TGS 0.00% 4.9¢ tiger resources limited

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  1. 17,138 Posts.
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    Cap ~100, Cash ~11, Options [email protected] (200803), Top20: 72% (nominee heavy).
    Also trades on Frankfurt.
    Plans to list in Toronto.

    CAVEAT EMPTOR: The DRC government should make it's decision on exploration and mining licence renegotiations fairly soon.

    Tiger has been doing alot of drilling on the first of it's projects (has 4 rigs onsite) and should be a few weeks away from releasing a JORC resource on the first project: Kipoi.

    Overview:
    Current focus is on earning 51% of Kipoi in the DRC Katanga copperbelt for B.F.S. and staged +$22 (partners: Congo Minerals/Gecamines) and can increase interest to 70% I believe.
    They are targeting -> 0.75mt to 1mt (avg grade 3-4% Cu) <- contained Copper for the Kipoi project alone (IGV approx $6b),
    consisting of the following project areas: Kipoi Central, Kipoi North, Kaminafitwe, Judeira, Kileba.

    Some prior intercept examples as follows:

    Kipoi Central (Jorc expected in 200712:
    122m at 7.3% Cu
    102.5m at 7.3% Cu
    133.5m at 6.1% Cu
    96m at 6.1% Cu.

    Kipoi North (Drill 200712):
    31.5m @ 2.7% Cu, 26g/t Ag
    37.4m @ 1.7% Cu, 16g/t Ag
    51.5m @ 1.7% Cu
    26m @ 2.3% Cu, 38g/t Ag
    15.1m @ 2.5% Cu

    Kaminafitwe (Await assay?)
    visible malachite

    Judeira (Drill 2008):
    40m @ 4.67% Cu
    17m @ 2.39% Cu

    Kileba: (Drill 2008):
    38m @ 5.43% Cu

    >>>>>>> <<<<<<<

    Other areas:

    Aurum JV: $5 spend (Partner Somika - owns Cu processing plant in Lubumbashi.):

    Earn 70% Lupoto PR2214:
    - Sase anomaly:
    67m @ 2.83% Cu, 0.19% Co (ended in mineralisation)
    51m @ 1.50% Cu and 34m @ 1.15% Cu
    55m @ 0.78% Cu and 0.14% Co

    - Kapampala anomaly (drill 2008):
    8m @ 1.07% Cu
    16m @ 0.57% Cu
    18m @ 0.55% Cu

    - Mwana Anomaly (drill 2008):
    14m @ 0.74% Cu, 0.11% Co
    28m @ 0.45% Cu
    23m @ 0.41% Cu

    >>

    Earn 65% Kolwezi:
    - Pumpi:
    visible malachite

    - Tondo (drill 2008).

    >>

    Earn 65% Sakania.
    Aeromag interpretation, soil geochemistry, copper-gold-uranium anomaly.

    >>

    Obviously Tiger is -> VERY HIGH RISK <-, and if projects are taken off them the share price will likely decline.

    Please do you own research. My posts often contain errors.
 
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