| ||May 03, 2011|
Northern Tiger Resources Announces $7 million Yukon Exploration Program
| ||May 3, 2011: Northern Tiger Resources Inc. ("Northern Tiger" or the "Company") (NTR: TSX-V) is pleased to announce a $7.2 million exploration program, including 12,500 metres of diamond drilling, is planned for 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 we had exceptional early exploration results at 3Ace. The short 2010 program produced drill intercepts including 4.3 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 November 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 ppb 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.
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 ppb 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 6.0 metres (see news release dated October 28, 2010). It is anticipated that the Sonora Gulch drill program will commence in early August.
DEL and BOND
Northern Tiger has also budgeted $0.2 million 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, B.Sc., P.Geol., a Qualified Person as defined by National Instrument 43-101.
Northern Tiger Resources Inc. (NTR: TSX-V) is a Canadian-based resource exploration company focused on gold and copper exploration in the rapidly developing Yukon. The company has an impressive portfolio of gold and copper focused projects in the Yukon, including 3Ace (with a new high-grade gold discovery), Sprogge, Sonora Gulch and five properties prospective for Minto-style high-grade copper mineralization. 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.
For further information please contact:
Greg Hayes, President and CEO
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. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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