Friday, 17 August 2018 05:40 PM
TIGER INTERNATIONAL RESOURCES, INC. (TGR.V) is pleased to announce 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 totalling 1,004m as summarised in Table 2 below. Mineralised intervals from the drilling are disclosed in Table 1 below.
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.
ECR Minerals plc (“ECR”) of London, United Kingdom has the right to earn a 50% interest in the Itogon project and is currently the operator of the project, through Cordillera Tiger. The exploration results disclosed below and the accompanying discussion are excerpted from a news release by ECR made May 29th, 2014.
HIGHLIGHTS
* 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
Stephen Clayson, Chief Executive Officer of ECR, commented:
“These results very much conform to our expectations for ECR’s first phase of drilling at Itogon. The near surface high grade intervals in ERC002, ERC004, ERC005 and ERC008 are encouraging, occurring over a strike length of approximately 400m. The deeper high grade intervals in ERC002 and ERC005 indicate good depth potential, and mineralisation has already been identified by ECR’s exploration over a vertical extent of approximately 250m.
The deposit remains open along strike in both directions, at depth and laterally. Further drilling is therefore required to fully evaluate the deposit, but we have certainly made a pleasing start. Interpretation of the results from this phase of drilling is continuing, and details of ECR’s next steps in relation to the Itogon project will be announced in due course.”
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TABLE 1: MINERALISED INTERVALS, FIRST PHASE ECR DRILLING ITOGON GOLD PROJECT, PHILIPPINES |
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Hole ID |
From |
To |
Length (m) |
Estimated True Width (m) |
Average Grade (g/t Au) |
Including |
|
|
ERC001 |
15 |
23 |
8 |
4 |
0.73 |
3m at 1.49 g/t Au from 18-21m |
|
|
35 |
40 |
5 |
2.5 |
1.67 |
1m at 4.79 from 39-40m |
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|
59 |
65 |
6 |
3 |
0.34 |
|||
|
70 |
73 |
3 |
1.5 |
0.29 |
|||
|
90 |
92 |
2 |
1 |
1.94 |
1m at 3.32 g/t Au from 91-92m |
||
|
109 |
113 |
4 |
2 |
0.58 |
1m at 1.40 g/t Au from 112-113m |
||
|
118 |
120 |
2 |
1 |
0.30 |
|
||
|
|
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|
Hole ID |
From |
To |
Length (m) |
Estimated True Width (m) |
Average Grade (g/t Au) |
Including
|
|
|
ERC002 |
5 |
6 |
1 |
0.5 |
0.35 |
|
|
|
10 |
15 |
5 |
2.5 |
6.46 |
1m at 7.21 g/t Au from 10-11m |
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|
1m at 21.85 g/t Au from 13-14m |
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|
18 |
19 |
1 |
0.5 |
0.43 |
|||
|
52 |
64 |
12 |
6 |
0.98 |
2m at 2.83 g/t Au from 56-58m |
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2m at 1.53 g/t Au from 61-63m |
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|
69 |
78 |
9 |
4.5 |
0.45 |
|||
|
82 |
97 |
15 |
7.5 |
3.29 |
5m at 1.84 g/t Au from 86-91m |
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|
2m at 18.25 g/t Au from 92-94m |
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|
101 |
118 |
17 |
8.5 |
1.57 |
3m at 5.45 g/t Au from 103-106m |
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|
|
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|
Hole ID |
From |
To |
Length (m) |
Estimated True Width (m) |
Average Grade (g/t Au) |
Including
|
|
|
ERC003 |
0 |
14 |
14 |
7 |
0.66 |
2m at 1.65 g/t Au from 0-2m |
|
|
22 |
24 |
2 |
1 |
0.44 |
|
||
|
28 |
29 |
1 |
0.5 |
0.37 |
|
||
|
54 |
63 |
9 |
4.5 |
0.69 |
2m at 1.67 g/t Au from 55-57m |
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|
68 |
78 |
10 |
5 |
0.65 |
1m at 1.30 g/t Au from 76-77m |
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|
88 |
99 |
11 |
5.5 |
1.46 |
1m at 3.05 g/t Au from 90-91m |
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|
2m at 4.55 g/t Au from 95-97m |
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|
|
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|
Hole ID |
From |
To |
Length (m) |
Estimated True Width (m) |
Average Grade (g/t Au) |
Including
|
|
|
ERC004 |
0 |
30 |
30 |
15 |
1.63 |
2m at 7.08 g/t Au from 0-2m |
|
|
1m at 6.87 g/t Au from 15-16m |
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|
2m at 3.05 g/t Au from 21-23m |
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|
33 |
35 |
2 |
1 |
0.33 |
|
||
|
38 |
39 |
1 |
0.5 |
0.32 |
|
||
|
54 |
55 |
1 |
0.5 |
0.44 |
|
||
|
64 |
66 |
2 |
1 |
9.43 |
1m at 11.61 g/t Au from 64-65m |
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|
84 |
86 |
2 |
1 |
0.44 |
|
||
|
|
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|
Hole ID |
From |
To |
Length (m) |
Estimated True Width (m) |
Average Grade (g/t Au) |
Including
|
|
|
ERC005 |
0 |
10 |
10 |
5 |
2.15 |
1m at 7.09 g/t Au from 3-4m |
|
|
1m at 3.71 g/t Au from 9-10m |
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|
13 |
22 |
9 |
4.5 |
0.56 |
1m at 1.72 g/t Au from 20-21m |
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|
37 |
46 |
9 |
4.5 |
0.39 |
|
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|
49 |
54 |
5 |
2.5 |
0.47 |
|
||
|
65 |
66 |
1 |
0.5 |
0.53 |
|
||
|
75 |
76 |
1 |
0.5 |
0.79 |
|
||
|
88 |
89 |
1 |
0.5 |
1.08 |
|
||
|
92 |
93 |
1 |
0.5 |
0.59 |
|
||
|
99 |
105 |
6 |
3 |
0.88 |
1m at 1.85 g/t Au from 100-101m |
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|
115 |
117 |
2 |
1 |
1.00 |
1m at 1.67 g/t Au from 116-117m |
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|
138 |
145 |
7 |
3.5 |
5.33 |
2m at 15.00 g/t Au from 138-140m |
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|
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|
Hole ID |
From |
To |
Length (m) |
Estimated True Width (m) |
Average Grade (g/t Au) |
Including
|
|
|
ERC006 |
0 |
16 |
16 |
8 |
0.59 |
|
|
|
19 |
21 |
2 |
1 |
0.66 |
|
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|
25 |
26 |
1 |
0.5 |
0.30 |
|
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|
29 |
35 |
6 |
3 |
0.75 |
1m at 2.95 g/t Au from 34-35m |
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|
40 |
46 |
6 |
3 |
1.15 |
2m at 2.82 g/t Au from 40-42m |
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|
51 |
52 |
1 |
0.5 |
0.71 |
|
||
|
59 |
60 |
1 |
0.5 |
0.33 |
|
||
|
67 |
68 |
1 |
0.5 |
0.33 |
|
||
|
86 |
119 |
33 |
16.5 |
1.13 |
2m at 2.42 g/t Au from 88-90m |
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|
1m at 2.13 g/t Au from 98-99m |
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|
123 |
124 |
1 |
0.5 |
0.67 |
|
||
|
127 |
128 |
1 |
0.5 |
0.39 |
|
||
|
133 |
135 |
2 |
1 |
0.60 |
|
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|
138 |
143 |
5 |
2.5 |
0.43 |
|
||
|
|
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|
Hole ID |
From |
To |
Length (m) |
Estimated True Width (m) |
Average Grade (g/t Au) |
Including
|
|
|
ERC007 |
0 |
37 |
37 |
18.5 |
0.54 |
1m at 1.01 g/t Au from 13-14m |
|
|
42 |
43 |
1 |
0.5 |
0.35 |
|
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|
|
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|
Hole ID |
From |
To |
Length (m) |
Estimated True Width (m) |
Average Grade (g/t Au) |
Including
|
|
|
ERC008 |
0 |
18 |
18 |
8.5 |
17.14 |
2m at 3.92 g/t Au from 3-5m |
|
|
2m at 119.53 g/t Au from 8-10m |
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|
4m at 5.76 g/t Au from 10-14m |
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|
41 |
42 |
1 |
0.5 |
0.34 |
|
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|
61 |
62 |
1 |
0.5 |
0.35 |
|
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|
|
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A plan map relating to the drilling results disclosed herein may be viewed at:
http://www.ecrminerals.com/itogon-project-phase1-drilling-map
NB:
Mineralised intervals were calculated as weighted averages using a cut-off grade of 0.30 g/t Au and a maximum of 2m internal dilution.
No top cut has been applied in calculating mineralised intervals.
All widths given in this news release are apparent width unless stated otherwise.
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TABLE 2: DETAILS OF DRILL HOLES, FIRST PHASE ECR DRILLING ITOGON GOLD PROJECT, PHILIPPINES
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|
Hole ID |
Total Depth (m) |
Azimuth (°) |
Declination (°) |
East |
North |
RL (m) |
Drill |
|
ERC001 |
120 |
45 |
-60 |
251455.69 |
1805429.90 |
1197.00 |
RC |
|
ERC002 |
150 |
45 |
-60 |
251504.32 |
1805465.74 |
1191.67 |
RC |
|
ERC003 |
150 |
227 |
-60 |
251407.04 |
1805646.36 |
1265.77 |
RC |
|
ERC004 |
117 |
43 |
-60 |
251370.99 |
1805520.00 |
1242.95 |
RC |
|
ERC005 |
150 |
43 |
-60 |
251273.64 |
1805731.77 |
1325.64 |
RC |
|
ERC006 |
150 |
43 |
-60 |
251325.17 |
1805687.15 |
1310.15 |
RC |
|
ERC007 |
50 |
0 |
-90 |
251301.26 |
1805707.47 |
1314.95 |
RC |
|
ERC008 |
117 |
227 |
-60 |
251263.83 |
1805813.93 |
1343.18 |
RC |
Discussion of Results
Exploration by ECR to date has determined that gold mineralisation at Itogon is hosted by NNW trending, SW dipping to sub vertical epithermal veins, with a subordinate set of generally NE trending veins. Mineralisation is observed over a strike length of 600m. The recent RC drilling programme tested a strike length of 400m, and continuation of the strike approximately 200m SE from ERC001 and ERC002 is indicated by exposures observed along creeks and gullies. These exposures are now the subject of detailed geological mapping and channel sampling with the objective of confirming this mineralisation. Channel sampling and drilling has confirmed mineralisation over a vertical extent of 250m, and mineralisation is open along strike and down dip.
The epithermal veins are composed of grey and white, saccharoidal and vuggy quartz with associated clay, calcite, pyrite, galena, sphalerite, chalcopyrite, and vein breccia, hosted by moderately to strongly oxidised and argillised medium-grained diorite. Individual veins rarely exceed 1m wide and tend to occur as approximately 0.2m wide, closely spaced, sheeted veins within the altered zones. Establishing the continuity of the vein zones between intercepts at surface, in underground workings and by drilling will be an important objective of further exploration.
The highest 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.
QA/QC
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.
Samples were collected from the drill rig on a metre by metre basis via a cyclone splitter fitted to the rig. Sampling was carried out under geological supervision. QA/QC measures during sampling included the use of new sample bags and periodic cleaning of the cyclone splitter. 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.
Assay values have been expressed in this news release as g/t Au but are received from Intertek expressed as ppm Au. For the purposes hereof ppm Au and g/t can be considered equivalent.
QUALIFIED PERSON
Andrew Tunningley, a Member (Chartered Professional - Geology) in good standing of The Australasian Institute of Mining and Metallurgy ("AusIMM"), is responsible for the work programme being implemented on the Itogon project by ECR and has supervised the preparation of (and in doing so has verified) and approved all technical information contained in this news release.
Mr Tunningley’s standing and membership designation with respect to AusIMM, and the nature and extent of his experience which is relevant to the style of mineralisation and type of deposit under consideration at the Itogon project and to the activity which he is undertaking in relation thereto, enable him to qualify for the purposes of this news release as a Qualified Person as defined in Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr Tunningley is an independent geological consultant to ECR and has no other relationship of any kind with ECR. Mr Tunningley has no relationship of any kind with Tiger International.
ABOUT TIGER INTERNATIONAL
Tiger International is a Canadian resource exploration and development company. The Itogon gold project is located in an established gold mining district known as the Baguio Gold Belt on the island of Luzon in the north of the Philippines, and benefits from an extensive historical dataset.
The Itogon project is 100% held by Tiger International’s Philippine subsidiary Cordillera Tiger Gold Resources, Inc. under an exploration permit granted by the Philippine government.
ECR Minerals plc of London, United Kingdom has the right to earn a 50% interest in the Itogon project and is currently the operator of the project, through Tiger International’s Philippine subsidiary Cordillera Tiger.
FOR FURTHER INFORMATION PLEASE CONTACT:
Patric Barry, President, Tiger International Resources, at (949) 362.1600 or by email to [email protected]