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President’s Letter
- March-April 2009
Dear Tiger Shareholders:
Previously reported was
Tiger’s success in obtaining issuance of the mineral rights
of the Esperanza Gold Project in the Philippines. The mineral rights
for our advanced exploration project named The Esperanza Gold Project
were formally granted to our subsidiary in January 2008, subject
to obtaining the consent of the indigenous people in the area.
Several community meetings were held and the project described
to the local residents, surface rights holders and elders, and
their consent was awarded.
The project is located in the north of the Philippines 11 kilometers
outside Baguio, a mountain resort city, and is situated along the
Baguio Gold Belt on the Philex Mine Road, an improved cement public
road. Infrastructure is excellent, water, electricity and phone are
available on site, and evidence of prior successful exploration and
gold production indicates a high probability of economic success.
The 43-101 Ian Cooper report states that a resource of 500,000 to
one million ounces of gold is likely, and recommends an open pit
approach. Prior data, including drill results, developed by earlier
companies has been located and studied. Our plan is to redrill and
sample old drill targets and trenches to confirm prior results and
analyze tailings from prewar production, and to develop a bankable
feasibility study which will include a definitive resource analysis.
We intend to obtain a valuation at that point which will support
the company graduating to a more senior Exchange. Tiger owns 100%
of the granted mineral rights to Esperanza.
Permits to conduct underground physical exploration have been requested
from the Philippine Government, and the publication process has commenced.
Our Philippine geological consultant, Mr. Jimmy Zafra, has been retained
to obtain these permits and he is presently conducting the appropriate
meetings and submitting necessary documents to facilitate this. A
newspaper and radio publication period is required followed by a
comment period and this is underway.
We announced the issuance of Incentive Share Options which provide
long term incentive to the Company's key personnel and further ensures
that the interests of the Company's personnel are aligned with the
interests of the Company's shareholders. Also announced was a settlement
of debt with shares. I recommend the shareholders support these two
moves in anticipation of the detailed exploration commencing this
year on the Esperanza Gold Project. These items will be submitted
for shareholder approval on May 1, 2009 at the company’s Annual
Meeting.
Sincerely,
Tiger International Resources Inc.
Patric Barry
President, Tiger International Resources Inc.
E-Mail: 26981@sbcglobal.net
(949) 362.1600
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