Tiger Resources Limited
Resource Drilling Updates For Kipoi North And Kipoi Central Deposits - DRC
Balcatta, Western Australia, Australia. 28 March 2008. Tiger Resources Limited (ASX: TGS):
HIGHLIGHTS
Kipoi North Deposit
- Final results have been received for 14 RC holes and one diamond hole drilled at Kipoi North.
- Significant intersections include:
KPNRC004: 25m @ 2.1% Cu KPNRC005: 44m @ 2.0% Cu KPNRC007: 23m @ 2.8% Cu KPNRC008: 72m @ 2.8% Cu KPNRC010: 21m @ 1.7% Cu including 12m @ 4.2% Cu KPNRC012: 36m @ 1.3% Cu KPNRC017: 50m @ 1.4% Cu KPNDD022: 77m @ 2.2% Cu
- The new results double the strike extent of Cu mineralisation so far delineated at Kipoi North from 300m to over 600m.
- The results indicate that mineralisation is far wider and more pervasive the further west it extends along strike from the known historical workings.
- Grade of mineralisation also improves west along strike.
- Widths of mineralisation intersected in RC drilling are up to 80m down hole and mineralisation is oxidised to vertical depths of 90m below surface.
- Resource drilling on a 50m x 50m grid almost complete over a 600m strike at Kipoi North.
- Mineralisation remains open along strike and at depth.
Kipoi Central Deposit
- Significant results from 25m x 25m infill drilling program over the higher grade portion of mineralisation at Kipoi Central include:
KPCDD070: 78.4m @ 5.1% Cu KPCDD076: 77.0m @ 3.5% Cu KPCDD080: 32.5m @ 2.2% Cu KPCDD082: 122.5m @ 4.7% Cu
- The new results continue to confirm the exceptional grade and width of the high mineralisation at Kipoi Central as well as the excellent continuity on the mineralisation.
KIPOI DEPOSIT
The Kipoi North deposit is situated less than one kilometre to the north of the Kipoi Central deposit. Previous released results from a 14 hole diamond drilling programme confirmed a continuous zone of Cu mineralisation over a strike of 300m. The mineralisation differs from that at Kipoi Central as it is stratiform with good lateral grade continuity.
A 22 hole RC programme has recently been completed at Kipoi North for 2,128m, which was designed to test for extensions of mineralisation intersected in the previous diamond drilling programme to the west along strike.
The RC holes were drilled on a 50x50m grid. Due to poor ground conditions three holes KPNRC003, 009 and 016 had to be abandoned short of their target zone. Holes KPNRC008 and 017 ended in mineralisation.
Significant Cu mineralisation was intersected in the majority of the holes, refer to Table 1.
The results received to date are highly encouraging as they extend the mineralisation by a further 300m for a total strike length of more than 600m.
The Company is also encouraged that the width of the mineralisation at Kipoi North broadens to the west (refer to Figure 1) and that oxide mineralisation extends to a sub vertical depth of 90m below surface.
The mineralisation intersected in the RC holes appears not to be restricted to specific lithologies and is more pervasive than that intercepted in the earlier diamond drilling programme. The mineralisation also appear to be more structurally complex. In order to better model the mineralisation for resource estimate purposes, a new programme of 13 diamond drill holes is underway. Six diamond holes have so far been completed and results are available for hole KPNDD022 which returned an intersection of 77m @ 2.2%Cu.
Hole KPND022 was twinned with KPNRC003 and returned a higher grade intersect than was reported for KPNRC003.
PROJECT DESCRIPTION
The Kipoi Project is located in the Katanga Province of the Democratic Republic of Congo contains five Cu-Co deposits that are hosted in Roan sediments of the Central African Copper Belt. The Copperbelt is one of the great metallogenic provinces of the world which is hosting large number of world class high grade copper deposits such as the Tenke-Fungurume 550Mt 3.5% Cu and 0.3% Co, and the Kolwezi deposit 560Mt @ 4.4% Cu.
The Kipoi Project is in a similar lithotectonic and metallogenic setting to both the Tenke Fungurume and Kolwezi deposits. Tiger Resources has the right to acquire a 60% interest in Project.
D YOUNG Managing Director
The original news release includes further information, including tables and a map, and is available for downloading as a pdf file using the following link. (393 KB)
http://www.goldinvest.de/public/data/documents/ Tiger_Resources_News_Release_28Mar2008_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/
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