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Mining Explorers 2009: Northern Tiger Resources Inc.

 

Last updated 11/1/2009 at Noon



NTR: TSX-V

President and CEO: Greg Hayes

Director: Lori Walton

Vice President, Exploration: Dennis Ouellette

Northern Tiger Resources Inc., formed in April 2008 in Alberta as a spinoff of Firestone Ventures Inc., is an Edmonton, Alberta-based resource exploration company focused on the rapidly developing Dawson Range gold-silver-copper mining district in central Yukon Territory.

Through its exploration alliance with Capstone Mining Corp.'s subsidiary, Minto Explorations Ltd., Northern Tiger benefits from a wide range of capabilities from early exploration through mine production.

The junior's strategy is to aggressively explore the Dawson Range for economic mineral deposits and to continue advancing its Sonora Gulch Project located in the Dawson Range gold district in west-central Yukon and within 40 kilometers, or 25 miles, of Capstone Mining Corp.'s Minto copper-gold mine.

Sonora Gulch was transferred to Northern Tiger from Firestone when the latter junior was incorporated.

The Sonora Gulch land package consists of 245 claims covering 5,244 hectares, or 12,638 acres.

The property is characterized by multiple styles of gold mineralization and a gold-bismuth-tellurium geochemical signature.

Northern Tiger's success in 2008 was in an area of the Sonora Gulch property called the Nightmusic zone where the best drill result last year was in hole SG-08-27 which intercepted 26.6 meters grading 4.96 grams per metric ton gold, 11.9 g/t silver and 0.23 percent copper.

The junior's 2009 drill program returned to follow up on the high-grade gold it discovered.

Thanks to funds raised midseason, Northern Tiger was able to expand its C$1 million, seven-hole (1,400 meters) drill program for 2009 at Sonora Gulch to 2,455 meters in 12 holes as well as complete additional exploration at its other Dawson Range properties.

In its alliance with Minto, the junior gained the right to explore five more Dawson Range properties, Bond, Dad, Del, Led and Mel, which MintoEx staked based on geochemical, structural and geological similarities to the copper-gold-silver mineralization being milled at the Minto Mine, Yukon's only producing hardrock mine.

Northern Tiger also holds three other gold properties, Chopin located about 20 kilometers, or about 12 miles, southeast of Sonora Gulch, and Korat and Birman, located near Underworld Resources' White Gold project south of Dawson City.

The exploration alliance also provides for cooperation with MintoEx on exploration programs and strategies, sharing of proprietary knowledge and access to Capstone's infrastructure to facilitate exploration in the region.

Cash and short-term deposits:

C$418,736 (April 30, 2009)

Working capital:

C$660,902 (April 30, 2009)

Market capitalization: C$7.7 million

220, 17010 - 103 Ave.

Edmonton, AB

Canada T5S 1K7

Tel: 780-428-3465

Tel: 780-428-3476

 

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