PERTH, Western Australia, July 31 /CNW/ - Tiger Resources Limited (ASX /
TSX: TGS) ("Tiger" or the "Company") advises that the activities report for
the quarter ended 30 June 2008 has been issued today. Highlights of the report
are set out below, and the full text of the report is available on the
Company's website www.tigerresources.com.au and at www.sedar.com.
- A Measured and Indicated Resource of 2.86Mt @ 8.1% Cu, containing
232,000 tonnes of copper was reported for the high grade section the
Kipoi Central orebody.
- Excellent progress made with the Definitive Feasibility Study (DFS)
for the proposed Stage 1 development of Kipoi Central, based on a
production schedule 35,000tpa of copper metal for the first three to
four year period of mine life.
- Final DFS report expected in August and expected to support a viable
- A 50x50m resource drilling programme completed at Kipoi North. Copper
mineralisation delineated over a strike of 650m to depths of 200m
from surface with a true width of between 15 to 40 metres. JORC
resource expected end August.
- Significant results at Kipoi North include:
KPNDD 030: 66.5m @ 2.9% Cu from 8.5m
KPNDD 040: 31.7m @ 3.7% Cu from 0.8m
KPNDD 044: 56.5m @ 3.1% Cu from 1.0m
- A 50x50m resource drilling programme completed at Kileba. Copper
mineralisation delineated over a strike of 550m from near surface to
a downhole depth of 200m. JORC resource expected end of September.
- Significant results at Kileba include:
KLBDD007: 131.5m @ 2.2% Cu from 19.5m
KLBDD008: 35.0m @ 3.7% Cu from 115.0m
KLBDD010: 36.5m @ 3.0% Cu from 62.0m
KLBDD017: 34.0m @ 3.0% Cu from 127.5m
AURUM JOINT VENTURE
- Multiple zones of copper mineralisation intersected in both RC and
diamond drilling at the Pumpi Project adjacent to Tenke Fungurumwe
concession confirm the significance of this major grass roots
- Diamond drilling continuing at Pumpi South and Sase prospects.
AFRIMINES JOINT VENTURE
- Tiger entered into an agreement to earn a 60% interest in a group of
four highly prospective grassroots exploration permits covering
approximately 165 square kilometres in the Katangan Province of the
- Trading on the Toronto Stock Exchange ("TSX") commenced in July 2008.
- Cash in bank at 30 June 2008 AU$25 million.
The Information in this report that relates to Mineral Resources is based
on a resource estimate compiled by Mr Ted Hansen and Mr Rick Adams, both of
whom are members of the Australasian Institute of Mining and Metallurgy
("AusIMM"). Mr Hansen and Mr Adams are directors of Cube Consulting Pty Ltd.
Mr Hansen and Mr Adams have sufficient experience which is relevant to the
style of mineralisation and type of deposit under consideration and to
resource estimation to qualify as Competent Persons 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 Hansen and Mr Adams consent to the
inclusion in this report of the matters based on their information in the form
and context in which it appears.
Scientific or technical information in this news release other than that
relating to mineral resources of the Kipoi Project 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 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 JORC Code and to qualify as a "Qualified
Person" under NI 43-101. Mr Young 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 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, including but not limited to those with respect to the development
of a 900,000tpa Stage 1 mining operation and 35,000tpa Stage 2 SXEW plant at
Kipoi Central, 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, Western Australia.
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; Richard Taylor, Investor Relations, Tel: (+61 8) 9240
1933, Email: email@example.com; Reg Gillard, Chairman, Tel: (+61 8) 9240
1933, Email: firstname.lastname@example.org; Company website: www.tigerez.com