SIGNIFICANT DRILL INTERSECTIONS AT JUDEIRA PROSPECT

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

ASX Code: TGS
TSX Code: TGS

PERTH, Western Australia, June 14, 2011 /CNW/ - Tiger Resources Limited (ASX/TSX: TGS, "Tiger") is pleased to provide an update on the recently completed phase 1 of the reverse circulation (RC) drilling programme at the Judeira prospect, within the Kipoi project area (PE 533) in the Democratic Republic of Congo.

Highlights

  • Significant copper intersects were encountered in all of the seven holes comprising phase 1 of drilling at Judeira South, with two holes ending in mineralisation.
  • The significant intersections include:

                        94m @ 1.7% Cu intersected in hole JUDRC021 (hole ended in mineralisation)
                          Including 25m @ 2.9% Cu
                        76m @ 1.6% Cu intersected in hole JUDRC022
                          Including 26m @ 3.1% Cu
                        15m @ 1.76% Cu intersected in hole JUDRC023
                        56m @ 2.2% Cu intersected in hole JUDRC024 (hole ended in mineralisation)
                          Including 11m @ 5.7% Cu
                        18m @ 1.25% Cu intersected in hole JUDRC025
                        13m @ 5.17% Cu intersected in hole JUDRC026
                        26m @ 1.5% Cu intersected in hole JUDRC027
   
  • Assay results confirm the continuity of copper oxide mineralisation along strike and down-dip in the southern mineralised area.
  • The width of the mineralisation is increasing down-dip, with hole JUDRC021 intercepting 94m of copper oxide mineralisation and ending in mineralisation at 150m due to lack of drill rods.
  • Phase 2 of the RC drilling programme is expected to be completed in August, and will be followed by diamond drilling before Tiger undertakes a maiden resource estimate later in the year.

Assay results have been received from all seven holes drilled at the southern end of the Judeira prospect as phase 1 of the RC drilling programme at Judeira. The holes were designed to test for strike and width extensions of the copper mineralisation intercepted during previous drilling undertaken by Tiger in 2006.

Managing Director Brad Marwood said Tiger was encouraged by the latest results and would work toward having a maiden resource estimate calculated by the end of the year.

"The results at Judeira are extremely pleasing and we will continue to pursue our drilling and exploration programmes actively," Mr Marwood said.

"Our objective is to grow the existing resource base to a level that will support future production from a proposed Stage 2 SXEW plant development at Kipoi of more than 50,000 tonnes of copper per year."

Significant mineralisation was reported from all of the seven holes drilled (see Table 1.) The best intersection of 94m @ 1.7% Cu was returned from hole JUDRC021, which was drilled on section 3 (see Figure 1 for collar plan and section lines) to test for down-dip extensions of the high-grade mineralisation encountered in holes JUDRC005 and JUDRC006. Hole JUDRC022 was drilled 50m up-dip on the same section, and intersected 76m @ 1.6% Cu (including 26m @ 3.16% Cu), more closely reflecting the grades found up-dip in holes JUDRC005 & JUDRC006.  Whilst the comparable grades in JUDRC021 and JUDRC022 are lower than the near surface mineralisation found in JUDRC005 and JUDRC006, the mineralised intercepts for both holes are much broader and the mineralisation remains open at depth, providing significant encouragement for further drilling.

Hole JUDRC024 was drilled approximately 75m along strike to the NW and intercepted 56m @ 2.2% Cu (including 11m @ 5.7%), providing further encouragement for down-dip follow up drilling. A further 50m along strike to the NW, hole JUDRC025 encountered 18m @ 1.25% Cu, demonstrating that down-dip mineralisation is more extensive than indicated by past workings and cuttings in the hill side.

The results confirm that mineralisation is continuing down-dip at high grades and is much broader than first anticipated. Sulphides are yet to be encountered, confirming a deep weathering profile and giving plenty of scope for further supergene mineralisation to be encountered at depth.

Phase 2 of the drilling is due to start in July and will concentrate on the northern area of Judeira where it will test 900m of mineralised strike. Additional holes will be planned to further test the southern area following the outstanding results received from Phase 1.

Table 1: Significant intercepts from the Judeira (South) drilling

                     
Hole No Easting Northing Azi Incl EOH From To Inter Cu % Co %
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 0.15
            39 52 13 5.17 0.13
            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  
                     
Notes                    
* Holes ending in mineralization            
A cut-off grade of 0.3% Cu is used, with maximum internal dilution below a cut-off of 2m    
Assaying undertaken by SGS Laboratories Zambia using 4 acid digest with AAS finish      

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.

Scientific or technical information in this news release has been prepared by or under the supervision of Mr Bradley Marwood, Managing Director and a full-time employee of the Company and a member of the Australasian Institute of Mining and Metallurgy ("AusIMM"). Mr Marwood has sufficient experience which is relevant to the style of mineralization under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC Code and to qualify as a "Qualified Person" under NI 43-101. Mr Marwood has verified the data disclosed in this news release, including sampling, analytical and test data underlying the information or opinions contained in this news release. Mr Marwood consents to the inclusion in this news release of the matters based on his information in the form and context in which it appears.


 

SOURCE Tiger Resources Limited

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) 9240 1933 Tel: (+61 8) 9240 1933 Tel: (+61 0)420 582 887
Email: bmarwood@tigerez.com Email: shills@tigerez.com Email: nryan@tigerez.com

 

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