Archive for November, 2010

Northern Tiger Resources Announces Additional 3Ace Drill Results

November 25, 2010: Northern Tiger Resources Inc. (“Northern Tiger” or the “Company”) (NTR: TSX-V) is pleased to announce that all assay results from the 9-hole, 1,240-metre diamond drill program at the 3Ace Property in the southeast Yukon have been received. In addition to the previously announced discovery holes in the Main Zone (including intercepts of 4.3 g/t gold over 30.3 metres and 14.8 g/t gold over 10.9 metres – see news release dated November 4, 2010), five of six holes collared in the Sleeping Giant Zone intersected significant mineralized structures, including:


Hole #

Interval
(m)

Width
(m)

Gold
(g/t)

3A-10-04

15.7 – 22.2

6.5

1.35

     Includes:

15.7 – 16.7

1.0

5.05

 

120.7 – 132.6

11.9

1.51

     Includes:

120.7 – 122.6

1.9

3.48

3A-10-05

15.5 – 20.3

4.8

1.05

 

140.5 – 141.4

0.9

1.68

3A-10-06

42.6 – 48.2

5.6

0.98

 

113.5 – 124.3

10.8

0.50

3A-10-07

62.8 – 63.8

1.0

1.25

3A-10-08

34.4 – 35.6

1.2

2.16

“Management is very pleased with the results of our initial exploration season at 3Ace. We outlined a number of compelling high grade gold targets in an area covering in excess of four square kilometres and drilled the first significant discovery holes in this area of the Yukon” says Greg Hayes, President of Northern Tiger. “We have substantially increased our land package, and believe these results warrant a much larger exploration and drill program in 2011.”

Six holes totaling 941 metres were collared at the Sleeping Giant Zone, with two holes collared at each of three sites at dips of -55° and -70° respectively, along a 180-metre portion of the known strike length of the zone. Holes 3A-10-04 and 3A-10-05, collared towards its southern limit, targeted the projected downdip extension of surface visible gold mineralization discovered earlier in 2010. Both holes returned auriferous intercepts at the expected target depths, including visible gold in Hole 3A-10-04, confirming the downdip extension of the zone.

Hole 3A-10-04 also returned an 11.9-m intercept from 120.7 – 132.6m, which included a 1.9-metre intercept grading 3.48 g/t gold (Au). This intercept, discovered from drilling and not yet located on surface, represents a new mineralized structure in the Sleeping Giant Zone area.

Holes 3A-10-06 and 3A-10-07, collared roughly 130 metres north-northwest, targeted the downdip extension of an area of high grade gold from surface chip sampling including 11.34 g/t across 6.0 metres. Both holes intersected the Sleeping Giant Vein. Hole 3A-10-06 returned a value of 0.98 g/t Au across the 5.6-metre vein intercept. Although Hole 3A-10-07 intersected the zone from 38.0 to 43.7m, it returned only moderately anomalous values, to a maximum of 0.50 g/t Au across 2.0m.

Hole 3A-10-06 also returned an auriferous zone returning 0.50 g/t Au across 10.8 metres, from 113.5 to 124.3m. This is roughly consistent with the new zone encountered in Hole 3A-10-04, which has not been identified on surface.

Holes 3A-10-08 and 3A-10-09 were collared about 60 metres northwest of Holes 3A-10-06 and 3A-10-07, on the west side of the vein, and drilled to the southeast. Hole 3A-10-08 intersected the vein from 45.55 to 52.5m, returning only moderately anomalous values to 0.30 g/t across 1.5m, although a higher grade intercept of 2.16 g/t Au across 1.2m was returned from 34.4 to 35.6m. Although no significant intercepts were returned from Hole 3A-10-09, numerous anomalous gold values were returned from several intercepts throughout the hole.

This drilling program revealed that the Sleeping Giant consistently occurs as a very gently east-dipping zone roughly six metres in width along the 180-metre drilled portion of its strike extent. Results of metallic screen fire assay (MSFA) analysis and of duplicate core sampling revealed that a strong “coarse gold” effect exists. Drill results, combined with surface sampling, also suggest that high grade gold mineralization may be specific to certain portions of the zone. Further detailed structural analysis, combining results from detailed surface mapping and core logging, are planned to improve the understanding of the structural controls of the Sleeping Giant Zone, as well as other significant gold zones within the 3Ace property.

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KAMINAK DRILLING AT AMERICANO YIELDS NEW GOLD DISCOVERY OF 2.36 G/T AU OVER 18M AND STEP-OUT HOLE SUCCESSFULLY INTERSECTS LATTE GOLD ZONE 900M ALONG TREND FROM KNOWN MINERALIZATION

Kaminak Gold Corp. is providing drill results from widely spaced exploration holes from the Americano and Espresso gold-in-soil trends, as well as assays from Latte zone step-out drilling, all of which occur on the company’s 100-per-cent-owned Coffee property, located in the White Gold district, Yukon Territory. All zones begin at surface and remain open along trend and at depth.

Key points summary:

 

  • Nine of the 10 holes drilled at Americano successfully intersected gold mineralization. Key intercepts include 2.36 grams per tonne Au over 18 metres from CFD-64 and 6.53 g/t Au over three m from CFD-55.
  • The discoveries at Americano and at the previously announced Kona zone are both hosted in granites, the primary host rock in the western and southern portion of the Coffee property. The gold-bearing potential of these rocks has been validated and will be a key focus of next year’s program.
  • Latte extension (B52 zone) drill hole CFD-61 successfully intersected rocks correlated with the Latte shear zone and extends the Latte zone 900 m to the west. Highlights include 3.04 g/t Au over six m including a high-grade interval of 10.25 g/t Au over one m.

 

“Our 2010 drill program was the first-ever drilling on the Coffee property, and we successfully intersected significant near-surface gold over a distance exceeding 10 kilometres, resulting in a half-dozen bona fide gold discoveries,” stated Rob Carpenter, Kaminak’s president and chief executive officer. “Our exploration philosophy of drilling below high-quality gold-in-soil anomalies is delivering results, and with only 10 per cent of the property systematically soil sampled, we expect to continue to generate additional gold targets.”

Americano and Espresso zones

The Americano area is underlain by granite and comprises two parallel northeast-trending linear gold-in-soil trends totalling over four kilometres in length. These two trends become linked to the east by a north-by-northeast-trending gold-in-soil anomaly informally known as the Americano link structure. This link structure is at least 700 m long. A total of 10 widely spaced holes were drilled at Americano in order to test for the presence of steeply dipping gold-bearing brittle structures analogous to the nearby Kona gold zone where CFD-53 returned 2.2 g/t Au over 57 m.

Nine of the 10 holes drilled at Americano successfully intersected gold mineralization hosted in sulphidic and clay-altered brittle fault zones crosscutting granite. Notable intercepts occur in the north-by-northeast-trending link structure where four holes were drilled over 300 m. All four holes intersected significant gold mineralization including 2.36 g/t Au over 18 m from CFD-64 and 6.5 g/t Au over three m from CFD-55. Gold zones at the link structure remain open at depth and along trend. The interpreted length of the entire gold-in-soil trend at the Americano link area exceeds 700 m.

Three holes were drilled into the Espresso gold-in-soil trend located approximately one kilometre south of the Americano link structure and 1.5 kilometres southeast of the Kona gold zone discovered earlier in 2010. Two of the three holes successfully intersected gold-bearing granitic host rocks characterized by clay and sulphide alteration including CFD-70 that yielded 1.36 g/t Au over eight metres.

Latte extension (B52 zone)

Initial drilling at the Latte zone by Kaminak in 2010 successfully intersected gold mineralization in all 17 holes over a strike length of at least 600 m. Ground magnetic data acquired over the Coffee property suggest the main structural feature that hosts gold mineralization at the Latte zone extends well beyond the limit of drilling in 2010. To test this theory, Kaminak drilled a wildcat step-out exploration hole 900 m west of the Latte zone in order to intercept the projected extension of the Latte gold mineralization in a region informally labelled the B52 zone.

Drill hole CFD-61 was drilled to the north at a minus-50-degree angle and successfully intersected rocks correlated with the Latte shear zone located 900 m to the east. Three discrete gold zones were intersected over a core length of approximately 32 m (starting at 85 m depth). Highlights include 3.04 g/t Au over six m including a high-grade interval of 10.25 g/t Au over one m. Mineralization is interpreted to occur within an east-west-trending and steep south-dipping shear zone structure believed to be the extension of the Latte gold structure. This result confirms that the gold-bearing structure at Latte continues well beyond the limits of Kaminak’s 2010 drilling and future exploration work in this area will focus on expanding these zones.

 

                                DRILL RESULTS

                                                             Weighted grade
Hole ID            Zone   From (m)   To (m)  Length (m)(i)            (g/t)

CFD-55        Americano          9       11              2             2.76
                                65       78             13             1.87
incl.                           75       78              3             6.53
CFD-56        Americano         21       26              5             1.55
CFD-58        Americano         35       37              2             1.65
                               120      122              2             6.50
CFD-59        Americano         29       49             20             1.02
                                70       77              7             1.48
CFD-61        B52               85       88              3             1.09
                               101      103              2             1.09
                               111      117              6             3.04
incl.                          113      114              1            10.25
CFD-62        Americano         38       42              4             2.42
CFD-63        Americano         49       85             36             0.92
incl.                           61       73             12             1.43
CFD-64        Americano        150      168             18             2.36
incl.                          155      156              1             11.1
CFD-66        Americano                               No significant values
CFD-68        Americano       3.87        6           2.13             1.28
CFD-70        Espresso         179      187              8             1.36
CFD-72        Espresso                                No significant values
CFD-74        Espresso           6        8              2             2.29
CFD-76        Americano         68       71              3             2.24
                                78       80              2             1.73
                               124      129              5             2.18

(i) True widths are estimated at 50 per cent to 70 per cent of core length.

 

Detailed plan maps, cross-sections and assay sheets of Americano, Espresso and Latte extension holes are available on the Kaminak website.

Quality assurance/quality control

Kaminak’s disclosure of a technical or scientific nature in this news release has been reviewed and approved by Dr. Carpenter, PhD, PGeo, who serves as a qualified person under the definition of National Instrument 43-101. Quality assurance and quality control procedures include the systematic insertion of blanks and standards into the drill core sample string. Samples are placed in sealed bags and shipped directly by charter plane to the ALS Chemex preparatory laboratory in Whitehorse prior to gold fire assay and ICP-MS analysis. The Coffee property is an early-stage exploration property and does not contain any mineral resources as defined by National Instrument 43-101.

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NORTHERN TIGER RESOURCES INCREASES 3ACE LAND POSITION

Northern Tiger Resources Inc. has significantly expanded its land position at the 3Ace property in southeast Yukon. The company recently announced a new gold drill hole discovery on the project, including an intercept grading 14.8 grams per tonne gold over 10.9 metres. Since acquiring the initial 143 claims in April, Northern Tiger has staked an additional 823 claims and acquired 20 claims from a prospector to bring the total claim block up to 986 claims (206 square kilometres).

Seven regional targets totalling 256 claims (54 square km) have also been staked. These regional targets cover gold/arsenic silt geochemical anomalies in favourable quartz pebble conglomerate host rocks similar to those found on the 3Ace property.

“The success of our initial exploration season at 3Ace warranted a significant increase to our land position,” says Greg Hayes, president of Northern Tiger. “Northern Tiger now holds a substantial land package in an underexplored part of the Yukon that we have demonstrated is very prospective for the discovery of additional high-grade gold vein systems.”

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STINA CONFIRMS SIGNIFICANT NEW DISCOVERY IN WHITE GOLD DISTRICT

Stina Resources Ltd. has received and compiled analytical results from the 2010 soil sampling, trenching and diamond drilling programs. The core diamond drill program was conducted in September, 2010, and included five core drill holes totalling 657 metres on the Dime gold property, confirming it as a very significant new gold discovery in the White gold district, north of the Kinross (Underworld) Golden Saddle and Kaminak Coffee properties.

Drilling highlights include DDH-10-04 which returned 32 metres of 0.71 grams per tonne Au from 59.90 to 92.00 metres, including 9.6 m of 1.1 gm/t Au between 59.90 to 69.50 metres. Additionally, DDH-10-03 intersected 1.5 m of 4.15 gm/t Au from 58.5 to 60.0 m depth.

Holes DDH-10-03 and 04 were collared over trench 04, which returned 0.168 gm/t Au over 30 metres from continuous five m trench samples in August.

Grid auger soil sampling on 50 m by 100 m line spacing outlined significant gold-in-soil anomalies on the West, Central and East soil anomalies. Follow-up trenching (1,125 m in nine trenches) confirmed the soil results from anomalies with better results. Infill soil sampling on 25 m by 50 m grid spacing on the East anomaly confirmed prior results and identified additional areas for further trenching and drilling. These results were received while the drilling program was under way and have not yet been followed up on.

In September the five-hole 625 m drill program from three separate drill pads was completed, with four holes drilled on the Western gold soil anomaly and one hole on the new large 1.2-kilometre by 1.2-kilometre East gold soil anomaly located 2.5 km to the east. All holes intersected significantly anomalous gold. Core samples were collected over 1.5 m intervals and were processed and analyzed by Acme Analytical Labs.

Drill hole locations can be viewed at www.stinaresources.com/drillmap2010.jpg

Drill holes DDH-10-01 to DDH10-04 were drilled from two drill pads 185 metres apart on the West anomaly and intersected a brecciated and silicified east-west-trending fault zone with up to 5 per cent pyrite. The fault breccias display multiple episodes of quartz veining and brecciation and have now been traced for over 185 metres between holes DDH-10-01 and DDH-10-04.

DDH-10-03 and DDH-10-04 was collared over trench 4, and were both drilled at azimuth 20 degrees at 50 degrees and 75 degrees declinations respectively. DDH-10-03 intersected 1.5 m of 4.15 gm/t Au from 58.5 to 60.0 m depth. DDH-10-04 intersected 32 m of 0.71 gm/t Au including 9.6 m of 1.1 gm/t Au between 59.90 and 69.50 m depth.

A late infill detail soil sampling program over the Central and East (600 soils) soil anomaly (with values up to 885 parts per billion Au, 5,246 ppb As) was completed after the phase 2 trenching program. The infill soil sampling program will help the company to vector into the newly outlined gold zones during the 2011 trenching and drilling program.

The Dime gold property is a significant new discovery in the White gold district that warrants further exploration work. Stina is pleased with the results of the 2010 Dime exploration program, and will be planning an airborne magnetic and radiometric survey over the 308-claim block, along with additional trenching and core drilling in 2011. Stina considers these initial core drilling results as the start of a major exploration program on the property, and which will be key in establishing 2011 drill targets. Further details regarding the 2011 Dime and Kodiak programs will be announced in the near future.

 

                2010 DIME GOLD PROPERTY DRILLING RESULTS

                    From          To   Interval (m)   Grade (gm/t Au)

DDH-10-01           2.50       42.50        40.0 m      0.28 gm/t Au
Includes           17.00       18.50         1.5 m      1.35 gm/t Au
and                17.00       41.00        24.0 m      0.33 gm/t Au
DDH-10-01          51.50       64.00        13.0 m      0.25 gm/t Au
DDH-10-02          23.00       40.50        17.5 m     0.150 gm/t Au
DDH10-03           58.50       73.30        14.8 m     0.568 gm/t Au
Includes           58.50       60.00         1.5 m      4.15 gm/t Au
DDH-10-04          59.90       92.00        32.0 m      0.71 gm/t Au
Includes           59.90       69.50         9.6 m       1.1 gm/t Au
DDH-10-05           6.10       28.50        22.0 m     0.164 gm/t Au
Includes           21.75       22.50        0.75 m     0.726 gm/t Au

 

There has been insufficient exploration to define a mineral resource on the Dime property, and it is uncertain as to whether, or not, further exploration will result in the discovery of a mineral resource on the property. Al Doherty of Whitehorse, Yukon, is a designated qualified person acting for the company and assisted in the preparation of this news release.

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