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Dec 2006 - Golden Tiger

Golden Tiger Mining NL (GTX) –Encouraging Intersections at Weilong

  • Golden Tiger Mining has retained its concentration on the Guangxi Province of Southern China, having moved to focus on drilling its new Weilong project in Western Guangxi, and take its other main potential projects around Huangganchong, Huangguan and Zhudong in its ~15,000sq km (~194km x 75km & ~51km x 56km) Dayaoshan JV area of Eastern Guangxi through geochem to soil sampling and drilling.
  • The latest drillhole intersection of 9m @ 5.2g/t at Weilong, is GTX’s most encouraging result in China since its inception. Lying within 48m @ 1.5g/t the WDDH 4 intersection is in line with some of GTX’s sampling in the old workings of 26m @ 2.7g/t, and supports the potential stacked lode system interpretation.
  • The next most prospective area after Weilong could be at Huangganchong, with its >50ppb gold anomaly over 1km long along a NE/SW structure. There are a number of values above 250ppb (usually classified as drill-ready) with peaks to 500ppb.
  • The third group of projects showing very early geochem promise are in the Huangguan vicinity (being Changtian and TongHe), and Fengyuan and Muyikou south of Zhudong. Higher values have been identified from stream geochem at these projects, and they are being followed up with grid soil analysis.
  • The prospectivity of Yueli may return assuming that shareholders approve the alliance with Sino Gold (SGX) that results in SGX holding 19.9% of GTX through subscribing for 15.3m shares at A$0.10/share and raising A$1.5m for Golden Tiger.
  • Written by: Keith Goode
  • Tuesday, 12 December 2006

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