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Tiger
Resources Ltd.
Further
significant drill results at Kipoi Central, including 133.5 m @ 6.1% Cu
Balcatta, Western Australia, Australia. October 31,
2007. Tiger Resources Ltd. (ASX: TGS, Frankfurt: A0CAJF):
Latest drilling results from the ongoing resource diamond drill programme
at Kipoi Central continue to confirm the potential for a significant high
grade oxide deposit.
- Significant drilling intersect of 133.5m at 6.1% Cu (KPCDD029)
confirms grade continuity of mineralisation in central part of deposit and
depth extent of oxide mineralisation.
- Other significant results include:
- KPCDD016: 16.1m @ 2.1% Cu and 16.7m @ 1.9% Cu
- KPCDD019: 8.5m @ 0.8% Cu and 2m @ 2% Cu
- KPCDD020: 32m @ 0.9% Cu
- KPCDD026: 56m @ 1.7% Cu
- KPCDD027: 24m @ 0.8% Cu
- New results extend mineralisation over a strike length of 550m, to
vertical depths of over 150m and confirm substantial high grade sector of
6+% Cu.
- The mineralisation remains open at depth and to the west and
south.
- Currently 5 drill rigs operating at Kipoi Project.
- JORC compliant resource for Kipoi Central expected to be completed in
December 2007.
KIPOI PROJECT (TGS earning a 51% interest)
The Kipoi Project is situated 75km northwest of Lubumbashi in the
Katanga Province of the Democratic Republic of the Congo, (DRC). It is
located within the Africa Copperbelt which contains some of the world's
richest copper and cobalt deposits.
The Project area contains a 12km long segment (ecaille) of extensively
Copper/Cobalt mineralised Upper Roan (R2, R4) sediments. Within the
mineralised sequences there are at least five areas of very significant
concentrations of Cu-Co metal, including Kipoi Central, Kipoi North,
Judeira, Kileba and Kaminamfitwe. The Company currently has two diamond,
two RC and one aircore drill rigs operating at the Kipoi Project.
RECENT DRILLING RESULTS
The Company has received further results from its ongoing extension and
infill drilling programme at Kipoi Central. The new significant drill hole
intersections are presented in Table 1, and details of all significant
drill hole intersections received to date are presented in Table 2. A plan
of the drill collars at Kipoi Central and an outline of the mineralised
zone projected to surface is at Figure 1.
Table 1. Summary of New Significant Results for Kipoi Central
Resource Drilling. (Table 1 is included in the original pfd news release
that is available for downloading at the end.)
KPCDD029 (133.5m at 6.1% Cu) is viewed as being of significant economic
importance as (together with KPCDD025, 96.0m at 6.1% Cu) it confirms
continuity and extent of high grade mineralisation (plus 6%Cu) in the best
developed part of the orebody and also supports the geological model being
used as the basis of the JORC Resource estimate.
KPCDD029 was collared three metres from KPCDD025 but drilled with
azimuth of 267� (KPCDD025 azimuth 330�) to test the extent and continuity
oxide copper mineralisation through the main mineralised zone at Kipoi
Central Consistently high grade mineralisation was reported from 17.5m to
151.0m. The mineralisation is hosted in shales, dolomite and carbonaceous
siltstone (black siltstone). The black siltstone was extensively
mineralised with copper oxide minerals, malachite and minor azurite, to a
depth of 82m downhole and primary copper minerals, chalcopyrite with minor
bornite, from 82m to 125m Mineralisation continued in the underlying units
as mixed sulphides and oxides with a second mineralised oxide zone at 140m
to 151m.
The result for hole KPCDD026 was unexpected as it was drilled to close
off western margin of the deposit but returned an intersect of 56m @ 1.7%
oxide copper mineralisation. This is interpreted as representing a possible
major extension to the orebody.
The known copper mineralisation at Kipoi Central now extends over a
strike length of 550m, to vertical depths of over 150m, includes a
substantial high grade sector of 6+% Cu and includes significant zones of
high grade cobalt mineralisation.
A JORC compliant resource estimate for Kipoi Central is currently being
prepared and is expected to be available in December 2007.
The original pdf news release includes tables with drill results and a
geological map and is available for downloading using the following link.
(282 KB)
http://www.goldinvest.de/public/data/documents/
Tiger_Resources_News_Release_31Oct2007_e.pdf
For further information in respect of the Company's activities,
please contact:
Tiger Resources Ltd.
D. J. Young, Managing Director
Richard Taylor, Investor Relations
Mobile: +61 (0)422 811 350
Reg Gillard, Chairman
30 Ledgar Road, Balcatta, Western Australia 6021
Australia
Tel. +61 (8) 9240 1933
Fax +61 (8) 9240 2406
http://www.tigerez.com/
http://www.tigerresources.de/
AXINO AG
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Germany
Tel. +49 (711) 25359230
Fax +49 (711) 25359233
http://www.axino.de/
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