Tigray is a Canadian mineral exploration company focused on discovery through advancing early-stage mineral projects in Ethiopia. Tigray’s key property is the 70%-owned Harvest polymetallic VMS exploration project, which covers 155 square kilometres in the Tigray region of Ethiopia, 600 kilometres north‐northwest of the capital city of Addis Ababa.
VANCOUVER, BRITISH COLUMBIA–(Marketwired – April 7, 2014) – Tigray Resources Inc. (TSX VENTURE:TIG) (“Tigray” or the “Company”) is pleased to announce diamond drill results from Phase 2 drilling at the Mato Bula discovery at Adyabo (refer to Tigray’s news release dated July 16, 2013 for Phase 1 drill results). Six additional holes (WMD007 to 012) have been completed, totalling 1,117 metres. Drilling on 80 metre sections targeted extensions to mineralization defined during the Phase 1 diamond drilling campaign (WMD002 to 006). This drilling has extended Upper Lode mineralization to depth over 150 vertical metres below surface, and to 80 metres extensions at both the northern and southern extents of existing drill intersections. Eleven diamond drill holes have now tested the system over a 640 metres strike
- Section 19880N – WMD007 drilled 100 vertical metres down dip of mineralization intersected in WMD006 (12.28 metres grading 12.25 grams per tonne goldgold and 0.30% copper – refer to Tigray’s news release dated July 16, 2013 ) at Silica Hill, and intersected 28.20 metres at 8.50 grams per tonne goldgold and 0.24 percent copper including 17.55 metres at 13.18 grams per tonne goldgold and 0.27 percent copper, from 179.75 metres drill depth.
- Section 19960N – WMD009 drilled 80 metres grid north of WMD006 and 007, and intersected 14.87 metres at 4.49 grams per tonne goldgold and 0.04 percent copper including 7.90 metres at 7.95 grams per tonne goldgold and 0.05 percent copper, from 164.20 metres drill depth.
- Section 19400N – WMD012 drilled the depth extension to previous mineralization at Mato Bula South (WMD004), and intersected 12.98 metres at 4.40 grams per tonne goldgold and 0.87 percent copper from 105.62 metres drill depth.
- Section 19320N – WMD011 drilled 80 metres south of previous drilling at Mato Bula South (WMD004), and intersected 13.98 metres at 2.28 grams per tonne goldgold and 0.74 percent copper including 5.43 metres at 4.88 grams per tonne goldgold and 0.82 percent copper, from 126.25 metres drill depth.
At Silica Hill, Upper Lode mineralization and alteration is now defined to 150 metres vertical depth below surface, remains open at depth, and has been defined on two sections 80 metres apart. The tenor (gram-metres) of Upper Lode mineralization and intensity and volume of alteration increases to depth on both sections. Step out drilling, initially along strike to both the north and south at Silica Hill, is required to test the near surface potential of this discovery.
At Mato Bula South, Phase 2 drilling has extended the Upper Lode mineralization at depth and 80 metres south of previous drilling. The tenor (gram-metres) of Upper Lode mineralization increases at depth on section 19400N.
Both Silica Hill and Mato Bula South are part of the Mato Bula Trend, a mineralized corridor now defined over 8 kilometres in strike length. Gold-copper mineralization is interpreted to be part of a porphyry style Cu-Au system containing porphyry-style mineralization, high-grade Au-Cu quartz veins and possible replacement styles of mineralization.
Other significant targets previously identified along strike include:
- Mato Bula North approximately 1 kilometre northeast of Mato Bula where a one hole test into the interpreted carapace of a porphyry intrusion intersected 17.35 metres grading 1.65% copper and 0.40 grams per tonne gold from 53.80 metres drill depth (WMD001 – hole abandoned before full test of drill target) (refer to Tigray’s news release dated July 16, 2013); and
- Da Tambuk approximately 4 kilometres northeast of Mato Bula where a four hole test yielded best results of 12.00 metres at 17.34 grams per tonne gold and 0.32 percent copper from 52.75 metres drill depth (refer to Tigray’s news release dated March 11, 2014.
Andrew Lee Smith, President and CEO of Tigray stated, “Our continued success in identifying new discoveries and robust drill intersections is a testament to the potential for significant discovery that this region of Ethiopia possesses.”
Mato Bula Phase 2 Diamond Drill Intercepts
|Hole ID||From (m)||To (m)||Interval (m)1||Gold
|Copper %||Zone||Local Azimuth||Dip|
|WMD010||No Significant Intervals||272||-46|
|1 True thicknesses are interpreted as 65-90% of stated intervals.|
|2 Intervals use a 0.3 g/t cutoff value.|
|3 No top cut has been used on assay values.|
Click here to view a Map of the Mato Bula Drill Hole Locations
The planning, execution and monitoring of Tigray’s quality control programs at the Harvest project are under the supervision of Jeff Heidema, P.Geo., Tigray’s Vice President Exploration. Mr. Heidema is a Qualified Person as defined by National Instrument 43-101. Diamond drill core samples and trench samples have undergone preliminary preparation at the Acme Laboratories facility in Ankara, Turkey, and are crushed to 80% passing 10 mesh, and pulverized to 85% passing 200 mesh (PRP70-1KG package). Analyses are conducted at Acme Laboratories in Vancouver, Canada, utilizing Aqua Regia digestion and ICP-ES for base metal and silver analyses. GoldGold analyses are conducted via Fire Assay Fusion with AA finish, and gravimetric analyses are completed for over-limit samples. Blanks and certified reference standards are inserted into the sample stream to monitor laboratory performance. For core, duplicate samples are inserted into the sample stream to both monitor laboratory performance and also characterize potential mineralization.
Mr. Heidema has reviewed and approved the scientific and technical information contained in this news releasenews release.
Tigray is a Canadian mineral exploration company focused on discovery through advancing early-stage mineral projects in Ethiopia. Tigray’s key property is the 70%-owned Harvest polymetallic VMS exploration project, which covers 155 square kilometres in the Tigray region of Ethiopia, 600 kilometres north‐northwest of the capital city of Addis Ababa. The company has an option to earn an 80% interest in the Adyabo property covering 418 square kilometres immediately west of the Harvest project. Tigray’s shares tradetrade on the TSX Venture Exchange under the symbol TIG.
Tigray and East Africa Metals Inc. (“East Africa”) (TSX VENTURE:EAM) have jointly announced that they have entered into a definitive agreement pursuant to which East Africa has agreed to acquire all of the issued and outstanding common shares of Tigray (other than the Tigray shares East Africa currently owns). The transaction will be implemented by way of a statutory Plan of Arrangement under the Canada Business Corporations Act (refer to Tigray’s news releasenews release dated February 24, 2014).
More information on Tigray Resources Inc. can be viewed at the company’s website at www.tigray.ca.
On behalf of the Board of Directors:
Andrew Lee Smith, P.Geo.
President, CEO and Director