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TAMERLANE INTERSECTS 15.19% COMBINED LEAD-ZINC OVER 156.5 FEET, INCLUDING 72.29% COMBINED LEAD-ZINC OVER 8 FEET
Blaine, WA: Tamerlane Ventures Inc. (TAM: TSX-V) announced today that it has intersected additional extensive high-grade lead-zinc mineralization at the Company’s Pine Point property, located in the Northwest Territories, Canada. Drill hole P499-TV2 returned a significant 156.5-foot true vertical thickness of 15.19% combined lead and zinc, including an interval of 92 feet of 22.66% lead and zinc. The results from today’s announcement are summarized below:
|
Drill Hole
Number
|
Interval (Feet)
|
Thickness
|
True Thickness
(Feet)
|
Average
|
Combined
%Zn+%Pb
|
|
From
|
To
|
Feet
|
Metres
|
%Zn
|
%Pb
|
|
P499-TV2
|
287
|
302
|
15
|
4.57
|
14.9
|
2.92
|
2.84
|
5.76
|
|
P499-TV2
|
314
|
472
|
158
|
48.17
|
156.5
|
8.21
|
6.98
|
15.19
|
|
Containing:
|
319
|
327
|
8
|
2.44
|
7.7
|
19.96
|
52.33
|
72.29
|
|
314
|
351
|
37
|
11.28
|
36.7
|
10.96
|
22.01
|
32.97
|
|
314
|
407
|
93
|
28.35
|
92.0
|
11.27
|
11.39
|
22.66
|
|
P499-TV2
|
517
|
567
|
50
|
15.24
|
49.6
|
3.56
|
1.32
|
4.88
|
P499-TV2 was drilled at -83°.
The results shown below for drill hole P499-TV1 have been updated since the March 27, 2008 press release, which included 5 sections where zinc was reported greater than 30%, and an additional 7.5-foot section where both zinc and lead were reported greater than 30% (Zn+Pb% > 60%). The results below reflect the follow-up chemical assays for those sections.
Deposit P499 Hole TV1
|
Drill Hole
Number
|
Interval
(Feet)
|
Thickness
|
True Thickness
(Feet)
|
Average
|
Combined
%Zn+%Pb
|
|
From
|
To
|
Feet
|
Metres
|
%Zn
|
%Pb
|
|
P499-TV1
|
288
|
313
|
25
|
7.62
|
25
|
4.62
|
1.45
|
6.07
|
|
P499-TV1
|
333
|
491
|
158
|
48.19
|
158
|
17.80
|
8.67
|
26.46
|
|
Containing:
|
387
|
423
|
36
|
10.98
|
36
|
21.83
|
7.54
|
29.37
|
|
428
|
491
|
63
|
19.21
|
63
|
22.01
|
13.23
|
35.24
|
|
P499-TV1
|
532
|
543
|
11
|
3.43
|
11
|
4.57
|
1.29
|
5.86
|
|
P499-TV1
|
573
|
584
|
11
|
3.43
|
11
|
14.65
|
5.19
|
19.84
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P499-TV1 was drilled at -90°and represents the true vertical thickness of the prismatic deposit.
The assay results announced today are part of the confirmation drilling program commenced in November 2007 for the purpose of converting a portion of indicated and historical resources into proven and probable reserves. The results described in this press release conclude the Winter 2007/2008 drill program, in which Tamerlane drilled 3,200 meters in 16 holes.
For 2008, the Company has scheduled an extensive drill program to be completed on the East side of the Buffalo River, where favorable ground conditions facilitate Spring and Summer drilling. Tamerlane expects to drill approximately 5,000 meters in 2008. Additional drill results will be forthcoming.
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 F. Burns”
President & CEO
For further information, please contact:
Brent Jones, Manager of Investor Relations
E-mail:
This e-mail 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.
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