ROAD TOWN, TORTOLA, BRITISH VIRGIN ISLANDS--(Marketwire - Feb. 27, 2012) - White Tiger Gold ("White Tiger" or the "Company") (TSX:WTG) announces the assay results from the 30,000 meter diamond drilling program completed on the Nasedkino license area in 2012. The program was designed to increase the conversion of historical Russian approved C1+C2 gold resources into National Instrument 43-101 ("NI43-101") compliant mineral resources and to expand the current limits of the known mineralization at the Pridoliny, Zhelanny and Gora 5 deposits.
"The 2011 drill program comprised of infill and exploration drilling was designed to meet key objectives of upgrading the existing mineral resource, increasing mineral resources along strike and to depth, and demonstrating continuity of mineralization. We believe these results meet the objectives of the program and allow White Tiger to both provide an updated National Instrument 43-101 mineral resource report for Nasedkino by June 2012 and advance to a final feasibility study for the planned commercial production of the Nasedkino project," said Daniel Major, Chief Executive Officer of White Tiger Gold.
Highlights;
- Four diamond drill rigs were dedicated to in-fill drilling on the Gora 5, Zhelanny and Pridoliny deposits. Core recovery has been excellent for the entire drill program averaging over 95% in the mineralized intervals;
- In-fill drilling on Pridoliny, Gora 5 and Zhelanny designed to increase the conversion of historical Russian approved C1 + C2 gold resources deposits has shown that excellent continuity exists between the wide spaced historical drilling results and the new assay results reported in this news release and the previous press release of 28, September 2011;
- Pridoliny drill results from this program have returned higher gold grades than those previously reported in the 43-101 inferred mineral resource for the same deposit. Notable intersections include 5 meters averaging 11.89 g/t Au in hole 846 and 13.5 meters averaging 7.30 g/t Au in hole 797;
- Gold grades from recent drill results from Zhelanny also reported better than the average grade reported for inferred mineral resources for that deposit, and include intersections of 11.5 meters averaging 72.91 g/t Au in hole 607 and 3 meters averaging 43.43 g/t Au in hole 748; and
- Gora 5 reported a similar various between recent drilling results and previous resources with higher gold grades. Notable intersections include 3 meters averaging 6.92 g/t Au in hole 701 and 34.2 meters averaging 5.69 g/t Au in hole 668.
LLC Urangeo-Amur managed the drilling program, under the direct supervision of the TOMS Group ("TOMS"), an independent exploration and engineering company with offices in Irkutsk and St Petersburg. TOMS has extensive exploration management experience for a wide range of projects located throughout Russia and is approved by the State Government.
Pridoliny Deposit
The Pridoliny gold-silver-copper mineralization extends along a northwest trend and is inclined to the northeast at 39-55 degrees. Within the Pridoliny deposit there are about 30 small ore bodies identified. Zones of gold mineralization are present in the Pridoliny deposit achieving a maximum ore intersection on core of 50 meters in drill hole 882 and 44.8 meters in drill hole 772. In-fill drilling is being carried out on a 25 x 50 meter grid in general. The current mineralized intersections reported in Table 1, exhibit good continuity with the historical intersections both along strike and down dip. Visible gold has been recognized in drill hole 821. The mineralization is open below a vertical depth of 140 m and is potentially open to the south. In total, 377 holes have been drilled on the Pridoliny deposit for 60,220.8 meters of which 107 holes were completed in 2011 for 10,429.7 meters. The final 2011 drilling results including significant gold intersections are reported in Table 1. All results on the Pridoliny deposit have been received.
Table 1: Assay Results Pridoliny Drilling Program (at 0.7 g/t Au cut-off)
Section Line |
DDH | Depth (m) |
From (m) |
To (m) |
Length (m) |
Au (ppm) |
Ag (ppm) |
Cu (ppm) |
050 | 756 | 30 | No Significant Intersections | |||||
050 | 758 | 80 | 6 | 12,7 | 6,7 | 0,89 | 1,19 | 240,73 |
050 | 758 | 80 | 18 | 25 | 7 | 0,95 | 2,97 | 835,43 |
050 | 762 | 50 | No Significant Intersections | |||||
060 | 850 | 55 | No Significant Intersections | |||||
060 | 852 | 30 | No Significant Intersections | |||||
060 | 855 | 40 | No Significant Intersections | |||||
070 | 764 | 30 | 15 | 20 | 5 | 1,85 | 6,90 | 105,20 |
070 | 767 | 90 | 37 | 40 | 3 | 0,72 | 5,07 | 291,33 |
080 | 786 | 70 | 20 | 26,7 | 6,7 | 0,80 | 5,33 | 848,31 |
080 | 786 | 70 | 59 | 62 | 3 | 0,87 | 4,10 | 1077,67 |
080 | 787 | 91 | 26,5 | 40 | 13,5 | 8,91 | 1,89 | 327,55 |
080 | 787 | 91 | 74 | 78,5 | 4,5 | 5,07 | 3,22 | 381,22 |
080 | 790 | 115 | 55,6 | 59 | 3,4 | 1,01 | 0,75 | 370,41 |
080 | 790 | 115 | 85,1 | 88,1 | 3 | 0,90 | 11,57 | 1236,00 |
080 | 793 | 130 | 31 | 34,2 | 3,2 | 1,67 | 18,23 | 555,81 |
080 | 796 | 141,5 | 77 | 81 | 4 | 0,81 | 2,86 | 159,30 |
090 | 769 | 93,1 | 26 | 31 | 5 | 0,80 | 3,48 | 720,08 |
090 | 769 | 93,1 | 67 | 72 | 5 | 0,77 | 9,78 | 1314,20 |
090 | 773 | 130 | 14,3 | 24 | 9,7 | 1,80 | 13,05 | 352,25 |
090 | 773 | 130 | 33,1 | 42,1 | 9 | 1,22 | 10,50 | 680,50 |
090 | 781 | 40 | 21,4 | 26,8 | 5,4 | 1,36 | 6,58 | 407,30 |
090 | 782 | 85,5 | 46,2 | 53 | 6,8 | 1,31 | 29,88 | 2490,88 |
090 | 782 | 85,5 | 64 | 67,3 | 3,3 | 0,96 | 7,26 | 1524,24 |
090 | 782 | 85,5 | 75 | 78 | 3 | 2,33 | 4,47 | 315,07 |
090 | 806 | 160 | 68,5 | 77 | 8,5 | 1,24 | 6,06 | 930,46 |
100 | 777 | 127,5 | 12 | 22 | 10 | 0,79 | 10,84 | 404,57 |
100 | 777 | 127,5 | 73,5 | 78 | 4,5 | 0,72 | 1,80 | 318,11 |
100 | 777 | 127,5 | 106 | 110 | 4 | 1,88 | 3,25 | 1806,75 |
100 | 777 | 127,5 | 115 | 119 | 4 | 0,72 | 1,42 | 1556,10 |
100 | 779 | 150 | 17 | 21,5 | 4,5 | 0,92 | 1,29 | 756,40 |
100 | 783 | 91,6 | 18 | 22,5 | 4,5 | 0,73 | 2,10 | 839,78 |
100 | 783 | 91,6 | 27,5 | 31 | 3,5 | 0,75 | 0,82 | 429,94 |
100 | 785 | 110,7 | No Significant Intersections | |||||
100 | 788 | 30 | No Significant Intersections | |||||
100 | 789 | 50 | No Significant Intersections | |||||
100 | 791 | 71 | 42 | 51,5 | 9,5 | 1,42 | 20,53 | 2270,00 |
100 | 792 | 130 | 1,5 | 32 | 30,5 | 0,90 | 2,41 | 728,15 |
100 | 792 | 130 | 46 | 57 | 11 | 0,82 | 15,06 | 902,09 |
110 | 798 | 132,2 | No Significant Intersections | |||||
110 | 800 | 87 | 44,5 | 48,6 | 4,1 | 0,96 | 1,29 | 1447,32 |
110 | 801 | 60 | No Significant Intersections | |||||
110 | 803 | 147,5 | 118,2 | 133 | 14,8 | 1,49 | 11,94 | 2446,35 |
120 | 794 | 30 | No Significant Intersections | |||||
120 | 795 | 91,3 | 1 | 9 | 8 | 1,79 | 18,51 | 299,13 |
120 | 795 | 91,3 | 14,2 | 19,5 | 5,3 | 2,43 | 29,01 | 5217,70 |
120 | 795 | 91,3 | 35 | 40 | 5 | 0,77 | 5,68 | 1447,74 |
120 | 797 | 110 | 33,8 | 41,3 | 7,5 | 7,30 | 58,66 | 9139,69 |
120 | 799 | 130 | 28,7 | 35 | 6,3 | 1,25 | 15,99 | 2074,79 |
120 | 799 | 130 | 63,5 | 73 | 9,5 | 1,76 | 8,16 | 1613,00 |
120 | 802 | 160 | 85,7 | 94 | 8,3 | 0,82 | 9,31 | 1177,98 |
120 | 802 | 160 | 103 | 117 | 14 | 1,72 | 8,29 | 1742,29 |
120 | 804 | 130 | No Significant Intersections | |||||
130 | 805 | 91 | No Significant Intersections | |||||
130 | 810 | 192,3 | 123 | 141,5 | 18,5 | 1,52 | 29,05 | 5562,65 |
130 | 810 | 192,3 | 152 | 163,7 | 11,7 | 1,87 | 11,54 | 3929,06 |
130 | 817 | 166 | 86,4 | 92 | 5,6 | 2,49 | 7,27 | 966,98 |
130 | 817 | 166 | 97,4 | 106 | 8,6 | 1,09 | 5,91 | 1936,15 |
140 | 814 | 30 | No Significant Intersections | |||||
140 | 815 | 64 | 12,5 | 17,5 | 5 | 0,85 | 0,72 | 1125,60 |
140 | 815 | 64 | 23,1 | 28,1 | 5 | 1,38 | 1,16 | 253,00 |
140 | 816 | 170 | 28 | 32 | 4 | 1,20 | 0,95 | 50,25 |
140 | 816 | 170 | 39 | 42 | 3 | 0,82 | 0,50 | 63,00 |
140 | 816 | 170 | 61 | 67 | 6 | 5,05 | 0,88 | 139,17 |
140 | 816 | 170 | 139 | 145,2 | 6,2 | 1,86 | 26,36 | 5011,13 |
140 | 816 | 170 | 149 | 154,5 | 5,5 | 1,84 | 14,47 | 3177,27 |
140 | 818 | 112 | 69 | 83,4 | 14,4 | 0,81 | 10,07 | 1274,73 |
140 | 818 | 112 | 90 | 93 | 3 | 1,72 | 2,40 | 1090,33 |
140 | 820 | 70 | 32,9 | 39 | 6,1 | 2,63 | 28,43 | 5565,74 |
140 | 821 | 140 | 107,5 | 117 | 9,5 | 1,95 | 12,46 | 2340,89 |
140 | 821 | 140 | 121 | 126 | 5 | 4,03 | 12,05 | 3126,04 |
150 | 823 | 170 | 151,2 | 155 | 3,8 | 1,44 | 42,12 | 9680,53 |
150 | 833 | 110 | 89 | 94 | 5 | 0,83 | 0,64 | 81,80 |
150 | 833 | 110 | 97,8 | 103 | 5,2 | 1,47 | 1,94 | 554,94 |
150 | 840 | 50 | 13,5 | 19,2 | 5,7 | 2,19 | 14,85 | 5232,81 |
150 | 840 | 50 | 22,4 | 26 | 3,6 | 3,24 | 12,02 | 6076,94 |
150 | 840 | 50 | 31 | 37 | 6 | 1,01 | 3,08 | 333,83 |
150 | 840 | 50 | 43,9 | 49,2 | 5,3 | 1,37 | 4,37 | 1233,02 |
160 | 826 | 183 | 62 | 66,3 | 4,3 | 2,75 | 0,80 | 189,37 |
160 | 834 | 130 | 104 | 120,4 | 16,4 | 1,33 | 12,40 | 3598,38 |
160 | 839 | 80 | 3 | 8,8 | 5,8 | 2,23 | 55,40 | 6681,90 |
160 | 839 | 80 | 46 | 51,8 | 5,8 | 2,07 | 16,74 | 3402,34 |
160 | 839 | 80 | 56,1 | 74,5 | 18,4 | 4,79 | 5,38 | 1905,58 |
170 | 825 | 43 | No Significant Intersections | |||||
170 | 836 | 145 | 64 | 68,4 | 4,4 | 1,56 | 1,58 | 2269,75 |
170 | 836 | 145 | 120 | 131,5 | 11,5 | 1,28 | 6,12 | 1459,74 |
170 | 836 | 145 | 137 | 143 | 6 | 0,95 | 12,48 | 4881,83 |
170 | 837 | 80 | 60 | 68,7 | 8,7 | 1,56 | 6,89 | 3773,44 |
180 | 830 | 190 | 115 | 120 | 5 | 0,95 | 1,90 | 1080,20 |
180 | 830 | 190 | 135,5 | 147 | 11,5 | 1,84 | 14,88 | 4150,17 |
180 | 830 | 190 | 150,7 | 156 | 5,3 | 2,06 | 4,60 | 2452,26 |
180 | 830 | 190 | 163 | 168,7 | 5,7 | 3,23 | 2,88 | 665,33 |
190 | 838 | 79 | 2 | 5 | 3 | 1,12 | 8,60 | 423,33 |
190 | 838 | 79 | 50,8 | 55,6 | 4,8 | 1,16 | 1,99 | 329,04 |
190 | 845 | 238 | 126 | 144,14 | 18,14 | 0,90 | 25,69 | 5646,76 |
190 | 845 | 238 | 226 | 234 | 8 | 1,73 | 1,13 | 1115,00 |
190 | 848 | 310 | 181 | 206 | 25 | 1,20 | 7,34 | 3851,56 |
190 | 848 | 310 | 262 | 268 | 6 | 3,19 | 1,85 | 1546,33 |
190 | 848 | 310 | 283,7 | 287 | 3,3 | 1,09 | 9,02 | 3120,24 |
190 | 882 | 170 | 34,9 | 41,7 | 6,8 | 0,78 | 0,52 | 3536,91 |
190 | 882 | 170 | 69,5 | 76,1 | 6,6 | 0,97 | 3,55 | 907,12 |
190 | 882 | 170 | 91 | 112,3 | 21,3 | 2,88 | 10,28 | 4480,51 |
190 | 882 | 170 | 117,8 | 127,7 | 9,9 | 1,75 | 3,99 | 3454,34 |
190 | 882 | 170 | 134 | 139,4 | 5,4 | 1,18 | 2,83 | 2252,04 |
200 | 842 | 243,5 | 180 | 186 | 6 | 1,06 | 2,85 | 2247,67 |
200 | 842 | 243,5 | 191 | 210 | 19 | 3,27 | 13,38 | 7474,17 |
200 | 842 | 243,5 | 214 | 221 | 7 | 0,99 | 3,96 | 4010,86 |
200 | 842 | 243,5 | 228,8 | 233 | 4,2 | 1,54 | 2,44 | 1584,76 |
200 | 853 | 283 | No Significant Intersections | |||||
200 | 860 | 169 | 85 | 91 | 6 | 0,79 | 2,82 | 2936,67 |
200 | 860 | 169 | 100 | 116 | 16 | 0,84 | 3,74 | 2990,41 |
200 | 860 | 169 | 130 | 133 | 3 | 0,77 | 4,63 | 5593,33 |
200 | 860 | 169 | 141 | 149 | 8 | 0,92 | 2,46 | 3229,88 |
200 | 885 | 75 | 6 | 21 | 15 | 2,95 | 0,45 | 363,25 |
200 | 885 | 75 | 37 | 57,4 | 20,4 | 1,75 | 5,12 | 3144,34 |
210 | 784 | 270,5 | 213,7 | 219 | 5,3 | 1,03 | 0,47 | 547,70 |
210 | 784 | 270,5 | 249 | 265 | 16 | 0,89 | 3,89 | 3368,75 |
210 | 844 | 176 | 120,1 | 123,1 | 3 | 1,29 | 6,27 | 5613,67 |
210 | 844 | 176 | 134 | 137,6 | 3,6 | 0,92 | 1,68 | 1550,83 |
210 | 844 | 176 | 144,6 | 147,7 | 3,1 | 1,45 | 1,01 | 1192,90 |
210 | 844 | 176 | 156 | 174,5 | 18,5 | 1,01 | 1,68 | 1940,08 |
220 | 765 | 67 | 11 | 17 | 6 | 1,12 | 2,49 | 1608,83 |
220 | 768 | 110 | 12,4 | 16 | 3,6 | 0,82 | 3,47 | 1736,11 |
220 | 768 | 110 | 89 | 103 | 14 | 0,87 | 4,09 | 3257,36 |
220 | 772 | 150 | 48 | 67,8 | 19,8 | 1,11 | 2,82 | 2728,42 |
220 | 772 | 150 | 102 | 106 | 4 | 0,71 | 2,58 | 1985,00 |
220 | 772 | 150 | 111 | 132 | 21 | 1,00 | 3,22 | 3081,89 |
220 | 780 | 240 | 230 | 236 | 6 | 0,82 | 2,57 | 1953,33 |
230 | 760 | 60 | No Significant Intersections | |||||
230 | 763 | 130 | 13,1 | 28 | 14,9 | 0,85 | 6,54 | 5172,21 |
230 | 763 | 130 | 75 | 78 | 3 | 0,71 | 3,53 | 2560,00 |
230 | 775 | 250 | No Significant Intersections | |||||
230 | 861 | 40 | No Significant Intersections | |||||
230 | 876 | 40,1 | 11,6 | 17,5 | 5,9 | 0,70 | 1,45 | 1607,36 |
230 | 936 | 50 | 10 | 21,6 | 11,6 | 1,41 | 1,15 | 1508,44 |
230 | 936 | 50 | 36,3 | 41,3 | 5 | 0,86 | 1,38 | 1610,00 |
230 | 939 | 53 | 18 | 30 | 12 | 1,00 | 1,88 | 1822,50 |
240 | 813 | 166 | 131 | 134 | 3 | 0,86 | 1,80 | 1618,73 |
240 | 835 | 179 | No Significant Intersections | |||||
240 | 843 | 119 | No Significant Intersections | |||||
240 | 846 | 90 | 20 | 25 | 5 | 11,89 | 1,24 | 669,00 |
240 | 846 | 90 | 31,4 | 44,5 | 13,1 | 0,82 | 1,42 | 926,63 |
240 | 847 | 60 | 20 | 25,7 | 5,7 | 0,97 | 5,88 | 5619,12 |
240 | 847 | 60 | 37 | 44 | 7 | 2,22 | 2,49 | 1889,60 |
240 | 883 | 30 | No Significant Intersections | |||||
240 | 884 | 40 | No Significant Intersections | |||||
240 | 886 | 40 | No Significant Intersections | |||||
240 | 889 | 40 | No Significant Intersections | |||||
240 | 894 | 40 | 9,7 | 16 | 6,3 | 0,89 | 0,43 | 911,79 |
240 | 898 | 40 | 30 | 35 | 5 | 0,76 | 2,98 | 2903,00 |
240 | 934 | 40 | 6 | 11 | 5 | 1,00 | 1,61 | 2089,56 |
240 | 935 | 40 | 10,5 | 17 | 6,5 | 1,17 | 0,25 | 890,92 |
240 | 935 | 40 | 29 | 34 | 5 | 1,99 | 1,54 | 1407,64 |
240 | 938 | 42 | 25 | 33,3 | 8,3 | 3,38 | 2,09 | 2027,01 |
250 | 755 | 90 | 11,2 | 23 | 11,8 | 0,94 | 1,31 | 1187,44 |
250 | 755 | 90 | 59 | 66 | 7 | 0,97 | 0,38 | 288,81 |
250 | 755 | 90 | 72 | 76 | 4 | 0,88 | 1,38 | 1154,25 |
260 | 879 | 36,4 | 16,4 | 33,8 | 17,4 | 1,12 | 0,66 | 1110,86 |
260 | 880 | 85 | 5 | 8 | 3 | 0,86 | 0,30 | 169,00 |
260 | 880 | 85 | 13 | 16 | 3 | 0,90 | 1,77 | 2700,00 |
260 | 880 | 85 | 19,5 | 28 | 8,5 | 0,94 | 0,61 | 1103,28 |
260 | 880 | 85 | 51 | 63 | 12 | 1,90 | 0,43 | 1549,42 |
260 | 880 | 85 | 67 | 81 | 14 | 1,24 | 0,22 | 681,56 |
260 | 881 | 80 | 28 | 33 | 5 | 1,69 | 0,49 | 1213,14 |
260 | 888 | 40 | 4 | 7 | 3 | 0,97 | 0,37 | 1161,00 |
260 | 888 | 40 | 12 | 20,1 | 8,1 | 3,16 | 1,84 | 3142,59 |
260 | 890 | 40 | 16,4 | 22,2 | 5,8 | 2,22 | 0,16 | 543,03 |
260 | 892 | 40 | 28 | 40 | 12 | 0,78 | 0,79 | 1288,04 |
270 | 877 | 51 | No Significant Intersections | |||||
270 | 893 | 40 | No Significant Intersections | |||||
270 | 896 | 40 | 8,5 | 15,5 | 7 | 1,04 | 0,73 | 1414,14 |
270 | 897 | 40 | No Significant Intersections | |||||
280 | 874 | 20 | 9,9 | 16,3 | 6,4 | 1,19 | 8,24 | 758,22 |
280 | 875 | 40 | No Significant Intersections | |||||
280 | 878 | 60 | 21,4 | 28 | 6,6 | 0,93 | 0,83 | 662,27 |
280 | 899 | 40 | No Significant Intersections | |||||
280 | 929 | 40 | No Significant Intersections | |||||
280 | 932 | 40 | No Significant Intersections | |||||
280 | 933 | 40 | No Significant Intersections |
Zhelanny Deposit
The Zhelanny gold-silver-copper mineralization forms a northwest trending zone that is 450 meters in length and is inclined to the northeast at 35-65 degrees. Drilling has encountered at least 3 subparallel zones of gold mineralization achieving a maximum ore intersection on core of 57.4 meters in drill hole 771, 42.9 meters in drill hole 612 and 35.9 meters in drill hole 856. In-fill drilling is being carried out on a 25 x 50 meter grid in general. The current mineralized intersections reported in Table 1, exhibit good continuity with the historical intersections both along strike and down dip. Visible gold has been recognized in drill holes 607, 612, 748, 766, 771 and 776. The mineralization is open below a vertical depth of 140 m. In total, 82 holes have been drilled on the Zhelanny deposit for 7,723.9 meters of which 49 holes were completed in 2011 for 4597.9 meters. The final 2011 drilling results including significant gold intersections are reported in Table 2. As of today all results on the Zhelanny deposit have been received.
Table 2: Assay Results Zhelanny Drilling Program (at 0.7 g/t Au cut-off)
Section Line | DDH | Depth (m) |
From (m) |
To (m) |
Length (m) |
Au (ppm) |
Ag (ppm) |
Cu (ppm) |
LC-510 | 715 | 65 | 53,6 | 56,6 | 3 | 1,10 | 1,33 | 59,67 |
LC-510 | 716 | 40 | 22,8 | 32,7 | 9,9 | 0,91 | 1,45 | 118,56 |
LC-510 | 720 | 91,2 | No Significant Intersections | |||||
LC-510 | 734 | 110,5 | No Significant Intersections | |||||
LC-520 | 600* | 120 | 94,6 | 101,75 | 7,15 | 1,32 | 1,02 | 183,17 |
LC-520 | 602* | 85 | 5,2 | 11 | 5,8 | 1,36 | 2,40 | 498,14 |
LC-520 | 602* | 85 | 54,6 | 59,7 | 5,1 | 0,75 | 1,06 | 171,92 |
LC-520 | 604* | 65 | 25,2 | 29,3 | 4,1 | 3,92 | 6,73 | 2942,66 |
LC-520 | 606* | 99,6 | No Significant Intersections | |||||
LC-520 | 608* | 45 | No Significant Intersections | |||||
LC-530 | 736 | 80,2 | No Significant Intersections | |||||
LC-530 | 737 | 60,1 | No Significant Intersections | |||||
LC-530 | 741 | 80,2 | No Significant Intersections | |||||
LC-530 | 742 | 100,2 | 62,4 | 65,7 | 3,3 | 0,71 | 8,51 | 436,64 |
LC-530 | 745* | 120,4 | No Significant Intersections | |||||
LC-530 | 747 | 148 | No Significant Intersections | |||||
LC-540 | 601* | 103,1 | 82 | 86,2 | 4,2 | 1,19 | 1,83 | 290,00 |
LC-540 | 603* | 30 | No Significant Intersections | |||||
LC-540 | 807 | 140 | 97 | 101 | 4 | 2,05 | 17,53 | 3125,00 |
LC-540 | 808 | 87 | No Significant Intersections | |||||
LC-540 | 809 | 70 | 20,6 | 44,6 | 24 | 3,20 | 2,06 | 467,32 |
LC-550 | 743 | 125 | No Significant Intersections | |||||
LC-550 | 746 | 100 | No Significant Intersections | |||||
LC-550 | 748 | 80 | 68,7 | 71,7 | 3 | 43,43 | 21,28 | 1978,60 |
LC-550 | 751 | 60 | 51,2 | 54,2 | 3 | 2,11 | 0,73 | 17,33 |
LC-550 | 753* | 40 | 27 | 33 | 6 | 4,17 | 3,93 | 884,67 |
LC-560 | 605* | 95 | No Significant Intersections | |||||
LC-560 | 607* | 80 | 51,5 | 63 | 11,5 | 72,91 | 3,96 | 139,54 |
LC-560 | 610* | 130 | No Significant Intersections | |||||
LC-560 | 611* | 50 | No Significant Intersections | |||||
LC-570 | 754 | 70,5 | 31,5 | 35,5 | 4 | 0,98 | 3,15 | 3,50 |
LC-570 | 759 | 90 | 39 | 43 | 4 | 0,97 | 2,33 | 17,50 |
LC-570 | 761 | 110 | No Significant Intersections | |||||
LC-570 | 766 | 147 | 34 | 39 | 5 | 4,49 | 6,27 | 145,94 |
LC-570 | 766 | 147 | 78 | 86 | 8 | 1,31 | 19,20 | 1850,00 |
LC-570 | 771* | 108,3 | 30 | 48,4 | 18,4 | 8,74 | 6,17 | 564,22 |
LC-570 | 771* | 108,3 | 55 | 94 | 39 | 2,28 | 17,03 | 121,57 |
LC-570 | 776 | 129,5 | 58 | 70 | 12 | 4,57 | 2,07 | 763,50 |
LC-570 | 776 | 129,5 | 77 | 82 | 5 | 1,23 | 2,02 | 9,00 |
LC-570 | 776 | 129,5 | 86 | 92 | 6 | 4,31 | 9,23 | 68,33 |
LC-570 | 776 | 129,5 | 100 | 106 | 6 | 0,96 | 4,42 | 112,47 |
LC-570 | 778 | 146 | 100 | 106 | 6 | 5,63 | 13,57 | 2509,50 |
LC-570 | 778 | 146 | 127 | 130 | 3 | 1,18 | 7,57 | 1296,33 |
LC-570 | 856 | 106,2 | 9 | 12 | 3 | 3,98 | 1,03 | 201,33 |
LC-570 | 856 | 106,2 | 31 | 37 | 6 | 2,30 | 0,77 | 152,85 |
LC-570 | 856 | 106,2 | 58,1 | 85 | 26,9 | 1,62 | 9,97 | 66,64 |
LC-580 | 609* | 170 | 62 | 72,5 | 10,5 | 2,49 | 21,44 | 2241,03 |
LC-580 | 609* | 170 | 89,9 | 105 | 15,1 | 0,92 | 2,66 | 508,01 |
LC-580 | 612* | 111,5 | 0,8 | 6,7 | 5,9 | 1,69 | 2,79 | 2,48 |
LC-580 | 612* | 111,5 | 12,5 | 35,7 | 23,2 | 1,72 | 1,82 | 5,88 |
LC-580 | 612* | 111,5 | 39 | 52,8 | 13,8 | 1,46 | 1,06 | 53,07 |
LC-580 | 614* | 90,5 | 3 | 11,7 | 8,7 | 1,57 | 1,21 | 16,07 |
LC-580 | 616* | 83,4 | No Significant Intersections | |||||
LC-580 | 832 | 45 | 0 | 15,5 | 15,5 | 1,47 | 5,37 | 21,65 |
LC-580 | 832 | 45 | 20,4 | 31 | 10,6 | 0,97 | 5,15 | 10,44 |
LC-590 | 819 | 133 | No Significant Intersections | |||||
LC-590 | 822 | 90 | No Significant Intersections | |||||
LC-590 | 824 | 105 | No Significant Intersections | |||||
LC-590 | 827 | 65 | 40 | 43 | 3 | 0,80 | 2,08 | 33,22 |
LC-590 | 828 | 30 | No Significant Intersections | |||||
LC-590 | 831 | 41,5 | No Significant Intersections | |||||
LC-600 | 647* | 225 | No Significant Intersections |
(i)True thickness of the mineralized zone is unknown and is reported as drill hole length |
* drill holes mentioned in the Press Release as of 28.09.11 |
Gora 5 Deposit
The Gora 5 gold-silver-copper mineralization extends along a northwest trend for 880 m in length and is inclined to the northeast at 30-60 degrees. The mineralized zone is thickest between lines 460-480. Good potential exists to extend the gold mineralization to the southwest between lines 450-510 and 550-580 and to the northwest of line 590. A total of 3 basic subparallel zones of gold mineralization are present in the Gora 5 deposit achieving a maximum combined ore intersection on core of 41.1 meters in drill hole 619 and 48.1 meters in drill hole 636. In-fill drilling is being carried out on a 25 x 50 meter grid in general. The final 2011 mineralized intersections reported in Table 2, exhibit excellent continuity with the historical intersections both along strike and down dip especially between lines 450-510. The mineralization is open below a vertical depth ranging up to 145 meters on the majority of drill sections. In total, 75 holes have been drilled on the Gora 5 deposit for 7,594 meters of which 59 holes were completed in 2011 for 5,394 meters. The current 2011 drilling results including significant gold intersections are reported in Table 3. As of today all results on the Gora-5 have been received.
Table 3: Assay Results Gora 5 Drilling Program (at 0.7 g/t Au cut-off)
Section Line | DDH | Depth (m) |
From (m) |
To (m) |
Length (m) |
Au (ppm) |
Ag (ppm) |
Cu (ppm) |
LC-450 | 651* | 50,2 | 26,2 | 29,2 | 3 | 0,76 | 35,08 | 1667,07 |
LC-450 | 653* | 106,2 | 79,2 | 83 | 3,8 | 1,34 | 3,08 | 1296,84 |
LC-450 | 655* | 80,2 | 10 | 14,8 | 4,8 | 1,42 | 5,40 | 295,75 |
LC-450 | 657* | 91 | No Significant Intersections | |||||
LC-460 | 631 | 70 | 17 | 20 | 3 | 2,21 | 5,67 | 176,67 |
LC-460 | 632* | 100,2 | 37,2 | 42,2 | 5 | 2,01 | 3,30 | 1504,40 |
LC-460 | 632* | 100,2 | 62,8 | 73,2 | 10,4 | 2,37 | 2,54 | 1331,90 |
LC-460 | 634* | 25 | No Significant Intersections | |||||
LC-460 | 635* | 155,3 | 23,7 | 36,8 | 13,1 | 1,35 | 0,13 | 433,15 |
LC-460 | 635* | 155,3 | 50,3 | 64,5 | 14,2 | 1,07 | 2,02 | 2326,72 |
LC-460 | 635* | 155,3 | 100 | 121 | 21 | 1,06 | 1,60 | 1694,25 |
LC-460 | 636* | 175,5 | 51,2 | 84,5 | 33,3 | 1,77 | 1,41 | 1033,79 |
LC-460 | 636* | 175,5 | 99,5 | 104,5 | 5 | 1,87 | 4,14 | 3902,00 |
LC-460 | 636* | 175,5 | 117,7 | 127,5 | 9,8 | 0,82 | 2,72 | 3014,18 |
LC-460 | 811 | 130 | 18 | 38 | 20 | 1,28 | 2,32 | 1076,55 |
LC-460 | 811 | 130 | 43 | 53 | 10 | 2,38 | 3,90 | 1934,70 |
LC-460 | 811 | 130 | 67 | 72 | 5 | 0,99 | 1,18 | 678,80 |
LC-460 | 811 | 130 | 89,4 | 100 | 10,6 | 1,55 | 2,11 | 1358,89 |
LC-470 | 658* | 151 | 109 | 149 | 40 | 3,97 | 1,42 | 1418,30 |
LC-470 | 661* | 126,5 | 83,2 | 91 | 7,8 | 2,95 | 0,29 | 1,06 |
LC-470 | 661* | 126,5 | 96 | 99 | 3 | 0,89 | 0,10 | 36,00 |
LC-470 | 661* | 126,5 | 112,9 | 123,2 | 10,3 | 1,42 | 2,49 | 2251,07 |
LC-470 | 662* | 100,2 | 55,7 | 71,9 | 16,2 | 4,79 | 1,56 | 800,93 |
LC-470 | 662* | 100,2 | 87,9 | 91,8 | 3,9 | 0,78 | 1,24 | 683,33 |
LC-470 | 664 | 80 | 26,3 | 61,4 | 35,1 | 3,19 | 1,40 | 1143,94 |
LC-470 | 666* | 60,1 | 0 | 6 | 6 | 1,13 | 0,73 | 204,17 |
LC-470 | 666* | 60,1 | 21,6 | 40,5 | 18,9 | 1,90 | 3,21 | 1184,76 |
LC-470 | 666* | 60,1 | 44,8 | 53,8 | 9 | 1,00 | 0,77 | 479,34 |
LC-470 | 667 | 40 | 15 | 20,2 | 5,2 | 1,32 | 0,59 | 304,79 |
LC-480 | 638* | 190 | 141,8 | 145,5 | 3,7 | 1,12 | 1,52 | 586,22 |
LC-480 | 638* | 190 | 159 | 163,6 | 4,6 | 4,63 | 3,03 | 2126,78 |
LC-480 | 639* | 127 | 61,9 | 72,3 | 10,4 | 4,43 | 0,15 | 112,98 |
LC-480 | 639* | 127 | 75,5 | 90,8 | 15,3 | 1,82 | 0,48 | 376,28 |
LC-480 | 639* | 127 | 103,8 | 113,1 | 9,3 | 1,07 | 1,98 | 2227,78 |
LC-480 | 642* | 142,5 | 88,8 | 101,8 | 13 | 1,62 | 1,38 | 450,85 |
LC-480 | 642* | 142,5 | 106 | 128,2 | 22,2 | 3,06 | 2,24 | 1336,50 |
LC-480 | 643* | 36 | 27,4 | 34,8 | 7,4 | 1,56 | 0,86 | 466,73 |
LC-480 | 644* | 101,2 | 2,2 | 6,2 | 4 | 1,30 | 0,13 | 180,50 |
LC-480 | 644* | 101,2 | 18,4 | 24,2 | 5,8 | 0,75 | 4,84 | 1751,31 |
LC-480 | 646* | 85,1 | No Significant Intersections | |||||
LC-490 | 668 | 70 | 19,5 | 53,7 | 34,2 | 5,69 | 1,58 | 354,06 |
LC-490 | 670* | 100,1 | 69,1 | 84,7 | 15,6 | 2,14 | 2,01 | 688,82 |
LC-490 | 672* | 120,2 | 74 | 80,6 | 6,6 | 1,50 | 3,80 | 2074,97 |
LC-490 | 672* | 120,2 | 94,8 | 110,5 | 15,7 | 1,49 | 1,73 | 1091,45 |
LC-490 | 673 | 142 | 115 | 125,2 | 10,2 | 1,08 | 3,09 | 1747,29 |
LC-490 | 676* | 170,1 | 116,2 | 122 | 5,8 | 4,33 | 0,39 | 718,48 |
LC-490 | 676* | 170,1 | 142 | 148,2 | 6,2 | 1,61 | 0,45 | 500,55 |
LC-490 | 678 | 42,2 | No Significant Intersections | |||||
LC-500 | 648* | 115 | 97,5 | 102,5 | 5 | 5,59 | 1,68 | 1170,60 |
LC-500 | 649* | 55,1 | 25 | 33,8 | 8,8 | 1,18 | 0,27 | 140,98 |
LC-500 | 649* | 55,1 | 37,6 | 43,2 | 5,6 | 0,79 | 0,17 | 120,89 |
LC-510 | 679* | 20,2 | 4,2 | 14,8 | 10,6 | 1,31 | 0,30 | 530,34 |
LC-510 | 681* | 50 | No Significant Intersections | |||||
LC-510 | 682* | 75,1 | No Significant Intersections | |||||
LC-510 | 683* | 107 | 99 | 105,2 | 6,2 | 3,54 | 0,93 | 659,81 |
LC-520 | 650* | 76 | 9 | 16 | 7 | 1,31 | 1,51 | 2868,57 |
LC-530 | 685* | 45,6 | No Significant Intersections | |||||
LC-530 | 686 | 76 | No Significant Intersections | |||||
LC-530 | 689* | 106,1 | No Significant Intersections | |||||
LC-530 | 690* | 133 | 79,4 | 89 | 9,6 | 1,16 | 12,16 | 4332,10 |
LC-540 | 626* | 151 | 98,8 | 104 | 5,2 | 2,36 | 1,22 | 583,42 |
LC-540 | 626* | 151 | 110,2 | 115,4 | 5,2 | 2,15 | 2,75 | 955,19 |
LC-540 | 628* | 110,2 | 14 | 20,8 | 6,8 | 1,47 | 1,41 | 399,91 |
LC-540 | 628* | 110,2 | 84,8 | 90,2 | 5,4 | 0,83 | 0,80 | 356,48 |
LC-540 | 630* | 90,2 | No Significant Intersections | |||||
LC-550 | 693* | 80,1 | No Significant Intersections | |||||
LC-550 | 694* | 100,1 | 21,2 | 25,1 | 3,9 | 3,39 | 1,43 | 329,38 |
LC-550 | 694* | 100,1 | 80,9 | 85,8 | 4,9 | 0,79 | 1,82 | 950,82 |
LC-550 | 696 | 120 | No Significant Intersections | |||||
LC-550 | 699* | 142,1 | No Significant Intersections | |||||
LC-560 | 623* | 43,2 | No Significant Intersections | |||||
LC-560 | 624* | 115 | No Significant Intersections | |||||
LC-560 | 625* | 64,2 | No Significant Intersections | |||||
LC-570 | 700* | 30,1 | 5 | 8,8 | 3,8 | 1,49 | 2,52 | 552,76 |
LC-570 | 701* | 52 | 8,8 | 13,4 | 4,6 | 1,12 | 0,40 | 157,65 |
LC-570 | 701* | 52 | 27 | 31 | 4 | 1,12 | 0,43 | 95,25 |
LC-570 | 701* | 52 | 37 | 40 | 3 | 6,92 | 1,27 | 215,00 |
LC-570 | 703 | 82,1 | 19,3 | 32,1 | 12,8 | 0,76 | 0,23 | 66,86 |
LC-570 | 703 | 82,1 | 52,8 | 57,2 | 4,4 | 0,94 | 0,37 | 113,73 |
LC-570 | 705 | 100,2 | No Significant Intersections | |||||
LC-580 | 619* | 102,5 | 37,7 | 41,5 | 3,8 | 0,75 | 0,25 | 10,71 |
LC-580 | 619* | 102,5 | 51,2 | 75 | 23,8 | 2,44 | 1,24 | 173,24 |
LC-580 | 619* | 102,5 | 85 | 98,5 | 13,5 | 1,54 | 2,42 | 710,53 |
LC-580 | 621* | 50,2 | 5 | 23,1 | 18,1 | 1,94 | 3,76 | 806,31 |
LC-580 | 622* | 23,9 | No Significant Intersections | |||||
LC-590 | 706 | 40 | 12,2 | 17 | 4,8 | 0,91 | 4,81 | 2162,08 |
LC-590 | 706 | 40 | 20,7 | 26,5 | 5,8 | 1,69 | 3,84 | 738,62 |
LC-590 | 708 | 70 | 36 | 43,7 | 7,7 | 1,17 | 2,11 | 652,18 |
LC-590 | 708 | 70 | 48,7 | 55,3 | 6,6 | 0,93 | 1,55 | 205,92 |
LC-590 | 709 | 100 | 63,9 | 68 | 4,1 | 0,91 | 1,95 | 135,85 |
(i)True thickness of the mineralized zone is unknown and is reported as drill hole length |
* drill holes mentioned in the press release as of 28.09.11 |
Future Exploration Program
The drilling program has been finished on the Nasedkino so far and proceeds on the Uyrum license areas. Assay results are available and currently TOMS is resource modeling. TOMS Engineering continues carrying out further metallurgical and communition tests on mineralized core from the three deposits to assist with flow sheet and grinding circuit design.
Qualified Persons
Dr. Alexander Sobolev, Ph.D, MAIG, Director, Geological Audit and Consulting Department JSC TOMS Engineering (St. Petersburg) and a qualified person within the meaning of National Instrument NI 43-101 and has reviewed and approved those sections of the press release related to Savkino and has verified the associated data disclosed in this press release.
Drilling, logging, sampling and dispatch were under the direct supervision of TOMS, an independent geological consulting and engineering company certified under the Law of the Russian Federation # 128- FZ with the latest revision dated December 29, 2010.
Micon prepared NI43-101 compliant Technical Report on the Nasedkino Project entitled "Nasedkino Project, Chita Region, Russian Federation, Mineral Resources, NI43-101 Technical Report" dated November 22, 2010, a copy of which is available under White Tiger Gold's SEDAR profile at www.sedar.com.
Quality Control
Drill core samples are processed in the Company's on-site preparation facility that is managed by ALS Chita Laboratory LLC ("ALS") and is independent of White Tiger Gold Ltd. The drill core sample pulps are then shipped to ALS's facilities in the capital city of Chita, Zaibaikal Region, Russian Federation where they are analyzed by Fire Assay with AAS finish. Copper, silver and 33 other elements are analyzed by ICP-AES. White Tiger Gold utilizes industry standard QA/QC protocols with respect to sampling procedures. Blanks, duplicates and international industry certified standards are inserted into the sample stream to monitor laboratory performance. Analytical results of control samples indicate there is no apparent analytical bias or systematic contamination of samples, and accuracy is within the stated specifications of the certified reference material. ALS Chita, an internationally accredited analytical company with 300 offices worldwide.
Additional information including press releases and public documents about White Tiger Gold Ltd. can be viewed at the Company's website, www.whitetigergold.com or at www.sedar.com.
About White Tiger Gold
The Company is a TSX-listed mining and exploration company, focused on mine expansion and the development of mineral resources in Canada, the Russian Federation, and Peru. The Company currently operates the Lamaque Mine in Val D' Or, Quebec; Savkino heap leach gold operation located in southeastern Siberia; and the San Juan Gold Mine in San Juan Valley, Peru. Plans are underway to expand gold production at each of Lamaque, San Juan and Savkino and to develop a gold-copper mine at the Company's Nasedkino property situated in Chita Region in southeast Siberia with the goal of becoming a mid-tier gold producer. The Company also holds three additional early-stage gold exploration licenses in prospective geological environments located in central and northeast Siberia.
Forward-Looking Information
This news release contains forward-looking information. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding mineral resource estimates (including the potential conversion of historical estimates into estimates that are compliant with NI 43-101), expected results of drilling and other exploration activities, the Company's receipt of certain assay results, potential mineralization, the potential scope of the mineralized area and the Company's exploration and development plans) are forward-looking information.
This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks related to the exploration, development and production stages of the Company's properties; uncertainties relating to the availability and costs of financing needed to complete exploration, development and production activities; failure to establish estimated and/or anticipated mineral resources (no assurances can be given that the indicated and/or anticipated levels of gold will be produced from such resources); delays in the exploration and development of, and/or commercial production from, the properties in which the Company has an interest; the uncertainties involved in interpreting exploration results and other geological data; unexpected geological conditions; the speculative nature of mineral exploration and development, including the uncertainty of and the imprecision in mineral resource and reserve estimates; success of future development initiatives; operating performance of facilities; the possibility that the results of future exploration will not be consistent with the Company's expectations; changes in the price of gold or certain other commodities (such as fuel and electricity); fluctuations in the currency markets; changes in equity markets; changes in interest rates; failure to complete financings on favourable terms or at all; exploration, capital and other costs varying significantly from estimates; uncertainties relating to the availability and costs of financing needed in the future; changes in national and local government legislation, taxation, controls, policies and regulations; political developments in Russia; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; and the other risks involved in the mineral exploration business.
Forward-looking information speaks only as of the date on which it is provided and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein. Additional information about these assumptions and risks and uncertainties are contained in the Company's filings with securities regulators, including its management's discussion and analysis dated March 30, 2011 (available on the Company's SEDAR profile at www.sedar.com). All of the forward-looking information made in this news release is qualified by the foregoing cautionary statements and those made in the "Risk Factors" section of the Company's most recently filed Annual Information Form dated March 30, 2011 (available on the Company's SEDAR profile at www.sedar.com).
The mineral resource figures disclosed in this news release are estimates and no assurances can be given that the indicated levels of gold will be produced. Such estimates are expressions of judgment based on knowledge, mining experience, analysis of drilling results and industry practices. Valid estimates made at a given time may significantly change when new information becomes available. While the Company believes that the mineral resource estimates disclosed in this news release are well established, by their nature mineral resource estimates are imprecise and depend, to a certain extent, upon statistical inferences which may ultimately prove unreliable. If such estimates are inaccurate or reduced in the future, this could have a material adverse impact on the Company. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Inferred mineral resources are estimated on limited information not sufficient to verify geological and grade continuity or to allow technical and economic parameters to be applied. Inferred mineral resources are too speculative geologically to have economic considerations applied to them to enable them to be categorized as mineral reserves. There is no certainty that mineral resources can be upgraded to mineral reserves through continued exploration.
Contact Information:
Daniel Major
Chief Executive Officer
info@whitetigergold.com
www.whitetigergold.com
Terre Partners
Joanna Longo
Investor Relations
1 (416) 238 1414 (ext 233)
jlongo@terrepartners.com