Letter - October 2015
Dear Tiger Shareholder:
I’ve been in the Philippines for two weeks working with consultants
and the executives of ECR Minerals in our ongoing effort to advance
the Itogon Gold and Silver Project.
The EP006 license is due for renewal, and the Renewal Application
has been submitted to the Mines and Geosciences Bureau in Manila.
Typically, they take about three months to process and approve these
renewals, and since the Application included submission of the extensive
drill and trenching data that was developed by ECR Minerals over
the past two years, and totaled a pile of paperwork over six inches
deep, I imagine that it will take their processors much time to review.
However, I have every confidence that the renewal will be granted.
While in Ampucao we met with members of the local community, and
they supported their council in issuing a supportive endorsement
for our renewal, and we rewarded the meeting with catering of beef,
pork and eel. Not all to my taste, but it was enjoyed by the seventy
attendees and council members.
I reviewed the exploration program and achievements, and I was pleased
with what has been done, but more work is needed. The present plan
is to have ECR’s consultants plan where to perform 1500 meters
of diamond drilling that is scheduled for January 2016 by which time
the EP will have been renewed and the job of determining where to
start mining production may have been decided.
ECR Minerals has retained independent consultants for the determination
of a partial resource, based on recent work, although whatever is
decided will be a partial resource and not the total resource. A
determination of a resource of any size will change the project from
exploration to a proven mine, thus even a partial resource determination
is welcome. They also have retained a Qualified Person (“QP”)
to provide a 43-101 which we will submit to the BC Securities Commission
for acceptance upon receipt, and this is hoped for by mid October
Overall, progress is being made. I’ll report further as I have
fresh news. Share market conditions are disappointing, but that will
change in time, as it always does. The TSX Venture Exchange has been
an illiquid disappointment, but we anticipate staying with the Exchange
to see if conditions recover.
Tiger International Resources Inc.
President, Tiger International Resources Inc.