Tiger Resources (ASX/TSX: TGS) is a copper/cobalt exploration company with excellent growth potential as we make the transition from explorer to producer.
TGS has a highly-rated portfolio of properties, all strategically located on the world renowned Katanga Copperbelt in the Democratic Republic of Congo.
Tiger Resources increases total resource by 47% at Kipoi Project
Emerging copper miner Tiger Resources Limited (ASX:TGS) has advised of a significant increase in minerals resources for the Kipoi Copper Project (the “Kipoi Project” or the “Project”) in the Katanga Province of the Democratic Republic of Congo (“DRC”).
The Kipoi Project is located 75km’s northwest of Lubumbashi, the Provincial Capital of the Katanga
Province in the DRC and covers an area of 55sqkm. Contained within the boundaries of the Project
area is a 12km long fragmented sequence of mineralised Roan sediments that host at least 5
Copper/Cobalt deposits.
The Company’s objective has been to develop a mineral resource base sufficient to support a future
long term copper production capacity of up to 100,000tpa through a clearly focussed exploration
and development programme.
In March 2008 the Company announced its Maiden Inferred Mineral Resource estimate for its
flagship Kipoi Central deposit of 13.4Mt at 3.3% Cu containing 439,000 tonnes of copper, 20,000
tonnes of cobalt and 1,416,000 ounces of silver.
Maiden Inferred Mineral Resource estimates have been completed for the Kipoi North and the Kileba South deposits. The two deposits are located within the boundaries of the Kipoi Project area which contains a 12 km sequence of mineralised Roan sediments that also hosts the Company’s flagship Kipoi Central deposit.
Highlights
Total Inferred Copper (“Cu”), Cobalt (“Co”) and Silver (“Ag”) Mineral Resource for Kipoi Project increases to 644,000t of Copper, 22,600t of Cobalt and 2,788,000oz of Silver. Increase in Copper represents a 47% growth in the resource base.
Kileba South Inferred Mineral Resource
- 9.5 M tonnes at 1.40% Cu containing 133,000t of contained copper metal.
Kipoi North Inferred Mineral Resource
- 5.3M tonnes @ 1.36% Cu and 8.1g/t Ag containing 71,600t of copper and 1,372,000 oz of silver.
- Mineralisation outcrops at both deposits, and the deposits are suited to open pit mining operations with potentially low strip ratios.
- Both resource estimates represent predominantly oxide mineralisation which would support a Solvent Extraction and Electrowinning (“SXEW”) operation.
- At both deposits further mineralisation has been intersected in additional holes, but mineralisation is not yet defined adequately to include in the resource.
- Further potential exists at both deposits for lateral oxide extensions and the deposits are open at depth with substantial scope for expansion of sulphide resource.
- Kipoi North and Kileba South are in close trucking proximity to Kipoi Central offering synergies and efficiencies for future mining operation
- A revised Mineral Resource estimate for the Kipoi Central deposit is in progress and expected to be released in the third quarter 2009.
The Company considers the increase in resources to be extremely significant as it has the potential
to support the development of a long life mining operation at Kipoi.








