Tigray Resources Inc Acquires Option on Adyabo Licenses

Tigray Resources Inc Acquires Option on Adyabo Licenses

In December 2011 Tigray entered into an agreement to acquire up to an undivided 80% interest in the Adyabo property in two phases over a three-year period. The Adyabo property covers 595 square kilometres immediately west of Tigray’s Harvest project and includes the Adi Dairo concession in the north and the West Shire concession in the south.

Tigray Resources Inc Acquires Option on Adyabo Licenses

Tigray Resources Inc. (TSX VENTURE:TIG) (“Tigray” or the “Company“) is pleased to announce it has acquired the option on the Adyabo property (formerly Harvest North properties) in Ethiopia, increasing its land position to 865 square kilometres, and has identified new targets.

In December 2011 Tigray Resources Inc entered into an agreement to acquire up to an undivided 80% interest in the Adyabo property in two phases over a three-year period. The Adyabo property covers 595 square kilometres immediately west of Tigray’s Harvest project and includes the Adi Dairo concession in the north and the West Shire concession in the south. The land package is considered prospective for volcanogenic massive sulfide (VMS) and orogenic (structurally controlled) gold deposits, and contains numerous alluvial, elluvial and bedrock gold workings as well as several large gold and gold-copper-arsenic anomalies defined by previous companies’ stream-sediment sampling programs. When combined with the Harvest concessions, Tigray holds 865 square kilometres of exploration ground in the region.

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