🕐02.03.10 - 12:42 Uhr
Northern Tiger Resources Reports 9 Square Kilometre Gold Anomaly at Sonora Gulch
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Re: News Release - Tuesday, March 02, 2010
Northern Tiger Resources Reports 9 Square Kilometre Gold Anomaly
at Sonora Gulch
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March 2, 2010: Northern Tiger Resources Inc.
(NTR: TSX-V) announces
that 2009 fieldwork was successful in further refining and expanding
the priority gold targets at Sonora Gulch.
Work to-date has identified
a near-continuous geochemical gold-in-soil anomaly (>20 ppb) that
extends for 6 kilometres with an average width of approximately 1.5
kilometres.
"Both the size and the intensity of the overall gold trend at Sonora
Gulch compare very favorably with other anomalies currently being
explored in the very active Dawson Range/White Gold district," says
Greg Hayes President of Northern Tiger Resources.
"Exploration at
Sonora Gulch continues to demonstrate the property's gold potential,
and a number of very compelling targets remain to be drill-tested."
The broad gold trend, defined by 1,971 soil samples (22% collected in
2009), now covers approximately 9 square kilometres.
Gold-in-soil
values range from trace to 2,340 ppb, with an average grade of 56 ppb.
Within this broader trend, a number of clusters with significantly
elevated gold values have been identified as high priority targets for
additional exploration, including the Gold Vein, Sonata, and Concerto
Creek anomalies.
The copper-molybdenum porphyry target (see news
release dated February 25, 2010) is also contained within this broad
trend.
Gold Vein Anomaly
Additional soil sampling in 2009 has expanded and improved the
definition of the historic Gold Vein Anomaly.
The anomaly now measures
approximately 1.2 kilometres by 0.4 kilometres and shows strongly
elevated gold-in-soil values up to 1,215 ppb and averaging 161 ppb over
112 samples (97% collected in 2009).
The anomaly overlies a felsic
intrusive unit along the northern contact of the Dawson Range
batholith.
The target consists of structurally controlled
gold-sulphide and gold-quartz veins occurring as sheeted vein systems
and as stockwork veining in breccia zones.
The area was explored with a limited drill program in 1978.
Eleven
holes were drilled with narrow-diameter core to an average depth of
only 43 metres.
Although recoveries were quite poor, frequently less
than 60%, anomalous levels of gold (up to 4,150 ppb) were intersected
in each hole.
A significant portion of the anomaly remains to be drill
tested, and a reinterpretation of the historic results indicates that
the holes drilled in 1978 may not have successfully intersected the
intended target structures.
Sonata Anomaly
Additional soil sampling has expanded the Sonata Anomaly, first
identified in 2008, to an area measuring approximately 1 kilometre by 1
kilometre.
An interpreted narrow unmineralized ultramafic sill bisects
the anomaly.
The polymetallic anomaly was defined from 81 soil samples
(94% collected in 2009), with elevated levels of gold (maximum of 1,755
ppb; average 83 ppb), copper (maximum of 1,680 ppm; average 105 ppm),
molybdenum (maximum of 42 ppm; average 3 ppm), silver (maximum of 77
ppm; average of 3 ppm) and lead (maximum of 6,670 ppm; average of 217
ppm).
Concerto Creek Anomaly
2009 field work has also improved the delineation of the Concerto Creek
Anomaly.
The anomaly now measures approximately 700 metres by 400
metres, identified from 52 samples (31% collected in 2009) with
gold-in-soil values ranging up to 334 ppb (average 63 ppb).
The
anomaly is located along the north contact of a late feldspar
porphyritic intrusion.
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 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 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
(), or visit our Investor Relations Hub at
http://agoracom.com/ir/NorthernTiger.
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.
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) 2010 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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