Tiger Resources Sets New Production Record at Kipoi, Announces High Grade Results at Sase Central; Fell Near 12% Wednesday


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Tiger Resources Limited (TGS.TO), which fell nearly 12% Wednesday, announced that it has set a new record for monthly production at its Kipoi Copper Project in the Democratic Republic of Congo ( DRC ). It also announced high-grade copper results from a diamond drilling programme at Sase Central, which lies within the boundaries of the company's 100%-owned Lupoto Copper Project, in the Democratic Republic of Congo.

In the DRC at Kipoi, Tiger produced 4,007 tonnes of copper in concentrate in March from its heavy media separation ( HMS ) plant, 37% above the HMS plant's nameplate capacity and 4% higher than the previous monthly record of 3,853 tonnes achieved in June 2012. The company produced 9,488 tonnes of copper in concentrate for the March 2013 quarter, 8.5% above nameplate capacity. Full production results and operating costs will be detailed in the March 2013 Quarterly Report to be released later this month. In 2012, Tiger produced 36,966 tonnes of copper in concentrate, exceeding market guidance by 6%.

Highlights related to Sase Central included: A 15-hole infill and resource extensional diamond drilling ( DD ) programme for 2,226.9m was completed at Sase Central in December 2012. Assay results have been received for all DD holes.

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This article appears in: Investing , Commodities
More Headlines for: DD , DRC , HMS

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