PERTH, Western Australia, Feb. 9 /CNW/ - Emerging copper producer Tiger
Resources Limited (ASX/TSX:TGS) ("Tiger" or the "Company") is pleased to
announce significant copper diamond drilling results from the Sase grassroots
discovery located within the Company's 100% held Lupoto Permit in the Central
African Copper belt of the Democratic Republic of Congo.
Significant Drill Intersects
SASDD001: 107.10m @ 2.37% Cu (including 64m @ 3.27%Cu)
SASDD002: 142.75m @ 2.14% Cu (including 73.25m @ 3.33%Cu)
SASDD003: 70.30m @ 2.17% Cu
SASDD004: 30.50m @ 2.12% Cu
SASDD005: 38.85m @ 5.23% Cu
SASDD006: 65.50m @ 1.87% Cu
SASDD009: 94.50m @ 1.38% Cu
SASDD012: 60.50m @ 3.49% Cu
- Diamond drilling results confirm the substantial high grade copper
potential of the Company's grassroots discovery at Sase.
- Drilling delineated significant body of copper mineralisation, over a
strike of 600m, with a width of up to 200m and to a vertical depth of
at least 120m commencing from 10m below surface. Mineralisation
remains open along strike and at depth.
- Mineralisation located along a mineralised fault system that can be
traced over a distance of at least 15km. Numerous high grade Cu
anomalies along fault require follow up.
- Mineralisation at Sase is predominantly copper oxide with potential to
contribute to the planned mining operation at Kipoi.
- Mineralisation situated only 20km south of the Kipoi Central deposit
and adjacent to an existing road linking Sase with Kipoi.
- Company holds a 100% interest in the project.
The Sase Project is situated within the Lupoto Permit (PR2214) which
covers an area of 293 sq km. The permit is located approximately 10kms to the
south of the Kipoi Project and the Sase Copper Project can be accessed by a
road that leads directly to Kipoi.
The Company holds a 100% interest in the Lupoto Permit and Aurum sprl has
the right to a 1% NSR from any production.
The discovery of mineralization at Sase was one of the outcomes from a
systematic regional exploration programme undertaken by the Company over the
permit in 2007 and 2008. The results of the programme identified three broad
areas within the permit that were interpreted to have the potential to host
The prospectivity of each of these areas was confirmed by the results of
an Aircore drilling programme conducted in 2007 and 2008.
Aircore results at Sase outlined significant copper mineralization over
an area of 450m by 50m. High grade copper intersects included 67m @ 2.83% Cu
and 0.19% Co (hole stopped in mineralisation) and 51m @ 1.50% Cu and 34m @
As a follow up to the Aircore drilling, Tiger has conducted further
regional geochemical exploration programs as well as targeted diamond drilling
over the Sase anomaly. A total of 25 diamond holes have been completed at Sase
The drill holes were set out on a 100m by 50m grid targeting east-west
trending, and south-dipping mineralisation. The majority of the holes were
inclined to the south, although scissor holes have also been completed.
The Lupoto Permit (PR 2214) sits within the Central African Copper belt
and covers a sequence of Kundelungu or Roan Supergroups sediments folded into
broad synclinal and anticlinal structures.
East-west and west-northwest to east-southeast fault zones trending at
high angles to the fold-axes have led to major displacements of strata during
folding and the formation of fault breccias that represent important
exploration targets. The Sase Project is located in an area of intersecting
splay structures associated with a major project scale fault system, the Sase
Fault Zone. Several other analogous geological settings have been identified
in other parts of the Lupoto Project area.
Mineralisation at Sase is hosted in intensely brecciated sedimentary
rocks, mainly carbonaceous siltstones, shales and dolomites of the Lower
Kundelungu Group. These stratigraphic units are known to host one of the
world's largest Pb-Zn-Cu deposits at Kipushi, 50km west of Lubumbashi in the
DRC. Mineralisation appears to be controlled by a set of splay faults, that
have been traced over a distance of 4 kilometres and are associated with the
Sase Fault which is at least 15kms in length.
Copper mineralisation at the Sase Project occurs above and below the base
of oxidation. Malachite and azurite to a lesser extent are the principle
copper oxide minerals and occupy breccia matrixes and vughs. Chalcopyrite and
to a lesser degree chalcocite are the main sulphide copper minerals and occur
preferentially in fault breccia matrices, veins and to a lesser extent as
stratiform mineralisation. The bulk of the mineralisation identified to date
occurs in the oxide zone between 15 and 120m below surface.
The envelope to the mineralisation delineated from diamond drilling
projects as an elongated, west-northwest-trending tear-shaped lens to surface.
It has a strike extent of about 600m and varies in width between 50 and 200m.
The mineralisation is interpreted to be associated with a secondary splay
structure off the main east-west fault trend and to be controlled by a fault
breccia. Mineralisation remains open along strike and at depth.
The geophysical data show that the east-west trending Sase Fault Zone is
a very prominent feature of a possibly much larger segmented fault trend with
an interpreted strike length of at least 15km. It is likely that the setting
for the Sase mineralisation is repeated along this trend and that recurrences
of mineralisation are possible. Numerous high grade anomalies along the fault
have been identified and require follow up.
The discovery of mineralisation in a region that previously was not known
to host any historic copper workings or surface occurrences highlights the
potential of the area in general and underpins the value of systematic
The Company believes further exploration testing of interpreted splay
structures along the Sase Fault Zone is necessary as this trend holds
significant exploration upside. Very prospective high order geochemical soil
anomalies identified with similar structural trends southeast, southwest and
northwest of the Sase prospect further add to the exploration potential and
discovery upside in the property.
Scientific or technical information in this news release has been
prepared by or under the supervision of Mr David Young, Managing Director and
a full-time employee of the Company and a member of the Australasian Institute
of Mining and Metallurgy ("AusIMM"). Mr Young 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 2004 Edition of the "Australasian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves" (the "JORC Code") and to qualify
as a "Qualified Person" under National Instrument 43-101 - Standards of
Disclosure for Mineral Projects ("NI 43-101"). Mr Young consents to the
inclusion in this news release of the matters based on his information in the
form and context in which it appears.
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 market prices of copper, cobalt and
silver, 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.
Assay results in this report were prepared by the independent laboratory,
ALS Chemex, South Africa and SGS Zambia.
For further information:
For further information: in respect of the Company's activities, please
contact: David Young, Managing Director, Tel: (+61 8) 9240 1933, Email:
firstname.lastname@example.org; Reg Gillard, Chairman, Tel: (+61 8) 9240 1933, Email:
email@example.com; Patrick Flint, Director, Tel: (+61 8) 9240 1933, Email:
firstname.lastname@example.org; Company website: www.tigerresources.com.au