ROAD TOWN, TORTOLA, BRITISH VIRGIN ISLANDS -- (Marketwire) -- 02/27/12 -- White Tiger Gold ("White Tiger" or the "Company") (TSX: WTG) announces the assay results from the 30,000 meter diamond drilling program completed on the Nasedkino license area in 2012. The program was designed to increase the conversion of historical Russian approved C1+C2 gold resources into National Instrument 43-101 ("NI43-101") compliant mineral resources and to expand the current limits of the known mineralization at the Pridoliny, Zhelanny and Gora 5 deposits.
"The 2011 drill program comprised of infill and exploration drilling was designed to meet key objectives of upgrading the existing mineral resource, increasing mineral resources along strike and to depth, and demonstrating continuity of mineralization. We believe these results meet the objectives of the program and allow White Tiger to both provide an updated National Instrument 43-101 mineral resource report for Nasedkino by June 2012 and advance to a final feasibility study for the planned commercial production of the Nasedkino project," said Daniel Major, Chief Executive Officer of White Tiger Gold.
Highlights;
-- Four diamond drill rigs were dedicated to in-fill drilling on the Gora
5, Zhelanny and Pridoliny deposits. Core recovery has been excellent for
the entire drill program averaging over 95% in the mineralized
intervals;
-- In-fill drilling on Pridoliny, Gora 5 and Zhelanny designed to increase
the conversion of historical Russian approved C1 + C2 gold resources
deposits has shown that excellent continuity exists between the wide
spaced historical drilling results and the new assay results reported in
this news release and the previous press release of 28, September 2011;
-- Pridoliny drill results from this program have returned higher gold
grades than those previously reported in the 43-101 inferred mineral
resource for the same deposit. Notable intersections include 5 meters
averaging 11.89 g/t Au in hole 846 and 13.5 meters averaging 7.30 g/t Au
in hole 797;
-- Gold grades from recent drill results from Zhelanny also reported better
than the average grade reported for inferred mineral resources for that
deposit, and include intersections of 11.5 meters averaging 72.91 g/t Au
in hole 607 and 3 meters averaging 43.43 g/t Au in hole 748; and
-- Gora 5 reported a similar various between recent drilling results and
previous resources with higher gold grades. Notable intersections
include 3 meters averaging 6.92 g/t Au in hole 701 and 34.2 meters
averaging 5.69 g/t Au in hole 668.
LLC Urangeo-Amur managed the drilling program, under the direct supervision of the TOMS Group ("TOMS"), an independent exploration and engineering company with offices in Irkutsk and St Petersburg. TOMS has extensive exploration management experience for a wide range of projects located throughout Russia and is approved by the State Government.
Pridoliny Deposit
The Pridoliny gold-silver-copper mineralization extends along a northwest trend and is inclined to the northeast at 39-55 degrees. Within the Pridoliny deposit there are about 30 small ore bodies identified. Zones of gold mineralization are present in the Pridoliny deposit achieving a maximum ore intersection on core of 50 meters in drill hole 882 and 44.8 meters in drill hole 772. In-fill drilling is being carried out on a 25 x 50 meter grid in general. The current mineralized intersections reported in Table 1, exhibit good continuity with the historical intersections both along strike and down dip. Visible gold has been recognized in drill hole 821. The mineralization is open below a vertical depth of 140 m and is potentially open to the south. In total, 377 holes have been drilled on the Pridoliny deposit for 60,220.8 meters of which 107 holes were completed in 2011 for 10,429.7 meters. The final 2011 drilling results including significant gold intersections are reported in Table 1. All results on the Pridoliny deposit have been received.
Table 1: Assay Results Pridoliny Drilling Program (at 0.7 g/t Au cut-off)
--------------------------------------------------------------------------- Section DDH Depth From To Length Au Ag Cu Line (m) (m) (m) (m) (ppm) (ppm) (ppm) --------------------------------------------------------------------------- 050 756 30 No Significant Intersections --------------------------------------------------------------------------- 050 758 80 6 12,7 6,7 0,89 1,19 240,73 --------------------------------------------------------------------------- 050 758 80 18 25 7 0,95 2,97 835,43 --------------------------------------------------------------------------- 050 762 50 No Significant Intersections --------------------------------------------------------------------------- 060 850 55 No Significant Intersections --------------------------------------------------------------------------- 060 852 30 No Significant Intersections --------------------------------------------------------------------------- 060 855 40 No Significant Intersections --------------------------------------------------------------------------- 070 764 30 15 20 5 1,85 6,90 105,20 --------------------------------------------------------------------------- 070 767 90 37 40 3 0,72 5,07 291,33 --------------------------------------------------------------------------- 080 786 70 20 26,7 6,7 0,80 5,33 848,31 --------------------------------------------------------------------------- 080 786 70 59 62 3 0,87 4,10 1077,67 --------------------------------------------------------------------------- 080 787 91 26,5 40 13,5 8,91 1,89 327,55 --------------------------------------------------------------------------- 080 787 91 74 78,5 4,5 5,07 3,22 381,22 --------------------------------------------------------------------------- 080 790 115 55,6 59 3,4 1,01 0,75 370,41 --------------------------------------------------------------------------- 080 790 115 85,1 88,1 3 0,90 11,57 1236,00 --------------------------------------------------------------------------- 080 793 130 31 34,2 3,2 1,67 18,23 555,81 --------------------------------------------------------------------------- 080 796 141,5 77 81 4 0,81 2,86 159,30 --------------------------------------------------------------------------- 090 769 93,1 26 31 5 0,80 3,48 720,08 --------------------------------------------------------------------------- 090 769 93,1 67 72 5 0,77 9,78 1314,20 --------------------------------------------------------------------------- 090 773 130 14,3 24 9,7 1,80 13,05 352,25 --------------------------------------------------------------------------- 090 773 130 33,1 42,1 9 1,22 10,50 680,50 --------------------------------------------------------------------------- 090 781 40 21,4 26,8 5,4 1,36 6,58 407,30 --------------------------------------------------------------------------- 090 782 85,5 46,2 53 6,8 1,31 29,88 2490,88 --------------------------------------------------------------------------- 090 782 85,5 64 67,3 3,3 0,96 7,26 1524,24 --------------------------------------------------------------------------- 090 782 85,5 75 78 3 2,33 4,47 315,07 --------------------------------------------------------------------------- 090 806 160 68,5 77 8,5 1,24 6,06 930,46 --------------------------------------------------------------------------- 100 777 127,5 12 22 10 0,79 10,84 404,57 --------------------------------------------------------------------------- 100 777 127,5 73,5 78 4,5 0,72 1,80 318,11 --------------------------------------------------------------------------- 100 777 127,5 106 110 4 1,88 3,25 1806,75 --------------------------------------------------------------------------- 100 777 127,5 115 119 4 0,72 1,42 1556,10 --------------------------------------------------------------------------- 100 779 150 17 21,5 4,5 0,92 1,29 756,40 --------------------------------------------------------------------------- 100 783 91,6 18 22,5 4,5 0,73 2,10 839,78 --------------------------------------------------------------------------- 100 783 91,6 27,5 31 3,5 0,75 0,82 429,94 --------------------------------------------------------------------------- 100 785 110,7 No Significant Intersections --------------------------------------------------------------------------- 100 788 30 No Significant Intersections --------------------------------------------------------------------------- 100 789 50 No Significant Intersections --------------------------------------------------------------------------- 100 791 71 42 51,5 9,5 1,42 20,53 2270,00 --------------------------------------------------------------------------- 100 792 130 1,5 32 30,5 0,90 2,41 728,15 --------------------------------------------------------------------------- 100 792 130 46 57 11 0,82 15,06 902,09 --------------------------------------------------------------------------- 110 798 132,2 No Significant Intersections --------------------------------------------------------------------------- 110 800 87 44,5 48,6 4,1 0,96 1,29 1447,32 --------------------------------------------------------------------------- 110 801 60 No Significant Intersections --------------------------------------------------------------------------- 110 803 147,5 118,2 133 14,8 1,49 11,94 2446,35 --------------------------------------------------------------------------- 120 794 30 No Significant Intersections --------------------------------------------------------------------------- 120 795 91,3 1 9 8 1,79 18,51 299,13 --------------------------------------------------------------------------- 120 795 91,3 14,2 19,5 5,3 2,43 29,01 5217,70 --------------------------------------------------------------------------- 120 795 91,3 35 40 5 0,77 5,68 1447,74 --------------------------------------------------------------------------- 120 797 110 33,8 41,3 7,5 7,30 58,66 9139,69 --------------------------------------------------------------------------- 120 799 130 28,7 35 6,3 1,25 15,99 2074,79 --------------------------------------------------------------------------- 120 799 130 63,5 73 9,5 1,76 8,16 1613,00 --------------------------------------------------------------------------- 120 802 160 85,7 94 8,3 0,82 9,31 1177,98 --------------------------------------------------------------------------- 120 802 160 103 117 14 1,72 8,29 1742,29 --------------------------------------------------------------------------- 120 804 130 No Significant Intersections --------------------------------------------------------------------------- 130 805 91 No Significant Intersections --------------------------------------------------------------------------- 130 810 192,3 123 141,5 18,5 1,52 29,05 5562,65 --------------------------------------------------------------------------- 130 810 192,3 152 163,7 11,7 1,87 11,54 3929,06 --------------------------------------------------------------------------- 130 817 166 86,4 92 5,6 2,49 7,27 966,98 --------------------------------------------------------------------------- 130 817 166 97,4 106 8,6 1,09 5,91 1936,15 --------------------------------------------------------------------------- 140 814 30 No Significant Intersections --------------------------------------------------------------------------- 140 815 64 12,5 17,5 5 0,85 0,72 1125,60 --------------------------------------------------------------------------- 140 815 64 23,1 28,1 5 1,38 1,16 253,00 --------------------------------------------------------------------------- 140 816 170 28 32 4 1,20 0,95 50,25 --------------------------------------------------------------------------- 140 816 170 39 42 3 0,82 0,50 63,00 --------------------------------------------------------------------------- 140 816 170 61 67 6 5,05 0,88 139,17 --------------------------------------------------------------------------- 140 816 170 139 145,2 6,2 1,86 26,36 5011,13 --------------------------------------------------------------------------- 140 816 170 149 154,5 5,5 1,84 14,47 3177,27 --------------------------------------------------------------------------- 140 818 112 69 83,4 14,4 0,81 10,07 1274,73 --------------------------------------------------------------------------- 140 818 112 90 93 3 1,72 2,40 1090,33 --------------------------------------------------------------------------- 140 820 70 32,9 39 6,1 2,63 28,43 5565,74 --------------------------------------------------------------------------- 140 821 140 107,5 117 9,5 1,95 12,46 2340,89 --------------------------------------------------------------------------- 140 821 140 121 126 5 4,03 12,05 3126,04 --------------------------------------------------------------------------- 150 823 170 151,2 155 3,8 1,44 42,12 9680,53 --------------------------------------------------------------------------- 150 833 110 89 94 5 0,83 0,64 81,80 --------------------------------------------------------------------------- 150 833 110 97,8 103 5,2 1,47 1,94 554,94 --------------------------------------------------------------------------- 150 840 50 13,5 19,2 5,7 2,19 14,85 5232,81 --------------------------------------------------------------------------- 150 840 50 22,4 26 3,6 3,24 12,02 6076,94 --------------------------------------------------------------------------- 150 840 50 31 37 6 1,01 3,08 333,83 --------------------------------------------------------------------------- 150 840 50 43,9 49,2 5,3 1,37 4,37 1233,02 --------------------------------------------------------------------------- 160 826 183 62 66,3 4,3 2,75 0,80 189,37 --------------------------------------------------------------------------- 160 834 130 104 120,4 16,4 1,33 12,40 3598,38 --------------------------------------------------------------------------- 160 839 80 3 8,8 5,8 2,23 55,40 6681,90 --------------------------------------------------------------------------- 160 839 80 46 51,8 5,8 2,07 16,74 3402,34 --------------------------------------------------------------------------- 160 839 80 56,1 74,5 18,4 4,79 5,38 1905,58 --------------------------------------------------------------------------- 170 825 43 No Significant Intersections --------------------------------------------------------------------------- 170 836 145 64 68,4 4,4 1,56 1,58 2269,75 --------------------------------------------------------------------------- 170 836 145 120 131,5 11,5 1,28 6,12 1459,74 --------------------------------------------------------------------------- 170 836 145 137 143 6 0,95 12,48 4881,83 --------------------------------------------------------------------------- 170 837 80 60 68,7 8,7 1,56 6,89 3773,44 --------------------------------------------------------------------------- 180 830 190 115 120 5 0,95 1,90 1080,20 --------------------------------------------------------------------------- 180 830 190 135,5 147 11,5 1,84 14,88 4150,17 --------------------------------------------------------------------------- 180 830 190 150,7 156 5,3 2,06 4,60 2452,26 --------------------------------------------------------------------------- 180 830 190 163 168,7 5,7 3,23 2,88 665,33 --------------------------------------------------------------------------- 190 838 79 2 5 3 1,12 8,60 423,33 --------------------------------------------------------------------------- 190 838 79 50,8 55,6 4,8 1,16 1,99 329,04 --------------------------------------------------------------------------- 190 845 238 126 144,14 18,14 0,90 25,69 5646,76 --------------------------------------------------------------------------- 190 845 238 226 234 8 1,73 1,13 1115,00 --------------------------------------------------------------------------- 190 848 310 181 206 25 1,20 7,34 3851,56 --------------------------------------------------------------------------- 190 848 310 262 268 6 3,19 1,85 1546,33 --------------------------------------------------------------------------- 190 848 310 283,7 287 3,3 1,09 9,02 3120,24 --------------------------------------------------------------------------- 190 882 170 34,9 41,7 6,8 0,78 0,52 3536,91 --------------------------------------------------------------------------- 190 882 170 69,5 76,1 6,6 0,97 3,55 907,12 --------------------------------------------------------------------------- 190 882 170 91 112,3 21,3 2,88 10,28 4480,51 --------------------------------------------------------------------------- 190 882 170 117,8 127,7 9,9 1,75 3,99 3454,34 --------------------------------------------------------------------------- 190 882 170 134 139,4 5,4 1,18 2,83 2252,04 --------------------------------------------------------------------------- 200 842 243,5 180 186 6 1,06 2,85 2247,67 --------------------------------------------------------------------------- 200 842 243,5 191 210 19 3,27 13,38 7474,17 --------------------------------------------------------------------------- 200 842 243,5 214 221 7 0,99 3,96 4010,86 --------------------------------------------------------------------------- 200 842 243,5 228,8 233 4,2 1,54 2,44 1584,76 --------------------------------------------------------------------------- 200 853 283 No Significant Intersections --------------------------------------------------------------------------- 200 860 169 85 91 6 0,79 2,82 2936,67 --------------------------------------------------------------------------- 200 860 169 100 116 16 0,84 3,74 2990,41 --------------------------------------------------------------------------- 200 860 169 130 133 3 0,77 4,63 5593,33 --------------------------------------------------------------------------- 200 860 169 141 149 8 0,92 2,46 3229,88 --------------------------------------------------------------------------- 200 885 75 6 21 15 2,95 0,45 363,25 --------------------------------------------------------------------------- 200 885 75 37 57,4 20,4 1,75 5,12 3144,34 --------------------------------------------------------------------------- 210 784 270,5 213,7 219 5,3 1,03 0,47 547,70 --------------------------------------------------------------------------- 210 784 270,5 249 265 16 0,89 3,89 3368,75 --------------------------------------------------------------------------- 210 844 176 120,1 123,1 3 1,29 6,27 5613,67 --------------------------------------------------------------------------- 210 844 176 134 137,6 3,6 0,92 1,68 1550,83 --------------------------------------------------------------------------- 210 844 176 144,6 147,7 3,1 1,45 1,01 1192,90 --------------------------------------------------------------------------- 210 844 176 156 174,5 18,5 1,01 1,68 1940,08 --------------------------------------------------------------------------- 220 765 67 11 17 6 1,12 2,49 1608,83 --------------------------------------------------------------------------- 220 768 110 12,4 16 3,6 0,82 3,47 1736,11 --------------------------------------------------------------------------- 220 768 110 89 103 14 0,87 4,09 3257,36 --------------------------------------------------------------------------- 220 772 150 48 67,8 19,8 1,11 2,82 2728,42 --------------------------------------------------------------------------- 220 772 150 102 106 4 0,71 2,58 1985,00 --------------------------------------------------------------------------- 220 772 150 111 132 21 1,00 3,22 3081,89 --------------------------------------------------------------------------- 220 780 240 230 236 6 0,82 2,57 1953,33 --------------------------------------------------------------------------- 230 760 60 No Significant Intersections --------------------------------------------------------------------------- 230 763 130 13,1 28 14,9 0,85 6,54 5172,21 --------------------------------------------------------------------------- 230 763 130 75 78 3 0,71 3,53 2560,00 --------------------------------------------------------------------------- 230 775 250 No Significant Intersections --------------------------------------------------------------------------- 230 861 40 No Significant Intersections --------------------------------------------------------------------------- 230 876 40,1 11,6 17,5 5,9 0,70 1,45 1607,36 --------------------------------------------------------------------------- 230 936 50 10 21,6 11,6 1,41 1,15 1508,44 --------------------------------------------------------------------------- 230 936 50 36,3 41,3 5 0,86 1,38 1610,00 --------------------------------------------------------------------------- 230 939 53 18 30 12 1,00 1,88 1822,50 --------------------------------------------------------------------------- 240 813 166 131 134 3 0,86 1,80 1618,73 --------------------------------------------------------------------------- 240 835 179 No Significant Intersections --------------------------------------------------------------------------- 240 843 119 No Significant Intersections --------------------------------------------------------------------------- 240 846 90 20 25 5 11,89 1,24 669,00 --------------------------------------------------------------------------- 240 846 90 31,4 44,5 13,1 0,82 1,42 926,63 --------------------------------------------------------------------------- 240 847 60 20 25,7 5,7 0,97 5,88 5619,12 --------------------------------------------------------------------------- 240 847 60 37 44 7 2,22 2,49 1889,60 --------------------------------------------------------------------------- 240 883 30 No Significant Intersections --------------------------------------------------------------------------- 240 884 40 No Significant Intersections --------------------------------------------------------------------------- 240 886 40 No Significant Intersections --------------------------------------------------------------------------- 240 889 40 No Significant Intersections --------------------------------------------------------------------------- 240 894 40 9,7 16 6,3 0,89 0,43 911,79 --------------------------------------------------------------------------- 240 898 40 30 35 5 0,76 2,98 2903,00 --------------------------------------------------------------------------- 240 934 40 6 11 5 1,00 1,61 2089,56 --------------------------------------------------------------------------- 240 935 40 10,5 17 6,5 1,17 0,25 890,92 --------------------------------------------------------------------------- 240 935 40 29 34 5 1,99 1,54 1407,64 --------------------------------------------------------------------------- 240 938 42 25 33,3 8,3 3,38 2,09 2027,01 --------------------------------------------------------------------------- 250 755 90 11,2 23 11,8 0,94 1,31 1187,44 --------------------------------------------------------------------------- 250 755 90 59 66 7 0,97 0,38 288,81 --------------------------------------------------------------------------- 250 755 90 72 76 4 0,88 1,38 1154,25 --------------------------------------------------------------------------- 260 879 36,4 16,4 33,8 17,4 1,12 0,66 1110,86 --------------------------------------------------------------------------- 260 880 85 5 8 3 0,86 0,30 169,00 --------------------------------------------------------------------------- 260 880 85 13 16 3 0,90 1,77 2700,00 --------------------------------------------------------------------------- 260 880 85 19,5 28 8,5 0,94 0,61 1103,28 --------------------------------------------------------------------------- 260 880 85 51 63 12 1,90 0,43 1549,42 --------------------------------------------------------------------------- 260 880 85 67 81 14 1,24 0,22 681,56 --------------------------------------------------------------------------- 260 881 80 28 33 5 1,69 0,49 1213,14 --------------------------------------------------------------------------- 260 888 40 4 7 3 0,97 0,37 1161,00 --------------------------------------------------------------------------- 260 888 40 12 20,1 8,1 3,16 1,84 3142,59 --------------------------------------------------------------------------- 260 890 40 16,4 22,2 5,8 2,22 0,16 543,03 --------------------------------------------------------------------------- 260 892 40 28 40 12 0,78 0,79 1288,04 --------------------------------------------------------------------------- 270 877 51 No Significant Intersections --------------------------------------------------------------------------- 270 893 40 No Significant Intersections --------------------------------------------------------------------------- 270 896 40 8,5 15,5 7 1,04 0,73 1414,14 --------------------------------------------------------------------------- 270 897 40 No Significant Intersections --------------------------------------------------------------------------- 280 874 20 9,9 16,3 6,4 1,19 8,24 758,22 --------------------------------------------------------------------------- 280 875 40 No Significant Intersections --------------------------------------------------------------------------- 280 878 60 21,4 28 6,6 0,93 0,83 662,27 --------------------------------------------------------------------------- 280 899 40 No Significant Intersections --------------------------------------------------------------------------- 280 929 40 No Significant Intersections --------------------------------------------------------------------------- 280 932 40 No Significant Intersections --------------------------------------------------------------------------- 280 933 40 No Significant Intersections ---------------------------------------------------------------------------
Zhelanny Deposit
The Zhelanny gold-silver-copper mineralization forms a northwest trending zone that is 450 meters in length and is inclined to the northeast at 35-65 degrees. Drilling has encountered at least 3 subparallel zones of gold mineralization achieving a maximum ore intersection on core of 57.4 meters in drill hole 771, 42.9 meters in drill hole 612 and 35.9 meters in drill hole 856. In-fill drilling is being carried out on a 25 x 50 meter grid in general. The current mineralized intersections reported in Table 1, exhibit good continuity with the historical intersections both along strike and down dip. Visible gold has been recognized in drill holes 607, 612, 748, 766, 771 and 776. The mineralization is open below a vertical depth of 140 m. In total, 82 holes have been drilled on the Zhelanny deposit for 7,723.9 meters of which 49 holes were completed in 2011 for 4597.9 meters. The final 2011 drilling results including significant gold intersections are reported in Table 2. As of today all results on the Zhelanny deposit have been received.
Table 2: Assay Results Zhelanny Drilling Program (at 0.7 g/t Au cut-off)
----------------------------------------------------------------------------
Section Line DDH Depth From To Length Au Ag Cu
(m) (m) (m) (m) (ppm) (ppm) (ppm)
----------------------------------------------------------------------------
LC-510 715 65 53,6 56,6 3 1,10 1,33 59,67
----------------------------------------------------------------------------
LC-510 716 40 22,8 32,7 9,9 0,91 1,45 118,56
----------------------------------------------------------------------------
LC-510 720 91,2 No Significant Intersections
----------------------------------------------------------------------------
LC-510 734 110,5 No Significant Intersections
----------------------------------------------------------------------------
LC-520 600(i) 120 94,6 101,75 7,15 1,32 1,02 183,17
----------------------------------------------------------------------------
LC-520 602(i) 85 5,2 11 5,8 1,36 2,40 498,14
----------------------------------------------------------------------------
LC-520 602(i) 85 54,6 59,7 5,1 0,75 1,06 171,92
----------------------------------------------------------------------------
LC-520 604(i) 65 25,2 29,3 4,1 3,92 6,73 2942,66
----------------------------------------------------------------------------
LC-520 606(i) 99,6 No Significant Intersections
----------------------------------------------------------------------------
LC-520 608(i) 45 No Significant Intersections
----------------------------------------------------------------------------
LC-530 736 80,2 No Significant Intersections
----------------------------------------------------------------------------
LC-530 737 60,1 No Significant Intersections
----------------------------------------------------------------------------
LC-530 741 80,2 No Significant Intersections
----------------------------------------------------------------------------
LC-530 742 100,2 62,4 65,7 3,3 0,71 8,51 436,64
----------------------------------------------------------------------------
LC-530 745(i) 120,4 No Significant Intersections
----------------------------------------------------------------------------
LC-530 747 148 No Significant Intersections
----------------------------------------------------------------------------
LC-540 601(i) 103,1 82 86,2 4,2 1,19 1,83 290,00
----------------------------------------------------------------------------
LC-540 603(i) 30 No Significant Intersections
----------------------------------------------------------------------------
LC-540 807 140 97 101 4 2,05 17,53 3125,00
----------------------------------------------------------------------------
LC-540 808 87 No Significant Intersections
----------------------------------------------------------------------------
LC-540 809 70 20,6 44,6 24 3,20 2,06 467,32
----------------------------------------------------------------------------
LC-550 743 125 No Significant Intersections
----------------------------------------------------------------------------
LC-550 746 100 No Significant Intersections
----------------------------------------------------------------------------
LC-550 748 80 68,7 71,7 3 43,43 21,28 1978,60
----------------------------------------------------------------------------
LC-550 751 60 51,2 54,2 3 2,11 0,73 17,33
----------------------------------------------------------------------------
LC-550 753(i) 40 27 33 6 4,17 3,93 884,67
----------------------------------------------------------------------------
LC-560 605(i) 95 No Significant Intersections
----------------------------------------------------------------------------
LC-560 607(i) 80 51,5 63 11,5 72,91 3,96 139,54
----------------------------------------------------------------------------
LC-560 610(i) 130 No Significant Intersections
----------------------------------------------------------------------------
LC-560 611(i) 50 No Significant Intersections
----------------------------------------------------------------------------
LC-570 754 70,5 31,5 35,5 4 0,98 3,15 3,50
----------------------------------------------------------------------------
LC-570 759 90 39 43 4 0,97 2,33 17,50
----------------------------------------------------------------------------
LC-570 761 110 No Significant Intersections
----------------------------------------------------------------------------
LC-570 766 147 34 39 5 4,49 6,27 145,94
----------------------------------------------------------------------------
LC-570 766 147 78 86 8 1,31 19,20 1850,00
----------------------------------------------------------------------------
LC-570 771(i) 108,3 30 48,4 18,4 8,74 6,17 564,22
----------------------------------------------------------------------------
LC-570 771(i) 108,3 55 94 39 2,28 17,03 121,57
----------------------------------------------------------------------------
LC-570 776 129,5 58 70 12 4,57 2,07 763,50
----------------------------------------------------------------------------
LC-570 776 129,5 77 82 5 1,23 2,02 9,00
----------------------------------------------------------------------------
LC-570 776 129,5 86 92 6 4,31 9,23 68,33
----------------------------------------------------------------------------
LC-570 776 129,5 100 106 6 0,96 4,42 112,47
----------------------------------------------------------------------------
LC-570 778 146 100 106 6 5,63 13,57 2509,50
----------------------------------------------------------------------------
LC-570 778 146 127 130 3 1,18 7,57 1296,33
----------------------------------------------------------------------------
LC-570 856 106,2 9 12 3 3,98 1,03 201,33
----------------------------------------------------------------------------
LC-570 856 106,2 31 37 6 2,30 0,77 152,85
----------------------------------------------------------------------------
LC-570 856 106,2 58,1 85 26,9 1,62 9,97 66,64
----------------------------------------------------------------------------
LC-580 609(i) 170 62 72,5 10,5 2,49 21,44 2241,03
----------------------------------------------------------------------------
LC-580 609(i) 170 89,9 105 15,1 0,92 2,66 508,01
----------------------------------------------------------------------------
LC-580 612(i) 111,5 0,8 6,7 5,9 1,69 2,79 2,48
----------------------------------------------------------------------------
LC-580 612(i) 111,5 12,5 35,7 23,2 1,72 1,82 5,88
----------------------------------------------------------------------------
LC-580 612(i) 111,5 39 52,8 13,8 1,46 1,06 53,07
----------------------------------------------------------------------------
LC-580 614(i) 90,5 3 11,7 8,7 1,57 1,21 16,07
----------------------------------------------------------------------------
LC-580 616(i) 83,4 No Significant Intersections
----------------------------------------------------------------------------
LC-580 832 45 0 15,5 15,5 1,47 5,37 21,65
----------------------------------------------------------------------------
LC-580 832 45 20,4 31 10,6 0,97 5,15 10,44
----------------------------------------------------------------------------
LC-590 819 133 No Significant Intersections
----------------------------------------------------------------------------
LC-590 822 90 No Significant Intersections
----------------------------------------------------------------------------
LC-590 824 105 No Significant Intersections
----------------------------------------------------------------------------
LC-590 827 65 40 43 3 0,80 2,08 33,22
----------------------------------------------------------------------------
LC-590 828 30 No Significant Intersections
----------------------------------------------------------------------------
LC-590 831 41,5 No Significant Intersections
----------------------------------------------------------------------------
LC-600 647(i) 225 No Significant Intersections
----------------------------------------------------------------------------
- True thickness of the mineralized zone is unknown and is reported as drill
hole length
(i) drill holes mentioned in the Press Release as of 28.09.11
Gora 5 Deposit
The Gora 5 gold-silver-copper mineralization extends along a northwest trend for 880 m in length and is inclined to the northeast at 30-60 degrees. The mineralized zone is thickest between lines 460-480. Good potential exists to extend the gold mineralization to the southwest between lines 450-510 and 550-580 and to the northwest of line 590. A total of 3 basic subparallel zones of gold mineralization are present in the Gora 5 deposit achieving a maximum combined ore intersection on core of 41.1 meters in drill hole 619 and 48.1 meters in drill hole 636. In-fill drilling is being carried out on a 25 x 50 meter grid in general. The final 2011 mineralized intersections reported in Table 2, exhibit excellent continuity with the historical intersections both along strike and down dip especially between lines 450-510. The mineralization is open below a vertical depth ranging up to 145 meters on the majority of drill sections. In total, 75 holes have been drilled on the Gora 5 deposit for 7,594 meters of which 59 holes were completed in 2011 for 5,394 meters. The current 2011 drilling results including significant gold intersections are reported in Table 3. As of today all results on the Gora-5 have been received.
Table 3: Assay Results Gora 5 Drilling Program (at 0.7 g/t Au cut-off)
----------------------------------------------------------------------------
Section Line DDH Depth From To Length Au Ag Cu
(m) (m) (m) (m) (ppm) (ppm) (ppm)
----------------------------------------------------------------------------
LC-450 651(i) 50,2 26,2 29,2 3 0,76 35,08 1667,07
----------------------------------------------------------------------------
LC-450 653(i) 106,2 79,2 83 3,8 1,34 3,08 1296,84
----------------------------------------------------------------------------
LC-450 655(i) 80,2 10 14,8 4,8 1,42 5,40 295,75
----------------------------------------------------------------------------
LC-450 657(i) 91 No Significant Intersections
----------------------------------------------------------------------------
LC-460 631 70 17 20 3 2,21 5,67 176,67
----------------------------------------------------------------------------
LC-460 632(i) 100,2 37,2 42,2 5 2,01 3,30 1504,40
----------------------------------------------------------------------------
LC-460 632(i) 100,2 62,8 73,2 10,4 2,37 2,54 1331,90
----------------------------------------------------------------------------
LC-460 634(i) 25 No Significant Intersections
----------------------------------------------------------------------------
LC-460 635(i) 155,3 23,7 36,8 13,1 1,35 0,13 433,15
----------------------------------------------------------------------------
LC-460 635(i) 155,3 50,3 64,5 14,2 1,07 2,02 2326,72
----------------------------------------------------------------------------
LC-460 635(i) 155,3 100 121 21 1,06 1,60 1694,25
----------------------------------------------------------------------------
LC-460 636(i) 175,5 51,2 84,5 33,3 1,77 1,41 1033,79
----------------------------------------------------------------------------
LC-460 636(i) 175,5 99,5 104,5 5 1,87 4,14 3902,00
----------------------------------------------------------------------------
LC-460 636(i) 175,5 117,7 127,5 9,8 0,82 2,72 3014,18
----------------------------------------------------------------------------
LC-460 811 130 18 38 20 1,28 2,32 1076,55
----------------------------------------------------------------------------
LC-460 811 130 43 53 10 2,38 3,90 1934,70
----------------------------------------------------------------------------
LC-460 811 130 67 72 5 0,99 1,18 678,80
----------------------------------------------------------------------------
LC-460 811 130 89,4 100 10,6 1,55 2,11 1358,89
----------------------------------------------------------------------------
LC-470 658(i) 151 109 149 40 3,97 1,42 1418,30
----------------------------------------------------------------------------
LC-470 661(i) 126,5 83,2 91 7,8 2,95 0,29 1,06
----------------------------------------------------------------------------
LC-470 661(i) 126,5 96 99 3 0,89 0,10 36,00
----------------------------------------------------------------------------
LC-470 661(i) 126,5 112,9 123,2 10,3 1,42 2,49 2251,07
----------------------------------------------------------------------------
LC-470 662(i) 100,2 55,7 71,9 16,2 4,79 1,56 800,93
----------------------------------------------------------------------------
LC-470 662(i) 100,2 87,9 91,8 3,9 0,78 1,24 683,33
----------------------------------------------------------------------------
LC-470 664 80 26,3 61,4 35,1 3,19 1,40 1143,94
----------------------------------------------------------------------------
LC-470 666(i) 60,1 0 6 6 1,13 0,73 204,17
----------------------------------------------------------------------------
LC-470 666(i) 60,1 21,6 40,5 18,9 1,90 3,21 1184,76
----------------------------------------------------------------------------
LC-470 666(i) 60,1 44,8 53,8 9 1,00 0,77 479,34
----------------------------------------------------------------------------
LC-470 667 40 15 20,2 5,2 1,32 0,59 304,79
----------------------------------------------------------------------------
LC-480 638(i) 190 141,8 145,5 3,7 1,12 1,52 586,22
----------------------------------------------------------------------------
LC-480 638(i) 190 159 163,6 4,6 4,63 3,03 2126,78
----------------------------------------------------------------------------
LC-480 639(i) 127 61,9 72,3 10,4 4,43 0,15 112,98
----------------------------------------------------------------------------
LC-480 639(i) 127 75,5 90,8 15,3 1,82 0,48 376,28
----------------------------------------------------------------------------
LC-480 639(i) 127 103,8 113,1 9,3 1,07 1,98 2227,78
----------------------------------------------------------------------------
LC-480 642(i) 142,5 88,8 101,8 13 1,62 1,38 450,85
----------------------------------------------------------------------------
LC-480 642(i) 142,5 106 128,2 22,2 3,06 2,24 1336,50
----------------------------------------------------------------------------
LC-480 643(i) 36 27,4 34,8 7,4 1,56 0,86 466,73
----------------------------------------------------------------------------
LC-480 644(i) 101,2 2,2 6,2 4 1,30 0,13 180,50
----------------------------------------------------------------------------
LC-480 644(i) 101,2 18,4 24,2 5,8 0,75 4,84 1751,31
----------------------------------------------------------------------------
LC-480 646(i) 85,1 No Significant Intersections
----------------------------------------------------------------------------
LC-490 668 70 19,5 53,7 34,2 5,69 1,58 354,06
----------------------------------------------------------------------------
LC-490 670(i) 100,1 69,1 84,7 15,6 2,14 2,01 688,82
----------------------------------------------------------------------------
LC-490 672(i) 120,2 74 80,6 6,6 1,50 3,80 2074,97
----------------------------------------------------------------------------
LC-490 672(i) 120,2 94,8 110,5 15,7 1,49 1,73 1091,45
----------------------------------------------------------------------------
LC-490 673 142 115 125,2 10,2 1,08 3,09 1747,29
----------------------------------------------------------------------------
LC-490 676(i) 170,1 116,2 122 5,8 4,33 0,39 718,48
----------------------------------------------------------------------------
LC-490 676(i) 170,1 142 148,2 6,2 1,61 0,45 500,55
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LC-490 678 42,2 No Significant Intersections
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LC-500 648(i) 115 97,5 102,5 5 5,59 1,68 1170,60
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LC-500 649(i) 55,1 25 33,8 8,8 1,18 0,27 140,98
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LC-500 649(i) 55,1 37,6 43,2 5,6 0,79 0,17 120,89
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LC-510 679(i) 20,2 4,2 14,8 10,6 1,31 0,30 530,34
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LC-510 681(i) 50 No Significant Intersections
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LC-510 682(i) 75,1 No Significant Intersections
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LC-510 683(i) 107 99 105,2 6,2 3,54 0,93 659,81
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LC-520 650(i) 76 9 16 7 1,31 1,51 2868,57
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LC-530 685(i) 45,6 No Significant Intersections
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LC-530 686 76 No Significant Intersections
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LC-530 689(i) 106,1 No Significant Intersections
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LC-530 690(i) 133 79,4 89 9,6 1,16 12,16 4332,10
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LC-540 626(i) 151 98,8 104 5,2 2,36 1,22 583,42
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LC-540 626(i) 151 110,2 115,4 5,2 2,15 2,75 955,19
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LC-540 628(i) 110,2 14 20,8 6,8 1,47 1,41 399,91
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LC-540 628(i) 110,2 84,8 90,2 5,4 0,83 0,80 356,48
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LC-540 630(i) 90,2 No Significant Intersections
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LC-550 693(i) 80,1 No Significant Intersections
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LC-550 694(i) 100,1 21,2 25,1 3,9 3,39 1,43 329,38
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LC-550 694(i) 100,1 80,9 85,8 4,9 0,79 1,82 950,82
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LC-550 696 120 No Significant Intersections
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LC-550 699(i) 142,1 No Significant Intersections
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LC-560 623(i) 43,2 No Significant Intersections
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LC-560 624(i) 115 No Significant Intersections
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LC-560 625(i) 64,2 No Significant Intersections
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LC-570 700(i) 30,1 5 8,8 3,8 1,49 2,52 552,76
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LC-570 701(i) 52 8,8 13,4 4,6 1,12 0,40 157,65
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LC-570 701(i) 52 27 31 4 1,12 0,43 95,25
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LC-570 701(i) 52 37 40 3 6,92 1,27 215,00
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LC-570 703 82,1 19,3 32,1 12,8 0,76 0,23 66,86
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LC-570 703 82,1 52,8 57,2 4,4 0,94 0,37 113,73
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LC-570 705 100,2 No Significant Intersections
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LC-580 619(i) 102,5 37,7 41,5 3,8 0,75 0,25 10,71
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LC-580 619(i) 102,5 51,2 75 23,8 2,44 1,24 173,24
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LC-580 619(i) 102,5 85 98,5 13,5 1,54 2,42 710,53
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LC-580 621(i) 50,2 5 23,1 18,1 1,94 3,76 806,31
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LC-580 622(i) 23,9 No Significant Intersections
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LC-590 706 40 12,2 17 4,8 0,91 4,81 2162,08
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LC-590 706 40 20,7 26,5 5,8 1,69 3,84 738,62
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LC-590 708 70 36 43,7 7,7 1,17 2,11 652,18
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LC-590 708 70 48,7 55,3 6,6 0,93 1,55 205,92
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LC-590 709 100 63,9 68 4,1 0,91 1,95 135,85
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- True thickness of the mineralized zone is unknown and is reported as drill
hole length
(i) drill holes mentioned in the press release as of 28.09.11
Future Exploration Program
The drilling program has been finished on the Nasedkino so far and proceeds on the Uyrum license areas. Assay results are available and currently TOMS is resource modeling. TOMS Engineering continues carrying out further metallurgical and communition tests on mineralized core from the three deposits to assist with flow sheet and grinding circuit design.
Qualified Persons
Dr. Alexander Sobolev, Ph.D, MAIG, Director, Geological Audit and Consulting Department JSC TOMS Engineering (St. Petersburg) and a qualified person within the meaning of National Instrument NI 43-101 and has reviewed and approved those sections of the press release related to Savkino and has verified the associated data disclosed in this press release.
Drilling, logging, sampling and dispatch were under the direct supervision of TOMS, an independent geological consulting and engineering company certified under the Law of the Russian Federation # 128- FZ with the latest revision dated December 29, 2010.
Micon prepared NI43-101 compliant Technical Report on the Nasedkino Project entitled "Nasedkino Project, Chita Region, Russian Federation, Mineral Resources, NI43-101 Technical Report" dated November 22, 2010, a copy of which is available under White Tiger Gold's SEDAR profile at www.sedar.com.
Quality Control
Drill core samples are processed in the Company's on-site preparation facility that is managed by ALS Chita Laboratory LLC ("ALS") and is independent of White Tiger Gold Ltd. The drill core sample pulps are then shipped to ALS's facilities in the capital city of Chita, Zaibaikal Region, Russian Federation where they are analyzed by Fire Assay with AAS finish. Copper, silver and 33 other elements are analyzed by ICP-AES. White Tiger Gold utilizes industry standard QA/QC protocols with respect to sampling procedures. Blanks, duplicates and international industry certified standards are inserted into the sample stream to monitor laboratory performance. Analytical results of control samples indicate there is no apparent analytical bias or systematic contamination of samples, and accuracy is within the stated specifications of the certified reference material. ALS Chita, an internationally accredited analytical company with 300 offices worldwide.
Additional information including press releases and public documents about White Tiger Gold Ltd. can be viewed at the Company's website, www.whitetigergold.com or at www.sedar.com.
About White Tiger Gold
The Company is a TSX-listed mining and exploration company, focused on mine expansion and the development of mineral resources in Canada, the Russian Federation, and Peru. The Company currently operates the Lamaque Mine in Val D' Or, Quebec; Savkino heap leach gold operation located in southeastern Siberia; and the San Juan Gold Mine in San Juan Valley, Peru. Plans are underway to expand gold production at each of Lamaque, San Juan and Savkino and to develop a gold-copper mine at the Company's Nasedkino property situated in Chita Region in southeast Siberia with the goal of becoming a mid-tier gold producer. The Company also holds three additional early-stage gold exploration licenses in prospective geological environments located in central and northeast Siberia.
Forward-Looking Information
This news release contains forward-looking information. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding mineral resource estimates (including the potential conversion of historical estimates into estimates that are compliant with NI 43-101), expected results of drilling and other exploration activities, the Company's receipt of certain assay results, potential mineralization, the potential scope of the mineralized area and the Company's exploration and development plans) are forward-looking information.
This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks related to the exploration, development and production stages of the Company's properties; uncertainties relating to the availability and costs of financing needed to complete exploration, development and production activities; failure to establish estimated and/or anticipated mineral resources (no assurances can be given that the indicated and/or anticipated levels of gold will be produced from such resources); delays in the exploration and development of, and/or commercial production from, the properties in which the Company has an interest; the uncertainties involved in interpreting exploration results and other geological data; unexpected geological conditions; the speculative nature of mineral exploration and development, including the uncertainty of and the imprecision in mineral resource and reserve estimates; success of future development initiatives; operating performance of facilities; the possibility that the results of future exploration will not be consistent with the Company's expectations; changes in the price of gold or certain other commodities (such as fuel and electricity); fluctuations in the currency markets; changes in equity markets; changes in interest rates; failure to complete financings on favourable terms or at all; exploration, capital and other costs varying significantly from estimates; uncertainties relating to the availability and costs of financing needed in the future; changes in national and local government legislation, taxation, controls, policies and regulations; political developments in Russia; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; and the other risks involved in the mineral exploration business.
Forward-looking information speaks only as of the date on which it is provided and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein. Additional information about these assumptions and risks and uncertainties are contained in the Company's filings with securities regulators, including its management's discussion and analysis dated March 30, 2011 (available on the Company's SEDAR profile at www.sedar.com). All of the forward-looking information made in this news release is qualified by the foregoing cautionary statements and those made in the "Risk Factors" section of the Company's most recently filed Annual Information Form dated March 30, 2011 (available on the Company's SEDAR profile at www.sedar.com).
The mineral resource figures disclosed in this news release are estimates and no assurances can be given that the indicated levels of gold will be produced. Such estimates are expressions of judgment based on knowledge, mining experience, analysis of drilling results and industry practices. Valid estimates made at a given time may significantly change when new information becomes available. While the Company believes that the mineral resource estimates disclosed in this news release are well established, by their nature mineral resource estimates are imprecise and depend, to a certain extent, upon statistical inferences which may ultimately prove unreliable. If such estimates are inaccurate or reduced in the future, this could have a material adverse impact on the Company. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Inferred mineral resources are estimated on limited information not sufficient to verify geological and grade continuity or to allow technical and economic parameters to be applied. Inferred mineral resources are too speculative geologically to have economic considerations applied to them to enable them to be categorized as mineral reserves. There is no certainty that mineral resources can be upgraded to mineral reserves through continued exploration.
Contacts:
White Tiger Gold Ltd.
Daniel Major
Chief Executive Officer
info@whitetigergold.com
www.whitetigergold.com
Terre Partners
Joanna Longo
Investor Relations
1 (416) 238 1414 (ext 233)
jlongo@terrepartners.com
