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tiger intl resources inc (TGR) Details

Tiger International Resources Inc. engages in the acquisition, exploration, and development of mining properties in the Philippines. It primarily holds interest in the Itogon gold and silver project located near Baguio City in northern Luzon, the Philippines. The company is based in Laguna Hills, California.

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tiger intl resources inc (TGR) Key Developments

Tiger International Resources, Inc. Updates Activities and Results at the Itogon Gold Project, Philippines

Tiger International Resources, Inc. updated activities and results at the Itogon gold project, Philippines. Assay results from second phase of surface channel sampling by ECR at the Itogon project include 16m averaging 2.28g/t gold (inc. 6m averaging 4.96 g/t) and 16m averaging 1.20 g/t gold. The results from channels MP-13 and 14, MP-18 and 19, MP-20 and 21, MP-28 and MP-33 to 36. Sampling was carried out under geological supervision. A secure chain of custody was maintained in the transport and storage of all samples, which were shipped to and analysed by Intertek Testing Services Philippines, Inc. ('Intertek'), an internationally accredited independent analytical laboratory in Metro Manila. Upon arrival at Intertek samples were sorted, dried, crushed, split and pulverised. The method of analysis for gold was fire assay (50g charge) with AAS finish. QA/QC measures including the use of blanks and standards were implemented by ECR and separately by Intertek in relation to the analysis of the samples. The assay data reported is considered acceptable in the context of these measures.

Tiger International Resources, Inc. Announces Positive Results from Reverse Circulation (RC) Drilling at the Itogon Epithermal Gold Project in the Philippines

Tiger International Resources, Inc. announced positive results from reverse circulation (RC) drilling at the Itogon epithermal gold project in the Philippines. The drilling was completed in April 2014 and comprised eight holes totaling 1,004m as summarised in Table 2 below. Mineralised intervals from the drilling. The Itogon project is 100% held by Tiger International's Philippine subsidiary Cordillera Tiger Gold Resources, Inc. ("Cordillera Tiger") under an exploration permit granted by the Philippine government. Mineralised intervals (apparent width) include: 18m at 17.14 g/t Au from surface in ERC008 (inc. 2m at 119.53 g/t Au), 30m at 1.63 g/t Au from surface in ERC004 (inc. 2m at 7.08 g/t Au from 0-2m), 5m at 6.46 g/t Au from 10m in ERC002 (inc. 1m at 21.85 g/t Au from 13m), 15m at 3.29 g/t Au from 82m in ERC002 (inc. 2m at 18.25 g/t Au from 92m), 7m at 5.33 g/t Au from 138m in ERC005 (inc. 2m at 15.00 g/t Au from 138m), 33m at 1.13 g/t Au from 86m in ERC006. Results demonstrate existence of high and very high grade narrow vein hosted gold mineralisation with lower grade mineralised haloes; sections consisting only of low grade mineralisation are also evident. The higher gold grades are typically associated with multiple narrow, 1-2m wide occurrences of sheeted quartz veins and quartz vein breccia, with a mineralised selvedge grading approximately 0.30 g/t Au or higher associated with these structures. Mineralised intervals from ECR's first phase drilling have been calculated using a cut-off grade of 0.30 g/t Au and no more than 2m internal dilution. As a result the reported intervals often contain multiple discrete higher grade intervals that are separated by lower grade mineralisation. In these cases the internal higher grade intervals are also reported. No top cut has been applied in calculating mineralised intervals. ERC004 and ERC008 were terminated early after being judged to have met their geological objectives, while ERC001 was terminated early after the RC hammer in use became irretrievably stuck downhole. A single vertical hole, ERC008, was drilled to evaluate the reproducibility of historical drilling results, which are all from vertical holes.

Tiger International Resources, Inc.'s Manager Signs Drilling Contract with Quest Exploration Drilling (Philippines)

Tiger International Resources, Inc. announced that the Manager of the company's Itogon Gold/Silver Project has contracted for drilling services with Quest Exploration Drilling (Philippines). The Agreement provides for the completion by QED of up to 3,850m of diamond and reverse circulation (RC) drilling at the Itogon gold-silver project in the Philippines. The drilling will be completed in three phases; a first phase of 1,050m of RC drilling; a second phase of 1,800m of RC drilling or 1,000m of diamond drilling; and a third phase of either the RC or diamond drilling specified for the second phase, depending on which was completed during the second phase. The first drilling phase, commencing April 7, 2014 will take two weeks, and assay results from this phase from an ISO certified laboratory are expected within four weeks. The Manager has the option to terminate the QED contract after the first phase or the second phase. The second and third phase work is dependent on satisfactory results from prior phases, but may be completed simultaneously if requested by the Company and if deemed practical by QED. Summary of drilling program: An extensive 3,850m diamond and RC drilling programme has been designed for the Itogon project based on available historical information and site inspections, and is aimed at intersecting all the currently interpreted sub-parallel quartz vein structures across the width of the main prospect area, which is characterised by a prominent ridge trending approximately northwest. The ridge is bound by steeply incised tributaries of the Danglay River. The multiple sub-parallel veins strike along the ridge and have been mapped historically over a length of 450m, with vein outcrop mapped a further 150m down the ridge at the Danglay River valley floor. Historical sampling has identified significant gold-silver mineralisation in the veins as well as their alteration haloes, in intervening quartz veinlet stockworks and in the host rock. The veins are indicated to be steeply dipping and the width of the mineralised zone has been mapped historically at up to 250m. The Drilling Program is intended to generate information as to the overall grade of the central part of the deposit, as well as to assess whether it can be mined in bulk, either by open pit or underground techniques, or as discrete higher grade zones mineable underground. The Drilling Program is also aimed at establishing an open pit type resource along and below the ridge as well as seeking to identify high grade underground type ore enclosed within the lower grade ore. The situation of the anticipated orebody within the ridge may determine either an open pit or underground mine design, and the generation of a resource model using the results obtained from the drilling program will allow consultants to perform engineering studies to determine the style and size of the mining operation.


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