Lupoto Copper Project (PR2214) Drilling Update - High grade intercepts for final three holes reported at Sase Central
PERTH, Western Australia, March 21 /CNW/ --
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DISSEMINATION IN THE UNITED STATES
ASX Code: TGS
TSX Code: TGS
PERTH, Western Australia, March 21 /CNW/ - Tiger Resources Limited (ASX: TGS) (TSX: TGS), ('Tiger' or 'Company') is pleased to report high
grade results of the final three holes of the recently completed
drilling programme at its 100%-owned Lupoto Copper Project (PR 2214) in
the Democratic Republic of Congo.
Highlights
-- All results of the 23 hole RC & DD drilling programme at Sase
Central are now released
-- High-grade intercepts between 26m and 121m from surface are
reported for the final three holes of RC infill drilling at
Sase Central, including:
o 24m @ 4.81% Cu intersected in hole SASRC011
o 35m @ 1.58% Cu (including 17m @ 2.13% Cu) intersected in hole
SASRC012
o 50m @ 1.36% Cu (including 15m @ 2.38% Cu) intersected in hole
SASRC013
-- Results provide additional confirmation of the high grade zone
of primary and supergene mineralisation identified in earlier
drilling.
-- High grade primary mineralisation remains open at depth, with a
number of holes from the recent programme ending in
mineralisation, including SASRC013 which includes an intercept
of 34m @ 5.49% Cu and ended in mineralisation of 9.57% Cu at
121m.
-- Mineralisation remains open along strike to the east and west
with the eastern area likely to be the focus of future
drilling.
-- Work is underway on a maiden JORC resource calculation,
expected to be released in April 2011.
Sase Central Infill Drilling
Final assay results have been received for the remaining three holes to
be reported of a total of 23 holes (18 RC and five DD) for 3,131.9m (RC
2,615m and DD 516.9m) completed as the infill component of the drilling
programme at Sase Central.
SASRC011, SASRC012 and SASRC013 have all returned significant intercepts
of high grade supergene and primary mineralisation, confirming the
continuity of the high grade zone within the high grade envelope.
Table 1: Significant intercepts from the results received for the final
three RC drill holes
Collar Easting Northing Azi Incl EOH From To Interval Cu %
ID
SASRC011 508550 8733906 N/A -90 97m 61 85 24 4.81
(o)
SASRC012 508550 8733930 N/A -90 100m 37 72 35 1.58
(o)
Including 17 2.13
77 80 3 0.99
SASRC013 508600 8733925 180 -60° 121m 26 28 2 0.66
32 82 50 1.36
Including 15 2.38
87 121 34 5.49*
Including 15 7.82*
Explanatory notes for Table 1 intercepts.
1. Intercepts calculated with a 0.5% Cu cut off
2. Maximum 3m internal dilution (below cut off)
3. * Denotes intercepts reported previously
4. Samples processed by ALS Chemex Johannesburg using ME-ICP61 and
ME-OG62 for samples with results greater than >10 000 ppm Cu (1%)
The high grade primary mineralisation remains open at depth. Several of
the RC drill holes in the programme ended in mineralisation (with holes
terminated due to drilling difficulties). SASRC013 includes an
intercept of 34m @ 5.49% Cu ended in mineralisation of 9.57% Cu at
121m. Previously reported holes SASRC009 and SASRC022 had end of hole
grades of 6.08% Cu and 1.3% Cu respectively. Collar locations of these
holes can be seen in Figure 1.
Mineralisation remains open along strike to the East and West with the
eastern area likely to be the focus of future drilling.
Work is underway on a maiden JORC resource calculation at Sase Central,
expected to be released in April 2011.
Figure 1: Sase Central collar plan
To view Figure 1 please visit: http://files.newswire.ca/937/figure1(2).pdf
Background
The Sase Project is situated within the Lupoto Permit (PR2214). The
northern boundary of the permit is located approximately 10kms to the
south of the Kipoi Project and the project area can be accessed by a
road that leads directly to Kipoi.
The Company holds a 100% interest in the Lupoto Permit and Aurum sprl
has the right to a 1% NSR from any production.
The Sase Project is located in an area of intersecting splay structures
associated with a major project scale fault system, the Sase fault
zone. Fault breccias related to the fault systems represent important
exploration targets. Several other analogues geological settings have
been identified in other parts of the Lupoto Project area.
Mineralisation at Sase is hosted in intensely brecciated sedimentary
rocks, mainly carbonaceous siltstones, shales and dolomites of the
lower kundelungu group. These stratigraphic units are known to host one
of the world's largest PB-Zn-Cu deposits at Kipushi, 50km west of
Lubumbashi in the DRC.
There is potential for the mineralisation to extend the life of the
stage 2 development at Kipoi Central.
Scientific or technical information in this news release has been
prepared by or under the supervision of Mr Brad Marwood, Managing
Director and a full-time employee of the Company and a Member of the
AusIMM. Mr Marwood has sufficient experience which is relevant to the
style of mineralisation under consideration and to the activity which
he is undertaking to qualify as a Competent Person as defined in the
JORC Code and to qualify as a 'Qualified Person' under NI 43-101. Mr
Marwood has verified the data disclosed in this news release, including
sampling, analytical and test data underlying the information or
opinions contained in this news release. Mr Marwood consents to the
inclusion in this news release of the matters based on his information
in the form and context in which it appears.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/March2011/21/c4783.html
For further information in respect of the Company's activities, please contact:
Brad Marwood | Stephen Hills | Nathan Ryan |
Managing Director | Chief Financial Officer | Investor Relations |
Tel: ( 61 8) 9240 1933 | Tel: ( 61 8) 9240 1933 | Tel: ( 61 0)420 582 887 |
Email: bmarwood@tigerez.com | Email: shills@tigerez.com | Email: nryan@tigerez.com |
Company website: www.tigerresources.com.au