Wednesday, September 8, 2010

Northern Tiger Announces Drilling of 3Acre Property!!!

NTR announced today that they will be drilling their super high grade vein discovery on their 3 Acre property in the Yukon. The initial drill program will consist of 6 holes and about 1,000m to test the bonanza grade samples that return as high as 29.56 oz/t over 1.1m.

I posted about NTR last week stating that disappointing results at Sonora Gulch would be a buying opportunity for Northern Tiger because irrespective of what happens at Sonora Gulch, the potential company maker is the 3Acre property. With identifying such a high grade vein, and 2 other gold bearing zones on the property, it initially looks like they could all be related and be a part of a larger and intense gold bearing system.

3Acre property looks very promising with 3 separate gold bearing zones being identified indicating in the company's own words... "that there is an extensive gold bearing quartz vein-shear zone system on the property".

15 samples from the high grade vein identified are below. Obviously with such high grade samples one has to consider the nugget effect and the whole vein cannot be representative of these samples, but one may expect or hope for at least 1 oz per ton for the vein once drill results come back.

Read full news release below...



MAIN ZONE – Discovery Vein
SampleChip Length (m) Gold Assay (grams/ton) Gold Assay (ounces/ton)
RI4800131.10 1,013.54 29.56
RI4800070.45 846.39 24.69
RI4815201.00 181.06 5.28
RI4800151.20 179.21 5.23
RI4800110.90 156.58 4.57
RI4815181.10 99.11 2.89
RI4800141.00 91.69 2.67
RI4800090.65 86.03 2.51
RI4815210.45 39.53 1.15
RI4800040.90 30.20 0.88
RI4801310.60 26.18 0.76
RI4815230.30 22.97 0.67
RI4815220.50 22.02 0.64
RI4815191.50 9.59 0.28
RI4815171.30 0.36 0.01

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