"When the mining license is granted we anticipate that the topical area can be open pitted at low cost, and then the veins will be followed. Overall, we anticipate a profitable deposit will be mined at Danglay"
The Philippine exploration program is poised for advancement.
A government requirement is that our EP006 license be renewed every two years, and the final requirement prior to reissuance is the payment of the processing fee. That payment was made almost a month ago, so reissuance is anticipated any time now.
Our partner/manager (ECR Minerals) is ready to commence a further drilling program, this time designed to penetrate the vein structure at depth below the topical supergene identified structure. The veins exist, but we need to learn the grade and volume.
In prior announcements, you will see that an inferred resource was identified in the topical area, described as a supergene. This 67,000 ounce discovery provides a solid asset backing for our company and our shareholders, and now the job is to expand that by going to depth.
When the mining license is granted we anticipate that the topical area can be open pitted at low cost, and then the veins will be followed. Overall, we anticipate a profitable deposit will be mined at Danglay.
Sincerely, Tiger International Resources Inc. sig_pat.jpg
Patric Barry President, Tiger International Resources Inc. E-Mail: firstname.lastname@example.org (949) 362.1600
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