BELLINGHAM, Wash., USA – Tamerlane Ventures Inc. ("Tamerlane" or “the Company") (TSX-V: TAM) announced today that it has engaged two well-known engineering companies to assist in the advancement of its Pine Point lead-zinc project in the Northwest Territories into production. These companies will be addressing key elements of the pre-construction engineering.
The Company is pleased to announce that it is currently working with AECOM. This firm is a well-known global provider of professional technical and management support services to a broad range of markets, and is a consistent leader in industry rankings for a variety of design services. AECOM is undertaking the surface geotechnical work at Pine Point.
Their project involvement will pertain to subsurface soil and groundwater conditions, site and subgrade preparation, excavations and backfilling, pavement structure, frost penetration, and the designs for all concrete foundations for the facilities to be built at Pine Point. Crews have been mobilized to the site and are currently performing geotechnical drilling at the proposed building locations.
Tamerlane is also pleased to have signed a contract with AMC Mining Consultants (Canada) Ltd, a leading mining consultancy that has provided services to the minerals sector in over 100 countries since 1983. AMC will be overseeing aspects of geotechnical drilling of the R-190 deposit. Based on their analysis of drill core and results of associated laboratory test work, AMC will provide recommendations for access development and stope design parameters (including sequencing extraction and backfilling). They will also recommend ground support requirements for the underground workings. AMC’s activities will contribute to Tamerlane’s finalizing all mining engineering relative to the Pine Point project.
“We are pleased to be working with two such experienced firms, both of which are recognized leaders in their respective fields,” commented Mike Willett, CEO of Tamerlane Ventures. “They are both doing essential work prior to the actual construction phase.”
Mr. Willett continued, “Our progress toward finalizing financing commitments and commencing construction at Pine Point has been steady. In addition to the recent engagement of such firms as AECOM and AMC Mining Consultants, we are also ramping up our internal technical staff. We have Tamerlane technical personnel working at the site with our consultants on these detailed engineering projects. In addition, our Corporate Liaison Officer, Randy Lewis, who is permanently located at our Hay River office, is working to identify local sources of labor, contracting services, and material supply for construction.”
About Tamerlane Ventures Inc.
Tamerlane Ventures Inc. is an exploration and development mining company with advanced base metal development projects in Canada and Peru. The Company’s immediate focus is bringing the 100%-owned Pine Point project to production. Tamerlane plans to sell the well-known Pine Point Concentrates to various smelting facilities around the world. The Company is also developing its Los Pinos heap leach copper project in Peru.
On behalf of Tamerlane Ventures Inc.
“Michael A. Willett”
Chief Executive Officer
For further information, please contact:
Tamerlane Ventures Inc.
Director of Investor Relations and Corporate Communications
Phone: (360) 752-9462
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this 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.