Intelligence
Pricing

Materials

Tiger Gold Reports Strong Assay Results at Tesorito Deposit

Author:
FAQSIR News Desk
Last Updated:
Reading Time
2 min

#Significant Gold Intersections at Tesorito

Tiger Gold Corp. (TSXV: TIGR) has reported substantial assay results from its ongoing drilling operations at the Tesorito deposit within the Quinchía Gold Project in Colombia. The latest findings include remarkable gold intersections, with one drill hole recording 234.5 meters at a grade of 1.2 grams per ton (g/t) Au, and another yielding 180.3 meters at 1.0 g/t Au. These results significantly surpass the average inferred resource grade of 0.47 g/t Au for the deposit.

#Details of Recent Drill Holes

The assays come from drill holes TSDH-87 and TSDH-88, which are part of a broader exploration initiative. TSDH-88 logged an impressive 234.54 meters from a depth of just 2 meters, including notable intervals of 27.6 meters at 1.8 g/t Au and 26.57 meters at 2.3 g/t Au. Meanwhile, TSDH-87 recorded 180.3 meters from surface, with several intervals of interest, including 66.5 meters at a grade of 1.3 g/t Au.

#Implications for Exploration and Resource Update

The results from these drill holes not only underscore the presence of a coherent, higher-grade corridor of gold mineralization but also position Tiger Gold favorably for an upcoming mineral resource update. The company anticipates that these findings will be instrumental in converting a portion of current resources to the "Indicated" category, enhancing the overall attractiveness of the Quinchía Gold Project.

#Ongoing Drilling Efforts

Drilling continues at the site with two rigs operating at Ceibal and another at Tesorito. Additional assay results are pending, which may provide further insights into the extent and quality of mineralization across the project. The current drilling phase aligns with Tiger Gold’s strategy to expand resource estimates and improve economic viability.

#Key Takeaways

  • Tiger Gold Corp. reported strong assay results from the Tesorito deposit, including intersections of 234.5 m @ 1.2 g/t Au and 180.3 m @ 1.0 g/t Au.
  • The grades significantly exceed the average inferred resource grade of 0.47 g/t Au.
  • Drillhole results indicate a coherent higher-grade mineralization corridor that will aid in the upcoming resource update.
  • Drilling continues at multiple locations with further assay results awaited.
  • The findings may enhance the economic potential of the Quinchía Gold Project.

Original source: Read original article

Frequently Asked Questions

Tiger Gold recently reported impressive assay results from their Tesorito deposit, highlighting significant intersections including 234.5 m at 1.2 g/t Au and 180.3 m at 1.0 g/t Au. These results suggest a potential for substantial mineralization and are anticipated to enhance the overall resource estimates.
The recent drill results showcased grades more than double the average inferred mineral resource grade of 0.47 g/t Au, illustrating a strong potential for higher-grade mineralization that could positively impact future resource estimates.
The ongoing drilling campaign at the Quinchía Gold Project, particularly at Tesorito, indicates the presence of a coherent higher-grade corridor of gold mineralization, which, combined with the robust intersection results, bodes well for future exploration and potential resource upgrades.
TSDH-87 and TSDH-88 are considered among the best drill holes completed at Tesorito, returning significant gold grades and lengthy intercepts. This suggests that the current exploration strategy is yielding promising results, potentially leading to increased investor confidence.
The robust assay results from the drill holes are expected to directly feed into Tiger Gold's year-end mineral resource update for Tesorito, potentially converting a significant portion of resources to indicated status, which is a bullish indicator for the company's growth.
Management has expressed optimism about the drilling results, stating that the intersections reflect a promising higher-grade corridor, which highlights the potential for future developments and increased resource estimates.
Tiger Gold Corp. is focused on advancing the Quinchía Gold Project while continuing to enhance its exploration efforts. The recent drilling successes provide a strong foundation for increased exploration and the potential development of a significant gold resource.
The current drilling results at Tesorito demonstrate superior grades compared to historical data, especially for the discussed drill intervals. This trend suggests that the project may hold significant untapped potential, encouraging further investment and exploration.