Dear Tiger Shareholder:
I’ve been reviewing the work program with the management of ECR Minerals, the operator of the exploration program at the Itogon Gold and Silver Project. I visited the workings, the ISO lab in Manila where samples are being tested, and discussed the next round of work.
As reported, work over the past year has comprised extensive RC drilling and trenching. More trenching was seen when I did a site visit last week, and the next round of drilling will be a combination of RC and diamond core, mostly diamond core.
New vein areas have been identified, a supergene has been defined at the top of the project area, and emphasis will be applied to a fault that has been located SW - NE of the project where weakness in the strata is hoped to have led to additional economic gold creation.
Since the BC Securities Commission staff precluded us from relying publicly on past data, the data from the present program, all created under NI 43-101 rules, can be relied upon and is being released in detail when the lead geologist has tabulated results, allowing shareholders to determine the merit of the results. I am happy with the quality of the work I saw, and the next round of work might allow a resource geologist to determine a 43-101 compliant resource estimate. This will be helpful in determining the economic prospectivity of the project.
The next round of work will commence in November with results expected in late January.
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