Microsoft Word - TGR news release 21 December 2015.docx
TIGER INTERNATIONAL RESOURCES, INC. (TGR.V)
NEWS RELEASE - DECEMBER 18th, 2015
TSX-V: TGR US OTC: TGILF
NI43-101 TECHNICAL REPORT FILED FOR DANGLAY GOLD PROJECT, PHILIPPINES
TIGER INTERNATIONAL RESOURCES, INC. (TGR.V) is pleased to announce the filing today of an NI43-101 technical report (the "Report") in respect of the Danglay gold project in the Philippines (formerly known as the Itogon gold project). The Report supports the disclosure by Tiger International of an inferred resource estimate for oxide mineralisation at the Danglay prospect. The Report is available for download from Tiger International's website, and has been filed on SEDAR.
An inferred oxide resource estimate with respect to the Danglay project was disclosed on November 5th, 2015, with an effective date of October 24th, 2015, and is tabulated below as Table 2. This was a 'global' resource estimate with respect to oxide mineralisation at Danglay.
During the process of completing the Report, three areas of oxide mineralization (known as Danglay Ridge, Hillside and Bito) were identified. In order to better assess the exploration potential of these areas and more effectively plan further exploration, Mr Neil Motton BSc (Hons), MAusIMM, MSEG, of Snapper Resources Ltd, was asked to estimate the oxide resource for each area as three separate domains. This resulted in the revised resource estimate tabulated below as Table 1.
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Table 1:
Inferred Mineral Resource Estimate Oxide Mineralisation
Danglay Gold Project (EP-006-2011-CAR), Baguio District, Philippines
Effective date: 18 December 2015
Disclosed in accordance with Canadian NI43-101 Cut-off grade: 0.75 g/t gold
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|
Domain
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Tonnes
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Grade (g/t gold)
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Gold (oz)
|
|
Danglay Ridge
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387,000
|
1.73
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21,500
|
|
Hillside
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630,250
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1.48
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30,000
|
|
Bito
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260,250
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1.43
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12,000
|
|
|
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Total oxide
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1,277,500
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1.55
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63,500
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The key assumptions, parameters and methods used in the preparation of the above tabulated resource estimate are disclosed along with other items required under NI43-101 in the Report, which is entitled 'Geological Review & Inferred Resource Estimate, Danglay Gold Project, Baguio District, Philippines' with an effective date of December 18th, 2015, as filed on SEDAR by Tiger International.
The Danglay project is 100% held by Tiger International's Philippine subsidiary Cordillera Tiger Gold Resources, Inc. ("Cordillera Tiger") under an exploration permit granted by the Philippine government. ECR Minerals plc ("ECR") of London, United Kingdom has the right to earn a 50% interest in the Danglay project and is currently the operator of the project, through Cordillera Tiger. Mr Neil Motton, through Snapper Resources Ltd, is an independent geological consultant to ECR and has no other relationship of any kind with ECR. Mr Motton has no relationship of any kind with Tiger International.
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Table 2:
Inferred Mineral Resource Estimate Oxide Mineralisation
Danglay Gold Project (EP-006-2011-CAR), Baguio District, Philippines
Effective date: 24 October 2015
Disclosed in accordance with Canadian NI43-101 Cut-off grade: 0.75 g/t gold
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Domain
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Tonnes
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Grade ( g/t gold)
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Gold (oz)
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|
Oxide in situ
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919,000
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1.65
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48,500
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|
Oxide scree
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281,000
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1.35
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12,000
|
|
|
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Total oxide
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1,200,000
|
1.6
|
60,500
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ABOUT TIGER INTERNATIONAL
Tiger International is a Canadian resource exploration and development company. The Danglay gold project is located in an established gold mining district known as the Baguio District on the island of Luzon in the north of the Philippines. The Danglay project is 100% held by Tiger International's Philippine subsidiary Cordillera Tiger Gold Resources, Inc. under an exploration permit granted by the Philippine government (application for renewal pending). ECR Minerals plc of London, United Kingdom has the right to earn a 50% interest in the Danglay project and is currently the operator of the project, through Tiger International's Philippine subsidiary Cordillera Tiger.
FOR FURTHER INFORMATION PLEASE CONTACT:
Patric Barry, President, Tiger International Resources, at (949) 362.1600 or by email to [email protected]