Here is a release about the 63 macros found in sampling - not drilling by TGR. Once they get results back from some of their scout drills, I think that your gonna see a much nicer play here than WSP - once ya check out all the details.
Tiger International Resources Inc
Springfield Diamond Exploration Underway
Tiger International Resources Inc TGR
Shares issued 4,159,823 Jul 8 close $1.20
Thu 9 Jul 98
Fifty-six new diamonds found and a possible kimberlitic source rock to
evaluate
Dr. Kevin Wills reports:
"The Springfield project area is located in the Central Flinders Ranges of
South Australia. A new phase of diamond exploration commenced in May and
the first batch of results are now available.
A water supply was established and a heavy media separation plant owned and
operated by HMS Plant Hire was set up on the bank of Wirreanda Creek, near
the Springfield Basin. Heavy mineral concentrates were observed by
Independent Diamond Laboratories of Perth, Western Australia. Ten 100 tonne
preliminary bulk samples were collected and treated to define the best
location for a larger bulk sample designed to assess the diamond
prospectivity of the project area.
A total of 56 diamonds were recovered from the preliminary bulk samples
which totaled 1.63 carats. A further seven small diamonds were recovered
from indicator mineral samples. The largest stone was a clear white
macle-dodecahedron with a diameter of 3.5 mm and a weight of 0.34 carats.
This is the largest known diamond to be recovered from the Central Flinders
Ranges to date. Together with the indicator mineral results a suggested
location for a larger bulk sample has now been defined.
During June an undercover drilling program commenced to search for the
kimberlitic source of the Springfield diamonds. A total of 66 holes for 421
meters at an average length of 6.4 meters were drilled. Samples have been
dispatched to Perth for indicator and diamond mineral observation.
Hole SF 14, located about 1.6 km southeast of the diamond bearing
conglomerates at Springfield, intersected a 53 meter long zone of possible
sandy tuff underlain by brown clay. Rock and indicator mineral analysis is
being carried out to determine if this hole has discovered a possible
source for the Springfield diamonds.
Indicator minerals located with the diamonds show minor signs of wear,
suggesting they have traveled less than four kilometers from their source.
These indicators will be chemically analyzed to help assess the diamond
prospectivity of the project. The forward program involves analysis of the
ancient current flow directions by geological mapping of the basal
Springfield Basin conglomerates to aid in location of the source."
Dr. Kevin Wills, ARSM, Ph.D., FAIMM.
Chief Consulting Geologist,
Tiger International Resources Inc.
Tiger International Resources is a diamond exploration and development
company with 4,159,000 shares listed on the Vancouver Stock Exchange as
TGR.V, and has a land area greater than 5,000 sq. km. in South Australia
which is prospective for diamonds. Tiger presently has in excess of
$600,000 available for diamond exploration and development of the
Springfield property.
The detail of the diamond discoveries will be posted on the Tiger website
at tigerresources.com with other information. The detail of the
kimberlite discovery will be followed up by further drilling and
exploration, including extensive testing and sampling.
This press release conforms to the requirements of the Australian
Securities Commission and the senior stock exchanges of Canada by stating
the results of the exploration program by a 'qualified person'. Dr. Kevin
Wills, ARSM, Ph.D., FAIMM, is Tiger's senior exploration geologist and is
conducting the geological program in the Springfield Basin in South
Australia for Tiger International Resources.
Tiger International Resources Inc.
Patric Barry
President
The Vancouver Stock exchange has neither approved, nor disapproved, of the
contents of this press release, and takes no responsibility for its
contents.
Tiger International Resources Inc.
26981 Highwood Circle, Laguna Hills Ca 92653
Phone (949) 3621600 * Fax (949) 3625055
e-mail: mailto:info@tigerresources.com
Website: tigerresources.com |
