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2010 Mining Explorers: Northern Tiger Resources Inc.

 

Last updated 10/31/2010 at Noon



NTR: TSX-V

President and CEO: Greg Hayes, CA

Director: Lori Walton, M.Sc., G.G., P.Geol.

Vice President, Exploration: Dennis Ouellette, B.Sc.

Northern Tiger Resources Inc., formed in April 2008 in Alberta as a spin-off 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.

The company formed an exploration alliance with Capstone Mining Corp.'s subsidiary, Minto Explorations Ltd., and focused on aggressively exploring the Dawson Range for economic mineral deposits, while advancing its Sonora Gulch Project located in west-central Yukon.

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.

The gold trend at Sonora Gulch covers 9 square kilometers, or 2,224 acres.

Within this broad trend, a number of clusters with significantly elevated gold values have been identified as high priority targets for additional exploration, including the Gold Vein, Sonata and Concerto Creek anomalies.

A copper-molybdenum anomaly covering a 2-kilometer by 1-kilometer, or 1.24-mile-by-0.62-mile, area is also contained within the broad gold anomaly.

The explorer is evaluating this variation as a copper-gold-molybdenum porphyry system.

Northern Tiger planned to spend C$2.6 million exploring its Yukon properties in 2010 and launched an exploration program in late May at Sonora Gulch.

In addition to a deep penetrating geophysical survey, the junior outlined 12 to 15 diamond drill holes (3,000 meters) on the property.

Additional surface exploration also was planned on Sonora Gulch, including mapping, prospecting and geochemical surveys.

Two diamond drill holes (500 meters) were earmarked for the Dad property to test a geophysical anomaly coincident with a copper-in-soil anomaly identified in 2009.

In July, Northern Tiger reported that it identified a number of high priority targets with the geophysical survey.

The survey results indicated potentially nine separate but spatially related high-priority chargeability anomalies covering a 2-kilometer-by-1-kilometer, or 1.24-mile-by-0.62-mile, area.

Northern Tiger also carried out surface exploration programs on its 3Ace property in southeastern Yukon Territory (optioned in April from longtime Yukon prospector Alex McMillan) and at the new gold-rich Deet property located 85 kilometers, or 53 miles, northeast of Whitehorse.

This work included mapping, prospecting, and sampling, on these properties in addition to an investigation of high-grade gold occurrences at 3Ace.

Northern Tiger Sept. 8 said assays from a chip sampling program on the 3Ace property returned bonanza grade results over measured widths in outcrop.

The explorer planned to follow up the surface work with a minimum six-hole (1,000-meter) diamond drilling program.

High-grade gold mineralization has been identified in three other separate zones (Sleeping Giant, Green zone and North zone) on the 3Ace property in addition to the Main zone.

Cash and short-term deposits: C$190,283 (April 30, 2010)

Working capital: C$91,600 (April 30, 2010) (raised C$3.01 million in private placement in May 2010)

Market capitalization: C$33.37 million (Sept. 10, 2010)

220, 17010 - 103 Ave. • Edmonton, AB Canada T5S 1K7

Tel: 780-428-3465 • Tel: 780-428-3476

http://www.northern-tiger.com

 

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