NTR

Northern Tiger Resources Inc. ("Northern Tiger" or the "Company") (TSX
VENTURE:NTR) is pleased to announce that trenching on the Sprogge Project has
returned assays up to 8.5 g/t gold over 6.8 metres, including 40.5 g/t gold over
1.0 metre. The Sprogge Property is adjacent to the Company's 3Ace Project in the
southeast Yukon, where 2012 drilling included intercepts of 1.5 g/t gold over
45.4 metres and 3.6 g/t gold over 8.6 metres (see news release dated October 31,
2012). In addition, the Company has renegotiated its option agreement with
Alexco Resource Corp. (TSX: AXR, NYSE-Amex: AXU) and Newmont Canada Corporation,
a subsidiary of Newmont Mining Corporation (NYSE: NEM) (the "Vendors"). 


"The trenching and channel sampling program verified three structures with
significant gold mineralization," says Greg Hayes, President of Northern Tiger.
"The Meadow and Ridge Zone West structures in particular are now priority
drill-ready targets within the larger two kilometer long trend of mineralization
and extensive hydrothermal alteration outlined at Sprogge."


The Sprogge Property's geology is similar to that at 3Ace, and includes a thick
succession of interbedded calcareous sandstone, quartz pebble conglomerate, and
phyllite. The sedimentary rocks are folded and form a large anticline in the
central portion of the property. The fold system was subsequently overprinted by
southwest and west-striking brittle faults which control the observed
distribution of hydrothermal alteration, mineralization, and associated quartz
vein systems. Trenching or channel sampling were conducted at three locations
during the 2012 exploration program.


Meadow Zone

Trenching at the Meadow Zone exposed a 2 metre wide, steeply-dipping,
southwest-striking brittle fault zone that crosscuts a thin-bedded siltstone
unit. The core of the fault zone is comprised of chlorite-muscovite-scorodite
altered clay fault gouge. Chip samples from across this zone yielded a composite
of 8.5 g/t over 6.8 metres. A second trench, two metres to the south, was also
mineralized, indicating the presence of a steeply-dipping, 13 metre wide zone of
hydrothermal alteration and gold mineralization. Significant chip sample results
include:




--  8.5 g/t gold over 6.8 metres, including 40.5 g/t gold over 1.0 metres. 
--  0.8 g/t gold over 3.9 metres 



Ridge Zone West

The Ridge Zone West is located 225 metres southwest of the Meadow Zone, and is
comprised of arsenopyrite and clay alteration hosted by a cataclasite unit
within a 15 metre wide southwest-striking brittle fault zone. Channel samples
were collected from existing outcrops across the strike of the fault zone and
demonstrate the presence of gold mineralization and an associated zone of
intense hydrothermal alteration. Significant channel sample results include:




--  4.6 g/t gold over 1.0 metre 
--  7.1 g/t gold over 1.8 metres 
--  2.2 g/t gold over 2.6 metres 
--  2.0 g/t gold over 2.6 metres 



Ridge Zone East

The Ridge Zone East is located 850 metres southeast of the Meadow Zone and is
characterized by quartz tension vein arrays formed within steeply-dipping,
west-striking brittle-ductile shear zones that cross-cut a thick package of
quartz pebble conglomerate. Stockwork quartz veins are developed outside the
narrow high-strain shear zones, within the strongly fractured wall rock.
Scorodite alteration and visible arsenopyrite is distributed along fractures and
within quartz veins. Significant channel sample results include:




--  7.6 g/t gold over 2.5 metres 
--  0.4 g/t gold over 2.9 metres 



Option Agreement Amendment

The Sprogge Property Option Agreement has been amended to extend certain
timelines for making cash payments and exploration expenditures. Under the
amended terms, the Company will be required to make the following payments to
the Vendors to complete the option:




i.  $200,000 on or before March 3, 2014 
ii. $250,000 on or before March 3, 2015 



The Company is also required to incur additional exploration expenditures as
follows:




i.  $300,000 on or before December 31, 2013 
ii. $300,000 on or before December 31, 2014 
iii.$500,000 on or before December 31, 2015 



Northern Tiger has the option to earn a 100% interest in the property. The
Vendors retain a 2% net smelter return interest (NSR) on the property, and
Northern Tiger can purchase 1% of the NSR for $1,000,000. 


This News Release has been reviewed and approved by Dennis Ouellette, B.Sc.,
P.Geol., a Qualified Person as defined by NI 43-101. All rock samples were
analyzed by Inspectorate America Corporation of Richmond, British Columbia using
50 gram fire assay and 50-element, 4-acid ICP analysis. 


Northern Tiger Resources Inc. (TSX VENTURE:NTR) is a Canadian-based resource
exploration company focused on gold and copper exploration in the Yukon, where
it has a strong portfolio of projects. Drilling has intersected 4.6 g/t gold
over 35.0 metres (including 106.2 g/t gold over 1.0 metre) at the Company's
flagship 3Ace Project in southeast Yukon. The Sonora Gulch copper-gold-silver
porphyry project in central Yukon also has also returned significant drill
results, including 0.45 g/t gold and 3.0 g/t silver over 234.0 metres. 


This news release may contain forward looking statements, being statements which
are not historical facts, including, without limitation, statements regarding
potential mineralization, exploration results, resource or reserve estimates,
anticipated production or results, sales, revenues, costs, "best-efforts"
financings or discussions of future plans and objectives. There can be no
assurance that such statements will prove accurate. Such statements are
necessarily based upon a number of estimates and assumptions that are subject to
numerous risks and uncertainties that could cause actual results and future
events to differ materially from those anticipated or projected. Important
factors that could cause actual results to differ materially from the Company's
expectations are in Company documents filed from time to time with the TSX
Venture Exchange and provincial securities regulators, most of which are
available at www.sedar.com. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Northern Tiger Resources Inc.
Greg Hayes
President and CEO
info@northern-tiger.com

(TSXV:NTR)
Historical Stock Chart
Von Mai 2024 bis Jun 2024

(TSXV:NTR)
Historical Stock Chart
Von Jun 2023 bis Jun 2024