Blaine, WA: Tamerlane Ventures Inc. (TAM: TSX-V) is pleased to announce that the Company has finalized major engineering contracts for the development of the R-190 deposit of the Pine Point Project, located in the Northwest Territories, Canada. Specifically, Tamerlane has contracted Thyssen Mining to carry out shaft sinking setup and sinking designs, and FKC-Lakeshore, a division of Frontier-Kemper Constructors, Inc., to engineer and design complete systems and equipment related to the vertical conveyor system while working in conjunction with Thyssen Mining to design the shaft head frame.
Work to be performed by Thyssen Mining will include collar design required for sinking operations, design of head frame modifications, galloway design, hoist specifics, crosshead design, concrete form design, clam operation and suspension, and pipelines for air, water and pumping.
FKC-Lakeshore, in cooperation with Thyssen Mining, will incorporate necessary engineering designs performed by Thyssen into the final design. FKC-Lakeshore is also responsible for designing the hoist, shaft, braking systems, top structures, underground structures and the vertical conveyor system.
Ross Burns, President & CEO, said: “We are pleased that we have acquired the services of two proven companies, both of which are leaders in their respective fields. This represents a significant step forward in the Pine Point project, and we look forward to a mutually beneficial and productive relationship with Thyssen Mining and FKC-Lakeshore. Furthermore, both companies understand the importance of working in the North and involving the local aboriginal groups. The results of the positive feasibility study are expected to be released in the near future, whereby we anticipate commencement of mining operations on the R-190 deposit at the Pine Point zinc-lead deposit in 2008.”
“Ross F. Burns”
President & CEO
For further information, please contact:
Brent Jones, Manager of Investor Relations
Phone: (360) 332-4653
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.
Caution Concerning Forward-Looking Information
This press release contains forward-looking information within the meaning of applicable securities laws. We use words such as “may”, “will”, “should”, “anticipate”, “plan”, “expect”, “believe”, “estimate” and similar terminology to identify forward-looking information. It is based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and accordingly, readers should not place undue reliance on those statements. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in zinc, lead and other resource prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com.