Northern Tiger Resources Commences Drilling at 3Ace Project, Yukon
Northern Tiger Resources Inc. ("Northern Tiger" or the "Company") (NTR: TSX-V) is pleased to announce that diamond drilling has commenced on its 3Ace Project in the southeast Yukon. The first two holes have been completed on the Main Zone where 2011 drilling returned results up to 4.6 g/t gold over 35.0 metres, including 106.2 g/t gold over 1.0 metre (see news release dated October 25, 2011).
"The drill is now turning and we are looking forward to both following up on our excellent Main Zone results and drill testing new targets to demonstrate the potential size of the mineralized system at 3Ace," says Greg Hayes, President of Northern Tiger.
The first holes are targeting expansion of the Main Zone along strike and down-dip. Gold mineralization at the Main Zone currently has a drilled strike length of 220 metres, and is related to a steeply dipping shear zone which hosts an en echelon array of vein segments that are linked by stockwork veins and breccias. The drill will then shift to testing new gold targets on 3Ace where extensive gold-in-soil anomalies have been outlined over an area of 9 km2.
The start of the drill program was delayed due to a large snowpack and subsequent rapid melt that damaged sections of the Nahanni Range Road that provides access to the 3Ace Project. The Yukon Government responded quickly to the situation and the road is now open. Surface exploration (trenching, sampling, prospecting) continued during the delay.
The first holes are targeting expansion of the Main Zone along strike and down-dip. Gold mineralization at the Main Zone currently has a drilled strike length of 220 metres, and is related to a steeply dipping shear zone which hosts an en echelon array of vein segments that are linked by stockwork veins and breccias. The drill will then shift to testing new gold targets on 3Ace where extensive gold-in-soil anomalies have been outlined over an area of 9 km2.
The start of the drill program was delayed due to a large snowpack and subsequent rapid melt that damaged sections of the Nahanni Range Road that provides access to the 3Ace Project. The Yukon Government responded quickly to the situation and the road is now open. Surface exploration (trenching, sampling, prospecting) continued during the delay.
July 17, 2012 (Source: Northern Tiger Resources, Inc)
Disclosure: Northern Tiger Resources is a Vulture Bargain Candidate of Interest (VBCI) and is our fully fledged Vulture Bargain #7. Members of the GGR team are actively accumulating and hold long positions in NTR.V or NTGSF.
