Judeira Prospect RC Drilling Update
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
ASX Code: TGS
TSX Code: TGS
PERTH, Western Australia, Dec. 1, 2011 /CNW/ - Tiger Resources Limited
('Tiger') is pleased to provide an update on the recently completed second phase of reverse circulation (RC) drilling at its Judeira prospect, within the mining licence area of the Kipoi Copper Project (PE533), in the Democratic Republic of Congo (DRC).Highlights
-- Coppermineralisation intersected in 18 of the 22 RC holes
completed in latest phase of drilling, with three holes ending
in mineralisation at depths in excess of 150m. Strong down dip
continuity confirmed.
-- The significant intersections include:
10m @ 1.58% Cu intersected in hole JUDRC030
36m @ 0.8% Cu intersected in hole JUDRC031
21m @ 0.58% Cuintersected in hole JUDRC033
22m @ 0.66% Cuintersected in hole JUDRC038
22m @ 0.46% Cuintersected in hole JUDRC042
43m @ 0.77% Cuintersected in hole JUDRC043
40m @ 0.56% Cuintersected in hole JUDRC044
16m @ 1.14% Cuintersected in hole JUDRC046*
17m @ 1.12% Cuintersected in hole JUDRC047
20m @ 0.82% Cuintersected in hole JUDRC048*
28m @ 0.69% Cuintersected in hole JUDRC049*
* Ended in mineralisation
-- Assay results confirm the continuity of copper oxide
mineralisation down dip in the southern mineralised area at
Judeira South and highlight continuous mineralisation on
sections in the central area and northern limit of the Judeira
North area.
-- Mineralisation remains open at depth in the southern region of
Judeira South.
-- Follow up diamond drilling is planned for the first quarter of
2012.
The 22 hole RC drilling programme was designed to test for strike, width and depth extension of copper mineralisation identified by the first phase drilling completed in June this year at the southern and northern sections of the Judeira prospect.
An economic cut-off grade of 0.3% copper has been used for this second phase of RC drilling, reflecting the findings of the Scoping Study for the development of a Stage 2 solvent extraction electrowinning (SXEW) facility at Kipoi.
Judeira South
Hole JUDRC048 extended the broad copper oxide intercepts encountered in drill hole JUDRC023 (up dip), with the hole ending in mineralisation at 153m [see Section 1 Fig.3] This section shows strong continuity from surface to depths of at least 153m, with the mineralisation widening at depth.
Fifty metres to the northwest on Section 2, hole JUDRC046 also extended broad up dip intercepts with the hole ending in mineralisation at 160m, indicating significant scope for further mineralisation to be found at depth and further down dip in this area. [See Fig.4]
A further 100m to the northwest on Section 3, hole JUDRC049 ended in mineralisation at 153m after intercepting 28m @ 0.69% Cu, again demonstrating the depth potential and broad nature of the oxide mineralisation. [See Fig.5]
Judeira North
The southernmost section drilled at Judeira North included holes JUDRC030 & JUDRC031. [See Fig2, for northern collar locations]. Both holes intercepted mineralisation over intervals of 45m and 36m respectively, providing another target area for follow up drilling. The hill to the south of this section is untested due to its topography and contains artisanal workings, so there is good potential for further drilling to expand known mineralisation to the south and down dip in this area.
Drill holes JUDRC043 & JUDRC044 both encountered broad intercepts of mineralisation (see Section 1 of Judeira North), however hole JUDRC045 was ended prematurely because of drilling difficulties and failed to intercept the down dip extension to mineralisation that is believed to exist [See Fig.6].
While some of the holes only encountered narrow mineralised zones, it is believed that faults perpendicular to strike may be having an effect on the distribution of the oxide mineralisation. As a result mineralisation is often more extensive than expected down dip in certain areas, but pinches and swells along strike. It is expected that further drilling will demonstrate the increase of mineralisation at depth.
A follow up diamond drilling programme is planned for early 2012 and will target areas where mineralisation is open.
Figure 1: Collar plan of southern area showing section lines
(Please refer to web site for figure)
Figure 2 : Collar plan of northern area showing section line
(Please refer to web site for figure)
Figure 3: Judeira South Drill Section 1
(Please refer to web site for figure)
Figure 4: Judeira South Drill Section 2
(Please refer to web site for figure)
Figure 5: Judeira South Drill Section 3
(Please refer to web site for figure)
Figure 6: Judeira North Drill Section 1
(Please refer to web site for figure)
Table 1: Intercepts from Judeira RC drilling (November 2011)
Collar ID Easting Northing Azi Incl EOH From To Interval Cu%
JUDRC028 506,865 8,759,394 45 -60 100 16 21 5 0.7
JUDRC029 506,848 8,759,541 45 -60 50 NSR
JUDRC030 506,565 8,759,763 45 -60 120 59 68 9 1.18
« 75 91 16 0.86
« 95 105 10 1.58
JUDRC031 506,595 8,759,798 45 -60 100 44 80 36 0.8
JUDRC032 506,493 8,759,847 45 -60 120 NSR
JUDRC033 506,535 8,759,883 45 -60 80 23 44 21 0.58
JUDRC034 506,470 8,759,960 45 -60 80 0 5 5 0.39
JUDRC035 506,435 8,759,924 45 -60 120 59 65 6 0.35
JUDRC036 506,411 8,760,042 45 -60 80 NSR
JUDRC037 506,375 8,760,005 45 -60 120 NSR
JUDRC038 506,348 8,760,117 45 -60 80 27 28 1 1.5
56 78 22 0.66
JUDRC039 506,313 8,760,082 45 -60 120 101 107 6 0.41
JUDRC040 506,264 8,760,173 45 -60 100 84 91 7 0.76
JUDRC041 506,227 8,760,138 45 -60 110 NSR
JUDRC042 506,226 8,760,214 45 -60 120 94 116 22 0.46
JUDRC043 506,224 8,760,268 45 -60 112 13 21 8 0.44
« 30 73 43 0.77
« 77 82 5 0.34
« 91 105 14 0.5
JUDRC044 506,192 8,760,243 45 -60 119 34 37 3 0.51
« 52 67 15 0.88
« 71 111 40 0.56
JUDRC045 506,158 8,760,202 45 -60 121 NSR
JUDRC046* 506,951 8,759,113 45 -60 160 119 135 16 1.14
« 149 160 11 0.68
JUDRC047 507,083 8,759,129 45 -60 153 17 25 8 0.6
« 29 34 5 0.89
« 48 65 17 1.12
« 89 117 28 0.48
JUDRC048* 507,000 8,759,090 45 -60 153 93 113 20 0.82
« 134 142 8 0.37
« 149 152 3 0.67
JUDRC049* 506,910 8,759,199 45 -60 153 81 86 5 0.4
125 153 28 0.69
Notes:
_____________________________________________________________________
|Cut-off grade of 0.3% Cu used, with a maximum internal dilution of 3m|
|Intercepts less than 3m not included unless > 1% Cu |
|Assays have been rounded up to 2 decimal places |
|Intervals with no return have been given a grade of 0% |
|Assaying performed by SGS Laboratories |
|No Significant Results 'NSR' |
|* Hole ended in mineralization |
|_____________________________________________________________________|
Background
Judeira is one of at least five known copper deposits contained in a 12km sequence of mineralised Roan sediments within the Kipoi Project area (PE533), and is approximately 6kms to the north-west of Tiger's recently commissioned Stage 1 HMS Plant located adjacent to the Kipoi Central deposit.
The Judeira prospect contains approximately 1.6km of strike composed of intermittently outcropping Mwashya (R4) sediments of the Roan Supergroup that are associated with a regional thrust that includes Kipoi Central (along strike to the SE) and the nearby Luisha mine (7.5km along strike to the NW) containing a total resource of 50m tonnes @ 2.1% Cu.
Earlier drilling programmes at Judeira were conducted in 2006 and 2007, when 20 RC holes and two diamond holes were drilled over the southern and northern mineralised areas where artisanal workings are evident. Air-core drilling was also used at that time to test areas of the prospect not covered by artisanal workings. The results from these programmes have been used to scope the current drilling programme, which will test the prospect more thoroughly with the aim of allowing a resource calculation to be completed by the end of the year.
Company website: www.tigerresources.com.au
Caution Regarding Forward Looking Statements: The forward-looking statements made in this news release are based on assumptions and judgments of management regarding future events and results. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual results of current exploration, the actual results of future mining, processing and development activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's filed documents.
The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr. Brad Marwood, who is a Member of The Australasian Institute of Mining and Metallurgy.
Mr Marwood has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Marwood consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Appendix 1: Judeira RC drilling results
Hole No Easting Northing Azi Incl EOH From To Inter Cu %
JUDRC001 507145 8759188 67 -60 90 NSR
JUDRC002 507118 8759167 67 -60 91 5 20 12 1.19
44 49 5 0.53
JUDRC003 507121 8759225 67 -60 90 11 21 10 0.59
JUDRC004 507086 8759211 67 -60 90 7 30 23 1.9
Including 10 3.6
40 53 13 1.26
JUDRC005 507067 8759215 67 -60 90 16 59 43 4.67
Including 21 8.2
JUDRC006 507045 8759220 67 -65 90 11 81 70 2.5
Including 33 4.4
JUDRC007 507069 8759380 67 -60 61 4 14 10 0.73
JUDRC008 507040 8759372 67 -60 61 47 51 4 0.47
JUDRC009 507010 8759369 67 -60 61 21 38 17 0.48
JUDRC010 506981 8759365 67 -60 28 17 23 6 0.68
JUDRC011 506902 8759388 67 -60 61 21 26 5 0.35
35 45 10 0.46
JUDRC012 506895 8759335 67 -60 61 30 34 4 0.44
JUDRC013 506928 8759285 67 -60 31 NSR
JUDRC014 507068 8759164 67 -60 61 27 30 3 0.9
35 58 23 1.46
JUDRC015 506912 8759422 67 -60 61 1 21 20 0.91
28 40 12 0.49
51 61 10 0.59
JUDRC016 506279 8760260 37 -60 61 3 32 29 1.72
Including 7 4.8
JUDRC017 506252 8760240 37 -70 61 42 61 19 2.3
Including 7 2.3
JUDRC018 506229 8760222 37 -70 61 NSR
JUDRC019 506891 8759433 67 -60 61 43 44 1 1.05
48 53 5 0.46
JUDRC020 506876 8759335 67 -60 58 NSR
JUDRC021 506990 8759150 48 -60 150 56 150 94 1.7
Including 25 2.9
JUDRC022 507020 8759176 48 -60 150 57 133 76 1.6
Including 26 3.16
JUDRC023 507032 8759126 48 -60 145 68 71 3 1.12
74 89 15 1.76
Including 8 2.4
102 140 38 0.75
JUDRC024 506947 8759234 48 -60 96 30 76 56 2.2
Including 11 5.7
82 96 14 0.53
JUDRC025 506918 8759269 48 -60 141 97 100 3 0.76
117 135 18 1.25
Including 5 2.2
JUDRC026 507015 8759252 48 -60 100 16 21 5 0.91
39 52 13 5.17
65 68 3 0.67
72 88 16 0.74
JUDRC027 507047 8759094 48 -60 120 57 83 26 1.5
Including 3 9.2
JUDRC028 506865 8759394 45 -60 100 16 21 5 0.7
JUDRC029 506848 8759541 45 -60 50 NSR
JUDRC030 506565 8759763 45 -60 120 59 68 9 1.18
75 91 16 0.86
95 105 10 1.58
JUDRC031 506595 8759798 45 -60 100 44 80 36 0.8
JUDRC032 506493 8759847 45 -60 120 NSR
JUDRC033 506535 8759883 45 -60 80 23 44 21 0.58
JUDRC034 506470 8759960 45 -60 80 0 5 5 0.39
JUDRC035 506435 8759924 45 -60 120 59 65 6 0.35
JUDRC036 506411 8760042 45 -60 80 NSR
JUDRC037 506375 8760005 45 -60 120 NSR
JUDRC038 506348 8760117 45 -60 80 27 28 1 1.5
56 78 22 0.66
JUDRC039 506313 8760082 45 -60 120 101 107 6 0.41
JUDRC040 506264 8760173 45 -60 100 84 91 7 0.76
JUDRC041 506227 8760138 45 -60 110 NSR
JUDRC042 506226 8760214 45 -60 120 94 116 22 0.46
JUDRC043 506224 8760268 45 -60 112 13 21 8 0.44
30 73 43 0.77
77 82 5 0.34
91 105 14 0.5
JUDRC044 506192 8760243 45 -60 119 34 37 3 0.51
52 67 15 0.88
71 111 40 0.56
JUDRC045 506158 8760202 45 -60 121 NSR
JUDRC046 506951 8759113 45 -60 160 119 135 16 1.14
149 160 11 0.68
JUDRC047 507083 8759129 45 -60 153 17 25 8 0.6
29 34 5 0.89
48 65 17 1.12
89 117 28 0.48
JUDRC048 507000 8759090 45 -60 153 93 113 20 0.82
134 142 8 0.37
149 152 3 0.67
JUDRC049 506910 8759199 45 -60 153 81 86 5 0.4
125 153 28 0.69
Notes:
_____________________________________________________________________
| |
|Cut-off grade of 0.3% Cu used, with a maximum internal dilution of 3m|
|Intercepts less than 3m not included unless > 1% Cu |
|Assays have been rounded up to 2 decimal places |
|Intervals with no return have been given a grade of 0% |
|Assaying performed by SGS Laboratories |
|No Significant Results 'NSR' |
| |
|_____________________________________________________________________|
Tiger Resources Limited
CONTACT: 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) 6188 2000 |Tel: ( 61 8) 6188 2000 |Tel: ( 61 0)420 582
887 |
|___________________________|_________________________|____________________
____|
|Email: bmarwood@tigerez.com|Email: shills@tigerez.com|Email:
nryan@tigerez.com|
|___________________________|_________________________|____________________
____|