Blaine, WA: Tamerlane Ventures Inc. (TAM: TSX-V) announced today new assay results of drill holes that confirm historic mineralization of the M67 Deposit, and further high-grade lead-zinc mineralization at the Company’s Pine Point property, located in the Northwest Territories, Canada. 

Today’s assay results are from three holes drilled at the M-67 deposit for the purpose of upgrading known historic resources to NI43-101 measured and indicated resources which can then be used for future feasibility studies.  The Pine Point Property’s remaining historical* resources total 50.9 million tonnes at a grade of 3.84% zinc and 1.24 % lead. 

The M-67 Deposit is located along the main trend of the Pine Point District within an area of open pit mining conducted by Cominco from 1965 to 1987.  M-67 is a shallow tabular deposit located at depths between 70 and 110 meters.  *Historic resources indicated a remaining 1.5 million tonnes grading 5.6% zinc and 1.1% lead. 

Tabular deposits are among the most common deposit types in the Pine Point District and are deposited in long sinuous karst caverns following underground streams.  This style of mineralization has been mined successfully by both open pit and underground methods at Pine Point.  Historically, a total of 13,480,900 tonnes grading 5.6% zinc and 1.7% lead have been mined in tabular deposits.

 *Note:        A qualified person has not done sufficient work to classify the historical estimate as current mineral resources, the issuer is not treating                     the historical estimate as current mineral resources and the historical estimate should not be relied upon.

The assay results are shown below:

Deposit M67

Drill Hole
Number

Interval (Feet)

Thickness

True Thickness
(Feet)

Average

Combined
%Zn+%Pb

From

To

Feet

Metres

%Zn

%Pb

 M67-TV1

250

282

33

9.8

30

8.1

3.1

11.2

 M67-TV2

290

333

43

13.1

33

3.1

0.4

3.5

 M67-TV3

316

321

5

1.5

4

23.9

2.9

26.8

 M67-TV3

348

359

11

3.3

8

10.9

1.7

12.6

 

 M67-TV1 was drilled at -68°; M67-TV2 at -50°; M67-TV3 at -48°

 An updated exploration map showing deposit locations and drill targets will be available for viewing on Tamerlane’s website at www.tamerlaneventures.com.

The results herein described have been prepared under the guidance of Ross F. Burns, P. Geo., LG, President of the Company, who is designated as a Qualified Person with the ability and authority to verify the authenticity and validity of the data.  The drill program was carried out under the direct supervision of Mr. Wolfgang Schleiss, M.Sc.  Samples and assay results for lead and zinc quoted herein were prepared by ALS Chemex of Vancouver, BC using industry standard assay techniques for ore grade lead and zinc mineralization.

Ross Burns, President & CEO, said: “We are extremely pleased with these results because they provide added confidence in the 50 million tonnes of remaining resources currently in the historic resource category.”

“Ross F. Burns”

President & CEO

For further information, please contact:
Brent Jones, Manager of Investor Relations
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: (360) 332-4653
Fax: (360) 332-4652
Website: www.tamerlaneventures.com

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.