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| September 02, 2010 --- Vol. 04, No. 35 | September 2010
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Yukon Territory
GOLD – Northern Tiger Resources Inc. Sept. 2 said four separate gold-bearing zones have been identified on its 3Ace Property in southeast Yukon Territory. In addition, initial drill results from the Sonora Gulch Property in the Dawson Range area of the central Yukon have verified the existence of an underlying porphyry system. “We are excited to announce that Northern Tiger’s initial exploration program at the 3Ace Project is continuing to demonstrate its high-grade gold potential. We expanded the strike length of the high-grade discovery vein to over 50 meters before it disappears under heavy overburden. Significantly, initial exploration results have now identified four gold zones in a 2-square-kilometer area, each returning at least 1 ounce-plus gold assays. Visible gold has been noted in three of the zones,” said Northern Tiger President Greg Hayes. “The drilling program at Sonora Gulch has also met its primary objective of verifying that a porphyry copper-gold-molybdenum system is responsible for the alteration and mineralization at Sonora Gulch. With a gold-in-soil anomaly measuring 9 square kilometers coupled with the fact that we have only tested a handful of the recommended Titan 24 chargeability anomalies, Sonora Gulch continues to be a high priority exploration target.” At 3Ace, the junior said it completed an initial surface exploration program, consisting of prospecting, mapping and sampling. The primary objectives of the 2010 program were to investigate the extent of high-grade gold mineralization associated with the discovery vein, where previous grab samples returned values up to 140 ounces/ton gold, and to explore the rest of the property for additional mineralized structures and systems. High-grade assays have now been returned from four separate gold zones, and additional results are pending. The north trending discovery vein dips minus-50 degrees to the east and is hosted in a shear zone, which cross-cuts a contact between interbedded quartz-pebble conglomerate and fine grained phyllite lithologies. The exposed sections of the vein have averaged about 1 meter in width. Results from a soil sampling grid suggest that the Main Zone extends for a minimum of 100 meters, and also suggest the presence of a second mineralized vein to the east (up-slope) of the discovery vein. A second zone named the “Sleeping Giant” and located about 1.2 kilometers,, or 0.75 mile east of the Main zone consists predominantly of a white massive quartz vein with variable amounts of course crystalline arsenopyrite. Sampling of the vein has also identified visible gold in three locations. The mineralized structure trends north, has a minimum width of 25 meters, and has been traced along strike for 300 meters before disappearing under overburden. To-date, assays received from 20 rock samples have ranged from trace to 44.2 g/t gold (from a 1.1 meter chip sample). The “Green Zone” is located 2 kilometers north of the Main zone and consists of an east-west trending zone hosting scoroditic and arsenical mineralization extending at least 2 kilometers in strike along a property-scale structural corridor. Mineralization occurs both within small veins and, more commonly, as strongly altered quartz-pebble conglomerate wall rock commonly brecciated and associated with strong clay alteration and local silicification. To-date, assays have been received from 67 rock samples and returned values from trace to 66.5 g/t gold (from a grab sample). A total of 17 rock samples returned values in excess of 1.0 g/t gold. The “North Zone,” located roughly 500 meters east-northeast of the Main zone, consists of meter-scale quartz veins with arsenopyrite, minor galena and visible gold. Assays received to date from 14 rock samples range from trace to 90.8 g/t gold and 5.0 g/t silver (from a 1.5-metre chip sample). Roughly 70 meters to the east, another 1.5-metre chip sample of quartz pebble conglomerate with quartz veining and clotty arsenopyrite returned 1.5 g/t gold. Both samples occur within an area of abundant quartz veining and strong silicification within quartz-pebble conglomerate. Assays have been received for some 58 percent of a large program of chip, rock, soil and silt sampling. Additional results are pending. At Sonora Gulch project, the first three 12 diamond drill holes totaling 2,875 meters recently completed cored strongly silicified quartz feldspar porphyritic monzonite containing disseminated and fracture controlled pyrrhotite with minor chalcopyrite. Later holes encountered carbonate-altered meta-volcanic wall rock exhibiting skarn and replacement-style sulphides, locally semi-massive. This includes massive magnetite and semi-massive pyrite +/- pyrrhotite +/- chalcopyrite +/- molybdenite along open fractures and in cross-cutting quartz veins. Assays from the first five holes (including two abandoned holes) have revealed sections of geochemically anomalous copper, gold and molybdenum values, although no economically significant zones of mineralization are indicated to date. Assay results are pending for the remaining holes.
GOLD – Golden Predator Corp. Aug. 27 posted initial results from ongoing diamond and reverse circulation drilling programs on its Brewery Creek Project located 55 kilometers, or 34 miles, due east of Dawson City, Yukon Territory as well as results from its Eureka Project, located 90 kilometers, 55 miles, southeast of Dawson City. At Brewery Creek, the company to date had drilled six diamond drill holes totaling 1,430 meters and 17 RC drill holes totaling 2,350 meters. Significant results from RC holes BCRC10-2315 and BCRC10-2316 are highlighted by intercepts of 4.161 grams per metric ton gold over 7.62 meters starting at 53.43 meters depth and 1.428 g/t over 4.57 meters starting at 60.96 meters depth, respectively. Both of these holes targeted the down-dip extension of higher-grade gold remaining south of the Lucky pit. The ongoing exploration program at Brewery Creek has been designed to explore the potential for higher-grade feeders lying beneath the historic resource, and to increase the existing resources through near surface drilling. Initial results indicate the presence of gold mineralization down-dip of the known resource near structural intersections. At Eureka, the explorer also reported completion of a 2,927-meter drill program. Assay results have been received and analyzed from all 27 RC drill holes that tested a broad gold-in-soil anomaly and to verify previous trench results. The program demonstrated that a series of gold-bearing structures are present cutting schists and phyllites. These structures typically occur in zones of anomalous gold mineralization exceeding 0.3 g/t gold with the actual structure containing higher values. Over all, the results indicate that the structures and surrounding host rock contain several zones of low-grade (less than one g/t) gold mineralization. More work will be required to refine the understanding of the nature of the mineralization at Eureka, including geophysics, additional close-spaced soil surveys over yet to be tested portions of the expansive property, and trenching.
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