Tamerlane To Commence Summer Drill Program And Environmental Studies On Pine Point Lead-Zince Project

Tamerlane Ventures Inc.
(TAM: TSX-V) announces that it is mobilizing for its summer drill program, which will total approximately 10,000 feet of drilling. Tamerlane intends to test the R-190 deposit with 10 drill holes to confirm the previous drilling and provide metallurgical test samples. Tamerlane will also complete follow-up drilling on the GO-3 deposit if ground conditions permit access. The winter drill program on the GO-3 deposit intersected 212 feet (64.6m) of 15% lead-zinc in hole GO-3-TV3 and 162 feet (49.4m) of 16.8% lead-zinc in hole GO-3-TV1. Drilling is also planned to provide metallurgical samples from the N-204 deposit, which is a large, low grade, near surface deposit that could be easily mined by open pit methods.

The 2005 drill program is anticipated to cost approximately C$800,000 and is being funded from the proceeds of a C$1.257 million flow-through share issuance.

The objective of the 2005 exploration program is to drill four known deposits (W-85, GO-3, R-190 and N-204) with approximately 10 holes to be drilled in each deposit. The winter program tested the W-85 and GO-3 deposits and the summer program will test the remaining deposits. The drill results will be used to confirm the deposits’ grade and provide metallurgical samples for testing the applicability of the Dense Media Separation (DMS) process.

Tamerlane is currently in the process of selecting consultants to complete environmental studies on the property to support the feasibility study and permitting process. These studies will include all facets of the environment such as water, fauna and flora and will provide weather and waste rock data for the design of waste dumps and tailings facilities. Archeological and traditional land use information will also be incorporated as part of the studies.

The Pine Point project has many advantages compared to other base metal operations and projects as it has 34 drill-delineated deposits in addition to the infrastructure from previous mining and exploration in the area. The infrastructure includes paved roads, hydro power to the property and a railhead located at nearby Hay River. The mineralogy and metallurgy of Pine Point are well known. The lead-zinc ore is easy to mill, has good recoveries and the concentrate is easy to refine. The concentrate will be in demand by smelters around the world because of the low impurity levels.

The following table presents a summary of assay results from the winter drill program that were previously reported in a press release dated May 9, 2005:

Drill Hole

Interval

(Feet)

Thickness

Average

Combined

Number

From

To

Feet

Meters

% Pb

% Zn

%Pb+%Zn

W-85 Deposit

W85-TV1

106

222

116

35.4

7.40

4.08

11.48

W85-TV4

87

203

116

35.4

7.24

5.97

13.21

W85-TV4

234

262

28

8.53

6.94

4.72

11.66

W85-TV5

201.5

285

83.5

25.5

4.10

8.14

12.24

W85-TV6

205

340

135

41.2

3.72

10.72

14.44

W85-TV7

165

235.7

70.7

21.6

0.60

3.42

4.02

W85-TV8

197

222

25

7.6

2.31

6.95

9.26

W85-TV8

262

350

88

26.8

5.66

9.48

15.14

W85-TV9

260

350

90

27.4

6.12

13.71

19.83

GO-3 Deposit

G03-TV1

180

342

162

49.4

4.50

12.33

16.83

GO3-TV3

165

377

212

64.6

5.22

9.94

15.16


The exploration potential at Pine Point is excellent. The property has an area of 175 square kilometres containing lead-zinc deposits within a Devonian reef which plunges gently to the west. A total of 47 deposits were mined and a further 34 delineated before the closure of the mine. A lightly explored zone approximately 15-kilometres long occurs west and down plunge of the last deposit mined and east of the deposits outlined by Westmin. This is of interest as it contains only one known deposit over the 15 kilometer strike compared to the average of one deposit per kilometer in the mined area.

Ross Burns, President & CEO, said: “We anticipate excellent drill results from the R-190 deposit and will commence the metallurgical work as soon as we have sufficient material for the dense media separation study. We plan to commence the feasibility study in the fall of 2005 with planned completion in mid-2006.”

On behalf of the Board of Directors,

“Ross F. Burns”

President & CEO

For further information, please contact:
Graham Eacott, Vice President, Investor Relations Phone: (360) 332-4653
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it. Fax: (360) 332-4652

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1933 and as amended in Section 27E of the 1934 Act