Tiger Resources Limited - New targets at Lupoto Copper Project

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Highlights

• Significant copper results from recent soil sampling programmes
  
  
• Two extensive geochemical anomalies identified, including one over 1.7km by 0.8km
  
  
• Results indicate copper mineralisation is widespread within Lupoto Copper Project (PR2214) and have outlined new drill targets

PERTH, Western Australia, Nov. 25 /CNW/ - Tiger Resources Limited (ASX/TSX: TGS, "Tiger") is pleased to announce significant results from its recent geochemical soil sampling programme on the Company's 100%-owned Lupoto Copper Project (PR2214) in the Democratic Republic of Congo.

Soil sampling has proven to be extremely effective at outlining new drilling targets to test for sub surface copper mineralisation. Previously undiscovered high grade copper mineralisation has been located by air core (AC) and diamond drill testing of soil anomalies at Lupoto. 

The recent soil sampling program on a 200m by 50m grid was undertaken to extend coverage provided by previous surveys and to test structural irregularities identified from high resolution geophysical data. 

The program has identified two distinct, cohesively contoured copper-in-soil anomalies within an area of approximately 2km by 2km, called Mwana East. The larger of the two anomalies has a dimension of approximately 1700m X 800m with peak value of 546ppm Cu, relative to background levels of below 60ppm.

The anomalies correlate well with regional structural features, considered to be favourable for introducing copper mineralising fluids.

The Mwana East anomaly is located 2km east of the Mwana soil anomaly, which was identified from earlier soil results and lies in the same structural corridor.

The results indicate copper mineralisation is more widespread than previously thought and provide further evidence that Lupoto has the potential to host large-scale copper deposits.

Further systematic work is required to fully assess the prospectivity of Lupoto and its resource potential.

The Mwana East anomaly and other previously identified anomalies within the Lupoto Project will be drill tested as part of the current drilling programme. At present one diamond core rig is completing infill drilling at the Sase Prospect and one RC rig is testing the Sase South Prospect.

Background

The Sase Prospect is situated within the Lupoto Permit (PR2214) which covers an area of 140 sq km. The permit is located approximately 10kms to the south of Tiger's flagship Kipoi Project and 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 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 Prospect 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.

Company website: www.tigerresources.com.au

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 mineralisation 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.

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