White Tiger Gold Ltd. Announces Positive Assay Results from Drevniy Gold Prospect in Russia

Strategic Insights -

White Tiger Gold Ltd. has announced positive assay results from its first diamond drilling program completed on the Drevniy gold prospect, one of six known gold prospects in the 760 km2 Pridneprov license area in northeast Russia. The drilling highlights a wide zone of gold mineralization suitable for open-pit mining, with significant intersections summarized in Tables 1 and 2.

Key Takeaways:

  • The drilling program has identified a wide zone of gold mineralization at the Drevniy prospect, with significant intersections summarized in Tables 1 and 2.
  • The gold mineralization is associated with arsenopyrite-bearing quartz stockwork and sheeted vein systems, and is hosted by granite porphyry sills and hornfelsed metaturbidites.
  • The mineralization is characterized by a metal association that includes Au, As, Bi, Te, W, Mo, and Sb, and a sulphide mineral assemblage dominated by arsenopyrite.
  • The drilling has also identified multiple zones of anomalous gold values in excess of 0.2 g/t Au.
  • The Pridneprov license area is located in the west continuation of the Tintina Gold Belt, which hosts significant gold deposits, including Donlin Creek (33.6 Moz), Livengood (21 Moz), Fort Knox (5.7 Moz), and others.
  • The Drevniy and Uvalniy prospects exhibit close similarities to the Fort Knox gold mineralization, including the presence of abundant aplite and pegmatite dykes, low sulphide content, and a geochemical signature comprising Au-Bi-As.
  • Quality control procedures were in place during the drilling, logging, sampling, and dispatch, and the drill core samples were analyzed by internationally accredited minerals laboratory, Alex Stewart Group in Moscow.
  • White Tiger Gold utilizes industry standard QA/QC protocols to ensure the accuracy and reliability of the analytical results.

Statistics:

  • The drilling program identified a 1500 x 200 meter gold anomaly at the Drevniy prospect, with the mineralized zone extending to a depth of 345.5 meters.
  • The highest gold values are associated with quartz-sulphide stockwork veining developed in an intensely altered granite porphyry sill.
  • The sill is inclined to the southeast at a 40-45 degree angle, and becomes thicker at depth.
  • Arsenopyrite is the main sulphide mineral present, and is associated with minor pyrite, galena, molybdenite, and bismuthinite.
  • The overall sulphide content is higher in the porphyry-hosted mineralization, ranging from 1-3%.
  • Multiple zones of anomalous gold values in excess of 0.2 g/t Au were identified in the northern part of the soil anomaly.

Sources:

  • White Tiger Gold Ltd. press release, dated November 28, 2011
  • White Tiger Gold Ltd. website, www.whitetigergold.com
  • Sedar.com, White Tiger Gold Ltd. profile, accessed November 28, 2011.