Mining Explorers 2012: Northern Tiger Resources Inc.

 

Last updated 11/11/2012 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. started diamond drilling at least 3,000 meters in mid-July on its 3Ace and Sprogge properties in southeastern Yukon Territory.

The 2012 exploration program focused on testing new targets on both properties and attempting to expand the Main Zone (both along strike and down-dip), where 2011 drill highlights included up to 4.6 grams per metric ton gold over 35 meters.

In August, Northern Tiger reported that channel sampling on a newly exposed quartz vein in the Sleeping Giant Zone at 3Ace confirmed the high-grade nature of gold mineralization previously reported from chip sampling that returned a weighted average of 50.3 g/t.

The new high-grade vein segment is exposed for 25 meters along strike, and is estimated to be 3 meters wide.

Results of additional trenching and channel samples prompted Northern Tiger to redirect a drill rig to the Sleeping Giant zone to test what the company believed was a second zone on the 3Ace Property to host high-grade gold mineralization.

Seven holes (366 meters) were drilled and assays were pending in mid-September.

The most advanced target on the Sprogge Property is the Sugar Bowl Zone, defined by a highly anomalous gold and pathfinder element geochemical signature measuring 2,400 meters by 1,200 metres.

A 1,200-meter by 600-meter core area averages more than 200 ppb gold-in-soils and returned a maximum gold-in-soil value of 10.3 g/t.

Rock chip samples taken along a 2.5-kilometer ridge bisecting the Sugar Bowl zone contain numerous multi-gram gold values up to a maximum of 34.8 g/t, and including 6.9 g/t gold over 12.0 metres and 9.6 g/t gold over 4.0 metres.

Due to the continuing depressed market for junior exploration companies, no significant exploration was planned in 2012 for Northern Tiger's other Yukon properties, including the Sonora Gulch Project where a 9-square-kilometer (3.5 square miles) gold anomaly has been outlined, which covers at least three gold zones and a two-kilometer-by-one-kilometer (1.24 miles by 0.62 mile) copper-molybdenum anomaly.


Pebble Partnership copper gold molybdenum mine project Alaska Northern Dynasty NAK NDM

Cash and short-term deposits: C$1.23 million (April 30, 2012)

Working capital: C$ 1.15 million (April 30, 2012) (raised C$60,000 in private placement in August 2012)

Market capitalization: C$36.59 million (Sept. 9, 2011)

220, 17010 - 103 Avenue

Edmonton, AB Canada T5S 1K7

Tel: 780-428-3465 • Tel: 780-428-3476

 

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