Northern Tiger Resources Inc. With The Yukon Exploration Season In Full Swing, Northern Tiger Has Discovered Its Second Zone Of Hi by 24hgold

Keywords : Gold | Market | Market Conditions |

Re:        Media - Tuesday, August 14, 2012
Title:     With The Yukon Exploration Season In Full Swing, Northern Tiger Has Discovered Its Second Zone Of High Grade Gold
Publisher: Minesite.com
Author:    By Ryan Jackson in Vancouver

Last September's market drop hit Yukon explorers hard, and with the exploration season in the far north over for the year, companies could do little back then but hope for improved market conditions by the time the next drilling season came around.

Northern Tiger Resources was no exception. The company's share price dropped from over C60 cents last summer to around C15 cents today. The market's hardly any better now. Arguably it's worse.

But the exploration season is once more upon us, and Northern Tiger has hit the ground running. A 3,000 metre drill programme is already underway, but ahead of the results from that soil sampling and trenching has already delivered a second zone of high grade gold mineralization at the flagship 3Ace property.

3Ace is located in the southeastern Yukon, just along the border with the Northwest Territories. And it has some pedigree. According to Greg Hayes, Northern Tiger's President and Chief Executive, the first discovery vein outcrop "returned the highest hard rock assays to ever come out of the Yukon."

Very impressive grab samples returned up to 4,800 grams per tonne gold. What's more, the first drilling conducted at 3Ace also returned exceptional results: Thirty metres of core grading 4.3 grams per tonne was recovered from the very first hole, and that was immediately followed by 10.9 metres at 15 grams per tonne in the second hole.

And after the initial success in 2010, last year the company spent C$6 million on exploration and once again delivered exceptional results. "The strong results from the first major drill program have confirmed 3Ace as one of the Yukon's significant new gold discoveries", says Greg.

Click here to read the full Minesite article

Associated File: http://www.northern-tiger.com/i/pdf/Northern-Tiger-14th-August-2012.pdf

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