Welcome!

News Feed Item

Tigray Intersects 28.2 Metres at 8.50 Grams per Tonne Gold at Mato Bula, Adyabo Project, Northern Ethiopia

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/07/14 -- 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.

Highlights include;

--  Section 19880N - WMD007 drilled 100 vertical metres down dip of
    mineralization intersected in WMD006 (12.28 metres grading 12.25 grams
    per tonne gold 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 gold and 0.24 percent copper including 17.55 metres at
    13.18 grams per tonne gold 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 gold and 0.04
    percent copper including 7.90 metres at 7.95 grams per tonne gold 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 gold 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 gold and 0.74 percent copper including 5.43 metres at 4.88 grams
    per tonne gold 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

-------=====================================================================
                                             Gold
                                            grams/
                                  Interval   tonne Copper          Local
Hole ID          From (m)  To (m)   (m)(1)   (2,3)      %   Zone Azimuth Dip
----------------------------------------------------------------------------
WMD007                                                    Upper/
                   179.75  207.95    28.20    8.50   0.24   Main     274 -46
                 ----------------------------------------
        including  189.25  206.80    17.55   13.18   0.27
                 ----------------------------------------
              and
        including  195.80  206.80    11.00   19.55   0.35
----------------------------------------------------------------------------
WMD008                                                    Upper/
                    77.20  105.00    27.80    1.81   0.07   Main     279 -50
                 ----------------------------------------
        including   94.60   98.60     4.00    5.75   0.04
----------------------------------------------------------------------------
WMD009                                                    Upper/
                   164.20  179.07    14.87    4.49   0.04   Main     273 -48
                 ----------------------------------------
        including  166.40  174.30     7.90    7.95   0.05
----------------------------------------------------------------------------
WMD010              No Significant Intervals                         272 -46
----------------------------------------------------------------------------
WMD011              97.40  101.45     4.05    1.24   0.51   Main     274 -45
                 -----------------------------------------------
                   126.25  140.23    13.98    2.28   0.74  Upper
                 ----------------------------------------
        including  131.45  136.88     5.43    4.88   0.82
----------------------------------------------------------------------------
WMD012             105.62  118.60    12.98    4.40   0.87  Upper     272 -45
                 ----------------------------------------
        including  105.62  108.72     3.10   17.08   3.05
                 -----------------------------------------------
                   141.40  142.40     1.00   14.60   0.08
============================================================================
(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

Quality Control

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. Gold 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.

Qualified Person

Mr. Heidema has reviewed and approved the scientific and technical information contained in this news release.

About Tigray

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 trade 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 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

Cautionary Statement Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "anticipate", "believe", "plan", "expect", "intend", "estimate", "forecast", "project", "budget", "schedule", "may", "will", "could", "might", "should" or variations of such words or similar words or expressions. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company's projections and estimates, including the initial mineral resource for the Harvest Project; interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; the speculative nature of strategic metal exploration and development including the risks of diminishing quantities of grades of reserves; contests over title to properties; and changes in project parameters as plans continue to be refined, as well as those risk factors set out in the Company's listing application dated August 18, 2011.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of gold, silver, copper and zinc; the demand for gold, silver, copper and zinc; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective manner; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contacts:
Nick Watters, Business Development
604-488-9582
[email protected]
www.tigray.ca

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
The technologies behind big data and cloud computing are converging quickly, offering businesses new capabilities for fast, easy, wide-ranging access to data. However, to capitalize on the cost-efficiencies and time-to-value opportunities of analytics in the cloud, big data and cloud technologies must be integrated and managed properly. Pythian's Director of Big Data and Data Science, Danil Zburivsky will explore: The main technology components and best practices being deployed to take advantage...
DXWorldEXPO LLC announced today that All in Mobile, a mobile app development company from Poland, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. All In Mobile is a mobile app development company from Poland. Since 2014, they maintain passion for developing mobile applications for enterprises and startups worldwide.
Nicolas Fierro is CEO of MIMIR Blockchain Solutions. He is a programmer, technologist, and operations dev who has worked with Ethereum and blockchain since 2014. His knowledge in blockchain dates to when he performed dev ops services to the Ethereum Foundation as one the privileged few developers to work with the original core team in Switzerland.
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and value...
Andi Mann, Chief Technology Advocate at Splunk, is an accomplished digital business executive with extensive global expertise as a strategist, technologist, innovator, marketer, and communicator. For over 30 years across five continents, he has built success with Fortune 500 corporations, vendors, governments, and as a leading research analyst and consultant.
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER gives detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPOalso offers sp...
Today, we have more data to manage than ever. We also have better algorithms that help us access our data faster. Cloud is the driving force behind many of the data warehouse advancements we have enjoyed in recent years. But what are the best practices for storing data in the cloud for machine learning and data science applications?
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science" is responsible for guiding the technology strategy within Hitachi Vantara for IoT and Analytics. Bill brings a balanced business-technology approach that focuses on business outcomes to drive data, analytics and technology decisions that underpin an organization's digital transformation strategy.
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term.
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...
Sanjeev Sharma Joins November 11-13, 2018 @DevOpsSummit at @CloudEXPO New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.