.5
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2.78
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Charlie Adit
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0.0
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3.0
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3.0
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1.43
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Charlie Adit
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0.0
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5.0
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5.0
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10.20
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inc.
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2.0
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3.0
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1.0
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43.98
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inc.
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4.0
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5.0
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1.0
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2.20
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Charlie Adit
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0.0
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1.0
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1.0
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8.07
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Charlie Adit
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0.0
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2.0
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2.0
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2.62
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inc.
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0.0
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1.0
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1.0
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3.79
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Roland Adit
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0.0
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8.0
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8.0
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0.90
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Ronald Adit
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0.0
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10.0
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10.0
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0.62
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Portal No. 1
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133.5m channel along adit wall
|
0.20
|
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Portal No. 1
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Average of eleven
separate 1.0m channel samples
|
1.15
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inc.
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8.12
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Surface channel samples
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MP-70
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0.0
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6.0
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6.0
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0.90
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MP-71
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0.0
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10.0
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10.0
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1.46
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inc.
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4.0
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6.0
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2.0
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2.90
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MP-72
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0.0
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4.5
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4.5
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0.82
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MP-75
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0.0
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3.0
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3.0
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1.14
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MP-76
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0.0
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2.0
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2.0
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0.90
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MP-77
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0.0
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11.15
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11.15
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0.70
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MP-78
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0.0
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2.0
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2.0
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1.08
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MP-80
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0.0
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6.0
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6.0
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0.64
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MP-87
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0.0
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2.9
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2.9
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1.52
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MP-88
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0.0
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33.4
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33.4
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0.51
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Muck samples
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Bobot Adit No.1
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Average of three grab samples,
hand sorted ore
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0.66
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Brendo Adit
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Single grab sample,
hand sorted ore
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2.80
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Charlie Adit
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Average of five grab samples,
hand sorted ore
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11.76
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inc.
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25.98
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inc.
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10.29
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Itoy
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Average of two grab samples,
hand sorted ore
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1.87
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Joe Adit
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Average of four grab samples,
hand sorted ore
|
3.52
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Julio Adit
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Average of three grab samples,
hand sorted ore
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4.61
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July Adit No.1
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Average of three grab samples,
hand sorted ore
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1.48
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July Adit No.2
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Single grab sample,
hand sorted ore
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6.01
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Moises Adit
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Single grab sample,
hand sorted ore
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5.28
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Portal No. 1
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Average of seven grab samples,
hand sorted ore
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14.15
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inc.
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68.56
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inc.
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15.02
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Portal No. 1
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Average of seven grab samples,
rejects from hand sorting by artisanal miners
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1.95
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Geological mapping highlighted altered, mineralised and/or intensely oxidised occurrences for channel sampling, in some cases following trenching. Channel sampling results are disclosed in the table above where the weighted average grade exceeds 0.5g/t gold or the aggregate width exceeds 10.0m. Intercepts are given as apparent widths. No top or lower cut-off has been applied in calculating weighted averages. Channel sampling was carried out at intervals of between 0.5m and 5.0m. Where channels comprised multiple samples, the table discloses the grades of any individual samples exceeding 2.00g/t gold. Muck samples exceeding 10.00g/t gold are reported separately in the table.
Assay values have been expressed in this news release as g/t (grams per tonne) gold but are received from the laboratory expressed as ppm (parts per million) gold. For the purposes hereof ppm gold and g/t can be considered equivalent.
Maps relating to the sampling results disclosed in this announcement may be viewed at:
http://www.ecrminerals.com/Itogon-channel-sampling-as-at-end2014
The maps are for illustration only and should not be relied upon for technical purposes.
QA/QC
Sampling was carried out under geological supervision. A secure chain of custody was maintained in the transport and storage of all samples, which were shipped to and analysed by Intertek Testing Services Philippines, Inc. ("Intertek"), an internationally accredited independent analytical laboratory in Metro Manila. Upon arrival at Intertek samples were sorted, dried, crushed, split, and a fraction was pulverised. The method of analysis for gold was fire assay (50g charge) with AAS finish.
QA/QC measures including the use of blanks and standards were implemented by ECR and separately by Intertek in relation to the analysis of the samples. The assay data reported is considered acceptable in the context of these measures.
- Excerpt ends -
QUALIFIED PERSON
Andrew Tunningley, a Member (Chartered Professional - Geology) in good standing of The Australasian Institute of Mining and Metallurgy ("AusIMM"), is responsible for the work programme being implemented on the Itogon project by ECR and has supervised the preparation of (and in doing so has verified) and approved all technical information contained in this news release.
Mr Tunningley's standing and membership designation with respect to AusIMM, and the nature and extent of his experience which is relevant to the style of mineralisation and type of deposit under consideration at the Itogon project and to the activity which he is undertaking in relation thereto, enable him to qualify for the purposes of this news release as a Qualified Person as defined in Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr Tunningley is an independent geological consultant to ECR and has no other relationship of any kind with ECR. Mr Tunningley has no relationship of any kind with Tiger International.
ABOUT TIGER INTERNATIONAL
Tiger International is a Canadian resource exploration and development company. The Itogon gold project is located in an established gold mining district known as the Baguio Gold Belt on the island of Luzon in the north of the Philippines, and benefits from an extensive historical dataset.
The Itogon project is 100% held by Tiger International's Philippine subsidiary Cordillera Tiger
Gold Resources, Inc. under an exploration permit granted by the Philippine government.
ECR Minerals plc of London, United Kingdom has the right to earn a 50% interest in the Itogon project and is currently the operator of the project, through Tiger International's Philippine subsidiary Cordillera Tiger.
FOR FURTHER INFORMATION PLEASE CONTACT:
Patric Barry, President, Tiger International Resources, at (949) 362.1600 or by email to
[email protected]