- Exploration drilling confirms new mineralized zone connecting two deposits -


Blaine, WA: Tamerlane Ventures Inc. (TAM: TSX-V) announced today new assay results of drill holes that confirm lead-zinc mineralization of an area between the M67 and L65 deposits at the Company’s Pine Point property, located in the Northwest Territories, Canada.  

Today’s assay results are from three holes (TV1, TV2 and TV3) drilled at the L65 deposit and three exploration holes (TV4, TV5 and TV6) drilled between deposits M67 and L65.  Today’s results are significant because the three exploration holes confirm that there is mineralization over approximately 220 meters between deposit M67 and deposit L65.  

The M67 and L65 Deposits are located along the main trend of the Pine Point District within an area of open pit mining conducted by Cominco from 1965 to 1987.  These deposits are shallow tabular deposits that may both be future open pit and underground targets.  

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.

The assay results are shown below: 

 Deposit L65

Drill Hole
Number

Interval (Feet)

Thickness

True Thickness
(Feet)

Average

Combined
%Zn+%Pb

From

To

Feet

Metres

%Zn

%Pb

L65-TV1

327

377

50

15.2

36

5.17

0.43

5.60

L65-TV1

389

398

9

2.7

6

13.74

1.30

15.04

L65-TV2

297

342

45

13.7

32

1.72

0.10

1.82

L65-TV2

347

387

40

12.2

28

4.40

0.94

5.34

L65-TV3

217

247

30

9.2

29

5.62

1.69

7.31

L65-TV3

282

297

15

4.6

14

1.51

0.42

1.93

L65-TV4

197

217

20

6.1

20

1.70

0.46

2.15

L65-TV4

235

238

3

0.9

3

18.05

1.81

19.86

L65-TV5

226

242

16

4.9

16

6.46

1.79

8.26

L65-TV6

223

262

39

11.89

39

4.59

1.24

5.83

 

L65-TV1 was drilled at -46°; TV2 at -45°; TV3 at -76°
L65-TV4, TV5 and TV6 were all drilled at -90°

 

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, P. Geo., 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 evidence of previously unknown mineralization.  This is a very exciting development in the Pine Point Project, as we believe that the large land position may contain many more exploration targets with excellent potential for mineralization.”
 

“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.