| ||November 24, 2008|
Northern Tiger Indentifies New Targets from Geochemical Surveys in Dawson Range, Yukon
| ||November 24, 2008: Northern Tiger Resources Inc (NTR: TSX-V) is pleased to announce that soil and silt geochemical surveying on the Company's 100% owned Sonora Gulch project has identified three significant target areas. In addition, several anomalies were identified and further staking was completed on the Dawson Range properties acquired from Sherwood Copper Corp.'s wholly owned subsidiary, Minto Explorations Ltd.|
"The geochemical results suggest that we are now looking at a potential 7 kilometre corridor of priority target areas, extending westward from the Concerto Creek Anomaly and including the previously drilled Amadeus and Nightmusic Zones. We have more than doubled the extent of potential mineralization," says Greg Hayes, President of Northern Tiger Resources Inc. "In addition, we are pleased at our initial results from reconnaissance exploration on our other Dawson Range properties."
The Nightmusic Zone, from which drilling in 2008 returned values to 4.96 g/t gold across 26.6 metres (NTR News Release Oct 28, 2008), occurs in the western portion of the much larger Nightmusic gold-copper-silver Anomaly. This anomaly extends roughly east-west for about 2,000 metres from Sonora Gulch to just west of Hayes Creek. Width of the anomaly varies from 50 to 300 metres. Gold-in-soil values commonly exceed 0.100 g/t, to a maximum of 0.843 g/t. High gold values have a strong correlation with high copper values, and weak to moderate silver values. The drilled portion (Nightmusic Zone) has tested only 350 metres of the Nightmusic Anomaly. The Sonora Gulch placer gold operation is located downstream from the Nightmusic Anomaly.
The Sonata Anomaly, with gold-in-soil values up to 0.128 g/t, is located 700 metres northwest of the Nightmusic Anomaly. It extends roughly 1.5 kilometres in an east-west orientation with a width of about 75 metres. Similar to the Nightmusic Anomaly, this soil and silt anomaly occurs along the south margin of an interpreted structure. Visible gold was panned from a streambed downstream of the structure. This anomaly may represent an offset portion of the Nightmusic Anomaly, displaced along the Big Creek Fault.
Widely spaced soil lines and silt samples from the area west of the Sonata Anomaly suggest the presence of an additional east-west trend, exceeding 2.0 kilometres in length, of high gold values to 0.132 g/t. Further work is required to delineate this trend, and to determine if it is contiguous with the Sonata Anomaly.
Concerto Creek Anomaly
The Concerto Creek Anomaly, occurring northeast of the Amadeus Zone, extends roughly 0.65 kilometres northeast-southwest, open to the northeast. Gold values up to 0.320 g/t are associated with strongly anomalous silver and lead values and weakly anomalous copper values. No bedrock source has been identified, although the setting suggests a local source. A "Specific Composite Grab" rock sample of strongly altered proximal float about 0.3 kilometres to the southeast returned a value of 1.34 g/t gold, and is associated with weakly anomalous gold-in-soil values.
Other Dawson Range Properties
Similar geochemical surveys were done across the Chopin property, staked in 2007 by Firestone Ventures, and the MEL, DEL, LED, DAD and BOND properties obtained from Minto Explorations Ltd, a wholly owned subsidiary of Sherwood Copper Corp. Highlights include:
Further work is required on all properties to delineate these anomalies, including subtle copper anomalies on the MEL and CHOPIN properties.
- Elevated to anomalous copper values ranging from 21 to 404 ppm copper over 1,200 metres from a reconnaissance soil sample line on the DAD property.
- A gold-in-soil anomaly with elevated copper was identified along the north boundary on the DEL property. Several silt samples collected in the north-western area returned anomalous gold values to 0.239 g/t, and rock sampling to the west also returned elevated copper and/or gold values. An additional 26 claims were staked to cover the potential extent of these anomalies.
- A single rock composite grab sample from an old pit on the LED property returned 1.74% copper with 0.399 g/t gold and 14.6 g/t silver. A weak coincident copper-gold anomaly was returned from a separate portion of the property.
This News Release has been reviewed and approved by Carl Schulze, BSc, PGeo, and Qualified Person for the property, in accordance with regulations under National Instrument 43-101. All samples were analyzed by ALS Chemex of North Vancouver, British Columbia, Canada using 50 gram fire assay and 35 element ICP analysis.
Northern Tiger Resources Inc. is a new Canadian-based resource exploration company focused on the rapidly developing Dawson Range gold-copper mining district in the Central Yukon. Through its exploration alliance with Sherwood Copper 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.
For further information please contact:
Greg Hayes, President and CEO
Toll Free: 1-866-266-6569
Fax: (780) 428-3476
Trading Symbol: NTR: TSX-V
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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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