NORTHERN TIGER RESOURCES ANNOUNCES $7 MILLION YUKON EXPLORATION PROGRAM


Northern Tiger Resources Inc. has provided information about a planned $7.2-million exploration program, including 12,500 metres of diamond drilling, on its Yukon properties in 2011. The exploration programs are designed to follow up high-grade gold drill discoveries made in 2010 at both the 3Ace and Sonora Gulch projects. Drilling is expected to begin in late May at the company’s 3Ace and Sprogge projects in the southeast Yukon (10,000 metres planned) and in early August at Sonora Gulch in the central Yukon (2,500 metres planned).

“We are planning an aggressive program to follow up on 3Aces’s exceptional 2010 exploration results,” says Greg Hayes, president of Northern Tiger. “With 3Ace already hosting multiple high-grade gold targets, the addition of Sprogge’s significant gold-in-soil anomaly, and a Sonora Gulch program focused on our new drill discovery — a large geochemical and geophysical target tested with only a single hole so far — we believe the potential for multiple discoveries in 2011 to be high.”

3Ace and Sprogge

Northern Tiger has budgeted $6-million for exploration at 3Ace and the adjacent Sprogge property, as the company focuses on the southeast Yukon where it had exceptional early exploration results at 3Ace. The short 2010 program produced drill intercepts including 4.3 grams per tonne (g/t) gold over 30.3 metres and 14.8 g/t gold over 10.9 metres in the Main zone (see news release dated Nov. 4, 2010) and also outlined a number of compelling high-grade gold targets over an area in excess of four square kilometres. The recently optioned Sprogge property is adjacent to 3Ace and also hosts a significant gold geochemical anomaly in a similar geological setting (see news release dated April 12, 2011).

The company is planning 10,000 metres of diamond drilling and will focus on the Main zone, where two diamond drill holes have already intersected significant gold mineralization, and on Green zone west (a 1,000-metre-by-500-metre anomaly averaging 115 parts per billion gold in soils). Up to five additional targets on 3Ace and Sprogge will also see preliminary drill testing this year. In addition to the drilling, an extensive surface exploration program is planned for the properties, including: soil, silt and rock sampling, airborne and ground geophysical surveys, trenching, prospecting, and mapping. It is anticipated that some of the new targets generated from this work will be drill tested as part of the 2011 program. The program is expected to commence in late May, after the construction of a new 45-man camp to accommodate the significantly increased activity level.

Sonora Gulch

Northern Tiger has budgeted $1-million for exploration drilling at Sonora Gulch. The primary focus of this 2,500-metre diamond drill program will be on the Gold Vein zone — a 1.4-kilometre-long geochemical anomaly averaging 161 parts per billion gold in soils. A single drill hole testing the anomaly in 2010 returned a discovery intercept of 7.6 g/t gold and 155.5 g/t silver over six metres (see news release dated Oct. 28, 2010). It is anticipated that the Sonora Gulch drill program will commence in early August.

DEL and BOND

Northern Tiger has also budgeted $200,000 for programs at the DEL and BOND properties. The programs will involve additional prospecting, sampling and ground geophysical surveys to follow up on anomalous copper samples. DEL and BOND were acquired from Capstone Mining Corp.’s wholly owned subsidiary, Minto Explorations Ltd., in June, 2008, and encompass exploration targets where previous prospecting encountered copper mineralization similar to that hosting Capstone’s Minto mine.

This news release has been reviewed and approved by Dennis Ouellette, BSc, PGeol, a qualified person as defined by National Instrument 43-101.

Be Sociable, Share!

, , , , ,

Comments are closed.