HOME | PRESIDENT | PROJECTS | MANAGEMENT  | FINANCIAL | NEWS  | MEDIA  | MAILING LIST

 

President’s Letter - September / October 2008

Dear Tiger Shareholders:

Tiger has won success 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 recently awarded. While only 51% support was required we understand that the support was almost unanimous.

This clears the way for Tiger to pull permits for conducting the exploration program. There are no other conditions on the granting of the mineral rights and now we can proceed with confidence.

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, a cement public road. Infrastructure is excellent, water, electricity and phone are available, 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.

We want to express thanks to the excellent consultants – Jerry Marave, our counsel in Baguio, and Jimmy Zafra, our Philippine geological consultant - for their dedication in working with the indigenous people and elders in obtaining the consents, as well as the elders who deliberated over our proposal and granted their support. Tiger will benefit the community by assisting with community projects, employment and royalties from production.

The immediate plan is to pull the appropriate permits and commence the exploration program, and planning of the actual program will take into account market conditions and financing prospects.

Sincerely,
Tiger International Resources Inc.

sig_pat.jpg

Patric Barry
President, Tiger International Resources Inc.
E-Mail: 26981@sbcglobal.net
(949) 362.1600

 

HOME | PRESIDENT | PROJECTS | MANAGEMENT  | FINANCIAL | NEWS  | MEDIA  | MAILING LIST

© Tiger International Resources Inc,
All Rights Reserved.