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Tiger International Resources Inc

Publié le 12 mars 2015

March 12, 2015 Update on exploration at Itogon Gold Project

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March 12, 2015 Update on exploration at Itogon Gold Project

Microsoft Word - TGR news release 12 March 2015-1.docx

TIGER INTERNATIONAL RESOURCES, INC. (TGR.V)

NEWS RELEASE - MARCH 12th, 2015
TSX-V: TGR
US OTC: TGILF

UPDATE ON EXPLORATION AT ITOGON GOLD PROJECT

TIGER INTERNATIONAL RESOURCES, INC. (TGR.V) is pleased to provide the following update on activities at the Itogon gold project, Philippines.

The Itogon 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 Itogon project and is currently the operator of the project, through Cordillera Tiger. The text below is excerpted from a news release by ECR made March 12th, 2015. A copy of the full ECR news release may be obtained from www.ecrminerals.com
- Excerpt begins -

Progress of Drilling

Three diamond drill holes (EDD001, EDD002 and EDD003) have been completed since the current drilling programme commenced on 22 January
2015. A fourth hole, EDD004, is more than three quarters complete.
EDD004 did not form part of the programme as initially planned and as announced by the Company on 22 December 2014, but has been designed subsequently to follow up positive indications from the logging of core from EDD002.
Following completion of EDD004, the drill rig will be moved to the ERC002 drill pad. There it is planned that the rig will attempt to extend ERC002 and intercept a structure which was intercepted at depth by EDD002 and which is thought to be of geological significance.
ERC002 is a 150m reverse circulation (RC) hole drilled in April 2014 as part of ECR's first drilling programme at Itogon. ERC002 returned wide intercepts at depth (15m at 3.29g/t gold from 82m, with 2m at 18.25g/t from 92m; and 17m at 1.57g/t gold from 101m, with 3m at 5.45g/t gold from 103m).
Excluding EDD004, 439.5m has been drilled to date in the current programme, as summarised in Table 1 below. The target depth of EDD004 is
120m. The Company therefore remains well within its budgeted number of metres for this programme (990m).

Table 1:

2015 Diamond Drilling at Itogon Gold Project, Philippines

Holes Completed to 12 March

2015

Hole

ID

Plan

ID*

Depth

EDD001

Plan

001

206.3

EDD002

Plan

025

112.0

EDD003

Plan

015

121.2

EDD004

n/a

Target 120m

* Refers to designation in ECR's announcement dated 22 December 2014
Decisions regarding further drilling in the current programme will be made on the basis of evolving geological interpretations and assay results as they become available.
Core samples from EDD001 and EDD002 are at ECR's chosen independent laboratory for analysis. Core samples from EDD003 will be despatched to the laboratory shortly.
Images of the current drilling programme at Itogon may be viewed at:
http://www.ecrminerals.com/itogon-drilling-mar2015

Channel Sampling Results

A vein striking approximately NW and dipping approximately 45 degrees to the SW was exposed in the preparation of the EDD002 drill pad. The vein was sampled over 10m of strike using six 1m channel samples, each 2m apart.
Assay results from the six channel samples are reported in Table 2 below. The directors of ECR consider the grades to be encouraging.

Table 2:

February 2015 Channel Sampling on EDD002 Drill Pad

Itogon Gold Project, Philippines

From

(m)

To

(m)

Apparent

Width

(m)

Grade

(g/t gold)

0.0

1.0

1.0

2.97

0.0

1.0

1.0

0.61

0.0

1.0

1.0

1.63

0.0

1.0

1.0

0.93

0.0

1.0

1.0

14.62

0.0

1.0

1.0

7.83

Stephen Clayson, Chief Executive Officer of ECR, commented:

"Today's announcement is intended to keep shareholders up to date with progress at Itogon, and I hope illustrates the great effort being focused on the current drilling programme to ensure that maximum effect is obtained. We look forward to reporting material results of drilling when they are available."

QA/QC

Sampling was carried out under geological supervision. A secure chain of custody was maintained in the transport and storage of all samples, which were shipped to and analysed by Intertek Testing Services Philippines, Inc. ("Intertek"), an internationally accredited independent analytical laboratory in Metro Manila.
Upon arrival at Intertek samples were sorted, dried, crushed, split, and a fraction was pulverised. The method of analysis for gold was fire assay (50g charge) with AAS finish.
QA/QC measures including the use of blanks and standards were implemented by Intertek in relation to the analysis of the samples. The assay data reported is considered acceptable in the context of these measures.
Assay values have been expressed in this announcement as g/t (grams per tonne) gold but are received from the laboratory expressed as ppm (parts per million) gold. For the purposes hereof ppm gold and g/t can be considered equivalent.
- Excerpt ends -

QUALIFIED PERSON

Andrew Tunningley, a Member (Chartered Professional - Geology) in good standing of The Australasian Institute of Mining and Metallurgy ("AusIMM"), is responsible for the work programme being implemented on the Itogon project by ECR and has supervised the preparation of (and in doing so has verified) and approved all technical information contained in this news release.
Mr Tunningley's standing and membership designation with respect to AusIMM, and the nature and extent of his experience which is relevant to the style of mineralisation and type of deposit under consideration at the Itogon project and to the activity which he is undertaking in relation thereto, enable him to qualify for the purposes of this news release as a Qualified Person as defined in Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr Tunningley is an independent geological consultant to ECR and has no other relationship of any kind with ECR. Mr Tunningley has no relationship of any kind with Tiger International.

ABOUT TIGER INTERNATIONAL

Tiger International is a Canadian resource exploration and development company. The Itogon gold project is located in an established gold mining district known as the Baguio Gold Belt on the island of Luzon in the north of the Philippines, and benefits from an extensive historical dataset.
The Itogon project is 100% held by Tiger International's Philippine subsidiary Cordillera Tiger Gold Resources, Inc. under an exploration permit granted by the Philippine government.
ECR Minerals plc of London, United Kingdom has the right to earn a 50% interest in the Itogon 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]

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Données et statistiques pour les pays mentionnés : Philippines | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Philippines | Tous

Tiger International Resources Inc

CODE : TGR.V
ISIN : CA8869171030
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Tiger International est une société développant des projet miniers de cuivre et de nickel basée aux Etats-Unis D'Amerique.

Tiger International détient divers projets d'exploration aux Philippines et en Malaisie.

Ses principaux projets en exploration sont HONEY/NORMAN et EXPERANZA GOLD PROJECT aux Philippines et TAVAI NICKEL PROJECT en Malaisie.

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12/03/2015March 12, 2015 Update on exploration at Itogon Gold Project
Communiqués de Presse de Tiger International Resources Inc
02/08/2016July 22, 2016 Tiger International Resources Inc. Work Progra...
19/12/2015December 18, 2015 Ni43-101 Technical Report Filed For Dangla...
21/10/2015October 19, 2015 Update Re Itogon Gold Project
21/07/2015July 21, 2015 Further Positive Trenching Results From Itogon...
06/07/2015July 6, 2015 Positive Trenching Results From Itogon Gold Pro...
24/01/2015January 23, 2015 Itogon Gold and Silver Project – Work Progr...
23/12/2014December 22, 2014 Drilling To Commence At Itogon Gold Projec...
23/12/2014December 23, 2014 Update On Q4 2014 Exploration At Itogon Go...
05/04/2006(Tavai Nickel Project)Sabah Tavai nickel project applied for by Tiger Internationa...
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