Northern Tiger Acquires Additional Properties in White Gold Area Play


Northern Tiger Resources Inc. has acquired through staking of two new 100-per-cent-owned properties, the Korat and Birman properties, near Underworld Resources’ White Gold property, roughly 90 kilometres south of Dawson City, Yukon, Canada. In addition, 14 claims were added contiguous with Northern Tiger’s principal gold property, Sonora Gulch and 42 claims were added to Northern Tiger’s DAD property (prospective for Minto-style copper-gold mineralization).

“We are excited about the exploration activity in the Dawson Range area this season,” says Greg Hayes, president of Northern Tiger Resources. “Our work on Sonora Gulch has established the potential for multiple styles of gold mineralization over large areas, and the exploration results throughout the region are demonstrating the potential of the entire district. Our current drill program at Sonora is on schedule and we look forward to conducting regional exploration on our other properties in the Dawson Range area.”

The Korat property consists of 34 quartz mineral claims (714 hectares) and is approximately 19 kilometres northwest of Underworld’s Golden Saddle zone. The Birman property consists of 24 quartz mineral claims (514 hectares) and is approximately 15 kilometres to the southwest of the Golden Saddle zone. Both blocks cover ground within the same district-scale geological setting as the White Gold property. No major faults or structural breaks are known to occur in the area between the properties and the White Gold discovery. Northern Tiger’s exploration crew carried out preliminary prospecting and soil sampling on the properties to follow up on anomalous antimony stream sediment values identified by government geochemical surveys. Results are pending.

Subject to approval by the TSX Venture Exchange, the company has agreed to issue a total of 100,000 Class A common shares and grant a 1-per-cent net smelter return royalty on each of the properties to an arm’s-length consultant in consideration for services rendered in identifying the target properties. About 0.5 per cent of the net smelter royalty return may be repurchased for $500,000. The common shares have a deemed price of 20 cents per common share, will be subject to a four-month restricted period and will be issued pursuant to exemptions from prospectus and registration requirements.

This news release was reviewed and approved by Carl Schulze, PGeo, qualified person for the Northern Tiger properties.

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