Tiger International Resources has contracted Quest Exploration Drilling (Philippines) (QED) to provide drilling services at its Itogon Gold/Silver Project.
The agreement provides for completion by QED of up to 3850 metres of diamond and reverse circulation (RC) drilling. This will be completed in three phases - a first phase of 1050 metres of RC drilling; a second phase of 1800 metres of RC drilling or 1000 metres of diamond drilling; and a third phase of either the RC or diamond drilling specified for the second phase, depending on which was completed during the second phase.
The first phase, which commenced on April 7, will take two weeks and assay results from this phase from an ISO certified laboratory are expected by early May.
The company has the option to terminate the QED contract after the first phase or the second phase. The second and third phase work is dependent on satisfactory results from prior phases, but may be completed simultaneously if requested by the company and if deemed practical by QED.
The drilling program has been designed for the project based on available historical information and site inspections, and is aimed at intersecting all the currently interpreted sub-parallel quartz vein structures across the width of the main prospect area, which is characterized by a prominent ridge trending approximately northwest. The ridge is bound by steeply incised tributaries of the Danglay River.
The drilling program is intended to generate information as to the overall grade of the central part of the deposit, as well as to assess whether it can be mined in bulk, either by open pit or underground techniques, or as discrete higher grade zones mineable underground.
The program is also aimed at establishing an open pit type resource along and below the ridge as well as seeking to identify high grade underground type ore enclosed within the lower grade ore. The situation of the anticipated ore body within the ridge may determine either an open pit or underground mine design, and the generation of a resource model using the results obtained from the drilling program will allow consultants to perform engineering studies to determine the style and size of the mining operation.
Tiger International’s president Patric Barry says, “The first phase of our 2014 drilling program for the Itogon project is about to commence following an intensive period of preparatory work which has included successful negotiations with surface claimants, community relations activities and road and access improvements.
“Assay results from this first phase of drilling will be a very important indicator as to the potential of the project, particularly as all historical drilling is reported to have been completed vertically, and therefore does not provide a proper test of the steeply dipping veins identified.”
Tiger International is a Canadian resource exploration and development company. Itogon is in an established gold mining district known as the Baguio Gold Belt on the island of Luzon and benefits from an extensive historical dataset. The project is owned by Tiger, subject to an agreement with ECR Minerals of London. ECR is manager of the project and has the right to earn up to a 50% interest in return for performing the drilling program and payment of consideration, as previously announced.