The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
TAM: TSX-V
President and CEO: Ross F. Burns
Chairman: Margaret M. Kent
Vice President and Sr. Project Manager (Pine Point Project): David D. Swisher
Formed in 2000, Tamerlane Ventures Inc. is focused on putting the most profitable zinc-lead property in Canadian history back into production and developing a dump leach copper project in Peru.
The junior plans to become a producer of lead-zinc concentrates from its Pine Point Project in Northwest Territories, which hosts an NI 43-101-compliant estimate of 10.9 million metric tons of measured and indicated lead-zinc resources in conjunction with a positive feasibility study of 1 million proven and probable metric tons of the base-metals in the R-190 deposit at the Pine Point Property.
Tamerlane received notice in April that the federal Minister of Indian and Northern Affairs approved and signed the project's water license.
Agreements also have been inked with key First Nation and other aboriginal groups.
The Pine Point Project will first mine the R-190 deposit, which has estimated reserves exceeding 1 million metric tons at a grade of 11.16 percent zinc and 5.49 percent lead.
This deposit will be mined using a freeze perimeter and other proven technologies for underground mining operations.
Tamerlane will then use the infrastructure to access a series of nearby deposits to be studied in a recently announced feasibility study.
Tamerlane completed a portion of its 2008 confirmation and infill drill program to upgrade 16 historical deposits containing 40 million metric tons to the measured and indicated resource category.
Currently four deposits have been confirmed through the drilling of 19 holes for a total length of 2,440 meters.
The drilling program was stopped prematurely because the company needed to conserve cash during the world credit crisis.
When funds are available, Tamerlane says drilling will be resumed under a new exploration land use permit issued by the Mackenzie Valley Land and Water Board July 2.
Immediate exploration potential lies in an underexplored 15- kilometer, or 9-mile, zone at the property boundary between the former Cominco-Pine Point Mines Ltd. and Westmin properties, according to Tamerlane.
The property boundary was not thoroughly explored by either company, and longer-term exploration potential lies to the west of the defined deposits on the Westmin property.
Cash and short-term deposits:
C$43,041 (at June 30, 2009)
Working capital:
C$254,986 (at June 30, 2009)
Market capitalization: C$11.876 million
441 Peace Portal Dr., Blaine, WA 98320
Tel: 877-284-6535; 360-332-4653
Fax: 360-332-4652
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