🕐01.12.11 - 22:27 Uhr
NORTHERN TIGER IDENTIFIES NEW GOLD EXPLORATION TARGETS AT 3ACE PROPERTY, YUKON
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News Release - Thursday, December 01, 2011
Northern Tiger Identifies New Gold Exploration Targets at 3Ace
Property, Yukon
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December 1, 2011: Northern Tiger Resources Inc.
("Northern Tiger" or
the "Company") (NTR: TSX-V) is pleased to announce that all results
have been received from the 2011 soil geochemistry survey at the 3Ace
Property in the southeast Yukon.
A new 1,500 metre by 250 metre
gold-in-soil anomaly (the Kaiser trend) has been identified, and the
Green Zone East target has been expanded to 1,250 metres by 500 metres.
A number of gold-in-soil anomalies at 3Ace have been traced directly
to proximal outcrops of quartz pebble conglomerate containing
gold-bearing quartz veins, and soil sampling is considered to be a
primary exploration tool on the property.
The new Kaiser trend and
expanded Green Zone East thus represent important new exploration
targets.
A map showing the new anomalies is available on the Companys
website at www.northern-tiger.com.
"The expansion of our soil grids successfully defined two additional
kilometre-scale gold anomalies at 3Ace," says Greg Hayes, President of
Northern Tiger.
"The delineation of the Green Zone East and Kaiser
gold-in-soil trends represent a substantial expansion of our
mineralized footprint, and provides additional evidence that 3Ace hosts
a significant new gold system."
A total of 4,112 soil samples, covering 106 line kilometers, were
collected at 3Ace in 2011.
Au concentrations from the survey ranged
from <0.005 g/t to 2.0 g/t, including 431 samples in excess of 0.050
g/t gold and 197 samples in excess of 0.100 g/t gold.
The 3Ace
Property is underlain by interbedded successions of quartz pebble
conglomerate (QPC), sandstone, and black shale of the Hyland Group
Yusezyu Formation.
Although the stratigraphy is affected by regional
folds, it generally forms a moderately north-dipping homoclinal
structure on the property.
The earlier fold structures are cross-cut
by mineralised late brittle faults that have north, northeast, and
northwest trends.
The 2011 soil survey identified large areas of
prospective QPC stratigraphy and brittle fault structures that are
prospective for structurally controlled gold-bearing quartz veins.
This News Release has been reviewed and approved by Dennis Ouellette,
B.Sc., P.Geol., a Qualified Person as defined by NI 43-101.
All soil
samples were analyzed by Inspectorate America Corporation of Richmond,
British Columbia using 30 gram fire assay and 50-element, 4-acid ICP
analysis.
Northern Tiger Resources Inc.
(NTR: TSX-V) is a Canadian-based resource
exploration company focused on gold and copper exploration in the
Yukon.
The company has a portfolio of gold and copper focused projects
in the Yukon, including 3Ace (high-grade gold discovery made in 2010),
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 Companys 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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Copyright (c) 2011 NORTHERN TIGER RESOURCES (NTR) All rights reserved.
For more information visit our website at
http://www.northern-tiger.com/ or send mailto:
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