EDMONTON, ALBERTA, May 26, 2010 (Marketwire via COMTEX News Network) — Northern Tiger Resources Inc. (“Northern Tiger” or the “Company”)(TSX VENTURE:NTR) is pleased to announce that it has commenced a $2.6 million exploration program on its Yukon projects.
“The Yukon is continuing to gain attention as a great place to invest and explore, and we are excited to see our 2010 exploration program ramping up,” says Greg Hayes, President of Northern Tiger Resources. “From Sonora Gulch (copper-moly porphyry and epithermal gold potential), to our Minto-style projects (high-grade copper targets), and our new 3Ace property (abundant visible gold in an exposed quartz vein) we have a suite of projects with significant discovery potential.”
The Sonora Gulch project is 100% owned by Northern Tiger. As disclosed in a news release dated March 2, 2010, the property hosts a large gold geochemical anomaly covering approximately 9 square kilometres with gold-in-soil values ranging from trace to 2,340 ppb (average grade of 56 ppb over 1,971 samples). Contained within the broad gold anomaly is a 2 kilometre by 1 kilometre copper-molybdenum anomaly that the Company is evaluating as a copper-molybdenum porphyry system (see news release dated February 25, 2010).
A crew has been mobilized to the Company’s Sonora Gulch camp to begin line-cutting in preparation for a deep penetrating geophysical survey by Quantec Geosciences Ltd. (the “Titan 24 Survey”). The survey is scheduled for mid-June, and will measure direct current resistivity and induced polarization to depths up to 750 metres. The primary target for the Titan 24 Survey is copper-molybdenum porphyry mineralization.
Following completion of the Titan 24 Survey, Northern Tiger is planning 12 to 15 diamond drill holes (3,000 metres) on the Sonora Gulch property. The drill program is being planned to test the property’s porphyry potential as well as one or two of the high-priority gold targets contained within the broader 9 square kilometre gold-in-soil anomaly identified on the property. The drill program is anticipated to begin in late June.
Additional surface exploration, including mapping, prospecting, and geochemical surveys will also be completed to expand and further delineate the mineralized zones at Sonora Gulch.
Northern Tiger acquired five properties from Capstone Mining Corp. (“Capstone”) covering exploration targets where previous prospecting encountered copper mineralization similar to that found at Capstone’s Minto Mine. In addition, Northern Tiger and Capstone have a Regional Exploration Alliance Agreement (through Capstone’s wholly owned subsidiary Minto Explorations Ltd.), which provides for input and cooperation on planning and executing exploration programs and long term strategies for the area, sharing of technical expertise to assist in exploration and project advancement, and access to Capstone’s infrastructure to facilitate area exploration.
Two diamond drill holes (500 metres) are planned to test a Gradient Array Induced Polarization anomaly coincident with a copper-in-soil geochemical anomaly located on the DAD property (see news release dated April 13, 2010). The distinct chargeability high anomaly is suggestive of disseminated sulphide mineralization. It is 350 metres wide on the eastern end and 200 metres wide on the western end. The anomaly is in excess of 300 metres long, and open to both the east and west. The DAD drill program is anticipated to occur in early September upon completion of the Sonora Gulch drilling.
A surface exploration program is planned to investigate a number of airborne geophysical targets identified on the MEL property, which is located immediately to the north of Capstone’s Minto Mine. Additional surface exploration work is also planned to follow up on targets identified on the DEL and LED properties. This work is expected to occur in June, and if results warrant, ground geophysics surveys will be conducted over specific targets later in the season.
Northern Tiger recently optioned the 3Ace property from Mr. Alex McMillan, a long standing Yukon prospector who discovered a quartz vein containing abundant quantities of visible gold on the property. Historic work on the property has also identified a number of large gold-in-soil anomalies that warrant additional exploration (see news release dated March 5, 2010).
A six week surface exploration program is planned for the property, commencing in early July. In addition to thoroughly investigating the existing high grade occurrence, a detailed mapping, prospecting and sampling program will be used to identify similar geological and structural environments with potential to host additional high grade gold occurrences on the property.
This News Release has been reviewed and approved by Dennis Ouellette, BSC, PGeol, a Qualified Person as defined by NI 43-101.
Northern Tiger Resources Inc. is a Canadian-based resource exploration company focused on gold and copper exploration in the Yukon. Through its exploration alliance with Capstone Mining Corp.’s wholly owned subsidiary, Minto Explorations Ltd., Northern Tiger benefits from a wide range of experience, knowledge and capabilities from early exploration to mine production.
This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, “best-efforts” financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company’s expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com. The Company disclaims any intention or obligation to revise or update such statements.
SOURCE: Northern Tiger Resources Inc.
Northern Tiger Resources Inc.
President and CEO