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Tiger Resources Ltd.
Drill Results Confirm Significant New Zones of Copper and Silver Mineralisation at the Kipoi Project
Balcatta, Western Australia, Australia. September 11, 2007. Tiger Resources Ltd. (ASX: TGS, Frankfurt: A0CAJF):
Highlights
Kipoi North
- Significant Drill Intersections include:
- 31.5m @ 2.7% Cu and 26g/t Ag (silver);
- 37.4m @ 1.7% Cu and 16g/t Ag;
- 51.5m @ 1.7% Cu;
- 26.0m @ 2.3% Cu and 38g/t Ag
- 15.1m @ 2.54% Cu
- 10.3m @ 1.24% Cu
- Drill results delineate a 30 - 50 metre wide body of copper/silver oxide mineralisation over a strike of 250m to a depth of at least 100m.
Kipoi Central
Broad zone of high-grade oxide copper mineralisation:
- 96m @ 6.1% Cu - reported for Diamond drill hole KPCDD025
Tiger Resources Limited (ASX: TGS) is operating four drill rigs at the Kipoi Project to define substantial high-grade copper/cobalt/silver mineral resources.
The Kipoi Project contains five known mineral deposits and is situated in the centre of the Katanga Copperbelt approximately 75km NW of the town of Lubumbashi in the Democratic Republic of Congo.
Kipoi North
Recent drill results (Refer to Table 1) from a Diamond drilling programme at the Kipoi North deposit have confirmed a 30m to 50m wide, east-west trending zone of copper and silver oxide mineralisation over a strike length of 205m and to a vertical depth below surface of 100m for Kipoi North.
Mineralisation is hosted in a series of Lower Roan Group sediments (R2 Mine Series). In a regional context R2 sediments are highly prospective as they host some of the most productive mines in the Copperbelt including: Kinsivere, Kamoto and Tenke Fungurume.
Oxide copper mineralisation, is primarily in the form of malachite, with lesser amounts of azurite and cuprite. However, some sulphide mineralisation was also intersected and Native Copper metal was encountered in drill holes, KPNDD002 and KPNDD003.
An interpretation of the results suggests there are multiple zones of copper mineralisation.
Planned follow up programmes will include infill Diamond drilling to upgrade known mineralisation into a resource category and a 2000m RC drilling programme to test for potential extensions of the mineralisation along strike.
Kipoi Central
The latest drill results at Kipoi Central confirm the continuity and extensive nature of the high-grade supergene copper mineralisation characteristic of the style of oxide mineralisation seen at the deposit.
Drill hole KPCDD025 returned an intersect of 96m @ 6.1% Cu from a sequence of strongly oxidised Roan sediments. Mineralisation was recorded as broad zones of malachite best developed within brecciated siltstones. Zones of higher grade copper values are associated with fault and breccia zones which transect the siltstone
KPCDD025 was a scissor hole drilled at an orientation perpendicular to the dominant bedding direction of the Roan sediments hosting the mineralisation. The purpose of the holes was to help confirm the current geological model and test the consistency of previously reported high-grade copper intersects.
The location of the hole is shown in Figure 1.
Significant assay results were also received for hole KPCDD024 which was drilled to test for extensions of mineralisation along strike to the south. The hole returned an intersect of 65.0m @ 1.00% Cu which is regarded by the Company as highly encouraging as it confirms mineralisation is open along strike.
A summary of the recent results received from the resource definition drilling programme at Kipoi Central are shown in Table 2. The Company expects further results from its resource drilling programme at Kipoi Central will become available during September.
The original pdf news release includes tables with drill results and geological maps and is available for downloading using the following link. (1916 KB)
http://www.goldinvest.de/public/data/documents/
Tiger_Resources_News_Release_DrillResults_11Sept2007_e.pdf
For further information in respect of the Company's activities, please contact:
Tiger Resources Ltd.
D. J. Young, Managing Director
dyoung@tigerez.com
Richard Taylor, Investor Relations
rtaylor@tigerez.com
Mobile: +61 (0)422 811 350
Reg Gillard, Chairman
gillardr@crcpl.com.au
30 Ledgar Road, Balcatta, Western Australia 6021
Australia
Tel. +61 (8) 9240 1933
Fax +61 (8) 9240 2406
tiger@tigerez.com
http://www.tigerez.com/
http://www.tigerresources.de/
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