Blaine, WA:  Tamerlane Ventures Inc. (TAM: TSX-V) announced today new assay results from drill holes that confirm lead-zinc mineralization within the Hinge Zone deposit (HZ) at the Company’s Pine Point Property, located in the Northwest Territories, Canada.  The assay results are from 6 holes, TV1-TV4 and TV7-TV8.  The Hinge Zone is a sinuous shallow tabular deposit with a zone having a strike length of over 6,000 feet and a width of approximately 600 feet.  It is situated along the main trend of the District within an area of previous open pit mining conducted by Pine Point Mines Ltd. from 1965 to 1987. 

Tabular deposits are among the most common deposit types in the Pine Point District and were formed in long sinuous karst caverns which followed 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 from tabular deposits.

The assay results are shown below:

Hinge Zone Deposit

Drill Hole
Number

Interval (Feet)

Thickness

True Thickness
(Feet)

Average

Combined
%Zn+%Pb

From

To

Feet

Metres

%Zn

%Pb

HZ-TV1

233

299

66

20.1

46

6.51

13.14

19.65

containing

233

262

29

8.8

20

8.54

27.19

35.73

HZ-TV2

250

272

22

6.7

18

12.18

1.54

13.73

HZ-TV3

267

292

25

7.6

17

10.25

2.35

12.60

HZ-TV4

237

254

17

5.2

14

10.00

1.77

11.77

HZ-TV4

256

266

10

3.1

8

3.84

0.54

4.38

HZ-TV8

281

289

8

2.4

7

4.03

1.20

5.23

HZ-TV8

300

307

7

2.1

6

2.45

0.03

2.48

 

HZ-TV1 was drilled at -45°; TV2 at -55°; TV3 at -52°; TV4 at -55° and TV8 at -56.4°






 

Ross Burns, President & CEO, said: “This discovery is an indication of the huge remaining exploration potential of the Pine Point property.  The targets remaining for further work include drill intersections, deposit extensions, 34 airborne electromagnetic targets and a zone 15 km in length that has the potential to contain a deposit every 1.5 km.  To date, only one deposit has been discovered in this zone.  When the junior mining markets improve the Company will be pursuing a number of these targets.”

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 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.