Northern Tiger Resources Announces $7 Million Yukon Exploration Program

Northern Tiger Resources Inc. ("Northern Tiger" or the "Company") (TSX
VENTURE:NTR) 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.


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 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. (TSX VENTURE:NTR) 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.


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.
(TSXV:NTR)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024